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<br /> �:� '�. OOn334 � , .
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<br /> ` In ' any year commQncing January 15 , , 1978 , Mortqaqor shall ' , ,P
<br /> � ; ' he ; entitled : to demand : and obtain ; from tha : MortgagQ Trustee : partial"" . j ,, , `, ,; � �:?
<br /> rU,� relQasos . #rom this mortqaqe . . The� regular ; annual payment . of ` , , ' k :
<br /> � $ 72 , 000 . 00 ' ahall . entitle Mortgagor, to the - releaee of up to 36 acres , ; � z ,�;"
<br /> in any; one year . ` in the ; event :Mortgaqor shall . demand .< partial . • � � �" " �:
<br /> � releases : of aares > in . excesa of . 36 acres in any one year , Mortgagor. ,: � ; � �>,� � � �':
<br /> � � . ` ahall�°: be � csntitled�:'�.tnrauch��. releasQs ��in �� tracts = of� � 20 acres _ ea�h . � �-� ' « �
<br />� � upon the paymanC of an ..t�dditional . $ 40 , 000 . 00 for each such ' 20 R , � , a� •
<br /> 1 acre = tract . : Such ,' additional $ 90 , 000 . 00 . payments shalli: be appl3ed ; � , ,� �
<br /> � � to reduce : -principal balance owing , and Mortqagor , at . the time , � �; , , F"
<br /> � , .: . of making; � such :payment , :' shall ` pay •to : Mortqaqees interest , at :;< '
<br /> �� rtha rate of , BB :per � annum upom the . amount; of 3uch payment from . ' � , i +>
<br /> r the preceding January •15 to the date. of such payment . : � �
<br /> . � � � � � � � � ��° � i � t
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<br /> Truetee shall have > full - po�ver and authority : to issue , : execute "" ��
<br /> and` deliver Eull or partial releases of this mortgage . ' Any . ` ` :
<br /> ;: :.'- � �
<br /> person may : rely: upon a, release executed by- the :: Truatee without a
<br /> ' making any 'inquiry as to the authority of : the xrustee �o executer % "
<br /> � such release and : without any obligation with ' regard to the 'application ' � r,� ;
<br /> . , :
<br /> or use of any payment made to . Trustee . ;• , i•
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<br /> � � � r �
<br /> The Mortqagor agrees to pay rsll taxea and asaessments . upon � ' =r � a '` ,
<br /> � said . premises and :alT other taxes , levies and assessments . levied .: � ' � ` 5 '� '
<br /> : �; = ,�. z ;
<br /> upon; this . Mortgage and : �he ; Note which this Mortgage is : . given :. ` - � ,�
<br /> � . :, to secure 'before the same .become : delinquent . In the ': event .the . ' � �`
<br /> fi'� Mortgagor ; shall fafl to pay such taxes before delinquent ; the ` ` ` _
<br /> � . Mortgagees :' may pay such : taxes or other liQns � and shall: have , ` v °
<br /> � . " a lian . secured hereby : for the , amaunt so advanced' with -lnterest ' ' '
<br /> � � � ,
<br />�' � ' thereon . ab the rate of eleven' per cent : per, annum . . ' 4 �:t`,`
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<br /> , � � �s
<br /> In the ' event tha . Mortqagor defaults in the payment : oE said ' G ° � � ,,�_.
<br /> indebtedness or any installment thereof , or,. fails to perform ; � . , , . `� ��,` ;
<br /> any ; of the`: other , agreements herein , the Mortgagees at: its electfon ` . ; .. ' r :';
<br /> may ;declare`: the entirQ debt secured , by this Mortgage to be due � � ` > ',
<br /> and collectable ` at once ; and may . foreclose this Mortgage for. 4 � `:
<br /> �` - the . satisfaction ` thereof . - � � 4s
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<br /> � ` Signed this / y �i day of January , 1977 . i , ` , � ' '
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<br /> �� CIiIEF ' I USTRIES ; _INC . ' 4 � -
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<br /> � � � � � � � V g � R�. � � E usQn ,�:� res ent . � � � ".
<br /> . . . . . . , . . . . . . . . � . . . . - y'
<br /> STATE' OE : NEHRASFtA I `
<br /> �
<br /> ( ss :
<br /> � . ' ' COUNTY , OF HALL ' .. . )
<br /> `� Defore : me , a: Notary Public qualified in said County , person-.
<br /> :� ` ally ' came .Virgil ` R . Eihusen ; President of: ChiQf , Industrias , . , ;
<br /> � Inc . , '. a . corporation ,; known to me to be the : President` and identical .
<br /> � person who signed -. the : foregoing . instrument and ackttoioledged :� `
<br /> .� the execution thereof < to ba his voluntary - act and deed ; as such
<br /> � Q,f,Sia� , and': the voluntary act and deed oE: aid " corporation : :.
<br /> � `�, OBE/,y���ess my . hand . and Notarial. Seal on ,,�. ,
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