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<br /> REAL ESTATE MORTGAGE roam rte 208 (o-is)
<br />'h ' OA 40000176-
<br /> ;ato December 90, 3975
<br /> Ruben E. Meier (also known as Ruben Meier) and Joyce A. Meier, husband and wife
<br /> 1i i Mor paper!..
<br /> ' ar Hallcounty, Nebraska , In consideration of •
<br /> ,'' the advance of the principal sum recited.In the note hereinafter described,rerelptof which Is acknowledged, hereby
<br />-,% ,i ! mortgage and convey to
<br /> I. THE FEDERAL LAND BANK OF OMAHA, a Corporation,
<br /> )9 of Omaha, Douglas County, Nebraska, whose address
<br /> is Farm Credit Building, Omaha, Nebraska 68100,
<br /> it
<br /> Mortgagee (subject to oil, gas, and mineral.rights owped by parties other than. Mortgagors; existing easements of
<br /> rN reread; reservations In United stales and State patents;and the rights of the public inall highways), the following- ,:
<br /> rdescribed real estate in Heel1 county, Nebraska ,
<br /> SEC. TWP. P.O.
<br /> Lr SOK 13 12N 9 W 6th P.M. ,
<br />�at
<br /> ' SE3.4 - 2 12N 10 W 6th P.M.
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<br /> containing 320 acres, more or less. togetherwith all ofthe richt, title. and interest
<br /> ` l snow owned or hereafter acqulred)of the Mortgagors in said property, including all buildings Cud improvements placed
<br /> thereon; all -•iter, irrigation, and drainage rights; the tenements. hereditaments, and appurtenances thereto and the
<br /> rents, Issues, crops, and profits arising from said lands; and (if the Mortgagors' rights In thepublic domain are
<br /> required by Mortgagee for security purposes) all leases, permits, licenses, or privileges, appurtenant or nonappur-
<br /> tenant to said mortgaged premises, now or hereafter Issued, extended, or renewed to the Mortgagors bytheUnited
<br /> States or the state In which the above-described property is located or any department, bureau, or agency thereof.
<br /> This mortgage Is given to secure a promissory note of even date herewith, executed by Mortgagors to Mortgagee, In
<br /> the principal sum ofT R1 Hittdi)RF.n SEIVFe TY THOUSAND TWO HUNDRED AND NO/100 DOLLARS,
<br />� ! payable in installments with Interest according to the terms of said note, the last installment being due and pay-
<br />£ `! able on the first day of March. 2005 This conveyance shall be void upon the payment of said
<br /> promissory note.
<br /> This mortgage Is subject to the provisions of THE FARM CREDIT ACT and all acts ameniatory thereof or supplemental
<br /> thereto.. The proceeds of the loan secured hereby will be used for the purposes _pecifled in the Mortgagors, appl1-
<br /> 4 cation for said loan and authorleed by said Ace.
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<br /> The Mortgagors. and each of them, hereby warrant that they are fee vsners of the mortgaged real property: that they
<br /> t will defend the title against all claimants whomsoever, and that said property is free from all encumbrances; that tf
<br /> they will keep all the Improvements, fixtures, and appurtenances oecuplet and In good repair and permit no acts of
<br /> j waste; and they will relinquish all rights of homestead In raid premises, and covenant and agreeMortgagee.with the Mort a ee, ':; __
<br /> as follows:
<br /> (1) That they will pay when due all taxes, liens. .judgments, or assessments which may be lawfully assessed against
<br /> the property herein mortgaged.
<br /> 1 1 (2) Thatthey will insure and keep Insured buildings or other improvements now on or which may hereafter be placed
<br /> on said premises to the Satisfaction oI the Mortgagee, such insurance policy shall be endorsed with a mortgage clause
<br /> 'ath the loss thereunder to be payable to the Mortgagee. any sums received may be used to pay for reconstruction
<br /> of the destroyed improvements; or, if not so applied, may, at the option of the Mortgagee, be applied 1n payment of
<br /> any indebtedness, matured or unmatured, secured by this mortgage.
<br /> 3) To pay all rents, fees, or charges now due or to become due under the terms of each lease, permit, license, or
<br /> privilege on the public domain which is appurtenant or ncnappurtenant tc the mortgaged premises, which has been
<br /> Issued,extended,or renewed by the United States or the state In which the above-described property Is located: and
<br /> to perform and observe every act, covenant, condition, and stipulation necessary to keep each of the same In good
<br /> standing; and to take every necessary step to secure the reissue, renewal, or extension of each of the same; and to
<br />;, assign, waive, pledge, or endorse to the Mortgagee each lease, permit, i1-ense. or privilege It Mortgagors' rights
<br /> In public domain are required by Mortgagee for security purposes-
<br /> i d .
<br /> _ (a) Thai.: In the event the mortgagee is.a party to any litigation affecting the security or the lien of its mart- ;:w T"ys
<br /> ', gage, including any suit by the Mortgagee to foreclose this mortgage or any suit in which the Mortgagee may be named
<br /> f ( a party defendant. in which it is obligated to protect Its rights or lien, including condemnation and bankruptcy r s s z
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<br /> fe 1,....... proceedings, the Mortgagee may incur expenses and advance payment for abstract tees, attorney fees (except to the
<br /> extent prohibited by law), costs, expenses, and other charges.
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<br /> (5) That in the event the Mortgagors fall to pay when due any taxes, liens tudgments, or assessments, or fall to ,� ggg
<br /> maintain insurance as hereinbefore provided, tr fail to pay rents, fees, orstir arcs under the terms of any lease.
<br /> .F permit. license, or privilege: or Mortgagee is required td Incur expenses for abstrac*.. fees, attorney fees, costs, i
<br /> expenses,and other charges in connection with litigation, Mortgagee may make tech payment or provide such insurance, i
<br /> or Incur such obligation, and the amounts paid therefor snail become n part ef tile indebtedness secured hereby due
<br /> and payable immediately. and shall bear int .esf- a the date of p y enc rite ;,f ten percent per m.
<br /> Entered on nunlenca! n 1 x Sarin
<br /> corco d on_ .yam L y�y, pet:sent
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