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52~=--SECOND:R EAR ESTATE MO RTGAGE-tiYith Tax OIaUSc
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<br />T'ne EZufSman Geae-a: 5L`]IrJrf Houae, Lineoln; deb:•. ?
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<br />KNf)W ALL NiEN BY TI3ESE PRESENTS:
<br />THtITLorYt?E, Garry D. Thomas and;, Beverly"J. Thomas, .husband and wi£e~ :N
<br />of Ha11 Conrty and State of Nebraska. , in consideration of the coal ~7
<br />-----°-THIRTY THOUSAND AND NO/100---------($30,000.00)---- --I'"=
<br />=xsa+t r - -s ~~ ;~
<br />a>. , it
<br />in hand paid; do hereby SEiL and CONJEY xersto The Grand Island. Producti~ri-Grbdzt Associat=icrY
<br />Q ,(mortgageej,
<br />~ of Hall Cosintg•, and State or Nebraska • t;zz `orfa,_r:ng dzscrihed prer»:acs j
<br />C~ sitxuxted in Hall Count+,', and Stale qr Nebraska to-.~st
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<br />~+i SEE ATTACHED LEGAL DESCRIPTION ON PAGE 2.
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<br />The intention being to ranzry hotel y an absotuta title in fee simpl^ including all liar rights of harnrstcad and dnztwr. ~
<br />TO HfiYE AtiD Tr'3 HOLD the prcmisrs Rboi~r descrioea zazih uld the c:ppurtenanees tl:errunta belonging zcnto
<br />the said rnortgagae or rnortgagars and to his, Lac yr tl:w^fr heirs and assiyrxs, forez+cr, prozridrd aizvayr, and t{test prrs-
<br />ants are upon the espress con~Jitian t/sat i~ tlse said rnnrtgagor.or rr,:~r#gngars; lt%s, ltier ar thz^ir heirsn executors, admin- ';
<br />istratUrs ar assigxs shall ,hay yr casisr to !:a paid to thr s.xtd murtyrryr~; nr rnortgagcrs and to leis, her or their`he:rs, c..-
<br />eautors, ddmi»iutrators Or assa.,Jns, thz Buhr o{
<br />--------THIRTY THOUSAND-AND NO/100--(530,000.00) Dolltirs, paynGle as frrJlozus, to-zcii: ;
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<br />On;ar before July-31, 1982
<br />The mortgage debt as shown stands as collateral security for certain note or notes des
<br />~cribed in a collateral agreement of even date signed by the mortgagor. Ttie mortga€re
<br />debt may be accelerated at the option of ttte mortgagee upon the default or non-payment j
<br />of notes, renewals or extensions provided for in sold collateral a~;reemenC, and 'the
<br />mortgagee may. in suctx event proceed to exorcise any rights it may Sxave hereunder the
<br />same as a default in any o[her obligation or covenant in this mortgage. !'
<br />with interest thereon nt per ra•nl per annum, pdtiable annually, arcordirsg to the lrnar and effect of
<br />the promissary note with intarest coupons at cchtd of snid :Ylortgagors; 5carfny en date aztl llrese pr
<br />ants, and stroll pay all taxes and any interest o», or rrsdturing installments of principal, dua. ors any. prior rrsortgage an,! i
<br />assessincnts lezied upon snid trot zstatc and aft other taxes, ta2Yes and assessments fezdad +apan this nzort•gage or the €
<br />note whicis ibis nsortgagz is gizren to .eruct, bzfor~ Ilse same becam~s definyuent and Z;eep the bufldirgs un said ''
<br />premises insured for the Burn ,~ , Giss, if any, payable to sveiz jarst rnortgayzes or this morlyagee, or both,
<br />then these presents 5e zoid, otkerrs`isz to be and res:tarn in full farce.
<br />IT IS FURTHER .4GREEL (x; That if the. said nxartgagar sh¢ll fail to pay such-taxes and sssclx interest or.,
<br />or matzaring instafImants of prsnap tI dus on t ny prior marryaye and proacre ae~h n urance, ilzers psis mortgagee rrsaq
<br />pa}'such lases and suck inf<~rest on; or m tart>zg installments rrf principal, disc on nr;f prior +riortyaye and procure
<br />.rah insurance; and t{se sunz sa adzancea ze~xth inierr~st at erne parr cent shall 5e pmd u1 said rrzartgagar, and t{ais +nori-
<br />7agc shall starsd as security for t{ie .acne. IzJ That a failnrc #a pc~• any of'said murzf~, either principal ar interest an !,
<br />.itzs or any prior mortgage, when: the samz becomes dua or a. failure to,rornply:with nnti• of the foreyningngreements, 3
<br />shalt cause thz .whole .sass of money herein senxred to 5erome ds+a^ and colfectabte at oncz'at the option of the nzort- }
<br />k 9agze-
<br />IT IS FURTHER r1GREED That' said rnortgagae, pending foreclosure of t1,is mortgage a+rd after decree and
<br />pending stay tlsereors or appeal tharefrmrs and pending. sale of prenuses °rrzortgaged, rezay paj~ such tales and rnatursng
<br />~ snterest or rnatisring inrtallna.^nts of principal, ms prior rnorfgnyes, rr~czsrr s+sth insurance and ,such sxrnis shall be ~
<br />added to Ilse arnaunt droe on decree and upon confrrmation of salevy tfie court ordered taken out afprnreeds bf sale; I
<br />i or- if redeemed'dxrriny stay, appeal or saki, such amounts shall, be rallect_d tliz .arise as lhaxzgh ft,zaer•c apartof such
<br />J decree.
<br />S'igrzed this 14th day of April #~ $2 F
<br />E t+x_Yresenre a{
<br />BettyJ.Rockwell L~~',. ~~ Thomas
<br />:, ISeve:rly .i. Thorrtas
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