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<br />MORTGAGE
<br />( N ehraska )
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<br />83- 001073
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<br />THIS INDENTURE, made this 15th
<br />
<br />day oi
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<br />FebrtllU'Y
<br />
<br />,198)
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<br />between Crystal Wasley and John M. Wasley, vife and husband,-
<br />
<br />~J)
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<br />oi the County oi Frontier aml State oi Nebraska, party of the first part, and
<br />the METROPOLITAN LIFE INSL'RANCE COMPANY, a corporation oi the State of New York, with its
<br />principal office located at 1 Madison Avenue. New York, N. Y.. party oi the st'Cond part,
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<br />WITNESSETH: That the ;aid party oi the first part. in consideration oi the sum of
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<br />TVO RlJllllRlm 'l'WEB'l'Y FIVE THOUR/""'
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<br />Dollars
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<br />($225,OOO.OO ). in hand pait.'l. the ret'cipt wlwrt'oi is ht'fehy ~\(knowiedged, does hereby grant, bargain.
<br />seH. convey. and c-ontiml to the said party of the :->('coIHI pan and it:; a~signs. the following-described rea) estate,
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<br />in the County of Hall and State (If Xebra$ka, to wit:
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<br />'l'he Southwest Quarter of Seotion 1, Township 11 North, Ranee 10 West of the Sixth
<br />Pr:l.Dcipal Meridian, except a traot of land desoribttd as beginning at the Northwest
<br />CODle%' of said Southwest Quarter; thence running easterly along the North line of said
<br />Southwst Quarter a distanoe of 195.0 reet; thence running Southerly and parallel to
<br />the Weri line of said Southwest Quarter a distance of 670.15 feet; thence running
<br />westerly and parallel to the North line of said Southwest Quarter a distance of 195.0
<br />feet to a point on the West line of said Southwest Quarter; thence running Northerly
<br />along the West line of said Southwest Quarter a distance of 670.15 feet to the point
<br />of beginning.
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<br />It is agreed that all irrigation pumps, electric motors, engines, pipes, sprinklers,
<br />and all other irrigation eqUipment connected therevi th now or hereafter placed or
<br />1n8talled on said premises together with all water and wetaring ri&hta of every kind
<br />and description aball be const:t'lled as aff'h:ed to and a part of' the real estate here-
<br />inabo... described and subject to all of the proviSions of this Mortgage.
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<br />'l'he Note secured by this Mortgage is fur"..her secured by a Financing Statement and
<br />SsouritT Agreement of even date berevi.th, covering pereonal property as described in
<br />said J'inancing Statement and Seouri tT ~t.
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<br />1'he Note secured hereb)< expressl,. p:t'llvides that the bolder thereof may at its option
<br />cbanp or adjust the interest rates set forth therein.
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<br />TO HAVE AND TO HOLD the .-..arne. with the appurtena1H.::e-~ thereto helonging or itl anywise apper-
<br />taining. including any right of twluestcad and en'TY contingent rt~ht or t"state tht'rt."iu. unto the said party oi the
<br />second part. and its assign.s torew'r; the intention heing' to (on\'t:'~- an ahsolute title in fee to the ~aid premi~s,
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<br />And the said party of the tirst lXlTt hereby c{t\'enant.s that tht~Y are lawiuU~' st'izt'd of the said pH-mist's and
<br />hav~ good right to ronvey the same: that the ~id premlSt"s an" frt'e :mti dt"ar of all incumhrances: and that
<br />the)" win warrant and dciend the ~le against the lawfui daims vi all persons whom~veL
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<br />PROVIDED. HOWEVER. 'l113t if th" said par1\' vi the lirst pan ,hall pay, or cause 10 he paid, to the
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<br />>Aid party of the sa'Otld part. or .ts a.signs, tll<' sum 0;
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<br />ftO BUlOSD 'ftIIII'l'Y J'ID '1'JI)US&.Jl)
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<br />Dullars,
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<br />in instalmomu,the linaI 'li$Wn""'l due, ;r,b~1,2QO),...
<br />with jut~ theJ1:OI\. .n ll\'riul tnotK'Y 01 the t."nued ~tatt'S, wi,h t"xl'h.at1~t" un th'\" l..lt~. .,j :'\ew Yurt.., Whldl
<br />~ bfz lq'al tende.t' for the-- pa~'f1~nt of aU debh an.d dut'$, pubi1\,: aud pnratr'. ~\t th,... lim{~ ot payment, ;\i:ronlm~
<br />to th.t! tetb)r aM ~tl<<1 of ttw P")m.~M-n-)' .Note t"x,\"("ut-ed hy lht" s,;uu pany of the t}r~l P,:lrt, lK..\nn~ t'\'t'H Ihite
<br />~th,..anr! ~U 1ltriQrtn aU and J!;ltij%uiar tht- \~H\'e1Jat1b ht"tt'in \"uJuamC'ti, thf'H the (';.t3t(' hrft'h\" ~ranh'd ':<haU
<br />i:'Ci.l('. and th~s ~Ior,<<-~ ~hall t-ll(X()tnt' null an,d 'I..,,,d. ..tn-it tK' rdt'"!\St,d at 1tw fOXP('lbt~ ut tilt' :,>.It;d p.:ut\' lit tht'
<br />h,.. PArt
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