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<br /> 78 - U.00199 _ _ _ ,
<br /> � --------------.______�.REAL_ESTATE.MOBTGAGE. .__ ____ ___----FogM F�e_1P9_lRer�._t_I7)--- °
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<br /> I� pete January 5, 1978
<br /> � � fi �
<br /> j� Marvin E. Stoltenberg (also known as Marvin Stoltenberg) and Eunice A. Stoltenberg
<br /> �� (also known as Eunice Stoltenberg), husband and wife
<br /> ~ �� !j , Hortgagors �
<br /> ' �� .
<br /> � �� �j ol Hall Nebraska � �
<br /> County. , Sn conslderatlon of .
<br /> ' � �i the advance of the princlpal sum recltea Sn the note iterelnafter described,receipt of whlch ls ctckno�xletlged, hereby � �
<br /> �, II mortgnge and convey to _ �� �
<br /> �'
<br /> �! TNE FEDERAL LAND BANK OF OI�ANA, a Corooration,
<br /> +I of Omaha, Douglas County, Nebraska, whose address
<br /> j� is Farn Credit Building, Dmaha, Nebraska 68100,
<br /> r�
<br /> ,� Mortgagee (sub,ler,t to oll, gas. and mSnerul rights ownetl �y parW es other thnn Mortgagors; exlsting easenents ut : � .
<br /> � record; reservatlons !n UnSted States nnd State pntent.s;and the rSghts ot the public Sn all hSghr+ays),the follo�x3ng- � .
<br /> f� descrlbed real estate ln Hall County, NehraGka ,
<br /> �i
<br /> '' SEC. TWP. RG.
<br /> II
<br /> ;j SF,�tSE� - - - - - - - - - - - - - - - - - - - - - - - - - - - 23
<br /> NEZ (except Chicago, Burlington, and Quincy Railroad right
<br /> of way); and that part of the NE3LSEZ lying North of the
<br /> i� Chicago, Burlington, and Quincy Railroad right of way - - - 26
<br /> • " �': All in - - - - - - - - - - - - - - - - - - - - - - - - - - - 12N 11 W6th P.M.
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<br /> ;�f contalnlne 196 acre;, more or les,, to�ether•,v1th a11 ot the ri��t, cStle, and Snterest � � �
<br /> I� (nov+ov„�ed orhereafter acqulr?d)ot the HortP,nrnrn Sn sald property, 1ncludinP 111 bu11A1nvs, Sm,ro��enents,Ilxtuces, � �
<br /> or oppurtenances Cherean on c�rea(ter plar.r.d thereon; all r:ater, 1rr1gntlon, ��nd dralnsP,e rlghts; the tenements,
<br /> ' heredltvr.ents, and nppurtern:nr,es *he;eco and the renCo, fssues, crops, and proflt.s nrSsSnP frr,m s:ifd lands; and (Sf �
<br /> ii the Mort�a�ors� ri�hts 1n the ,.uhllc Com�+Sn -u•e requfreA by Ho:t�sgee ;or srcu;t:y purposes) ali leases, permSts, .
<br /> �. llcenses,orprlvlle�;ea, apfw•tenant or nenappurtenm�t to sald rortnv,ed premiaes,no��von c�reafter lssueA, extended, '
<br /> or renevrr,d to �h� Mortgagers Dy the United SL�[es or 6he sGnce Sn whlch the above-Gescrlbed property 1s located or � �
<br /> . ��i atly A�pnrtment, burenu, or•;+gency therv,ot. .
<br /> ,4 �1 ���mortc;a�e ts �;Iven Lo ser,ure n prordssory� note of even e1aCe here�:i[h, ex.er.utecl 1>y Mortgagors Co Mortg�gee, Sn
<br /> i
<br /> !' chc princ�pal sum ot ONE HUNDRED THOUSAND AND NO/100 -
<br /> i � II - - - - - - - - - - - - - - - [10LLAR5� .
<br /> �� p,}'+ible �vlth luterest nccordirot to Che Lern:: o' sild notr, Che ftnul ,aprent b�inE d�,te snd paynble on the first day �
<br /> ����� Anril, 2007
<br /> !I ot . 51i1:: couvey:nce shall be ��otd upon thr pa.y.m�aut ot snld premissory note. .
<br /> i� Thls mortgage ls suDJect Co 6he provlslons of YIiF. FAPM C9E�IT ACT and all acts anendatory thereo! or supplemental �
<br /> thereto. The proc�eds ot the loan secured hereby w111 De used ior the pu:poses ;pecStied in the MartF3gors� aP➢11- � �
<br /> ';! cntlon for sald loan and authorSzed by snld Ac6. .
<br /> - �� Th^Mortgavors, and eoch of them, trereby�szirrant thnt they are fee oc+ners ot the rortgaged real Property; ChaL they �
<br /> �i vr111 detend the tltle agalnst n11 clnSmants whomsuever, nnd that sald protxrty Ss free fron a11 encu��rances; that �
<br /> � �� they �slll keep all th? 1mD�'oven�nts, tSxtures, and nppurtennnces occupleG and Sn _r,00d repalr �ind permit ne acGs of
<br /> � waste; nntl they v+ill relinqulsh all I'SFhLS af honesterid Sn sa1A premSse3,and covenant. nnd n3ree �+rith the Martc;¢gee, �
<br /> ( � �j na tollows:
<br /> �� (i) That they w111 pay v+hen tlue nll. taxes, llens, Judgments, ur as;es^ments w61ch ma,y be IIIWItISI}' fl55C55ed acainst
<br /> ; I� the property hereln mortga3ed.
<br /> ; ';j (2) That they wlll Snsure und keep insu:ed bulldings or other lrprovenent.s nm•+on or rrhlch m¢y hzreatcer 6e pl3ced
<br /> �. on seld prenlses to the snLlsfar.tlon ot Lhe �ortgaEee,suclilnsurance poticy ^h111 be endorsed wlth a mortgage clnuse
<br /> � wlth the loss thereunder Lo Oe pn,ynble Co ttre HartgaPee, pny sums receSveA may be used to pay for reconstructlan
<br /> � f� of the destroyed Smprovements; or, lf nut so applled, may, at ttie oDtion uf the �ar!.�aree, he applted ln payment of
<br /> � i� nny Sndebtedness, natured or unmatured, secured by thls mortFsc,e.
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<br /> l f3) To pay all rents, tees, or chyrges no�v due or to becone due under th� terms af each leuse, pernit, llcense, nr
<br /> � !I prlvlleye on the publlc domaln e+hich !s �ppu['Gen¢ttt or ncnappurtenant to the mortgsp,ed premSses, �vhSch has been �
<br /> �; lssued,extended,or renewed by the United S[aLes or the state fn�shlch the uGove-descrlbed property f� located; nnd �
<br /> li to pertorm and observe every ¢ct, covenant, concllU on, and stSpulatfon necessnr}• to keep each of the same Sn Eood . �>�l -�.�.L�-�-
<br /> �. standlnP; nnd to tuke every necessary step to :,ecure the relscu^, renearnl, er extenslen ot ench ot the cane; and to
<br /> �� j assSgn, walve, pledge, or endorse to the Morr,gavee each�lense, permlt, 1lcense, or prSvSleF,e !f Y,ortgagors� rlghts �� �y ,
<br /> �' Sn public damnln ¢re requlrea Gy Hort�ngee for securlty purposes. �
<br /> l 1� (4) ThaL !n ttie event the MortgaP,ee Ss n party tu any 11t1P.ntlon nflectinE the s�curlty or th^ llen ot its mort- '
<br /> �� EgEe, 1nc1udlnft ar�Y sult by the Mortgagee toforeclose this nortgage or any sult Sn�vhlch the Nori�gav,�e msy be na�ed I �
<br /> � u party detendnnt In }shSG� 1t Is oblivated to protect lts rlghts or 11en, fncluAing cundennatlon anA bankruptcy n
<br /> � proceedings, 6he Martgagee nay lncur expenses and advance pnyment for aUstract fees, riLt.orney fees (er.cept to th^ � tQ - '
<br />� .. �I extent prohiblted Dy lav+), costs, expenses, und other charges. � �, - tp � �
<br />� : �i (5) That Sn the event the Mortgagors fa11 to pay wl�en due anf taxes, lien,, �udgn?nts, or¢ssessm�nts, or C�S1 to . �� .,, �� �
<br /> � , maintaln Snsurance as herelnbefore provlded, or tn11 to pay rents, fees, or chnrgea under the Lerms o: any lease,
<br /> �� permit, 1lcense, or Prlvilege; or Mortga6ee is reUulred to tncur expen^es for abstrnct fees, attorney fees, co>ts,
<br />� j� expenses,and other char_r,es Sn connecW on wltt� 11LSgation, MorLgaPee may make such p�ynant orprovLAe sur.h St�sur:ince, �
<br />� � '� or Sncur �uch obligatlon, and the nmounts pald th�r•etor shall become a part ot the 1nd?btedness secured heraby due
<br />,, - � and payzble ltmnedSate�Y, flnd shall bear Interest lrom the date of payment at the same r¢te ns provlded tor dc,eult
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<br />,� , �� in the nate. ; �
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