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11'IORTGAGE V~~rl/ ~~t-;; y~+
<br />{ Nebraska) V ViyE,i~t~rr{?
<br />THIS INDENTURE, ntatle t}zis 11}th dap of December t9 79
<br />I 1
<br />~'•
<br />between Ttnaer Grain Co., Inc., a Corporation and Ttuzrer Grain Company, I.td., a
<br />t.;r~;ted FartaershiP -------------------°°--------------°---------------------
<br />of the Count}' of Hall and titate of \ehruka, lslrtc ++i the tint part, and
<br />the 1IETROPOLITA\ LIFE I\~LR:>\CE Ct}4IPA\1', a corlxtrttion of the ~tatc of \et~• Fork, tt•ith its
<br />ptineipat of}'im located at I \Sadison Avenue, \et~ Fork. \. Y., peen of the second part,
<br />WYTNESSETH: That the aid party of dze firsrlaart, in cousidrr:uinn of the cunt ut-------------
<br />----------OH& MILLION FC}IIR HIIIIDRSD FIFPY T>~IISAND----------------.Dollars
<br />t~1,ll$O,000.00. in hard paid, the receipt ~chrrroi is herrhr ael:notclyd~rd, fines heretic grant, bargain,
<br />sei}, com-ey, anct cont3rnt to the aid pam~ of the second 1><1rt and it; asgns, the ollotring-drscriixd real estate.
<br />in the Cennty/a~$yg~an, Hall and P811ey and ~tatr ni :~ehnska, to tz•it:
<br />Real Estate as described on 15zhibit A attached hereto.
<br />The Hate secured by this Mortgage is fhrther secured by a Financing Statement and
<br />SaanritZr.Agxeemeat o£ even date herewith, covering personal property as described
<br />iII Said l~inaacing Statement and SBGi]rl.ty Agreement.
<br />it is agreed that all irrigation pampa, electric motors, engines, pipes,
<br />spr3nklera and all other irrigation egnipaent and grain storage and grain handling
<br />tatilitit~ located on the described property cc~sected thered.th now or hereafter
<br />platsad ar installed on said premieea together with all Hater and xatering rights
<br />of every kind sad tiesrr.:ption shall be construed as af£ized to and a Hart a£ the
<br />real estate hereinabove described and snb3ect to all o£ the provisions o£ this
<br />Bortgage_
<br />Ye also atgrse that in the evae!t the mortgaged premises, ar any portion therec£,
<br />or etgq interest therein, are Bald or aomeyed ar become sub3ect to as agxement
<br />to sail ar otmrsy prior to the ties this loan shall have been paid in fall, thrat
<br />the aatira indabtedinaea shall becot~ inaadiataly due sad payable at the optiaat of the
<br />>*ortgsgss. • gals, aasigsmsat or transfer in arty manner vbatsoevtar of 149b or
<br />apse tsf tl» capital atoet of the mortgagor corporation shall be eQnivalent to a sale
<br />or aoam~ya}nae o£ the security ar am interest therein, and in that event teortgagee
<br />tlisal.l have the option to accelerate the debt, declare the entire loan balance
<br />dus, and enfaxre oollectioa a£ same, including £areclaeure of the t~rtga$e lion.
<br />35R altall, prior to loos disbursase~i#, fhmiah tv3.danom eatiafsntaxy to
<br />~~ Lit'e Io+lt Gos~tat~ the isaafct~ on tame and com3it3ons satisfaoi~ors
<br />#o IIr~apaiiisn I.iYe 10~~~ b:Y flat appropriate Federal, State, County,
<br />~d~mal ax Lord snt~ritiee, oS all ]ioeases, apptsovala or pe~ita asoasan? is
<br />aameectim vi'ih tlft apastst3~ of ihia seaority and leatlltl oo~neJ thsreoY for the parpeq
<br />t+GSr ebielt sash pro~eot ens as+sated {isolntating tbs issnaaos by ate Federal., $tste, Ctxmty,+
<br />2Y! HAVE AND TO IiOL3a the same. with the appurirtutncrs thereto larlongng or in an}•xisr ap}srr-
<br />tairuttg, indttdirtg an}- right ui huusrstead and rtrrs cnntistgenz rig}tt ur r-.fate t}trrriaz, unto the said 1><~ns oI the
<br />sartatd prat'!, and its ass?gxas 3cretrr; zhe intention heistg to .-,.unrt eat _thW}htte litlr in ier to the said pretni;r:.
<br />Aad'the aait3 va<..~. ref the nr,t part herrhr ct»•rsaatr*_-, t}rat. thrr arc #au"i;tll: xifcd of the sail premises and
<br />}',ace gtx-d right t;, xuzirs the -.anx; riser the 4aid ptrmi.,e. are leer :,n~I e,rar r,i all incmnhrancr and that
<br />titer >,s~i axrra-tt and dritn3 ti:e ;3tne againt t}x• iaaiiul c1aints ut all }+ersons uhontscre. rr.
<br />i>ROVI$1?,D, H37WEVER, That iI rite mid ;urrt}• of the first pan she}t yes, or c;rt:se to be paid. to the
<br />a~'sti }rarty of the socuttii psatt, or iu a,sign>, rise sw» oi ----------------..--_^__________~°_^_-__
<br />I~iII.LIf~ PC3YiR SAD FIFTI T>~ilSAliD----_-----,-..-..Dollar.,
<br />in igsTa3sitrnts, fist fnsal isitrtaimetat due...~tl~ ..k~ .~_. ... -.
<br />teiiit%ttsems thermos, in iaK'(tti rtwnry of the L'ttited `irate.. with r~rhzuagr on the l it}' of tiro fork, tthich
<br />staalA lte Itgal Ee~tirr for ~ }7a}'nteiti at ail delfts uni dnca, public and prirate, at the time ~i pa: nzent. acconling
<br />!o list tabor t<trd td!ecx ~ tI~ I'rom;~stsrs Nate execttteti by t}se said }after}' of the iir,t paart, treeing r.cn date
<br />b~, scai ,!ball ~ ail siq~ttiar tits etrvenanrs hrretn eontaitm~ ;then she ratatr tterrb} hrantrd ,izali
<br />trams sad t}~ 9lor3gage shall i~ne null atxi vttid< and he rrleascd at the e;;i,rn,r of the :aid }:ttrt+ of the
<br />first part-
<br />mgrii eCC I+oeal afiiee allen~e ~si.sdio#ion involves emii.ranssntal. protsotioa aT aq
<br />std lteaosse, eowitais a2' p~#'fia}, slid confines to meisitain ooaplianae with all lsxs
<br />sad- sttHe3~-tigo~.
<br />'$
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