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80s~ PROMISSORY NOTE $3,x+50. O0 Cairo, Nebraska F`or value received, the undersigned, HAROLD E. WOODEN And RITA C. WOODEN, individually, ,jointly and severally, promise to pay to the order of JOE F. GRABOWSLI and AGNES GR4BOWSKI, husband snd ~°ife, as point tenants with right of survivorship, at Cairo, Nebraska, the sum of Three Thousand Four Hundred Fifty and N@/100 Dollars {w3,~5O.Q0} in installments as follows: In thirty-six monthly insta_].ments of One Hundred Seven sad Na/100 Dollars {107.00} each, beginaing on the lst day of January, 3980, and on the first Say of each succeeding mont~ thereafter, payments to include interest on the unpaid balance hereof from the date hereof at the rate of ~ Der cent (7~c%} per annum. SPECK, ?ROVISION: Upon the death of the survivor of the payees, this nets shall automatica37y accelerate and the entire unpaid principal and interest then ruining shall be paid to the estate of that payee within sixty days after the death of the last of the payees to die. If ata_v one or more of the following events sho,13 happen: There shoul3 be a default is the gevyment of interest or an installment aY principal due hereunder, or any maker hereof should make an assignment for the benefit of creditors, ar attachment ar garnishment proceedings should be commenced, or a receiver be appointed over any property of ary maker hereof, ar proceedings be instituted by or against any maker hereof under the Banl~~-uptcy Act, as amended., ~ legal holder hereof shall have the option, without notice or demand, to declare this note immediately dui and payable. After the maturity of this note, whether by acceleration ar otherwise, it shall bear interest st the rata of eleven per cent {ll~) per annum. ~Y legal holder hereof may, without notice and witho~~t releasing the liability of any maker hereof; grant extensions ar renewals hereof from title to time sad for say term or testes, acc,uire additional sec,u~ity, or release aag securitg is whole or in part. Any legal holder hereof shat not be Liable for ar prejudiced by failure to collect or far lack aF diligence in bringing suit oa this note or acv renewal or extension hereof, The make.-s hereof shall hsve the right to make advance payments of all rar atyy po_*~tion of the unpaid principal balance at any time, Provided that ell interest payments are current and such prepayments of principal axe in even inerts of ~lt}0. (l0. ,~ parties hereto naive protest. Tice pe~yment o? this note is secuz^ed by s real estate mortgage upon Lot ~.:~~ fit;, h.k Fsx:r {i;7 is the 3 ~rst Sddit3oa to Cal:;;, Es~,3 Clunty, Nebraska, exteute8 at e~ date herewith. J'f" ,r4~~ ~ ~fi° ~Woaden ~ ~. Rita C. Wooden