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<br /> The �QUITABLE Life Assurance Society of the United States �
<br />' �'' THIS MORTGAGG,dated as of the.......ist........ day of......,�ctober 7G
<br />: ...... .................... 19........,behvcen
<br /> Alice M. Bockstadter, an unremarried wido�o,
<br /> � whose Post office address is....................... ..TZood River, HeUraslca 68883
<br /> ..... ................................................................................................................................................
<br /> hereinafter called "Morl�qagoq" and THE EQUITABLE L[rE ASSURANCE SOCIETP OF THE UNITED STATES,a New Yoh
<br /> corporation,having its ptmapal office and post office address at 1285 Avenue of the Americas,New York,New York 10019,hereinafta
<br /> ' ` cslled"tlforlgagee';
<br /> WHEREAS,the Mortgagor is jusdy indebted to kh� e Df rt a ee in the sum of......:.�.irty Tttou�and.und.No/100;----
<br /> ` ' ------------------- 30 008.�it�
<br /> . ? ........:.:...................................:.................Dollars ($.:.......�..............................1 with intcrest.all u set forth in his certain promissoty note
<br /> ("Note")of evrn date herewith maturiag............March..�.........,......ZOQ2........,?P3........
<br /> NOW,THEREtORE,THIS MORTGAGG\Y/ITNESSETH,that,to scrure the payment of the principal of and�ntemt on the Note
<br /> and the performance of the wvenants therein and herein contained,and in considerahon of the premius,the Mortgagor by thtse praenb
<br /> does grant,bargain,sell, convey,transfer, assign, mortgagr, pledge,warrant and mnFirm unto the Modgagee all the property ("the
<br /> � ; Mortgaged Propert�") hereinafter described,to-a�it: 1ia11
<br /> • ' I.T7ie followin described ceal pcoperty located in the County of........................................................................................................
<br /> : ; I�braslca •
<br /> ;. Shate of.................................................................to•w�t:
<br /> The North Half of the Northcaest Quarter (N'�NW�) and
<br /> the Southeast Quarter of the Northwest Quarter (SE'�NW4),
<br /> a11 in Section Sixteen (16), Township Ten (10) North,
<br /> Range Twelve (12), West of the 6th P.M.
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<br /> Default by the nortgaoor under any other instruaent securing Che debt hereUy secured
<br /> sha11 constitute a defauZt under this instrument.
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<br /> � II.The Mortgagoi s interest as lcssor in all leases (induding but not limited ro,oil,gas and mineral leases) now or heceafter
<br /> aHeding the above-deuribed real property or any part thereof.
<br /> r TOGETHER��/ITH the rents,issues,and profits thereof, reserving,however, (unless othernisc providcd herein or in a separate
<br /> instrumrnt of assignment),unto the Mortgagor the right,prior to any default in the pzpment of the Note or in performance of any
<br /> agreemrnt hereunder,to collect and retaia such rents,issues,and profits u they become due and pay�le,and together also with all and
<br /> singulu the tenemcnts,hereditaments,and appurtenances thereunto bclonging,mduding irrigation,drainage,and water rights of every
<br /> kind and description.
<br /> TO HAVE AND TO HOLD the same unto the Mortgagee,its successors and assigns,forever.
<br /> �' PROVIDED,ALWAYS,that if the Moctgagor,his heirs, rapresentati�•rs,snccessors or assigns,shall pay unto the hiortgagee,its
<br /> :� successon or assign:,the said sum of money mrntioned in the Note and the interest thercon at the times and plate and in the manner
<br /> k specified in the Note,and all other sums that may become due and owing ro the Dfortgagec pursuant to any of the trrms,cocenants and
<br /> r' conditions hercrof,and pe�form all the conditions and covenants contained in lhis mortgage("hlortgage"),then these presents and the
<br /> " tstate hereby gmntad shall cease,determine and be void,otheewise to remain in full force and e(fect.
<br /> AND SUBJECI'to the coernants and conditions heLeinaftec set forth.
<br /> 3 FIRST: The Afortgagor hemby co�•enants and agrees,to the extent pertnitted by law,u(ollows: (a) to pay prompdy whrn due
<br /> kthe princiPil and interat and other sums of money provided for in the Note and in this Ttortgagt,or eithcr;(b)to pay all taxa,assas-
<br /> ments and other chargrs(induding ditch,rnal,resmoir,or other n�ater chargrs,taxa or assasments) imposed by law upon the Mort•
<br /> gaged Property,the Diortgagtc's intcrest thercin,or upon the Dtortglgr or the Notc;provided howe�•cr,t6at,in the erent of the pas•
<br /> � sage of any law changing the laws for the tar.ation of mortgages or debts scYured 6v moregage su as to are�t ehis DZUt(b1�C.t!u cuciic_ ---.-
<br /> indebtedness secvted heteby shatl,at the option of the Diortgagee,become d�e and payable;(c)to keep the Dtortg�ged Propedy and im•
<br /> provements theteon in good condition and repair and not to cummit or sufier waste thrreof,and except as author¢ed in any uhedule
<br /> " annexed hettto and Forming a part herrnf,nnthcr to remove nor pecmit the remoi•al of any timber,buildings,oil,gas,minerals,stonq
<br /> rak,day,fertitizer,grarel or rop wil a•idiout the prior written ronsent of the Mortgagce;(d) to maintiin and dclivcr to the Mortgagee
<br /> policia of insurance against sach hazirds on the bwlding:now or hereafter laated on the Mortgaged Pcoperty.as the Mottgagee maq
<br /> rcqmre,insuch mmpama and amounts and with such loss payable dauses as shall b�satisfactory to the Dfortgagee;that in the evrnt of
<br /> bss the Mortgaga is espressly authorized to settle or compromise daims undar said policies and the proceeds shall be paid to the MoR-
<br /> gagee who may apply same or any part themof on the indebtedness sectired hereby or to�vards the reconztevction or repair of said build• .y�
<br /> mgs or release same m tlu hiortgagor;(e)ro pay any lien,daim or charge against the Tiortgageel Property which might take ptecedrnce
<br /> over the lien hereof;(f)ro pay on decraad aIl kgnl r:epenses,title seatches,or attomey fces rcasouably incutrcd oc paid by the hiortgagtt 'N .
<br /> L to mllec[the Note or foreclose or prot�ct the lien of the Afodgagr, (g) that in the event he shall fail to comply with the provisions of
<br /> (a)through(f) above,the bio[t�gee may tal:e such adion as u necessary�to remedy such failure and aU sums.paid by the Mortgagee eC ±'
<br /> purnunt hereto with intcrat at the ratc hereinaftet proeided shall constitute a lien upon the Atodgagcd Property, shall bc secvred by p.
<br /> this Modgage,and shall be immediately due and rePayable to the Dtort�Gce; (h) not to sel!the prcmises or any portion thercof, or, r.: -_
<br />` if the Modgagor is a corporation,not morc than"..Y5 of its mrporate stak shal!be sold,traded or disposed of to penons other than W�
<br />,,�.� the pcesant ownen prior ro the time the indebtedness secured here6y shall have b:en reduced (exdusire of preps}'�nrnts not permitted
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