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<br />
<br />REAL ESTATE MORTG.~GE
<br />KNOW AL1~ MEN BY THESE PRESENTS:
<br />That L. KENT COEN and i$. JEAN COEN of Hall. County, and State
<br />of Nebraska, in consideration of the. sum of Ninety Seven Thousand
<br />Dollars (:$97,-0A0.00) in hand paid, do hereby sell and c6r_vey undo'
<br />NORMAN B. 3AFiR of Hall County, State of Nebraska, the following
<br />dPSeribed premises situated in Hall County, and State of Nebraska,
<br />to-wit:
<br />A tract of land comprising a part of the Southeast
<br />Quarter of the Northeast Quarter.{SE l/4 NE 1;~4)
<br />of Section Twenty Seven.{27), Township Eleven (11}
<br />North, Ranae Nine (9) West of the 6th P.M., in Hall
<br />County,. Ne'~raska, more particularly described as
<br />follow=:
<br />Beginning'at the .outheast corner of said North-
<br />east Quarter (NE 1; 4} ; thence 4desterly along the
<br />South line of said Northeast Quarter {NE 1i'4},
<br />a distance of Eight Hundred 'Tcaenty Fcur and Six
<br />Tenths. (824..6} Feet; thence deflecting right 90°
<br />00' and running Northerly, a distance of One Hun-
<br />dred ~7inety Six and Seventy Five Hundredths (196'.75}
<br />Feet;. thence deflecting right 57°56'22" and sunning
<br />Northeasterly, a distance of Nine Hundred Fifty
<br />Five and. Thirty Nine Hundredths (955'.39} root to
<br />the East line of said. Section Twenty Seven (27);,
<br />thence, SoutheriY: along the. East line of said
<br />Secton:.T-,aenty Seven (27}, a distance of Seven
<br />Hundred Three and Ninety Two. Hundredths (703.92}
<br />Feet o the .place. a£ beginning and containing 8..490
<br />acres more or less.
<br />The ir7tention being to convey hereby an`absolute title in fee
<br />simple, including all the rights of'homesteac~ and dower.
<br />TO HAVE AND TO HOLD the premises above described, with all
<br />the ~gpurtenances thereunto belonging un a the said Norman B.
<br />Bahr and to his heirs and assigns, forever, provided always, and
<br />these. presents are upon. the. express conditions that if the: said'
<br />L. Kent Coen and M_ Jean Coen heirs, executcsrs, administrators
<br />or assigns shall pay or cause to be paid ta'the said 2dorman B.
<br />Bahr heirs„ executors, adr.~nistrators ar assic,*ns, the sum of
<br />$97,000.00, payable with interest thereon according to-ts~ terms
<br />of conditions of a,certain purchase agreement dated the first day
<br />of August I982,`by and betweEn Norman B: Bahr and Louise W. 3ahr,
<br />as sellers, and h. Kent Coen and M Jean, Coen, as-buyers, all
<br />accordingn`o the tenor and effect'of a promissory note bearing
<br />date cf ~Tll~~rsr ~s> 1982, and. shai nay all taxes and as-
<br />sessments levied upor. said real estate before the same become
<br />delinquent, and_keep the buildings on said premises insured fore
<br />the sum of $97,OQO.OA loss, if any, payable to the said mortgagee,
<br />then these presents to be void, otherwise to be and remain in full
<br />force. Principal and interest ppayable at Grand Island, Nebraska.,
<br />payable on or before .7uiy 1, 2004-.
<br />IT IS k'URTHER AGREED:
<br />i. That if the. said mortgagor shall fail to pay .such taxes
<br />or procure such insurance, the said mortgagee may pay such taxes
<br />and procure such insurance; and the. sum so advanced, with interest
<br />L at sixteen percent (16 a) per annum shah: be repaid by said most-
<br />gagor, and. this mortgage shall stand as security for the same.
<br />2. It i stipulated and agreed that in case of any default
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