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53-A-REAt_ ESTATE MORTGAGE-... Jt Tax Clause
<br />~tieHman agA ferias S weN, Walton, s#. 5$4£I ~ ,.
<br />I{N1OW ALL MEN EY THESE PRESENTS: THAT Thomas M. Farr and Nita J. Farr, -husnattd and- w%~ ,,,
<br />as joint tenants with right of survivorship, each in their own right and as. a: ttt~ ;
<br />other (~BeT 1
<br />~ Hall County. and State of Nebraska > in'~OD~e~~ ~ t~ wtm ~
<br />Twenty Five Thousand and noj1O0 -------------------------~--~-- _-_D©LLA~` ! ;
<br />in hand paid, do hereby SELL and COIV'VEY unto Commercial National Bank & Trust Co.
<br />. {Mortgegae .) ~~
<br />of Hall County, and State of Nebraska the following dearnlerF~Imm»i?e. i -
<br />aituated in Hall County, and State of Nebraska to-wtt: ~ _- _{ ,~
<br />The Southerly Seventeen and Eight Tenths (17.8) feet of Lot Twelve (12), and the Nortliex
<br />Forty Two and Two Tenths (42.2) feet ~ t Thirteen (13), all in Block Threw (3)- -
<br />In the event the'-title- to said real esbgte is transferred, or contracted to be- _
<br />transferred from the underlaid 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 electibn_
<br />of the holder hereof. Failure to exercise this option because of transfer of title as
<br />above stated in one instance shall not constitute a waiver of the right to exercise the'
<br />same in the event of any subsequent transfer.
<br />Southern Acres Addition to the City o ,rand Island-, Hall County, Nebraska.
<br />The it==tention being to cronvey ho: a6y an absolute title in fee simple including all the rights of homestead and dower. ~
<br />TO HAVE AND TO HGLD the premises above described, with all the appurtenances thereunto belonging unto the
<br />said mortgagee and to lts heirs and assigns. forever, provided always, and these presents are upon the espreas i
<br />' condition that iF the aforesaid mortgagor their heirs, executors, administrators or assigns shah pay or cause to be
<br />Paid [o the said mortgagee its heirs, executors, administrators or assigns, the sum of Twenty Five ThOllsand
<br />i and no/100 ---------Dollars, payable ~stfiarai4t
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<br />with interest f~:ereen 34xxx~:;cxrt]W6K~tttC1IS¢1tY1s>l~t, payable xlevemi r ail according to the tenor and effec'_ of
<br />`. a certain Promissory note ~X2R7[BC or notes o€ said Thomas M. and Nita J. Farr dated 7/7f80 or as such
<br />ntrte or notes stay be from time tc time modified, renewed or extended in writing,
<br />;tt67tiHtQC and shall pay all lases and assessments levied upon said real estate, and all other lases,
<br />:- levies and assessments levied upon this mortgage or the note which this mortgage is given to secure, before the same bemmes
<br />delinquent, a»d keep the buildings nn said premises insured for the sum of $ 25,000,00 loss, if any, payable to ~i
<br />~ the said mortgagee, then these presents to he void, otherwise to be and remain in full force.
<br />IT IS FURTHER AGREED (I) "Phat if the said mortgagor shall fail Lo pay such lases or procure such insurance, the !,
<br />said mortgagee may pay such taxes and procure such insurance; and the sum so advanced, with interest at 15.0 Por cent ~,
<br />shall be Paid by said mortgagor, and this mortgage shall stand as security for the same. (2) That a failure to pay any of said ~.
<br />~ money, either principal or interest when the same becomes due, or a failure to comply with any of the foregoing agreements, ~,
<br />shaft cease the whole sum oC money herein secured to become due and collectible at once at the option of the rt{,ortgagee.
<br />Signed this 7th day of July 19 80 ~%
<br />,(~!J JM,
<br />j In Presence of '4~>~~~~',r`X~`L~i'fl___' / ! . _._..llL2.:~.:. _._..
<br />Tk~pmas M Fa~ ~/
<br />I y ~
<br />~ r s ~ f ((( rirr
<br />~~~ ~~~ ~ t Nita J. Farr
<br />i ..... ` . , I S..S,~~........ ... .. .. - -.
<br />STATE OF_.........._Nenraska _....---..._. --_ ('.ounty of Bali _ ;
<br />Reform me, a notary Public qualified for said county, perso;aly came Thomas M. Farr and Nita J, Farr ~.
<br />Imown to me to be the identical pe nor pe ~q. who si,yn~ the foregoing instrument and acknowledged the execution
<br />thezeof to be hie, her or their volun act a~. ~' ~ - '
<br />'`~ J ~ /?
<br />V/itness mY head and na n.........5~te-d'~ . ......... ' .. ............ _.;~_.... I9...._fl9... '
<br />_o My c
<br />My cromrnisefon eapfres:_...~!-,fP..~4~!:`!R7:'"'_..-_,~.'~..79°~~w..,./~~~"'-~~' .....Notary Public.
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