|
<br />~~ ~~ -
<br />~.
<br />$SAL ESTATE MORTGAGE
<br />RNA 1~LI, M HX THE58 PRffiENTS
<br />That, Ho-Qtt-Sclsu Land Company, a corporation duly organized and existing
<br />under ttse lave of the State of Nebraska, as mortgagor, in consideration of
<br />S$YENTF--ffiINN 2~ANf# AND Nii~lOfl DOLLARS ($79,0.00), in hand paid, do hereby
<br />grit, bargain, sail and convey unto the First National Bank of Grand ,Island,
<br />-Grand IsiatAd, Nabraeka, a banking corporation of Grand Island, Hall County, Nebraska,.
<br />as mortgagee, the follu3ring-described real estate situated in Hall County, and
<br />State. of Nebraska, to-vit:
<br />Southa~eat Quarter of the Southeast Quarter (includiag Lot Tea (IO) of
<br />Vaientiae Park, now vacated) in 5ectioa 22 in Township 11 North, Range
<br />i0 West of `che 5th P.M., except tract deeded to the State of Nebraska,
<br />recorded 1n Deed Record 143 at Page 441, Hall County, Nebraska,
<br />The West Half of the Southeast Quarter (its SE~i) of Section Twenty-Saves
<br />(27), in Tovnahip Elevc,. (11) North, Range Nine (9), Weat of the 6th P.M.,
<br />in Hall County, Nebraska, excepting therefrom tracts of ground more
<br />pazticulariy described in Corporation S~arramy Deeds recorded in Book 162,
<br />Page 120, sad Book. 167, Page 492, in the office of the Register of Deeds,
<br />Hall County, Nebraska.
<br />Fart of the Saueheaat Quarter of the Southwest Quarter {SE~t SW~L) of
<br />Sectiaa Twenty-Seven (27), Township Eleven (11) North, Range Niae (9},
<br />hest of the 6th P.M., in Hall County, Nebraska, more particularly
<br />described as follows: Beginning at a point on the Eaat iine of said
<br />Southwest Quarter {Saba), said point being forty-five (45.0} feet North
<br />of the Southeast corner of said Southwest Quarter (St~a), thence Northerly
<br />along said east lice of Sa1Ia, a distance of Seven Hundred Ninetq-Eight
<br />{798.0) feet; thence veaterlg parallel to the South Line of said
<br />Section Ts~enty-Seven (27}, a distance of Six Hundred Forty-Eight and
<br />eviaety-Six Hundredths (64l1.R6} Feet; thence Sautherly, a distance of
<br />Seven Hundred Nicety-Eight {798.0} feet, to a point Forty-Five (45.0)
<br />feet North of the South Iine of said Section Twenty-Seven (27); thence
<br />Easterly parallel co said South Line of Section Twenty-Seven (27), a
<br />distance of Six Hundred Sixty-Five and Eight Hundredths {665.08} feet
<br />to the place of begizming and containing 12.035 ac=es, more or less,
<br />tagethar with a12 ispgcrvementa therecsn, including all hr~ating, gas, and plumbing
<br />apparstssa, a~ fixtures as~rl appurtenances thereunto belat<gtng; sad all coveaanta
<br />and all title deeds rustning with suds lands; and all rents, issues and profits
<br />arising therefrom after default in perfarmaace of any coavenant ash condition
<br />therein cosatained; the iateatioa being to caavey hereby an absolute title in fee
<br />siaple and to convey all and everq right. title sad interest of such Ho-Otc-Schu
<br />Land Company, a corporation, in and to sash real property.
<br />The mortgagor does hereby covenant with the mortgagee, its successors or
<br />assigns, that it is la>ifally seized of said premises; that such premises are free
<br />Eros aseu~rances asxi that they will warrant and-defend such premises against
<br />lawful claisa of any and all persa~ whosoever.
<br />TO FU-VE A~lI1 TO HOLD the premises above-c#eacrihed with all ia~rovemeata
<br />t~treoa, including all heating, gas act piusbiag apgeratua sad fixtures and a21
<br />~ntrteneascea Cherevnto belonging unto the said The First National Bank of Grand
<br />Island, Grand Isiami, Nebraska. and td its successors sad asaigae forever, Provided
<br />alvags. and these presents are upon the express condition that if the said mortgagor.
<br />its auccessazs or assigns, shall pay or cause to be paid to The First National Bank
<br />of Gxaasd ialaQed, Grand Island, Nebraska, its successors or assigns, the cum of
<br />~~~rrasz-a+aa"~r a'uv'c`~w'~'i ~ iv~i"~.3` 3d3£L ($7`~ ^vfl`J.00 , plus interest at t:ie =at€ of
<br />laces ter C,~st 1 par ammat troy date until due, and wins interest at the. rate
<br />of llntaty Far Gat (20E) par annum after due until paid, ail accord3ag to the tenure
<br />amdi.affect of the os proaissary note of the mortgagor hearing even date with these
<br />pseam4ia, aba21 pay all taxes and asaeasmeata levied an this mortgage or upon notes
<br />t~lth thtaf mozigsea is given to secure before the ease becomes delinquent; shall keep
<br />the t~slldings oa saiai praxises iaaured for the sus of at least $79,000.00 lose, if
<br />sag, payaob3e to amch mortgagee, its successors or asaigas, and deliver to said
<br />morn, its successors or assigns, the policies for said insurance, seal shall not
<br />passit az cosmic eery a+aata itf+cm such real progazty, then these preseata to be void,
<br />othsnriss to ~ and resin !a full force aa! effect.
<br />
|