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<br />REAL ESTATE MORTGAGE ~ ~ °""' ~~ ~ j ~} ~ ~) ~s
<br />KNOW ALL MEN BY THESE PRESENTS:
<br />That LESTER ROBERT LENTZ and FERN JEANETTE LENTZ, husband and
<br />wif^, of Hail County, State of Nebraska, herein called the Mortgagor,-
<br />in consideration of the sum of THIRTY T'~iOUSAND FIDE HUNDRED TWEN3`i' FINE
<br />AND NO110D ($30,525.00) Dollars in hand paid, do hereby grant, bargain
<br />sell and convey unto MARTIN S, McCONNELL and IRENE M. McCONNELL, husband
<br />and wife, herein called the Mortgagee, of Ha12 County, State of Nebraska,
<br />the following described premises situated in Hall County. and State of
<br />Nebraska, to-wit:
<br />Lot Eight (8}, Block Thirteen t13), Boggs & Hill Addition; City
<br />of Grand Island, HaII County, Nebraska.
<br />'The intention. being to convey hereby an absolute title in fee simple
<br />including all the rights of homestead and dawer.
<br />TO HAttE AND TO HOLD the premises above described, with all appurte-
<br />nances thereunto belonging unto the said mortgagees and to their heirs
<br />and assigns, forever, provided always, and these presents are upon the
<br />express condition that if the aforesaid mortgagees, their heirs, executors,
<br />administrators or assigns shall oav or cause to be paid to the said
<br />mortgagees, their heirs, executors, administrators or assigns, the sum
<br />of Thirty Thousand Five Hundred Twenty Five and °70/100 tS30,525.60)
<br />Dollars, payable as Follows, to-wit.
<br />Thirty Thousand Five ~iundred '.'wenty Five and `7oi100 tS30,525.00)
<br />Dollars, shall be payable by the nrrrmissor in two hundred
<br />nineteen (219; eonsec~~tive, equa: ^ronty:v installments of One
<br />Hundred Forty and "loll;3!7 ~~:~+C~. ~?) ^1o11ars aach, the first such
<br />~nstaiiment lacing due and aavau'e ,.. the ~Fr_h day of January,
<br />1981, with said c_o:,secutive ;nsta_:;tents being due and payable
<br />oa the 25th day of each and every mont4 thereafter until the
<br />•entire purchase Brice has been paid in ful' Such payments
<br />shall ntinue until hpril _'~ lp-= at which time any then
<br />remaining balance of principal steal: become at once due and
<br />payable in fail,
<br />and shall pay ail taxes and as-sessrnents '_e~aied upon said real estate,
<br />and all other taxes, levies and assessments levied anon this mortgage
<br />or the note which this ?~rtgaQe is ai~~en to secure, before the same
<br />becoe:es deliunuent, and ~eeep the buildings on said sremises insured for
<br />at least the sum of S35,r?00.?G less, if any, savable to the said
<br />mortgagee, then these presents ..., be .mid, :~thercaise to be and remain
<br />in f•,~11 force.
<br />IT 1S h'L'R"HER AGREEi:
<br />tl} That if the said -~ortoagor shall Gail to pay such taxes or
<br />procure such insurance, the said mortgagee may pay such
<br />taxes and procure such insurance; and the sum so advanced
<br />snail be paid by said mortgagor, and this martgage shall
<br />stand as security for the same.
<br />(2) That a failu_*e to pay any of said money, when the same
<br />becomes due, or a failure to comply with any of the forego-
<br />ing agreeF€ients, shai'_ cause *_he whale sum of money herein
<br />secured t0 become due and collectible at once at the
<br />option of the mortgagee.
<br />IPt A'ITYESS ~itiEREOF, the Mortgagor has hereunto executed this
<br />instrument this ~ day of January, 181.
<br />~'_' F
<br />~~ ter q~EZt EI. RLZrr
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<br />fern . ea_g tte entz x~-`~-`
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