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REAL ESTATE ,MORTGAGE FORM-11FLs 208. (6-a2)
<br />Date February 19., '1975
<br />M n• Hnctot1Ar.) _ single
<br />Mortgagors,
<br />of Hall County. Nebraska in consideration of
<br />the advance of the principal sum•reclted in the 'note hereinafter described, receipt of which is acknowledged, hereby
<br />mortgage and convey to
<br />THE FEDERAL LAND BANK OF Oi•IAHA, a Corporation,
<br />of Omaha, Douglas County, Nebraska, whose address
<br />is Farm Credit Building, Omaha, Nebraska 68100,
<br />Mortgagee (subject to oil, gas, and -mineral rights owned by parties other than Mortgagors: existing easements of
<br />record; reservations in United States and State patents; and the rights of the public in all highways), the following -
<br />described real' estate in Hall County, Nebraska
<br />SEC. TMP. RG.
<br />NWS NGk - - - - - - - - - - - - - - - - - - - - - 28 12N 11 W 6th 'P.M.
<br />containing 40 acres, more or less, together with -all of the right, title, and interest
<br />(now owned or hereafter acquired)of the Mortgagors in said property, including all buildings and improvements placed
<br />thereon; all water, irrigation, and drainage rights; the tenements, hereditaments, and appurtenances thereto and the
<br />rents, issues, crops, and profits arising from said lands; and (if the Mortgagors) rights in the public domain are
<br />required by Mortgagee for security purposes) all leases, permits, licenses, or privileges, appurtenant or nonappur-
<br />tenant to said mortgaged premises, now or hereafter issued, extended, or renevied.to the Mortgagors by the United
<br />States or the state In which the above-described property is located or any department, bureau, or agency thereof.
<br />This mortgage is given to secure a promissory note of even date herewith, executed by Mortgagors to Mortgagee, in
<br />the principal sum of THIRTY THOUSAND AND N01100 - - - - - - - - - - - - ------ - - - - DOLLARS,
<br />payable in installments with interest according to the terms of said note, the last installment being due and pay-
<br />able on the first day of March, 2004 This conveyance shall be void upon the payment of said
<br />promissory note.
<br />This mortgage is subject to the provisions of THE FARM CREDIT ACT and all acts amendatory thereof or supplemental
<br />thereto. The proceeds of the loan secured hereby will be used for the purposes specified in the Mortgagorsf appli-
<br />cation for said loan and authorized by said Act.
<br />The Mortgagors, and each of them, hereby warrant that they are fee owners of the mortgaged real property; that they
<br />will defend the title'against all claimants whomsoever, and that said property is free from all encumbrances; that
<br />they will keep all the Improvements, fixtures, and appurtenances occupied and in good repair and permit no acts of
<br />waste; and they will relinquish all rights of homestead in said premises, and covenant and agree with the Mortgagee,
<br />as follows:
<br />(1) That they will pay when due all taxes, liens, judgments, or assessments which may be lawfully assessed against
<br />the property herein mortgaged.
<br />(2) That they will insure and keep insured buildings or other improvements nog•+ on or which may hereafter be placed
<br />on said premises to the satisfaction of the Mortgagee, such insurance• policy shall be endorsed with a mortgage clause
<br />vilth the loss thereunder to be payable to the Mortgagee. Any sums received may be used to pay for reconstruction
<br />of the destroyed improvements; or, if not so applied, may, at the option of the Mortgagee, be applied in payment of
<br />any indebtedness, matured or unmatured, secured by this mortgage.
<br />(3) To pay all rents, fees, or charges now due or to become due under the terms of each lease, permit, license, or
<br />privilege on the public domain which is appurtenant or nonappurtenant to the mortgaged premises, which has been
<br />'Issued, extended, or renewed by the United States or the state in which the above-described property is located: and
<br />to perform and observe every act, covenant, condition, and stipulation necessary to keep each of the same in good
<br />standing; and to take every necessary step to secure the reissue, renewal, or extension of each of the same; and to
<br />assign, waive, pledge, or endorse to the Mortgagee each lease, permit, license, or.privilege if mortgagorst rights
<br />In public domain are required by Mortgagee for security purposes.
<br />(4) That in the event the Mortgagee ls.a party to any litigation affecting the security or the lien of Its mort-
<br />gage, including any suit by the Mortgagee to foreclose this mortgage or any suit in which the Mortgagee may be named
<br />a party defendant in which it is obligated to protect its rights or lien, including condemnation and bankruptcy,
<br />proceedings, the Mortgagee may incur expenses and advance payment for abstract fees, attorney fees (except to the
<br />extent prohibited by law), costs, expenses, and other charges.
<br />(5) That in the event the Mortgagors fail to pay when due any taxes, liens, judgments, or assessments, or fall to
<br />maintain insurance as hereinbefore provided, or fall to pay rents, fees, or charges under the terms of any lease,
<br />permit, license,- or privilege; or Mortgagee is required to incur expenses for abstract fees, attorney fees, costs,
<br />expenses, and other charges in connection with litigation, Mortgagee may make such payment or provide such insurance,
<br />or Incur such 'obligation, and the amounts paid therefor shall become a part of the indebtedness secured hereby due
<br />and payable Immediately, and shall bear interest from the date of payment at the rate of ten percent per annum.
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