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0 107 3.4
<br />together with all improvements thereon including but not limiEed to fencing,
<br />irri: - gation pumps, wells and-equipment.� . and all related apparatus, fixtures,'
<br />appurtenances thereunto belonging and other similar improvements, and all
<br />covenants and all title deeds running with such lands; and all rents, issues
<br />aiid-pr6fits thereof arising.therefrom after defa'ult in performance of any
<br />coverkant and condition hereih contained, and all..water rights and easements;
<br />the ' intention being to conVe� hereby an absolute title and fee simp-le'and to
<br />convey.all and every right,' title and'interest of such Turner Grain Company,
<br />Inc..*,, a Corporation, in and.'' t
<br />to such real property. The Mortgagor does hereby
<br />a
<br />cove0ant with the Mortgagee, its successors and assigns, that it is lawfully
<br />seized of said real estate; that such real estate is free from encumbrances
<br />excepting a certain mortgage g - iven to Metropolit*an Life Insurance Company dated
<br />August 24, 1975, and with that exception, they warrant and defend said premises,
<br />against any and all persons whomsoever.
<br />TO HAVE AND TO HOLD, the premises above-described with all improvements thereon,
<br />including but not limited to fencing,.irrigation pumps, wells and equipment, and
<br />all related apparatus, fixtures, appurtenances thereunto belonging and other
<br />similar improvements, and all covenants and all title deeds'running with such
<br />lands; and all rents, issues and profits thereof arising therefrom after default
<br />in performance of any covenant and condition therein contained, and all water i
<br />rialfts and easements; belonging unto the said The First National Bank..of Grand
<br />Islan'd, Grand Island, Nebraska, and to its successors and assigns forever, a
<br />provided always, and these presents are upon the express condition that'if the
<br />said Mortgagor, its successors or assigns, shall pay or cause to be paid to The
<br />First"National Bank of Grand Island, Grand Island,.Nebraska, its successors.or
<br />assigns, the sum.of ONE 1111ILLION SIXTY THOUSAND AND N01100 DOLLARS ($1,060,000.00),,
<br />plus� ' interest at'101��,% per annum, payableon November 1, 1976,� all according to the
<br />tenure and effect of a certain promissory note of the Ifortg4ror bearing even date'
<br />with�lhese presents; shall pay all taxes and assessments lexiied upon such real
<br />estat'e and all other taxes,zlevies and assessments levied upon this mortgage or
<br />uponithe note which this mortgage is given to secured before the same becomes
<br />delinquent; shall keep the improvements on such -real estate insured where insurance
<br />is applicable and shall not . permit or commit any..i.7aste on such real property,
<br />then these presents to be void, otherwise to be"in full force and effect.
<br />IT IS'FURTHER AGREED:
<br />1. ..:That if the said Mortgagor shall fail,to pay such,taxes levied upon such
<br />real property, the mortgagee, it successors:or assigns, may pay such
<br />taxes and the sum'so advanced, with interest at 101-.% per annum, shall be
<br />.,paid by the said Mortg4gor and this mortgage -shall stand for security of
<br />.the same.
<br />2. That failure to pay any.of the said money, 'either principal or interest,
<br />when the same becomes due, or a failure to comply with any of the foregoing
<br />agreements, shall cause the whole sum or sums of money,herein secured to
<br />become due and collectible at once at the option.of the mortgagee, its
<br />successors or assigns..
<br />3. In case of a foreclosure of this'portgage under any ofits provisions,
<br />a receivor may be appointed to collect rents, issues or profits from the
<br />mortgaged real estate and proceeds from any such rents, issues or profits
<br />-.so collected, shall be applied on the deed secured hereby.
<br />The Mortgagor will have the privilege of making prepayments on the
<br />principal of the mortgage debt without premium, as provided in such*note.
<br />�ad this day of November, 1975.
<br />�j
<br />0
<br />�s i 9-11 TURNER GRAIN
<br />n-. , Sealed and Delivered
<br />COMPANY, INC.
<br />By
<br />JCLLC4, gt-,_� A:51
<br />-Se�g�_tary Harry I. Tur"her, President
<br />,,;,,,W,`,On the day of November 1975, before me, the-jindersigned, a Notary Public,
<br />- �'--in.-and for said County, personally came Harry I--.�?Turner, President of Turner
<br />I--, 'Gr'ai 'Company, Inc., to me personally known to be the President and the identical
<br />. P'Otson'whose name is affixed to the foregoing conveyance, and acknowledge the
<br />execution thereof to be his'voluntary act and deed as.such officer and' the
<br />-vo ,,tary act and deed of the said Turner Grain Company, Inc. and that the
<br />q
<br />E;:.qorp9rate seal of Turner Grain Company, Inc. was'thereto affixed by its authority.
<br />an �N
<br />J I -lit iand and notarial seal at Grand'�I 1 �d e
<br />nessSmy
<br />/ra�s�, in said County, the
<br />'k�, //_C�day,';_-and,' year last above written
<br />tary Public
<br />
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