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<br />58-A-REAL F~S'~~i4SpRTGAGE (Corp.)-With Tax Clause (Revlaed 5962) The Huffman Gcoaral Supply Ha~me, Liumlu, N.br.
<br />KNOW ALL MEN BY THESE PRESENTS: That Argo Development Company, Inc.
<br />a corporation organized and existing under and by virtue of the laws of the State of Nebraska an
<br />consider°atiaaof the sum o€ T~renty Eight Thousand Four Hundred and no/10l) ---------DOLLARS
<br />;n hand paid, does hereby SELL and CONVEY unto Commercial National Bank & Trust Co. ,
<br />of Hall County, State of Nebraska the following described promisee situated
<br />;n Hall County, and state of Nebraska , to-wit: Lot Sixteen
<br />il6i Arga Third Subdivision, Hall County, Nebraska.
<br />in the event the title to said real estate is transferred, or contracted to be transferred
<br />;from the undersigned for any reason or by any method whatsoever, the entire principal
<br />'sum and accrued interest shall at once become due and payable at the election of the
<br />'holder hereof. Failure to exercise this option because of transfer of title as above
<br />'stated in one instance shall not constitu*.e a waiver of the right to exercise the same in
<br />the event of any subsequent transfer.
<br />E The intention being to convey hereby an absolute title in fee simple. -
<br />TO HAVE AND TO HOLD the premises above described, with all the appurtenances thereunto belonging unto the said
<br />Commercial National Bank & Trust Co, Grand island, Nebraska,
<br />and to 1tS heirs and assigns forever, provided always, and these presenffi are upon the ezpresa condition that if the
<br />Sala Argo Development Company, Inc.
<br />or assigns shall pay or Muse to be paid to the said Commercial National Bank & Trust Co.
<br />heirs, executors, administrators or assigns, the sum of Twenty Eight Thousand ~+'(3tir Hundre~llaxs, payable ae
<br />~ follows. to-wit:
<br />Twenty right Thousand Four Hundred------Dollars on the i9fh day of June , 1979
<br />' Dollars on the day of , 19
<br />~ Dollars on the day of - , 19
<br />1
<br />Dollars on the day of 19
<br />_ _ Dollars on tha say of is
<br />u_ with interest thereon at 11 • ~ per cent per anrsum, payable 6 ~ 19 ~ ~$ I~Jfaccordurg to the Lenox and effect
<br />t n£ the promissory note or a~lf~faalmts2x~ldltislr~ixxsiGBX notes of Argo Development
<br />`Company, Inc. as such note or notes may be modified or extended in writing from time
<br />ti?tl+~ bearing even date with these presents and shall gay all taxes and assesmmonts Ieried npaa said real estate and- a!f other fazes,
<br />'~ j levies and assessmenffi levied upon this mortgage ar the note which this mortgage is given to secure, before the same becomes
<br />delinquent, sad keep the buildings on said premises insured for the sum of $ n/a , loss, if any, payable to the
<br />said mortgagee, then these Presents to be void, o£herw-ise to be and remain in full force.
<br />-" j PI` TS FURTHER AGREED, (1) That if the said mortgagor shall fait to pay such fazes or procure such iusurance, the
<br />! said mortgagee may pay such fazes and procure such insurance; and the sum so advanced, with interest at 11. ~ per
<br />~ cent shall be repaid by said mortgagor, and this mortgage shalt stand as security for same. (2) That a failare Lo pay any of
<br />- _i said money, either principal or interest when the same heeome due, os a failure to comply wills any of the forngoing agree-
<br />- j mania, shall cause the whale sum of money herein secured to became due and rnllectible at once at the option of the mortgagee.
<br />i 1N W-ITNESS WHEREOF, the said Argo Development Company, Inc.
<br />' has hereunto caused its corporate seal to be affu and these presents to be signed by its HreS tdent
<br />this 2Is# y of Mar , is 79.
<br />Signed, ae and deliver in nce
<br />_..__......... -- - -_ _- - - A rgo. Development._Compan~'.,....Inc,. .................
<br />. .-
<br />~f ~ /-.
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<br />'STATE oF_-.-Nebraska.-..,-__..........._-------._..._.._, Cannty cf...---_..__._..__Hall ........................................_._..:
<br />Before roe, a notary public qualised in said manly, personally came Oscar G. Mueller,
<br />President of
<br />'. ;Argo Development Company, Inc. > a corporation
<br />lmomi to me to be the prssideat and idea - 1 person siggnned the foregoing inatnunent, and admowledged the ezecution
<br />~ ~ tlsereof W be his voluntary act and deed ch ofHpe~ t11a`i •~iiluntary act and deed of said corporation and that ire onr-
<br />~ porate seal was iheietn affued by its au . , ~,- ~'~(,ci-.A-L ;`:, s ,
<br />€ Witr~ my hand and notarial. `` ....., 19... ~e,...
<br />r__._:_:_. c__.__
<br />My commission- ezpirsa_L;
<br />flxfl
<br />Publia
<br />v
<br />STATE QF.._---_..._._._.--_,.
<br />County ..:....- ..::................_..
<br />and rectarded in Bnok........
<br />1 I;n#ered an rumezical indez and filed for record
<br />17 $s. is the Re '
<br />grater of Reeds Offico of said County the
<br />19 :............ at.:--.._.__...,--:-.----..o'clock and.----°._-..-..°----......minutes ...----------...fry.,
<br />page,.........-°--°-°--°°--_._.--°_..-.
<br />By..._....-° ............................................_.......---....---.........._.._DeautY
<br />_. _ .. I :.
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