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~.,S~HF.AL ESTATE MO$1'GAGE-{Wt9h Ts= Ctea>») HuHmau and Felton 8 WaH, Wat4an~ !k. 58461 ---~_~
<br />idV~" 87~.%6~4.9t,~c7
<br />I ICNQW dLL MEN BY THESE PRESENTS: That Richard E. Kraft and Judy C. Kraft
<br />of Hall County, nett State of Nebraska , in-consdoration a}-tlts.r~7t of
<br />Sixteen Thousand and 00/100-------------------------------------------------DOLLARS ~ '
<br />i .:
<br />irr hand paid, da herzby SELL and CONl~EY unto FIVE POINTS BANK
<br />of-- - Hall G'ounty, State of Nebraska the folloxving d¢stribed ¢rent%ses sitvaied ~ (I
<br />sn Hall County, and State of Nebzaska , to-wit: `
<br />i
<br />Lot Five (5) in Block Four (4) in George Loan's Subdivision of the-South ~ ;j;<
<br />F"
<br />Part of the West Half of the Northwest quarter of Section Ten (10), in ~ _,
<br />Township Eleven North or Range Nine (9), West of the Sixth (6th) P.M. in Hall l ;~.
<br />County, Nebraska 3 E'
<br />The intention being to cenvc>< h~*reb~ an a$sc[t;f~ tlt?¢ in fze rmpte, isuclxding alt tht• riry_h_ts of F_cr;est€ad a_:,d da;s~t,
<br />7'(3 Hr1YE .~iYU TfJ iiOLl! th¢ pr¢mises atiove d¢st`rib¢d, xoith all the appurtenances thereunto belonging, :
<br />unto the said mortyage¢(.sl end to his, h¢r or their heirs and assigns faraver, protad¢d always, and these presents cr¢
<br />upon the erpress Condition that if the said mortgagor(s), his her or their heirs, executors, administrators or assigns
<br />shall ¢ay or cause to be paid to the said mortgagoe(s), hit, h¢r yr their Jtcirs, executors, administrators or assigns, the
<br />¢rinripal sum of $ 16,000.00 payable as fa!ltxvs, tou+t:
<br />$1G,000.00 on or tefore July 7, 1987
<br />I with iettw¢st according !a the tenor and effect of the mortgagors scrcait¢n promissory Harp bearing even date 2eath these
<br />j presents a»d shall ¢ay all taxes and assessments tevi¢d upon sai<t rent estate, end at! ath¢r taxes, toads acrd assessments
<br />t~ ~=d gp;=F ~,.~ :.~-_'ty'vy~ ~*r _., iota F,..,.,_ _.u m yayE ° _ =mar .~ ..F. -~f~e: t x- saaxe CF. as~a dE-ir~.cttan:, c.3d
<br />' kelp t$t Duiidings an said prr°misss insured ;ar the sarn of '~I4, OOE1.00 ~ r toss, it any, tavablt' to the said
<br />mortgagee, then thes¢ presents to b¢ void, otlt¢rwi.se to be and rc+nain in felt jare¢.
<br />' IT IS ~URTHEI2 AGREEI3 (t) That if th¢ said rnartyttgar sJta?l fcxit fa pay such texas ar prvcart such in- i
<br />suranca, tJte said tnprtgag¢e mar poi such ta.~-¢s and procnr¢ stub insnranee; and tPse swn sa adr:a:reed, oath intarart
<br />t at 14 p¢r.c¢~T~=.i~rail ~A'"rdj~asc( by_,~raiih ntartguyor, and Chi,; martgag¢ shall stand as security far the saan¢. '
<br />(a) That a fastura ?fin ~a arip a! "m:d nsusY,y, eitH¢r principal or i»t¢rest, tvA¢n th¢ same becatn¢s doe, or a faitur¢ to
<br />comply nith any of the ;- .y.:ing ayreem¢nts, sleatt caus¢ the tvhcle sum of money herein ,centred to hecom¢ duo and
<br />¢otlectible ad once at th¢ option of the martgaga¢.
<br />.Signed this !r rh day of ~ rt ~~;F t9 ~ ,
<br />,,.
<br />,:' ~-r''
<br />' In Arast"+ua of '~
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