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<br />52-A-REAL ESTATE MORTGAGE-(With Tax Clause) Rov. 7t3
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<br />Hutlman and Felton 8 Wolf. Walton, Ne. 68461 ~
<br />KNOW ALL MEN BY THESE PRESENTS: That Grand Island School of $usiness, Inc.,
<br />a corporation
<br />of Hall County, and State of Nebraska , in consideration of the sum o[
<br />THIRTY THOUSAND AND NO/100------------------------------------------------------DOLLARS
<br />in hand paid, do hereby SELL and CONVEY unto The First National Bank of Graad Island,
<br />' of Hall County, State nt Aebraska the following described premises situated
<br />- in Hall County, and State of Nebraska , to-wit:
<br />Lot Four (4} in Block Eighty-Three (83) in the Original
<br />Town, now City of Grand Island, Hall County, Sebraska.
<br />' The intention being to cam•ey hereby an atwlute ti tlr in (ee simple, including all the rights of homestead and dower.
<br />' TO HAt`E A\D "I'C) HOLD the premise: atxrve descrilxi, with all the appurt_nances thereunto belonging, unto the said
<br />~~ mortgageefs) and to his, her a: their heirs and assigns fore.er, prorid Yt always, and these presents are upon the ezpress
<br />amdition that if the said mortgager(s 1. his, he•r er their heirs, ext-ut!>rs, administrators or assigns shall pay or cause to be
<br />~, paid to the said mortgagee(s), his, her or their beers, execu=ors, adtumistrators or assigns, the principal suer of $ 30, 000.00
<br />payable as foltaws, to wit:
<br />$30,000.00 principal pavmert, plus accrued interest, due
<br />and payable on the 10th day of Deceaber, 1979.
<br />xiLt: interest atxvrding in the tenor and effect of the moat-agors written promi_:wry nafe bearing et'en date with these presents
<br />anti snail pay a!! taxes and asvecmentc levied upon said real rs rata, and all ather taxes. Levies and assessments Levied upon this
<br />rnartgage or the nnie which this morigage is given *,o sre-u re, before the same betnmes delinquent, sod keep the buildings on
<br />saw prrsnises insuced far the sum of 3 30, OOO.Oi ,lass, it any. pavsble to the said mortgagee, then these Presents
<br />to 1>n vaid, oi_>k n,.:~, t+• 1>Y and remain m full fun -
<br />IT IS FURTHER AGREED ill That if the said mer-t,..a gee shall fail to pay such razes or procure ach insurance, the
<br />said martgagee may pay 'such razes and prcrrre such insurance; and the sum so advanced, with interest a[ 1~% per
<br />mot, snail x repay b~~ satd mortgagar, and this mortgage shat stand as sxurity for the same. !?j That a failure to pay any
<br />of said money, either principal or interest, when the sarae brv~ames due, or s failure to tompiy with any of the foregoing
<br />ee,iFemanrs, shat! cause the uha.le sum z=f money herein serer-ed to t>zssne due and mllettible at ante s± the option of '.he
<br />•'lSigrted ibis lltii day c•f Sune 19 79
<br />In preseri~• of GR~\D ISL4.\D S'GHt~~OF BLSINES5, I1C.
<br />r - _ -_ ._ _ _ _ ___ _._....
<br />'~ ( t
<br />E. T. Pla zek, Presid t
<br />_..._.
<br />~~~ OF . , , .Nebraska .. - Hal l
<br />_..Count~cl ... - __ .............
<br />Ttte ftirc-doing instrument x•as aci:nott,elz;cd heiare me ..~une 11 ..1974...
<br />}rF E. T. Placzekr President of Grand Island School of Business, Inc.,
<br />a Nebraska Corporation, on beha'_f of r_h..;y~rp~ltion.
<br />~~~~~~ gttattln of n T ~ g Acknowledgment
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<br />>4,~~~ Notary Public
<br />fiitle
<br />STA1'£ OF__'------------_--_----_---- t Entered on nurrrerica3 iradez and fii~l for record
<br />County __ -_-°-..._____..-`._--._..- _.. ! ~ is the Register of Deeds O15ce of said County the
<br />~,~._.:--"__..daY of_----------~---°---------.~ I~-----._.. at.....-.._.._---._..__.._-0clock and--.._.....----._.-`--..minutes ---._.-_----Ai-,
<br />and trACOrded is Book..-_.°.----_.._._.___._.__.ot.._.._.. _.__.-`-_--..__.._at page___...._--.---_---.._._....._..
<br />,I -...--.._.__----._...__-.-`.-.-----___._..._.._.---._.Reg. of Deeds f
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<br />~. By.._.._- _._.___._ ............._..... _.__.._...___... ....._ -__. ._._Deputy
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