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SS-A-REAL ESTATE MORTGAGE (Corp.)-With Tdx Clause (Revised 1982) 7te Hudmsn Gaaeni supply Hance, t.iawln, IW6r.
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<br />KNOW ALL MEN $Y THESE PRESENTS: That Regency Construction, Inc.
<br />a corporation organized end existing under and by virtue of the laws of the State of Nebraska in
<br />consideration of the sum of Nineteen Thousata..d Five Hundred and no/100 ----------------- DC)LLARS
<br />in hand- paid, does hereby SELL and CONVEY unto Commercial National Bank & Trust Co.
<br />o[- Hall County, Stale of Nebraska the following described premises situated
<br />in Fiall County, and State of Nebraska . to-wit:
<br />The Easterly One-Half (E~) of Lot Two (2) in L~lock Seventy (70) in the original town,
<br />now City of Grand Island, Hall County, Nebraska.
<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 stua and accrued interest shall at once become due and payable at the electior
<br />of tote holder hereof. Failure to exercise this option because of transfer ,f title
<br />as above stated in one instance shall not constitute a waiver of the right to exercise
<br />the same. in the event of any subsequent transfer.
<br />The intention being to wmey hereby an absolute title in far simple.
<br />TO HAVE AND TO HOLD the premises above described, with all the appurtenances thereunto belonging unto the said i
<br />Commercial National Bank & Trust Co., Grand Island, Nebraska
<br />and to its baits and assigns forever, previded always, and these presents are upon the express condition that if the
<br />said Regency Construction, Inc. ~
<br />or asvigna shall pay ar cause to be paid to the said Commercial National Sank & Trust Co. , Grand Island, j
<br />Nebraska
<br />heirs, executors, administrators or assigns, the sum of Nineteen Thousand Five Hundred and no, Payable ae ;
<br />foUosra. to-wit ~ +`+
<br />_ 17fd~1~d~ ~i~f~ XI9[
<br />7Of~9iifiCi3i(nie di~Oli itYi<
<br />Xld0aiiithiCYlTe iid9fXf $(~
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<br />with. interesE thereon payable tatlOmlWC according to the tenor and effect j
<br />of tti a certai~rom;.9sary Hate oz notes of said Regency Construe=
<br />tion, Inc. dated'r~~6,/10/$0 or as such note or notes may be from time to time modified,
<br />~r~vg ~a ~at~~~'i~'tlre~e p~i~eseotatan~gsfiall all tares .ate assensnenta Levied u
<br />PaY pon ea,d real estate and all ether fazes. I
<br />levies and asressroente levied upon ibis mortgage or the note which this mortgage is given to secure, before the same becomes
<br />delimryeak and keep the bnildinga on said premises insured far the sum of S 1S, 500.00 ,loss, iF any, payable W the
<br />said mortgagx, then these presents to be void, otherwise to be and remain in full force.
<br />IT IS-FURTHER AGREED, fl) That if the said mortgagor shall fail to pay such taxes or procure such insurance, the
<br />said. mortgtMee maY PeY- such fazes and Procure such insurance; and the sum so advanced, with interest at 15.50 per
<br />crttt shatf be repaid by said mortgagor, sad this mortgage shall stand as security far same. (S} That a failure to pay any of
<br />-sand mastey, either pri~ipaj or interest when the same become due, or a failure to comply with any of the foregoing agree- i
<br />-menb, shall cause the whole sum of money berets secured to become due and cvllectibie at once at the option of the mortgagee.
<br />IN >aVPl'NESS WHEREOF, the said Regency Construction, Inc.
<br />- has. hereunto. caused 3ta oaryorate seal to be affixed and these presents to be signed by its Secretary
<br />this 10th day of June , 19 $0
<br />sealed cod delivered in presence oI
<br />...~i.:''.`.e.{ ~. )°~"°"'f`"ty - .__ - Regency n traction, Znc. .:.~;-.
<br />,: ~ -
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<br />~'STATP t3E ------~~#~~IF!~ .....__ _ ._-, C~anatY of,... .. _ --Hall ... ...... ...... .. .. ~ '
<br />{ _ 13etare nte, a notary pubtir, qualified in .laid county, personally came Stanley B. Garris, Jr. ~.
<br />Secretary ftrifi~leddof
<br />lbgency Constxuctionr Znc. , a corporafaon -;
<br />-: ~ iusasen to sae to be the presicteat acct -idet~tieal ~ he foregoing instnunent, and arJcnowle dged the exocunon
<br />i thesect bo Le his voluntary set and decd .such~:3Hi}~~~tary act and duct of said csxrpocerinr. std that ib ~ur~ !.
<br />p6t~iie assd.->vas sheceio atTned by 3ta _ - Y• ~.. "at71A~
<br />~ - - r~ - ~ ~
<br />i iYs4rr74y htwd and ~ .._. ~:,_ /'t :'....._.. 19Y'~,' ..
<br />aft "' ]9:...:~9~ .~.~. .f~t,..sc.sfr .:~:4--'j ,Notary Public.
<br />9TA'F#ri QF. ,..__._. ...._.._-'-_ ...... ........._._.~ss. Entered an numerita.i index and filed for rocatd r
<br />i- . GQUQtY _r.___ _..___ .. ....................._...........:...,) in the diegiztcr ai Deeds (18icoe of said County the !
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<br />.: t- --~Y.of-•_.... ,.._.. ,._.....,-, 1fL._.._...., at.......__. .-.~...-_._a'clockand....... .. _rniautes....--.. _._M.,
<br />f.__ _........... ..,-.... .-..._
<br />:sad. reoprtlad: m. Book,. _.._. _....r~ ___.,__._ ,... _......._st page......._ - , -
<br />.... ..... ............................ _ _.. .-. ...H.eg. of Deeds
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