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<br />58-A--RE14t. EBTJVTE MQRTGA6E (Carp.)-'Ntith lax Glause (Rlvistd i9E2} 'Ib,r H,~ Ce~st Svypty Haaee, I.iaeotn. ~.
<br />I KNOW ALL MEN f'sY THESE PRESENTS: That Lofgreen £z DeFreece Builders, Inc.
<br />~a corporation organized and existing under and by virtue of the taws of the State of Nebraska is
<br />coxrsiderationofthesumof Forty Four Thousand and no/100 ------------------------DOLLARS
<br />in hand paid does hereby SELL and CONVEY unto Commercial National Bank & Trust Co.
<br />of Hall County, state of Nebraska the following described premises situated
<br />is Haii County, and state of NebraSlSa , to-wit: Lots One
<br />(1), two {2), Three (3}, Four {4), Five (5) and Six (u) all in Dickey Sixty Subdivision,
<br />Grand Island, Hall County, Nebraska.
<br />In *.he event the title to said real estate is transferred, or contracted to be transferred
<br />from the undersigned for any reason or by shy 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 constitute a waiver of the right to exercise the same in
<br />the event of any subsequent transfer.
<br />The intention being to mnvey 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.
<br />and to itg heirs and assigns Iarever, provided always, and iheae presents are upon the express rnaditioa 4hat if the
<br />said Lofgreen &DeFreece Builders, Inc.
<br />or assigns shall pay or cause to be paid to the said Commercial National Bank & Trust Co.
<br />heirs, executors, administrators or assigns, the sum of Forty Four Thousand and no / 100 ---Dollars, payable as
<br />fellows, to-wit: _
<br />Interest payable semi-annually with the i~L say o€ , is
<br />principal amount due in full on July 31, ~X day of , 29
<br />1979. ~X day of , 19
<br />Dollars on the day of , 29
<br />Ibllars on the dsy of 19
<br />with interest thereon at 11 , 9 per cent per annum, payable semi- snaualtY. a«xtrding to the tenor and eRect
<br />of the promissory note or xBite~lte~tacsoaen¢atettlll~niuY]6idat notes of Lofgreen &DeFreece
<br />~ders, Inc. as such note or notes may be modified or extended in writing from time
<br />. ~ and shall pay aR taxes and assessments Ievied upon said real estate end aI2 other taxes,
<br />levies sad assessments levied upon this mortgage or the note which this mortgage is given to secure, before setae becoen<m
<br />de2~ueat, end keep the buildings on said premises insured for the sum of $ '~$, 000. QQ ,loss, if any, gay~e to the
<br />said rm+rtaacee, then these Preaeafa to be void, otherwise to 6e and remain is full ford.
<br />1'T I3 F23RTHER AGREED, (2) That if the said mortgagor shall fail to pay such fazes or procure such insurance, tf~
<br />said ~ stay Pgy such taws slid procure such iresuraac~; and the s<ixn sa w}va;#t~+e2, ~-ith ir+ter~t at 11, 0 par
<br />be repaid by said mortgagor; and this mortgage shat! sta~l as rrity fa= sate. ('?# That ~ fsifure to pay say of
<br />sau3 mosey, eithn: principal or interest when the same become due, or a failure to caaply with any of the foregoing agree-
<br />ments, shall reuse the whole sum of money herein secured fo become due and collectible at owe at the option of the mortgagee,
<br />IN WITNESS WHEREOF, the said
<br />has hereunto rBUSed its corporate sea! to be affued and those presents to be signed by its Vice President /Secretor
<br />this 20th dey of April , 19 79 . and President
<br />sealed and delivered ' ~~res_e~nce of
<br />~~J~ ~: ~~~`.~.. Lofgreen & DeFree e Builders c.
<br />n~ ~ .•~ . ~
<br />oc
<br />STATE OF.__:..._~.B.13P.a.Sk2..----•-- ---°- -.........._..., (Jaunty of ..........................::... r'~k.t.....................................:
<br />Before rne, a notary public qualified in said county, personally came V alney D. Lofgreen and Lloyd E. I3e
<br />Vice k'resdene/Seer etary and President of
<br />Lofgreen &DeFreece Builders, Inc. , a wrporation
<br />known to me fo be tire` gtesident and ' eatical p~g_w o st ed tl~e foregping inatvmeat, aril acknowledged the eze~ltioa
<br />thereof to be his voluntary act and. as such ~l~r~a+oinatary act and deed of sand carporatioa attd that its wr-
<br />potato seal was thereto a(Ezed by i thorn }~{Ojh
<br />• ,~
<br />9VItae~s my hand and - .~-~f......~- •- -------°°-----~~-_...-°-°---- -- • 291.....
<br />_.
<br />My wmaiiasion ezpirea.~- ... . - .......-., 2 .. -.-:Its. 19A .._ ._- ~.e~.>~-.~-~ .-°°-Notary Pnt3ic.
<br />`_~
<br />STATE pF .....-.. _..~.._......-...__..._ . j Entered on numerical rode: e~ filed for record
<br />1} se.
<br />..._.-...-.._..- in the Register of Deeds Office of said County the
<br />County ......-....-......._._ ....................:.......__.
<br />........,,.-..._....:,dsry of....._......._..._..-...:....._ .............: 19............, ak:..__............:_.._....-o'doek and..........-.............-.....minutes ----...........---_..M.,
<br />-cad recorded mBook......-_..~.:._..-...-._--....._..:of........-__.-----.-..._..._._-....at Page._........_.._ .................-..._....
<br />of Deeds
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