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<br />tears ,o - -` REAL. - ESTATE MORTGAGE
<br />NEBRASKA
<br />(Open -End: To Secure Present and Future Obligations and Advances)
<br />Date June 19, 1965
<br />JERRY -LEE McAHREN and DARLENE ANN McAHREN, husband and wife, - - --
<br />Mortgage# {s),
<br />of hall------------------------- - - - - -- Nebraska ---- - - - - -- in
<br />of it* advance of the principal sum, plus advances for the purchase of cis= B stock andlor p-#c4 "ion
<br />C"W"C,Nes Of Ode Mortgagee as required by Mortgagee's t'ylaws and by determination by the Mortgagee's Board 01
<br />DireoNrs under said bylaws, Pursuant to federal law_' to support the outstanding indebtedness, recited in the note here -
<br />irieter described and" consideration Of future advances made by Mortgagee to Mors] -- y of them
<br />altar provided, hereby mortgages and conveys to---------- - - - - -- - -- rand Island
<br />Credit Association, whose ---------- - - - ---
<br />principal office is a -- - - -- Gran is an ftlebraska.
<br />Mortgagees, the following - described real property in H a I i -- ------- ---- -- Cpunty, Nebraska. subject to oil,
<br />gas, and mineral rights owned by parties other than Mortgagor(s); existing easements of record; reservations in United
<br />States and State patents; and the rights of the public in all highways:
<br />The Southeast Quarter of the Southeast Quarter (S£;SEa) of Section
<br />Twenty -Eight (25), Township Eleven (11) North, Range Ten (10), West of
<br />the Sixth (5th) P.M., in Hall County, Nebraska, EXCEPT for a tract of
<br />land deeded to John D. Vredeveld and Ann M. Vredeveld, husband and
<br />wife, in Survivorship Warranty Deed recorded as Document No. 79- 006590.
<br />containing 37 acres. more or less. according to Government survey: together with ail of the right, title, and
<br />interest of the Mortgagors) in said property now owned, or hereafter acquired. and including all buildings and improve -
<br />ments now on, or hereafter placed upon. said real property: including also ail water• irrigation. and drainage rights.
<br />This mortgage is given to secure:
<br />(a) A promissory note dated June?
<br />119
<br />principai start of FTFTV THO SANrt - , given by Martgagar(s) to Mortgagee, in the
<br />.00) -------- ------- - -- - -- --DOLLARS. pds advances for the purchase of Class s B stock
<br />Or participation certificates of the Mortgagee as required by Mort-
<br />gagee's bylaws and by detOrrr linshon by the Mortgagee s Bowd of Directors under said bylaws, pursuant n federal
<br />taw. to stPport tte outstmd4tg in . payable with interest according to the terms of said note and any instru-
<br />Morris taken m fefehancang, extending. Of seed indebtedriess
<br />(b) Any future adv or ate' by thereof; oner
<br />aneejs), with interest. which may be rraale from time to time try Mortgagee, at its option. to Mort-
<br />gagor(s), or any of them or their successrars in title, for way purpose, including. but not failed to. i initial and future
<br />sedrsnexs for the purchase of Glass 8 stack and, certificates of the Mortgagee as required by Mort-
<br />gagee's bylaws and by determination by the Mortgagee s Hoard 04 Directors under said bylaws, pursuant to federal
<br />taw. te support the Outstanding indebtedness. in any amount or _ t�znts, provided. however, that such future and
<br />adal ionel advarice(s) shelf be to limited that the total reel amounts outstanding at any one time shall not exceed
<br />the surrt of QNE HUNDRED TH( 13 _q N1) i c l ,J p J , --- ------- -- -- - - ---- DOLLARS.
<br />plus said advances for purchase of Glass B afoul or participation certificates of the Mortgagee; and provided further
<br />the future advatxe(s) so made stuff be payable in accordance with the terms Of a promissory note or notes which may
<br />be taken to evidence such advances) or any part thereof. (The Optional advancets) herein authorized shall be con-
<br />sidered additional to the advances) hereinafter authorized to be made by the Mortgagee for the protection of the
<br />security Or Mortgagee's interest therein.)
<br />This mortgage to be voaf upon the payment in tuft with interest of all obligations, present or future, secured or to be
<br />seerxsd hereby.
<br />The Mortgagor(s). and each of them. hereby warrants) that they are fee owners of the mortgaged real property; that
<br />they will defend the title against ail claimants whomsoever. and that said property is free from all encumbrances; and they
<br />rebroffinsh ail rights of homestead in said premises. and covenant and agree with the Mortgagee as follows:
<br />(l) To Pat' wtm dtte all taxes, liens. Judgments, of assessments which may be Lawfully assessed against the property
<br />hOMM mortgaged, and the rental charges upon any teases assigned as additional security for this mortgage.
<br />(2) To fe»ure and keep insured bus#dmgs and other improvements now on or which may hereafter be placed on said
<br />to tM Of the Mortgagee. Any policy evidencing such insurance shalt be endorsed with a mortgage
<br />ciwse, approved by and in favor Of Mo*I', and deposited with, loss thereunder to be payable lo. Mortgagee as its
<br />wadi nay appeal• Al the option of Mortgagor(s), and sutajetct 10 general regulations of the Farm GreditAdmimstration.
<br />o "d p
<br />reevsd by may be to pay fax reconstruction of the destroyed impxoverrnernl(s); or, if not so
<br />aPPt+escre . nay, a the option of Mortgagee. tae applied in payment of any indebtedness. matured or unmatured. secured
<br />by this mortgage.
<br />(3) To tae SN buildings Occupied and in good re$rair. and to retrain from the commission of any acts of removal, demo.
<br />Of not 40 cut Or remove or permit to be cut Or removed, any wood or timber from said real
<br />property. a� to commit or Permit r40 waste Of impairment of the value Of this security; to continuously practice
<br />SVPMW d of fuming on said tends. to prevent erosion and the spread of noxious and damaging weeds. and to
<br />t+e of the sell.
<br />(4) That in the event 110191101 4s) faiiIa pay when due any taxes. rental charges upon any leases assigned as addi-
<br />1at :fks . hens, judgments, of assessments lawful) assessed
<br />!�• u mss) te frraes,e as her tore pfovi�d, Mort y against leis property tiered, sort•
<br />Mortgagee may make such payment provide such
<br />and to s) or sMbf become a part of the indebtedness secured hereby, due and payable
<br />and ~ tree at 1140 current rate Ol the Mortgagee at the time the Mortgages
<br />(� That m mates such payment.
<br />(s) defoullisi in the payment of said principal sum. or in the repayment of any additional
<br />;) mall as herein Prevailed. of of any ,nest thereon. at the time when the same shall be due. of with respect
<br />te
<br />foreirvilho become "a say COVIM410111 Or , then. at the of Mortgagee. the entire indebtedness secured hereby shalt
<br />and Kid payabe, sfeati friar to feresl at the current rate Of the Mortgagee On the date of the defauit.
<br />Me mortgages may - marriedioatefy foreclotw this mOft~ Of pursue any other available legal frmady . in the event
<br />of array action by to "force cotlection Of fit* resort debt' the afar, a or s) a roe s) that any rx
<br />iraturred 4O IDf a or extends" atesfracl cwt tulle shall%. when paid by Mcutgag0r, Dieu mr a part z tgthe debt III uird hereby
<br />be paid by f49a0014s) 9 th with all of the tasafair costs r,r auch action
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