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<br />F:niDs3' ALL bfEN BY THESE PRESE11tTS: That
<br />JERRY R. FANOWICZ AND DEBORAH J. FANOWIC2, HUSBAND AND WIFE
<br />of ~flSL Ca_.~.~; ~ State of NE?~~SK.4 , in r~:,de~.;an aj the s~ of
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<br />TWENTY-FOUR THOUSAND AND 04/ 100 - - - - f70LL.3FtS
<br />in hand paid, da hereby SELL and CQNI~EY uftlo RUBY HOFRICHTER
<br />of HALL County, State of NEBRASKA tke fodlozvittg described prorates situated ''
<br />its HALL County, and Stara of NEBRASKA , to-~toit: I
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<br />LOT SEVEN (7), IN ED ROSS SUBDIVISION N0. TWO
<br />(2), IN HALL COUNTY, NEBRASKA
<br />SUBJECT TO A MORTGAGE OF RECORD IN FAVOR OF EQUITABLE BUILDING & LOAN ASSOCIATION OF
<br />GRAND ISLAND, NEBRASKA IN THE SUM OF $14,000.00 RECORDED AS DOCUMENT NUMBER 80_006663
<br />SN THE REGISTER OF DEEDS OFFICE IIV HALL COUNTY NEBRASKA
<br />The inteariaaoeing to corrt~ey hereby an absolute title in fee simple, including all the sights of homestead and dower.
<br />Td HAVE AND TO fiOLD the premises above described, zeriih all the appurtenances thereunto belonging,
<br />unto the said mortgagee(sj and to his, her or their heirs and assigns forever, provided always, and these presents are
<br />upon the espress condition that if the said morfgagor(sJ, his her ar their heirs, esetutoss, admirastrators or assigns
<br />shall pay or cause to be paid to the said mortgage¢(sj, his, her or their heirs, esecutors, adminfsbators or assigns, the
<br />pr*nctPa sum of S 24,000.00 payable as follows, to wit: PAYABLE--$201.81 SHALL BE PAID ON THE 13T'_
<br />:DAY OF MARCH,1981,AND A LIKE AMOUNT SHALL BE PAID ON THE 15T DAY OF EACH SUBSEQUENT MONTH TflERE-
<br />AI<TER UNTIL THE PRINCIPAL SUM, PLUS TNTEREST,HAS BEEN PAID IN FULL. FROM EACH PAYMENT SO PAID
<br />'INTEREST OF 9'~X PER ANNUM, BASED ON THE UNPAID PRINCIPAL SUM,SHALL BE COMPUTED AND DEDUCTED,tiND
<br />'.THE REMAINDER OF EACH PAYMENT SO PAID SHALL THEN BE APPLIED TO THE DIRECT REDUGTION OF THE PRIN-
<br />CIP.,L BALANCE. MORTGAGORS HEREIN SHALL HAVE THE PRIVILEGE OF PAYING ADDITIONAL PAYMENTS ON ANY
<br />ANGULAR PAYMENT DATE STOPPING THE INTEREST ON THE AMOUNT SO PAID. FURTHER,MORTGAGORS HEREIN
<br />AS~EE TO PAY THE UNPAID BALANCE.PLUS INTEREST TO DATE.ZN FULL NO LATER THAN FEBRUARY 1,1984.
<br />ueth interest according to the tenor and effect of the mortgagors Zvntten psomusosy note bea»ng even date zcith chess
<br />presents acrd shall pay alt taxes and assessments levied upan said real estate, and all other lasso, levier end asretstas>ott
<br />lezned upon tlda nto-tgags or the torte zahich this mortgage is given to secure, before the saws beconus det_enoasut, asd
<br />keep the britdaegs art said p-staises insured for the sum of $ 38,000.00 toss, if any, payable to the .raid
<br />mortgages, #hes these psssents to be z~aid, otherxviss tv be and semain ix full forre.
<br />fT fS FfiicTffEt? AGREED (t) 1 hat if the said mortgagor shall fad to pay such tares or procuae such ia-
<br />suraucs, the said mortgagee may pay such taxes and procure sxrh insurance; and the sum sa advanced, with interest
<br />at 16 per teas, stall bs repaid by said taartgrtgor, aad this mortgage shall stand as security for the s:.,,.e.
<br />{al Thot a failure to pay any of said money, either principal or interest, when the same becomes due, or a failure to
<br />tamely with any of the fersgoing agseets~tsts, shall tears the whale sum of looney herein secured to became due and
<br />catkcdbk at oars at the option of the mortgagee.
<br />Signed this 29th day of JANUARY
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