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<br />
<br />REAL ESTATE MORTGAGE
<br />
<br />FORM FLB 20B (Rev. 1-77)
<br />
<br />Date January 19, 1983
<br />
<br />Virgil H~ Powell and DonnaL. Powell, husband and wife
<br />
<br />or Hall county. Nebraska In considerationo!
<br />the adv8..t'J.ce of the principal sum recited in the note hereinafter described. receipt of Which is acknowledged, hereby
<br />mortgage and convey to
<br />
<br />
<br />THE FEDERAL LAND BANK OF OMAHA, a Corporation.
<br />of Omaha, Douglas County, Nebraska, whose address
<br />is Farm Credit Building, Omaha, Nebraska 68100,
<br />
<br />Mortgagee (Subject to 011, p-as, find mineral rights owned bJ vartle-s other tha.n Mortgago~s; existing easements of
<br />record; reservatlons in un! ted States and St,at e ps.:::ertf, and the rights of ;;118 public in all fllghways). the fOllowlng-
<br />
<br />described real estate tn
<br />
<br />Hall
<br />
<br />Co un cy .
<br />
<br />Nebraska
<br />
<br />SEC.
<br />
<br />TWP,
<br />
<br />RG.
<br />
<br />S~W~; and a tract of land lying South of the Railroad
<br />right-of-way in the N~W~ containing 55 acres, more or
<br />less - - - - - - - - - - - - - - - - - - - - - - 33
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<br />of the rtgllt, t.1 tle, and lutBTes.t
<br />buUdlngs, improvements, fixtures,
<br />tn"1,;;;:at1'"J!1. Tid dralnag:e rights; the tenements,
<br />:lnd pron~~s arising frem SJld lands: !'tnd (if
<br />fo!' r.ecurl ty purposes} 1:111 leases, perml t.s.
<br />pr~"mlsi;>s. nowor hereafter ls~med. extended,
<br />',t1f' I~bove-ctescrlbed propert.y 13 located or
<br />
<br />111 \ 8 jl;cr-t.l;age
<br />
<br />c!;ive-n toG :-:~:r;un~ ~t rTC!~l::',,:;:n!'.Y n;)t~_' or ev.'fl <.1:1te r:-:;rewl t,h, exee~ltt-'d by t1ortgs.gor;:;: to Hortr;~le;ee. In
<br />
<br />the prltlr\pal '.'''ill or ONE HUNDRED FIVE THOUSAND AND NO{lOO - - - - - - - - - - - - - DOLlARS,
<br />p.syabl;:} \'\It!1 1nter>:!st. ~i.;~G\)r~llng ";'::; tn.': t,n'~' :;!' !J,'i.t:~ n'~>t.e. t.hf:> !'t:;:;:J.: p:l..ymgnt being {jue and paY6,ble on tho flrst nay
<br />
<br />or
<br />
<br />January, 2003
<br />
<br />11:1:::: ~-'Q!nieYi:il~i~.:' 811:-111 t)f'- \';)11 upon Ule payment of saId promissory note.
<br />
<br />'rhis, mortgage-Is subject to ttw- rrovls1D!lS of 'i'HE ~'AHM CliE-D:T A:':'T ,:ind oill acts amendatory thereof or supplemental
<br />thereto, Th~ proceeds ot' the loan seeured lle-reby wl11 be u..,>e1j f0f the purposes ~~peclfled in the Mortgagors I appll-
<br />c8.tlO'p for sald loan an.~j a~tflorl~,€d by said Act.
<br />
<br />The- t1ortgf,lgOl's, and e-ac!l of them, hereby w?.rrant t.!1'1t. thl?)' 'i1~e fee cwners of t.he mortgaged real property; that they
<br />w:Hl de-rend t.he tl tle against 3.11 :~lFlirr:...."tnt.s whomsoeve-r. ~:nj th1t s,3.1d property is free from all encumbrances; that
<br />t-n~y w111 keep all the improve.!l1:ents. f !_xtures. -'1nJ r~ripl.lt'tenf'..nces 0C'c',lpled and 1 n gO()(j repa1r and perml t. ao act,s of
<br />was-te,;, and t.lley 'tilll rel1nQulS1! all rlghts of tlo.'U€'stt?lid in sald premis'3s, :trIG covenant and agree wIth t.he Ncrtgagee.
<br />as follows:-
<br />
<br />~-1J 1'11a_t _they w111 pay when due- !ill Lixes, :!e:ls. :IJdg',,'TIents. Q:' asseS2nt~nt-s which may be :lawfully assessed against
<br />the property herein mort.gaged.
<br />
<br />
<br />{-SO} That th~y _w111 Insure u."1d keep !l1su'!"'~d tlulldlngs or other 1mprovernents now on or whIch may hereafter bt:! pla.ced
<br />Dn.-_,sald premises to the satlsfact.1o!l or the MC:~t~:'igee, $:l(~!l lflStlranC€ pollcy shall be endors-ed with a mortgage clause
<br />wttn tae _lass there-unoer to be p-~"'yable t;:) U:e fiortg9.ge.:.~. Any SlimE recelved may be w;ed (,") P!iY for- reconstruccton
<br />or- 'the-,'-l1estro-yed 1~9r-n'iemeJ:lt~; Qr'. 1 r not S0 appl1€lG. ~s.Y. ;It the OPtlc,n of the Xnrtgag€e. be i'ipDl1('(,1 In pa,;trnent of
<br />aJU' tndeQte-dness~ C\atu:red -or urlI'Jatt~~B-_Q, seeure(~ by Ults ;;:0rt-8:l.~e-.
<br />
<br />r~)_ -_1>~ P~', al~ -rents. fe-es, or -ch,arges _now llU9 .:)r t.o l1eeom~ Jue un<:ler the terms of €,~eh lease, permit, l1c-ense. or
<br />PI'lvl.1-t}s:,~:;_-t.?n_, the;_PUbil~ dOmiln 'fIhlC-ll Is a.PP~lrtf:nant or n('napp~rr,e-nent to ttH~ mortgaged premIses. whlc!l has been
<br />i;!;g1.ie:d;_~e';t;ia:.nUe:9-.'qr- ren~_d by t.h_\? Unlt~<1 States or- thp. stAite in whtlJh t!li.!' aiJove-d~s-cr1b-ed property is lor.at.eu: and
<br />t9'-per:!ort!f -a.,.l:gl Q~rv,e, evp,t:i:- ~Ctl -('iwemlJj;t, (~QndlUon,. find st-lpulatlon nec-es~~-9ry to k~~p each or t,!ie samn in g'Qod
<br />- . t_ake_ _every nec-es_szu,'y st.ep- to se-ewe tne r&18sui.:", renewal. '}T' extenslon of each of UW same; tiJ.v1 !",O
<br />l~<lg_itt-);~r endorse to the t1o!'tgagee each 1.86.8i, pt~.rmH.., Uceose. or -prlvllege l~ Mortgagorsf rlp:hts
<br />are- reqtj~r-e;j by Mort~p.e -tor- -securl ty Fur"puses.
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