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<br />CONSTRUCTION SECURITY AGREEMENT
<br />T~$- .-~~y~,~~{I' eCONS;II.TLIT;ES.A CQNS.IEtUCTIQN SECURITY _INT_EREST,IJNDER THE. NEBRASKA, CONSTP.UCTIJ'+
<br />AL ESTATE.MORTGAGE--(Vliith Taz Clause) Rev, 78 kuffman snd Gelton& Wolf, Walton; Me filtd6i
<br />xNOw ALL;`rtEx sY THESE PRESENTS: That Larry D. Rol and Patricia Kay Rol,.:Husband _
<br />and h'ife '
<br />of Hal 1 County, and State of NebrdSka _ ;.in consideration of the sum of ii
<br />FORTY THOUSAND AND NQ/100-----------~•------------------------------------------ noLL.aRS!
<br />in hand paid, do hereby sE1.I. ana CUNVE:1' rmfn The First National Bankof Grand Island, ~ _
<br />Grand Island, Nebraska [
<br />,~.q{~ of Hall County, State of NebrdSkd the following descdbedpremises situated
<br />in Hdll Cor:nLw, and State of Nebraska ,to•wi4: ~~.
<br />_~ All of Lot Fifteen (15), Block Three '(3),
<br />In Olde Mill Subdivision to the City of
<br />Grand Island, Hall County, Nebraska.
<br />i
<br />i
<br />The intention being to convey hereby an absolute title in. fee~simp)e, including all the rights of homestead and dower. ~..
<br />~ TO HAVE AND TO HOLDthe premrsesabove descri4ed, with a!1 the:appurtenanccs thereuntabclnnging, untn'the said
<br />i mortgagee(s) and to his, he[ ortheir heirs and assigns~~'oreve r, pzovided: always;and these presents'are upon the express i,
<br />condition that if the said mortgagor(s), his, her or theirheirs, es ecutors, administrators or assigns shall pay or ~.aux to be ~
<br />paid to the said mortgagee(s), his,. her or their heirs, executors, administrators or assigns, the principal sum o($ 4o,OD0. o`~ ~
<br />~ payable as follows, Cn wit-
<br />I
<br />PRINCIPAL`PLUS ACCRUED INTEREST AT RATE` '
<br />OF 1.6.50 PERCENT_DUE AND PAYABLE JANUARY
<br />11 31 ,' 1983
<br />l I
<br />i with interest accro riling to the tenorand e$eci of the mortgagors-written promissory note Irearingeven date..with thesepresents I,
<br />and shall nay all taxes and a sessmenfs levied upon said. real estate; and ..1 other taxes,: Levies and assessments levied. upon the '.
<br />'~ ~ mortgage or the note which this mortgage ie given to secure,. before thesame becomes delinquent, and: keep the. buildingsyn -~'
<br />said prerruses insured for the susu of ~ 40. OOO.OO ,loss, if any; payable to3he said mortgagee, then these. present. ~i
<br />t
<br />~ to be void, otherv+[se to be and remain in full. force. ~
<br />IT IS FOR'1'HER AGREED? (.1) That if the said martga gor: shall faihto pay such taxes or procure suchinsu_rance, .the ~
<br />said mortgagee msy pay such taxes and procure such~iasurance; and thesum so advanced, with interestnt l 6.50 pox ~
<br />y cent, shall be repaid by said mortgagor, andthis mortgage shall. stand as securityforthe same. (2} Thatafa0ure t4-pay Amy j
<br />I of said money. either urinclPal or ntereak,.. when thesame becomes due, bra failure to comply with .any of the'foregaing
<br />~ agreement, shall cause the ..hole sum of money herein Secured io become due andcolleMiblc et ur,.ce at the option of the I
<br />~ ~~..
<br />mortgagee.
<br />signed this 2nd day ~f August' Is 82 .: ~ ,
<br />-, ~ 1n presence of ,~. ` .~ ._ __ _..: ._.
<br />~~ ~ ~~ ~~
<br />~ Larry'~D. Rol'- ~
<br />r ~ . ...... .....:... ._._ .
<br />~ Patricia Kay Rol
<br />STATE OF....Nebraska :..,Countyof ---.H311 ...:;......::-
<br />............
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<br />j The foregoing instrumentwrie~ a4kngwledged before me ..:. ,August;2.....:, ......:: , .... , .',19..82 !,
<br />~` < ,
<br />by , Larry..D, _ R~1 _dnd P~ir.i>v,taa;yKa~~~] , Husbard and Wife '
<br />~ F
<br />~ ~' ~~
<br />~ ~ ~ ~ ~~
<br />t tyOiARYON "_ ;~~ 4 1 l U.. ~~ .r. f`~ ..~~~~-- i
<br />~ COFA `h
<br />~tw'W+~'7 v ' LI !
<br />1 ~, ~ ' tS k ~,'.~ ,~ ........... . .... ... _..... .
<br />My Colrxrli scion Expi r ` $. q~~~ ~ ~ Signature of Person Taking Acktrowledgment
<br />... ~. ~y s
<br />a3q G•.?.::...~a5tr Notary Publ'lc .. .. ... .. ....
<br />--- rf Of ti4-,~'` ~ Title ....
<br />~~
<br />~ y`SC.'LT.
<br />1
<br />3TRTE UF___..- .. .. -. .... 'Entered on numerical index and filed :for ecr. 3~,
<br />t;,~t } ~~' in the Register of deeds C>fFce, of said Coo ty u, • ~,
<br />Y _............_ -- .......... :...... ..
<br />_.___ _._.._daY at..._.__. .._..:._.... ,_ . _ .: 19:._..,.. _. at......:.. ...„.:...:b'cloak and....._. _.minutea _:... ..... .M:,a
<br />u:ul rewrsled*.in .Bask....... ......... ......._of .::......... ..,... .._.at Page:...,. ........_. .. _. _: _.. j
<br />E3y......,... ................ ..,...._.. ...._.,.,.. ___..._1T+slnrty%
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