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<br />REAL ESTATE MORTGAGE
<br />KNOW ALL ~1EN BY THESE PRESENTS That Merchants Development
<br />Co., A Partnership, duly organized and existing under the
<br />laws. of the State of Nebraska as Mortgagor, in consideration
<br />of sEVEN THOUSAND FIVE HUNDRED AND N~/lea DOLLARS (~~,.~OO.c~a>
<br />in hand paid do hereby grant, bargain, sell and convey unto
<br />The First National Bank of Grand Island, Grand Island, Nebraska,
<br />a Banking Corporation in Grand Tsland, Hall County, Nebraska,
<br />as Mortgagee, Che following described real estate situated in
<br />Hall County and the State of Nebraska, to-wit:
<br />West One-Third it/3), Lot One (1}, Blocis Sixty-
<br />Four (b4), Original Town, Hall County, Nebraska,
<br />together witfa all improvements thereon, including but not
<br />limited to fencing, irrigatian pumps, wells and equipment, and
<br />all related apparatus, fixtures, appurtenances thereunto be-
<br />longing and other similar improvements, and all covenants and
<br />all title deeds running with such lands; and all rents, issues
<br />and profits thereof arising therefrom after default in per--
<br />forman~ce of any cauenant and condition herein contained, and
<br />all water rights and easements; the intention being to convey.
<br />hereby an absolute title and fee simple and to convey all and.
<br />euery :right, title and interest of such Merchants Development.
<br />Co«, A Partnership, in and to such real property« Th.e Mortgagor
<br />does hereby cauenarxt with the Mortgagee, its successors and
<br />assigns, that it is lawfully seized of said real estate; that
<br />such real estate is free from encumbrances and they warrant and
<br />defend said premises against any and all persons whomsoever...
<br />TO HAVI~ AND TO HOLD, the premises above-described with all im-
<br />provements thereon, including but not limited to fencing, ir-
<br />rigation pumps, wells and equipment, and all related apparatus,
<br />fixtures, appurtenances thereunto belonging and other similar
<br />improvements and all cavenants and all title deeds running with
<br />such hands; and all rents, issues and profits thereof arising
<br />therefram after default in performance. of any cavenant and
<br />candit:Lon therein contained, and all water rights and easements;
<br />belonging unto the said The First National Bank of Grand Tsland.,.
<br />Graaxd .island, iebraska, and to its successors and assigns for-
<br />ever, prouided always, and these presents are open the express
<br />condition that if the said Martgagor, its successors or assigns`,
<br />shall pay or cause to be paid to The First National Bank of
<br />Grand :Csland, Grand Island., Nebraska, its successors or assigns,
<br />the sure of SEVEN THOUSAND FIVE HUNDRED AND NO/I.00 DC}I,LARS
<br />~~7,500«Ot3}, glus interest, all according to the tenure and.
<br />effect of a certain pramissary Hate of the Mortgagor hearing.
<br />even date with these presents; shall pay all taxes and assess-
<br />a~ien~:s :levied upon such real estate and all. other taxes, levies
<br />any. as;;essments leviedugon this mortgage or upon the note which
<br />this mortgage is given to secxxre before the same becomes de-
<br />linquent; shall keep the. imprauexnents on such real estate insured.
<br />c-There 'Lnstarance is appli cable and shall rat permit or caxxa~nit axxy
<br />=~raste an such real:. praperty, then these presents to be uaid,
<br />~~~:t~~rw~i.se to be in full farce and effect.
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