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<br /> (� 76- �n� �� 1
<br /> The �QUIT/�BLE'Life A5§urance Society of the United States
<br /> �E �.THIS MOR1'GAGE,dated as of tha..... lst .:....,...day of......,....Murch:..................... 19..�6.,between MargaTet V.
<br /> : Sullivan and.William L: Sullivan, Jr., her husband, and Dennis Sullivam,'
<br /> :�� a„singi.e person,
<br /> whose �osC o�ice address is....:........ .. . Doniphnna.:Nehraska.:.68832:. ..,....... ...................... ........,..,... '
<br /> � hetttonfter'called"MorJgagor," and THL�EQUITABLG lIFE ASSURANCE 80C1LT'Y�OF 7'HH UNITED STA'fES,a New York
<br /> 'co oration�having its prinnpal olfice and post office addcess at 1285 Avenue of tfie Amencas,New York,New Yock 10019,heteinaftet
<br /> ; ��Fa�E��p� One H�ndred Forty Thoueana and NO/l0U' �,
<br /> •'� e Mortgagor 3s)ustly mdebtcd to the Mon a ee m the sum of...... . . . ... ....... . ..... ........ ......
<br /> �3 140 000�00
<br /> ..... )with inteast,all as set fotth in his«rtain promiuorymotc
<br /> &$
<br /> ,'$ ........ ....... .Dullars (S ..�..................
<br /> '; ( Note")of even date hetewith matucing........ .�TaPNt�FY...l .................�4t}.�..2001
<br /> i NOW,THEREFORE,THIS MORTCAGE WITNESSE'PH,that to secure the payment oFthe p[incipal of and intetat on the Note
<br /> and the performance of the covenant�therein and herein contained,and in coneideration of the premises,the Mo�tgagor by thrx preunb
<br /> does grant,bargain,sell,convey,transfci, assign,mortgage,pledge,warrant and mnfirm unto the Mortgngee all tha propetty ("tbe
<br /> ' Mnrtgaqed Property") hereinafter described,to�wit:
<br /> � Hall
<br /> ± I.The followmg�doscc�bed teat property loc3ted in the County of........................................................................................................
<br /> ; State of... . .......Ne-brus'ca ....... ....:.....to•wih
<br /> : ....... ..
<br /> ,-
<br /> a
<br /> ' The East Ane-Ha1f of the Northwest quarter (E'�NW'�)
<br /> � ' and the West One-Half of the Northeast quarter
<br /> �
<br /> � (W'�NE'�), of 5ection 'Itaenty-one (21), in Township
<br /> ' Nine (9), North, Range Nine (9), West of the 6th t
<br /> � P.M., in Ha11 County, Nebraska.
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<br /> Default by the mortgagor under any other instrument securing the debt hereby secured shall
<br /> canstitute a default under this instrvment.
<br /> II. Tha Mortgagor's intecest as lasor in all leasa (including but not limired to,oil,gas and mineral leases) now or heteaEter
<br /> affecting the abovo-described teal propetty or any part thereof.
<br /> TOGETHER WITH the rrnts,issues,and profits thereoF, resetving,however, (unless otherwisc provided hcrein ot in a sepatate ,.,''�
<br /> instnunent of azsignmrnt),unto the hSortgagor the right,prior to any default in the payment of the Note or in performance oE any ,�,
<br /> a¢reement hereunder,to collect and retai�r such mnts,issuu,and profits as they become due and payable,and together also with atl nnd �y '
<br /> smgular the tenements,hereditaments,and appuitenances theceunto belonging,induding irrigation,drainage,and waMr rights of every
<br /> kind and dacciptioa
<br /> ; TO HAVE AND TO HOLD the same unto the Mortgagee,its successots and assi�ns,focever. :
<br /> � PROVIDED,ALWAYS,that if the Mortgagor,his heirs,reprcsenta[ives,successocs or assigns,shall pay unro the Mottgagee,ib
<br /> sutc�sors oe usigns,the said sum of money mmtioncd in tha Notc and the interest thcreon at the times and plate and in the rttannet
<br /> speci6ed in the Note,and all other swns that may become due and owing to the Tiortgagee pursuant ro any of the terms,covenants and
<br /> conditions hereof,and perfurm all the conditions and:tovenants contained in this mortgage('4lfongage"),then these presrnts and the
<br /> estate hereby grantedshaU cease,detettnine and be void,othecwise to remain in futl forte and efiect
<br /> AND SUBJECT to the covertants and conditions heceinafter set fotth.
<br /> FIRST:Y'he Martgagor hereby covenants and agrees,to the eutent permitted by law,as follows: (a) to pay prompUy whrn due
<br /> the prinnpaP and interest and otha sums of money provided for in the Note and in this Modgage,or either;(b)ro pay all ta�ca,asxss-
<br /> ments.end other chargos(induding ditch,canal,reservoir;oc ether water charges,taxes oc assessmrnts) imposrd by law upon the Mort-
<br /> � gaged Propetty;the Mortgagee's interest therein,or upon the Diortgage or t he Note;provi de d however,t h a t,in t he even t o f the pu-
<br /> sage of aay law changing the laws for the taxation of mortgages or debts secured by mortgagc so as to affect this Modgage,the entire
<br /> � indebtednas sctiured hercby shall,at the option of the Diortgagec,baome due and payable;(c)to kcep tha Modgaged Property and im•
<br /> provemrnts thereon in good condition aod tepair artd not to commit or sufter waste thereof,and extept as authotized in any schedule
<br /> uuiac�d heteto and focming a part hcreof,nnthalo remove nor permit thc rcmoval of any timber,buildings,oil,gas,mincrals,stone,
<br /> rock,day,fcrtilizer,gravel oc rop wil without the prior written consent of the Mortgagee;(d) to maintain and deliver to the Mortgaget
<br /> policiet oF.insurance against such hazuds on the buildings now or hereaftec laated on the Modgaged Property.as the Mottgagee teuq
<br /> rcyuue;in such companies and nmounts and with such loss payable dauses as shall be satisfadory to the Mortgagce;that in the evrnt of
<br /> loss the hiortgagee is expressly authorized to settle or compromue claims under said policies and the proceeds shalt bdpaid M the MoK• ♦ `
<br /> gagee who may ppply same or any puE thereof on the indebtedness secuted hereby or towards tfia reconstruction or rcpiir of said build• ,
<br /> ings ar telease same to the Tiortgagor;(e) to pay aay lirn;claim or charge against the Modgaged Property which might take precedrnce ! � ,�+' '
<br /> ovec the lim heceof;{f)to pay on demand all�cga(ce�+ensa,tide seatthes;or attomry fecs reuanably mcurrcd or paid by the Mortgagee `
<br /> � Eo to1(ect the Note ac foredose.or protect the lien oEt l�e Mortgagr, (g) that in the e��ent he shall fatl to comply with the provisions o f �" '"f '
<br /> (a) thmugh(f)abovq the Mortgagee may take such action as�s necessary ro remedy such faiture and all sums.�aid by the Mortgagee ,,� _',
<br /> pucxuanchereto with intemE at the rate heceinafter prorided shall constimte a lirn upon the Diurtgaged Property,shall be securcd by � ?.�
<br /> this Modgage,and ahall be immcdiately due and«payablc ro the biortgagce; {h) not to selt the prem�ses or any podion thereof, or,
<br /> if the Modgagor is a corporation,noEmore than.r:'�o of its corporate srod:shal(be sold,tnded or disposed oF to persons othcr than
<br /> - We prexnt owntts prior to thc time the inde6Mdness stcucrd hcrcby shall have been reduttd (euclusiee oF prcpayments not permittcd
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