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- 8y-,REAL ESTATE MORTGAGE--(WifL Tax CLua) 8 j _.0 0 4 6 4 6
<br />Huffman and Felton 8 Wolf, Walton, fk. 68461
<br />KNOW ALL MEN BY THESE PRESENTS: That Ronald E, Trampe and Shazon E. Trampe
<br />P.usband 6 Wife
<br />of Hall County, and State of Nebraska , in consideration of the sum of
<br />Twenty five thousand and no/100----------------------------------($25,000.00) DOLLARS
<br />in hand paid, do hereby SELL and CONVEY unto Grand Island investment Co, ~ A Nebraska Corp. )
<br />204 North Walnut, Grand island, NE G8601
<br />°f Hall County, State of Nebraska the following described premises situated
<br />m Hall County, and State of Nebraska • to~¢ent:
<br />The Westerly one-third (1/3) of Lot Two (2) in Block Eighty-0ne (81)
<br />in the Original Town now City of Grand Island, Hall County, Nebraska
<br />Tke intention being to convey hereby an absolute title in fee simple, including a![ eke rights of homestead and dowt-.
<br />TO FIAVE AND TO HOLD the premises above described, xvilh al! the appurtetiancts thoennto belonging,
<br />unto the said mortgagee(s) and to his, her or their heirs and assigns forever, prox~ided always, and these presents are
<br />upon the express condition that if the said mortgagor(s), his her or their heirs, executors, administmto-s or assigns
<br />shall pay or cause to be quid to the said mortgagee(s), his, her or their heirs, executors, administrators ar assigns, the
<br />principol sKm of $ 25,000.00 Payable as follows, to wit: Payable in twenty-four (24)
<br />installments of $311,00 including interest, with the first payment being due October
<br />1, 1981 and like payments due the first day of each month thereafter until September
<br />1, 1983, when the remaining principal balance becomes due and payable unless mutually
<br />agreed by both parties otherwise.
<br />with interest according to the tenor and effect of the tnortgagors written promissory Hots baarixg tven dots with these
<br />presents and shall pay all taxes and assessfnents levied upon said real estate, and all other taxes, levies and arsessmenRt
<br />lesnad neon this mortgagt or the note which this mortgagt i.r given to secure, before the same becomes detiwquent, and
<br />beep the buildings on said premises insured for the sum of $ 25,000,00 loss, if any, payable to the said
<br />mortgagee, then these presents to bs void, otherwise to be and remain in full force.
<br />IT IS FURTHER AGREEA (r) That if the said mortgagor shalt fail !o pay such taxes or procure swab in-
<br />suranca, the said. mortgagee may pay suck taxes and procure such insurance; and the sum so advanced, with interest
<br />at 18 par cent, shalt bs repaid by said mortgagor, and this mortgogs shall stand os security for the same.
<br />(t) That a failure to pay any of said money, eithw principal_or_ interesF, when eke Sams bteonws dw, or a failure to
<br />comply with any of the foregoing agraaments, shall cause the whole sum of money hsreia secured to become due and
<br />collechblr at once at tht option of the mortgagee.
<br />Signed this .lC- day of C~u3..rt' ..r.. ~`- , °:_~_.-_ _
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<br />_ ~n presence of _ ........ ...:..~d`..........._~~....._..............
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