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PHiISP D. Lptw and MAXINE I. LOWRY , <br />husband and wife. LIENEES, for securing the payment of the net <br />construction charge of 62557.00 as set out in Paragraph IV of <br />the Irrigation Electric Power Service Agreement entered into by and <br />between Southern Nebraska Rural Public Power District, LIENOR, and <br />LIENEES dated DECEMBER 2965 , Account /Well Number 12007 <br />mortgage and encumber to Southern Nebraska Rural Public Power District <br />the following described real estate: <br />THE SOUTHEAST QUARTER (SF) OF SECTION TWELS.IE (12) IN TOMSHIP NINE (9) NORTH, <br />RANGE TEN (10) WEST OF THE 6TH P.M., HALL CdUNrf, NEBRASKA EXCEPTING THEREFROM <br />THAT PART THEMF C XTv%YED TO THE STATE OF NEBRASKA BY WARRANI DEED RDCORDED <br />IN BOOK 77 PAGE 496, WARRAWN DEED RECORDED IN BOOK 177, PAGE 656, AND WARi2ANIT <br />DEED RECDRDED AS DOCLMENP NO. 82- 003580. <br />This Construction Cost Lien is given to secure payment of the net <br />construction charge described above. <br />Paragraph IV of the Irrigaticn Electric Power Service Agreement <br />described above provides time is of the essence and if default is made <br />in payment of any annual installment of the net construction charge, <br />Southern Nebraska Rural Public Power District may declare the entire <br />unpaid amount of the construction charge immediately due and payable. <br />If LIENEES default in the payment of any annual installment of the <br />net construction charge as required by Paragraph IV of the Electric <br />Power Service Agreement described above, LIENOR may declare the entire <br />debt secured by this Construction Coat Lien immediately due and payable <br />and foreclose this Construction Cost Lien in the same manner as the <br />foreclosure of a mortgage under the statute& of Nebraska. <br />Dated q_ 198 <br />STATE OF NEBRASKA, COUNTY OF fca� <br />The fore oing instrumert was acknowledged before me this <br />r,r 4y 1980, by ? �� �, !� 1� vu,`r`1 <br />- -T <br />andt�itXfyt� L� 4 "�i husband and wife, LIENEES. <br />Notary Public <br />My commission expires: <br />* d i�lroh <br />D D. PETERS <br />V �! 1 1910 <br />a <br />11�, <br />J <br />