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t <br />_. _... ... ,., . E tlCorpa ::. rim t+ _ ~ u u <br />58--YiP'~T; E3TA2E.t@F()EtTGAit„'' catupu)-With'L'sx'- ~ .~~^+>n t3ea<cm! Sut,vlr sRCem, i.a eam. xmgws. -~ <br />Dtsat~ I~ <br />r~. _,........ „_ ...._, ._._.~._._ _...._ _ ~ ..._.... ._...... ,... ....___... <br />I r <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 />(' <br />~, <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 />.._.... <br />"'~ <br />4 <br />t <br />.. ,...... .................................................................. By. _ - .... S~ .~..,~ .... .... ....... t <br />x i'~ ~ c, " <br />