|
~3-~ ~~~~
<br />MORTGAGE
<br />This Mortgage, made this day of _1~~ ,
<br />19 by and between Calvary Luther C urch of Gran s an N raska
<br />(he einafter called the "Mortgagor"), and AID ASSOCIATION FOR LUTHERANS, a
<br />Wisconsin corporation (hereinafter called the "Mortgagee"), Witnesseth:
<br />Mortgagor, for and in consideration of the swm of Eighty Eight
<br />Thousand end No/100 Dollars ($88,000.00) to it in hand paid by Mortgagee,
<br />the receipt whereof is hereby acknowledged, does hereby grant, bargain,
<br />sell, convey, mortgage and warrant unto the Mortgagee, its successors and
<br />assigns forever, the following described real estate ira Hall County,
<br />Nebraska, to wit:
<br />Lot Five (5) Calvary Subdivision, City of Grand Island,
<br />Hall County, Nebraska.
<br />Together with all improvements, tenements, easements, fixtures
<br />and appurtenances thereto belonging, and all rents, issues and profits
<br />thereof for so long and during all such times as Mortgagor may be entitled
<br />~~"""~°~'^ f °'!;i~h ~ °+~^aa ++ri marl 1 v anri nn a n?rity with said real estate
<br />uavicw ~,. p_v..7...~ _,__...____i
<br />and not secondarily), and all apparatus, equipment or articles now or
<br />hereafter therein or thereon used to supply heat, gas, air conditioning,
<br />water, light, power, refrigeration (whether single units or centrally
<br />controlled) and ventilation, including (without restricting the foregoing)
<br />screens, window shades, storm doors and windows, floor coverings, awnings,
<br />stoves and water heaters. All of the foregoing are declared to be a part
<br />of said real estate whether physically attached thereto or not, and it is
<br />agreed that all similar apparatus, equipment or articles hereafter placed
<br />in the premises by the Mortgagor or its successors or assigns shall be
<br />considered as constituting part of the real estate.
<br />To have and to hold the same to the Mortgagee, its successors
<br />and assigns forever.
<br />And the said Mortgagor covenants that it has good right to sell
<br />and convey said premises and that they are free from incumbrances, and
<br />hereby warrants the title thereto against all persons whomsoever.
<br />FItO`JID~ AI,WAyS, and these presents are upon this express condition,
<br />that if Mortgagor, its successors or assigns, shall pay ar cause to be
<br />paid to the said Mortgagee, its successors or assigns, the sum of Righty
<br />Eight Thousand and Nof100 Dollars (588,000.00}, as follows, to wit:
<br />Seven hundred Thirty Seven and No/100 Dollars {$737.00)
<br />on the 13th day of September, 1979 and seven Hundred
<br />Thirty Seven and No/100 Dollars {$737.00) on the 13th
<br />day of each month thereafter until said note is fully
<br />paid and with a final payment of principal and interest,
<br />if not sooner paid, due on the 13th day of August,
<br />1999. All such payments on account of the indebtedness
<br />evidenced by said note shall be first applied to
<br />interest on the unpaid principal balance and the
<br />remainder to principal,
<br />with interest at the rate of Eight per cent (8~) per annum according to
<br />the terms of one certain mortgage note, bearing even date herewith, ere=
<br />cured by tYie said Mortgagor and shall otherwise keep and perform the
<br />several covenants and conditions herein prescribed by the Mortgagor to be
<br />karat and perforzaed, at the times and in the manner herein provaded, then
<br />4~ lI~ that event these pre~ePta ~h~l ~ he n,wl l a~,„i;~t void.
<br />AND THE SAID Mortgagor will so long as this mortgage shall be
<br />unsatisfied, keep the building or buildings now standing or which shall
<br />hereafter be erected on the above described premises insured against loss
<br />
<br />
|