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~- ~' °.~.°~} cy l~ 5 ~. ~~. ~.Si°ATE Mc~TC~u~: SF~UFt.ING PFiESF~TP ARUI FC7ITlR:E AIIVANCES KNOW ALL Mi~1 f3Y THESE PR~lTS: 'FIAT artr ~ ~rr~~n~r~_ whether one or mom trerein called Rortgagors} of Hall i3ounty and State of Nebraska __ , in consideration of the scan oi' T41~_-- Grand Island Grand Island Nebraska (herein called Mortgagee} of Hall i:.oeurty, and State of Nebraska, the following described premises situated in Hall County, and State of Nebraska, to-wit: ATTACfIED The intention being to convey hereby an absolute title in fee simple including all rights of homestead and marital rights, if any, and to waive any exFmptions ' to which Mortgagors may be otherwise entitled under state law or federal banking laws with respect thereto: 20 HAVE AND TO I~;II} the pranises described, with all the appurtenances there- unto belonging unto the Mortgagee and to its successors and assigns, forever, provided always, and these presents are upon the express condition that if Mettenbrink Farrms Inc. or Mortgagors, t?teir, his, her or its heirs, personal representatives, successors or assigns shall pay or cause to be paid to Mortgagee and to its successor-:a or assigns the sum of $2,411,&06.73 presently advanced and the amount of future advances to ~4ettenbrink Farms Inc. (repayment of which are guaranteed by any Mortgagor not receiv~rg such advance) which together with the amount presently advanced shall not exceed the total star oY TVitO 3~ffLLI~I FIVE HUNDRED TFiQUSP.ND DOII.,ARS & ~/100 --- DOidARS at any one time unpaid and outstanding, due and pay- able, with interest, according to the terms of the promissory rate(s) evidencing such advance(s), being the intention and a~meement of the parties that from time to time ads=ances secured by this mortgage will be repaid according to the temps of the promissory note(s) evidencing the same, and the Mortgagee fran time to time may, at its option, make future additional advances and readvances, and renew: or extend note(s) evidencing outstanding indebtedness which shall be secured hereby; provided only that the total principal amount of unpaid in- debtedness secured by this mortgage shall not at any one time exceed the max- imum amount above stated plus any advances to protect the security; and if Mortgagors shall pay or cause to be paid any interest and maturing installments of principal due on any prior mortgage and all taxes and assessments levied upon said real estate and all other taxes and assessments levied upon this mort- gage or the debt which this mortgage is given to secu.^e, before the same bec.•,~s delinquent and shall keep any building on said premises insured for the full 9nei~rut,Ie value thereof with loss payable to such Mortgagees, if any, or Mort- gagee, or bath, then these presents shall b° void otherwise to be and remain in full Yorce. IT IS A(~? (1) That if Mortgagors shall fail to pay such taxes and such interest on, or maturing installments of principal, due on a:ry prior mort- gage and procure such insurance, then Mortgagee [tray pay such taxes and such int- erest and maturing installments of principal, due on such prior mortgage and pro- cure suds, insurance; and the suers so advanced with interest at ~;ational I3aslk «P Coremerce Lincoln Nebraska prime Interest Rate per cent shall be paid by 1hrt~nrg' and Chic. mnrtgA~e ahall gt?~»A ~c car~a~riYv fqr Y.FtE? ~aifif, (2'1 That 33 failure to pay any indebtedness., either principal or interest cured by this or any prier trrartga$e, when the same becanes due or a failure to ccxnply w2th any of the foregoing agneanents, shall cause the whole s-utn of money herein secured to bed due and. collectable at once at the option of the hSortgagee.