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<br /> t1'-."7 0 00. 4 REAL.ESTATE MORTGAGE IOW FLB 208 (6-72)
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<br /> Date January 27, 1976 F • - .,
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<br /> '..06lnibia,:....WBg44- -.4 . . -'4. 4 el* 4 -*AUH0LILL8.8....Marieng_lalig
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<br /> ', Mortgagors,.
<br /> ,,A..t.: , .,„.1. Hall County, Nebraska
<br /> VI , in consideration of i ,,. ',
<br /> the"ndvenee Of the principal sum recited in the note hereinafter described,recelptof which Is acknowledged, hereby 1, "
<br /> mortgage and convey to
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<br /> THE FEDERAL LAND BANK OF OMAHA, a Corporation, . ...,
<br /> of Omaha Douglas County, Nebraska, whose address
<br /> 'bgll : is Farm Credit Building, Omaha, Nebraska 68100,
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<br /> 8 . MortgageelsubJect to ell, gas, and mineral rights owned by parties other than Mortgagors; 'existing easements of
<br /> WI' recorreservations In United States andStatepatents;andthe rights of the public In all highways),the following-
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<br /> described real estate In Buffalo County, Nebraska
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<br /> ,,r,,ii• .1 SEC. T .WPRG. 1
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<br /> Eh.SW1/4;.and Wh SEk
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<br /> Eh SE-s; and Eh W1 SE.,4 29
<br /> All in 11N 13 W of 6th P.M
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<br /> and the following described real estate in Hall County,
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<br /> •,-.,'? Nebraska:.
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<br /> ,,.. I 141- .. NI.NWk
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<br /> W if . All in 11N 12 W of 6th P.M. 1
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<br /> containing 600
<br /> acres. more or less, together with all of the right, title, and interest
<br /> II
<br /> (now owned orhereafter acquired)of the Mortgagors In said property. Including all buildings and Improvements placed
<br /> thereon; all water, Irrigation, and drainage rights;the tenements, heredltaments, and appurtenances thereto and the 0 '
<br /> ((:„:•0 rents, issues, crops, and profits arising from said lands; and (if the Mortgagors( rights in the public domain are U -.
<br /> .-.((::','•0 required by Mortgagee.for security purposes) all leases, permits, licenses, or privileges, appurtenant or nonappur- 11 -
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<br /> . , tenant to said mortgaged premises, now or hereafter issued, extended, or renewed to the mortgagors by the United 4 .
<br /> States or the state in which the above-described property is located or any department, bureau, or agency thereof. 0 .
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<br /> Tills mortgage Is given to secure- re promiesory note of even date herewith, executed by Mortgagors to mortgagee, in rl
<br /> the principal rum of ONE HUNDRED SEVENTY SIX THOUSAND AND N0/100 DOLLARS,
<br /> payable In Installments with interest according to the terms of said note, the last installment being due and pay-
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<br /> .:(If.•I;! able on the first day of January. 2005 This conveyance shall be void upon the payment of said -- .
<br /> TkI, promissory note.
<br /> This mortgage is subject to the provisions of THE FARM CREDIT ACT and all acts amendatory thereof or supplemental
<br /> ( thereto. The proceeds of the loan secured hereby will be used for the purposes specified in the Mortgagors( appli-
<br /> cation for said loan and authorized by said Act.
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<br /> ei-0• , The Mortgagors, and each of them, hereby warrant that they are fee owners of the mortgaged real property: that they I . • ':
<br /> i will defend the title against all claimants whomsoever, and that said property Is free from all encumbrances: that
<br /> 1 they will keep all the improvements, fixtures, and appurtenances occupied and In good repair and permit no acts of ,I, - -
<br /> waste; and they will relinquish all rights of homestead in said premises,and covenant and agree with the Mortgagee, II ,
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<br /> -f('-','H as follows:
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<br /> (I) That they will pay 'when due all taxes, liens, judgments, or assessments .which may be lawfully assessed against fi • - .-,
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<br /> ,. ..:?! the property herein mortgaged.
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<br /> AA (2) That they will insure and keep Insured buildings or other improvements now on or which may hereafter be placed Ii
<br /> ::, on said premises to the satisfaction of the Mortgagee,such Insurance policy shall be endorsed with a mortgage clause
<br /> with the loss thereunder to be payable to the Mortgagee. Any sums received may be used to pay for reconstruction H - '-,-
<br /> g:-1 of the destroyed Improvements; or, If not so applied, may, at the option of the mortgagee, be applied In payment,of
<br /> TW (e any Indebtedness, matured or unmatured, secured by tills mortgage. fi -
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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, permit, license, or
<br /> NI Privilege on the public domain which is appurtenant or=appurtenant to the mortgaged premises, which has been q ,
<br /> ,:5,•,::.,,i , issued,extended,or renewed by the United States or the state in which the above-described property is located; and
<br /> g•,(.1 to perform and observe every act, covenant, condition, and stipulation necessary to keep each of the sane In good
<br /> standing; and to take every necessary step to secure the reissue, renewal, or extension or each of the same; and to q .
<br />,:..q,-I • . assign, waive, pledge, or endorse to the Mortgagee each lease, permit, license, or privilege if Mortgagors) rights ;( .
<br /> PI In public domain are required by Mortgagee for security purposes.
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<br /> (A) That In the event the Mortgagee 10.0 party to any litigation affecting the security or the lien of Its mart-
<br /> gage, Including any suit by the Mortgagee to foreclose this mortgage or any suit in which the Mortgagee may be named
<br /> gI.,.). a party defendant In which It In obligated to protect its rights or lien, Including condemnation and bankruptcy fi ':- •
<br /> ilw.f.1 proceedings,.the Mortgagee may incur expenses and advance payment for abstract fees, attorney foes (except to the It ,
<br /> A 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, judgments, or assessments, or fall to II ' , •
<br /> maintain Insurance as hereinbefore provided, or,fail to pay rents, fees, or charges under the terms of any lease,
<br /> permit,license. or privilege; or Mortgagee is required to Incur expenses for abstract fees, attorney fees, costs, ) •• - .
<br /> expenses,and other charges In connection with litigation, Mortgagee may make such payment orpravide such Insurance,
<br /> -•-,);i or.Incur such obligation. and the amounts paid therefor shall became a part of the indebtedness secured hereby due
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<br /> ,, and payable immediately, and shall bear Interest from the date of payment at the rate or ten percent per annum.
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