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5S-A-REAL ESTATE MORTGAGE {Corp.)-With Tax Clause (Revised 1962) The HaPmao Geaersl Supply Howe, Lincoln, Nebr. i _ __
<br />KNOW ALL MEN BY THESE PRESENTS: That Regency Construction, Inc.
<br />a corporation organized and existing under and by virtue of the laws of the State of Nebraska in 3
<br />consideration of theaumof Fifty 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 />in Hall County, and state of Nebraska , to-wit: Lot
<br />Eighteen (18} in Imperial Village Eighth Subdivision, City of Grand Island, Hall County
<br />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 />Rholder hereof. Failure to exercise this option becaase 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. j
<br />i
<br />I
<br />i
<br />The intention being to convey hereby as absolute title in fee simple.
<br />.., r..-..z ++a.~. av ::vu,~, use y cm,scs awvZ u s..riued, w,u sit the appiiri(nances ihereuntb beiongutg uncD t'[le 9ald
<br />Commercial National BanK & Trust Co. , Grand Island, Nebraska
<br />and to !tS heirs and assigns forever, provided always, and these presents are upon the ezpzess conditiaa that if the
<br />Said Regency Construction, Inc.
<br />or assigns shelf pay or cause to be paid to the said Commercial Natioaai Bank & Trust Co. , Grand Isla)
<br />Nebraska,
<br />heirs, exectrtors, administrators or assigns, the sum of Fifty Thousand and no(100 --------Dollars, payable78f
<br />x;6Rdf~ifxxXXxxx~]fl7c~acX7txXxx xxx,y,7~REX
<br />~~faxXxxxxxx~xxxxxxxxxXX
<br />;~R~LXXXXXXX3(~yX]~LY XX X Y XTX][XX,][x
<br />~YAZfgbOClbEXXXSLXSCaL~Si~}e$XX.v.XXX}CXYYYXY~7rar
<br />?~XXXXXXXQIXxXXXXxXYXXYXSYXX
<br />with interest thereon ]r>ltXxxxx ,Payable Xaccording to the tenor and effect
<br />of the ptomissorY note or idQN6lt1X notes of said Regency Constr~
<br />In ~tg d 5/il/_79 or as such note or notes may be from ±ime to time modified, renewer
<br />~' nt~t$ 4f~e presents and shat! pay all fazes and assessments levied upon said real estate and all other razes,
<br />levies and axes®enta levied upon this mortgage or the note which this mortgage is given to sec;re, before the servo becomes
<br />delinquent, and keep the buildings on said prwn:aaa insured for the sum of E ~~, Off). 0~ ,loss, if anY. payable to the
<br />said mortgagee, then these preseata to be void, otherwise to x and remain is full fora.
<br />IT IS FURTHER AGREED, (1) That if the said mortgagor shall fail to pay such fazes or procure such insurance, the
<br />Said mortgagee maY Pay such Lazes and Pronrre such inm,rnnce; and the sum so advanced. wish inLrest at i2. 0 pet
<br />cea! shaft be zepaid by said nmrtgagor, and this mortgage shall stand as security for same. (2) That a fa$are to pay say of
<br />said money, either principal or interest when the same become due, or a failure to comply with say of the foregoing agree-
<br />rnmts. shell cause the whole sum of money herein secured to become due and cellectible at once at the option of the mortgages.
<br />IN WITNESS WHEREOF, the said
<br />has hereunto caused its corpo seal to aftized and ihese presents to be signed by its
<br />this l i th M , is 79
<br />and deli of
<br />Regency Constructio Inc.
<br />---- ---- - -- - - - -_ __ _ R ~ I_.s. _ ~'.~~~ ~ c1 ~ li
<br />Nebraska ,~ `'~v"~- - ~
<br />STATE OF ---------.__._---- - --- --- ---- - - ... County of _ - - H---- -~-- -- - ~ -----°--..... ---- - ._..-...:
<br />Before me, a notary public qualified in said county, personalty came Roger Luft, and Stanley B. Garris,
<br />".'6ecretar Treasurer and mice Preaidentof
<br />E~egettcy Construe#ioa,'-Ins.. , a corporetion
<br />lopge?a Gr me to be the prasideat idea - rson who s' cd the foregoing instrument, and acknowledged the ezecictian
<br />t5argaf to be hiu voluntary ack. ae st~H;~ine voluntary.,,~t and deed of said corporation and that ita cor-
<br />porate seed was tbereW af8zact * autho~ - ~! ~ . \
<br />YPit#~sa mY hand sad ~ ' oa..6~ __ ..............::. y...:.................:...._.:~..._ ...., Is.~ g./..
<br />My aoiaesisaoa exPtres,. ,.. .-..-..-~A.'s_. RB!l.~L1R~- ..,.~~.yy..__i~~.SCLc.~>4::~....Noiary Public.
<br />STItT$ C-F_.____:._-..,...,...........~___...,__..._._-°, l Entered on numerical index and filed for record
<br />. } ss.
<br />Cemtty .,...-.__...._......_........-.._.......,,.....,..._...---,-_._) is the Repster of Deeds Office of said County the
<br />..._.._....._.-_...d~r ~.._....._.._-.-_...._°_-_....,_,_... Y9__--........ at...___...........:_.........o'dock and..._-.__......_-.._....-.minutes ......................M.,
<br />laid Teootded in Hook ..................._...._...._._...of._._.____._...__._......._.at PeCe........._..................--..-.---...
<br />..........._..._.........__........---~---.-.._..._ ................. _.....Ree. of Deeds
<br />By_.....,..._...._......_ ............................................ _......_........Denuty
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