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$.Q~ ~~yQ2O~ MORTGAGE '~OTE 1
<br />250.000:00 3~-I Crand Island, Nebraska f--,i ~ ~~~ }y~ `i 7'G
<br />bA VALUF RECEIVE-, the undersigned jointly and severally promise to pay to
<br />=4Pi"lERCIAL NATIONAL BANK & TRUST COMPANY, Grand Island, Nebraska or order,
<br />.he principal sum of Two Hundred Fifty Thousand and no/100-------------------
<br />---------------------------COLLARS (S250,000.00 }, with interest thereon
<br />Erom the date hereof at t rate of Twelve Per Cent ( 12,0 ~)
<br />per annum payable as full:
<br />Principal and interest in _e sum of Six Thousand Six Hundred and no 100------
<br />----Dollars ($ 6.600.00 ) shall be due and payable on the !
<br />~, r 'i. F=f_--.,~i,t r /%~_, and a like amount on the 1st day of each
<br />ands every month Cnereazter w and inciuai.ug the i ~.~ :lay of „ «.~; ,
<br />%~'~, , and Che balance of said principal sw~n remaining unpaid plus interest
<br />shall be due and payable on the / .'-~ day of > ~, ~~t; ,,, G ~ ~ ; - j ~ ~ ./,-
<br />All such payments shall be applied first to payment of interest and any
<br />balance thereof to reduction of principal, both principal and interest to be
<br />payable in lawful money of the United States which shall be legal tender at
<br />time of payment, at the office of payee, Grand Zsland, Nebraska, or at such
<br />ocher place as the holder hereof may designate in writing.
<br />In case of default in payment of interest or principal, or any rsrt thereof, or
<br />in case of failure to perform any of the covenants or agreements contained ir.
<br />the mortgage securing this note, then said principal sum with accrued interest
<br />shall at the option of the legal holder hereof become at once due and payable
<br />without further notice. Failure to exercise this option in any one instance
<br />shall not constitute a waiver of the right of acceleration in the event of a
<br />subsequent default or transfer.
<br />This note is secured by a real estate mortgage of even date and in the same
<br />principal amounC as herein stated, executed by undersigned.
<br />Privileges are granted {1) to make additional principal pa.,znents in an amount
<br />which is in accordance with the plan of amortization of this indebtedness,
<br />an any interest date, the total thus paid in any calendar year not to exceed
<br />20% of the outstanding indebtedness; (2) to pay the entire balance of the loan
<br />on any interest date to and including , on payment of
<br />one percent (lk) of such balance as consideration and with 30 days' written
<br />notice; (3) to make, on any interest date thereafter, additional principal
<br />payments in an amount which is in accordance with the plan of amortization
<br />of this indebtedness, without notice except that if the entire balance is to
<br />be paid 30 days' written notice shall be given.
<br />In the event the title to said real estate is transferred, or contracted
<br />to be transferred, from the undersigned for any reason or by any method
<br />whatsoever, the entire principal sum and accrued interest shall at once
<br />become due and payable at the election of the holder hereof. Failure to
<br />exercise this option because of transfer of Citle as above stated in one
<br />instance shall not ennsrir~te a waiver of the rig<<t to eAarcise: tl~e same in
<br />the event of any subsequent transfer.
<br />This noCe and all sums due thereon, shall bear interest at the rate of 9%
<br />per annum after maturity, whether by lapse of time or by reason of acceleration
<br />of maturity as hereinbefore provided.
<br />F.aeh of the undersigned specifically charges his or her separate estate, }
<br />including both that now owned or hereafter acquired, with the payment vE
<br />':his note.
<br />The undersigned waive presentment, protest and notice, and the benefit of
<br />any homestead, exemption, valuation or appraiscment taws, as to this debt.
<br />Oral V. Tagus
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