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MORTGAGE
<br />(Nebraska )
<br />r THIS INDENTURE, made this 22nd day of February
<br />z.
<br />€,
<br />83-. tJGpg~~/
<br />1983
<br />between Harry J. Farnham and Sally L. Farnham, husband and wife,--------
<br />of the County of DOUglaS and State of Nebraska, party of the first part,-and
<br />the METROPOLITAN LIFE INSliRt1NCE COMPANY, a corporation of the State of New York, with its
<br />principal office located at 1 b4adison Avenue, New York, \. 1'., party of the second part,
<br />WITNESSETH: That the said party of the first part, in consideration of the sum of-----•--_________-._
<br />-------------ONE HUNDRED TWENTY THOUSAND-----------------------Dotlars
<br />(,~ 121),000.00, in hand paid, the receipt whereof is hereby acknoeiedged, does hereby grant, bargain.
<br />sell, convey, and conhnn to the said party of the second part and its assigns, the following-described real estate,
<br />in the County of Hall and State of Nebraska, to wit:
<br />The South Half oP the Northwest Quarter of Section 30, Township 9 North,
<br />Range 10 West of the Sixth Principal Meridian.
<br />It is agreed that all irrigation pumps, electric motors, engines, pipes,
<br />sprinklers and all other irrigation equipment connected therewith nox or
<br />hereafter placed or installed on said premises together with all water
<br />and watering rights of every kind and description shall be construed as
<br />affixed to and a part of the real estate hereinabove described and subject
<br />to all of the provisions of this Mortgage.
<br />The Note secured by this MoZ~tgage is further secured by a Financing
<br />Statement and Security Agreement of even date herewith, covering personal
<br />property as described in said Financing Statement and Security Agreement.
<br />The Note secured hereby expressly provides that the holder thereof may at
<br />its option change or adjust the interest rates set forth therein.
<br />TO HAVE AND TO HOLD the same, with the appurtenances thereto belonging or iu anywise apper-
<br />taining, including any right o{ homestead and every contingent right or estate therein, unto the said thirty of the
<br />second part, and its assigns forever; the intention being to convey an absolute title in fee to the said premises.
<br />And the said party of the first part hereby covenants that they are lawfidh• seized of the said premises and
<br />have good right to mm~ey the same; that the said premises arr free ;md clear of ail incumhrances; and that
<br />they will warrant and defend the same against the lawful claims of ail persons whomsoever.
<br />PROVIDED, HOWEVER, That if the said party of the first tart shall pay, or cause to be paid, to the
<br />said party of the second part, or its assigns, the sum of __-__-,.,,____.._______________________
<br />_~•--••,A•'••-~••~»••••,•,._••••.~••,•_••©1~ HUNDRED TWENTY THOUSAND--•._...,_..____.._.._llollars,
<br />in instalntertts, the final instalment due. J.Axluarg...1,...2.Of,13....._,
<br />with interest thereon, in lawful nwney of the l.inited States, tcidt exchange on the Ciq' of New York, which
<br />shall be legal tender for the payment of all debts anel clues, public and private, at the time of ttacntcut, according
<br />to the tenor and ef`f'ect of the Promissory Note executed by the said harry of the tint part, braying even date
<br />herewith, and shall perform all stul singular the covenants hcreio coutainecl; thrn the estate Hereby gtsmicd shall
<br />_ ecast, and this Jlorigage shall txx:ome Hold and void, atxl he relea..<d at the expvusc of-thi said party czf the
<br />Brat part..
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