|
r
<br />~^ RTu AGE (Carp) VVdth Tax trlause (Revifsed t9B2y T"he Plasmas a;eaerml ^xnpp3p kiop~e luxais kidkar
<br />I.+fOW ALL ?4SE>~wi BY TH,ESf.` PHESFNT$: "I'hrat Westside 'Bawling Lanes, Inc. , a Nebraska torp~ora- 4
<br />lion
<br />a corporation organizes! and existing under and by virtue of the taws of the State of Nebraska in
<br />consideration of the sum of Seven Hundred Thousand and no/100-------($700,000.00} ------ DOLLARS i ;'
<br />in hand paid, does hereby SELL and CONVEY unto Consnercial National Bank & Trust Company s
<br />of Hall County, State of Nebraska the following described premises situated
<br />in Hall County, and State of Nebraska , to-wit:
<br />hot One (1) Commonwealth Business Park Subdivision, Ar. Addition To The City Of Grand
<br />Island, Hall County, Nebraska more specifically 3escribed as
<br />A tract of land comprising the South Four Hundred Ninety (490.0) feet of the Southwest
<br />Quarter of the Southeast Quarter (SWtaSElt) of Section Thirteen (13), Township Eleven
<br />,(11} North, Range Ten (10} West of the 6th P.M., Hall County, Nebrasks, excepting there-
<br />from the East Seventy Five (75) feet, said tract containing 13.82 acres more or less.
<br />In the event the title to said real estate is transferred, or contracted to be trans-
<br />ferred, from the undersigned for any reason or by any method whatsoever, the entire
<br />principal sum and accrued interest shall at once become due and payable at the election
<br />of the holder hereof. Failure to exercise this option because of transfer of title as
<br />above stated in 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 being iu convey hereby an absolute title in tee simple.
<br />TO HAVE AND TO HOLD the premises shove described, with all flee appurtenances thereunto belonging unto the said }
<br />Commercial National Bank & Trust Co. ~ { ~_
<br />and to its heirs and assigns forever, provided always, and these presents are upon the express condition that if the 1 -'
<br />said Westside Bcwling Lanes, Inc., a Nebraska Corporation f j
<br />or assigns shall pay or cause to be paid to the said Commercial National Bank & Trust Co. , Grand Island, - -
<br />Nebraska
<br />heirs, eaecuWrs, administrators or assigns, the sum of Seven Hundred Thousand and no/100----Dollars, payabletSX
<br />i
<br />CX
<br />- Dollars on the day of 19
<br />Dollars on the day of 19 ~ ;~ --
<br />Dollars on the day of 19 j
<br />Dollars on the day of , !9 _
<br />Dollars on the day of 19
<br />with intere»t thereon xetxxxxxx payable ~asxording to the tenor and effect i
<br />of fhesca certaiat~romissory note or notes of said Westside Bowling ',
<br />Lanewws~~,,,r~iInc. dated 9/5/79 or as such note or notes may be from time to time mc+dified,
<br />ng-even fdetcf'~itl:r~i~ ~se~ttall pay ail taxes and assessments levied upon said real estate and all other fazes,
<br />levies and assessmcri, levied upon ibis mortgage, or the note which this mortgage is given to secure, before the same becomes
<br />delinquent, and'tceep the buildings nn said premises insured for the sum of $ 704,000.40 loss, if any payable to the _'
<br />-said- mortgabee. tt+en three pre=.ents tv M, veld, otherwise to be and remain in full force.
<br />IT IS F'L'•HTz1I_R AGRb:li'D. (1} That if the said mortgagor shall fail to pay sash fazes ar procure such insurance, the
<br />said iuartgagcK n.av day sue.; ~,~e and procut-e sash insurance: and the sum so advanced, with interest at per
<br />c~rtE-shall he r€'pasd t;y 3arcf mortgagor, and this mortgage shall- stand as aet'txri#y fur same. {2) That-a terilnte to pay-any at
<br />said money, either principal or intore»t when the same becrome due, or a failure to comply with any of the foregoing agree-
<br />ments, ehaU cause the whole sum of money herein secured to became due and collectible at once at the option of the mortgagee.
<br />IN WITNESS WHEREOF, the said Westside Bowling Lanes, Inc., a Nebraska Corporation
<br />has hereunto taus to seat io be affixed end these presents to be signed by its
<br />this 5th S' g~n?~er , 19 79 .
<br />Signed, i0.?r ui presen ~ of
<br />~ ~~ ~ We d- Bowl' Lanes Inc. 5
<br />' B
<br />': ~-~~~"•. ` 15g,~'aska Hall `"
<br />HTATE OF....'~~~'~rrt..`~~.,.-:.,,,.,_._.,.-,_.........._........._._., t:nunty oE ..............................................................
<br />BefarP. me,'it~8ntir`v-`~tibiig:qualified in said county, personally came Richard Huber
<br />- Ii !thereof to be-his
<br />fi ' porata seal was
<br />Witness my~
<br />': ~ lvfy t~mmi9aion
<br />President of
<br />a corparaticm
<br />who si~gnnod -the foregoing instrument, and acknowledged -the e:eeutiap
<br />r and the voluntary set and decd of said a~rporation and that its car-
<br />....~~~.'k`~c'»,.`~..~..~ :...... .............................. 19.7.4......
<br />... ......../~,...~.....~.t~r~tt~~r.~+S.. ................Notarv Pubiie.
<br />BTATE OF ................................._................ Entered on numerical index ar~d filed for retold
<br />i County :. ................_....__.-..... _:......_.................., }~~ - - in the Register of Deeds Office of said County-the
<br />I,
<br />........:...............day of..................._........._..............., 19......._..., af.:.....:............:_.-v.....o'dock and..............._........,....tninutes ................._...M.,
<br />and {ecpided in Boak --.._ .........................:.........of.-----.:-.-..:.......-........------.-°at page....:...._..._..-.-..............--`--°°-
<br />I
<br />..................._......._...---......----....................-- °-- • ...._.Reg. of Deeds
<br />..............i)eoutV ,.
<br />i
<br />
|