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<br />82-~~o43is
<br />82= ts~?~,?25
<br />REAL ESTATE MORTGAGE
<br />KNOW ALL MEN BY THESE PRESENTS:
<br />That. L. KENT COEN and M. JEAN COEN of Hall County, and State
<br />of Nebraska, in consideration of the sum of Ninety Seven Thousand
<br />Dollars ($47,000.00) in hand paid, do hereby sell and convey unto
<br />NORMAN B. BAHR of Hall County, State o€ Nebraska, the following
<br />described premises situated in Hali 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 fSE II4 NE lJ4}
<br />of Section Twenty Seven (27}, Township Eleven tll)
<br />North, Range vine (41 West of the 6th P.M., in Hall
<br />(aunty, ^lebraska, mo~•~ particularly described as
<br />folzaws:
<br />Beginairg at the Southeast corner of said ~torth-
<br />east Quarter f*7E l'4) ; thence t~esterly along the
<br />South Line of said *tortheast ~?uarter i:7E lirl} ,
<br />a distance of Eight FIundred Twenty Four and Six
<br />Tenths (829.6) Feet; thence deflecting right 40°
<br />00' and running yartherl~-, a distance o€ One Hun-
<br />dred `tinety Six and Sevent_,' Five c'lundredths ;146.7.5)
<br />Feet; thence de_*""letting ri~yht .. °56"22" and running
<br />Northeasterly, a distance of :+i.:e i{undyed Fifty
<br />Five gad Thirty Nine Hundredths t`~55.3°} Feet to
<br />the East line of said Suction Twenty Seven {27};
<br />thence, Sautherl;.• along the East Lyre of said
<br />Section Twent• Seven (271, a dis*_ancc~ of Seven
<br />Hunc:red Three and 'yinet~- Twc ?lundredths (703.92}
<br />Feet to the elac:e oz heal,^:ninr; and captaining 8.440
<br />acres more or less.
<br />The intention being to convey hereby an abseiutc=. title in fee
<br />simple, including alt the rights of homestead and dower.
<br />TO HAVE AND TO HOLD the.:~resises above described, with ail
<br />the appurtenances thereunto belonging unto the said °Norman B.
<br />Bahr and t.a his heirs aura. assigns, forever, provided always, and
<br />these presents era upon the express conditions that if the said
<br />L. Kent Conn and N. wean Coen heirs, executors, administrators
<br />ar assigns shall pay ar c:ause to be paid to the said Norman B.
<br />Bahr heirs, executors, adr~inistratcrs ax assi~7ns, the sum of
<br />597,000.00, payable with interest thereon according to the terms
<br />of carditions of a certain purchase agreement dated the first day
<br />of August 1982, by and between Norman B. Bahr and Louise W. Bahr,
<br />as sea.Iars, and L. item Coen and ~. ,7ean Coen, as buyers, all
<br />according to the tenor and effect of a promissory note bearing
<br />date of ~ r~/s> ~ 1481, and shall ;gay all taxes and as-
<br />sesstaents levied upoon said zeal testate before the same becoms
<br />delinquent, and keep the buiidinc;s or. said k~remises insured far
<br />the srua of $47,OU0.00 Loss.. if an'. ayable to the said mortgagee,
<br />then these presents to be void, otherwise *_o be and remain in foil
<br />force. Princi a and iaate~es~ yable at Grand Island, Nebraska,
<br />payable an nr ~se~ore Duly .. 4~}~ .
<br />IT IS Ft7RTKER AGRHED:
<br />! . That if the said cnortgagar shag..',. fail to pay surd: ..s;c=s
<br />or procure Such insurance, the said itK?Y'trjagel' ^~ay pay such taxes
<br />and procure such insurance, and the sum sa advanced, with interest
<br />at sixteen percent fi6~) par annum shall be rec~aid by said mo.rt-
<br />!3a9ar. at~d this toort<~Nar~e shall .stand as secur.i±~° fns *_h~ same.
<br />It is stipulated and agreed that in :„ase ti:f ;xnrt default
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