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� �. '� � �=78�.U.t13�3�' .s,�� , . 3t.. � .. . . . . . �. � 4:. .�� .�.. .. � � � � ��`� � REAL ESTATE MaRTGAGE �;, � "; KNOW ALL bIEN BY THESE PRESENTS: That CASTLE ESTATES DEVEI.OPMENT ,; COMPANY, a partnership, in consideration of the sum of Tl-REE '� HI7NIRED THOUSAIJD DOLLARS ($300,000.00), does hereby grant, convey and mortgage to the CHIEF INWS'IlZIES INC., a corporation, its `� successors and assigns the following described real estate situated j in Hall County, Nebraska: A tract of land comprising a part of the Southeast Quarter (SE'�) of Section Ztaenty-six (26), Township Eleven (11) North� Range Ten (10) West of the 6th P.M.� Hall County, Nebraska� more , particularly described as follows: Beginning at the Southeast corner of said Section Ttaenty-six (26), thence Westerly along the South line of said Section 'Itaenty-six (26) a distance of 2639.56 feet to the Southwest corner of said Southeast �, - ,��: Quarter, tY►ence Northerly along the West line of said South- `� � east Quarter a distance o£ 940 feet, thence Easterly parallel _' to the South line of said Southeast Quarter a distance of ��' 902.08 feet, thence deflecting left 44� 55T running Northeasterly » � ; „; a distance of 648.85 feet� thence Northerly parallel to the 3 �� East line of said Southeast Quarter a distance of 301.72 �' . �,�� { feet, thence deflecting right 90� 17' 20" and running Easterly �� a distance of 1288 feet to the east line of said Southeast ; �� ' Qua.rter, thence Southerly along the East line of said South- � Yq ; east Quarter 1687.91 feet to the place o£ beginning, and �� +`�£� 3 containing 81.742 acres� more or less� excepting the Northerly a� ''= r �� � 7 feet of the Southerly 40 feet of that tract. r '�.�?' �. ;'.� }A�� . � This Mortgage will also include all real improvements placed :� or to be placed on the premises. j The Mortgagor covenants that it is a Nebraska Partnership, ! lawfully owning the premises and that the real estate is free from 1 encumbrances except this mortgage. The Mortgagor covenants to _. � j warrant and defend the title against the lawful claims of all '-" i persons. � PROVIDED HOWEVE[Z AND THIS MORTGAGE IS UPON THE EXPRESS � CONDITION that, whereas the Mortgagor has executed and�:.'delivered ` � � to the Morgagee its note in writing to repay the svm o£ $300,000.40 with interest in accordance with installment payments as set forth in the note� and pay all taxes and assessments on the premises before any becomes delinquent, then, in that case the mortgagor shall pay the stiun o£ money and per£orm a11 other agreements on � its part to be kept or performed THEN THESE PRESENTS SHAI�L BE VOID otherwise to remain in full force and effect. �: ' If default is made in the payments of the installments or real � ` ' estate taxes by a space of more than 45 days then the whole indebt- �' edness hereby secured shall ixtanediately become due and collectable at the option of the mortgagee. That this mortgage may then be ' ,{ foreclosed for the amount due together with any interest, taxes ,+;, ; � - and other amounts paid by the morgagee. :� �µ �4 .,4 In case o£ default of over 45 days in the performance of any ;i ' of' the terms of this mortgage or the note secured hereby the �•'� ,�� a• mortgagee shall, upon ldemand, be entitled to immediate possession � �� 4; '��. p��'' �; If � � � }'fd�a 41in�_ _ . . . ' . . . .* '��`�.Y 4 , � . . . . � �.h�x>� <<:F. ...� . . .. . . . . . . . . . . � . .. d,.� � Y � . . . . . � .. � . � . /,� .. � ; � � Gi f ; � 7 � �.�:�