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~~°~" ~~tt051'
<br />EsTATS Mca~
<br />SFa"'URIIvTG pi° AND FUII~E AL3VANCES
<br />Kt~dY AI,I, MEN BT' T[~F. SE PRE.`~TS :
<br />q THE OVERIAND NATIQNAL BANK OF C~tAi~Il) ISLAND, TRUSI`EE OF THE TRUST UNDER
<br />cm®a
<br />Z her one or re rein gagors of u.., ~
<br />County and State of 7Vanracka in consideration of the stIItl of
<br />._.. ___ ....~ ,,,..mrs
<br />r'.n hand paid, do hereby SE[~, and CL3NVF'Y unto _~e~4st~r12n~ 7<Tx4;nnal Rank of
<br />Grand Island. Grand Island. Nebraska (herein called Mortgagee} of _~,j1
<br />(bunty, and State of Nebraska, the following described premises situated in
<br />Hall County, and State of Nebraska, to-wit:
<br />The Northeast Quarter (NEB), the Southeast Quarter (SEA) and the
<br />East Half of the Southwest Quarter (E~SW~} of Section Three (3},
<br />Township Eleven (11) North, Range Ten (10} hest of the 6th P.M.,
<br />Hall County, Nebraska.
<br />The intention being to cAnvey hereby an absolute title in fee simple including
<br />all rights oY homestead and marital rights, if any, and to waive any exemptions
<br />to which Mortgagors may be otherwise entitled under state law or federal banking
<br />laws with respect thereto:
<br />TQ HAVE AND Ta FT3I.D 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 that if
<br />Mettenbrink Fares Inc. or Mortgagors, their, his,
<br />her or its heirs, personal representatives, successors or assigns shall pay
<br />or cause to be paid to Mortgagee and to its successors or assigns the sum of
<br />$2 41I 606 73 presently
<br />advanced and the amount of -future advances to 14PttPnbrink 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 '1~ P4ILLIO~I FIVE H-~.Tltl~ THex7SANn DOLLaRS-
<br />~St~`K2/100 ~..r DCHTARS at any one time unpaid and outstanding, due and pay-
<br />able, with interest, according to the ternis of the pranissory note(s) evidencing
<br />such advances}, 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 pranissory notes} evidencing the same,. and the Mortgagee from 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 />secured hereby; provided only that the fatal principal amount of unpaid in-
<br />debtedness secured by this mortgage shall not at any one time exceed the max-
<br />imum amount above stated plus any advances to protect the security; and if
<br />Mortgagors 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 a[id 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, ar Mort-
<br />gagee, or both, then these presents shall be void otherwise to be and remain in
<br />full force.
<br />IT IS 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 parcure such ins~uranee, then Mortgagee may pay such taxes and such int-
<br />erest and maturing installments of principal, due on such prior mortgage and pro-
<br />ctine such insurance; and the sums so advanced witY, interest at National Bank of
<br />Corsmesce, Lincoln. Nebraska Prime Interest Rate per cent shall be paid by
<br />Mortgagors, this mortgage shall stand as security for the same. (2) That a
<br />Saill:.+'~ to pay any ldlOf'bcexutesa, E; l.tllei priit%ipai or interest S~~„r°d by t~'!iS or
<br />any prior mortgage, when the same bec~cmes due or a failure to comply with any of
<br />the foregoing agreements, shall cause the whole scan of money herein secured to
<br />becane due and collectable at onoe at the option of the Mortgagee.
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