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REAL ESTATE MORTGAGE FOgrr FLp- 208 (6-72)
<br />009t�irj Date August 28. 1975
<br />i
<br />Richard F. Barber, Jr. and Thelma F. Barber, husband'and wife
<br />-Mortgagors,:
<br />of HallCounty, Nebraska in consideration or
<br />the advance of..the principal sum•reclted in'the note hereinafter described, receipt of N+hIch is acknowledged, hereby
<br />mortgage and•eonvey to
<br />THE FEDERAL LAND BANK OF OMAHA, a Corporation,
<br />of Omaha, Douglas County, Nebraska, vihose address
<br />is Farm Cred'i.t 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 highvrays), thefollovring
<br />described real estate in Hall County, . Nebraska
<br />SEC.. TWP. RG.
<br />containing X80 acres, more or less, together vrith all of tY}e 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't•tortgagors, 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 sal¢ mortgaged premises, nov+ or hereafter issued, extended, or renevred 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 mortgagd�is given to secure a promissory note of even date herevrith; executed by Mortgagors to Mortgagee, in:
<br />the principal. sum of FORTY-TWO THOUSAND SIX HUNDRED AND NOZ7100 - - - - - - - - - - - -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 , 20Q41 This conveyance shall be void upon the payment of said.
<br />promissory note.
<br />This mortgage is subject to the provislonslof 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 Mor.tgagorst 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 vihomsoever, and that said property is free from all encumbrances; that;
<br />they v+ill 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 oath the Mortgagee,.
<br />as follows:
<br />(1) That they Trill pay v+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 v+hich 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 />(3) To pay all rents, fees, or charges nov+ due or to become due under the terms of each lease, permit, license, or*
<br />privilege on the public domain ;vhich is appurtenant or nonappurtenant.,to the mortgaged premises, vihich has been
<br />Issued, extended, or renevred by the United States or the state In.v+hich the above-described property .is located: and
<br />to perform and observe every act, covenant, condition, and•stipulatlon necessary to keep each of the same In good
<br />standing; and to take every necessary step to secure the reissue, renevial, or extension of each of the same; and to
<br />assign, viaive, 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 condemnatlon•and bankruptcy
<br />proceedings, -the Mortgagee may incur expenses and advance payment for abstract fees, attorney fees.(except to the
<br />extent prohibited by lavr), costs, expenses,:and other charges.
<br />(5) That in Uhe event the Mortgagors fail to pay when due any taxes,--ilens, judgments, or assessments, or fall to
<br />maintain insurance as hereinbefore provided',:or fail 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.Tees, attorney fees, costs,
<br />expenses, and,dther charges In connection vtlth 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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