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xi;@.,,M~_-Wl ~E ia.l. it::i r,~4~•G'E'~. 31Vll ~~t?T~~rt;.$-.,. i~wa tJn "r;:.,a =:a~r~~rl~ 1~~~c urd isr,ci ~.'ai~::~ "f~a'dil,.:.;acain rat s'a'~urorv Frpw„ II.J~a+eei[o. . ~ if vt•IV'' ;;Ll. s.ty f~i" `T"rli=:: Pl'1.~.`._' f °~- T'(i,at fL~ldt3li F, plate a2'Pd Jearir~i.ce ~, v~+„a, nu~-band and :rife, and Richard L. Geist a:,d Barbara D, Geist, ausuand and :rife of Ball Caunty, an~i State of Ne17rd5'Ka . ir, ootnaideration of the snm of ~ Four Hundred Thousand and~AJlOO----- --------- ----- ---DOLLAR.4 in hand paid; do hereby SE 1.L and CU`: ~'E-Y cane James T. Clea*^,T, Francis %. Cleary, John F, Cleary, Anrl PSarie. Cleary (i of Swig-jrick Cou;.ty. =.ate o. Kansas the ioll~rvirrg described premises situated t ir. Hall Court}-, and"8*ate' of Nebraska , to-wit: Tne NOr-f,~'i Half of the 2lorthwest Quarter (N-NFF~) of Section Twenty-four (22t}, Township Eleven (11) €Nort'sl, Range Ten (10) West of the bth P.;R., Hall County, Pebraska, and that part of the South Half of the Northwest Quarter (SZNW~ } of Section Twenty-four (2!t) , To-,rnship Eleven ', (11) North, Range Ten (10) Tdest of the 6th P,NI., c~ilich lies North of Plew B.S. Higjlway #3~ in Hall County, Nebraska, excepting therefrom a tract of ground more particularly des- 'cribed in the quitclaim deed recorded at Book 1a9, Page 2lt7 i.n tl:e office of the Register 'of Deeds of HaII County, tebraska; and also excepting therefrom a tract of ground more 'particularly described in the quitclaim deed recorded as Document #77-0059lt7 :n the offic of the Register of Deeds of Hall County, Nebraska, Following the approval by the Hall County Regional Planning Commission and the ;,sty of Grand Island.of the subdivision of the subject property the mortgagees herein shall e~t:ute anti deliver a release from this mortgage platted rots totaling up t..^. 1~renty-Two (22) Acres. Further, as payments are made as prescribed herein mortgagees shall execute and deliver releases from this mortgage of platted lots totaling One (1) 4cre for each $u,5OG.00 paid. ')'hc= intension being to convey hereby ar. absolute title in fee simple, intruding all the rights of homestead and dower. TC} HAVE A'vJ li? I-i(~I.li the premises above dascrit;ed, with all the appurtenances thereunto belonging, eats the said martgageefsj and *.o his, her or their heir, and sssigns forever, pravided always, and these presents are upon the express candition that iC the said mort~a2or{s}, his, her or their heirs, executors, administrators or assigns ahali pay or cause to be paid to the said moztgagee(s}, his, her ar their heirs, executors, administratars or assis~is, the principal sum of : 1t.QG,000.(X1 payable as iouows, to «~t: Forty Thousand Dollars ($10,000.00) shall be paid on April 1, 1980, arld a like stem shall be paid on the 1st day of April of each succeeding year thereafter lntil a total of Six (6) such payments have been paid. With each payment so paid interest at the rate of 8~ per annum shall also be paid based on the unpaid principal valance. Beginning April 1, 1980 mortgagors shall have the option to pay additional sums upon the principal up to a total of ~60,OOp paid in any one year in addition to those ~syments previously prescribed herein, Interest on sums so raid will- terminate. On April 1, 1986 any balance still owing on the principal sum will be paid in full together with interest of $~ per annum based on the unpaid principal balance. v+:Ur interest accordi'Lg to the tenor and e#iec~ of the martgagors written promissory note bearing even date with these greseata and shalt pay aiI lazes and assessments levied upon said real estate, end ail other taxes,Ievies and assessnnenia ferzed upon tleis mor#gage ar the n^fe -:which *.!:is m,^.-*.r;age /is g _.^> ±o s~e:urs, before Lh= samP becomes delinquent, and ke"ap the build~ncs ~ said gremises insured for the tium of ,' Nt A ,loss, if any, payable to the said mortgagee, then these prey to be void, otherwise to be and remain m full force. IT IS FURTHER AGREED t1) That iE the said mortgagor shall fail to pay such taxes the said mortgagee may pay such taxes and the sum sa advanced, with interest at 11 pet Bent, shall be repaid by said mortgagnr, and this mortgage shall stand as security for the same. (2) That a failure to pay any of said money; ?ither principal ar interest, when the same becomes due, or a failure to comply with any of the foregoing agreements, shall cause the whote sum of money herein secured to become due and collectible at once at tine option of the mortgagee. /~~" f ~~ . Signed this ~ tF~+"day of Q,1~2J1-~~' 19'79 ~ 1 ~ ' A __ In aresence of _...... -.... _!r.. .~.~.....~ ..r...~..-~~...~....~....._-........... STATE .OF.,...:,... Nebraska..........._......_....._. ca ~nty of__ ---Hall _.. - - - - 13ei public quslified for said county, personally came Rudolf F. Plat9 and Jeanniee R. pla fe, and Richard L. Geist and Barbara D. Geist, husband and wife kno to e~ tical person or persons who signed the foregoing instrument and acknowledged the ezecvtiaa be ' , he voluntary act and deed. b y W -a- Z nal seat an_---...- -- .~`._q.._.~../.~....~..~......J..~.-~--~,-~-~....., 19.._......~..yT ' .._ ... ~ 7-f f~`r-'-'-.~,-_../K./.1~ .'jr.-..Notary Publvc. M n s .. .................... 19 ... .. ................. .... sT~ ----••-•...---.._......-............ ' Entered on numerical index and bled for record ~- in the Register of Deeds Office of said County the County ............._..._.......°-°---.......................__....- -- - ._----------------.day of ................ ............_..._..........-., 19......_...•, at........-°-- --°°- --°-°--o'clock and-°-_--...._-- ---_.... minutes ---......-.,. .M., and recorded in I3eak......._.......-.._-._°° .............of....-...._...._.......................at Page._......_.......-_.....-...._........... ........_ ........................................................ ..............Reg. of Deeds By .......................................-........_..........-----....°.-°----°......-~puty ~.