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i 5@-A-REAL ESTATE MORTGAGE {Corp.)-With Tax Clause (Revised 79b2) The ;iut>m~ t;eoaat sut,Wy Hume, I3emty N.t,c --
<br />~ 1{1tiOW ALL bfEN BY THESE ?RESENTS: That Regency Construction, Inc. -
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<br />~ a corporation organized and exiu-ting under and hY virtue of the laws of the State of Nebraska -
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<br />consideration of the sum of Eight Thousand and n0/100 -------------------------___-____~L-LAS-.
<br />i in hand pafd does hereby SELL and CONVEY unto Commercial National Hank & Trust Co. - -- -
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<br />~ of Hall County, State of Nebraska the following described premiaea sitttated-. i
<br />in Hall County, and State of Nebraska }~„~:
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<br />f Lot One Hundred Forty Seven (147) in Buenavista Subdivision, an Addition to the C3tyof-.
<br />~ Grand Island, Nebraska.
<br />In the event the title to said real estate is transferred, or contracted to be trans-
<br />; i ferred, from the undersigned for any reason or by any method whatsoever, the entire-
<br />principal sum and accrued interest shall at once become due and payable at the election: ~ t`
<br />i of the holder hereof. Failure to exercise this option because of transfer o£ title as ~
<br />above stated in One instance shall not constitute a waiver of the right to exercise the ~ ;?
<br />;same ir, the event of any subsequent transfer. i
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<br />The intention being to convey hereby an absolute title in fee simple. i -
<br />TO HAVE AND TO HOLD the premises above described, with atl the appurtenances thereunto belonging unto the said
<br />Commercial National Bank & Trust co.
<br />j and to lt5 heirs and assigns forever, providzd always, and these presents are upon the express condition that if the
<br />said Regency Construction, Inc.
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<br />1 or assigns shall pay or cause to be paid to the said Commercial National Bank & Trust Co.
<br />heirs, executors, administrators or assigns, the sum of Eight Thousand and rio/100 ----------Dollars, payable7ox I
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<br />:viih interest thereon 7IDtXXXXXXY,)7psX7FIXGLpf&37C~]C payable
<br />~, according to the tenor and effect
<br />„t a Certa]~romi=airy note or wt^ht~as.=yxs vow Sri. ~,a notes of said ReaencY Construction,
<br />Znc. dated 7/21/80 or as such note or notes may be from time to time modified, renewed, fir
<br />- ~ ~'7~'~tt,ytand shall pay all taxes and assessments levied upon said rea) estate and all other fazes,
<br />€ levies and assessments ;r~-ied upon this mortgage ur the note w}tich this mortgags is given to secure, before the same 6ecvmea -
<br />' delinquent, and keep the buildings on smd premises insured for the sum of .n B, 000, QO ,Toss, if any, payable to the
<br />said mortgagee, then these presents to be void, otherwise fo t,e and remain in full force.
<br />IT 15 FURTHER AGREED. (1) That if the said mortgagor shall fail to pay such taxes or procure such insurance, the '
<br />i said mortgagee may pay such tars and procure such insurmue; and [he sum so advanced, with interest at 15.0 por
<br />cent shall be repaid by said mortgagor, and this mortgage shall stand as security for same. (2) That a failure to pay any of
<br />said money, either principal nr interest when the same become due, or a failure fo comply with any of the foregoing ngree-
<br />meats, shall cruse 4e whole sum of money herein securc¢f to become due and collectible at once nt the option of the mortgagee.
<br />IN WITNESS ~~tHEREOF, U,e .aid Regency Construction, Inc.
<br />~.~ has hereunto caused its corporate seal to be affixed and these presents to be signed by ib President and Secretary-Treas.
<br />i this 21st day of July ly 80
<br />f'~'~\Signed sealed and delivered m p~`resfe9~~ce of
<br />- /u°-'~ _- . ~~_ ~r-%!,t t. /(. J-. ._ _ Re - cY. Co struction, Inc.. ~----
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<br />--... v ~~ 5.t:~a't, tc ~'3`a,SS ~~"e~'-~`'rea
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<br />STATE OF..........Nebraska ....__.. . __._. - ......_ ,' County of. ..... ...Hall.......... ._......---.._......_........:
<br />- i3efore me, a nat3ry Irubiie- qusiiaed in said 'county, Imrsanally came Roger LUft, President and Stanley
<br />- _ Garris,- Secretary-Treasurer 'T,'~.'G#Got
<br />Regency-Construction, Inc. , a corporation
<br />!known tq me to he the prexident and ~denttcal trrsv n who sign nl the foregoing instrument, and acknowledged the execution
<br />thereo[ to Tra his vnltmtary ace atul as such'~offtrnrand 1i~vroluntary agt'fiilti deetl~o{I said corporation and that its rnr-
<br />i pornte seal was thereto alTixed !ry i uthorti~iir~G .t. y,~r ~ ,
<br />Witrtess my hand srrci no ~ _ `'~ ;t6s~x ;`~ ly ...9o .
<br />j My eornmission ezPires. _~~.. ._._,:~* ~ 1 _.....Z7, t11n ~---~cf~ F' ~ c i:, -~.:._........ Notary Public.
<br />STATE OF....._.........._......._J..__.--_. ...-.. ... ~
<br />County - ~ ~~
<br />and recorded in Baok..._..........._....-.....---_._of_.-.....-.-------._._
<br />Entered on numerical index and filed for record
<br />in the Register of lleeds Office of said County the
<br />.._...._.. _.__~clock and.----.._..__.. _._.......minutee _._......_._..... M.,
<br />.at paga..._......_....._...____...._....._..
<br />...._.___._____.__......_....---..._ _ ............... .......Reg. of Deeds
<br />HY._. _........ ___..... _ -..-.Deputy
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