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<br />$2---i1ui3$
<br />1 REAL ESTATE `MORTGAGE
<br />Kl3QW ALL P3EN BY THESE PRESENTS: That;.
<br />THE FZ'RST 1INITED :~SETHODIST CHIIRCH OF 4vTOOD RIVER, NEBRASKA,
<br />a Nebraska nonprofit corporation, of Hall County, Nebraska, Mortgagor,
<br />in consideration of the sum of ONE HIIiJDRED THOUSAND DOLLARS,--~---
<br />($100,000,00)
<br />payment of which the '4ortgagar does hereby commit itself, does here-
<br />by se-11 and convey unto
<br />1tANK t?F WOOD RZVER, a Nebraska Barking corporation, of
<br />Hall Caunty, Nebraska, mortgagee, the following-described premises
<br />situated in Hall County, Nebraska, to wit:
<br />Lot Seven {7), Lot Eight (3), and the
<br />Westerly Twenty-rive {25) Feet of Lot
<br />idine (°), and alI in Block i•Iine {ei) in
<br />the Original Toc~-n of I+food River, Hall
<br />County, Nebraska.
<br />The intenti.an being to convey hereby an absolute title in fee.
<br />simple.
<br />TO HALE AND TO i{0LD the premises above described, with all the
<br />appurtenances thereunto belonging, together with €uture improvements
<br />on said premises, unto the staid Mortgages, it's successors and assigns
<br />fflrever, provided always, and these presents are upon the express con-
<br />dition that if the said Mortgagor, it's successors or assigns, shalt
<br />pay or cause to be paid to the said Mortgagee, it's successors or
<br />assgzas, the principal sun o_' $100,(300.00, wtih iierest, all accord:-
<br />. ing to the tenor and effect of the Mortgagor's written Promissory
<br />Note, bearing. even date with these presents, and shall pay all real
<br />estate taxes and special assessments levied upon said real estate.,
<br />and all rsther taxes, levies, and assessments levied upon this Mcxt-
<br />gage ox the Note which this s'•9ortgage is given to secure, before the
<br />sate become delinquent, and keep. the buildings and. improvements now
<br />or hereafter erected on said Premises insured for are amount at
<br />least equal, att. alI times,. to the unpaid balance of this loan, loss.,
<br />if any, payable to the said Mortgagee, then these presents to be
<br />wcsi , otherwise to be and. remain in fu11 force.
<br />iT IS FURTHER AGREED {l) That if the Mortgagor shall. fail to
<br />pay. such taxes or Procure such insurance,.. the Mortgagee may Pay
<br />such taxes and pracur such insurance..; and=the >um so advanced
<br />with interest at ~i 1s percent per annum shall be im~vdiately due
<br />and.. repayable by the Mortgagor,and this tiortgage shall stand as
<br />~e^_urity for the same.. {2) That a failure to pay any of said
<br />Principal or fnterest, when. the same. become due, or failure to com-
<br />ply etch any of the foregoi;rtzg agreements or those agreements con-
<br />rained in said written Promissory Note of the Mortgagor and' ~ Peen
<br />love h~rFa•: r~, {%hr7 t~~rY^s of L'C?: ^,tc .••- ^^^rporated 'ierPi., try
<br />referen ~~ ; shall ^ause the .entire unead halance hPr~z.n .,nnvzr~d to
<br />~becortc~ do~~ ..,~; ;a :u1e, at once, at the option of the :•Tortgagee.
<br />4Jaiver by the ~ttoregagee of any one default shall not constitute
<br />wa•rer eF any subser7uPnt default,
<br />
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