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<br />I NEBRASI-A REAL ESTATE MORTGAGE Foen+ oec (~e~. a-~z)
<br />(Ifith Future Advance Clause)
<br />THIS MORTGAGE made this 22nd day of March 191, between # ,
<br />FARMERS UNION COOPERATIVE ELEVATOR ASSOCIATION OF GRAND ISLAND, NEBRASKA, i
<br />Grand Island Nebraska, a Cooperative corporation organized and eaisting under the
<br />laws of the State of Nebraska, {hereinafter called the "MORTGAGOR") and OMAHA BANK FOR COOPSRATIVSS.
<br />organized, chartered, and existing under the Farm Credit Act of 2971 (hereinafter called the ^riORTGAGEE^),
<br />whose Past Office address is Omaha, Nebraska.
<br />MITNESSETH
<br />tTHEREAS, the Mortgagor has applied for and the Mortgagee has approved loans to the Mortgagor in
<br />the total principal sum of Three Million One Hundred Twenty-three Thousand and no/100 - -
<br />- - - - - - - - - DOTI.ARS {S 3,123,009.00 ), evidenced by Sts seven promissory
<br />note(s) given by the Mortgagor to the Mortgagee as follows:
<br />Date of Note Principal Amount Interest Rate
<br />March 22, 1979 $ 200,400.00 10 3/4% per annum
<br />March 22, 1979 $1,000,000.00 10 3/4~ per annum
<br />March 22, 1979 $ 350,000.00 10 3/4X ger annum
<br />March 22, 1979 $ 200,004.00 10 3i4% per annum
<br />riarc:h 22, i979 $ 275,vv4.vv i4 3/.'% °yer au,ic n
<br />March 22, 1979 $ 500,000.00 10 3/4% per annum
<br />:4arch 22, 1979 $ 598,000.00 10 3/4X per annum
<br />All a~ the aforesaid antes are PAYABLE ON DEMAND, with interest payable quarterly,
<br />PBtIVIDBD, HOb1EVER, Lhat if the interest rate on any of these loans is increased or
<br />decreased by the Mortgagee, the unpaid balance of said notes shall hear such in-
<br />creased or decreased rate.
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<br />ge ~i~. ~i~reh 22 1484 f ravisied further, Y~rever, *_hat nothing in this paragraph
<br />shatoaatituFe a ~t to increased advances or future loans is anq amount.
<br />~ 'ice, THIS Iii YIYf>
<br />'il+lat ifs afdar to sacu~ t3ae ptawent of said ante [_s) and intefrest thereon ens Lc secure any and alI
<br />awes, rradrsmces, Sntxeaaad advances, ens suture loans, and to secure the perfoxzance and obser+*sece
<br />of ail the Oa-anaaf:S asu4 aoedltioea tbereaf or curtained iuareln, aexl for and 1n cof;.slseratlon of the
<br />p3+es3aee sad of the eam of f ~+~~,~-~ cash In hand pals, receipt of rhich 3s hereby
<br />~gsd. the loertgegar htn axecutsd eufd delivered this taartgage sad hereby grants. sells. and can-
<br />~+dys ~ t~ssis=~-=aLh<f - -c-ibEU .. -ocher;. _ ..._._:r.,:-. ~,~frav~~3is.
<br />rlgltt5. privileges, s;~pa~rtes28zsez3~aft*_ rssesre^ts tY~e:~xicLbelongfng. Lu~w]t:t
<br />Shia sarLgage 1s further given to secure such advances aiM readvances and LuLUre loans and in-
<br />efbaaed advances as the Mortgagee say Waite to the Mortgagor Eros Lisa to tine. It being understood and
<br />agreed that: 1f partial pests on said Sadebtedness shall be lade at any tree, than and 1n that event,
<br />rakes nay De lade by the Mortgagee to the Mortgagor, and SC is further understood that the MOrtga-
<br />gaa mag sate tutmx lases 8r incrKased advances td Lhe Mortgagor, ens that all advances, readvanees,
<br />i advaeccaa. at3d future IaanS shall be secured by this ~rtgege. The said future advances. re-
<br />adtasoea, iaer+fased advances, and future loans shall be evidences by a prasissory note or notes executed
<br />ass@ delirrr+ad by the Ms-rtga~ Lo the Muri$agea. !'his mortgage is given to secure sail suture note or
<br />IIat.e3 as well as the notes nov existing, PR49II1£E, &O~Vl+R. the ultlaete asounL to be edvaticed here-
<br />aaeer shall net ezr~ed f ~•~•~-~ eud that all advances to be lade Larder this faortgage stall
<br />dll of the fallavistg described zeal estate in Hall Cauntq, Nebraska, to vit:
<br />'_ _ ~. tract e£ laud e~awprisi~tg a past of the South Half af the Narth-
<br />i seat irt~ at€ ti+~ 2l, ?ohip 13 Ncsrth, Eaage 9 nest of the
<br />,*~th F.II. #n 1b.t: Gouaty, igebraaica, mare garticuiarly deaeribed as
<br />4 ~ fpi.le~s; Hiap at the istersectiaa of the centerline of Lincoln
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