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<br />79•-~ (D~5629
<br />REAL ESTARE rDir~r~c~
<br />T+hiEREA.S, the undersigned AirliifA2 C. HOSEL2C)N and M2~XINE M. HOSELTGN, husband
<br />and wife, have financed a mobile home through the First National Bank of Grand
<br />Island, Nebraska, and
<br />WEffi2EAS, II~tOD-4DOLNDRTfI C~. , 1NC. has rniaranteecl the payrient of said Note
<br />in respect to full payment, and
<br />WHEREAS, the balance on said guaranteed Note is the sum of $24,011.00, and
<br />WF>ERFAS, the undersigned are desirous of giving a trortgage on their real es-
<br />tate in consideration of Fdd3~D-W007SVORTH QO., INC, guaranteeing said Note.
<br />NOW, THEREE'ORE, the undersigned, being residents of Grand Island, Hall
<br />County, Nebraska, in the consideration of the guaranteeing of said Note, do here-
<br />by sell and convey unto II~D-FAOIIrAIrCH CO., INC., of Grand Island, Hall County,
<br />Nebraska, the following described premises situated in Hall County, State of
<br />Nebraska, to-wit:
<br />Iot Ten (10), in Block Four (4), Dale Smush Second Subdivision, sit-
<br />uated in part of the East Half of the Southwest Quarter (E~SS~) of
<br />Section Fourteen (14), Township Eleven (11) North, Range Ten (10),
<br />West of the 6th P,M.
<br />It being the 9nteution that the said parties are oonveyi.rtg their absolute title,
<br />i.n fee simple, includi~ their right of hcxnestead endcxaer alga with all of the
<br />appu~-t~artces belonging thPretO unto the Said Mortgagee, i.ts heirs, E3teCtttor3,
<br />administrators, or assigns, and that said mor~jage shall be in full force and
<br />affect so long as the Cfl., Itv~. is liable on said guaranteed Nom.
<br />That the principal sun of said guaranteed Note in the amowtt of $24,011.00 shall
<br />be the amount of this mortgage on the shove-described real estate.
<br />It is the intention and agreement of the parties herein that this mortgage
<br />shall also secure any future appurtPnanees made a part of the real estate and at
<br />such time as said II~AD-WOOI3~AI><li'EI Op„ TNC, is relieved of said liability they
<br />shetll issue a Mortgage Release and file the same pranntly.
<br />That the default of the Mortgagors in payments to the First National Hank,
<br />wrhi.ch necessitates the Mortgagee to honor its guarantee, shall allow the Me>rt~
<br />gages to foreciosc~ and collect the atmunt that the Nbrtgagea is obligated too pay
<br />an said guarantee.
<br />This ngxtga~ge shall be bfsrling upoxt, and shall inure to the. heirs, executors,
<br />administraiJors, successors, and assigns of the respective parties hereto.
<br />Law Offices F.O. Box 1068
<br />Richard L. HuberlHiggina 6t !vartin 1503 West Second Street
<br />Tatetrhono: 308/382-4520 Grand island, Nebraska 68801
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