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<br />58--YiP'~T; E3TA2E.t@F()EtTGAit„'' catupu)-With'L'sx'- ~ .~~^+>n t3ea<cm! Sut,vlr sRCem, i.a eam. xmgws. -~
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<br />~'_~ ,~~~~~ ~NQW ALI: l~~l~t fi`r' T~.~ ~C~~SE3~~'S. I~
<br />THAT POLAND OIL, INC.
<br />i
<br />3
<br />~ n torporation organized and existing under and by virtue of the laws of the State of Nebraska in `
<br />ONE HUNDRED FIFTY THOUSAND DOLLARS
<br />consideration of the sum o f { $15 0 , 0 0 0. 0 0) D Da.LARS
<br />in hand paid, does hereby SELL and CONVEY unto ROGER B. HIGHLAND and WAYNE L. HIGHLAND, j
<br />as tenants in common,
<br />of Hall County, State of Nebraska the following described premises situated ~ ~!
<br />in Hall County, artd State of Nebraska , to-wit: j.
<br />('
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<br />
<br />The North Forty Feet (N 40') of Lot One (1), in Block Eight
<br />{8), Arnold and Abbott's Addition to Grand Island, Hall County,
<br />Nebraska.
<br />Tl:e intention bring to convey hereby art absoGtte title in fee simple.
<br />TO HAVE AND TO HOLD the premises above described, with at! the appttrtenanres tltersunta belonging urtty
<br />the said Roger B. Highland and Wayne L. Highland
<br />and to their heirs and assigns forever, provided always, and these presents ore uport the express tonditwn
<br />that if the said Poland Oil, Inc, ,
<br />or assigns shaft pay or cattse to be paid to tl:e said Wayne L. Highland and Roger B. Highland,
<br />hairs, exseutors, administrators or assigns, the snm of $150,000.00 L~vllars, payable as
<br />fallazrs, to-wit: $37,000.00 Dollars on the 2nd day of January, 1981.
<br />$35, OOO.Oallers on the 2nd ay of January , =y82-:
<br />- $'s3,000.OODollars on tha 2nd day~of :Ianuary =S1H~.
<br />$31,OOO.OODallars on the 2nd day of January , r984
<br />$29, OOO.OWollars an the 2nd day of January rA 85
<br />$27,OOO.OODollars on the 2nd aay of January , isr86
<br />with interest therton at 8 per cent per annum, payable auarualFti•, according to the tenor
<br />and e~ett of the promissory note ciupcdtiC2caiQitalKaG0tt!!?Ii1tdC~D~C1l0fAk
<br />bearing even date with these presents a:td shall pay all taxes and assessments Ic~t~ied etpc*n sold real estate a,td adl outer
<br />faxes, levies and assessments levied upvn this mortgage or the mote zc~hicM rhis marigayr is yivrrt tv secure, before the
<br />same becomes delinquent, and keep the buildings un said premiers insured fvr the sum of $ ,loss, if
<br />any, payable to the said mvrtgagte, then these presents to be void, othrrzcdsr tv bt acrd remain in fwll force.
<br />IT IS FURTHER AGREED, {t) That if the said mvrtgagor shall fail to pay sorb taxes or procure suelt insur-
<br />ance, the said mortgagee Wray pay-sorb taxes and procure such insurance, and the stun sa advanced, zcdtit irlterest at
<br />12 . S per tint shall be repaid by said mortgagor, and this mortgage shall stand as security for same. (:) That
<br />a failure to pay any of said money, either principal or interest when the same betvme dae, or a failnrs to eomply with
<br />nny of the f4regoi»~ agree+nents, shall -cause the whote sum of money herein secured to become due and cottertable
<br />qt once, at-the option of the mortgagee. -
<br />fN LVITNESS 6VHER,EZIF, the said Poland Oil, Inc. , ~ ``
<br />i~
<br />Pl°stai. t I
<br />- has hereunto craused its corporate seal to he affixed and thesa• presents to be signed by its ~'
<br />this day-o~.~t~ti..a,,.i ,~4. A. t9~fCJ ~,,,, i ~~
<br />r .~
<br />Signed, sealed and delivered in presents of t ~' ~ ~~
<br />..,ti„r ;
<br />POLAND OIL T _ ~ ~' ;'~ ~~ i
<br />.._....
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<br />.. ,...... .................................................................. By. _ - .... S~ .~..,~ .... .... ....... t
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