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<br /> '„ { P,EAL EST�TE NQRTG��E s.,r, r�¢ �„o (stv. � „)
<br /> �. ; 77 pp0�39 +
<br /> � � � t;ice Februarv 15. 197i ; :
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<br /> }, f Richard J. Papne and Irene G. Papne, husband and wife � .
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<br /> { � . nortgagors, �
<br /> f i � �� i .
<br /> 3 �%I I af��� �11.. �- . . . . � � Countp,�..� NebTaslta� �. . ln cer.slderstien of ! '.
<br /> �� the,advance'ot t?�e principal cu��rzcited� n trie neLe�eralnAftar described,recelptof:u�hlch Ss acknoRle�eQ,.hereby � -�
<br /> 3 �f � r�ortgage enQ�convey co. � � . .. . �� . . :
<br /> � �� . � _ . . . . . . .
<br /> � � TNE FEDERAL LAND BANK OF OMAHA, a Corporation, �
<br /> ;� of Omaha, Douglas County, Nebreska, whose address f
<br /> ! i is farm Credit Building, Omaha, Nebraska 68100, �
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<br /> R ,:`, f Mortgagee {su��ect to.oil, gas�,�and rainera? r±�tits�otimed�by Ggrcies�other �hr.n t".ortgxgorr.�exlsting easemencs of � � .
<br /> ,i � reccrd: reservatlons-Sn ttnited States�s.^,d Statepst�cnts;�and�the rlEhts of tl�e publlc�.in�all hlp,hxaysJ,.the Io!lo�lnq- ? '. �
<br /> ' Hall Nebraska I
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<br /> �;; � descrlbed real ?str,[e Sn Cccnty, ;. � .
<br /> � � 1 SEC. TWP. R0. �
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<br /> �� � F}q 5��; and SE� -— - - - - - - - - - - - - - - - - - - - - 16 12N 10 W 6th P.Pi. �
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<br /> � i CD:1L91t11Rg 240 �cres, �nre �* less, t�e,R=�^er a��1Lh s!1 of the rlyht,�tltle, :md Sate: st I ��� � � � �
<br /> ;� ' (uaw owr.edarhereafter acGuSreA)af che N.ortu ro in sald prepert.y, ircluding�,1 bu!!^Sn�, 1*�,rovements,f!xtnres; � .� . �- - .
<br /> ��� � cr ay;ur!eaances t�hereon or hereait�r p1�re� *�e en; sll Hater, ±rr!e�tion, °nC tlrslnage rlghts; the tene:^ents, �
<br /> �� !i ( herealt�.T?nts, �,d appurteaarces th^:eco �:d t.i� .�.ats, ;ssues, cre;:s, and prnflcs srising fram sald l��ds;.and (Si { ��. . � - � .. 1
<br /> s '.�, I the Hor[Fagors� rle.hcs 1n che puGllc Ceraln are reqnlred Cy Nort;.:Fee fo:s^cur±ty pu:poses) nll leases, per.^Sts, ; ' � � � �
<br /> � i;. j 1lcenses,errr1v11eges, �ppurtea^_�c cr ncnlppurtenar.t �o ss1G norc�geA Sre;�!sr.s.,^.a�ear heresfter SssueC, ex[=nded, � � � � �
<br /> ' : � ei re.^.ene^ to tCe Yart�agers �y the Unitetl �tates or the �tice ir. �r�h!ch che h:OCVf-Q�scrlCetl ^,^cpe�ty Is locatetl or �
<br /> , f 2v� dep�s[.^�er.c, bureau, o^egenc;; thcreof. G :. .� �
<br /> i� : � ;h1s nart:see ±s �;S�:en Lo secu:z a ,^rcalsaer,y n.a[e ot eve❑ Oste heceh?Lh, execuCeC Cy Mo.^.gagcrs Ce rert�:�ee, ir i �. � .
<br /> j :he F'lrcip°1 sW� of 0 AiTNDP� T'HNTY-SF.VEN TFiOiiSAND AND N�/100 - - - - - - - - - - ^�pL.aRS, �
<br /> � �,:; j pa��a�le xtth Sr.terest 3ccerdinc co che terc� �f sa:C r.ote, the SSnui p:�r..�ent �e1nS 1ue and payzple on cha t+rst Cay i . . � � �.
<br /> � ' i Januarg 2006 T+; «a �
<br /> of , . „i_ cc:rvey:rce �i..11 b� eold uGa� t!�e p:yT�ent ot sai�pru�lssor; nece. 1 � � -
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<br /> z �,' j This �ortga�e is suLJect to t`�e ;re�7s!ons ot iiE FAnM C.ti:? ACT end ell acts r�e.*.Catcry thereof or supple:�zatal � .� � � � �
<br /> � ' therete. ;ne preceeds of the loan seeured here5y�v.11 be usad Sar che purposes speclfle� Sn th^ Mortg�gors� ¢pp11- Z :
<br /> ' i��( cation for seltl loen wd ^_uthorS�ed by sald;,ct. �. � � � .
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<br /> �, � ihe Hcrtgagors, a.�d each ef [he^�, here5y xar.�y�c that they a:e Iee e�,s:�ers e1 the mortg�ed real ProFertp:.tIIst they � �, � �
<br /> r111 defend tY,e *itle aaslnst all c:e:r,:.nts a.*,o,:seeczr, snd [hs[ sala preperty ;s :ree frem r.:l enca�a5:^r.ces; that � � � � � .
<br /> � ��,:, � Lhey�xlll iceep all th? impro��erents, �'xtu:es, and apPurtenences o.cupied and Sn good re,a:r azd:er,r,lt no accs ot � � .
<br /> � �.; i r:�ce; s.�d they n11� .ellnqul9: all :SFJits of hcmestrsed in s=1d premises,and coeenant arfl �.ee with Che Mcrc�agce, �� � � �
<br /> ,..; ';! � as f�11Gk'5:�� I �
<br /> ':' i �i� That they c+111 aqy w1:ea due all ta�;es, li<_ns, 1�dc�ents, or assessnen[s nhSch may be lawtuily essessed agelnst ; . � � � .
<br /> I, � the �rcpercy hereln rort�aged. � �� , � � .
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<br /> ;'; � ��) Tt�st they�Mill fnsure ead keep Sr.sured Ou11d.r�s or other ie,prevenents no�c on or rchlch r¢y h=reafter be pleced � � � . � ��
<br /> s�, j or. ssSd.,*.rem!ses ta the s�tlsiaction of the Y�r[qa5ee,such Snsurnnce pollcy sA311 6e er.dorsed��1th s mo:CFa�e clnuse i � � �
<br /> ' wlth the loss Lhe:eunder to oe payab!e to tCe Y,ertgegae. nru� sa^�s recel��e4 r.,ay pe used to �ay Ior recor.str�ctica J . � " �
<br /> ; I:.j c. [he destroped !^p^overents; ^_r, !f net se°rCl:ed, r.��, at tte oDticr. c! tY:e N,crtgagee, be epp.led Sa Fay^er.t at � � � .
<br /> y. � � ary.Sr.debCedness, �aetured ar un�a[ure�, secy ed by t.hSs rt;ort�ece. � . . �
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<br /> ` (3) ^'a pay.s21 rents, iees, or chsrr-,es nor due cr to Deco�e Cu?under Lhe Cerns of each leese, ae�lt, license, or � ;
<br /> �t� prlvilege.�on Lhe puDlic dacsln�shich Ss appurtar.�nt er n.nuppurtenant io xhe mort6"Aed prer�lses, rvhlch has been ! � �
<br /> I lssued,extended,or r=nenea by�the Un1[sd States or the state Si n;71ch the ebove-descrSbed p:oCerty is locs[ed: a�d
<br /> �! ; ta perfaro and �bserve every act, covz�ant, cor.dlticn, and stiyulatian necessary to keep eech of the sene 1r, goed ; �. � � � .
<br /> ,, � st;nding;.and to.take e.ery necesssrv step to se:ure Lh=reissue, ren=_nal, o; excension of each ot t�e se�e; e��d to � � � .
<br /> .�� � asslgn, �snlva,-piedge,.ar endarse to the Nort��;ee e2ch 1^_ase, pe[+.nit, llcense, or prSvllege Sf nortgagcrs��rSghCs � ` � �
<br /> � in publlc:CemaSn are requlred by �ortgagee for securlty purposes.
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<br /> �� � . (4) That.ln the event�Che.N,ort�a6ee�is.a party tu a�y 11t1gatlon s2fectSng the securfty er the llea of Sts mort- f � . t, ��';��`�.
<br /> ..;: � gage,�Sacluding.aryy su1L Oy.the tlort6Q8ee to Screclose this nortc2ge or anv su!t.in whlch ;he Y,or[g�;ee F�¢y�be na�etl i � ��'N
<br /> � e party�defendanL in nhlch 1t Ss obllFsted to protect its rlghts er llen, 1ncludSn"n cande:.naticn and bankruptcy � . > `
<br /> � � ;�� # proceedings, Lhe Hortgegee msy 7ncur expenses anQ �dvance pa�•ment tcr sbst^act tees, attorney :ees �eacepc to che i � � � C
<br /> ;i i extenL prahlGited.by larv�, costs, ez➢enses, flnd other chnrges. � :��
<br /> `- i (5) i7:et in the event.the NorLEe3ora fall to pay�chen�due eny ta:es,�liens, ;ud�,-:enu, ar assess^;ents, cr :all to i � .�
<br /> naSnteln.�psurance as herein6e:ore provlded, or fall 'o pay ;ents, fees, or charges under the teras �f a.�• lease,
<br /> � � pe.^rt:,t;�llcease, or prlvlleg?; ez Her[g:gee 1s reGuired [o .ncu: exp>_nses fer aSatract fees, acterney fees, cests, . �
<br /> ,: + e�ryenses,sndother charges 1n connectloa x�ith 11t163tien. 4ortgsgee.nay Rrike sach pa};nent c:p.o��1dA ;uch Snsur:,.�ce, f �
<br /> i i or incvr.such�obligctlon, and�the �momts.paid Lherefor sha11 beceme a pa^t af th^ l�deb[edness secureG he^eby dae � -�
<br /> .rj j end-pKyaDle i�aed]ate�y, aaQ shall benr Snterest fra-� Che.Cste of p¢ynent at Lhe sc�e rste as provlded Ior de'y:lt .
<br /> � { Sn�the nota.�
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