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78-~~ 4.~ ~ ~ ~ fi
<br />REAL ESTATE MORT~A6E
<br />KNOW ALL f~EN BY THESE PRESEN75:
<br />That Frederick H. Bosselman and Maxine Bosselcr~n, his wife, of grand Island,
<br />Hall County, Nebraska, for good and valuable consideration, not herein receipted
<br />but hereby acknowledged, in hand paid, do hereby sell and convey unto $ankers
<br />Life Insurance Company of Nebraska, its successors and assigns, hereinafter
<br />referred to as mortgagee, a Corporation of Lancaster County, State of Nebraska,
<br />the following described premises situated in Hall County and State of Nebraska,
<br />to-wit:
<br />All of Lot One (1) in the Northeast Quarter {NE 4} of Section
<br />Twenty-four (24), in Township Ten (10) North, Range Ten (10}
<br />West of the fith P.P1., Hall County, Nebraska excepting there-
<br />from a certain tract of Tand deeded to the State of Nebraska
<br />more particularly described as follows: A tract of land
<br />located in Lot 1 and accretion land in the Northeast Quarter
<br />(Nfa) of the Northeast Quarter (NE 4) of Section 24, Township
<br />10 North, Range 10 West of the 6th P.Fi., and in accretion land
<br />in Section 20, Township 10 North, Range 9 West of the 6th P.M.,
<br />both in Hall County, Nebraska, described as follows: P,eferring
<br />to the northeast corner of said Section 24, said corner also
<br />being the northwest con»er of said Section 20; t.".once xesterly
<br />on the North line of the Northeast Quarter of the Northeast
<br />Quarter of said Section 24, a distance of 64.0 feet to the
<br />point of beginning; thence continuing westerly on said North
<br />line a distance of 48.0 feet thence southerly 89 degrees
<br />O1 minutes left a distance of 449.5 feet to a point on the
<br />southerly property line; thence northeasterly 133 degrees 45
<br />minutes left and on said southerly property line a distance of
<br />106.7 feet; thence continuing northeasterly 26 degrees 49
<br />minutes left and on said southerly property line a distance
<br />of 95.3 feet; thence continuing northeasterly 14 degrees 09
<br />sisiniites right and vn maid soiitherT_y property line a distance
<br />of 169.2 feet; thence northerly 34 degrees 14 minutes left
<br />a distance of 40.3 feet to a point on the northerly property
<br />line; thence northwesterly on said northerly property line a
<br />distance of T89.9 feet to the point of beginning,
<br />The intention being to convey hereby an absolute title in fee simple, including
<br />all the nigh':s of ho~~stead and dir.
<br />To have and to hold the premises above described, with ail the appurtenances
<br />thereunto belonging, unto the said mortgagee and to its assigns forever; pro-
<br />vided, that whereas the mortgagors herein are guarantors for a Promissory Note of
<br />even date hereof from Bosselman, Inc., a Nebraska Corporation, as maker of said
<br />Hate, wherein the mortgagee herein is the payee in said Promissory Note, and
<br />WHEREAS, the msrtgagee`s herein are parties to a tri-party agreement executed by
<br />mortgagors herein; by the mortgagee herein and by said Bosselman, Inc., and
<br />WHEREAS, this mortgage is security for performance of all of the terms and con-
<br />ditions of said Promissory Nate and said tri-party agreement,
<br />NOW, THEREFORE, these presents are upon the express condition that if the said
<br />Bosselman, Inc. shall pay or cause to be paid to the said mortgagee or its assigns
<br />the principal sum of Eight Hundred Thousand Ooliars {$SOO,OOO,OO} payable in accord-
<br />ance with the terms and conditions of the Promissory Note of said Bosselman, Inc.
<br />of even date hereof payable to the order of said mortgagee, with interest according
<br />to the tenure and effect of the written Promissory Note of said Bosselman, Inc.
<br />bearing even-date with these presents and shall pay all taxes-and assess2r~nt~ levies
<br />e+pon said real- est?te, and ail other taxes, levies and assessments levied upon this s
<br />:°t~ or the note which t!; `;s ;rtortgage i5 given tc secure, tsefare the sate. becomes. ''
<br />delinquent, and keep the iti+prokements an safd premises insured as provided in the
<br />tri-patty age~it referred t~? above, then- these presents to. be void; otherwise to
<br />be and remain ih fu11'foree and effect.
<br />IT IS FUttTHER AfiRE,ED that if said Bosselman, Inc. or mortgagors herein shall fail
<br />to pay taxes or procure insurance on the improvements, as required by the terms {
<br />of the trigparty agreement of-:the-parties hereto oi' even date herewith, that the
<br />said mortga°gee, or its assisjsrs, may pay such taxes and procure such insurance; and
<br />the-sum so advanced with ir,'terest as provided in the tri-party agreement referred
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