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<br />� 78 _U00233�, ''
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<br /> ^ REAL ESTATE �IORTGAGE FORM FlB zoe (Rcw. i—» =I
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<br /> � � flate Januarv 10, �1978 �� '�
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<br />+ Louis R. Engel and Joyce N. Engel, husband and wife � I
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<br />, . Mortgagors.
<br /> ot Hall County, Nebraska , ln conslderation of
<br />� the advance of the princlDal sum recited in the note hereSnaSter tlescribed.recelpt of which Ss 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 ��
<br /> i is Farm Credit Building, Omaha, Nebraska 68100, y,
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<br />� Hortgagee (sub�ect to oil, gas, and mineral rights owned Uy parties other than Hortgagors• existing easements of �i � � . .
<br /> record; reservations Sn United Staces and State pacents;and the rights of the public in all highways), thefollowing- j�
<br /> Cescrlbed real estate in Hall County, Nebraska , f�
<br />� SEC. TWP. R0. ��
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<br /> � S�SW'-4; and the South 28 feet of the NE'�SW'-� - - - - - - - - 14 9N 10 W 6th P.N.. +�
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<br /> contalning 80.85 acres, more or less, together with a11 of the rlght, Litle, anA Snterest ( .
<br /> (now owneQOrhereafter acqulreG) ofthe Mortgagors ln said property, 1nc1uQing a11 buildings, Smprovements,Sixtures,
<br /> or appurtenances thereon or hereatter placed thereon; sll water, lrrigatlon, and drainage rlghts; the tenements, � .
<br /> hereditaments, and appurtensnces thereto anC the rents, Sssues, crops, antl profits arising from sald lands; and (Sf 1
<br /> the Mortgagors� rlghts in the publlc domriin are requlretl by Mortgugee for ser.urlty purposes) all leases, permlts, � :. �:
<br />- 1lcenses, orprivileges, appurtenant or nonappurtenant to said mortgagetl premises,now or hereatter Sssued, extended, i� � . . .'�
<br /> or renewed to the Mortgagors by the United States or the state in which the above-descrlbed property is located or .
<br />� aqy department, bureau, or agency thereof. ��
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<br /> Th1s mortp,age Ss qLven Lo secure n promissory note of even Qate herewlth, executed by Mortgagors to Mortgagee, in "� .
<br /> EIGHTY-FIVE TIiOUSAND TWO HUNDRED AND NO/100 - t� '
<br /> the principal sum of - - - - - - - DOLLARS, �� �, -
<br /> ` p�yable wlth lnterest accordlnq r,o the terms of sald note, trie flnal paYment being due and payable on the Slrst day '. . �
<br /> of January, 2007 . �m3s r.onve �tnr.e shall be void uDon the I � � �
<br /> y. p[�yment of sald pr'omissory note. },
<br /> Tbis mortgage Ss subJect to the provisions oI THE FARM CHEDIT ACT and all acts amendatory thereoi or supplemental � .
<br /> thereto. The proceeds oI the loan secu^ed hereby w111 be useQ for the purposes speclfied in the Hortgagors� aypli- � � �
<br /> � cation for said loan and suthorizeC by said Act. � �
<br /> � 74ie Hortgagors, end each of them, hereby warrant that they are fee owners of Lhe mortgaged real praperty: that they .i
<br /> w111 Gefend the tltle against all claimants whomsoever, and that sald Droperty is free trom all encumbrances; that ;i
<br /> they will keep sll the improvements, fixtures, and appurtenances occupied and in good repair and permit no acts of ii
<br /> waste• and they will relinquish all rights of homestead in said premises,and covenant and agree with the Mortgagee, �. �
<br /> as iollows: I � � �
<br /> I� (1)- That Lhey w111 pay when due all taxes, llens, �udgments, or assessments whlch may be lawfully assessea agalnst � �� . �
<br /> the property hereln mortgaged. :4
<br /> � (2) That they�will Snsure anG keep Insured bulldings or other Smprovements now on or which may hereaiter be placed li
<br />� . � on saiG premises to the satlsfactlon of the Hortgagee, such insurance Dolicy shall be endorsed wlth a mortgage clause 1j
<br /> wlth Lhe loss thereunder to be p�ya�le to the Mortgagee. Any sums receSved may be used to pay for recanstruction !�
<br /> oi the GestroyeC improvements; or, Sf not so aDDlied, may, at the oDtion of the Mortgagee, be apD11eQ Sn payment of
<br /> � acyy SndeDtedness, matured or unmaCureti, secured by this mortgage. �i .
<br /> (3). 1b PaY all rents, iees, or charges now due or to become �ue ur+de; the Le:ms oi each lease. ;,ernit, license, or
<br /> � Drivllege an the Dubllc domain which is appurtenanc or nonaDPurtenant to the mortgaged premises, which has been kj .. �
<br /> issued,extendeG,or renewed by the United States or the state in whlch the above-described proDerty 1s located: and �
<br /> �to Dertorm anQ observe every act, covenant, conditlon, and�stlDulatlon necessary to keep each oi the same in good �i .- �
<br /> standing; anC to take every necessary step to secure the reissue, renewai, or extension of each of the same: and to •i � ���
<br /> asaign,�waive, pledge, or endorse�to the.Mortgagee each iease, permlt, license, or Drivilege Sf T7ortgagors� rights � � �
<br /> Sn public Gomain are required by Hortgagee for security purposes. {� �� "�'=�� ��� �r ���,.j
<br /> (a) That Sn tfle�event�the Hortgagee Ss a party tu eny 11ESgatlon affecting the securlty or the lien of its mort- t� �� f
<br /> � �gage, SncluCing:aqy snit by the�Hortgagee ta ioreclose Lh1s mortgage or aqy suit in�which the Mortgagee may ba nameA ' I �
<br /> a.yerty Gefendant in which SC Ys. ahilgated to�Drotect its rights or 11en, including condemnatSon anC bankruptcy �i � v ��
<br /> �. proceedings, the-Hortgagee may�iacur exyenses.and advance DaYment for abstract faes, attorney Sees (except Lo tAe �� � �� i,, ,
<br /> -�e.xtEnt:Drnhiblted Dy..law), costs�,:expenses�,�and other charges_ � . . ,
<br /> �.(5) �That in the�event the Hortge.gors fall to�pay when due any taxes, 11ens, �udgments, or assessments, or Sa11 to �", � � . . ��`�' � �`
<br /> -malntain insurance as herelnbefore DrovideQ, or Sa11 to Dey rents.�fees, ac enar6es unQer the zerms of aqy lease. � � ;...���: .
<br /> :��permit, license, or�privilege; or Mortgagee is requlreC to incur e�cpen:�es for abstract [ees, attorney fees, costs, ji ' ....
<br /> .exyenses,and otner charges in connectlon�with litlgatlon, Hortgsgee moy make such payment orDrovlde such Snsurance, �
<br /> s or�incuc such��ob21gat1on;�and��the�emounts�pald therefor�shall become a part o2 the Sndebtedness secured hereby due o-1 � . �
<br /> �:ead peyable Smoedlate�y�, and ffiiell�bear interesc 2t�om the date of p�yment at the same rate as provided tor Ae2ault �-
<br /> �in��the��note�.��� � . . . � - . .. . .. . ..
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