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<br />- A~-, REAL ESgTsA~TE MORTGAGE (Corp-)-With Tax Clause {ReviseC 1962} 1te Ho>5mu Gznernt gappfy goam, L"mmla• Nda-
<br />"' ~Y~ nSlr.~i~F~t~-
<br />KNOW ALL bIEN BY TIiESE PRESENTS: That Mid-Continent Enterprises, Inc.
<br />a corporation organized arzd existing under and by virtue of the lairs of the State of Nebraska 3n { -
<br />consideration of the sum of Fifty-FOtzr Thousand dnd n0/300 ---------------------------- ,'30LLAR3- ~,
<br />it
<br />in hand paid, does hereby SELL and COATVEY unto Commercial National Bank & Trust- Co. i.
<br />of Hall County, State of Nebraska the following described premisessituated _}
<br />in Ball County, and State of Nebraska , to-wit;
<br />Lot Three (3), Block Seven (7), Unit One Continental Gardens, an Addition
<br />to the 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 trndersaid for any reason or by any method whatsoever, the entire-princip Ii
<br />stvtt and accrued interest shall at once become due and payable at the election of the hold~r`:
<br />thereof. Failure to exercisA this option because of transfer of title as above statedin~ -.
<br />one instance shall not constitute a waiver of the right to exercise the same in the event;
<br />of any subsequent transfer.
<br />The intention being to convey hereby an absolute title in fee simple. '
<br />i
<br />TO HAVL' AND TO HOLD the premises above described, with all the appurtenances thereunto belonging unto the said ;
<br />Mid-Continent Enterprises, Inc.
<br />and to its heirs and assigns forever, provzded ahvay s, and these presents ore upon the express mnditian that if the
<br />said Mid-Continent Enterprises, Inc.
<br />i
<br />or asigns shalt pay or cause to be pmd to the seed
<br />Commercial National Bank 6 Trust Co. its ~j
<br />heirs, executers. administrators or assigns. the Yom of Flfty-Four 'T`housand dnd no/100 -----Dollars, payable as
<br />i Follows- to-wit:
<br />Nnxx#ut slR9tAft X}dE
<br />Real Estate Mortgage expires on ~~~x,Y„t,„ ~~ ,~,~
<br />January 5, 1981 ~toxt~ix xffix~ ,
<br />ttarrttts t~txiit xrtxb
<br />ise~tonyzttK ~cuycwu xis
<br />weth inter.-t thFrv,n ~ - ;+atable 1SrfaL~S, ats;urd inE t.r tlz~ tenor aaf e:feet
<br />«1.y «,..;::.:•~.r _~ :,..r,. nr • 2rcnrvnemr<irs,+~,l•. •~rld nOS:eS Of Shcd [:1d-Con tl nent
<br />,Enterprises, Innc., as such notes rtay ht: iron time to time madifi2d, r~n2a•~d, ..« .zxtnnc~..,
<br />wra-tl:rna t
<br />x:rcnrig °f tile. i,h br-_r , ~.•E_ ..,. ..a.: t ° ~. tuxa~ a~rtl assessments l.•v,.zl upur, 6. ,.'. rezl .~ t.it.- errs, +.., :.thF~ t.:ca-`s.
<br />le.. ies aae~ .~ ye,. m, „ram :..,,-. ~ ~ ;K ,, .. • , eh~ , .n, = hi: n fhis merit=rge - gzven , .,.qurr•, rr..~r cn.. amc• ,4•ezsea
<br />delinquent, andyla•ep the• Lmldmt;a on o-:ud Pn•m ru•s nrsurtd for the sum of b 59, 000. OOa lose, d ans. Payable to lice
<br />said mortgagee, then thaixe presents to f, unf ntherwrsc hr 6e and nanain in Cull Turco.
<br />' i'1• IS [ ORT1IE:ft ACRE P: U, t t ~ 'I'F~at ~i the ~.ud mortgagor shall fail to pay such taxes ur pn~cure such xnsurttnec tho
<br />said mortgagee nrxY vaY .YUCK ears ~xroJ procu rv• such uzaunance; and the sum su advanced. wuh uaternmt :u 1 =.5 In•r
<br />cent shall hr repaid by real nu,rtka„or. anal thra mortgage vhall stand as security fur sarae. r2) Chat a farlurr to f+ny sexy of
<br />said maney- ez[hrr Pnuegnd c.r mk•rest achrrz the sanw ben, me duo. or n Failure to comply wrth any of the fnrrguuzg agrev-
<br />monts, shall raaas~ for whole sum .:! nzu v hrrem su.urtxl to be~ume due and Cullectdile xt once at the uptnm of :he murtitxgee.
<br />iN W1TNEfiti WH1;R::01°. tie- crud Mid-Continent Ente rpriseb, Inc.
<br />has hereunto caused xis Coryornte s.rut to tx• afhxad uud thz':su preae,•nrs to be signed by r;a President
<br />'t
<br />i this 8th day of July I9 d0
<br />i Sigmad, scaled and dehverad ut presence u(
<br />~~Iid-1((+~Atj(t/~/tt, 11 nC En tEr /5 a''S+,! 11~M.,
<br />S`1'ATh f)Fr. Ne_ braska - Uaunty of Fla1'll
<br />F?r=ittFt cif. :~ ..i .--.. a-.a„i j '..:.~23 ,a. -_[la7 tt~.ur:rs. i-_~~Ia atiy ;':ua.s .
<br />Milan R. Bish t'reatdrut ut
<br />Mid Contznent EnCer zises, Inc.
<br />1 Y z n t. ranuu
<br />i knax•rt W a •tu lza t1 e. presidetll and ic' nit-~1 }}t.•r~ut who :tan ud the furuguarg mstrumunt, oral u6~45n.,.~lodt, 1 t}ur -t: xuttun
<br />t thereof t> ~ a su~f~ u(hcer and the vulmrurrv +tct rmd deed ut natd cm purauun and Burt tin cur-
<br />~ pnrate ae 'as tyy ty~pss~~spt~,gsa~rthorzt}.
<br />I \vt _. ., -1?Tr~Zi'z#itd YtxztAi' a~''€.oaE an.. July 8 lq fi0
<br />~ hfy eornnrission expires...... `'.$. l9 A.a'- .~ _v c.:' f~r'"~„,•~ Notary f'ubhe.
<br />._.. _ .. ~
<br />STATE OF.. ~ ~ Enterad on nwuurieal mdez and £lr*d fnr rt•cu rd
<br />County ._... - I ~~ in the Rogiater of lleads Ottic-c of stud ('onnty tho
<br />---..... ~ . .. day of... t9_.. at.. o'dosk and. m_.ul_s yt,
<br />and ruordaxl in Book.. c.L. _ at page..
<br />3v
<br />Rsg. .rf Dc~~
<br />I)cuuly
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