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57�-A —REAL ESTATE MORTGAGE —(With Rent Assignment) (Reviser! 1962) The 14aff nu GermvJ Supply Hwue, Iinmin, Nebr.
<br />KNOW ALL IAEN BY THESE PRESENTS: THAT
<br />WILBUR W. WRAGE and CONNIE C. WRAGE, husband and wife, residents
<br />of Hall County, and State of Nebraska in consideration of the sum of
<br />Sixty Thousand and no /100 ($60,000.00) ------------------ - - - - - -- DOLLARS
<br />in hand paid, do hereby SELL and CONVEY unto PURINA MILLS, INC. , a Delaware corporation
<br />having a place of business located in the city of Omaha,
<br />of Douglas County, State of Nebraska the following descn'bed premises situated !;
<br />in Hall County. and State of Nebraska to-wit-
<br />Lot Four (4) in Block Five (S) in Valley View a Subdivision
<br />in North Eleven Hundred Three Feet (1, 103') (E -1/2 of NE -1/4)
<br />{ of Section Twenty two (22), Township Eleven (11) North Range
<br />? Nine (9) West of the 6th P.M., Hall County, Nebraska
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<br />The intention being to convey hereby an absolute title in fee simple. including all the rights of homestead and dower.
<br />TO HAVE AND TO HOLD the premises above described. with all the appurtenances thereunto belonging mnto the said '
<br />PURINA MILLS, INC.
<br />and to its )QXJfKMXLmigns, forever. provided always, and these presents are upon the express cmtdi is
<br />the said WILBUR W. WRAGE and CONNIE C. hRAGE, their
<br />heirs executors, administrators or assi¢as shall pay or cause to be paid to the said
<br />i PURINA MILLS, INC., its JW0XXY509WMX administrators or assiigaq
<br />the sum of Sixty Thousand and no /100 (S60. 000.00) ------------ - - - - --
<br />Dollars, payable
<br />with interest thereon at 11 1/4 per cent HCRX>7B,G according to the tenor and
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<br />effect of the promissory note 10139b{- said -
<br />MID - NEBRASKA FEEDS,
<br />INC. bearing even datavraf herewith and shah pap .
<br />all taxes and assessments levied upon said real estate before the same becomes delinquent- and keep the buildings on said _
<br />premises insured for the sum of $fair marlt payable to � � mortgagee, then these presents to be vow ;
<br />otherwise to be and remain in full force. Principal and interest payable at the office of PURINA MILLS, INC.
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<br />at 2424 Oak Street, Omaha, NE 68109 at
<br />IT I$ FLRTHER AGREED. (1) That if the said mortgagor shah' fail to pay such fazes or procure such insurance, the
<br />1 said mortgagee may pay such taxes and procure st;ch insurance; and the sum so advanced. with interest at l6 per cent
<br />iper annum shai be repaid by said mortgagor, and this mortgage shall stand as security for the same. (2) It is stipulated
<br />and agreed that in case of any default in any of the said payments of principal or interest, taxes or insurance, or of any boeach
<br />or violation of any of the covenants or agreements herein contained by the mortgagor- then and in that event the who)e of
<br />said principal sum hereby secured, together v.-ith interest may at the option of the holder become due and payable at once.
<br />and the said premises sold as hereinafter provided; (3) In case of any default as above specified, the beneficiary or holder of ;
<br />said indebtedness shall at once become entitled to foreclosure and sale of the premises, and shah be entitled to immediate _-
<br />possession and use of the property, and to the rents. issues and profits thereof- the same being hereby pledged and assigned
<br />as additional security for the indebtedness whkh is secured by this instrument and the holder of said indebtedness sha
<br />entitled to a receiver of said property, ar:d to the rents, issues and profits thereof. immediately upon such default and a _
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<br />receiver may be appointed by any court of competent jurisdiction upon ex -part- application and without notice_ notice being -
<br />be -eehy expressly waived, t the $gM _' toe --fit f such rece- on any such applicatuoa without notice being hereby consented
<br />to by the mortgagor surd all persons claiming by, through or under hint and all rents and profits, income and revenues fry
<br />said property shall be held by the receiv`e,.r -as additional security for the lam, -ment of the debt hereby secured.
<br />Signed this day of l v► . 1987
<br />In presence of Jfili� %
<br />---- - --- - - ✓ 1.._ _ WILBUR W. W. IwRAGE -
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<br />STATE OF -- --
<br />NEBRASKA County of HALL
<br />- -- a ivui--pudic quanued for .aid r untr, personally cane -
<br />WILBUR W. WRAGE and CONNIE C. WRAGE, husband and wife
<br />known W me to be the identical person or persons who signed the foregoing instrument and acknowledged the execution '
<br />tbereaf to be his, her or 1
<br />Witness my haml o _ {( 87
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<br />My cominissirni expires:... L ... - .. .,'I_ t1i: U
<br />Notary Public.
<br />STATE OF_
<br />County s .
<br />_. ..day of. i 9 at
<br />and recordtJ in &,ok „f
<br />Entered on numerical index and filed for r,",rd
<br />in the Register of Deeds Office of sari Countv the
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<br />o'clock and .. minutes .111
<br />at page
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<br />Reg ..f 11 -1w
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