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<br />REAL ESTATE MORTGAGE g~ .~ ; ~ «~ 0~2
<br />D08ESH FARMS INC.
<br />of the County or HRLL and State of_ NEBRASKA hereinafter called the party of the first plirt;'m
<br />condderation ~t ONE HUNDRED THOUSAND RND NO/100-----------------------------------=`-„plyp~q
<br />io hand paid, do hereby grao<, bargain, sell and convey unto the Home Federal Savin®s & Loan Aaeoclatton of Greed Island.
<br />Grand Island, Nebraska, and its auoceasors and assigns, the following real estate, sttwted in HALL
<br />County, State ~~ NEBRASKA Wit;
<br />THE SDUTH ONE-HALF OF THE NORTHEAST gUARTER (5'~NE~'-,) SECTION THIRTY-FIDE (~5~,
<br />TOWNSHIP ELEVEN NORTH (11N) RRNGE ELEUEN (11) WEST OF THE 6TH P.m.,.HALL GOIJNTY,.
<br />NEBRASKA, INCLUDING COMPLETE IRRIGATIDN EQUIPMENT AND FACILITIES, SUCH R5 WELLS, PIJmPS,
<br />PDWER UNITS AND PIPE USED IN IRRIGATING HEREIN DESCRIBED LAND, RND.SUCN"IRRIGATINN
<br />FACILITIES ARE R PRRT OF SAID REAL ESTATE AND THIS LOAN IS mRDE UPON'THSS AGREE~1ENT
<br />THAT THE EQUIPMENT AND FACILITIES ARE A PART OF SAID REAL ESTATE AND PRRT CONSIDERATION.
<br />OF THIS LORN.
<br />Together with all the appurtenances thereunto belonging, and all covemnts in all the title-deeds cunning.; wkltssaid real<estate,
<br />and all the rents, issues and profits azising therefrom after default in performance of any covenantor condlton herein con-
<br />tained; and warrants the title thereto perfeM and clear except for this mortgage.
<br />During the time this mortgage is in force the mortgagors agree:
<br />First. To pay all taxes and special assessments levied against said premises, including all taxes and. assesaments~-levied
<br />upon this mortgage, or the debt secured by this mortgage.
<br />Second. To keep all buildings thereon insured against loss by fire, lightning and tornado in some company, to,he,ap,
<br />proved by the said Home Federal Savings & Loan Associafion of Grand Island in the sum of ~ insurabit; value for
<br />the benefit of the said Association, and its successors or assigns; and to deposit said policies with said Association, and shall sot
<br />commit or suffer any waste on said premises, and shall put and keep said real estate buildings and iIDptovements in-good.
<br />order.
<br />Third. To pay or cause to be paid to the Home Federal Savings & Loan Association of Grand Island; its succeaeora or
<br />assigns, the sum of # ONF HII mRFn THf11iSANn tlnal nlrV]nn__________________________-_ - _DpyI,AgS,
<br />payable as follows:
<br />$20,000.00 OUE march 1, 1985 --
<br />$20,000.00 DUE march 1, 1986
<br />$20,DOD.DO DUE f~arch 1, 1987
<br />$20,000.00 DUE march 1, 1988
<br />$20,OOD.00 DUE march 1, 1989
<br />with interest thereon yable, according to the tenor and effect of the one certain first mortg~~ Eo said mortgagors,,
<br />beating even. date with these prnseats. After maturity said bond draws interest. at the rate of''~p~r Bent per annum>-
<br />If^said taxes and assessments are not paid when-due; or if the buildings on said premises- are not insured as above pro-
<br />vided; or if any of said interest is not paid when due, then said J.p:$ shall become due immediately, a4'the option of the:.
<br />said Association; and shall thereafter draw interest at the rate o, ~« , r cent-per annum:.
<br />The mortgagor- hereby assign_S to said mortgagee all rents and income arising at any and all t/mea-from said
<br />propene aad,hereby authorize said mortgagee or its_agent, at .its option, upon default, to take chazge: of, said-properte and.'
<br />collect all-rents and income therefrom and- apply ttie same to the payment of interest, principal, insurance premiums, taxes;
<br />assessments, repairs or improvements necessary to keep said property in tenantable condition, or to other charges or pay
<br />menu provided. for herein or is the note hereby secured: This rent assignment shall -continue=.in force -until, the; unpaid: bal
<br />ante. of said note is fully paid. The taking of possession hereunder shall in no manner- proventoT retazd said mortgagee in
<br />the,.colleMion of said sums by foreclosure or otherwise.
<br />Whether said debt becomes- due by lapse of time, or by reason of the failure of the: party: of the: first part to comply
<br />with any condition herein, the said Home Federal Savings k Loan Association of Grand Island, the successors and assigns,
<br />shall have the right to begin the foreclosure of this mortgage at once on the whole debt hereby,secuced, and to include
<br />therein all taxes, assessments, insurance premiums and costs, paid by it or them; or said Association, its suceessors or
<br />aasigos, may foreclose only as to the sum past due, without injury to this mortgage, or the displacement or impairment
<br />of the.lien thereof.
<br />And the, said-first party and the. makers of said note, especially-agree and declaze that the sepazate estate of each and
<br />every one of them; including bath that now owned and that hereafter acquired, is pledged and bound for the payment of
<br />the- debt he=ehy secured.
<br />Auer the commencement of any suit in foreclosure the plaintiff therein shall be entitled to the immediate possession of
<br />"said~.premisea.and-the appointment of a receiver therefor, notwithstanding they may be the homestead of the occupant and
<br />notwithstanding the parties liable for the debt may be solvent, and the first party hereby consents to the appointment of a
<br />Receiver upon'4he production of this indenture, without other evidence.
<br />The, foregoing conditions-and agreements, all and singular, being fully performed, this conveyance shall be void, other-
<br />wue to be and remain in fuII force:: and effect.
<br />Signed th+a 1st day oL march _w. D la 84
<br />In Brasonce oi. DODDNC.
<br />BY: F_rnast L.~D~~,h,~~n~_
<br />W wi m:t` I. Dash, `:t c.t et~t 3
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