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80- ~~i~.352
<br />NEBRASKA MORTGAGE
<br />THIS MORTGAGE, made this 15th day of August, 1980, by and between
<br />Craig L. Gillham and Maryann L. Gillham, Husband and kife, o£ the County
<br />of Hall, and State of Nebraska, for the purpose of this instrument here-
<br />inafter called MORTGAGOR, and ERA-CONESTOGA RFALTY, INC., of Grand Island,
<br />Nebraska, for the purpose of this instrument hereinafter called MORTGAGEE:
<br />4ATNESSETH: That said MORTGAGOR for and in consideration of the sum
<br />of TWENTY SIX HUNDRED DOLLARS (52600.00), paid to said Mortgagor by said
<br />Mortgagee, the receipt of which is hereby acknowledged, does by these
<br />presents grant, bargain, sell and convey unto the said Mortgagee, his
<br />successors and assigns, all of the following described real estate in the
<br />County of Hall and State of Nebraska, to-wit"
<br />Lot Three (3) in Block Two (2) in Ifii.ebe's Addition to the City
<br />of Grand Island., Hall County, Nebraska.
<br />This mortgage-shall be second and subject to a mortgage heretofore.
<br />executed by the Mortgagor to BEATA F. HASSEL, of Colorado Springs, Colorado,
<br />in the amount of Thirty Four Thousand Eight.i?iindred and no/100 DOLLARS
<br />($34,8'00.00). This mortgage shall all. be subject to z~ll rights, reservations,
<br />easements and exceptions of record, with reference to the property hereby
<br />conveyed.
<br />The principal balance of this mortgage outstanding under the Note
<br />secured hereby shall become and be i>®tediateiy due and payable at the option
<br />of the holder of *_he Note if the Mortgagors should sell or convey the premises
<br />without prior written consent of the holder of the NOTE. Failure to nav anv
<br />of the installments payable at the time when payable as set out upon the Note,
<br />which this mortgage secures, shall. also result in this mortgage being immed-
<br />iately due and payable at the option of'. the balder of the Note. The right of
<br />the Martgageeto declare the Note entire:iy dun and payable may be exercised
<br />at anytime upon Default of the Mortgag;ur and the acceptance of one or more
<br />installments made by the Mortgagor shall pat constitute a Waiver of the Nate
<br />ktoldnr's option.
<br />TO NAVE AND TO HOLD the soma al.l rights af. the homestead exemption
<br />upon said Mortgagee, and to his successors and assigns forever. Tt is ite rebv
<br />agreed that at the delivery hereof the Mortgagor is the lawful owner of the
<br />premises above granted, subject only to the prior mortgage in favor of
<br />BEATA F. t1ASSF.L, in the amount of Thirty Four Thousand Fight Hundred Dollars,
<br />and has good and marketable Title thereto.
<br />The Mortgagor is justly indebted and agrees to nay the Mortgagee the
<br />svm of Twenty Six Hundred Dollars, upon such terms and conditions as set out
<br />in the Promissv-v Note attached hereto.
<br />The Mortgagor agrees to pay all taxes and assessments upon acid property.
<br />IN WITNESS WHEREOF, the Mortgagors have hereunto set their hands this
<br />15th day of August, 1980.
<br />~ ~
<br />In presence o.f: „, - _
<br />~- 1~ ~~ ~ ~ ~~~~ yL
<br />STATE OF NEBRASKA ) ~ NBTIMY StttN q FMOr~
<br />SiAtdtEY 4. PETERSON
<br />s s : MY Camm. Erp. qua. 16, 1988
<br />COUNTY OF HALL )
<br />On this 15th day of August, 1980, before me, the undersigned Notary Public
<br />in and for said County, personally came Craig L. Cillham and Maryann L. Cillhxm,
<br />personally known to me to be the identical persons whose names are affixed to the
<br />above and foregoing 3.nstrument as Mortgagor, and acknowledged that said instru-
<br />ment and their execution thereof to be their voluntary act and deed.
<br />In testimony whereof, I have hereunto set my hand and affixed my seal on
<br />the day and date last above written. ~
<br />NOTARY PUBLI~,.~---~_~-_-_
<br />My commission expirea:_ ~.t, - i ~____~_,_~~T____
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