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- 100460 <br />zsTATF- xo <br />BrA <br />To Secure present and � azure �iigatioris and Advances) <br />Z)ate- Ja+axy 1 1986 <br />JE L_ McAHREX and IA NE Mc'iM' husband and wife, MOrtgagr'rs, <br />of X11 - ounty, Nebraska,, in consideration of the advance Of the <br />pr ci.pal $um, plus adva.mces l r the purc?�ase of Class B stock <br />and/or participation certificates of the m rtga�en as rer3u3red by <br />Mortgagee's bylaws and by determination by the Mortgagee "s B10ard <br />=of Director.g ux+der said bylaws, pursuant to federal law, * to <br />support e outstandimg indebtedness, recited ir. the note herein- <br />after described and in consideration of _uture -advances made by <br />X. anf t-her to ?iortyagazs o as hereinafter arnv de3i,- <br />hereby mortgages and conveys to Production, Credit Association o_ <br />the ?+iidlands, w-liose principal office is at 2'0f scouth 39th, Omaha, <br />A%39ras3sa DS1D3, Mortgagee, the following- described real property <br />in Hail County, Nebraska, subject to 0 1_. gas, and mineral rights <br />oaaned by parties other than Mortgagors:, existing easements of <br />record; resen7atioas in Dnited States and State patents; and the <br />rights of the public In ,a11 bi bways: <br />The East :^Half of tit Southwest Quarter <br />of Section One (IL) , and the East Half <br />of the Southeast Quarter of Section <br />'!`welve (121 All fir. Towns:h.l Ten ('_C,) North, <br />Range Leven (22), West of the 6th p -a'.- in <br />Ea11 county, Nebraska; <br />containing, 1v0 acres:, more or less, accord'ng to ic-.Ternment <br />s-vey; together with <br />tu all cf the ri ,zht. title, and interest o= <br />the Mortgagors ir. said property now owned, or hereafter acqufired+ <br />and including all buildings and improlyemerts now Cn, or hereafter <br />pierced upon, said real property; including also ail �,'ater, <br />ir=igaticn., and drainage rights. <br />This mortgage is giver, to secure: <br />(a') A promissory note dated January 10, 19$5 , <br />g <br />iven by Mortgagors to Mortgagee, in the principal sum <br />o{ fi�xty -Nine Thousand Fi•ae hundred and A701I0t7 Dollars <br />plus advances for the purchase of Class S <br />stock or pdrt_cjvatlon cer'tlflcates of the Mortgagee as <br />required by Mortgagee's bylaws and by determination by <br />* -he Mortgagee's Board Of Directors under said bylaws, <br />pursuant tv federa'_ law, to support the outstanding <br />indebtedness, _payable with Interest acccrdina tc the <br />-1- <br />W <br />