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bt---t"sC~17L Effi't'b'IC~'I~C,tY~"'~411~+G~--t'YV111¢ "!"sac Cts~awo3 xv~timsz~ arastl F~hton, It Warr.. WSOtmm. ne. Gfda61
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<br />I~biOfY ~1LL,S<I EY THESE PRlSENT3': That ,Jerry .ee and Da!rlen~ Ann McAhren
<br />of Hall Coaxty, and State of Nebraska , ix consideration of the sum of
<br />Eighty Thousand and No/100-----------------------------------------------------DOLLARS
<br />ix hand paid, do hereby SELL and CONVEY unto Grand Island Production Credit Association
<br />of Hall County, State of Nebraska the following described premises situated
<br />in Hall County. and State of Nebraska , to-aril:
<br />The East Half of the Southwest Quarter (E~ZSW4) of Section One (1) in Township
<br />Ten {10) North, Range Eleven (17) West of the 6th P.M., Hall County, Nebraska
<br />AND The East Half of the Southeast Quarter (E~-=SEA) of Section Twelve (12),
<br />Township Ten (10) North, Range Eleven (11) West of the 6th P.M., Hall County,
<br />Nebraska
<br />The mortgage debt as shown stands as collateral security for certain note or notes
<br />described in a collateral agreement of even date signed by the mortgagor. The
<br />mortgage debt may be accelerated at the option of the mortgagee upon the default
<br />or non-payment of notes, renewals or extensions provided for in said collateral
<br />agreement, and the mortgagee may in such event proceed to exercise any rights
<br />it may have hereunder the same as a default in any other obligation or covenant
<br />contained in this mortgage.
<br />Ths intention being to convey hersby ax absolute title in fee simple, including all the rights of homestead and dower.
<br />TO HAI~'E AND TO HOLD the premises above described, with alt the appurtenances thsrguxto belonging,
<br />unto the said mortgagee(s) and to his, her or their heirs and assigns faravsr, provided always, and these presexss are
<br />upem the express condition that if the said xwrtgagor(s), his her or their heirs, executors, adtnirsittrators ar assigns
<br />shall pay or cause to be paid to the said mortgagee(s), his, her ar t#sir hairs, executors, adnrinish'ators or atsigxs, thx
<br />priucipat sum of $80,000.00 payable as follows, to wit: March 15, 1984
<br />with interest according to the tenor and effect of the mortgagors written promissory note bsarsng even date with floss
<br />presents and shall pay all taxes and assessments levied upon said real estate, and al! other lases, levies and assessments
<br />levied upon this mortgage or the note which this mortgage is given to secure, before the same becomes delinquent, and
<br />keep the buildings on said premises insured for the sum of $ ---- loss, if any, payable to the said
<br />mortgages, then these presents to be void, otherwise to be and remain in fuU forts.
<br />IT IS FURTFIER AGREED (t) That if the said mortgagor shall fait to pay such taxes or prods suck ix-
<br />surattee!, the said mortgages xtay pay sorb taxes aced procure such ixsumnce; and the sum so advanced, with intnest
<br />at -` per cant shall bs repaid by said mortgagor, and this mortgage shall stand as security for the same.
<br />(a) Tr~} ~, fie ~ ~dy ~'i' of sold- money, either princdpat or iutsrest, when the same 6scoeues dos, or a fatTurs to
<br />sam~t~ w~ ~~ ~at°st7~gg agrsemettts, shalt cause tits whole tam of money herein secured to bacouts dw ae+d
<br />caAecti$t3~ rt~ it'~th8~°optioK~sj tMts ~rtartyagee.
<br />Sigrid_t/tis ~i~~_ ddy.:a~ . ~+Pri'.\ zg=,t 1 ~
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<br />Ix preseriis of ~ j',r N„~, ... % ~ ~T `"
<br />err ee~en . ..f~! ~.~ .............._._
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