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~~ ~: t! ~. f~ 1 ~ ~SRATE Mf~TC~(~
<br />~c ~RFr r~ ~€rtzna~ ~v~~~
<br />ats. sY THF~ errs:
<br />THAT C~iRY hflsPPII~ZNK
<br />whether o~ ar more herein called Mortgagors) of Hall
<br />County and. State of Nebraska. in consideration of the sum of TG4O'
<br />MILLIE~ FIVE IT[JDIDRED THOUS6IND DOLIARS & .NO/.100 ---(~2 , 500, OOO.OQ)-- D(~LI.AR,S
<br />in hand paid. ~ hereby SF~L and C'Y unto Overland National. Bank of
<br />County, and State of Nebraska, the Following described premises
<br />Hall County, and State of Nebraska, to-wit:
<br />West Half of the Southwest Quarter (W~St4~), Section Three (3),
<br />Township Eleven (11), Range Ten (10) West of the 6th P.M.,
<br />Hall County, Nebraska.
<br />The intention being to convey hereby an absolute title in fee simple including
<br />all rights of homestead and marital rights, if any, and to waive any exeu~tions
<br />to which Mortgagors may be otherwise entitled under state law or federal banking
<br />laws with respect thereto:
<br />TO HAVE AID Ta Fi~LD the premises described, with all the appurtenances there-
<br />unto belonging unto the Mortgagee and to its successors and assigns, forever,
<br />provided always, and these presents are upon the express condition t:'ia+ if
<br />~iettenbrink Farms, Inc. or Mortgagors, their, his,
<br />her or its heirs, personal representatives, successors or assigns shall pay
<br />ar cause to be paid to Mortgagee and to its successors or assigns the sum of
<br />$2,411,606.73 presently
<br />advanced and the amount of -future advances to hTettenbrink Farms, Inc.
<br />(repayment of which are guaranteed by any Mortgagor
<br />not receiving such advance) which together with the amount presently advanced
<br />shall not exceed the total sum of TWO MILLION FIVE HITNDRID TI~IU'S9ND DOLT ARS
<br />& NO/100 D~JauS at any one time unpaid and outstanding, due and pay-
<br />able, with. interest, according to the texAS of the pranissory notes} evidencing
<br />such ad:rance{s), being the intention and agreement of the parties that from time
<br />to time advances secured by this mortgage will be repaid according to the terms
<br />of the pranissary note(s) evidencing the same, and the Mortgagee fran time to
<br />time may, at its option, make future additional advances and readvances, and
<br />renew or extend note(s) evidencing outstanding indebtedness which shall be
<br />secuxr_d hereby; provided only that the total principal amount. of unpaid in-
<br />debtedness secured by this mortgage shall not at any one time exceed the max-
<br />imun amount above stated plus any advances to protect the security; and if
<br />~8ortgagors shall pay or cause to be paid any interest and maturing installments
<br />of principal due on any prior mortgage and all taxes and assessments levied
<br />upon. said real estate and all other taxes and assessments levied upon this mort-
<br />gage or the debt which this mortgage is given to secure, before the same becomes
<br />delinquent and shall keep any building on said premises insured for the full
<br />.insurable value thereof with loss payable to such Mortgagees, if any, or Mort-
<br />gagee, or both, then these presents shall be void otherwise to be and remain in
<br />furl force,
<br />IT IS FURTf~R A(~ (1} That if Mortgagors shall fail to pay such taxes
<br />and such interest on, or maturing installments of principal, due on any prior mort-
<br />gage and procure such insurance, then Mortgagee nrdy pay such taxes and such int-
<br />erest and maturing installments of principal, due on such prior mortgage and pro-
<br />cure'such.'nm'*'A^ce; and the sums so advanced with interest at National Bank of
<br />rnp _ .9 ncx~1 n N .br.~- a Prime Interest Rate per cent shall be paid by
<br />Ffortgagars, and this mortgage shall stand as security for the same. (2) That a
<br />fa^17t~~a. tai r~_cr any w.~c ~, it::.°r priZLS:.p^...1 ., teicSt o~;':w~.-ed by tiYS u'
<br />aAy Prior mortgage, when the samecbecrn~es due or a^failure to ccxnply with any of
<br />the `foregoing agreanents, shall cause the whole sum of money herein secured to
<br />became clue and collectable at ante at the option of the Mortgagee.
<br />
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