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<br />L & F Real Estate, LLC herein called the Mortgagor, one or more in consideration of
<br />Fifteen thousand dollars and zero cents ($15,000.00) received from Central Nebraska
<br />Community Services, Inc. a Nebraska Corporation, herein called mortgagee, does
<br />mortgage to Mortgagee the following described premises situated in Hall County and the
<br />State of Nebraska to wit:
<br />All of the West One Hundred (100 feetto Lot Six (6), and the North Two (2) feet
<br />of the West One Hundred (100) feet of Lot Five (5), all in Block Six (6), of the Original
<br />Town of Cairo, Hall County, Nebraska
<br />And the Mortgagee does hereby covenant with the Mortgagor and with Mortgagor's heirs
<br />and assigns that Mortgagor is lawfully seized of said premises, that they are free from
<br />encumbrance, and that Mortgagor has good right and lawful authority to convey the
<br />same, and that Mortgagor warrants and will defend the title to said premises against the
<br />lawful claims of all persons whomsoever.
<br />This mortgage is give to secure the repayment schedule of the Promissory Note dated
<br />May 1, 2002, for loan monies to be received by the Mortgagor.
<br />In the event of default in the payment of the principal sum, Mortgagee may under the
<br />conditions set forth in the Loan Agreement, declare the whole debt secured by this
<br />mortgage to be immediately due and payable and may foreclose this mortgage.
<br />In the event of default in the performance of any of the terms and conditions of this
<br />mortgage or the note secured by it, the Mortgagee shall be entitled to immediate
<br />possession of the property above described and all the rents, revenue, and income
<br />derived therefrom during such time as the mortgage indebtedness remains unpaid, shall
<br />be applied by the Mortgagee to the payment of the note and all other sums secured
<br />hereby after deduction of any necessary costs of collections.
<br />Dat this c�' day of �2.4. 2002
<br />�t
<br />Vice President
<br />STATE OF NEBRASKA )
<br />SS:
<br />COUNTY OF a.l ( )
<br />3 lLill,� 1l ua
<br />on Fries Trea urer
<br />Dana Lemburg, Secret
<br />Before me, a Notary Public qualified for said County, personally came David Fries,
<br />Sharon Fries, Steven R. Lemburg and Dana Lemburg, known to me to be the identical
<br />persons who signed the foregoing instrument and acknowledged the execution thereof
<br />be their voluntary act and deed.
<br />WITNESS MY HAND and notarial seal this 8 day of
<br />)a 2002.
<br />GENERALNOTART -State ofNebrash
<br />NOTARY PUBLIC
<br />DOROTHY1.Ol3ERMEIER
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<br />ENTRAL NEBRASKA COMMUNITY SERVICES INC.
<br />�JD
<br />RURAL BUSINESS ENTERPRISE PROGRAM
<br />REAL PROPERTY MORTGAGE
<br />FOR LOAN MONIES
<br />L & F Real Estate, LLC herein called the Mortgagor, one or more in consideration of
<br />Fifteen thousand dollars and zero cents ($15,000.00) received from Central Nebraska
<br />Community Services, Inc. a Nebraska Corporation, herein called mortgagee, does
<br />mortgage to Mortgagee the following described premises situated in Hall County and the
<br />State of Nebraska to wit:
<br />All of the West One Hundred (100 feetto Lot Six (6), and the North Two (2) feet
<br />of the West One Hundred (100) feet of Lot Five (5), all in Block Six (6), of the Original
<br />Town of Cairo, Hall County, Nebraska
<br />And the Mortgagee does hereby covenant with the Mortgagor and with Mortgagor's heirs
<br />and assigns that Mortgagor is lawfully seized of said premises, that they are free from
<br />encumbrance, and that Mortgagor has good right and lawful authority to convey the
<br />same, and that Mortgagor warrants and will defend the title to said premises against the
<br />lawful claims of all persons whomsoever.
<br />This mortgage is give to secure the repayment schedule of the Promissory Note dated
<br />May 1, 2002, for loan monies to be received by the Mortgagor.
<br />In the event of default in the payment of the principal sum, Mortgagee may under the
<br />conditions set forth in the Loan Agreement, declare the whole debt secured by this
<br />mortgage to be immediately due and payable and may foreclose this mortgage.
<br />In the event of default in the performance of any of the terms and conditions of this
<br />mortgage or the note secured by it, the Mortgagee shall be entitled to immediate
<br />possession of the property above described and all the rents, revenue, and income
<br />derived therefrom during such time as the mortgage indebtedness remains unpaid, shall
<br />be applied by the Mortgagee to the payment of the note and all other sums secured
<br />hereby after deduction of any necessary costs of collections.
<br />Dat this c�' day of �2.4. 2002
<br />�t
<br />Vice President
<br />STATE OF NEBRASKA )
<br />SS:
<br />COUNTY OF a.l ( )
<br />3 lLill,� 1l ua
<br />on Fries Trea urer
<br />Dana Lemburg, Secret
<br />Before me, a Notary Public qualified for said County, personally came David Fries,
<br />Sharon Fries, Steven R. Lemburg and Dana Lemburg, known to me to be the identical
<br />persons who signed the foregoing instrument and acknowledged the execution thereof
<br />be their voluntary act and deed.
<br />WITNESS MY HAND and notarial seal this 8 day of
<br />)a 2002.
<br />GENERALNOTART -State ofNebrash
<br />NOTARY PUBLIC
<br />DOROTHY1.Ol3ERMEIER
<br />
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