Laserfiche WebLink
<br />REAL ESTATE MORTGAGE <br />ICN(?W ALL MEN BY THESE PRESENTS <br />TBAT <br />~I-- ie~5698 <br />~' <br />-rnunr ~_ EC~I.SONI aril SAID IE S. FOLSOM. Husbarr] and Wife <br />(whether one or more, herein called Mortgagor) of HALL <br />County and state of ~ , in consideration of <br />the sum of EIGHT ~~ `~~ID AND X1100---------- DOLLARS <br />in hand paid, do hereby SELL and CONVEY unto TAE OVERLANS NATIONAi• <br />BANK OF GRAND i's'IADID, Grand Island, Nebraska (herein called Mortgagee) <br />of _ uA7S. County, and State of ~ <br />the following described premises situated in F1ATL <br />Gaunty, and State of NEBRASKA __ _, to-wit: <br />A tract of .land cargrising a part of Block Twenty Five (25), Original <br />Town of Grand island, Nebraska, and part of Block ZWe-nty Five (25) in <br />Nagy's Addition to the City of Grand Island, Nebraska <br />The intention being to convey hereby an absolute title in fee <br />simple including all the rights of homestead and marital rights, <br />if any. <br />TO HAVE AND TO HOLD the premises described, with all the <br />appurtenances thereunto belonging unto the said mortgagee or <br />mortgagees and to its successors and assigns, forever, provided <br />always, and these presents are upon the express condition that <br />if said mortgagor ar mortgagors, its, his, her Rr th~:ir heirs, <br />personal representatives, succcrssars or assigns shall pay cr <br />cause to be paid to the said mortgagee or mortgagees and to its <br />successors or assigns the sum of ~tairl~ r:.lcrhrv Thn:~~nd and Na/1C~ <br />Dollars presently advanced and the amount of future advances to <br />the Mortgagor which together with the amount presently advanced <br />shall not exceed the fatal sum of E.:a-'rt ::',a~~=d ?~ ~"~ "~11~0 DY11ars <br />at any one time unpaid and outstanding, duo and payable, <br />with interest, according to the terms of the mortgagor's promis- <br />sory note(s) referring to this mortgage and evidencing such <br />advances, it being the intention and agreement of the parties that <br />the mortgagor will from time to time repay advances secured by <br />this mortgage according to the terms of promissory note(s) <br />evidencing the same and the mortgagee from time t.o time may, at <br />its option, make future additional advances and readvanees and <br />renew or extend note(s) evidencing outstanding indebtedness which <br />shall be secured hereby; provided only that the total principal <br />amount of unpaid indebtedness secured by this mortgage shall not <br />at any one time exceed the maximum amount above stated plus any <br />advances to protect the security. The mortgagor shall pay all <br />taxes and any interest and maturing installments of principal <br />due an any prior mprtgage and assessments levied upon said real <br />e$tate and all other taxes, levies' arrd assessments levied upon <br />this aortgage ar the debt which this mortgage is given to secure, <br />before the same becomes delinquent and keep any buildings an <br />said premises insured for the sum of $,~g loss, if <br />any, payable to such first mortgagees or ti~mortgagee, ar both, <br />then these presents shall be void, otherwise to be and remain in <br />full farce. <br />IT IS FURTHER AGREED (1) That if said mortgagor shall fail <br />to pay such taxes and such interest on, or maturing installments <br />of principal, duo on any prior mortgage and procure such insurance, <br />