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' ~ 62%8ECOND REAi, EHYATE MORTGAGE-With Tax Clause
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<br />TLn Fl uffrr~xn 6enernl Supply llonen, Gin~bin, Yell e.
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<br />KNOW ALL MEN BY THESE PRESENTS:
<br />THAT I or WE, WILLARD R. LARSEN AND LAUREL J. LARSEN
<br />of Hall County and .State of Nebraska
<br />SIX THOUSAND AND NO/100THS DOLLARS ($6,000.00)
<br />in hand paid, do hereby SELL and CONVEY unto
<br />DA-LY REALTY & INSURANCE, INC.
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<br />of Hall Count}~, and Stake of Nebraska
<br />situaf¢d in Ha11 County, mrd State of Nebraska
<br />82"-tl~~tJ~~
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<br />in consideraMan of the sum of i
<br />DOLLARS j
<br />f
<br />(mortgagee), ~ -
<br />,.the.,following described premises
<br />to-nRt~ j
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<br />The intealima being to cunvzy hereb~• mt absnhrte tiflt in jee si»cpte enrlrrding alt the rights of homrstcad and dourer.
<br />TO HAG'L• AND TO HOLD tisc premises ai±ove described, 2cith nll the appurtenances thereunto Delunging unto
<br />the said mortgagee or mortgagees urzd to his, her or their heirs anfl assigns, torezrer, prorided always, and these pres-
<br />ents are upon the express condition that if Hoe said mortgagor or ntarf_gagors, leis, hrrr or their heirs, executors, admin-
<br />istrators ar assigns shall pay or cause to he paid to the said »sortgagec ur mortgagees and !o his, iter or their heirs, es-
<br />ecutors, administrators or assigns, the sum of
<br />SIX THOUSAND AND NO/IOOTHS ($6,000.00) Dullnrs, payaL-le as folla2us, to-zt~it:
<br />$100.00 October 1, 1979 and $100.00 each month thereafter until September 1, 1480
<br />at which time the total unpaid principal balance plus accrued interest will be
<br />due in a balloon payment.
<br />with interest thereon at 10 per cant per an»um, payable as above ofanueiiy, according to the tenor and ejject of
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<br />the $6,000. promissory nuts with interest coupons ottadtrd of said ~ivrtgaynrs, baarireg even data xxdth these pros-
<br />eats, and shall pay all lases and any interest un, or nutMrriny installments aj principal, due: on any prior snurigage and ~
<br />assesnstents denied upon said scat estate and all other taxes, iezries and assessmerafs leztied upon this mortgage ur the j
<br />note which this mortgage is given to seasre, before the same bacmncs delinquent and heap the haildings on said
<br />premises insured for the sum $50,000. ,fuss. if an;~, payable to sacia just uzvrtganeee- ur this stturtgagee, or both,
<br />then these presents be void, otherze>ise to ba mtd rc ntaiu in j:dl furcr•.
<br />I'T IS FURTHER AGREED (z1 -lhat if tlse said mortgagor shall fail to pay such tales and sucla interest on, ~ '
<br />or maturing installments of principal, due nn one prior u:vrtyage and procure suds nasurancr•, than this mortgagee »wy ~ -
<br />pay such taxes astd spelt tlttsrest an, or rnarfuiatg iastalGncnts of principal, d7se on stn-h error mortgage and pronsre I
<br />sorb iststerastcc; and the sum so advanaed 2catls interest at nisaa par cent shall be paid by said mortgagor, artd this wort- ~ -
<br />goge shall stand as sacssrit}~ for the souse. !>? T'hat a failure to pay anti of said rnunev, either priracipad or interest on
<br />:his or any prior mortgage, when for same becomes due or a failure tv cum ply zvit/t any of the foreguiny agreesnents,t
<br />shat! cause the ztrhate sum v( rnaney nercin sensred to become rt`ase end collectable at once at tl:c option of the mort-
<br />gagee.
<br />IT IS FURTHER_ AGREED. Tltat said mortgagee, pending forecla.srare of this snortgnge and after decree and
<br />bending stay thereon or appeal therefrurn a»d pending sale of premises mortyaged, may pay sesch talcs and maturing i
<br />interest or srtaturing installments of 6rrreripal, on prior murtgayes, prvrzrre suds insurance nrzd surlt sums shall be ~
<br />2ddad to lIse amount due: vn decree and ap~~n con~trmatioxi_ of salon}+ thr: coma ar;lered taken ;; t: ~ nrocerds vj sale:
<br />~r if_ redeemed, during stay, appeal ur sale, such amounts slwlt !ra co?lr'r•trd Nrr saute +u tlrnuyl. -. a parr of such -
<br />3eCree.
<br />Signed this 14th da}~ of September rg 79
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<br />In I rr~encu c, t
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