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<br /> j� __ REAL ESTATE MORTGAGE_�_.______._______._FoaM F�s zoe Leev_._ i-��)_ ��
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<br /> �` �8�U0�04'73 �
<br /> pate January 18, 1978 �`
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<br /> Paul A. Quisenberry (also known as Paul A. Quisenberry, Jr.) and Minnie K. ��
<br /> Quisenberry, husband and wife
<br /> , Mortgagors, �]
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<br /> � ot Hall �o�ty Nebraska ' , in conslderation of �i
<br /> � the advance of the yrinclpal sum recited in Lhe note hereinafter described,receipt of which 1s acknowleclgeA, hereby �� �
<br /> �� mortgage ana convey to y
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<br /> 1� THE FEDERAL LAND BANK OF OMAMA, a Corporation,
<br />� ji of Omaha, Douglas County, Nebreska, whose address ;�
<br /> �� is Farm Credit Building, Omaha, Nebraska 68t00, +�
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<br /> i� Hortgagee (sublect to oll, gas, and mineral rights owned by parties other than Mortgagors• existing easements of : �
<br /> '! record; reservatlons in United States and State patents:anG the rights of the public Sn all hlghways),thefollowing- �} i�
<br /> ?� Hall Nebraska �` •
<br /> described real estate in County, ii .
<br /> " SEC. TMP. R8. i!
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<br /> 3� N'-gNW'�; and SW'-�NF}t - - - - - - - - - - - - - - - - - - - - - 2 lON 11 W 6th P.M. '�
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<br /> �: containinE 122.55 acres, more or less, togecher with ali oS the rlght, tltle, and interest I.
<br /> ij (now ownedorhereafter acquired)otthe Hortgagors 1n sald propercy, lncluding all buildings, improvements, flxtures, �, .
<br /> �I or appurtenances thereon or hereafter placed thereon: all water, irrigation, and drainage rights• the tenements, �
<br />� �� heredltnments, an0 appurtenancea chereto and the rents, Sssues, croys, anA proflts arising from said lands; and (1f �� .
<br /> the MorLgagors� rights in the pvblic domaln are requlreA by Mortgagee for security purposes) all leases, permits,
<br /> licenses,orprivileges, appurtenant or nonappurtenant to said mortp�ged Dremises,nowor hereafter issued, axtended, .
<br />� I or renewed to the hlortgaBors by the United States or che stace in which the above-described property is located or �;
<br /> I any department, b�reau, or agency thereof. �4
<br /> � Th1s mort
<br />� r� gage ls p,lven to seCUTe n prOmissOry nOte of even date herewlth, e%ecuted Dy MOrLgagOtS t0 MOrtgagee, Sn � � �
<br /> ��� ONE HUNDRED SZX THOUSAND FOUR HUNDRED AND NO/100 - - - - - -
<br /> the princlpal sum of DOLLARS, �� . � �
<br /> �� pqyable wlth interest nccordlnq r,o Lhe Lerms af sald note, the final pqyment being due and payable on the flrst dqy � �
<br /> !' of March. 1998 . m�is r,onve snr.e shall Oe vold u on the i . .
<br /> Y, p Payment ot said promisso i'
<br /> ry note.
<br /> 1l' Th1s mortgage is subJect to the provlsions of THE FARM C4EDIT ACT and all acts amendatory thereof or supplemental � � � �
<br /> t thereto. The proceeds of the loan secured hereDy w111 be used for the purposes specified Sn the Mortgagors� appli- � � �
<br /> � cation for said loan and auLhorized by saSG Act_ i � � �
<br /> � The Mortgagors, and each of chem, hereby warrant that they are fee owners of the mortgaged reai property; that they . ��
<br /> will defend tY.e tltle against all clalmants whomsoever, and that sald Droperty Ss free Srom ail encumbrances; that ' �
<br /> � they will keep all the improvements, fixtures, anC appurtenances occupied and in good repair and permlt no acts of i �. �
<br /> �� waste• and they will relinquSsh all rights of homestead Sn sald premises,and covenant anC agree with tne Mortgagee, �� �
<br /> '� as follows: ;., � . � �
<br /> (i) That they w111 pay when due all taxes, liens, �utlgments, or assessments which may be lawfully assessed against �;
<br /> � the property herein mortgaged. � � � .
<br />- �� (2) That they w111 Snsure and }ceep insured bullQings or other improvements now on or whlch may hereafter be placed �j . � � �
<br /> �� on sa1G premises to Lhe satlsfactlon of the Mortgagee,such insurance pollcy shall be endarsed with a mortgage clause � . .
<br /> with the loss thereunder to be payable to the Mortgagee. Aqy sums received may be useA to pqy for reconstruction � . �
<br /> � of Lhe Qestroyed SmDrovements; or, if not so applied, may, at the option oi Lhe Mortgagee, be aDylied in payment af
<br /> any indebtedness, matured or unmatured, secureG by thls mortgage.
<br /> k� (3) To pqy all rents, fees, or charges now due or to become due under the [erms of each lease, permit, 1lcense, or ��� � � �
<br /> privllege on the puDilc domain which is appurtenant or nonappurtenant to the mortgaged premises, whSch has Deen .� �
<br /> lssued,extended,or renewed�by the UniteQ StaCes ar the state Sn whlch the above-descrlbe0 Droperty Ss located; and �j . �..
<br /> to perSorm and observe every act, covenant, condition, and stipulatlon necessary to heeD each of the same in good ji � �
<br /> St8[ldlilg; BtIG LO CBkB every necessary steD CO S9CU7'e th2 tB1sSUE, renewal, oI' BXtEn310n of BBCh Of thC sBmB; Blld t0 � �
<br /> assign, walve, pledge, or endorsa to the Mortgagee each�lease, permlt, license, or prlvilege Sf Mortgagors� rights �i
<br /> Sn publle domaln are requlreG by Mortgagee for securlty purposes_ �- ��'�
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<br />� �i` (a) That ln the event the Mortgagee is.e Darty tu any i1tlgation affecting the securSty or the 11en of Sts mort- �� �
<br /> . �� gage, Sncluding.�aqy suit by Lhe Mortgagee to foreclose this mortgage or any suit in whSch the Mortgagee may De named �I �
<br /> a party�IIefenaant Sn which St is obilgated to protect Sts rights or lien. SncluQing condemnation anG bankruptcy .i 4i
<br /> . yraceeQings, the Martgagae may Sncur e�cyenses and advance pqyment for abstract fees, attorney fees (except to the j: � "
<br /> 1 eztent prohlbited�by 1aw),�costs, exyenses, anC other charges. .: . } Y
<br /> {�.,� (5)��That in the event the Mortgagors fail to Day when Aue any ta�[es, llens, �udgments, or assessments, or fall to Ii ° ",5,� �
<br /> 4 �eintaln insurance as hereinbefore Drovlded, or Iail to pay rents, tees, or charges unQer the terms of aqy lease, �� ���.y�ye
<br /> P pei�mit, llcense, or Drivilage: or Mortgagee is requlred to incur expenses Ior aDstracc Zees, attorney fees, costs,
<br /> �f exDenses,and other charges in connectlon with 11t1gatlon, Mortgagee may make such pnyment or provl0e sur,h Snsurance,
<br /> � or incur such obllgatian, anG the�amounts DaSG trierefor shall Decome a part of the Sndebtedness secure� hereDy Gue
<br /> end payable.immedlate�j+, anA sha11 Dear�.interest Srom the date of payment at the same rate as provided for default
<br /> � ln the note.
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