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<br />Ii !sa_A_REAL ESTATE MORTGAGE-(Wlth T"".:Ia....) ~~_____.__~~nd Felton & Wolf, WllloII, He. 68461
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<br />., lKNOW ALL MEN BY THESE PRESENTS: That John D. Franke and Barbara A. Franke, husband and
<br />! wife, each individually in his and her own right and as spouse of the other;
<br />" I <If Hall County, and Slalaof Nebraska . in comridera_ofthe..-of
<br />~ t! I EIGHT THOUSAND AND NO/100-----------------------------------------------------400LlJURS
<br />F i 'I I in.1umd paid, do hereby SELL and CONVEY unto The First National Bank of Grand Island,
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<br />,: lo( Hall County, state of Nebraska the loUowingdeocribed prem;,.e.,1Ii~
<br />! jn Hall County, and Slate 01 Nebraska . lo-wit:
<br />,. fA tract of land comprising a part of the North Half of the Southwest Quarter (~S~) of
<br />iJ [Section 23, Township 10 North, Range 11 West of the 6th P.M., in Hall County, Nebraska,
<br />'f jmore particularly described as follows: Beginning at the northwest corner of saidS~;
<br />if j thence easterly along the north line of said SWJor;, a distance of TlJo Thousand Six Hundred i
<br />iFive (2,605.0) feet, to the northeast corner of said S~; thence southerly along the east!
<br />I line of said SWJor;, a distance of Fourt Hundred Twenty-Nine and Twenty-Three Hundredths !
<br />! (429.23) feet; thence deflecting right 88"49' and running westerly, a distance of One 11,
<br />! Thousand Six Hundred One (1,601.0) feet; thence deflecting left 87"56' 50" and running ,
<br />jSoutherlya distance of Three Hundred One and Thirty-Eight Hundredths (301.38) feet; f
<br />ithence deflecting right 87020'20" and running westerly, a distance of Nine Hundred Ninety!
<br />i iFour and Nine-Tenths (994.9) feet to the west line of said S~; thence northerly along th~
<br />!west line of said Southvest Quarter (SWl1;); thence northerly along the west line of said I
<br />! Southwest Quarter (SIll,;), a distance of Seven Hundred Sixty-Three and Twenty-Five. HUndredtlls
<br />: (763.25) feet to the place of beginning and containing 33.338 acres more or less. I
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<br />; The inttontmn he:int: to eoftwoy h'-"N'hy an 3bsol-ut~ titl~ in t~ Sl mploP.-, mdudmg all the rights of homestead and dower.
<br />1 TO HAVE AND TO HOLD the pretnJ8t?fi ltrove descTi~, wlth aU the appurtenances thereunto beloncing. unto the -aaid
<br />; tnOrtJl':~{s) and to h~, hff.t' nr t~ir h~iu and aS$i~ (orev~r, provided always, and these presents are upon the expt'e88
<br />j condition that if l~ said mGrt.t:a~or-h.). hJL her Of their heirs. f'xet-"Utors. aduli.nistratnn or assigns shall pay Of cause to be
<br />1 paId to the MW lnortg-ageetl!j.}, hw~ h~r ot' their heir'll. {.:teL~tottt, adnnni<aton or usigns. the principal sum of $ 8,.000.00
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<br />. with ittkret il(COrdinc- to 1-1\11;1' \;m(~f and df<<1. oi the mort:g..un wr~tut'l promissory now hea.rin3 even date with these presents
<br />j aad &baU p<<y eU tax~ and ~ftbJ l~'loo UfX.)ft $!.aid r~ HUAW. and aU oUter taxa, li'Nia and ~enta levied upon this
<br />: ~ Qr iM nOW- which thu fl'UlrtJ';:tg:t," 110 gf"~.n t.l ~:'t.:.ur-(>. bt>tort" ihe ~~ bet~ml~ dtih.nquent. ~
<br />.a.. ....d.lIhmI: :Y~ , ~.....~...._~ ~ R.... then thMe- PI'tlMftll'
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<br />IT IS FURTHER AGlU;l<:O tll Tha, ,I \I.., "",<I """'p_ .halll"ill" pay ..""h '''...lIIP,..MW<~_the
<br />.aid mot~ n:uaS flay SUf:h t.xes ...~ .._..~ ,,~ and th... &UID !!of} adv~. with inte-retlt at pel'
<br />~t, dtalJ be repaKt by NUt! mt).t'~ur., and tlus mortg~ Jl.h.U ...tend llJi ~"1.l.rity fof' tho .-nfl'. (2) That a fa.ilure to pay any
<br />; 0{ said mont"!#', t"ither prlntlpal OJ' inl~re&t. wh<<-n lMo ~ ~{lInN due. or a failure lo COtQpi;y with any of the forecoinc
<br />~ ~nts, &hall cau. the whole- ~um ot ffiOtlr:v hernn ~red In bN."CtO<<!" due a.nd collectible at once At the option of the
<br />~ 1ftI.U,.....'
<br />Siped thit 1st ,lay "I September 1983,
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<br />ijLt~Q.,
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<br />..,t(~:'..:rOTifilJ;
<br />'. ..,,::I{;;i,jcB~rbaraPA:
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<br />In pf1tl'M".nt.~ ~JI
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<br />F'ra.iiK;;;.
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<br />STATE OF
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<br />N~l;>'!'~!<4.,
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<br />. . , , County of
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<br />. R~lL
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<br />The f~ iMtnuntmt was acknowledged before me
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<br />by . ,l!<~, P',..fr~li'. ;>.'\<1 Jlll.r;bara A. Frank,,;
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