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<br />-33-R-REAt_ ESTATE MORTGAGE-With Tax Clause
<br />Huffman and fNion 8 Wolf, Watton, Ne. fi84S1
<br />KNOW ALL MEN BY THESE PRESENTS: THAT -anford L, Stout and Marilyn P, Stout, husband 1
<br />and wife, as joint tenants with right of survivorship, each in their own rights and-as j-
<br />spouse of the other (Mortgagor ) - j _
<br />of Hall County, and State of Nebraska , is conefdetsti4a of the sty of ~ -
<br />Thirty Thousand and no/100 ----------------------------------------------------BOI;i,gp;~,p
<br />in hand paid, do hereby SELL and CONVEY unto Commercial National Bank & Trust Co.
<br />(Mortgagee j 1-
<br />of Hall County, and State of Nebraska the following described preatiaes..
<br />situated in Hall County, and State of Nebraska to-wit: Lot One hundred ~-
<br />Forty-One (141) in Buenavista Subdivision, an Addition to the City of Grand Island-,-Hall;
<br />County, Nebraska - ,
<br />In the event the title to said real estate is transferred or contracted to be trans€erre _~~
<br />from the undersaid for any reason or by any method whatsoever, the entire principal sum --i6
<br />and accrued interest shall at once become due and payable at the election of the holder -!{
<br />hereof. Failure to exercise this option because of transfer of title as above stated in 's{
<br />one instance shall not constitute a waiver of the right to exercise the same in the event' h
<br />of any subsequent transfer. 3 ,
<br />The intention being to convey hereby an absolme title in fee simple including all the rights of homestead and dower.
<br />- ~ TO HAVE AND TO HOLD the premises alwve dewribed, with all the appurtenances thereunto belonging unto the
<br />said mortgagee and to its heirs and assigns, forever, provided always, and these presents are upon the express
<br />i crondition that if the aforesaid mortgagor their heirs, exeavtors. administrators or assigns shall pay or cause to be i
<br />paid to the said mortgagee its heirs, ex Yurors, administrators or avigns, the sum of Thirty Thousand and j
<br />no/100 --------------------------------------------------- Dollars, payabt®>{YallWti3~C ~
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<br />~ with interest thereon 7L7txxxxxx~3FWaf7WtfWfrW4thlWfi[ payable x~fg[lig} ail according to the tenor and effect of i
<br />~- a certain promiazwry note;ei(aodfs ox notes of said Danford L. Stout and Marilyr. ?, Stout dated 8~d6/Ri0
<br />-- ~, or as such note or notes may be from time to time modified, renewed or extended in writit)g ,.
<br />ypt~tnttaumd shall pay all tuxes and assessments levied upon said real estate, and all other taxes,
<br />' levies and assessments levied upon this mortgage or the note which this morrgage is given [o secure, before the same bernmes ~
<br />' ~ delinquent, and keep the buildings on s,id premises insured for the sum of $ 30,000.00 loss, if mty, payable to
<br />~ the said mortgagee. then these presents to he eaid, uthernise to be and remain in full force. I
<br />IT IS FURTHER AGREED (11 'T'hat if the said mortgagor shall Cail [o pay such taxes or procure each insurance, the
<br />- j said mortgagee may pay such tuxes and proavm such insurance; and the sum so edvan vvh with interest at 13,75 per cent i
<br />shall be paid by said mortgaKt~r, and this mortgage shall stand as security for the same. 12) 1'ha[ n failure to pay any of said ':'
<br />money, either principal ar interest when the some becomes due, or n (allure to comply with any of kte foregoing flgreements,
<br />shall cause the whole sum of money herein secwrd to become due and cullectihle at once at the option of the mortgagee.
<br />Signed this 16th day of August 19 60
<br />-~ y ,
<br />,~
<br />M presence of e`-t.C~i ,y, - • J~ ~ - .___ ,
<br />r
<br />D d ~Stoul:-
<br />~ _ !~,, ~ Mar lyn p, Stout
<br />. ~ S'PATE OF.......Nebraska__...___ _...... County of _ Hall '~.
<br />~'' I Before me, a notary public yuali&ed for said county, pereonuliy came Danford L, Stout and Marilyn F.
<br />1 i
<br />-~ ! Stout '
<br />known to me to be the identical person or persona who signed the foregoing instrument and acknowledged the rxeavii--- -
<br />~. thereof to hie, her or the¢ voluntary acl and da d. -
<br />MrYKMff14T~NsbrltMmY ,
<br />- ~ Witn mY Ii10~bPMIt~[eai on ...August lb,r , l9 80 ..l -~ .
<br />1 1,111108 BP Ilea. 16. 1 s J L /~~{„~.l /~J 7//~~.<.l
<br />~~ MY co eYPVes:.... ....L.C .. .....-. . 19 ... /a-.. ~/".. Jn"'' Notary Public ~~
<br />b
<br />'! i STATE OF....._.._.._ ............._._.............._......_.....__.. Entered nn numerical index and tiled for r cord
<br />i
<br />!' Count -. ~~ in the Register of Deeds Otiirn of said County the
<br />y .........................._........._._..........._..._._._._..
<br />I
<br />;' . . ................._.._.daY oE............_...._._................._....... 19.__...._., at....................---_.......o clock and._..... ....... ..........minutes ...... . . .M., '
<br />I
<br />'~ and recorded in Book.._._.-.----........___..._._.af.....__.._..__.___.__..__..at page._._..___....._...... __._... ..
<br />I~ ~ ._._.... ...._.._...._.__...._..._.. _. ... Reg. of Deeds
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<br />By ...... ................ ........ .. Deputy
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