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<br />AL ESTATE MORTGAGE-iwith Tax Clause) Rev..H Hoffman and Felton 8 Wolt. Walton, Ne.584bi i
<br />' ~ KNOW ALL MEN BY THESE PRF.SENT5: That Cale E. Neal and Alice E. Neal,. Husband and Wife
<br />~ each individually in his and her own right and as spouse of the other,
<br />I of Hall County, and State of Nebraska , in consideration of the sum of
<br />TWELVE THOUSAND AND NO/100----------------------------------------------------- DOLLARS
<br />} in hand paid. do hereby SELL and CONVEY unto The First National Bank of Grand Island
<br />I
<br />of Hall Count State of the followin described remises situated
<br />y, Nebraska g P
<br />i in Hall County, and State of Nebraska . to-wit:
<br />Lot Eleven (li) in Knickrehm 8th Addition to the City of
<br />'~+` Grand Zsland, Nebraska.
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<br />The intention being to com•ey hereby an absolute title in tee si mPle, including all the rights of homestead and dower.
<br />TO HAVE AtiD 'f0 HOLD the f>mmises slx>ve descriheri, wiih all the appurtenances thereunto belonging, unto the said
<br />mortgagee(s) and [c his, her or their heirs and assigns forever, provided always, and these presents are upon the express
<br />condition that if the said mortgagor(s). his, her or their heirs, exxuturs, administrators or assigns shall pay or-cause to be
<br />paid to the said mortgagee(s), his, her or their heirs, executors, administrators or assigns. the principal sum of 5 j2,000. 00
<br />payable as ioilows, to wit:
<br />Principal payment of $12,000.00, plus accrued interest at 17 Sid, due and
<br />payable on March 3, 1483.
<br />with interest accrorcling io the tenor and eflect of the mortgagors written promissory note bearing even date with these presents i
<br />and shalt pay all taxes and assessments levied upon said real estate, and all other taxes, levies and assessments levied upon this.
<br />mortgage or the note 'which this mortgage is given to secure, before the same becomes delinquent, and keep the buildings on v
<br />said premises insured for the sum of 3 12 , 000.00 loss, if :um, payable m the said mortgagee, then these presents i
<br />to be void, otherwise to he and remain in full force. - -~ -
<br />7T IS FUR`PHER AGREEU- (1) Thai if the said mortgagor shall fail fo pay such taxes or procure such insurance, thet -
<br />said mortgagee may pay such nixes and procure. such insurance; and the sum so advanced, with interest at 15.5! per{ - -
<br />cent, shall he repaid by said mortgagor, and ibis mortgage shall stand as security fqr the same. (2) That a failure to pay anyl -
<br />of said money, either principal or interBSt, when the same becomes due, or a failure to comply with any of the foregoing
<br />agreements, shall cause the whole sum of money herein secured to become due and evilectibie at once at the option of the;
<br />mortgagee.
<br />Signed this nth day of September tg 82 _ I -
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<br />In presence of .._.........__'~ ,t 1~~z~.....~........'.<.~'":.:'~~ s`
<br />Alice E.;Veal
<br />Nebraska Hall
<br />STATEt?F .............................County of ............................:
<br />The foregoing instrument was acknowledged before me ....... , .September 7 19 82
<br />Cale E.:_~Tea~l and Al' ce E. Neal it
<br />by .....:.......,.....
<br />~°~! Rte.:
<br />..................................................
<br />Signature of Person Taking Acknowleti~ment
<br />Title• {-Notarg ~Publie
<br />tvenra ~r tvc~~
<br />STATE OF_,..-_._..._..........._.... ................. Entered on numerical index and. fated-For rte
<br />as.
<br />County ~ - Hall .. _,_...__ in the Register ot'Deeds +'+r' :• of said Couhty
<br />.............._......_-day af........._............---...-................... Y9............, at...__ _.. ......._...._......o'clnck and..................-.._...... auinutes ............._......
<br />and recotdotl in Book...._ ....................................uf._........._..,..,........ ...._.....at page....._..........---..................~......
<br />---..._._............_,.........._ .............. ..._...,-_..... _._..-.....Reg. of Deedal -
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