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J 83~' 005600 r.10RTGAGE This Mortgage is entered into between JAMES D. NARBER and DONNA R. NARBER, husband and wife (herein referred to as Mortgagor" whether one or more), and THE OVERLAND NATIoNAL BANK OF GRAND !SLAND, Grand Island, Nebraska (herein referred to as. "Mortgagee"), WHEREAS, Mortgagor is indebted to Mortgagee by reason of certain extensions of credit, represented by a Promissory Note dated .June 29, 1982, in the o.riginal principal amount of TWo Hundred Seventy-Nine Thousand and Nolloa Dollars ($279,000.00) with a due date of January 15, 1985, providing for payments of principal and interest as set forth therein, the total principal presently due and owing being 1\t,Q 'l~ Seventv 'IllnIl....nil Ibllars and fio/lOO ($270 000 00 : iLd WHEREAS, Mortgagee is t,he owner and holder of the Note hereinbefore described: said Note being secured by an Assignment date~ J~~e 29, 1982; and WHEREAS, at the special request and insistence of Mortgagor, Mortgagee has agreed to permit Mortgagor to list and sell a port ion of the real !~state described in the Assignment dated June 29, 1982, for less than the value it has been listed at by the Mortgagor in his Financial Statements ro the Bank: and 11HEREAS, Mortgagors are the record owners of a parcel of real property, said real property being more full v described below. NOW, THEREFORE, in consideration for the continuation of credit evidenced bv Mortqaqor's Promissory Note of June 29, 1982, including all renewals and extensions thereof and including any other or future not.e or notes representing future advances and readvances: and to provide addit:'.onal security for the payment of the indebtedness evidenced by Mortgagor's Promissory Nate dated June 29, 1982, due on January 15, 1985, together with interest as provided therein together wlth any and illl extensions or renewals thereof: and the payment of all "ther sums, with interest, advanced hy Mortqaqee to protect the security of this Mortgage, the payment of all other or :uture advances and readvances as provided herein and the performance 0f the covenants and agree- ments of the Mortqagor contained herein, Mortgagor does hereby mortgage and convey to Mortgagee the following-described property, located in Hall ('ounty, Nebraska: A. tract of land III the North Hal f of the Northwest Quarter {NI,NW\} or Section ':'en nOl, Township F.leven (Ill North, Range Ten (101, West of the 6th P.M., more accurately described as follows: Commencing at the northwest corner of said Section 10, thencE' in an easterly direction alonq the north line of said Section 10 a distance of 1981.11 feet to the point of beginning, thence in a southerly direction parallel to the west -1- L L u ..J