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<br />REAL ESTATE MORTGAGE-{WKfi Tax Clause) (Revised 196'c} 1b Huames f l Sw~ply T3wxe, Imo. Ndx.
<br />~ VV~ i
<br />KNOW ~SE PRESENTB: That Marvin V. Mercer and Marna L. Mercer, Joint
<br />Tenants in Coi®on with Rigltta of Survivorship w
<br />of Hall Connty, and State of Nebraska , in wneideration of the sum of j
<br />Thirty Five THousand and OOJ100----------------------------------------'----' Df3LLARS
<br />in hand pail, do hereby BELL and CONVEY unto FIVE POINTS BANK
<br />:-
<br />t
<br />of stall County, State of Nebraska tho following descnbed premises situated 1'
<br />in Hall County, and State of Nebraska , to-wit:
<br />~, - Lot Three (3), Block 1trenty- Five (25) in Russel Wheeler's Addition .to the ~ _
<br />~, Citg of Grand Island, Hall County, Nebraska
<br />The intention being to convey hereby an absoluke title in Fee simple, including all the rights of homestead and dower.
<br />TO HAVE AND TO HOLD the premises above described, with alI the appurtenances thereunto belonging, unto the said
<br />mortgagee(s) and to his, her or their hefts and assigns forever, provided always, and these presents are upon the express
<br />mndition that if the said mortgagor(s), his, her or their heirs, executors, administrators or assigns shall pay or cause to be
<br />paid to the said mortgagee(s), his, her or their heirs, executors, administrators or assigns, the principal sum of $ 35, 000.00
<br />payable as follows, to wit: i
<br />Payable on or before 180 days, February 19, 1981
<br />date: August 22, 1480'.
<br />with interest scconlfn6 to the tenor end effect of the mortgego ra written promissory note bearing g06K701{!6'4Y1im[I~@lli(a11F6is1Ut '.
<br />and shell pay all taxes and asseaaments levieai utx,n said real estate, and alt other texas, levies and asseeamenta Lvied upon this '~,
<br />mortgage nr the note which this mortgage is given to secure, before the name becomes delinquent, and keep the buildings on
<br />said premises insured for the sum of $ 3$,000.00 ,lose, if any, paYnble to the said mortgagee, then Were presents
<br />b be voul, otherwise to be and remain in full force. ~,
<br />i'P IS FURTHER AGREED (1) That if the aafd mortgagor shall fail to Pay ouch taxes or procure such inaurnnce, the !,
<br />said mortgagee may pay such razes and Procure such insurance; and the sum eu advanced, with inG:reat at 14 far
<br />cent, aFs11 be repaid by said mortgagor, and this mortgage shall eland as security for the same. (2) That a fnilure W pay any
<br />oI said money, either principal ar interest, when the same becomes due, or a failure to comply with any of the foregoing i
<br />agreements, shall cause We whole sum of money herein secured to bernme due and rnllectible at once at the option of the ~
<br />mortgagee. j
<br />Signed this 22 day of August 1980. ~
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<br />-STAT'C OF_.... NEBRASKA _. _._ __ ,County nC_..__Hal,l_..,
<br />Beforo ,me, a. notary pubih: qualified [or said county, Pereonelly coma Mervin V. Mercer and Marna L. j
<br />- McPGer--..
<br />j
<br />~known.xo use. to,:be the identical pemon or Persons who signed the foregoing instntment and acknowledged We execution 1
<br />theroot,to ba his, hei' or Werr voluntary act and deed, i
<br />p,,,~1 a /
<br />~~ W1Weas,my hand end no -lIMRf~tMISMF~"~'~»22... .. ~ 19. B~~G'K t~~ , -
<br />^r'fY comtuiMion expires:....... ~° ~'.~. ~ , ~~~ML:~ :G:...... otablie. ~
<br />3
<br />8TATIfi OF....... ,,....... ......... ... _... Entered on numerical index and filed for record
<br />~~ ~ ~ } ~' in the R
<br />t7ottnty ................._...._......,..._..........._.........__...._....... egiator of I)o vis OfTice of said CauntY rho ~
<br />._....._.._..........day of ..............................._................ 19............. sL.........................._...o'clotk r~td.__.._.._..... _..__....miautes .._._....__...-.fv[.. i
<br />and romrdad bs J3aak ............._...........................of__.__._..............._....___at page........__ ....
<br />... _...._.._......_ ..., f
<br />... _ .. ..... ..........._... ........ _._.._. Reg, o[ Ile+xix
<br />By...._.......___ _ _._... _.. ......_.._...Deputy ~
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