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-REAL ESTATE MORTGAGE' FORh FLB 208 (6-72)
<br />009952 September -2,5,-1975 :�4,
<br />ok
<br />Robert'G: Moffett and Deniece R.' Moffett, husband and,.wife
<br />Mortgagors,
<br />df Hall
<br />Coun ty Nebraska In.consideration of
<br />the advance of the principal'sum,recited In the'note hereinafter des6ribed, recelpt of i,!hIch Is ackno I wiedged, hereby
<br />mortgage 'and convey to
<br />THE FEDERAL LAND BANK.OF Ot.1AHA,.a Co rpo rat i on,
<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; rese rvations In United States and Stat e patents; and the rights of the public in -all highways), the follo,.,;Ing-
<br />described real estate In— Hall —County, Nebraska
<br />SEC. TWP. RG.
<br />S14-14S14k; and W-12SEkSW-14! - - - - - - 1 15 1ON 11 W 6th P.M.
<br />containing 60
<br />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; Chetenements� hereditaments, and appurtenances thereto and the
<br />rents, Issues, crops, and profits arising from said lands; and (I'f the Mortgagorst 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 Mortgagorq by the United.
<br />States or the state In which:tbe 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 mortg4gors to Mortgagee, In
<br />the principal sum of TWENTY-SIX_THOUSAND SIX IRJNDRED AND N0�100 DOLLARS,
<br />payable I In Installments with'Interest acco I rding to the terms of sald.note, the last Installment beln4g due and pay-
<br />able on the first day of April, 2004
<br />promissory note. This.conveyance shall be void upon the payment of said
<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 Mortgagors, 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 Prop6rty; 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, llens, 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 I which may hereafter be placed
<br />�on said premises to the satisfaction of 'the Mortgagee, suchInsurance 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 now, due or to become due under the terms of each lease, permit, license, or
<br />'privilege on the public domain which Is appurt.enant 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'stlpulatlon 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 />.asslgn, walve, 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 Jlo�rtgagee Is.a party to any lltlga'tlon affecting' the I security or the lien of its mort-
<br />gage, Including any suit by the Mortgagee toforeclose 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 (excdpt to the
<br />-extent prohl.bited 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 assessmeq . t - s, , " 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 orprovide such Insurance,
<br />.or Incur such obligation, and the amounts paid therefor 'Shall become a part of the Indebtedness-secuTed hereby due
<br />and payable�lmmedlately, and'shall bear Interest from the'date of payment at the rate of ten percent'per annum.
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