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<br />$6 - nom
<br />FIRST R.F;AL ESTATE MORTGAGE
<br />Dale McTavish and Verna McTavish, husband and wife,
<br />Mortgagors, in consideration of FORTY -FIVE THOUSAND DOLLARS
<br />($45,000.00), mortgage to Rank of Wood River, a Nebraska Sankinq
<br />Corporation, Mortgagee, the following described real estate
<br />situated in Hall County, Nebraska:
<br />Lots one (1) and TWO (2) of Section
<br />Thirty -one (31) in Township Ten (10)
<br />North, Range '"en (10), West of the 6th
<br />P.M. in Hall County, Nebraska.
<br />This First Real Estate Mortgage is given to secure the
<br />payment of the principal sum of FORTY -FIVE THOUSAND DOLLARS
<br />(545,000.00) and interest at a variable rate from January 10,
<br />1986, payable in installments according to the terms of a
<br />Commercial *Tote (Variable Rate) dated January 10, 19(16, executed
<br />and delivered by Mortgagors to Mortgagee, the principal and
<br />interest being payable in installments as follows:
<br />p1INF T1 ?0T71;A�lD nnLI,ARS ($9, 000. nn) , witn interest, on January 10,
<br />1.9A7;
<br />YT NF ;!TOUSA *3^ DOLLARS {$9,OOn.00), with interest, ,-?n January ln,
<br />I�9�?;
<br />•
<br />TI ^1 F, T }lli ?SAt11? DOLLARS 159, 000.QO), with interest, nn January 10,
<br />lnR9;
<br />[II "IE Tttr`US.A "IT1 DOLLARS (59,000.00), wit'n interest, on January 10,
<br />1990; and,
<br />,'I *TF. THOUSAND DOLLARS ($9,00().O()) , wit'n interest, on January i.n,
<br />1"i —
<br />Interest is payable for the first anniversary >`_ the ^.Tnte on
<br />January 10, 1987, at the rate of ??Leven an <1 three- fo_trths { 11
<br />3/4) percent per annum and interest thereafter will 1,e haseel upon
<br />the prime rate chargers by Mortgagee to its .customers clntermi.ne<i
<br />on each anniversary date of the ?tote until the Note is paid in
<br />full.
<br />The "dote provit9es if interest i.s not raid when lue-, or if
<br />any other in<lebteesness of the Makers to the Pinrtcaa::lee is not na:i.r?
<br />when (sue, or if a garnishment summons or a writ of attachment is
<br />issued against or served upon the Mort,nanee fnr 411® attachment- of
<br />any property of the Makers in the possession of the Mortgagee or
<br />any .indebtedness owi.nq to the Mortgagee, or i.f the linldrr of the
<br />`cote shall- at any time in grind faith t,e1 ieve the prospect cf 'blo
<br />antl nunctual payment of the Note is i_ripa reri, then, i.n any ouch
<br />event, the holler of the Note inay, It i.ts opt:i.on, 10clare, t.he>
<br />Note. to he 'Immediately rtcte and naval-le in,l tli roupori t.be nsnto
<br />s1s31.1. he i.mmerli.atoly Witte -in'l pavahle, t.ogetl)('r with 111 itnpai'<l
<br />interest accrile,l r?Tt t:hi.s �7oto, without. nnticlo nr :lrri_inr1.
<br />{ 11nte further pr, vte'r s t t} „. ;•'Corr i.s Ttr,t. n,3t 1 when ltic (%qh tltt „-
<br />at rtatitrit.y or up: n ir•, fO r;lt ion), the "r)rttr,.narq
<br />tta
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