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Mnm~rrsar_R rr r„nratienl--Witd,'I`ai Claaae Huffman and Felton 8 Wolf. Walton, Ne. 68461
<br />KNOW ALL iV1EN BY THESE PRESENTS: g l'"" ~~ ~ 61 r7
<br />THAT Ho-Ott-Schu Land Company
<br />a corporation orgauiaed and existing under and by virtue of the dews of the State of Nebraska in
<br />c~nstideratimn of the sum of ONE HDNDREA TEN THOIISAND AND NO/I00----------------------DOLLARS
<br />in hand Qaid, does hereby SELL - td CONVEY unto The First National Bank of Grand Island,
<br />of Hall County, State of Nebraska the fotluwing described premises situated
<br />in Hall County, and Stote of Nebraska , to-wit:
<br />SW~4 of SE's, (Including Lot 10 of Valentine Park, now vacated) in Sec. 12, Twp. 11N, R 10
<br />of 6th P.M., except tract deeded to State of Nebr. recorded in Deed Record 143 at Pg 441
<br />Hali Co., Nebr. The W'~ of SFi't: of Sec. 27, Twp. 11N, R 4W of 6th P.M., Hall Co., Nebr.,
<br />excepting therefrom tracts of ground more particularly described in Corporation Warranty
<br />Deed recorded in Book 162, Pg 120 & Book 167, Pg 492, Office of Register of Deeds, Hall
<br />Co., Nebr. Part of SEtt SW~t of Sec. 27, i'wp. 11N, R 9 W of 6th P.M., Hall Co., Nebr.,
<br />more particularly described as follows: Beginning at a point on the East line of said
<br />SW'~t, said point being 45.0 feet North of SE corner of said SW~L, thence Northerly along
<br />Bald east line of SW~L, a distance of 798.0 feet; thence westerly parallel to the South
<br />line of said Sec. 27, a distance o£ 648.96 feet; thence Southerly, a distance of 798.0
<br />feet to a point 45.0 feet North of the South line of said Sec. 27; thence easterly
<br />parallel to said South line of Sec. 27, a distance of 665.08 feet to the place of
<br />beginning and containing 12.035 acres, more or less.
<br />The intention being to convey hereby an absolute titfe in fee simple.
<br />TO H~1UF. AA'D TO HOLD the premises aboz~c described, euith all tltr appartenances thereunto bclouging unto
<br />the said The First National Bank of Grand Island, Grand Island, Nebraska,
<br />n»d to its heirs and assigns forever, provided alxuays, and these presents art upon the express conditio»
<br />that if the said Ho-Ott-Schu Land Company
<br />or assigns shat! pay ur cause to be poid to the snid The First National Bank of Grand Island,
<br />Grand Island, Nebraska,
<br />heirs, exeeatars, admirtistrntars ar assignt, the sum of One Hundred `ten Thousand & no---v'c.ltars, payabte as
<br />fallarvs, to-vrit_
<br />#ne hundred Ten Thousand and no,10t?4---Dollars art th€ 15th +Itty of December , Fg 82
<br />~eiierrtefs'+~Ittf + . ~
<br />i9si~tyrr#r ~7't+f . ~
<br />with interest thereon at 161tx per cent per annum, payablepeeember 15, 1982~wr+twiwt according to the tanar
<br />o»d e,ffert of the one promissory note u{ said
<br />Ho-Ott-Schu Land Company
<br />beari»g even date with these presents and shall pay ate texts and assessments levied npan soid real cstatc a~td a!1 other
<br />tastes, levies and ustessments lectied span this nouregage ur the Hutt .c~hich this murtyuyr is yiren !o secure, before the
<br />SOmf bfenmes deltngattiit, and keep the haifdtings un said prrmi.res insarrd fur the rain o% $ N/A ,loss, ij
<br />any, payable to the said mwtgagea, then these prrsrats to hr -Maid, uthrrzt+isr to be ur+d remain zn tuft fume.
<br />IT !S 1'UR7'HI:R .-ttGliEly/?, (ti Phut if the said murtguyur .cltaU fait to pay sacit tares or pracare saclt insur-
<br />ance, the said mortgages may poy such taxes and prorate Bach insurance; a»d the sum so advanced, with titterest at
<br />per ce±+t shalt be repaid by said r»urtgagar, a»d this mortgnye shall sea»d as serx>ity far saint. [s) Thut
<br />a failare to pay a»y of said money, rit~rr prtiwcipal ur interest sahetr the soma iseearrte dae, ar a fauars to cant ply ~t'tth
<br />any of-the foragaing agreements, sheet ;sass the .uhule sam of money herein secured to betume dtte and cut#rctabtr
<br />at oetce at the uptio» of the mortgagee.
<br />fN tf!lTNESS tVHEREOF, the said Ho-t?tt-Schu Land Company
<br />hat herra»to caused its corporate seat to be axed and !hest press»ts to be signed by its President
<br />this 15th da3' of December ~t. D. t9B1.
<br />Sipned, rented n»d delivered in prese»ce of
<br />_ .............................................................................................. HR-Qfi.CrNC'Ctlu..7.~2t1,d...~c'.41~g~Y................._.................
<br />....._ ................... .. ..... BtR. ,...: _
<br />......
<br />Rex .1, H, c`ttto, President
<br />
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