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56-A-REAL ESTATE MORTGAGE (Corp.}-With Tax Clauu {Revised 1982) 1i+e HeEmea Gwent ewW1 Rees, L'mnia, Rte.
<br />423.E
<br />E:Ir'OW ALL MEN BY THESE PRESENTS: That Nid-Continent Enterprises, Inc.
<br />a corporation organized and existing under and by virtue of the laws of the State of Nebraska is
<br />consideration of the sum of Sixty Nine Thousand Nine Htmdred and na/100 ---------------- DOLLAgg
<br />in hand paid, does hereby SELL and CONVEY unto Commercial National Bank & Trust Co.
<br />of Ball County, State o[ Nebraska the following described premises sitmted
<br />in Ball County, and State of Nebraska , to-wit: Lot Nine {9)
<br />Block Two {2}, Continental Gardens, an Addition to Grand Island, Ball Cotmty, Nebraska.
<br />In tks° event the title to said real estate is transferred, or contracted to be trans£err<
<br />from the tmdersi5rled for any reason or by any method whatsoever, the entire principal sus
<br />and accnaed interest shall at once become due and payable at the election of rile holder
<br />hereof. Failure to exercise this option because of transfer of title as above stated in
<br />one instance shall not constitute a waiver of the right to exercise the~same in the evens
<br />d£ any subsequent transfer.
<br />The intention being to convey hereby an absolute title in fee simple.
<br />TO HATE AND 'FO HOLD the premises above described, with all the appurtenances thereunto belonging unto the said ~.
<br />Mid-Continent Enterprises, Inc.
<br />and to heirs and assigns forever, provided always, and these presents aze upon the e:presa condition that if the
<br />said Mid-Continent Enterprises, Inc.
<br />or assigns st:alt pay or cause m he paid to the said Commercial National Bank & Trust Co, , Grand Island,
<br />Nebraska
<br />heirs, executors, administrators or assigns, the sum of Sixty Nine Thousand Nine Rundred------Hollers, payable a6c;
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<br />with interest thereon]kE Rayab!e 7C `( according to the tenor sod effect
<br />of x0:3fa certainp.~mi~nry note or notes of said aa.d°Continent Ens
<br />terprises, inc. $atdedn8~/a1r2~/t~_&0 or as such note or notes may be from tame to time modified,!
<br />renweor ate 1~ nn~ shell
<br />pay alt razes and assessmen[s levied upon said real estate and alt other razes,
<br />levies and assessmen4 levied upon this mortgage or [he note which this mortgage is given to secure. before the same becomes
<br />delinquent, and keep the buildings on said premises insured for the sum of $ 69 900.00 .loss, tf any, payable to the
<br />said mortgagee. then these presents to he void, otherwise to be and remain in ~ull force.
<br />IT IS FCFRTHER AGREED, (1) 'ITat if the wid mortgagor shall fail W pay such fazes or procure such insurance, the
<br />said mortgagee may pay such taxes and Procure such insurance; and the sum so advanced, with interest at 13.0 per
<br />cent shall be repaid by said mnrtgagoq and this mortgage sl+all stand as security For same. (2) That a failure Co pay any o{ ,
<br />said money. either principal o in[e-rest when the same betx,me due, or a failure to comply with any of the Coregoing agree- `
<br />menu, shat cause the whole sum of money herein secured to become due end collectible at once at the option of the mortgagee. ',
<br />IN WITNESS WHEREOF, the said Mid-Continent Enterprises, Inc,
<br />has he~unto caused its cot7wratu Deal to be affixed and these presents to be signed by its Secretary-Treasurer
<br />this ! L2th day fl August I9 BO -'~
<br />S~ ed, seal end delivered in presence of
<br />~~.~~~:~._ ~..~.,--:.:.._..._...___ ...._....___ t~.idresratinelit..Estke>;a?xisas...L~[tc...__...... . _..... '.
<br />STATE OF._......NRbxa9ka ... County oi........_Ball...._.._......_..__ .............._.._.....€~.....
<br />Before me, a rtoWry public qualified in said county, personally came Glenn Wll son, Secretary-Treasurer
<br />&~ of
<br />Mid-Continent Enterprises, Inc. ,acorporation
<br />know[[ to me to be the president end identical person who signed the foregoing instrument, and acknowledged khe axentnoa
<br />thereof to be his voluntary act and deed es such officer and the voluntary act and deed of said rnrporstion and that its rnr-
<br />~porate sea( thorny.
<br />-- W' h on._........_..__Atignst_......_..12.........._. ...._ ............... .. - 19...O.Q__.
<br />Cslr-6l~Ms+.~2}y,f yA ~? L~,~..._~,
<br />My co expires ................. !'.:.~~_...._., 19.~.'~..-. .._..........~.~.... /.:.... _..-...-......_.Notary Public.
<br />STATE OF.... _..._.._...._.........__ ................._._............1 Entered on nnmer~~~''~i'"""calllll index and filed for record
<br />ConntY .. ~ ss. in the Register of Deeds OBice of said County the !.
<br />........................daY of......................._...__............_..._ 19.._.__-.., at_...._...__......_.--......o'clock and.........._._....-___...minutes ......._,............DL,
<br />Brat recorded in Book .................._..___._......._..of.._........_...._....._._..... _...at page..... ......_._...._.__..__._.._....
<br />
<br />... ...._._..........._ Reg. of Aeeda
<br />BY..- ..._.._ ...._...._ ..... ... ......__ . - ... 1~-Duty
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