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'REAL ESTATE MORTG4 E it 'FLB 208 (6-72)
<br />F 0 R. I
<br />aw
<br />iNovember 121, 1975
<br />James H. Oliver (also known as James Harlan Oliver)[and Shlrle� 3.ver,:
<br />J. 01"
<br />z
<br />husband and wif e Mortgpgors
<br />o*f Hall County. Nebra,sl
<br />In con sIderatl on of
<br />the advance of the principal slim recited In the note hereinait , er desc, ibed, rec6t of rihich Is ackn6r.,ledged, hereby
<br />mortgage and convey to
<br />THE FEDERAL LAND BANK OF 014AHA, a lo rpo ra on,
<br />of Omaha, Douglas County, Nebraska,� hose address
<br />is Farm Credi Building, Omaha, Neb
<br />aska 68100,
<br />Mortgragee (subject to oil, gas, and m1neral ights ot%,ned by parties pther than 1-Iort'gagors; existli I ig 6asemeims of
<br />record; reservations in United States and State patents; and the rights lie I�n all highways), the followIng-
<br />described real estate In Hall county, �o' lNe ebu� a s k at
<br />SEC.! J111P. RG.�
<br />W-14 (except 28.421 acres, more or' less, described oll.
<br />plat recorded in Miscellaneous Records W-1, Page 27
<br />and except public road right of -way described in B6)k
<br />14, Page 245) - - - - - - - - - --- - - - - - - - - - --- 27 1ON 1 ;W 6th P.M.
<br />containing' 131.579
<br />-acqes, more or less, togeth r t%,! th Eill o he right, title, and Interest
<br />(noi.-., oi-med or hereafter acquired) of the- mortgaC,;ors In Lding all b, I il
<br />salO property 11 dings and lmp�.ovements placed
<br />thereon; all water, Irrigation, and drainage i�llghts; the tenements, (ditaments. and:appurtenances thereto and the
<br />rents, Issues, crops, and Profits arising from said lands; arid (if 1�e Mortgar
<br />-tortgagee for security purposes) 11 leases,-permlts, licel ses, or 7),Ivildges, appurten�n� or nonappur-
<br />reQuIred by I g6rs, rl'ghts In the public domain are
<br />tenant to said mortgaged promises, not,., or het!eafter issued, extended'
<br />I I or renel,.,?d tolthe t�ortgagors.by the United -
<br />States or the state In Which. I the above--descrited property Is located 9: any depa tmenil, bureau, or agency thereof.
<br />This mortgage Is given to secure a promissory note of ev
<br />en date herei,; th, executed b.,� mortgagors tp: Mortgagee, In
<br />the principal slim of QN17 HiJNDBED. SIX THOUSAND FOUR HUORED AND N011100
<br />payable In Installments t.rlth Interest accordl g to the terms of said �n )te, the.last DOLLARS,
<br />Iiistaliment being due and pay-
<br />able on the first day of-.. Decembpr, I QQ9
<br />Tills con,%.,( ance shall be ;vold upon the ayment of
<br />Promiss6ry note. P said
<br />This mortgage is subject to the provisions Of�THE FAR;-� CREDIT ACT and -'Il acts: menditory thereof 9r.supplemental
<br />thereto. Tile -proceeds of the loan secured hereby will be used for the purposes; Specified In the lior�tgagorsf apoll-
<br />catlon for said loan and authorized by S81d Act.
<br />The Mortgagors, and each of them, hereby ;,;arralit that they are fee ot'.'n q s of the mortg aged real property; that they
<br />will defend the title against all claimants w1lomsoever, and that said roperty:ls free from all enclimbrances; that
<br />.they will keep all the Improvements, fIxtures,land appurtenances occupil ad and lij good:repalr and permit no acts of
<br />waste; and they t;Ill relinquish all rights of homestead In said premise and co�nant �r.nd agree V.'Itl� the'Mortgagee,
<br />as follot-,,s:
<br />(1) That they will pay 1,Qien:,due all taxes, ilins, judgments, or assessnents i,ililch may� be larifully assessed against
<br />the property herein mortgaged.
<br />(2) That they will Insure and keep Insured buildings or other Improvempnts now: ( n or i,,hich may hereafter be placed
<br />on said premises to the satisfaction of the Mortgagee such Insurance polilcy shall be endorsed with a mortgage clause
<br />thereunder to be payable
<br />V -11th tile 1 oss to the 11:16rtg�gee. Any sums recIblved may be used to pay for , econstruction
<br />of the destroyed lmprovemelit�-; or, If not*so al�pllod, V
<br />.any indebtedness, matured or:'urimatured, secured by may, at the optl oi 'i of the',Iortga "lee, be applie ; hrin payment of
<br />this mortgage.
<br />(3) To pay all 'rents, fees,;or charges now due or to become due unde� :he terms of *'h lease, permit, license, or
<br />privilege on the public domdIn '.',hich-Is appurtenant or nonappurtenan to the m)rtgaged premises, which has been
<br />Issued, extended, or rene-wed by the United Statfis or the state In which lie above-described property is located: and
<br />to perform and observe every act, covenant, coficlition, and stipulation iecessary to kdep each of the same In good
<br />standing; and to take every necessary step to �ecu�e tile reissue, rcnet,qti,,,or extension of each of thesame; and to
<br />assign, waive, pledge, or endorse to the I-Jortgangee each lease, permit' llcense,� or. prl:vilege If f-lortgagorst rights
<br />.In public domain are required by Mortgagee for security pUrposes.
<br />(4) That In the -event th
<br />e Mortgagee Is.a party to any litigation affe tl.g the' sectiril;y or the lien of Its mort-
<br />gage, Including any Suit by the Mortgagee to foreclose this mortgage Iny su I t I I n which the Mortgagee may be named
<br />a party defendant In r.,hich It Is obligated tolprotect Its r
<br />rights or,11ten, lncludlng�condemnatlon and bankruptcy
<br />proceedings, the Mortgagee may Incur expenses 11iind advance payment for� attorney fees '(kcebt to the
<br />�e.vtent prohl-bited by law), costs, expenses, and other c
<br />harges..
<br />(5) That In the event the m6rtgagors fall to *Play when due any taxes, Jillens, jud vieilus�, or assessments, or fall to
<br />I -
<br />maintain. Insurance as hereinbefore provided, or fall to pay rents, fee: �,' 01' C ar�j 6der the terms of. any lease,
<br />.permit, license, or privilege; or Nortgagee IsIrequired to Incur expens s for ab
<br />expenses, and other charges stractifees, attorn6y fees, costs,
<br />In connection �,,,Ith lItIgation, mortgagee may make such payme I nt orprovide !.uch Insurance,
<br />or Incur such obligation, and the amounts pald1therefor shall become Indebtedness secured hereby due
<br />and payable Immedlately, and :shall bear Interest from the date of payr
<br />a t
<br />nelj�'�lat Otfha�T�ate of ten percent:per annum.
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