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<br />58-A-REAL ESTATr.E,pM,O__R. TGAGE (Corp.}-With Tax Glause (Revised 1962} 'tae Huita~az: Geaenl 9uUPly Hoagie, LfncoW, Rebr. I
<br />ICNOLV ALL MEN 8Y THESE PRE5ENT5: That Vdn'g Blectri-r Cmm~any; Tnc.
<br />a corporation organized and existing under and by virtue of the laws of the State of Nebraska in
<br />consideration of the sum of Eighty Thousand and no/100 ------------------------------°--- DOLLARS
<br />in hand paid, does hereby SELL and CONC~Y unto Commercial National Sank [ Trust Co.
<br />°f Hall County. State of Nebraska the following described premises situated
<br />in Hail County, atul State °f Nebraska , to-wit: Lots r^ourtee
<br />14) and Fifteen {15), blehrirg and Gieserhagen Second Subdivision, a replat of Lot Two {2)
<br />ehrina and Giesenhagen Subdivision, Hall County, Nebraska, excepting therefrom a tract of
<br />round more particularly described ir. the deed recorded at Book 156, Page 400 of the deed
<br />ecords of. Hall County, Nebraska.
<br />In the event the title to said real estate is transferred, or contracted to be transferre
<br />from the undersigned for any reason or by any method whatsoever, the entire principal sun
<br />and accrued interest shall at once become due and payable at the election of the holder
<br />hereof. Fialure to exercise this option because of transfer of title as above stated in.
<br />one instance shall not constitute a waiver of the right to exercise the same in the
<br />event of any subsequent transfer.
<br />The intention being to convey hereby sn absolute title in fee simple.
<br />TO HAVE AND TO HOLD the premises above described, with al! the appurtenances thereunto belonging unto the said. ~ ~ _
<br />'Cozmttercial National Bank & Trust Company, Grand Island, Nebraska
<br />~ and to its heirs and assigns forever, provided always, and these presents are upon the express condition that if th.. f
<br />said Van's Electric Company, inc.
<br />or assigns shalt pay or cause to be paid to the said Commercial National Bank & Trust Co. , Grand island, ~
<br />Nebraska i
<br />heirs, executors, administrators or assigns, the sum of Eighty Thousand and no/100 --------- Dollars, payable as
<br />follows. to-wit: Five quarterly payments of Fourteen Thousand Six Hundred Forty Five and- 66f10C
<br />i dollazs payable 6/1/79; 9/1/79; ;,2j1/79; day of , 19
<br />3/1/80 and 6/Ij80; and the sixth gaylrent of day of , I9 F
<br />an amount equal to discharge the remaining day of ,19 1
<br />4 unpaid principal balance plus accrued inter-i~t~mrssittrc day of , 39 $ t
<br />°- gist due x11/80. Dollars oa the day of 19 '
<br />with interest thereon at 11.0 per cent r annum,
<br />S pe payable Quarterly r~ according to the tenor aml effect ~.
<br />- ¢ of the promissory note ar/noty~ ~{ Van's Electric Company, Inc. f
<br />~as such note or notes may be modified or extended in writing £rnm limo to time- ~ ;
<br />bearing even date with these presents and shall gay all taxes and assessments levied upon said real estate and all other taxes, ± ??.
<br />levies and assessments levied uptin this mortgage or the note which this mortgage is given to secure, before the same becomes ~ ',
<br />delinquent, sad keep the buIldings on said premises insared for the sum of $ N/a'~ ,loss, if say, parable to the ~ -
<br />said mortgagee, then these presents to be void, otherwise to be and remain is full force.
<br />~ IT IS FURTHER AGREED, (1) That if the said mor+..gagar shall fail to pay such taxes or procure such insurance, the-~
<br />~- ° said mozt a ee ma p
<br />i g g y pay such taxes and rocure such insurance; and the sum so advanced, with interest at ~1 Q per
<br />i cent shall be repaid by said mortgagor, and this mortgage shall stand as security for same. (2y That a failure to pay any of 1
<br />_~ .said money, either principal or interest when the same become due, or a failure to comply with any of the foregoing agree- -
<br />meats, shall cause the wha3e z.:~ of money herein secured fo hemme due and collectible at once ai the option of the mortgagee. ~ -_
<br />IN WITNESS WHEREOF, the said Van's Electric Company, Inc.
<br />has hereunto caused its rnrporat cal t7o he ;fTrxed and these presents to be signed by its President I
<br />(this 28th of Febru y / 19 7g. '
<br />Signed, ~ and delive in.p nce d
<br />j _. ~ f ._.- _ Van's Electric Company, Inc. ~
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<br />......_...., .. _C./
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<br />~ 6~6iiA ~dii?6615' ~ ~_.___ .
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<br />~ STATE OF-._-Nebraska...----° _ ---- County of-...-...hall.-..-..°.....--... _--'---.--' ; ;-
<br />Before ma, a notary public quali&ed in said county, personally came Glenn Vanosdall --- -
<br />President of
<br />yqon" 5 Elect ~c Compaa~~v Ing. , a corporatroa
<br />?:krrowa tanreta~ the pre'sideiit:and tdentical person who signed the foregoing in_II+++,meat, and acknowledged the ezeeatton 1 -
<br />thareof tri ba his srolnn and deed as such officer sad-the voluntary act and deed of said rnrporatioa and that fts cur i'
<br />~_, po~te~ sea! w~;.t~~ by its authority. - - - t~ i -
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<br />Wxtnr.~iay head and otanal seal as Eebxuar~r_..28 .... -.. - 19_.....79, #
<br />j n,y ^z:+b~wx ez~ ~ `-~~?-- -_:.., I9...~.~.. ~.-c`~'"-'~'`- °"•---._ .- .:......:..:Natery Ptrlr~. 9
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<br />1 SPATE QF..... __ _ ,.... .,__ _-._•-_.--..---_. _ Entered art. numerical -index and-filed for record
<br />+ County} ~ ~ in the Rekrster of Deeds #}ffice of said Coutity the
<br />} ;-._ ....._,:::...daY af::_ _; 19....._ at oclock and: .,_......miautes _._ ...._......_.M s
<br />~ and racan3ad in Hook-
<br />--_.....__ ...............af,..._...., ....................at page.... _...... ..-°-°---°-..°°
<br />t (
<br />:
<br />~ .... Seg. of Deeds
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<br />)3y ..................._. .......Deputy .
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