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53 A--R ERI ESTATE RtOiR~,TGAGE--With Tax Clause (Revised 1962} - ~ The Itu.Smu Ce~rat Supply Houea, L"saota, Nebr ~~~
<br />v A f~i~.a7~ ~__._-..`.__~
<br />KiVOW ALL 1v1EN BY THESE PRESENTS: TIiAT Duane L. Strough
<br />(Mortgagor 1
<br />of ga jl Cauaty, and State of Nebraska , in cYmsideration of the sum of
<br />Sixty Five Thousand and no/100 -----------------------------------------BOLLARs
<br />in hang paid, da hereby SELL and CONtrEY unto Commercial National Bank & Trust Go.
<br />{Mortgagee )
<br />of Hall County, and State of Nebraska the fatlowing described remises
<br />situated in Hall County. ana State of Nebraska to-wit: Lot Four {4},
<br />Commonwealth Business Park Third Subdivision, an addition to the City of Grand
<br />Island, Ball County, Nebraska, subject to easements, restrictions, rights of way and
<br />agreements of record, and subject to zoning laws.
<br />In the event the title to said real estate is transferred, or contracted to be transferr<
<br />from the underlaid for any reason or by any method whatsoever, the entire principal
<br />and accrued interest shall at once become due and payable at the holder hereof.
<br />r allure to exercise this option because of transfer of title as above stated in one in-
<br />stance shall not constitute a waiver of the right to exercise the same in the event of
<br />any subsequent transfer,
<br />The intention being to convey hereby an absolute title in fee simple including ati the rights of homestead and dower.
<br />TO HAVE ANB TO HOLB fhe premises above described, with all the appurtenances thereunto belonging unto the
<br />said mortgagee and to 1tS heirs and assigns, forever, pravidtul ai.vays, and these presents are upon the ezprete.
<br />condition that it the aforesaid mortgag.r their heirs, execut_~rs, administratr:rs or assigns shalt pay ar reuse to be
<br />paid to the said mort, agee LtS heirs, executors. administrators <,r assigns: the sum of SL%ty Five Thousand
<br />and nU/10© ----------------------------------°----------°I1io11ats.Payable asfallows,to-wit:
<br />E igiit Hundred FiFiy and no / 10$allars an the i 1 th say of dune Is 79
<br />and on the 11th day of each ?.,~;~~~ day of , I8
<br />month theraaftar applying ~ St ~acxe;c day :,: 19
<br />to interest balance to principai{~.,~ day of , Is
<br />until paid in full. ;Y~re4~4aYx da~• of , Is
<br />with interest thereon at 11 • Q per cent per annum, payable IYIUnthly ~j~a11 acecrding to the tenor and effect of
<br />a certain Promi~ory noted or Hates of said Duane L. Strough as such note or notes may be
<br />modified or extended in writing from time to time,
<br />hearing even date with these presents, and shall pay ail taxes and assessments le»ed upon said rest estate, ana all other taxes,
<br />levies and assessments levied upon this maYgage or the Hate which this mortgage is given to secure, before the same becomes
<br />delinquent. and keep the buildings on acid premises insured for the scm of S nJa loss, if anp, papable to
<br />the said mortgagee, then These presents to be void, otherwise to be and remain in full force-
<br />IT IS FURTHER AGREED (I} That if the said mortgagor shall fail to pay such fazes or procure sash insurance, the
<br />said mortgagee may pay such taxes and procure such insurance; and the sum so advanced, with interest et 11. Qrer Beat
<br />shall be paid by said mortgagor, and this mortgage shalt stand as secvr"ate for the same. (2j That a failure to pay any of said
<br />money, either principal or interest when the same becomes due, or a failure to comply with any of the foregoing agreements,
<br />shalt cause the whole sum of money herein secured to became due and collectible at once et the option of the mortgagee.
<br />Signed this 12th day of i43areh is 79 -
<br />i
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<br />In presence of
<br />ff~ / t
<br />_~._at-,~~ _...._.-..r - .....ice _ --,._.-~
<br />
<br />STATE OF.._-Nebraska...--------..-.._..._...... County of....-_Iiall
<br />Before ma, a no#ary public qualified for said county, personally came Duane L. Strough
<br />known to me to be the identical'person ar persona ~a4as~tedi the foregoing ;natnmeat and acknowledged the ezecutioa
<br />thereof to fie hie; her ar their voluniary4r.€~and de~~.; 1y,,~ - j/fj /
<br />Viiitaesa my hand and notarial aeal'on ry/13P,tfVe+- -- - ----... .7g---
<br />MF aammi+ksicn ezpirea:_ . ~.~.,.t.~`.. I9.Y~"i9@t ''~ ..f.6s..S.,,~-r<::~~C .............Notary Public.
<br />STATE pF ___..._..._ ................. Entered on numeafcal irides and filed for record
<br />ss
<br />Courity .-.__.._,...-......._:__-.....-_....-..,.--.----_----.....-....... - in the Register of I3eeda office of said County the
<br />-...---.._.•°--_.day oE- ................°---..,...--°•- ---°--°~ I~-°-----...., at.-...---------......._...-...o'clcek and..-..-...............-.......minutes .._....._.--.......M.,
<br />cod recorded in Book..._........-~°--° °----°.-........of-......._.------...-°---•-........at page....._..._.......-_....._......- - - ..
<br />of 7)eeda
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