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'SB-A-REAL ESTATE MORTGAGE (CorP•)-With Tax Clause (Revised 7962) 'Tlae HuHmsa Gaaarat supply Hosea. I.iroata. Nebr.
<br />I{NOW ALL MEN I3Y THESE PRESENTS: That Mid-Continent Enterprises, Inc,
<br />a rnrporntion organized and existing under and by virtue of the caws of the State of Nebraska ~
<br />mnsidorationofthesumof Forty-five thousand & no/100 ($45,000.00)-------- I~LLARS
<br />in hand paid, does hereby SELL and CONVEY unto
<br />Commercial National Bank & Trust Company
<br />of Hall County, State of Nebraska the following described prentisea situated
<br />in Hall county. and state of Nebraska . to•w;t:
<br />Lot Two (2), Block Seven (7), Unit One
<br />Continental Gardens, An Addition to the
<br />City of Grand Island, Hall County, Nebraska.
<br />In the event the title to said real estate is transferred, or contracted.,
<br />to be transferred, from the underlaid for any reason or by any method
<br />whatsoever, the entire principal sum and accrued interest shall at once '',
<br />become due and payable at the election of the holder hereof. Failure
<br />to exercise this option because of transfer of title as above stated in
<br />one instance shall not constitute a waiver of the right to exercise the
<br />same in the event of any subsequent transfer.
<br />The intention beinr to t'anvey hereby as absolute title in fee simple. i
<br />'TO HAVE AND TO HOLD the premises atwve described, with all the appurtenances thereunto taetanging unto tl~e aaMi ~ -
<br />cnm~ercial National Bank & Trust Company t -
<br />and to 1t6 heirs and assigns forever, provided aiways, and these presents are upon the ezpreas condition that if the j
<br />acid Mid-Continent Enterprises, Inc. {
<br />or assigns shall pay or cause to tae }raid to the said
<br />Commercial National Bank & Trust Company itsl
<br />hoirs, executors, administrators or ensigns, the sum of FOrty-f1Ve thousand S no~100---Dollars, payablt~ {
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<br />#b~Cat xitucatQc xxt~xx
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<br />ri,.,, :...~.-c~, t!te.__^ r- ~-~;!~;~rannuafxPayabte >, according Lo the tacos and effect
<br />of tt e.. p....rrMn~aru note ]!~ ~4 ]alca~dd QX riSues of sa].(i f+1~4•'
<br />Gpntinent,};n~tarpris~sr Ines datedf~a/15 79 or r~s such note or notes may frcun°
<br />t~.t:te to tl.me be mod~faed, eMews~j or s tended n ~1rztinq,
<br />ix:aring even date with thcve proaenta and s~ali pay aTl taxes aretents~eviad upoa aa~ real eriate and all other tatt~w
<br />levier and aaseaamenta levied upon this mortgage ar the nuts. which this mortgage is given k, eecure, before the same becemee j
<br />delinquent, and keep the buildings on said premises insured for the sum of ~~ 5 , p p ©. Q p lam, if anp, payable to t1re ,
<br />said tnortgatee, then these presents to be vnitt, ath~~rwise to be and rnmain in full force
<br />IT IS F[)RTHER AGREE:A, (t) 'Chat it the said mortgagor shall fail to pay such taxer or procure such insurance, the t '
<br />raid rnortgsgee may pay su,~h laxNa anel procure such insurance; end the sum so advanccxi, with interest at .~,~, p prr i -
<br />cwnt shall tea repaid by a:tid mortgarur, and this mortgage sltatl stand as setgirity to same. t2l That a failure to pay at~y of
<br />said mosey, either principal ar interest when the xame twtvme due, ur a failure to comply with any of the foregoing agree-
<br />manta, shall cause the whole sum of money harain aeC4lr:~t to botxuna due and collectible at once at the option of the trrartgettee.
<br />iN WITNESS WI•[liREOF, the said Mid-Continent Enterprises, Inc.
<br />i
<br />ltes hereunto caused its a,rl~rate seal to be affixed and those presents to be aiKned by its President
<br />thin 15th day aE August . to 79 .
<br />Signed,aealed and delivered in presence of '
<br />i
<br />Mid- o t n n nt s Inc
<br />B ..
<br />Yi' "c["12e'"~Ttiri~Ie"robe:"Secy. ~1~ an ~~Ti. pr .. ;
<br />t T'I -. .;r '.
<br />'4'i ,.4' ,County of
<br />~'AT~.,~ ... 1~ebx'aaka _......_Ball._ ....................._ ...........__.
<br />.~ c i~ .~etore ma q eatery public qua-ifiod in said cnuniy, personally same Mllan D. Biah
<br />,r~,, =- f t~ President of
<br />~ sl ~` Y r ~~` ~ ~d-Cont.>wnerit Enterprises, InG. ,acarporatioa
<br />s, ~'$hb'k'ii~ta.-ttaYttg hR #iic pretsident and identioa! peeaon who signed th€ faragaing instrument, and acknawladged the execrttian
<br />'tltCr'6o~-tLStxelus-.ttlluntary act and decvt ae aucft atTi~r and the vahmtary act and cic~d of said corporation and tltai iia Por-
<br />yl r~e to' dal w~• `~l0rata atHr~d by its ~Q'~4 14t3N
<br />' ' gl~itneea my-'head attdt`tar 1 r ~y..l. ~'~`....:~ `~. - .. -...... - .:a.- .. , ~ 18.-.7..~... _
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<br />i~ ! My euntm^eston exPir~ -' ~~S rc~m.a, i4~w. ...... ... ... ^~+.~.. ,.....Natrry Pubis.
<br />STATE OIi' ...................................._..»........,..._........._... ~ Entered on numerical index and filed for record
<br />ss' in the Register of Deeds Office of raid County the
<br />CottatY ...._........._ ..........................................................
<br />........................day of........._...............,.........--°-......., 1D............, at....................._...,.....o`ciack and_...........................minutes ..................._.M.,
<br />sad recorded bt Book ..........................................af........................................at page....._......................................
<br />.............................................. . - -....._....................Reg. of Deeds
<br />tx~ I?enst-a
<br />_,,................._ ..............._.._.........._......._......_.................... ~ I
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