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<br /> ^ REAL �STATE T10PTGAG�
<br /> FARA1h'R5 UIQSON COOPElt1'sTIVE �L�VATOR ABSqCIATIOc1, a Neurasha
<br /> corporation, tiortgagor, in coneideration of PIFTX-TNd� TFi0U5P1Vll
<br /> DOLLARS ($52,000.001 , mortgages to WILLIAM UAVIA MX�RS and Pu1R'PIiA I
<br /> ISAII�LL MXERS, husband and wife, Mortgagees, the follot,ing
<br /> described real estate situated in [�all County, Nebraska:
<br /> Lots One (1} , �iWo (2) , Three (3) and the North [ialf of
<br /> Lot Four (:4) in Garden Place, a Subdivision of part o£
<br /> the NortI�west Quarter (Nj9}d� of Section 'Phree (3� , in
<br /> Township �leven Cllj 1Qoxth, Ranqe Nine (9) I4est of the
<br /> &ixth P.ri., IIall County, Nel�rasl:a, as surveyed, platted
<br /> and recorded, together ��rith all tenements, l�ereditaments,
<br /> and appurtenanccs to the xeal estate.
<br /> This t-tortgage secures part of the consideration £or the sale
<br /> and conveyance of tlie mortgaged real estate by i�lortgaqees to +
<br /> Ilortgagor on or a[�out the dai:e o� this Aiortgage. This Mortgage is
<br /> given to secure the payment of the principal sum of $52,000.00 and
<br /> interest �rom May 1, 197G, at tlie rate of 7 1/4 percent per annum on
<br /> the unpaid Ualance o� princi�,�al, payable in installments according
<br /> to the terms of a Pror.iissory Note dated I�iay 1, 197G, executed and
<br /> delivered Uy D9ortgagor to I4ortgagees, the }�rincipal and interest
<br />�; "; veing payable in install�uents as follo�as a
<br /> $10,400.00, with interest, on l�iay 1, 1977;
<br /> ? $1�,4a�.00, with interest, on t�lay 1, 1978;
<br /> � ; $10,400.00, aaith. interest, on Niay 1, 1979;
<br /> $10,400.00, with. interest, on May 1, 1980; and
<br /> $10,900.00, �•ritli interest, on S-,ay 1, 1981.
<br /> Upon default of any install.ment of principal, tl�e unpaid install-
<br /> ment of principal bears interest at the highest legal rate.
<br /> t ` Dlortgagor agrees to �ay all taxes and assessments uoon the real
<br /> estate and all other tases, levi.es and assessments levi.ed upon this
<br /> Mortgage and the Note which tl�is hloxiqage is given to secure before
<br /> .. ' payment is delinquent. If rlortgagox fails to �;ay tiie taxes and
<br />�: assessments before delinc�uent, �Iortgagees may pay the i:�xes and
<br /> assessments or other liens and is given a licn secured by this hlortgage
<br /> , for tne amounts advanced saith interest at the t.ighest legal rate.
<br /> �
<br /> -y: ' Tf Idortgagor defaults in the payment o:E the indebteclness or any
<br /> installment of ;�rincipal or interest, or fails to perfoxm any of the
<br />�;' . other aareements in this P�ortgaqe� t9ortgagees, at tl�eir election, may
<br /> foreclose this �:ortgage for tl:e satisfaction of tiie amowlt due.
<br /> Dated: t�9ay 1, 1976.
<br /> FAItP1ERS UI�ION COOP�RATIV� liL�I�ATOR t1SSOCIATION,
<br /> A N�BRASF:A CORP0127+TIUN,
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<br />�'6. �y("'"`-���ta-�t,� f���.�y��e,
<br /> President
<br /> STATE OF DIEBRASKA, III?LL COUNTY:
<br /> The £oregoing instrumant was acknowledged before me this ���,�;.�
<br /> ,_�1,,.�E, �� , 1976, uy Lesli.e Schimmer, President of Z'armers N ,
<br /> Uni n Cooperative Elevator As�ociation, a Nebraska corporation, on � � ,
<br /> Lehal� o£ the corporation, r:ortgagor, as his voluntary acL• and
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<br /> deed and the volunt ary act and deed of t:ie corporation. � ''
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