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ESTATiE" MOA?CiAf3E-(With Tntc Clsvss) Nufiman and Felton & Wolf, Walton, Ne. 68461
<br />7'9-
<br />KNOLV ALL &IEN BY THESE PRESENTS: That James C. & Sharon K. Lantis
<br />of Nall County, and State of Nebraska , in consideration of the sum of
<br />Twenty Five Thousand and No/100------------------------------------------------DOLLARS
<br />in hand paid, do hereby SELL and CONVEY unto Grand Island Production Credit Association
<br />of Hall County, State of Nebraska the following described premises situated
<br />in Hall County, and State of Nebraska , to-wit:
<br />Part of-the Northeast Quarter (NE4) of Section Fourteen (i4), Township Eleven (11),
<br />North, Range 12, West of the fith P.M., Hall County, Nebraska, described as follows:
<br />Beginning at a point on the North line of said Northeast Quarter said point being
<br />315 Feet West of the Northeast corner of said Northeast Quarter, thence running
<br />Westerly along the North line of said Northeast Quarter, a distance of 562 Feet;
<br />thence deflecting left 90022' and running Southeasterly a distance of 497 feet;
<br />thence deflecting left 89°38' and running Easterly a distance of 535.8 Feet, thence
<br />deflecting left 87020'30" and running Northeasterly a distance of 497.53 Feet to
<br />the point of beginning and containing 6.263 acres, more or less of which 0.425
<br />acres more or less is occupied by County Road right of way.
<br />The taertaaae debt aS shgwn Stands aS t~gllatera7 Security fgr certain note nr nntec
<br />described in a collateral agreement of even date signed by the mortgagor. The mortgage
<br />debt may be accelerated at the option of the mortgagee upon the default or non-payment
<br />of notes, renewals or extensions provided for in said collateral agreement, ar~d the
<br />mortgagee may in such event proceed to exercise any rights it may have hereunder the
<br />satl~ as a default in any other obligation or covenant contained in this mortgage.
<br />The intention being to convty hereby an absolute title in fee simple, including all the rigkis of komestead and dower.
<br />TO HAi~E AND TO HOLD the prensissr above descn7frd, with aU the appurtenances thereunto belonging,
<br />unto the sad mortgageetsj and to his, her or their heirs and assigns forever, provided always, and these presents ors
<br />upo+a the espress condition that if the said mortgagor(sj, his her or their heirs, executors, admini,ttrators or assigns
<br />shall pay or cause to be paid to the said rnortgagea(s), bin, htr or their heirs, executors, adn~strators or assigns, the
<br />priuecipai sum of $ 25,000.00 pnyabk as follows, to udt: -Ray 15, 1984.
<br />mith interest according to the tenor and effect of the mortgagors written pro,xissory note bearing even date with !Hera
<br />presents and shaft pay all Lases and assessments levied upon said real estate, and all other lases, levies and assessments
<br />levied rpan this mortgagt or the volt whuh this martgagt is given to secwe, before the same becomes drlingrseet, and
<br />keep the btdlditega on sad premises ixnrrrd for the sum of $ ___ doss, if any, payable to the said
<br />~rt~re ; thsst presrnta to bs crid, athrs~:+ise to bs and ft+na~n aA fxll force.
<br />IT IS FURTHER AGREED (r) That if She said mortgagor shat( foil to pay such tales or procure such in-
<br />swatets, the said mortgages mey poy such taws and proeurt such tinsurancr; and the sum so adtnnced, with intereat
<br />at --.. per trot, shall be repaid by said mortgagor, and Chia mortgage shall stand as seewity for the same.
<br />{sJ Thad a fahvs w pay emgr of said money, tither principal or interest, mhett the same brtomes dw, or a ftrilure to
<br />conapty mitre-tray of tits foregoing agrsetnrnta, shall cause the tvkok sane of money herein ntwred to becotnt due and
<br />ca~eca'bis at ones at the option of the mortgAagse.
<br />_ .~
<br />Steed this 23rd day. ,~ May ry 7 ~ ~~~' `'
<br />In }reaetets of ~_ ~,.v~-a- ...u~-'.`..~.------'•.-...-....-.
<br />--~..._. _~jj` -~f
<br />Jame C. Lantis
<br />---~ .~-~.~-~~,_ n . cam.,, -~ ;
<br />aeon K. Lantis
<br />
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