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52.^—REAL ESTATE MORTGAGE —(With Tax Clause)
<br />Huffman and Felton 8 Wolf, WOW, NO. 68+16)
<br />KNOW ALL MEN BY THESE PRESENTS: That
<br />-ALVIN J. GEMBALA and EDEAN A. GEMBALA, husband and wife----- -
<br />of
<br />of Hall County. and State of Nebraska in consideration the sum of
<br />TWENTY THOUSAND ($20, 000. 00) ---------------------- - - - - -- DOLLARS
<br />in hand paid, do hereby SELL and CONVEY unto
<br />BANK OF WOOD RIVER, NEBRASKA--------------------------
<br />of Hall County. State of Nebraska the following described premises situated ,
<br />in Hall County, and state of Nebraska . to -wit:
<br />Lots Thirteen (13), Fourteen (14), Fifteen (15), 11
<br />Sixteen (16), Seventeen (17), Eighteen (18),
<br />Nineteen (19), Twenty (20), and Twenty -One (21),
<br />in Block One (1), Clark's Addition to the Village
<br />of Wood River, Hall County, Nebraska
<br />'l
<br />The intention being to convey hereby an absolute title in fee simple, including all the rights of homestead and dower.
<br />TO HAVE AND TO HOLD the premises above described, with all the appurtenances thereunto belonging, unto the said
<br />mortgagee(&) and to his, her or their heirs and assigns forever, provided always, and these presents are upon the express
<br />cv"tiou that if the said mortgagor(s), his, her or their heirs, executors, administrators or assigns shall pay or cause to be
<br />paid to the said mortgagee(s), his, her or their heirs, executors. administrators or assignor the principal sum of s 20, 000. 00
<br />payable as follows, to wit:
<br />principal in the amount of $20,000.00 plus interest at the rate of ll' percent
<br />per anntmt shall be payable in 120 equal, monthly installments of $281.19 each,
<br />the first payment to be made 30 days after the date of this Note and a like
<br />amount on the same day of each succeeding month thereafter for a total of
<br />120 months.
<br />with interest according to the tenor and effect of the mortgagors written promissory note bearing even date with these presents
<br />and shall pay all taxes and assessments levied upon said real estate, and all other taxes, levies and assessments levied upon this
<br />mortgage or the note -which this mortgage is given to secure, before the same becomes delinquent, and keep the buildings on
<br />said premises insured for the sum of S 3 0 , 0 0 0.0 0 loss, if any, payable to the said mortgagee, then these presents
<br />f
<br />to be void, otherwise to be and remain in full force.
<br />IT IS FURTHER AGREED (1) That if the said mortgagor shall fail to pay such taxes or procure such insurance, the
<br />said mortgagee may pay such taxes and procure such insurance: and the sum so advanced, with interest at 16 per
<br />cent, shall be repaid by said mortgagor, and this mortgage shall stand as security for the same. (2) That a failure to pay any
<br />of said money, either principal or interest, when the same becomes due, or a failure to comply with any of the foregoing
<br />agreements, shall cause the whole sum of money herein secured to become due and collectible at once at the option of the
<br />r mortgagee.
<br />Signed this day of November 19 86.
<br />In presence of ...� .-a .. :._.................... . ......
<br />-....
<br />ALV`I J GEMS A
<br />.. .. .......... .._._...._............--- - - --.. .............. ..... f .� .. �. �s ........... ......--
<br />EDEAN A. GEMBALA
<br />.......... ................. ....... ... .... _. -- ....._ _.- ....._.._ ..... .... -.. _ _._......__............... .. .......__.......................................................
<br />SPATE OF ...... NEBRASKA.......... , County of .. .
<br />The foregoing instrument was acknowledged before me ............ November_ ..... ..... 198.6..
<br />by.Al- vin.J...Gemb040..4nd Edean A. Gembala, husband and wife, for the
<br />purposes therein stated.
<br />.............. .
<br />Signature of,Wrson Taking Acknowledgment
<br />leer..! .....................................
<br />Title
<br />SPATE OF ........................ .._ .............. .- ..--- -._..........._... Entered on numerical index and fled for record
<br />fm" in the Register of Deeds Office of said County the
<br />_ ..............dq u._...- ...... _ _. _....... _ . -. 19.........., at— . .......... ._.._..- ..__.oclock and _.._.... ... .... ... minutes _.............. ....._M.,
<br />ad recorded in Book-. -__. _. _ -- _ -------- - _ - of....
<br />.......- ..._.....at page.......__ -. ______........ ...
<br />Reg. of Deets
<br />By Deputy
<br />
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