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~u c~g..e watt ~m t ~ twee, wa,~. taa. bsa~t KNC)W ALI. ME.nI BY 'Tl-~F SE PRESENTv: ~ 1-~' Lt 5 "I ?~ THAT Brentwood Development Co~rany of Grand Island a corpora organized and eziating under and by virtue of the tams of the Stan of Nebraska in ~ `, eotxsidrrattats of the snm of TWO HUNDRED THOUSA`tD AxD x0/100-----------------------DOLLARS i; band ¢~d, dots hereby SELL and GONVEY unto The First National Bank of Grand Zsiand of Hall County, Stott of Nebraska the following described premises situated ~ Hall County, and State of Nebraska , to-mit: Lots Oae (1} through Twelve (12) inclusive; Block Three (3j, in Brentwood Second Subdivision in the City of Grand Island, Nebraska. Tht intention being to convey hereby an absolute title in fce simple. TO HAVE AND TO HOLD the premises above described, with all the appurtenances thereunto belonging unto tbesaid Brentwood Development Company of Grand Island and to its heirs and assigns forever, provided always, and these presents are upon the zxpress condit%on that if the mid Brentwood Development Company of Grand Island ar assigns shalt pay or cause to be paid to the said The First National Bank of Grand Island bsws, esecutors, administrators or assigns, the sum of Two Hundred Tt;ousand and no1100~{?etlars, payable as {o/loms.to-mit: payable according to promissory notes already executed and subsequent notes to be executed in regard to this tube d~ef~ ,3y mortgage indebtedness. rs~rhr dste¢ ,3q ~ ~ ,~9 Beilws~erFtlw• dagef ,may Heil®rttrotrtlte ~¢~ , ~'q with interest thereon at per cent per annum, payable annually, according to tha tenor and e~rct of the promissory note xlII~PINI!'f!!f'l~sphlt!!°dlTSt'/R~ of said Brentwood Development Company of Grand Island bearing even date with these presents and shall pay alt taxes and assessments levied upon said real estate and oll other fazes, levits and assessments levied upax Phis mortgage or the note which thu mortgage is given to secure, before the some becomes delinquent, and keep the buildings on said premises insured for the sum of $ 200,000.00 ,loss, if any, payable to the raid mortgagee, then these presents to be void, otherwise to be and remain in full farce. IT IS FURTHER AGREED, (r) That if the said mortgagor shall fail to pay such taxes or procure such ituur- anca,ehe-said mortgagee. may pay such taxes and procure such insurance; and the sum so advanced, with interest at per- cent shutl 5t repaid by sold mortgagor, and this mortgage shall stand as security for more. (z) That a fail>srt to pay awy of said money, tither principal or interest when the same become due, or a failure to comply with axy of tl-e foregoing agreaments, shall cause the ;whole sum of money herein secured to become due and collectable at oust of-ehe optics of the mortgagae. I11! WITNESS WHEREtfF, tlis said- Brentwood Development Company of Grand Island hasherewtt~ cetssed its: corpuratr seal to be off red and:thesr prrsanis to be signed by its President this 2$t_h day of October A. i7. ry 81. Signed,. sealed and delroered in pressnce of BRENTNOOD DEV T COMPANY OF GRAND I' CY , s ~_