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7 S~-REEAI. ESTATE MOATQAG~-(WtlL Satc Clsmtsl Holtman and FeRan & Wolt, Walton; Ng 68461 - .-- -
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<br />KNgW ALL MEN BY THESE PRESENTS;, That Jimmy E. Michel' & Lawanna L, t•$ick~el
<br />Each in his. and her-own-right and as spouse. of each other
<br />af' Hall County; ,and Stara of Nebraska , itt cansida-atim~ of :the sutra of
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<br />~; .Forty. Thousand and 00/100------------------------------------..-_- DDLLriRS i ,
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<br />j in-Land-paid, dv Lareby SELL and CONPEY unto FIVE, E?OINTS BANK
<br />'' of Hall County, Stara of Nebraska the following described preneisss situated
<br />~~ do Hall County, and Stara of Nebraska , to-writ: ~ !!
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<br />L Lots Eight (8) and Ten (10), In Block Ten ~-,.'
<br />(10) in College Addition To West Lawn In
<br />~_ ~ The City of Grand Island, Ha11 County, `~
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<br />T kr intratian beiny~ to coasrry lterrby an ahaetutr tilie in jet !impte, ettrdudin¢ nll the r.ghts cj honers!rrsd and dazerr. '.
<br />I Tq HAPIs .dNlt Tq IIgLU the premises above dtserdbad, zcith all the appurtenances thereunto brdonging,
<br />unto !ht raid mortgayrr(st and to his, her yr their hrirx and assigns forever, praxtidrd alzcxsys, and those pnse^nts err
<br />upon ttiu express condition that ij the soid mcrtgagor(s,r, his her ar !heir heirs, exerutors, admindrbators or asssynr
<br />shad! pay or cause to be paid to tkr said martgagee(s/, hie, her cr thedr heirs, exerutors, administrators ar assigxis, the ;
<br />pxintipal sum of .~ 40, OOfl,flfl paywLla ax jatdows, to zctit:
<br />$4fl,000.Ofl ~>ayaule on or b®fore 180 days due, January 5, :1.981
<br />Qntc=: duly 1 fi, 14~t1
<br />auith interest acrurdd»y to the tenor and affect uj the mortgagors written prwxiissury xiate 1{trttitft:ce>iAittXe+~k+ttt~hatr,
<br />presents and .rhaU day udl tares and assessments tcvird upon said rent rxtate~, end alt athcr pyres, d s and asssss+uauts !
<br />lat,iad upon this martya¢e ur the note which this martga¢e ie !?iven en secure, before the same Lecomes drtinqurrxt, and
<br />keep the busldixiys on said premises insured jar the sum of $ 4t}, 000.00 lass, ij any. payalrla to the said
<br />mort¢agae, tLan Lhasa presents to ba void, uthanvise to ba and reuutia ixi full force.
<br />IT IS FURTHER AG~ItEp;ta (xj Thal if the said mortgagor s1wU jai! to pay such taxes ar procure such in-
<br />suranta, the said mortgugea may pay .cock taxes and procure sucL insftrance; arod the sum sa adwxicad, zttiJh znrrrest
<br />at 14 par taxit, shalt lea rapau# ~ said mortgagor, axid thin uaortyaya shalt stand as seeuriy far the .ram.:.
<br />(sJ That a to' pq~v arty ~o~.t money, either prixirfpal or interest, zvha» the soma becomes due, ar a fdidura ro
<br />comply utdthi~,atpents, shalt Gauss the wlwk.rum of money herein secured to become duo and
<br />tallactrbla at our at the option of the martgayae.
<br />Sdgnad t 16 day of July
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