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<br />-REAL ESTATE 1bfORTGAGE (Cotporadan~-W£tN Taz C4aee
<br />NutTman artC Felton &. Wolf. Walton, Ne. 68461 ~ r'~
<br />KNOW ALL MEN BY"THESE PRESENTS:
<br />THAT Ho-Ott-Schu Land' Company "~
<br />a corporation organised and existing under and by virtue of the dazes of tht State of Nebraska in
<br />ronsideralion of the srrm of NINE'THOUSt~ND FIDE HUNDkED AND N0/100--------------_____-.DOLLAR) i '
<br />! ire hand aid, does hereb SELL axd CONPEY uxto {
<br />~ p y The,First National Bank'of Grand Tsland,- y,
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<br />°f Hall County, State of Nebraska the: following described premises situated
<br />in Hal] County, and=State of `.Nebraska , to-wit: ~ i!
<br />SW~ of SEati, (Including Lot l0 of Valentine Park, now ~~acated) in Sec. 12,,Twp. 11N,
<br />R 10 W of 6th P,M., except tract deeded to State of Nebraska recorded in Deed Record 143~'~
<br />at Page 441, Ha11 County, Nebraska. The W'~ of SF}L of Sec. 27, 'ltap: 11N, R 9W of 6th P..1~
<br />Hall County, Nebraska, 'excepting therefrom tracts of grour_d more particularly described ;;
<br />in Corporation Warranty Deed recorded in Book 162, Pg 120 &-Book 15.7, Pg 492, Office of lil
<br />Register of Deeds, Hali County, Nebraska. Part of SEti SWa~ of Sec. 27, Twp. 11N, R 9'W o~,
<br />6th P.M., Hall County, Nebraska., more particularly described. as follows: Beginning at
<br />a point can the East liiae of said SW~, said point being 45.0 feet North of'sE corner of
<br />said SW's, thence Northerly along said east line of SW~, a distance-of 798.E feet; thence,
<br />westerly parallel to the South line of said Sec. 27, a distance of 648.96 feet; thence
<br />Southerly, a distance of 798.0 feet to a point 45.0 feet North of he 'South line of ~','
<br />said Sec."27; thence easterly parallel;to said South line of Sec. 27, a distance of ~,
<br />665,08 feet to, the place of beginning and cohtaining 12.035'acres,-.more or less. ~,
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<br />The intention beang to convey hereby an absolute title in fee simple. i
<br />TD HALL AND TO HOLD the premises aboi•e described, with`alI the appurtenances thereuisto belonging irn:c
<br />the said The First National Bank'ot Grand Island, Grand Island, Nebraska,
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<br />and to its heirs and assigns forever, provided aleuays, and .these presents are upon the express condition
<br />tha! if the said Ho-Ott-Schu Land Company ~
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<br />or assigns shall pay or cause to be paidlothe said.:` The.F'rst National Bank of. Grand Island, ','
<br />Grand'Tsland, Nebraska it
<br />heirs, executors, administrarurs or assigns,, the sum of Nine Thousand Five Hundred ~ No Dollars, poya$le as I j'
<br />follows, to-wit ~ L
<br />Nine Thousand Five Hundred S No/L00---Dollars on the 15th da'• ~'f December ,x9;83
<br />22r3fkRF=o3F=Ct~ 2t3S~3~ ,~
<br />3~allte[s~N¢ Y~esL ;
<br />Y3dT?sI3IICtJQ- ss£`aF ~G I
<br />R3~NR= dsre~ ._~= ~
<br />urith interest thereon at 16'-i per cent per annum, payableDeeember 15, 1982>zteamltt3 eccordang to tha Yenor ! ~'
<br />and effect of the one Promissory note +CItJL77pZl~4fi3aII ri
<br />~OiR=C~i6c~f3 o f said
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<br />Ho-Ott-Schu Land L'ompany p
<br />Searing rs+en date with these presents and shai7 pay~all taxes and assessments ' ~i+ ~ no> :aid r- : esrat otd al other
<br />taxes, levies mid assessnsentr leered upon this tnortgage or tGie rote which thu Hour ~ra~ u ~ n sc uro, ~sj`ora tie
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<br />same becomes deliuyuent, mid keep the buildings on saga premises insrired far the urn of „ r/,~ oss of I
<br />any, payable to tlresoid martgugee, theft these presents to ^e zoid, otherwise to Le a.~ remain in jail force. ! '
<br />IT IS FURTHER AGRF_ED, (tj That {T the scid morlgagarshaU failto ¢ay -~aa :axes or t^rncure such itsur- j ',
<br />once, the said mortgagee Wray pay such taxes rv:d pror ra^ such insurance,- and the ~ u:vo s._ r a. anceci, z. it s fnterest al I '
<br />pet cent steal: be repaid by said mortgagor, and tntir n•,origag sftaii .r+and ac secur;ty far same. ~z, 1 hat -
<br />a failure to pay uxy of~said moray, aithar prindpal or aaterest .tJ.ern the same aect:rnc duo, or a fa?lure t_ co+np y ~ ~~
<br />a>oy of 17te'~fpregoing ogrlemesiis;: slaall cause the zchc:e sun: of n:o;aet herein secured to'b¢corne due and eolleufabte
<br />at once at the._optionrf'the,'martgagez.
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<br />.N :d'ITNSSafidrHEREOF, rtes said Ho-Gtr-Schu Land Company
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<br />Senior Vice I
<br />loos, nereunlo caused its corporals .seal to be affu-ed and these presents to be signea' by its.. President
<br />this 28th day of J+.ily .-i. D. r9 S2 ~ ',
<br />Ssgned, scaled and del:c~ered in yresence of i ~{
<br />....-i_tf,~Z: ~-..-.-.. .H~ ~.t~_ °chu Land Ciro=»an
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<br />ilex .7. H. Otto, Prcasideni
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