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SECOftING ~~vr Ate ~ aa~vANt~s v ALL MEN Iii' THESE pFiES~E3~Ti'S: TLAlfl /'_ADV A)L I~TL MiQDTi~~ TlWR A~j~1]F(' TVTTAT ARI~TTP'TT42R T1U7I Gl~~ ('GFN"A Vt1RK Zwwhether one or more herein called Mortgagors) of Ha County and State o. Nebraska in cx~nsideration of the sun of Four hundred nine thousand dollars & noi100 ---_~~409 000.00)------- ~~ in hand paid, do hereby SII,L and OQNVEY unto The (}verland National &~nk of Grand Island Grand Island Nebraska (herein called Mortgagee) of Hall County, and State of Nebraska, the following described premises situated in Hall County, and State of Nebraska, to-wi.t: ATPACHED 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 exemptions ' to which Mortgagors may be otherwise entitled under slate law or federal banking laws with respect thereto: TO HAVE AVID TO FAIII the premises 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 4~1 Agricultural Associates or Mortgagors, their, his., her or its heirs, personal representatives, successors or assigns shall pay or cause to be paid to Mortgagee and to its successors or assigns the sun of Four hundred nine thousand dollars & no/100 (409,000.00) presently arivanced and the amount of•future advances to 4M Agricultural Associates (repayment of which are guaranteed by any Mortgagor not receiving sneh advance) which together with the amount presently advanced shall not exceed the total sun of Four hundred. nine thousand dollars & no/100 -{$4pgi006}-~ D(%,LARS at any one time unpaid and outstanding, due and pay- able, with interest, according to the tex~ of the pranissory note(s) evidencing such advance(s), being the intention and agreement of the parties that Fran time to time advances secured by this mortgage will be repaid according to the terms of the praaissory 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- imim amount above stated plus any advances to protect the security; and if bfortgagors shall pay or cause to be paid any interest and maturing installments of principal due on any prier mortgage and all taxes and assessnents 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 secure, before the same becanes delinquent and shall keep any building on said premises insured for the full insurable value thereof with loss payable to such Mortgagees; if any, or Mort- gagee,. or both, then these presents shall be void otherwise to be and remain in full force. IT IS FUR AGF{E8} {1} That if bortgagors shall fail to pay such taxes a,nd such interest on, or maturing instalLn;:nts of principal, due on any prior rmrt- gage and procure such insurance, then Mortgagee may pay such taxes and such int- erest a~td maturing installments of principal, due on such prior mortgage and pro- cure-.such insurance; and. the Barns so advanced with interest at The Overland National Bank of Grand Island phiTne.Interest Rates per cent shall be paid by Mortgagors, and this mortgage shall stand as security for the same. (2) That a failu_,x:,to pay any indebtedness, either pri^.^,ipai ox interest secured by this or any,prior,martgage, when the same becanes due or a failure to comply with any of the foregoing agreanents, shall cause the whole sum of money herein secured to become due anti collectable at once at the option of the &lortgagee.