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<br /> T7o !76, ilei._ _ _.�_ ___ ..—._ _�___�___._,_.___ _ __ t
<br /> r` ?' eate January 19, 1976
<br /> nr � ,
<br /> 4; Roger Michael .Sullivan (also known as Roger Sullivan) and Berniece E. Sullivan (also
<br /> z {' known as Berniece Sullivan), husband and wife
<br /> it�r(4 { o LgngU t
<br /> *" y' of Hall county, Nebraska in aanslde.stlon of
<br /> 10, s; the advance of the principal sum recited in the note hereinafter desrribed,receipt:of which Is acknowledged, hereby ,'
<br /> Ctrl r , . a mortgage'..and convey to
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<br /> xa } i%i THE FEDERAL LAND.BANK..OF OMAHA,.a Corporation,
<br /> „'4 it of Omaha, Douglas County, whose address
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<br /> ., is Farm Credit Building, Omaha, Nebraska 68100,
<br /> 4 Mortgagee subleot to oil,
<br /> r { gas, andmineralndStat 1pats owned by parties other than Mortgagors; existing easements of e
<br /> krecord; raservat±ons In United .,hates and state patents;.and the rights of the pubili. Ii all highways), the following -,;
<br /> described real estate in Hall Nebraska f.
<br /> + ii County,
<br /> ri { .? SEC, TWP: BO. S
<br /> 4 � �
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<br /> WASE' 25 ION 9 W 6th P.M.
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<br /> (; ontalnfng 80- acres, more or less. together with all of the right, title, and Interest
<br /> t (now owned or hereafter acquired).of the Mortgagors in said property, toeiud±ng ail buildings and improvements placed
<br /> thereon: all water, Irrigation. and drainage rights; the tenements. hereditaments and appurtenances thereto and the {
<br /> rents, Issues, crops, and profits arising from sald�lands; and (if the Mortgagors, rights In the public domain are f ;
<br />,iserequired by Mortgagee for security purposes) all leases, permits, licenses, cr privileges, appurtenant nenappur
<br /> ,. c tenant to said mortgaged premises, now or hereafter issued, extended, or renewed_to the Mortgago s by.the United 1 ,,
<br />- ,, tt States orthe state in which the above-described property is located or any department, bureau, or.agency thereof. !
<br /> j Thls' mortgage is given to secure a promissory note of even date herewith,'executed by Mortgagors to Mortgagee, in 1
<br /> Gr } the prirclpal.sum of FIFTY-SIX THOUSAND TWO HUNDRED AND NO/100 DOLLARS )
<br /> a
<br /> pyable in Installments with interest according to the terns of said note, the last inctailmen.t being due and pay
<br /> s
<br /> ,. able on the first day of June. 2004 Thic conveyance shall be void upon the payment.of. said i .
<br /> promissory note.
<br /> OF
<br />' This mortgage la subject to the provisions of THE FAR= CREDIT 4CT and all acts amendatory thereofor supplemental (
<br /> thereto. The proceeds of the loan secured hereby will be used for the purposes specified in the Mortgagors,.appll
<br /> cation for said loan and authorized by said Act.
<br /> {,. The mortgagors, and each of them, hereby warrant that they are fee comers of the mors 1
<br /> will defend thetltleRaged real property; that they
<br /> iagainst all and that said property Isfree from all encumbrances; that t. they will keep all the improvements, fixtures, and appurtenances occupied and In good repair and permit no acts of , ,
<br /> waste; and they will relinquish all rights of homestead In said premises, and covenant and agree with the Mortgagee, f
<br /> as follows:
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<br /> ) theypay waren due all taxes, liens, judgments, or assessments which may he lawfully assessed I
<br /> (1)- ropt h will -� against
<br />�' 1 the property herein mortgaged.
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<br /> s £ - (2) That they will Insure and keep insured buildings or other improvements now on or which may hereafter be placed 1
<br /> 4 r. on said premises to the satisfaction of the Mortgagee, suchinsurance policy shall be endorsed with a mortgage clause
<br /> e i with the loss thereunder to be payable to the Mortgagee. Any sums reserved may be used to pay for reconstruction
<br /> rr of the destroyed Improvements; or, If not so applied, nay, at the option of the.Mortgagee, be applied In payment of f '.
<br /> e any indebtedness, matured or unmatured, secured by this mortgage.
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<br /> (5) To pay all rents, fees, or charges now due or to become due under the terms of each lease, per-'it, license, or 1 r
<br /> c q` a privilege on the public domain which Is appurtenant or nonappurtenant to the mortgaged premises, which has.been 1
<br /> c issued,extended,.or renewed by the.United States or the state in which the above-described property In located: and !
<br /> , to perform and observe every act, covenant, condition, and stipulation necessary to keep each of the same. In good 1
<br /> ,. standing; and to taite every necessary step to secure the reissue, renewal, or extenslon of each of the same; and to (
<br /> assign, waive, pledge, or endorse to the Mortgagee each lease, permit, license, or privilege if Mortgagors,' rights 1 (: _
<br /> , ) in public domain arerequired.by Mortgagee for security purposes. ,
<br /> r (a) . That in the event-the.Mortgagee is,a I xZ` ..0. 4 ', -
<br /> party to any litigation affecting the security. rr the lien oe its mort-
<br /> t r ff) gage, Including any suit „
<br /> by the Mortgagee to foreclose * 's.mortgage or any suit in which the Mortgagee may be named ! +,
<br /> � ti 7 a-party defendant In which it is obligated to protect its rights or lien, Including condemnation and bankruptcy (
<br /> r proceedings, the Mortgagee may incur expenses and advance payment for abstract fees, attorney fees (except tc the
<br /> t , extent prohibited by law), costs, expenses, and other charges. _ w' et
<br /> & (5) mat in the event the Mortgagors Pall to pay when due any taxes• liens. Judgments, or assessments, or fall to
<br /> t r t maintain insurance as hereinbefore. provided, ar fail to pay rents. fees, or char es under theto
<br /> ,, a permit. lecense, or privilege; or Mortgagee is.required to incur expenses for abstract f,es ttorneyc_ees, lease.
<br /> °p, expenses,and other charges In connection with llitigation. Mortgagee may make such paymentcrero-fe_ ouch Insurance,
<br /> f or incur such obligation, and.the amounts paid therefor shall. become a part of the Indebtedness secured hereby due
<br /> r 1' and payable immediately, and shall bear Interest from the date of paymentteer
<br /> . at _ rate - ere scent per sa^,`J-.
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