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<br /> �`���`'`�'t`�'�"��''�" R�AL EBTATE KORTGAGE ' �
<br />_�`'"' : -� � .
<br /> re,�.,
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<br />_ � ��� �. � BOSBGI�N, INC., a �iebraska aorpar��ior�, herein aalled the .� ��=°--��
<br />" � Mortqagor, in aaneid�ration og FiVE HI1NDFtED THQUSAND AND NO/l00 • ��
<br /> 5:" „ � DOL',�lR3 ($�00,000.00) does hereby mortgage �o DARR'YL BOGKt�ANN AND � �! ';
<br />= � � K. DIANE �OCii�!lAtdN, hu�sband and wife, ae �oin� tenanics with right ' n ;.—
<br /> ' oP aur�rivorship, herein cnllea the Mortgagees, th� following � . �
<br />- , desar3bed re�l eotaice in Ha].1 County, and State of Nebraska, ag ' _'
<br />-� ° ahown on Exhibi,t R attached hereto and m�de a part hereof by this � :���
<br />' " re�orence. . �. °. �
<br />_ . �o
<br />- �►nd the l�ortc�ttqor doe�a hereby covenant with the Kortgagees .. •^ =
<br />- � and with Mortgagees' heirs anc� asc�ignB that Mortqagor is lawfully � " ��'��:':�
<br />- ; �� " aeized of eaid �z�er�iee�, that ttaey 2��a �x�ee a��r�m �naumbx�ance, .>.. ''� �
<br />' � � tha� Mortqagor ha6 g�od xight and lawful autharity to convey the � � ' '���_�
<br /> Aame, and that Mortgagor warrants and will dof�+nd i:he title to ''"'" •_
<br /> said premisea agains� the lawful claims of a11 persons �� '�
<br /> �
<br />: �� .�� whomsoever. . '
<br /> � � . ��
<br /> � - ' Thie Mortgage is given to secura the payment oP the � • �
<br />= � � principal sum of $500,000.OA and interest thergon, according to ,y�;'���
<br /> � ° the terme of a certa�.n Promissory Note of even date, executed by� -
<br /> ' the I�ior�gagox to �he Mortgagees, due� the 15th dax of November, ,,:� _���,
<br /> ., „ 1999.
<br /> �f..; -�
<br /> - . �, -
<br />- The Mortgaqor agrees �o pay all taxes and aesesementa upon
<br /> , " said premi.aes and all other taxes, levies and agsessments 1c�vied . .r
<br /> �, upon thia Mortgage and tho Note whi.ch this Mortgage is given to ;�,�..
<br /> eeaure before the same become delinquent. In the event the °� "
<br /> Mortgagor shall fail to pay such taxes before delinguent, the • ��.
<br /> �� Mo�tgagees may pay suah taxes or other liena and shall have a ' � �.
<br /> � lien seaured herebX for the amount so advanaed with interest -�'-'.
<br /> �hereon at the rate of twelve p�rcent (12$) per annum. +%. �
<br /> . ,. ., . . � M.'n'�� :
<br /> In the event o� dsfaul� in the performance o� any of the I � " �. � �
<br /> .._ terms and conditions of thia Mortgage or the Note secured by l.t, . '
<br />• � the Mortgagaes sha].l be entitled �o immediate pos�se�sion of the ��,� `-�==
<br /> • � � property above described and all the rents, r�venue and income • � � •� :
<br />' . derived therofrom during such timo as the Mortgage indebtedness ,, °'%� �•:�.
<br />�� remains unpaid shall be applied by tlae Mortgagees to tha paymen� I ,
<br /> , oP the Note and all other sums secured hereby after deduction o� `""'�`'
<br /> �,:;.
<br /> . any necessary aoats of collection. i , �,�`�_`'
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<br />„ Tn the even� the Mortgagor defaults in the paymenti of sai.d � � •r°+,-�
<br />� _ �� indebtednoss or any installment thereof, or fails to perform any f. �• r�',�,.'�
<br />-- of the o�hor agrQementa herein, the I�ortgagees at Mortgagees' '`>•�
<br /> �' slection may declar� the entire debt secured by thia Mortqag� to � :�;�%,
<br /> ��' ., be due and colleatible ati once; and may foraclose th3.a Mortgage ; . � r
<br /> .. for the satisfaction thareof. ! . �
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