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MORTGAGE ( Nebraska). 009483 THIS INDENTURE, made this 24th day of August 1975 �0Fl�F0 between Turner Grain Co.,, Inc.., a corporation — — — — — — — — — - — — of the Coul4edf Sherman, Hall and Valley and State of Nebraska, party of the first l art,.:and the METROPOLITAN LIFE INSURANCE COMPANY, a corporation of the State of New York, with its principal office located at I .Madison Avenue, New York, N. Y., party of the second part, WITNESSETH: That the said party of the first part, in consideration of the suin of— — — — — — — — SIX HUNDRED THOUSAND — — — - — — — -- Dollars ($600,000.00 ), in hand paid;, the receipt whereof is hereby acknowledged, does hereby grant; ibargain, sell, convey, and confirm to -the said party of the second part and its assigns, the following -described real estate, in the Court? of Sherman, Hall and. Valley and State of Nebraska, to wit: Real Estate as described on E'Yhi.bit A attached hereto. It is agreed that all irrigation pumps, electric motors, engines, pipes and all. other irrigation equipment connected therewith now or hereafter placed or installed. on said premises together with all water and watering rights of every kind and. �.; description shall be construed as affixed -to and a part of the real estate herein- ;�� above described and subject to all of the provisions of this Mortgage., The Note secured by -this Mortgage is further secured by a lanancing Statement and Security Agreement of even date herewith, covering personal property as described in said I`inancing Statement and Security Agreement. . We also agree that in the event the mortgaged premises, or any portion thereof, or any interest therein,..are sold or conveyed or become subject to an agreement to sell or convey prior to -the time this loan shall have been paid in -fall., then the entire indebtedness shall become immediately due and payable at the option of the,111ortgagee. A sale, assignment or transfer in any mariner whatsoever of 10% or more of the capi- tal stock of the mortgagor corporation shall be equivalent to a sale or conveyance of the security or an interest therein,.and in that event mortgagee shall'have the option to accelerate the debt, declare the entire loan balance due, and enforce collection of same,' including foreclosure:of the mortgage lien: TO HAVE AND TO HOLD the same, with the appurtenances thereto belonging or in anywise apper- taining, including any right of homestead and every contingent right or estate therein, unto the said party of the second part, and its assigns forever; the intention being to convey an absolute title in fee to the said -premises. And the said party of the first part hereby covenants that they are lawfully seized of the said premises and have good right to convey the same; that the said premises are free and clear of all incumbrances;: and that they will warrant and defend the same against the lawful claims of all persons whomsoever. PROVIDED, HOWEVER, That if the said party of the first part shall pay, or cause to be paid,. to the said party of the second Part, or its assigns, the sum of - — — — — — — — — — — — — — — — — — - - - - - - - - - - SIX HUNDRED THOUSAND -- - - - - . - - - - - Dollars. in instahnents, the final instalment due ........ 4?ay..1.1... 799P ................ with interest thereon, in lawful money of the United States, with exchange on the City of New York, which . shall be legal tender for the payment of all debts and dues, public and private, at the time of payment,+according to the tenor and effect of. the Promissory Note executed by the. said party of the first part, bearing'even date herewith, and shall•lierform all and singular the covenants herein contained ; then the estate hereby granted shall cease,•and this Mortgage shall become null and void, and .be released at the expense of the said party of the first hart.