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53-A-RnEAL ESTATE MORTGAGE-With Tau Clause (Revised 79421 'rn~~ Hudmrn G:neci Supply House, L'sncoin, Nebr.
<br />KNOW ALL h1EN BY THESE PRESENTS: THAT Martin J. Kayl and Wanda A , Kayl, husband
<br />and wife, as joint tenants with right of survivorship, each in their own rights and as
<br />spouse of the other (1•sortgagor 1
<br />cf Hall County, and State of Neb ra Ska ,ire vnsiacratinn of the sum of
<br />Eighty Two Thousand and no/100 ---------------------~--------__________.DpLLARs
<br />in hand pai~, do hereby SELL and CONVEY unu: Commercial National Bank ~ Trust Co.
<br />of ~ ~ri5r~'y +.`~~~>•~~„~•. anti State cf Nebraska ... tc,Il.>w~ing cles'cribcd premises
<br />a`tuated ;n flail -< ~~uefn~, and State uE Z7ebraska t~,.;,t: A rectangular tra
<br />f land in the Southeast Quarter of the Northeast Quarter (SE~NEn'--) of section th irty-thre
<br />33) Township Eleven (11) North, Range Nine (9) West of the 6th P. l'1, , more particular
<br />lescribed as follows: Commencing at an iron pin on the East lint of the Southeast Quart
<br />>f the Northeast Quarter (SE~NE4) above described, which pin is located approximately=
<br />eel North of the Southeast corner of the Southeast Quarter of the Northeast Quarter {SE
<br />If Section Thirty-Three (33), above described, thence in a westerly direction at right at
<br />o a point on the West line of the Southeast Quarter of the Northeast Quarter (SE4NE4) tc
<br />con pin which is located approximately 627 feet North of the Southwest corner of the Sot
<br />)uarter of the Northeast Quarter (SE4NE4)above described, thence in a Northerly direc'
<br />t right angles along the West line of the Southeast Quarter of the Northeast Quarter {SE
<br />Bove described, a distance of 330 feet, thence in an Easterly direction at right angles 1
<br />ilel with the South line of the Southeast Quarter of the Northeast Quarter (SE.t-ttNE,t-~), abc
<br />escribed to the East line of said Southeast Quarter of the Northeast Quarter (SE4NE¢) s
<br />escribed, thence in a Southerly direction at right angles, a distance of 330 feet to the p
<br />f beginning, containing 10 acres, a little more or Less.
<br />7
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<br />The in[antion being w rnme> her<-M~ ar, b^<dutr t,;l`~ is f~: pimple includin all the right of hnmesa~ad and dower.
<br />TO HAi'E AND T6 HOLli th.- F: .,:;- ,- d<°uribe,l, .~~ith ail the appu rtenanms thereunto belonging unto ti'[e
<br />said mortgagor and to 1tS belt and as>tens. Inrece r, praaided al>racs, and these pre!:ents are upon the express 11
<br />(j condition that it the afo: esa;d mc.rtgae:,r th21r heirs, ez~.utors, administrators or assigns shall pay or cause to be i
<br />paid to the said wort; tiger _ _-It S- heirs. ez~ru[~~rs, administrator<_ or assigns, the sum of Eighty TWO ThOllS8R~
<br />~nd no/100 '--------- -------------------------'----_-~>uars,payableYY4Di{O~ftStOi3gdCC }
<br />I X~*X~Y+~'ffi5€XX_l"XXXXXXi~tCfxxxxxgXXXx?CX:CXXXXXXXX~I-8 I
<br />x \i8:!~1F56kY~\XXXXXXXX.IEX~CIttXXXXXXXXXXX.l'XXXXXXXXX.YY'IIl~f
<br />~X~F7i:iiX>h~XXXXXXXXX~,}L]titLXXXXXX!sXXXX3fXXXXXXXXX)L~
<br />~X[ai$[YXXXXXXXXX$a(XdEX.YXXXXXXXXXXX XXXXXXXXx}~$ 4
<br />Ag~JI' p[}fJbkX$aX7IXXXXXXX78Xi3C~XXXXXXXXXBXXXXXXXXXXX,X2~C I~
<br />t with interest ihereon]BZXXxXXXjQlN~X payable `
<br />all according to the tenor and e$ect of
<br />acertain picmicsory note di7cAt3 Or notes of said Martin J. Kayl and Wanda A. Kayl dated 6J29/7
<br />~Or as such note or notes may be from tine to time modified, renewed or extended in wri ing,
<br />- bearing even date with these p_rezents, and shall pay all tazc~s and assessments laded upon said rear estate, and all ether fazes,
<br />- }ev'ies and asses_aaenis le.-ied uFw r, this mortgage o: the note x•hich this moY.gage is giten to secure, Lre:.•re the same betromea {
<br />}~ i'3eliaGaent, and keen the huildin~s nn said premises insured fear the sum oI c $2, OOO. OO ...mss, iF any, payable to i
<br />- Ylx said 't9n irtGagre, then these gresenU ir. ha >~oid, otherwise ;n be and ra;nain in full force.
<br />IT IS FLiIiTI3IsR-AGREED t11 Tha[ if the said moriga gor =_hali fail [n pay such lazes nr procure such insurance, the
<br />said mortgagee mYy pay such taxes and procure such insurance; and Lhe sum sn advancxl. with interest ai 1 O. 7Jper cent
<br />- --_~ shall be paid by sa'Td mortgagor. and this mortgage shall stand as senuu~~ for the same. 1'-'t That a failure Ln gay any of said 1
<br />tncu;ey, either griacipal nr interest when the lama t,eco, Ire da e, car a faifure to rnmply u~..:^. a^.y of Lhe fora~gc~:ng agrermentg ;
<br />shad cause the w~hule sum of m-nr:ry- h<rem .;cr~-red to >~.me de:a and rn{tca:tible at once at [hr option of the rz-,ortgngee.
<br />signed this 29th des ~I Juae 19 79 ,~
<br />i ;. -;'
<br />t In presence f :~~ ~:.-._..- t -. c~.r, ~..,-___.._._
<br />_... _.._.. I
<br />i ~ ' tilartln J. K.ay~l
<br />~ {.
<br />~ 4randa A. Kavl )
<br />srttT~ o!•_.--.iYebr-axka. c~•~nt~: c,f hall
<br />Before me, a notary pttllic guaIified for said cxtaty. personally cage &13rtin J. Kayi and Wanda A . Kayl
<br />known to me ~ be the identical pen[on er persons who signed the foregoing instmment and acknowtedgcd the execution
<br />ihemof tQ be his, her or theft wluatary aM and deed. .~
<br />1V34reas y ;rand sgaj oa June 29 ~• 79
<br />Iay .~! ._ ~~'!}~".,, ~,...., 19 d ~ ~ },--c-C~-.r r , 4~r'~-.ti..ct.2ra .c~.l~~--~--.._..Notary Public. ~':
<br />- I
<br />Lf~e"'event the title to said real esta#e is transferred, or contracted to be transferred,`
<br />t-rom the undersaid for any reason or by any method whatsoever, the entire principal sum acid ,
<br />accrued interest shalt at once become due and payable at the election of the holder hereof. t
<br />Failure to exercise this option because of transfer of title as above stated in one instance
<br />snail not cons#%#ute a waiver of the right to exercise the same in the event of any subsequent
<br />transfer.
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