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MORTGAGE '' i : ~~ `~'!
<br />..~~ ~ $4 -- 002~~88
<br />This mortgage made and entered into this 9 tt h day of A p r i 1 ,
<br />r ~ 19 8~,byandbetween Randall Dibbern, Phillip Dibbern & Mark Dibbern
<br />dba Dibbern Pork
<br />(hereinafter referred to as mortgagor) and Northwest National Bank
<br />r
<br />(hereiraftet teferred~to as
<br />mortgagee), who maintains an office and piece of business at 2008" North Webb Rd. street in Graftd'Ithtad,
<br />Hall County, Nebraska.
<br />WtTNESSerH, that for the consideration hereinafter stated, receipt of which is hereby acknowledged; the r[tortgagon
<br />does hereby mortgage, sell, grant, assign, and convey unto the mortgagee, its successors and assfgts, atl,,of the fo1-
<br />lowing described property situated and being in the County of
<br />State of Nebraska.
<br />Lot #l, Dibbern Pork Sub-division, Part East Three Quarters (E 3J4),-
<br />North One Half (N~), Northwest One Quarter (NW}), Section Two (2),
<br />Township Ten (10), Range Twelve (12), West of the 6th P.M.,
<br />Hall County, Nebraska
<br />together with all the tenements and appurtenances thereto belonging, ail the rents, issues and profits thert©f, and aU
<br />easements, rights, royalties, mineral, oil and gas rights and profits, water, water rights, and water-stock; atttlfrteludins
<br />all heating, plumbing, refrigeration, lighting, equiptnen[ and all fixtures of every description belon~itt~ to- the:
<br />mortgagor now or hereafter attached thereto or used in connection with the premises herein described attdcin atiditioo
<br />thereto the following described progenies which are and shall 6e deemed to be fixtures and a part of the realty, and
<br />are a portion of the security for the indebtedness herein stated. (lf none, state "none")
<br />To have and to hold the same unto the Mortgagee, as herein provided:
<br />The mortgagor is lawfully seized and possessed of and has the right to sell and convey said property;: that the
<br />same is free from alt encumbrances except as hereinabove recited; and that Mortgagor sovenagts to wacragt and
<br />defend the title aforesaid thereto and every part thereof against the claims of aH persons whomsoever.
<br />This instrument is given [o secure the payment of a promissory no[~dated A y r i 1 4 , 19$4
<br />in the principal sum of 585,000,00 and $75j 000.00 _, signed byR~dall, Ph~tlip & Mark n; hhorn
<br />in behalf of Dibbern Pork __ ____.____ _
<br />also, as such note or notes may from time [o liana be modified, renewed or extended in writing.
<br />In the event the title to said real estate is transferred, or contracted to be transferred, from the undersigned for any
<br />reason or by any method whatsoever, the entire principal sum and accrued interest shall at once become due and
<br />payable at the election of the holder hereof. Failure to exercise this option because of transfer of title as above staled
<br />in one InStagCe shad not constitute a waiver of the right to exercise the same in the event of any subsequent transfer.
<br />1. The mortgagor covenants and agrees as follows:
<br />a. To promptly pay the it3debtedness evidenced by said promissory note at the times and in the manner
<br />therein provided.
<br />b. Ta pay all taxes, assessments, water rates, and other governmental or municipal charges, fines, or
<br />impasitians, for which tnpvision tray not been made hereinbefore, and will promptly deliver the eftieiaJ recetpt+
<br />therefor to ttre +ard mirrtga,gee.
<br />c. "fo f~~y *uch expeturs and Etas ~ may be incurred in the proteaiora and nrarntetaanee cif maid pntpzrty.
<br />inrhtding the fees of any attorney empfoytd by she mortgagee for the coitectsan .rt arty or uii of tJre itrdebtedacss
<br />hstetsy fecttreil. ~ CorecJosure try rraottgai6ee's sate, nr t~arr't prcx ~Jrr=~e. „t :rr an} rze her ii€igrrtuur t*r ~+n~rctiu;~
<br />aff~ttng seed proi~tty
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