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<br /> The �UITABLE Life Assurance Soci�ty of the United States � ��E
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<br /> ,` , THIS MORTGAGL�,dated as of the........15th..........�ay of.............M�rch.................., 19..76.,behveen MSrie
<br /> Harders, a.single person, and Francis H. Harders and Charlotte A. Harders,
<br /> � his wife, I
<br /> ahvse post o�'ice sddress is..............Woocl.,River.�...Nebraska....G8883..............................................................................................
<br /> hereinaFter ca11eJ"Atorfgngor," and THL LQIJITABLL LI�E ASSURANCI SOCILT'Y OP TFiE UNITED STATLS,a New Yotk
<br /> cotporation;having its pnnapal office and post o(iim address at 1285 Arenue of the Americas,New Yotk,New York 10019,hereinaftet
<br /> called"Afortgagee";
<br /> ' WHEREAS,the Mortgagor is jusdy indcbted t heM rt ec in the sum oL..�.4�...I�4!ndred„Thousand„Four..Hundred
<br /> ` and NO/100 ------------- 1$a 40�.��
<br /> ...............................................................Dollacs (3........3................................)with intecest,all as set forth in his certain promissory note
<br /> ��'Note" of even date herewith maturin March 1
<br /> ) g.................................................................�'4h....2A02
<br /> NOW,THEREtORE,THIS MORTGAGL WITIVLSS[TH,that,m secure the payment of the principal of and interest on the Note
<br /> and the performance of the covenants therein and herein conhained,anJ im m�sideration of the premises,the Mortgagor by these presents
<br /> r does grant,bargain, scll, wm�ey,tcansfer, assign, mortgage,pledge,wnrrant and mnfirm unto the Mortgagee all the property ("rhe
<br /> Martgaged Properly") hercinaftcr described,to-«�ir.
<br /> ' '' I. The following dexribed real propetty located in the County of ...........................}�all
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<br /> ` ` Nebraska
<br /> : . State of.................................................................to•wit:
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<br /> The South Half of the Northeast Quarter (S�NE�) of
<br /> Section Eight (8), and the South Half (S'�) of the
<br /> Northwest Quarter (NW'�) of Section Nine (9), a11 in
<br /> Township Eleven (11) North, Range Eleven (11) West of
<br /> the 6th P.M., Hal1 County, Nebraska.
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<br /> '; Default Uy the mortgagor under any other instrument securing the debt hereby secured
<br /> shall constitute a default under this in3trument.
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<br /> II. The Mortgagor's interest as lessar in all leases (induding but not limited to,oil,gas and mineral leases) now or hereafter
<br /> affecting the above-described real property or any pact lheccroF.
<br /> �,-�; TOGETHER��/ITH the rents, issues,anJ profits thcreof, reser��ing,hoH�ever, (unless otherwise provided herein or in a separate
<br /> instrument of assignmcnt),unto thc hlortgagur thc right,prior to any dcfault in the payment of the Note or in performancc of any
<br /> R; agreement hereunder,to coliect and retain such rents,issues,and profits as they brcome due and payable,and rogcther also with all and
<br /> singulu the tenements,herrditaments,and appurtenances thereunto 6elonging,induding irrigation,drainage,and watcr rights of er•ery
<br /> �; kind and desaiption.
<br /> � 1'O HAVfi AND TO HOLD thc ssme unto thc D4ortgagee,its succcssors and assigns,forever.
<br />� PAOVIDED,ALWAI'S,that if the Muttgagor,his heirs, reprrsentati���s,snccessors or assiFns,shall pay unto the A4odgagce, its
<br /> a���rccnr<nr�c<,opn5,fhr 5air1 5��m nf mnP.Py menr��„P.I in Lhr TTn[r pn�l Ihr i�iir.n•cr�I��rF�n ot r{,..�imPc�..,1 I,�o,..,1:..�I�o�.����,� .
<br /> ' . �:._.,.... .. �
<br /> specified in thc Note,and all other sums that may become due and owing to the hfortgager pursu�nt to 1ny of the terms,covenants and
<br /> cunditions hereof,and perform all the mnditions and covenants contained in this mort�age("Atnit�nxi"),then lhese prrsents and the
<br /> 3 estate hereby grantcd shall ccase,detcrmine and be void,othenvise to remain in Full(orce and e(Tat.
<br /> AND SUDJC•CT ta thc m�•rnants and conditions hcreinafta sct forth.
<br /> FII2ST: The hfortgagor hereby co��enants and agrces,to the cxtent permitted by law,as follows: (a) to pay prompdy when due
<br /> the printipal and interest and other sums of moncp proeidcd for in the Note and in this Diortgagc,or either,(b)to pay ali t:�res,assess•
<br /> ments and other charges(including ditch,canal,resen�oir,or nther watcr charges,taxes or assessments) imposed b}'1aw upon the Morb
<br /> gaged Propetty,the A4ortgagre's intcrrst therein,or upon lhc riurtga�c or the Note;�ru�•ided ho«�evcr,diat, in thc event oF the pas-
<br /> sa�e of any law changing the lan•s for the taxation of mortgages or debts scrurcd by mortgage so as to affect this Modgage,the cntire
<br /> indebtedness sccured herebp sha11,at thc optiun of Ihe Dlortgagee,bccome dur and�ayable;(c)to kee�lhe Murtgagrd Proprrty and im-
<br /> provements thereon in good condition and repair and not lo comf7�i[or su(Fer aaste thereuf,and except as authorized in any schedule
<br /> annexed hereto dnd forming a part hcreof,nedher to rcmovc nor permit thc rrmo�•al of any timbcr,buildings,oil,gas,minrrals,stone,
<br /> rak,;;uy,:;rtil;zer,gra�cl or ro�soil without the prior��tiUen conserd of d�r hivrtgagcc;(uj to m:iintain and dciiver ro the hfortgagee
<br /> policies of insurance against such hazards on the bwldings now or herraftcr located on the Mortgaged Property as the Diod�,ngee may
<br /> rcyuirc,in such mmpanirs and amounts and with such loss p,tyablc dauses as shill b:satisfador}'to thc Diortgagee,that in the e�•ent of
<br /> loss the Dfartgagee is cxpressly authorized to scttic or tompromise d.iims undcr said policirs and the procceds shall be paid ro the hlort- �
<br /> �apee who may apply same or any part thercof un the indrbt�dness secUred hereby ot to«�ards the reconstruction or repair of said build-
<br /> mgs or release same to the Mortgagor;(r) to pay any lien,daim or charge againsl the Diortgaged Propedy which might take precedence ` N
<br /> oret thc licn hercof;(f)to pay on demand ali legal expcnses,title scarchrs,or attomcy fecs reasonably incurrrd or paid b}�the Dtortgagee
<br /> to collect the Note or foredose or protect the lirn of the TfortgaGe; (g) that in Ihe c�ent he shall fail to comply wrth the provisions of I �
<br /> (a) through (f)abo�•e,the Dfoctgagee may tal;e such action as is necessaq�to remady such failure and all sums paid by the Mortgagee _J
<br /> pursuant hereto with interest at the rate hercinafter pro�ided shall constitute a licn upon lhe Mortgaged Propert�•, shalf be srcured by � `
<br /> this htortgage,and shall be inu»cdiately duc and repayable to thc I�fortg:tger, (h) not to sell the prcmises or any portion thereof, or, K! ;
<br /> if thc I�iortgagor is a corporation,not morc than.c-.;'� of its mrporatc stock shall be sold,traded or disposed of to persons othcr than �
<br /> the present on�nets Prior to the timc the indebtcdness sccurcd hcrcby shall havc becn rcduced (csclusivc of ��rcpaymcnts not �crmittcd -
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