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containing 79.6 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 v,ater,,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 renewed to the Mortgagors by the United
<br />States or the state A n 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 herevilth, executed by, Mortgagors to Mortgagee, in.
<br />the principal sum of TWELVE THOUSAND :.I =HT HUNDRED AND :N0/100 - - - - - - - - - - DOLLARS,
<br />payable in installments v,ith interest according to the terms of said note, the last installment being due and pay-
<br />able on the first day of Novembpr, 8004 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 Mortgagorsi appli-
<br />catlon for said Than 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, fixtuees.,'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 now 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 />with 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 .optiori•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, �;alve,,pledge,'or endorse to the Mortgagee each lease, permit,•license, or.privilege if Mortgagors, rights.
<br />In public domain are required by Mortgagee for security purposes.
<br />(4) That in the event the Mortgagee is.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 fall 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 v,Ith litigation, MUrtgagee 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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<br />REAL ESTATE MORTGAGE' FORM FLB 206 (6-72)
<br />Date. July 31,•1975
<br />MICROFILMED
<br />Glenn B. Schimmer and•Heleri E.'Schimmer, husband and wife'.
<br />Mortgagors,
<br />of Hall County, Nebraska in consideration or
<br />the advance of 'the principal sum -recited in the note hereinafter described, receipt of which Is acknowledged, hereby
<br />mortgage and convey to
<br />THE'FEDERAL LAND BANK OF OMAHA, 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 highv,ays), the following -
<br />described real estate In Hall County, Nebraska
<br />SEC. TWP. RG.
<br />WZNW14 (except therefrom that part thereof conveyed to
<br />the State of`.Nebraska, as shown by. Deed recorded in Book
<br />,71 at Page 243 of the Deed Records of Hall County,
<br />Nebraska, and also, excepting therefrom that part
<br />thereof conveyed to Otto Schimmer.by Warranty Deed
<br />recorded in.Book 73 at Page 582 of.the Deed Records ,
<br />of Hall County, Nebraska)..--- - - .— — — — — - - — — — — 35 11N 9 W 6th P.M.
<br />containing 79.6 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 v,ater,,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 renewed to the Mortgagors by the United
<br />States or the state A n 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 herevilth, executed by, Mortgagors to Mortgagee, in.
<br />the principal sum of TWELVE THOUSAND :.I =HT HUNDRED AND :N0/100 - - - - - - - - - - DOLLARS,
<br />payable in installments v,ith interest according to the terms of said note, the last installment being due and pay-
<br />able on the first day of Novembpr, 8004 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 Mortgagorsi appli-
<br />catlon for said Than 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, fixtuees.,'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 now 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 />with 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 .optiori•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, �;alve,,pledge,'or endorse to the Mortgagee each lease, permit,•license, or.privilege if Mortgagors, rights.
<br />In public domain are required by Mortgagee for security purposes.
<br />(4) That in the event the Mortgagee is.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 fall 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 v,Ith litigation, MUrtgagee 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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