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<br /> SECOND REAL ESTATE MORTGAGE---With Tax Clause Tho Ifu[twnn General Supply Ilouea, Lincoln, Nobr.
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<br /> KNOW ALL MEN BY THESE PRESENTS: 2 0 0 9 0 7 2 4 5
<br /> THAT 1 or IVE, KEVIN J. SCHULTE and HEATHER E. SCHULTE, HUSBAND AND WIFE S S
<br /> of HALL County and State of NEBRASKA , ill cottsideratio,t of file sum of
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<br /> THIRTY THOUSAND AND NO/IOOTHS----------------------------- ($30,000.00)-------- OLLARS
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<br /> iii hand paid, do hereby SELL artd CONVEY imlo
<br /> JOHN S. SCHULTE and DIANNE L. SCHULTE, Husband and Wife (mortgagee),
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<br /> of HALL Comily, and State of NEBRASKA , the followir►g described premises
<br /> sititated in HALL Comity, and Stale of. NEBRASKA to-wit:
<br /> FARM-
<br /> LOT TWO (2), DENMAN'\S BDIVISION, HALL COUNTY, NEBRASKA
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<br /> The intetitiort being to convey hereby art absolute title in fee simple including all the rights of homestead aril dower.
<br /> TO IIAVE AND TO HOLD the premises above described, with all the appurtenances thereunto belonging auto
<br /> the said mortgagee or mortgagees and to his, her or their heirs and assigns, forever, provided always, amf these pres-
<br /> ents are ttport the express condition that if the said mortgagor or mortgagors, his, her o,- their heirs, e-recittors, admiii-
<br /> istrators or assigns shall pity or cartse to be paid to the said mortgagee or mortgagees and to his, her or their heirs, e,v-
<br /> ecutors, administrators or assigns, the sum of
<br /> THIRTY THOUSAND AND NO/I00THS----•-•------------ ($30,000.00)---- Dollars, payable as follows, to-u.-it:
<br /> PRINCIPAL & INTEREST DUE IN FULL ON MAX 31, 200
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<br /> WI.th interest thereon at 5 per cent per annum, payable annually, according to the tenor and effect of
<br /> the promissory note with interest coupons attached of said Mortgagors, bearing .evert dale with these pres-
<br /> ents, and shall pay all taxes and any interest oil, or umtitr'ing installments of principal, dine opt any prior mortgage and
<br /> assessments levied upon said real estate and all other taxes, levies acid assessments levied upon this mortgage or the
<br /> note which this mortgage is given to secure, before the same becomes deliiigr►ew and keep the buildings oil said
<br /> premises insured for the stun $ 230,000 , loss, if arty, payable to such first mortgagees or this mortgagee, or both,
<br /> them these presents be void, otherwise to be and remain in' full force.
<br /> 17' IS FURTHER 11GREL'D (-i) That if the said mortgagor shall fail to pay such taxes and s►rch interest on,
<br /> or maturing installments of prbicipal, date opt any prior mortgage and procure such iris►crauce, thell this mortgagee may
<br /> pay such taxes and such interest opt, or maturing histallmenls of pr-iricipal, due opt sitch prior mortgage arid pr•ocitre
<br /> such hism-mice; arid the suit so advanced with interest at nine per cent shall be paid by said mortgagor, arrd this mort-
<br /> gage shall stand as seciii-ity for the same. (a) Thai a failure to pay ally of said mo,tey, either principal or interest oil
<br /> this or any prior- mortgage, when the same becomes due or a failure to comply with any of the foregoing agreements,
<br /> shall cartse the whole sum of money herein secured to become deer aunt collectable at once at the option of the utart-
<br /> gagec.
<br /> IT IS FURTIIER AGREED That said mortgagee, pending foreclosure of this mortgage a►td after decree and
<br /> pending stay thereon or appeal therefrom and pending sale of premises mortgaged, may pay such lures and mallirurg
<br /> interest or maluririg installments of prbiripa7, on i~rior morlgar/es, procure such rrtsm-ar►ce and tacit sums shall be
<br /> added to the amomil due on decree awd "poll r.onfirmalion, of sale by the corirt ordered lakell out of proceeds of sale;
<br /> or if redeemed ditr•ing slay, appeal or sale, such amounts shall be collected the same as llror►gh it were it part of such
<br /> decree. Signed this day of
<br /> III Pr c ice of
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<br /> KEVIN J. CHULTE H ATHER E. SCHULTE
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<br /> State GCNebraslm f NEPAL NOTARY•StatIM C1
<br /> County of... HALL . MY Comm. Expi
<br /> The foregoing instrument was aelulowledged before tae Oil .
<br /> by ..V~..J.. $Cif~~T~ I}d HEATHER E. SCHiILTE Husband and Wife
<br /> a........... II
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