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62%r-SECONO REAL ESTATE MORTGAGE-With Tax Clauaa The Rottman General Supply Flonna, Lincoln. Nebr.
<br />79~ E)~,1 ~.~~ KN09V AT•T, MELT BY THESE PRESEr~TS:
<br />THAT I or t3/E, Larry G. Link and Marcia K. Link, Husband and Wife,
<br />of wall County earl State of Nebraska , in eonsideraY.' ~f-the sunx ~ .1
<br />Ttrentq-nine Thousand Eight Hundred Forip and 53f100 ($24,1340.53)-•------ DOLLARS
<br />in hand paid, do hereby SELL and CONVEY onto
<br />Theodore L. Stave and Kathleen J. Staves, Husband and Wife, , (mortgagee},
<br />of hall County, artd State of Nebraska , the: following described premises
<br />situated in Hall Cquniy, and Slate of Nebraska to-xRt~
<br />Lot Five (5) in Ravenwood Subdivision, being a tract of land comprising
<br />s pact of the South Half of the Southeast Quarter of Sectiaan Thfrteen
<br />(13), Township Eleven (11) North, Rxnge Nine (9) West of the 6th P.M.,
<br />in Ha11 County, Nebraska.
<br />The intention being to convey hereby an absolute title in fee simple including all the rights of homestead and dower,
<br />TO HAVE .AND TO HOLD the premises above described, urith ail tre appurtenances tkeraunto belonging unto
<br />the said mortgagee or mos#gagees and to his, lter ar tkeir heirs and assians, forever, provided always, and these pres-
<br />ents are upon the express condition that if the said mortgagor or mortgagors, his, her or their heirs, executors, adntirt-
<br />istrators or assigns shalt pay or cattle to be paid to the said mortgagees or mortgagees and to his, her or their heirs, ex-
<br />ecuters, administrators or assigns, the sure of
<br />Twenty-nine Thousand Eight Hundred Forty and 53/100 Dolinrs, payable as follows, to-utt:
<br />Bus and pagable March I7, 2974.
<br />March 17, 1479
<br />with interest thereon at xxSFtper cant par annum, payable/xtctocaxxx tcaz9tnmotD§, according to the tenor and effect of.
<br />their promissory note :with interest coupons attached of said ?lortgagors, bearing even date with these pres-
<br />ents, and shall pay all lases and any interest on, or rrwturing installments of firincipat, due on any prior mortgage and
<br />assessments levied upon said real estates and alt other lases, levies and assessments lezaed upon this mortgage or the
<br />note which this ntort_gage is given to secure, before the same becomes delinquent and keep the buildings on said
<br />premises insured for tke sum $ 77,500. ,loss, if any, payable to such first mortgagees or this mortgagee, or both,
<br />then these presents !re void, otherwise to be and remain in ful! force.
<br />IT IS FURTHER AGREED (r} That if the said mortgagor slaatd fail to pay such taxes and sucla interest on,
<br />or maturing installments of principal, due an any prior mortgage axd procure such tnsuranre, then this mortgagee may
<br />pay such taxes and stack interest on; ar maturing installments of principal, due on aorta prior mortgage vnd procure
<br />such innwanea; and the sum sa advanced u}ish interact at xine per cent skald be paid by said mortgagor, and this mort-
<br />gage shall stand as security for the same. f-} That a failure to pay any of said money, either principal or interest on
<br />this or any prior mortgage, when the same becomes due ar a failure to comply ze+th any of tke foregoing agreements,
<br />shalt carne the avhote aunt of raaney hereon seaured to become due and collectable at once at the option of the mort-
<br />gagee.
<br />IT FS Ft?RTHER AGREED- That said mortgagee, pending faractasure of this mortgage and after decree and
<br />peirtfing stay t.5erevsi or appeal therefrom and pending-sale 3f premises mortgaged, may pay such Saxes and maturing
<br />.interest br maturing irtstaltmertts of principal, on prior mortgages, procure suck insurance and such sums shall- be.
<br />added to tke auuFUnt dace ort decree and upon confirmation of sate by the court ordered taken out of proceeds of sale;
<br />nr_f redeemed during stay, appeal or sale, such amounts shall be coldectad the-same as though ft were a part of suck
<br />decree.
<br />Signed tkis Y '~ dey of ~cs t;.~~1 , t9 7 ~ /~
<br />In Presence of , ~ / ~ . /.' • f
<br />arry G. Lin
<br />i ~~~ ~~
<br />1~"~~~.~L.t,,,..: ~ "'`'Masc'ia K.' Link
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