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<br />REAL ESTATE '~RTGAt~E
<br />KNOAI ALL MEN SY THESE PRESENTS:
<br />That DUGAK FUNERAL SERVICES, INC. and WILLIAI3 F. DUGAN
<br />IIadge County, and State o£ Nebraska, in consideration of the sum
<br />a£ F4ItR HUNDRED NINETY ONE THOUSA,YD, TWO HUNDRED FIF'PY MDLLARS
<br />{#d9I,254.44} in hand paid, da hereby sell and convey unto
<br />LIVINGST4N-SONDERAfANN FUNERAL HOME, INC. of Hall County, State
<br />of Nebraska, to-wit:
<br />Fractional Lot One (1}, Fractional Block One
<br />Hundred Three (103}, in Railroad Addition and
<br />its complement Fractional Lot One [1}, Fract-
<br />ional Black One Hundred Three (103), Koenig
<br />and Wiebe's Addition to the City of Grand
<br />Island, Nebraska, and
<br />Fractional Lot Twa (2} in Fractional Block
<br />One Hundred Three [103), in Koenig and Wiebe's
<br />Addition, and its complement,, Fractional Lot
<br />Two (2} ir. Fractional Block E3ne Hundred Three
<br />{103} in Railroad ;4ddition, bath being additions
<br />to the City of Grand Island., Nebraska, and
<br />Lot Three (3}, in Block One Hundred Three [103}
<br />in Koenig and `vViebe's Addition to the City of
<br />Grand Island, Nebraska.
<br />The intention being to convey hereby an absolute title in fee
<br />simple, including all the rights of homestead and dower.
<br />Ta have and to hold the ~>remises above described, with
<br />all the appurtenances thereunto belonging, unto the said mortgagee
<br />a<-,d t~ ,ts successgrs and u~aigns €orever, Isrovided always and
<br />t£esv presents are upon the express condition that if the said
<br />mor}gagars, their heirs, executor>, administrators ar assigns
<br />_. - _ pa-Y ~~ =use aid ti;e said mortgagee, ~ts su;.cessors
<br />~=~+assi~ns3 T~~ p~'Fn.:zpa? sum~vf ~4Q1,?SO.vD, payable oY~er a
<br />period of twelve (12} years with the payment to be made annually
<br />on the date of this instrument with the first payment to be due
<br />and payable one year from this date, with all payments in the
<br />afftouni of $72,097.48, which amount reflects an equal amortization
<br />of the principal amount, bearing interest at ten [10} percent
<br />per annum amortized over said twelve year period. This mortgage
<br />is sutsjeet to the provisions contained in the parties' Promissory
<br />Note and Contract of Sale of Business Assets dated November 4
<br />19&0 providing for acceleration of payment on default a payment.
<br />Mortgagorsshail pay all taxes and assessments levied
<br />on said real estate and all other taxes, levies and assessments
<br />levied on this mortgage ar the Note which this mortgage is given
<br />to seeuxe before the same becomes delinquent, and to further
<br />keep the building on said premises insured against all casualty
<br />lass aL all times in the"miz~inum amount o£ ~1,00t1,Ot}0.00
<br />said ;pol~%y of insurance tq be payable to the parties as their
<br />interests appear hereunder, and +znder the parties Promissory
<br />Note of same date, then these presents tq be void, otherwise to
<br />be and remain in full farce and effect.
<br />It is further agreed that if the said martgagax shall
<br />- fall-- tS4 T}aY sllCIY tH~[8s nr nrnsa~re ¢+u-h Sx3 Siirarirn thn c?airl xnA rf £s2lara
<br />ma - _-° :rocureFsuchRiresurance; and the-sum sa ad~S.._
<br />y pay such taxes and }^
<br />vatt~sd-wath interest at twelve percent per annum shad be repaid
<br />
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