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<br />- i 53-A-RIE:AL ESTAT!", Mt'1RTGAGE--lMith Tax C#auae (IH~eviscd 9982) ~... 9iu~~igman sad Fslttce ~ "NJ#t Ntd'RO~ ~ ~ : ~:. r : r,.;_:.~,
<br />ra, Ne 6'ri~£ul
<br />iSNOfiV ALL MEN BY TH;ESF. PRESENTS: THAT James S. Reed and Precious Reed; h#asbanii a,no,
<br />wife; and James D. Roth and Donna F. RoY_h, husband and wife
<br />{Mortgagor )
<br />of Hall County, and State of Nebraska , in mnsideratioA „f the sum of
<br />Thirty thousand and no/100------------------------~------------------_-_____-___ DOLLARS
<br />in hand paid, do hereby SELL and CONVEY unto Commercial National Bank & Trust Company, Grand
<br />Island, Nebraska
<br />(Mortgagee )
<br />of Hall County, and State of Nebraska the following described premises
<br />situated in Hall County, and State of Nebraska to-wit:
<br />Lot Twenty-seven (27), Potash Subdivision, Hall County, Nebraska
<br />In the event the title to said real estate is transferred, or cotttracted 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
<br />as above stated in one instance shall not constitute a waiver or the right to exercise
<br />the same in the event of any subsequent transfer.
<br />~ 'r'!!A intention being to convey hereby an absolute title in tee simple including all the rights of homestead and dower.
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<br />TO HAVE AND TO HOLD the premises above described, with al! the appurtenances thereunto belonging unto the
<br />said mortgagee and to its heirs and assigns, forever, provided always, and these presents are upon the express
<br />condition that if the aforesaid mortgagors their heirs, executors, administrators or assigns shall pay or cause to be
<br />paid to the said mortgagee its heirs, executors, administrators or assigns, the sum of Thirty Thousand and
<br />no/100-----------------------------------(530,000.00)-----------Dollars,
<br />payable as follows, to•wit:
<br />Dollars on the day of 19
<br />ff} Dollars on the day of 19
<br />Dollars on the day of 19
<br />Dollars on the day of 19
<br />Dollars on the day of yg
<br />with interest thereon aac payable mall according to the tenor and elect of
<br />a certain promissory Hate ~m01[M or notes of said James S. Reed & Precious Reed and James D. Roth
<br />I and Donna F. Roth dated September 10, 1979 or as'such note or notes may be from time tp
<br />)t~M1t~46~d~nviA€=1~~A'~~rc~ntg~4~ pfd} dllK~3tY~nd assessments levitd upon said real estate, and all other taxes,
<br />N levies and assessments Levied upon this mortgage ar the note which this mortgage is given to secure, before the same becomes
<br />delinquent, and keep the buildings on said premises insured for the sum of $ 30,000.00 loss, if any, payable to
<br />the said mortgagee, then these presents to be void, othernise to be and remain in full force,
<br />fT IS 1 Lf'FtTHEFt AGIIb:ED fl) That if the sail mortgagor shall fait to pay =ueh tales or p:s~a°trrc sash irs~iraAt~, the
<br />said mortgagee may pay such taxes and procure such insurance; and the sum su advani~.f, with interest aE 14.4 pgr Dent
<br />{ shall be paid by said marfgagor, and this mortgage shall stand as security for the same. (j) That a failure to pay any of said
<br />tnoney, eiifier principal or interest when the same becomes due, ar a failum to comply with any at the foregoing agreements,
<br />shall cause khe whole sum of money herein secured to become due and collectible at once at the option of the mortgagee.
<br />Signed this 10th day of September .1379
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<br />~ to presence of ~ ,.
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<br />........................................................................._....._......._......_......... ........._..... ~..'Dd ~~` ti:.a~e..i3ei~i•Ile~ HOmes
<br />Nebraska Hall
<br />i STATE OF ......................................_..._....-........_....-, County of.-- - -.....
<br />Before me, a Aotary public qualified for said county, pereonaUycamo James S, Reed and Precious Reed,
<br />husband and wife; and James D. Roth and Donna F. Roth, husband and wife
<br />krmwa to me to be the identical person or persona who signed the toregoing inatrvment and ackrrowlcdgad the execution
<br />f- ttt~eof to be-iris; bar or their voluntary act and deed. y
<br />~ Witnem my hand rIt- ,.YY. '~a'>~.i..=c»:.......,~:!:~:......_...~ 19..1.....
<br />( T'tY commission
<br />.RlfrS..~ ................Natary Pu61ic.
<br />E Si.4TE OF ..._._ ..............»............ FSntered an numerical index and Bled for record
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<br />County .... , ,. ... .............................................. ~~ in the }3egiater of Deeds Office of said County the
<br />' : .............:..........day of:...........,............_....................., 19............, at................................o'clock sari.............................minutes ......................M.,
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<br />I and recorded in Book ..................._................».»ot................. .......at peg@........._.................
<br />~tnc.
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<br />.............................._.................................._............_Reg. of Deeds
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