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)'• 76- 0(10582
<br /> r, PRUDENTIAL LOAN No.,,7.,.�1� „Z,Q.7
<br /> THIS INDENTURE,'WITNSSSETII,that
<br /> D. Dean Rainforth and Judith L, Rainforth, husband and wife,
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<br /> of Hall Counts,Nebraska,herein called MORTGAGOR, in eousiderattot of x215,000.00 In hand
<br /> paid,dons hereby grant,bargain,eon and eouvey to TIIP,YRUGENTIAi,INSURANCE COMPANY OF AMERICA,a corporation •
<br /> n of the State of Now,Jersey,having Its principal utlieo in the City of Newark,New Jersey,herein called MORTGAGEE,its successors
<br /> and assigns forovor the following deaeribud real estate situated in tug.'
<br /> Ball Comity,Nebraska,to-w(tt
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<br /> The West'Half (WAS) of,Section Twenty-nine (29) in Township Nine (9) North, Range
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<br /> Eleven 111) Westof the Sixth Principal Meridian,
<br /> The Southeast luarter (SES) of Section.Twenty-nine (29), Township Nine (9), North,
<br /> Range Eleven (11), West of the 6th P.M., Hall County, Nebraska, excepting therefrom
<br /> a tract of ground conveyed to C, Wendell Foote and Marjorie A. Foote, recorded in '
<br /> { Book 146, page. 337 of the Deed 'Records of Hall County, Nebraska; and excepting
<br /> 'therefrom a tracttof ground conveyed to Lloyd Finnigsmier°and Geraldine Finnigsmier,
<br /> which is recorded in Book 167,_page 547 of the Deed Records of Hall County, Nebraska,
<br /> and also excepting therefrom a tract of ground conveyed to Lloyd Finnigsmier and
<br /> Geraldine Finnigsmier, which is recorded in Book 172, page 319 of the Deed Records
<br /> of Hall County,Nebraska„
<br /> °$ Including all irrigation and water rights, irrigation wells, pumps, irrigation
<br /> equipment and accessories thereto.
<br /> Subject to easements of record and to existing roads and highways.
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<br /> togotlterwith all the eppertenaneee thereunto belonging or In any wise pertaining thereto.Mortgagor relinquishne all right,of home. •
<br /> ;• stead and all other contingent interest in said premises.The conveyance of the premises above described together with,all the tents,
<br /> Isoon,and profits thereof is made to sconcethe repayment of a loan made by the Mortgagee to the Mortgagor,ao evidenced by a protein.
<br /> eory note of even date herewith in theprincipal sum of •
<br /> _ - . . - - -Two Hundred Fifteen Thousand and no/100 - - - - - - . - „ _ . Dollars
<br /> 1$215,000.00 1;executed by the Mortgagor and payable to the order of the Mortgagee, with interest at the rate
<br /> • therein set forth,the principaland interest payable in accordance with the terms of said promissory ay�,and finally maturing en
<br /> January 1 ,lU 91 All gums due shall bear intermit after the due date at the rate of1 %r per annum,and with a
<br /> reasonable attorney's fee as maybe determined by the Court.
<br /> Mortgagor hereby expressly covenants and agrees with Mortgagee,as follow,:
<br /> 1. Mortgagor is lawfully seized of an indefeasible estate in fee simple free front encumbrances and has good right and power to
<br /> ' convey an absolutetitle,in fee simple,including all the rights of homestead,and will warrant and defend the title to the Fame against ,
<br /> all lawful claims.
<br /> 2.To pay all sums hereby secured when due.
<br /> 2.To pay when due all taxes and assessments of every type or nature levied or assessed against said property,or upon the Mort-
<br /> gagee's interest therein;and also to pay any claim,lien or encumbrance against said property which may be or become prior and senior
<br /> to the lien of this mortgage
<br /> 4.To keep all buitdinga on the mortgaged property insured against loss and damage by fire,windstorm nod other hazards,with such
<br /> z., solvent insurance company or companies,and in such amounts,as are satisfactory with the Mortgngee,and with the procecde of lows
<br /> payable to the Mortgagee as its interest cony appear. The policies of insurance,and abstracts and other evidence of title,shall be delivered
<br /> to end held by the Mortgagee without liability,and upon foreclosure of this mortgage,or acquisition oldie real estate orany part thereof,
<br /> In any other manner,shall become the ebsoluto property of the Mortgagee, The loss proceeds Gess expenses of collection)shall,at •
<br /> Martgagee'e option.be applied to said indebtedness,whether due or not,or to the restoration of the improvements,or all or any part
<br /> thereof may be released by Mortgagee. In event of foreclosure Mortgagor authorizes and empowers Mortgagee to effect insurance upon
<br /> the premises in the amounts aforesaid for a period covering the time of redemption from foreclosure gale,and If necessary therefor to
<br /> x,i• "cancel any or all exdating insurance policies.
<br /> 6..Mortgagor ti)will nottembVe or demolish nor niter the design or structural character of any building now or hereafter erected
<br /> upon tint premises unless Mortgagee shall that consent thereto in writing:(ii)will maintain the premises in good condition and repair;
<br /> (Iii)will not commit or suffer waste thereof;(iv)will not cut or remove nor suffer the cutting or removal of any trees or timber on the
<br /> premises(except for domestie purposes)without Mortgagee',written consent; (v)will comply withall lawn,ordinances,regulations,
<br /> revenants,conditions and restrictions affecting the premises,and will not suffer or permit any violation thereof.
<br /> O. In the event Mortgagor fails to pay any claim,lien or encumbrance or the taxon or assessment,above mentioned,or pay the
<br /> L - premiums of Insurance,or keepsaid premises in repair,or shall commit or permit thecommission of any waste,or,hall default in the.
<br /> perfnrmanob of any of the tonne,covenants and agreements of the. promissory note secured by thin mortgage,
<br /> 1p ... gage,or of this mortgage,or.
<br /> if the Mortgagor shall abandon said property,or it the Mortgageeshail be made a party in any suit on account of the existence of '
<br /> this mortgage or involving the tido to said real estate,the Mortgagee may pay said claim,,liens,encumbrances,taxes.ansessmente,or
<br /> premiums,.with right of subrogation thereunder,or make repairs,or purchase a tax title,and may procure such abstracts of title or •
<br /> otherevidence on title as it deems necessary,or pay court centa,andall nunm so paid,with Interest nt the maxitnunr rate allowable
<br /> by law,shall become a part of,the indebtedns s hereby s,cured,and also the whole of the indebtedness secured hereby shall beeomb
<br /> and be immediately duo and payable at the option of the Mortgagee without notice or demand,which are hereby expressly waived,
<br /> and this mortgage may be foreclosed,
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