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<br />53-A-REAL ESTATE MGRTGAGE-With Tax Glause (Revlaed 1982) Hultman and fetton 8 Wolt Walton. Ne. 68461 i
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<br />KNOW ALL MEN BY THESE PRESENTS: THAT James W. Taylor and Dorothy H. Farrall Taylor,
<br />husband and wife, as joint tenants with right of survivorship, each in their own right
<br />and as spouse of the outer (Mortgagor }
<br />of Hall County, and State of Nebraska , in consideration of the attm of
<br />Thirty Two Thousand Five Hundred and no/100 ----------------------------------~LLARS
<br />in hand paid, do hereby SELL end CONVEY unto Commercial National Bank &•Ti-ust Co,
<br />{Mortgagee )
<br />of Hall County, and State of Nebraska [hrs following de~czihed premises
<br />situated in Hall County, and State of Nebraska to-wftc Lot Thirty One ('.
<br />Block Six (6), Unit Two Continental Gardens, An Addition to the City of Grand Island,
<br />Hall County, Nebraska.
<br />In the event the title to said zeal estate is transferred, or contracted a be trans-
<br />ferred from the undersaid for any reason or by any method whatsoever, the entire prin-
<br />cipal stmt and accrued interest shall at once become due and payable at the election o€
<br />the holder hereof. Failure to exercise this option because of transfer of title as
<br />above stated in one instance shalt not constitute a waiver of the right to exercise the
<br />same in the event of any subsequent transfer.
<br />The intention being to convey hereby an absolute title- in fee simple inctuding all the rights vt homestead and dower.
<br />TO HAVE AND TO HOLD the premises ataove des-,ribed, with all the appurtenances thereunto belonging unto the
<br />said mortgagee and xo its heirs and assignv, forever, pmvided always, and these presents are upon the expires
<br />condition that if the aforesaid mortgagor 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 Thlrtp Two Thousand
<br />Five Hundred and no/100 ------------------------------------- Dotlsrs, payable ~lotxit: 3
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<br />with interest thereon ~ixraxxxx~pt~r~c rarabte YiBWfili all according to the tenoz and ef[ect of I
<br />ate;yainpromiasaryrsateo~x or notes of -:aid James W, Taylor and Dorothy H, Farrall Taylor dad
<br />6J£sjS4 or as such note oz notes may be frog time to time modified, renewed, oz extended i~
<br />-tritl.nC utd shall ail uses sad assessments Irwed u
<br />~ifl~.t~ntCl~DlC' pay pon said real aatatt, and ail other tAYCS, I
<br />lev!es and axaeasments levied uiran this nx,rtgage or the note which this mortgage is green fo secure, befate the same lacv~amea
<br />delinquent, and keep the kruifdity;s .=n seal premrsen insured for the sum of 5 32 , SGO, GO lass, if any. payable to j
<br />tfre said mortgagee, then these presents to be .x,id, otherwise da be sad ternnin is full lors~e.
<br />IT IS Ft?RTHER AGREED {I} `T'hat if the . id nsartga gor shall fall to pay such taxes or Iz~re :.aeh insuraxtco, the ~
<br />said mnrtgagee may ray such tax:x and praatre smch irswra~trx,; and thx sues xa advaacxKi, with interest at lEr,J ,ter tent
<br />shaft be paid by said axortgagur. amt thin mortgage shalt stand an netiurity for the same, (21 That a lailurr to pay any of said
<br />mwtay, either principal or intetegt when the same hec2unee due, ar a failure ro ctmtply with any of the fnregoing agreements,
<br />x1taU rouge the whole sum of marry herein s,°~"u red to lace >me due and svllectibte at nnce at the en,tion ar# the mortgaR*~~ f
<br />s Sipted itsig 5tlt day of Jane 19 8O
<br />~ ~~~ t
<br />•-'~ ..-~in pregenceaf a- #~ '' '.. ..
<br />J s ~,3, Taylo
<br />Ekaratfry H, `FArrall Taylor
<br />'Yi'ATF, fIF_°- ---lift„-~eka --- - _ county af_ r•.al]_
<br />$efam me, a notary PuMie qualified far said c~nty. personalty crane .: actre3 :-+, i'aylar and ix~rothy H.
<br />Farrall-.Taylor
<br />- kaorrs ?`a roe to be ttrE idattica3 pernrtu or per'a`a~ who asgtred the fore8oinr irtsttumemt and acknowlcdgeci iht. nxr=cation E
<br />-- tharao( to be, hig.:tger or their vrlualary act sad deed.
<br />~1~+ State .l%,e.. a ty..,~..
<br />{Afitasrarud~~ ~.
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<br />MY+.taamt .R~~~. 19~r1-. ~[?'~.~./ ~~ '.._ bntary Public,
<br />9TAT8 OF_.._..._.__ _.._._.._...
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<br />Enteral nn aumarical index and ford fat tor~,td
<br />in the Regiator of Deeds tJfftt of said C'aunty the
<br />_.....dclock arrd_. senates
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<br />_ Itag. ui Tltawia
<br />fly, deputy
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