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w,•e .--_,.,.__,.r .._a., Ohm Fob 708 (a 72) ,
<br /> REAL ESTATE MORTGAGE
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<br />.. fi 76- IT�UJ�-! ,;ate February 20, 1976 ['
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<br /> (1 Rex'D. Hoffman.and:Eunice M. Hoffman, husband and wife; Robert P. Hoffman and Mary K.
<br /> JHoffman, husband and wife; and Richard C. Hoffman and Yvonne D. Hottman, husband
<br /> and wife: Mortgagors,
<br /> to t;
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<br /> 7 + of Hallcounty. _ Nebraska in consideration of
<br /> elf the advance of the principal sum recited In the note hereinafter described,receipt of which Is acknowledged, hereby
<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 r.
<br /> is Farm Credit Building, Omaha, Nebraska 68100, si
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<br />',t(4 c Mortgagee (sublect to oil, gas, and mineral rights owned by Parties other than Mortgagors: existing easements of
<br /> record; reservations In United States and Statepatentd;and the rights of the public in all highways).thefollcwing- e
<br /> 1 Nebraska t4
<br />' '[i described real estate In Hall County, -- +.,
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<br /> iI ii SEC. TWP. RG. �o,
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<br /> ai ANW4 21 9N 9 W 6th P.M.
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<br /> containing 80 'es, more or less, ccgether with Cl of the right, clue, and Interest
<br /> (now caned or hereafter acquired)of the Mortgagors It said property, Isoltdlcg 011 buildings and Improvements placed
<br /> thereon; all'water, Irrigation, and dra: -ge right ene,ents, beredittaments, and appurtenances thereto and the
<br /> gt, rents, 155005, crops, and profits arising f m said lands; and ( tl Mortgagors, rights In the public domain are
<br /> t1required by Mortgagee for security purposes) all leases, permits, licenses, or privileges, appurtenant or nonnppur-
<br /> aitenant to said mortgaged premises, now or hereafter issued, extended, or recessed to the Mortgagors by the United
<br /> at States or the state in which the above-described property Is located or any department, bureau, or agency thereof.
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<br /> k '' This mortgage Is given to secure a promissory note of eve: date nerewltt, executed by Mortgagors to Mortgagee, in
<br /> 4 ': the principal sum of .U- .I 40 LI . WIRED AND NO/100 bdLiJ.R5,
<br /> ti: payable In installments with Interest according to the terms ef `aid:rote, 'he last Installment being due and pay-
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<br /> 1 `i able on the first day of pinrpnthrr, 21)04 . 'this conveyance Shall be veld upon the payment of said
<br /> promissory note.
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<br /> This mortgage 1s sub,ject to the provisions of THF FARM CRE IT ACT ural is amendatory thereof or supplemental
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<br /> II ,thereto. e proceeds of the loan secured hereby will be used `.or 4,1.e purposes specified In the Mortgagors, -ippll-
<br /> il,,.F Cation for Said loan and authorized by said Act. •
<br /> (, F Tate Mortgagors, and each of them, hereby warrant that they e csmers .f the mortgaged real property; that they
<br /> will defend the title against all claimants whomsoever, and that said property is free from all encumbrances: that
<br /> .} ', they will keep all the Improvements, fixtures, and appurtenances occupied and In good repair and permit no acts of
<br /> 1 I-, caste; and they will relinquish all rights of homestead In said premises,and covenant and agree with the Mortgagee,
<br />• a as follows:
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<br /> (1) That they will pay when One all teles, liens, �0dq-ents, o °s rents rG1ch nay b0 lsaful'-y ass0ssed against
<br /> %,t the property herein mortgaged.
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<br /> (2) That they will insure and keep Insured buildings or other Improvements now on or which may hereafter be placed
<br /> on said premises to tte satisfaction of the Martgagee,csch Insurance policy shalt be endorsed with a mortgage clause
<br /> with the loss thereunder to he payable tm the Mortgagee. Any sans reneived may be used to pay for reconstruction
<br /> C, oI the destroyed Improvements; or, 1f not o applied, may, at the option of the Mortgagee, be applied in payment of
<br /> fi U any indebtedness, matured or unnatured, secured by thls mortgage.
<br /> 't (3) To pay all rents, fees, or charges new due or to become due under the terms of each lease, permit, license, or
<br /> privilege on the public domain which is appurtenant or =appurtenant to the mortgaged premises which has been
<br /> • Issued,,extended or renewed by the:hilted States or the state in which the above-described property is located: and
<br /> 1 _ to perform and observe every act, covenant, condition, and stipulation necessary to keep each of the same in good
<br /> „ty,r 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, license, or privilege if Mortgagors. rights !.
<br /> t,,, In public domain aro required by Mortgagee for security purposes.
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<br /> o (a) That 1n the event the Mortgagee is.a party to any litigation affecting the security or the lien of its sort-
<br /> '?. gage, including any suit by the Mortgagee to foreclose this mortgage cr ate silt In which the Mortgagee may be named
<br /> ,f-e. ' a party defendant in which it Is obligated to protect its rights or lien, including condemnation and bankruptcy
<br /> proceedings, the mortgagee may Incur expenses and advance payment for abstract fees, attorney fees (except to the
<br /> extent prohibited by law), costa, expenses, and other charges.
<br /> x , (5) That In the event the Mortgagors fall to pay When due any _axes, liens. judgments, or assessments, or fall to
<br /> U maintain Insurance as hereinbefore provided, or Lail to pay rents, fees. or charges under the terms of r} lease.
<br /> t,1( permit, license, or privilege:.or Mortgagee 1s required to Incur expenses for D t a Toes, attorney fees, costs,
<br /> 6 expenses,and_ether charges in connection with litigation. t ,gee r ti ItItAe saSn er, cf' `r
<br /> Y ( er incur such obligation, and the amounts paid the. , . :ban b-c.r7e t the e. 1 de terse re u c '
<br /> Ti ..i and payable Yrcdiately, and shall bear interest from the date e. taYment al oile rr.,.e of ten ;ere . 4nrn. 1
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