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<br />REAL ESTATE MORTGAGE
<br />
<br />KNOW ALL MEN BY THESE PRESENT:
<br />
<br />IS, So
<br />THAT DANA D TOMPKIN AND JENNETTE S TOMPKIN of HALL County, Nebraska, in
<br />consideration of the sum of $16.600.00 and in consideration of future advances made by the Mortgagee to
<br />Mortgagors or any of them up to the amount of$16.600.00 as hereinafter described, hereby mortgages and conveys
<br />to EVERETT WHITE of Merna, Nebraska, Mortgagee, the following described real estate in HALL County,
<br />Nebraska:
<br />
<br />LOT ONE, BROOKS SUBDIVISION, JACKSON TOWNSHIP, HALL COUNTY, WOOD RIVER
<br />NEBRASKA
<br />
<br />together with all ofthe right, title and interest ofthe Mortgagors, in said property now owned or hereafter acquired,
<br />and including all buildings and improvements now on, or hereafter placed upon, said real property; including also all
<br />water, irrigation, and drainage rights.
<br />This Mortgage is given to secure:
<br />A) A Promissory Note dated the 19TH day of MAY. 2006. given by DANA D
<br />TOMPKIN AND JENNETTE S TOMPKIN to Everett White, in the principal sum
<br />of $16.600.00, payable with interest according to the terms of said Note and any
<br />instruments taken in refinancing, extending, or renewing said indebtedness or any
<br />part thereof;
<br />This mortgage to be void upon the payment in full with interest of all obligations, present or future, secured
<br />or to be secured hereby.
<br />The Mortgagors, and each of them, hereby warrant that they are fee owners of the mortgaged real property;
<br />that they will defend the title against all claimants whomsoever, and that said property is free from all
<br />encumbrances; and they relinquish all rights of homestead and dower in said premises, and covenant and agree with
<br />the Mortgagee as follows:
<br />1) To pay when due all taxes, liens, judgments, or assessments which may be lawfully assessed against the
<br />property herein mortgaged, and the rental charges upon any leases assigned as additional security for this mortgage.
<br />2) To insure and keep insured buildings and other improvements now on or which may hereafter be placed
<br />on said premises for their full replacement value. Any policy evidencing such insurance shall be endorsed with a
<br />mortgage clause, approved by and in favor of Mortgagee, and deposited with, loss thereunder to be payable to,
<br />Mortgagee as its interest may appear. The Mortgagors shall not cancel or modify said insurance without prior
<br />written notice to the Mortgagee. At the option of the Mortgagors, sums so received by Mortgagee may be used to
<br />pay for reconstruction of the destroyed improvements; or, ifnot so applied, may, at the option of the Mortgagee, be
<br />applied in payment of any indebtedness, matured or unmatured secured by this mortgage.
<br />3) To keep all buildings occupied and in good repair, and to refrain from the commission of any acts of
<br />removal, demolition or impairment thereof; not to cut or remove, or permit to be cut or removed, any wood or
<br />timber from said real property, and io commit or permit no waste or impairment of the value of this security; to
<br />continuously practice approved methods of farming on said lands, to prevent erosion and the spread of noxious and
<br />damaging weeds, and to preserve the fertility of the soil.
<br />4) That in the event Mortgagors fail to pay when due any taxes, rental charges upon any leases assigned as
<br />additional security for this mortgage, liens, judgments, or assessments lawfully assessed against the property herein
<br />mortgaged, or fail to maintain insurance as hereinbefore provided, Mortgagee may make such payment or provide
<br />such insurance, and the amounts paid therefore shall become a part of the indebtedness secured hereby, due and
<br />payable immediately, and shall bear interest at the Note rate.
<br />5) That in the event Mortgagors default in the payment of said principal sum, or in the repayment of any
<br />additional advances made as herein provided, or of any interest thereon, at the time when the same shall be due, or
<br />with respect to any covenant or condition hereof, then, at the option of Mortgagee, the entire indebtedness secured
<br />
<br />initials:
<br />
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