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C baryl Baxter and Sallie 0. Baxter (also:known as Sallie Baxter), husband and wife.
<br />Mortgagors
<br />of Hall County, Nebraska in consideration of
<br />the advance of, the principal sum recited in -the note hereinafter described, receipt of tiihich is acknowiedged, nereby
<br />mortgage and`convey to
<br />THE FEDERAL LAND BANK OF 0MAHA, 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. TWP. RG. '
<br />NW14 (except the West 18.7 feet of the North 465.88 feet;
<br />and except tract conveyed by deed recorded.in Book 151,
<br />Page 110) - - - - - - - - - - - - - - - - - - - - - -.- -3
<br />NzNE14 - - - - - - - - - - - - - - - - - - - - - - - - - 4
<br />All - in. _-..----------------- - - - - -- 11N
<br />10 W 6th P.M:
<br />containing 237.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 Pfortgagorst rights 1n 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 orhereafter issued, extended, or renewed 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 rrnumv_TWO THOUSAND FIVE HUNDRED AND N0/100 — — — — —
<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 Tann arm, 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 />th?reto. The proceeds of the loan secured hereby will be.used for the purposes specified in the Mortgagorst appli-
<br />cation for said loan and authorized by said Act.
<br />The Mortgagors, and each of them, hereby warrant that they are fee otters 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.wlll relinquish all rights of homestead In said premises, and covenant and agree with the Mortgagee, '.
<br />as follows:
<br />(1) That they will pay r+hen 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 option.of the Mortgagee, be applied .in payment of
<br />any indebtedness, matured or unmatured, secured by this mortgage.
<br />he terms of each
<br />or
<br />privilege on the puball licees, or domain which is es now
<br />ppurtenant orcome due under nonappurtenanttto the mortgagedlpremisesI,mwhi h has ben '
<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 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 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 />maintaln'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 or ten percent per annum.
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