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<br />~~~ ~ ~j l~J~t7 .7 t,~iLt`?._~._ -J3. .. "_ J. ~V~r _.
<br />;Za consideration of Saali Business dainiscratica (S'nl'} agarovin3 a loan is tl-.e
<br />amount of S 351,300.00 and to induce 53.1 to disburse said amount to gohert-T_„
<br />Sieriers and Rgri-" t ¢;P~narc h,~c?,a~rl _,.~ -fG ($orrawer)
<br />the purchasers naW2z3 in an agreeraenc daczdf Julv 8. 1980 covering real
<br />estate described therein as:
<br />Thal part o€.-the South Half of the Southwest quarter (S'~StY-~) of Section
<br />'~ Thirty (30)~ Township Twelve (12) tiorth, Range Ten (20), tSest of the
<br />,- bth P.M., lying south of the CB & q Railroad right-of-caay, except a
<br />;~ ~ tract of land 165 feet wide east 2nd nest by 264 feet long north and
<br />y scuth conveyed by the Lincoln Land Company to School District No. 54
<br />;;, o£ Hall County by deed dated December 30, 1988.
<br />4lierein ETVIi1Q R. Mvers and Freda PLg, s husband an3 caifz.
<br />is r`aeed as Se11er, said Borrower does hereby assi3a acd sac over to 53~ its successors
<br />acrd assigns, aI1'cheir right, title and. interest is end to said :_graenent.
<br />TO F.~3.t'E ?~iD ZO HOLD toe sac:e from cia date hereof during the races of the loan
<br />refzrred za above, as collateral security for said loa*.t~, 'su6~2cc;.tp. tiiz, folle:ring tsraes
<br />and cordir,ions:
<br />1. Barrot€er sha11 at all times hold $BA, its successors and assigns, :iac3less
<br />,from any such obligations and frost any and all liability which tray at any time arise
<br />£rom,said.3greement.
<br />2. Borrower agrees. that that' shall rot have the paver to and caill not modify or
<br />.terminate. the above described 6gre=went except by.payment is fu11, without-prior
<br />written consent of SBA.
<br />3. lu Cil? eV2P.= any Q2_::u_C O.^. _"._ 73_,. .7_ ___-...~__ G ..__ ~iO`= _., _..n Cr =^.y
<br />ezteasioa or renetrai tktereof, or any other cbligatior.~or agreaaettt r~adelin ceanection
<br />c;ith the aforesaid loan, SBA without notice, say enter into and take aosssssioa of said
<br />gretsises.
<br />4. SBA shall net, exce?t in the event that it takes possession of &orro3ar greaises „
<br />be-under any obligation at any time to perforn any of the obligations and duties of _
<br />Borrower and sha11 not be bound by any of the terns,. eonditiens, provisions and covenants
<br />ulticu tiny be winding upo^_ Borrcz5'er to^.der the above described P.grestten*_.
<br />5. Borrower agrees to extend said option ir. the Agreement contained frcr month
<br />to cor.th as required by tYte to-5 ~^d ce ..i*_ions ct s.;.~ -c__e:ic ~._d _.. .. ~ e:._..~ .....-
<br />ogtioa is exercised and Borrower purchases said prooezty,Ythey gill forthwith execute
<br />a first and prim mortgage oa said property to SBa.
<br />Dated QC-'~fJty ~ Z ,
<br />STATE OF isEBRASICt1 }
<br />SS ~'
<br />COU:^rY OF}
<br />rM1
<br />On this ~ ~ day of
<br />a :7otarv Public in and for
<br />to me kaawn to be the pe son.
<br />ansl acwledged that
<br />deed.
<br />(gFSr.} ~ ~1A5~~R!~inan~l~
<br />~M9wiw.,~ Jra tt, tMt
<br />14 3' cv
<br />Ruh rt L. Siemens
<br />~ ,'(,~ y
<br />Betty J.~i~tfers
<br />~b~ ~ , 19 ~Q , before me, the undersigned,
<br />County and StatlIe personally appeared
<br />described fn and who exe ute3 the foregoing instru^ient
<br />executed the sane as e7 y voluntary act and
<br />/.
<br />:ly cocanission expirbs~;,gi.22 JyBy
<br />/!/~ ,4
<br />~~,lQT .RY" PUBLIC
<br />~/
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