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I ~ rONSTRUCTION SECURITY AGREEMENT I
<br />[~ttluS_~IN~STRUMENI CONSTITUTES~A.~ONSTRUCTTON_ SECURLTY INTEREST UNllER THE NE,ERASKA .:CONSTRUCTI(~N_..
<br />!I'T2-A~%+R EAI ESTATE MORTGAGE-(With Tax Cis use) Rey, 78 Huffman and Felton 8 WOIf, Walton Ne 684Et
<br />CORRECTIVE R -
<br />i
<br />KNOW ALL MEN BY THESE PRESENTS: That Larry D. Rol and Petri c'a Kay Rol, Husband
<br />~ and Wife
<br />l of Ha 11 County, and State n[ N2bra S kd . in consideration of the sum of
<br />! FORTY THOUSAND AND NOl100------------------------------------~--_----- -____-- rioLLARS
<br />j in hand pa;a, do hereby sELL and corrvF;Y une~ The First National Bank 4.f Grand':Island, ~
<br />Grand Island, Nebraska -
<br />I of Hail County, State of Nebraska the following deacribedprernises situated
<br />in Hall County, and State of Nebraska to-wit:
<br />I
<br />~h
<br />~O THE NORTHEF.LY THIRTY SEVEN FEET (37') OF
<br />LOT FIFTEEN (l5) AND THE SOUTHERLY FORTY
<br />C\i FEET (40') OF LOT FOURTEEN (14}, WOLFE'S
<br />r~ l
<br />SUBDIVISION, CITY OF GRAND ISLAND, HALL:.
<br />I COUNTY, NEBRASKA.
<br />N
<br />op
<br />The intention being to convey herebyan absolute title in. fee simple;includingall the rights of homestead and dower. I
<br />TO HAVE AND Ta HOLD thepremises'above described, with'aIl theappuHenances thereunto6elonging, unto the said
<br />mortgagee (s) and to his„her or their heirs and'. assigns:foreve r, provided .always, and these presents ate upon the express ~
<br />condition that iE the said mortgagos(e), his, henor their heirs, executors, adminisGators or assigns shall pay or cause to be
<br />paid to the said mortgagee(s), his her or their heirs, executors, administrators or assigns, the principal sum of S QQ ~ Qp~ . ~D
<br />i
<br />payable a9 follows, to wit:
<br />I
<br />PRINCIPAL_PLUS ACCRUED INTEREST AT .RATE OF i
<br />16.50 DUE AND PAYABLE NOVEMBER 29 1982.
<br />i
<br />I
<br />with interest according to the tenor and effect of the mortgagors written promissory note. bearing even date withdhesepreaenka j
<br />and shall pay all taxes and a.~ve. Yrrients levied:upon said teal estate and aL ~.ther taxes; levies and. assessments levied-;upon this j
<br />mortgag or the note which tbts mortgage isgiven W secure, before. the same tiet:omea delinquent, and keep the buildings on ~
<br />said premises insured for the sum of.$ 4D,DDD.DD ,. lose; if any, payable W thesaid mortgagee, then thesepreser~Ls ~
<br />to be voxl, otherwise to be and remain in full force.
<br />IT IS FURTHER AGREED (I) That ifthe said mortgagor shall fail to pay such taxes or procure such ~insurar ce, the ~
<br />said mortgagee may pay such taxeaand procure'such insurance; and [he sum so advanced, withintereat at 16. 50 per I
<br />cent, shat! be repa,d by said mortgagor, and thiamortgageshall stand. as security for the same. (2) 'T'hat a failure to pay any ~
<br />of said money, eith r principal or-intereaQ when the same becomes due, or a [ai!ure to comply with any of the foregoing
<br />agreemenlr., shall cause the whole sum of money. herein secured to become due aryf collectible nt o~e at the option of the ~i
<br />mortgagee. - j
<br />Signed this 1St day nr June Is 82 ~~ ~`'
<br />G. __
<br />presence n[ tar / ROl f
<br />In ~ ,,y/l
<br />~~-atri la~ ka' ~ Rol / ~ i
<br />__...... _...... __ _ , i
<br />STATE OF.....h~brdSkd ...............Countvof .....................-......:
<br />"the foregoing instrument was acknowledged before me .... . ........1Unfa..i ................. 15 ... U2 i
<br />by ..Larry. p_._.RoJ..and. Patricia Kay Rol , Husband and 'life I
<br />yr4at-~ttrtus~ ~r Signattf~of Person Taking Acknowledgment
<br />~.
<br />A(y Commission. Expires:;~Ju~~ 3/„~yf Hotary.Pub.l.ic. ... .....
<br />'C~tle
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<br />STATE OF_.__... ... - ..._..._ .. .. __......_..__.._...- 1 Entered on numerical index and filed for record
<br />t ~-
<br />County .__.._ __.._- ..._._ ._..... I iu the Register ,~r lleeYis Offxr of.svid County .the i -
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<br />. daY oL ..__.. .._._ -, 19. ., at.- ___. -.u'cloc6 and .. _. __-.minutes _. .....Ai-, ', ~^.
<br />and r~>xlod w Book .-..-..- ... _..- ..__oL _.. _.at page __._._. ~. ~..
<br />.__ _...._._... - . ..._.:.. .......... ...:..:.R.eg. of Deeds j
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