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<br />' S3-A-REAL ESTATE MORTGAGE-riYith Taz Clau;;e (Reviszd 1352) 'iLe Hultman Generei Supply House, Y.iacoln, YSebr.
<br />70~, ,_,~4-[3Kf
<br />KNOW ALL MEN BY THESE PRESENTS: THAT Duane L. Strough
<br />(,Mortgagor )
<br />of Hall County, and State of Nebraska , in conside*atian of the sum of
<br />Twenty Four Thousand Four Hundred Forty Six and 62/100 ---------------COLLARS
<br />in hand paid, do hereby SELL and CONVEY unto Commercial National Bank & Trust Go.
<br />(Mortgagee )
<br />of Hall County, ana state of Nebraska the following described prer:~:R;
<br />situated in Hall County, and state of Nebraska t~-wit: Lot Four (4),
<br />Commonwealth Business Park Third Subdivision, an addition to the City of Grand
<br />Island, Hall County, Nebraska, subject to easements, restrictions, rights of way ac
<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 trans-
<br />ferred, from the underlaid for any reason or by any method whatsoever, the entire
<br />principal sum and accrued interest shall at once become due and payable at the
<br />balder hereof. Failure to exercise this option because of transfer of title as above
<br />stated in one instance shall not constitute a waiver of the right to exercise the same
<br />in the event of any subsequent transfer.
<br />The infentian being to convey hereby an absolute title in fee simple including ail the rights of homestead and dower.
<br />TO HAVE AND TO HOLD the premises above described, with all the appurtenances thereunto hekrngirtg unto the
<br />said mortgagee and to lt8 heirs and asoigru, forever, prrcided always. and these presents are upon the express
<br />condition that if the aforesaid mortgagor S . the lr heirs, executors, administrators ar assigns shall pay or cause to be
<br />paid to the said mot(, ages Its heirs, executers, adminisfratars or assigns, the sum of Twenty Four Thoa-
<br />sand Four Hundred Forty Six and 62/100 -------------------d3allars,)pttam(hlg~rtaAt
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<br />with interest thereon at 11.0 per cent per annum, payable all according to the tenor and e$eet of
<br />a certain promissory Hate%P~'ait~atosDua ne L. Strough as such note or pates may be modified or
<br />extended in writing from time to time,
<br />bearing even date with these presents, and shall pay all taxes and assessments levied ::pop said real estate, and all other Lases,
<br />levies and a~meats levied upon this mortgage or the note which this mortgage is elves to secure, before the same becomes
<br />delinquent, and keep the buildings on said premises insured far the Burr of 4 n/a loss, if any, payable to
<br />the said nerrtgagee, then these presenrs to be void. ot'trerwise to be and remain in €rrll force.
<br />IT IS FURTHER AGREED (I} That if the said mortgagor shalt fail to pay such tales or procure such insurance, the
<br />said tr3origagee may pay such taxes and procure such insarance: ape'. the stun sa advanced, wish interest at 11 . © per rent
<br />shalt be paw by said mortgagor, and this mortgage shall stand as securin° for the same. (3) 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 />slsaii •_ausr: the whale sum of money herein secured to become due and colteetible at once at the option of the mortgagee.
<br />Signed this 12th day of ivIarch ig 79
<br />In press of _
<br />,~jf. - - ....-..__ . .................................._...
<br />***~~~
<br />STATE OF-.._1V~~?F..a.Sk2..........._......_-..__ ---.... County cf. _. ~I311
<br />Before cox., & notary public qustified for said county, personally carne Dllane L. StrOUgh
<br />known to me to be the identirai tsoa or try ~ stgned the foregoing instrument and acknowledged 4he ezetutioa
<br />thereof to be Iris. bar or their v ry aced Nt~ r
<br />_ 1RYitnese toy hand and n ~ { on_..Slaie. .• ch ~12
<br />..,. ~.
<br />. ~;, My Ccmr~ui.. ~ ,....
<br />rM,.y tvtnmrstaon ezprzre:.- .................:....._...---------.Acr~f3a~+"~~
<br />Public,
<br />STATE OF........._......,......_.----....:_.__.,_..---._...._.,,--- - j Entered on numerical index and Sled for record
<br />. 1} se
<br />Corrnty ....._.,...._...........~.._____ .............._.-_..........-•--- w the Register of Deeds Office of said County the
<br />.....---~°---°----...day of ..............._......°-°--_-- ---°- --.y 1$......._..., at..................-_......_..o'clock sad...._.........__._...._....minutes _._.................M.,
<br />and recorded fa Book ..................._..._...__.......__.of.-.-........._....._.-.._.........at page.--..----..._.......----...
<br />-..Reg. of Deeds
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