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<br /> 77- �(I 4��3 7
<br /> MORTGAGE
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<br /> THIS MORTGAGE, made this a9tir day of I+� '��Lf , 19 77 , between
<br /> JAMES W. 'BAMFORD, MARLYN, G. ELLERMESER AND FRED M. JANISCH , Mortgagor,
<br /> azid THE OMt�iiA NaTIONe1L B?�NK, a national banking association, Mortgagee,
<br /> : ;, YlITNESSETFi:
<br /> That Mortgagor, in consideratioa of the sum of FIVE HUNDRED SIXTY THOUSAND AND
<br /> � ° ivo/ioo---------------------------------------------- (S 5 0,000.00 � ,
<br /> , ia hand paid by Mortgagee, hereby sells and conveys to Mortgagee, the following
<br /> dascribed pr�mises ia Ha11 County, State of Nebraska �
<br /> to wit: A tract of 1an oca e in e Southwest Quarter o ec ion , owns ip 11
<br /> North,Range 9 West of the 6th P.M., Hall County, Nebraska, and more particularly
<br /> described s.s follows:
<br /> Beginning at the Northwest Corner of the Southwest Quarter of said Section 28•thence S
<br /> 89,de�r ees 08 u�inutes 20 seconds a onp the North line of the Southwest Quar�er oP
<br /> said Section 2t5 a distancg of 2,6�66_�0 feet to th Northeast corner of the Southwest
<br /> Quarter of said Section 2ti• thence S 0 de rees 0� minutes 35 sec nds E alon the East
<br /> 17'.ne of the Southwest Quar�er of said Sec�ion 28 a distance of 27-�'i.99 feet; �hence N.
<br /> 74 degrees 35 minutes 00 seconds W a distance of �63.35 feet to the point of curvature of
<br /> `' a circu3ar c rve• thence following the arc of a circular curve, said circu3ar curve having
<br /> � a radius of 3p a0 feet, a central angle of 6 degrees 11 minutes 15 se onds, and a
<br /> � tan e t f 1t� {S� feet a t c o£ t3 63 £e t; h nce S. de re s 0 minute 3
<br /> � sec�nc�s �. a distance'o� 33��.��i feet• �li pce �. 8� degrees 88 mPnu�es �0 secon�s 45l. a
<br /> distance o£ 17723.09 feet• thence South �48.02 feet• �Ehence S 90 degrees 00 minutes 00
<br /> seconds W a dist ce of 2�5.00 £eet; th nce S uth �320.Q7 feet• thence S 56 deg ees 52
<br /> minutes 39' seconds W. a distance of 339•�7 fee� to a point on �he West line of �he
<br /> ' Southwest Quarter of said Section 28; thenc North alon the �Jest line of the Southwest
<br /> :� Quarter of said Section 28 a distance of 1,�21.90 feet �o the point of beginning.
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<br /> together with all the appurtenances Chereunto belonging or in any way pertaining
<br /> thereto. Mortgagor reliaquishes a11 rignts of homestead and all other contingent
<br /> x` :ateres* :n said nremises_ The r_onveyance of the premises above described to-
<br /> s gether with all,the rents, issues and pro£its thereof is made to secure the re-
<br /> ' payment of a loaa made by tlze Mortgagee to the Mortgagor,. as evidenced by a
<br /> � promissory note of even date herewith in the principal sum of FIVE HUNDRED S�XTv
<br /> L ' THOUSAND AND NO/100------------------------ esecuted by the Mortgagor and payable-
<br /> to the ozdez of the Mortgagee, with 3nterest at the rate therein set forth, the
<br /> ' princiQal aad iaterest payable in accordance with the terms of sa3d promissory
<br /> note, and f3nally maturing on Mav 20, 1978 A11 sums due shall
<br /> bear interest after the due date at the rate of 12 Y, per anaum, and this
<br /> Mortgage shall stand as security there£or.
<br /> Mortgagor hereby expressly cvvenants and agrees with biortgagee, as follows:
<br /> 1. Mortgagor is lawfully seized of an inde£easible estate in fee simple
<br /> free from encumbrances and has good right and power to convey an absolute title,
<br /> ia fee si.�ple, iacluding sll the rights oi homestead, and will warrant and defend
<br /> the tit3e to the sane aga3nst all lawful claims.
<br /> 2. Mortgagor shall pay all sums hereby secured when due.
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<br /> : 3. Mortgagor shall pay when 3ue a11 taxes and assessments of every type
<br /> or natura levied or assessed against said property, or upon the Mortgagee's iaterest
<br /> therein; and also to pay any claim, liEn or encumbrance agai:st said property whicn
<br /> ma.y be ar become pr3or and senior to the lien of this mortgage.
<br /> 4, Mortgagor shall keep all bu3ldings on the mortgaged property insured b;+
<br /> fire and"extended coverage insurance for the full insurable value of the improve- "
<br /> ments, but not less than the amount of the aortgage, with satisiactory coinsurance
<br /> protection agaiast uandalism, business interruptioa coverage, as appropriate, in
<br /> ' an amount equaL to 50; of tl�e annual gross earnings £rom the business derived from ' � ; ,.r.�
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<br /> ' i the premises and any other insurance as the Mortgagee may require. ' � ,
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