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REAL ESTATE MORTGAGE
<br />8T--ut,5f97
<br />KNOW ALL MEN BY THESE PRESENTS:
<br />THAT JDF ENTERPRZSES, A Partnershi
<br />(whether one or more, herein called l~artgagor) of gAr.r.
<br />County and State of NEBRASKA in consideration of
<br />the sum of EIGHT HUNDRED THOUSAND AND NO/100-___________~OyyAgS
<br />in hand paid, do hereby SELL and CONVEY unto THE OVERLAND NATIONAL
<br />BANK OF GRAND ISLAND, Grand Island, NE.(herein called Mortgagee)
<br />of ~ AH r.7. County, and State of NEBRASKA
<br />the following described premises situated in HALL
<br />County, and State of NEBRASKA to-wit:
<br />Lot Two (2) Iabelindo Subdivision, in the City of Graff Island, Hall Co~mty,
<br />Nebraska, and
<br />The Southerly One f3w~clred Thirty Feet l130') of Black Eight '(8) Pleasant
<br />HCmes Subdivision of Part of the East Half o£ the Southeast Quarter (F~tSF3r,)
<br />of Section Taenty-One (21) Township Eleven (11) North, Range tJine (9) West
<br />of file `viii P.c~'-c., i',all C~.:.ty, Nebrasti?, e_Yi`-ept a t~aGt 4f land mare partlCU-
<br />L3rly described in Warranty Deed recorded in Book 165, Page 147, in the
<br />Office of the Register of Deeds, Hall County, Nebraska
<br />The intention being to convey hereby an absolute title in fee
<br />simple including all the rights of homestead and marital rights,
<br />if any.
<br />TO HAVE AND TO HOLD the premises described, with all the
<br />appurtenances thereunto belonging unto the said mortgagee or
<br />mortgagees and io its successors and assigns, forever, provided
<br />always, and these presents are upon the express condition that
<br />if said mortgagor or mortgagors, its, his, her or their heirs,
<br />personal representatives, successors or assigns shall pay or
<br />cause to be paid to the said mortgayee or mortgagees and to its
<br />successors or assigns the sum of Four Hundred Ei~htY Thousand and No/100
<br />Dollars presently advanced and the amount of future advances to
<br />the Mortgagor which together with the amount presently advanced
<br />shall not exceed t e total sum of Eight Hur~reci aryl arm Noi100 Dolla*-s
<br />at u ....~ time unpaid and outstanding, due and payable,
<br />with interest, according to the terms of the mortyagor's promis-
<br />sory note is) referring to this mortgage and evidencing such
<br />advances, it being the intention and agreement of the parties that
<br />the mortgagor will from time to time repay advances secured by
<br />this mortgage according to the terms of promissory note(s)
<br />evidencing the same and the mortgagee from time to time may, at
<br />its option, make future additional advances and readvances and
<br />renew or extend note is) evidencing outstanding indebtedness which
<br />shall be secured hereby; provided only that the total principal
<br />amount of unpaid indebtedness secured by this mortyage shall not
<br />at any one time exceed the maximum amount above stated plus any
<br />advances to protect the security. The mortgagor shall pay all
<br />taxes and any interest and maturing installments of principal
<br />due on any prior mortgage and assessments levied upon said real
<br />estate and all other taxes, levies and assessments levied upon
<br />th#.s mortgage c?r the debt which this mr~rtgage is given to secure,
<br />E~fore the saese becasses delinquent and keep any buildings on
<br />said gremises insured for the sum of $ 500,000.00 loss, if
<br />any, payable to such first mortgagees or this mortgage , or bath,
<br />then these presents shall be void, otherwise to be and remain in
<br />Lull fore'.
<br />IT YS FURTHER AGREED il) That if said mortgagor shall fail
<br />to pay such taxes and such interest on, or maturing installments
<br />of principal, due on any prior mortgage and procure such insurance,
<br />
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