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F REAL ESTATE MORTGAGE 8i - 106551 KNOW ALL BY THM FRUNIMThat ,James H. Oliver and Shirley .l. Oliver • d Hall CAmtV.Staled Nebraska itRl9it�a 6[ Ninety Five Thousand and no /100 --------------- - - - - -- 0011110% 10 bad paid, do . VA =YI11f attic The Binh Naiad bd of Wayne. at Ways Qum. stas of NeNvu the following deserlhed pwoew, The NWj, Twenty Seven (27), Ton (10), Twelve (12% West of the 6th P.M., Hall County, Nebraska containing 131.58 acres more or less. Except parcel beginning at the point where the West line of the driveway, and the North line of the Countyp Road joint; thence proceeding Wnst about 100 alon the North ins of the County Road to establish the West line of the tract 10 West of the West fine of the wire fenced hog lot • then turning North and running parallel to the driveway in a Northerly dire:tion to the North bank of the Wood River; thence following the North bank of the Woad River to the least line of said quarter; then proceeding South on the East line of said quarter to the North line of the County Road- then proceeding West on the North line of the County Road to the point of beginning; containing X8.421 acres. FURTHER DESCRIBED AS: NW} (except 28.421 acres, more or less, described on plat recorded in Miscellaneous Records W -1 Page 273• and except public road right of way described in Book 14, Page 245) Sec. 27, Twp. 16 N , Rg. 12 W 6th P.M. in Hall County, Nebraska, containing 131.579 acres, more or less. The Intention being to convey hereby an absolute title in tee simple. Including all rights of homestead and dower. TO HAVE AND TO HOLD the premises above described, with all the appurtenances thereunto belonging, unto the said mortgagee(&) and to his. her or their heirs and assigns forever, provided always. and these presents are upon the express condition that it the said mortgagor(s), his, her or their heirs, ex, - uton. administrators. or assigns shall pay or cause to be paid to the said mortgagoo(s). his. bar. or their heirs. executors. administrators or assigns, the principal sum of $ 95, 000.00 payable as follows. to wit: According to the terms of a note baring eves date herewith and renewals and wdenslons thereof with interest according to the tenor and effect of the mortgagore written promissory hereinafter the 'note'. and shall pay to mortgages say sums that gory in the future he advanced by the mortgages to the mortgagor and shall pay all taxes aM eseessmat2 lavied upon the real estate before the same become delinquent, and ksap the build top on said pramfses Inured for the am of = None Ions, U any, payable to the NU mrtpM. then these pmts to be void, otbe wigs to be and remain in full tats. IT IS FURTHER AGREED (1) That If the said mortgagor shall tell to pay such taxes or procure such in&uranee, the said mortgagee may pay such taxes and procure such insurance; and the sum so adranced, with interest at 14 percent, shall be repaid by said so rtgager, ad this mortgage shall stand as security for the saint. (2) That s failure to pay say of add amey, either principal or interest. when the acme 11 of due, or a failure to empty with any or the fwqpft shall cause the whole sum of money berein secured to become due and colltetlble at ence at the option of the mortgages. This mortgage shall secure the note and any and all future advances made within 10 YOM from the date of the signing hereet. At so time during the term of this mortgage or any extension tbered shall the unpaid and outstanding secured principal future advances, not including sums advanced by the mortgagee for taxes and Insurance to protect the security or this mortgage exceed the follo^vins amount: i 100, 000.00 This provision shall not constitute an obligation upon or commitment of the mortgagee to make additional advances or loans to the mortgagor. Signed this 2nd day of Nov. . 19 87. ®tMt�y MIAAY • mate � Ila�,au ZkVVeA.fA JOAN LAGS Public � ft N - rt M