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<br />52--REAL ESTATE r:. _-,. ~ ~,., _ .. . _.._ ..... .. .... . . ..,, .. , .. .._ _ _ :,:.::
<br />MORTGAGE--(IA/ith TtX Clatue) Huffman and Felton & Wolf, Walton, Ne 68461
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<br />KNOYV ALL &fEN BY THESE PRESENTS: Tkot Lawrence Lockhorn and Ethel Lo~khorn
<br />i of Hdf ~ County, and State of Nebraska , in considaration of tha sum of
<br />(Fifty Thousand and NoJ100------------------------------------------------------ DOLLARS
<br />fin hand paid, do hereby SELL and CONVEY unto brand Island Production Credit Association
<br />Hall Nebraska
<br />of County, State of the folloudng described premiscs situated
<br />irr Hdl1 County, and State of Nebraska , to-wit;
<br />The Southwest Quarter (SW;) Section 29, Township 12 North, Range 12 West of the
<br />6th P.F1., Hall County, 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 tt~ortgag
<br />debt may be accelerated at the option of the mortgagee upon the default or nonpayment
<br />of notes, renewals or extensions provided for in said collateral agreement, and the
<br />mortgagee may i^ such event proceed to exercise any rights it may have hereunder the
<br />same as a default in any other obligation or ccvenant contained in this mortgage.
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<br />Tke interili6n beinlt to Convey Hereby an absolute title in fee simple, including rill tks rights of harass#sad sad dater:
<br />TO FI~IYE FIND TO HOLD tha premises above described, with alt the appur#eNarrres thereunto bs3~ngiag,
<br />dnta tks nsr~gagee, s; a:*d to his, ~,ar or their ka and ~s forecr, prod a:s, t~ :ke3+ psi
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<br />upon the erprsss carids:e:rn that if the soot mortgagar(sj, fur hsr or tketr kesrs, s~eeutors, ~+
<br />shall pay or cause to be pord to the sold mortgagee(s), his, her or tkair heirs, executors, administrators or assigns, tits
<br />principal spm of $ 50,000 payable as fotiooat, to wit: January 15, 1985
<br />twitk interest accxding #a the tenor and affect of the snarlgagors urittsn promissory rota beaing staosr data [~tlr tlrrte
<br />praaents sad shaft pay at! taxes and assessments ltvisd upon said neat estate, and ell other tares, ie¢+iss and atsessments
<br />levied upon this mortgage ar the Hats which thir mortgaga is given to secure, bafors the soma bewares delinquent, acrd ;
<br />~ keep the brrtdiags on said prenasss insured jar the sum of j ---- toss, if any, payable to tks midi `-
<br />rnortgagse, then tkssa presents to Ss , atksr~re to bi and rrnraets in full forte.
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<br />/~' lS FtIR?'fl~~ AGREEIJ (tJ That ~ the raid nsortgagor shad fait to pay suck 3ases sr pracxara suck ~
<br />suraMCe. tks .tad ~tort~gss + pay sack uses sad protrrre sick ins~rrancs; and the elan so advancrd, mill; ieftsrsst
<br />s at -"-- per Cen3, .ems bs repaid by said mortgagor, and this mortgage shalt stand as secur=ity for the samre.
<br />i (P} That.a,fat~urs to pay any of mid money. sicker principal or intsnst, mksn the rams becomes dsrr, ar a ~rr'- tai
<br />'- comply ' .'~ ~ a4"raarnents, .shall times tl-a whale-snne of moxsy- k~et»-setee€+rd lambs€st~ ehre t :'
<br />colTettible a! ones at tks optioi of tlr. srartgeytes. _,
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<br />Sigpsd this . l 1 th day of Septe~ber r9 9 i
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<br />In prestncs of .~..C1Y~Rtr!~rlF~,.''':- ...............~...........
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