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<br />88- {ir604 4
<br />
<br />REAL ESTATE MORTGAGE
<br />Open-End To Slcure PffJlent and Future Obflgatlon. Ind Advances
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<br />Oat.: November 7 1988
<br />
<br />Steven L. Husen and Sally K. Husen. his wife
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<br />Mortgagors, of Hall County, Nebraska ,In consideration of
<br />the advance by MOJ'gagaB to Mortgagors of the principal sum specified below, the receipt of which Is hereby acknowledged, and any
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<br />future, additional or protective advances made to Mortgagors at Mortgagee's option, hereby s811, convey and mortgage to FIVE POINTS
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<br />BANK, 2015 North Broadwell Avenue, Grand Island, Nebraska 68802, Mortgagee,lts successors Bnd 8Bslgns, from the date hereof until
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<br />all obligations secured hereby are paid In full, the followlng.descrlbed real estate In Ha II County,
<br />
<br />Np-h...a~ka . to wit:
<br />.!!!!.. .!.!!I!. .l!a.
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<br />A tract of land comprising a part of the Northeast Quarter of the Southeast Quarter (NEl-SE!)
<br />of Section Twenty Seven (27) Township Eleven (11) North, Range Nine (9) West of the 6th
<br />P.M. in Hall County, Nebraska, more particularly described as follows: Beginning at the
<br />northeast corner of said Southeast Quarter (SEH; thence southerly along the east line of
<br />said Southeast Quarter (SE!) a distance of Six Hundred Eighty Four and Forty Four Hundredths
<br />(684.44) feet; thence deflecting right 91044'38" and running westerly, a distance of Five
<br />Hundred Ninety One and Nineteen Hundredths (591.19) feet; thence deflecting left 17028'16"
<br />and running southwesterly, a distance of Eighty Five and Seven Tenths (85.7) feet; thence
<br />deflecting 53054'38" and running southwesterly, a distance of One Hundred Forty and Six
<br />Tenths (140.6) feet; thence deflecting right 70052'31" and running westerly, a distance of
<br />Five Hundred Ninety and Ninety-One Hundredths (590.91) feet to the west line of said
<br />Northeast Quarter of the Southeast Quarter (NE!SE!), thence northerly along the west line of
<br />said Northeast Quarter of the Southeast Quarter (NE!SEH, a distance of Eight Hundred Forty
<br />and Sixteen Hundredths (840.16) feet to the northwest corner of said Northeast Quarter of the
<br />Southeast Quarter (NE!SE!); thence easterly along the north line of said Southeast Quarter
<br />(SEH, a distance of One Thousand Three Hundred Eleven and Ninety-five Hundredths (1,311.95)
<br />feet to the place of beginning and containing 22.811 acres more or less.
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<br />together with all Martgagors right. title and Interest In said property, Including all buildings, flx'ura, crops and Improvements now on or
<br />hereefter placed upon said real property; Including also all apPUr1BnBncea, water. Irrigation, and drainage rights: and all rents. issues, uses,
<br />profits. and rights to poss8ulon: all all, gu, gravel. rock orother minerals of whatever nature, including geothermal resaurces; and all personal
<br />property that may Integrally belong to or hereafter become an Integral part af said real Bstate whether attached or detached. Including any
<br />appurtenances and accoutrements of any residence secured hereby, and all leases, P8rmlta, IlcenlMl Of privileges, appurtenant or
<br />nonappurtenant ta said mortgagDd premises, now or hereaftsr luued. extended or renewed by Mongagor. the State. United States or any
<br />department. bureau or agency thereot.
<br />1110__"'-_ M~nand Morlm__IhI.mo~logMnlollCUn:
<br />(I) A pramlsaory note or notes together with Interest thereon executed by Mortgagors to Mortgagee and described as follows:
<br />Dole 01 No.. PrlncI.... Amount DIIo 01 Nota PrIncipII Amount
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<br />June 27, 1986 $ 49,000.00
<br />
<br />November 7, 1988 72,500.00
<br />payablll according to the term. of said note(s).
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<br />(b) And thllrepaymentJnfull by Mortgagors of any and all1utureand additional advancea which may be made by Mortgagee, at Ita option, at
<br />thl reqUIlt ot, and to or fortheaccountof Mortgagors, orany 01 them. for any purpose, plus Interest on all such advances. underanynote(s)
<br />or other Inatrument(l) taken In refinancing, extending, renewing, ..amortizing or rntructurlng such Indebtedness or any part thereat. all
<br />Pliyable according to the tlrms of said note(s) or other Inatrument(a); provided, however. that the total prlnclpallndebtednea outstanding
<br />andllCuredhereby at any anltlmeahallnDtexceec:lthelumat Qnp hllnnt"pn Twpnty-nnp thnlu::::;:lInrl fivp
<br />hlln"p"prl ""liar.::: :;:lInl'l "n/tOn __________________________ DOLLARS(S 121 500 00 ).
<br />uclultve of interest and of the protective dlsburaements authorized herein or In the loan agreement(s); provided, further, that THIS
<br />PARAGRAPH SHALL NOT CONSTITUTE A COMMITMENT TO MAKE FURTHER OR ADDITIONAL ADVANCES IN ANY AMOUNT AT
<br />ANY TIME.
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<br />(C) TIle P8payment In full by MOrtgagors of alllmounts BUn.nced by Mortuagee, 4t Ita option. 10 or on behaU 0' MortgagcrdI 4111 prolectlvu
<br />dllbul"MlMftta.uthorlzecl herein, In thllo.n agreement(I), or In other Inlltrument(lI) which may be given to evidence such edvanceB plus
<br />In..... on all such advancea. ip8'fIbIe as provided In the notl(II), lOIn IIgreemenl(s) or other Instrument(s).
<br />(d) The payment In full of .n)' and III other put, prasen1 ortulure. direc1 orc:ontlngent. debts and Iiabllltiea of Mortgagors 10 Mortgagl!Nt of
<br />any natu... whatsoever.
<br />Thl. mortgage will be due Nnvpmhpt" 7 1 QRQ or upon the payment In full of all sums secured hereby.
<br />Uortg8gonherliby..rranltNt thay holdfee.impa.UllaIOttlaabovadlaCrlbed property, Ihlt lhay h''''good and tawfullUlhOlity 10 mortOlgethe same. lhltsaid
<br />~.. "-and c.rof all 11.,1 and encumbra~. a.~t..,cumbrancn or ~rd. .and Ihll thsy will ..",.,.nt Ind d.rlnd said pro~rty .gllnll III cll.m.ntll
<br />~ UotIg-vora&lao hereby .ahr. and ,.lInqulah &II ,10h11 otdO*'lr, homnlud, dlltrlbutlVIIlha,. and ...mpllon in and 10 lhl IboYII ducr.bed property.
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