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<br />. S:3-:-tl{J 1091
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<br />peA 13 . 10
<br />--+--__~~. 11-802__~_______
<br />
<br />REAL ESTATE MORTGAGE
<br />NEBHA$KA
<br />
<br />(Open-End: To Seeu'e Presenl and Future Obligations and Advances)
<br />
<br />Dale
<br />
<br />March 4. 1983
<br />
<br />Elton W. and Virginia A. luebs, Husband and Hife
<br />
<br />01 Ha 11 Counly, Nebraska , In
<br />
<br />conslderalion ollhe advance 01 Ihe p,inclpal sum, plus advances lor the pu,chase 01 Class B slock andlor participation
<br />c.....IlCllt.. 01 the Mortgagee as ,equired by Mortgag,",'s bylaws and by determination by the Mortgagee's Board of
<br />DI,,,,,to", unde, aald bylaws, pursuant to fedeFallaw, ' 10 support the outs landing Indebt..dness, r&Cited in the note here-
<br />Inalle, deacribed and In consideration ollutu,e advances mad.. by Mongagee to Mortga~or(s) p'fny 01 t"em as herein-
<br />alter provided. hereby mortgll9"s and conv..va 10 1rana S I and Productlon
<br />Cradlt Association, whose principal ollie" is al ~rand Is 1 and , Nebf'uka,
<br />Mortgaoee, 111<> lolIowlng-descrlbed '&al property In Ha 1 Cpunty, N..braska, subjeet to 011,
<br />gas, and minerai ,Ights owned by parties other than Morlgago,(s); exlsllng ease"",nts of ,eco,d: ,eserntlons In United
<br />Stetes and Stete patents: and Ih.. ,Ights of th.. public In all highways:
<br />
<br />The Southeast Quarter of the Southeast Quarter (SE~SE~). Section Nineteen
<br />(19), Township Ten (10) North, Ranqe Eleven (11) West, Hall County, Nebraska
<br />
<br />containing 39,46 acr..., more or less. according 10 Governmenl .urver: logelher With all 01 Ihe righI, litl.., and
<br />inlaresl 0' the Mortgago,(., In .a'd pro....'ly "OW ow"..d. or h..r..alter acquired, and including all building. and Imp,ove-
<br />men.. now on. or he-run., piKed upon. aaki reat property: fOctudlng also aU water. irrigation. and drainage fights.
<br />
<br />Thl. mortglOp i. gl...n to ~... tI . .
<br />
<br />ta) A promluory pqta ' ',. ~~~ r- t - R~ .' given by Mortgago/I'} to Mortgagee, In Ihe
<br />princlpal.um of SIX '. " ' S IS 5:1)00) and Ninetv Thol1<;i\nrl . ,ql),0'10)-DOLLARS,
<br />pIUs advance. lor lhe purdt_ 0' Cia.. B .Ioek or partlc,pation c..rtlllcale. ot Ihe Mortgagea as 'equtred by Mort-
<br />lJ8lI..'. byta_ and by detefmlnalton by the Mo'tgagees Board 01 Directors uncle. .aid bylaw.. pursuanllo fede,al
<br />iaw, 10 .upporttM oul.landlng Indebledne... payab"'wtlh ."t....., accordIng 10 Ihe I.."". ot.aid no'. and any In,'ru-
<br />menta t..." in r....naneino. ..t.nd'"g, Or r.n.wln; ..td inde-btedness or any pan the-reol;
<br />(b) Any lu"'", advaneal'), wllh Inle"..t, whiCh m.y be made trom ti",. 10 Illite by MortlJ8llee, allt. opllon. 10 Mort-
<br />~(I). ()f any ot them Of thel, &\iecel&Qr. In hUe. fOl any purpose. mchj<kng, but not UmUed to. Initial and tutu,.
<br />actvancn IOf Ihe purchas. 01 CIa.. B .Ioe. and or pa.\Ielpation c..rt'"e.l... 01 Ihe Mortgagee as 'equl,..t by Morl-
<br />~'. bylawa and by de,.rmlnallon by Ihe Morlgagee . Ba.r" 01 Dlr.etors u"dar .ald bylaw., pursuant 10 'ed.,al
<br />1_,10 support lhe outslandinll'nclebted....., i" any amounl or amounts, pro_, ho_var.lhat .uch luture and
<br />addfIlonaf adunc<tl') ~hell be .p \lI!llled Iha' Ihe ,,,Iel P'l'l"'1I"1 amounl. oulslandtnll at ,nv Qne tillte thil,lI not ..eHd
<br />the...... 0' Three Hundrea 'housand ana NOilJQ::----------------\::,1nj] r)f\O Q!lJtlOLLARS,
<br />plus utd edvanc.. tor purchaae Of CIA.'" 8 I-tock or par1tc,pahon ce-r1,hcat.. of th. MortgagH, and provtded 'urth.r
<br />1M luture advance(s) s.o mAde &hall be payable m ACCO,c:sanc. wUn tne terms of a p-fomtUOry no.. Of notes which may
<br />M taken to ....dence s.uch .mane.,.} Of any p.rt tM'f'ot_ {The optional adYane_ta) he....n authodzed shall be con-
<br />sidef9d a_ 10 Ih. advanca,.) h.,.",.lIer .uthoozed to be made by lhe Mortgeg.... 10' Ih.. prol&clion ollhe
<br />MCUrity Of Mortgagee. .n_1 therein.l
<br />
<br />'"* mort9aee to be void upon 1M payma,,1 'n luil wtltl 'nlareol 01 all OOIilJalion., pre....1 or 'ulu,,,, secu,..t or to be
<br />_nod hereby
<br />
<br />TM Mort98lJO"'). .nd each ollhem. h...by wan.nlt.) Ih..1 lhey .r.. ,... owner. ollhe morlgag..t ",al properly, Ihal
<br />they _ de_ lhelilM llIJ'I",.1 all el....._t. _om.o....ar. .l\<Ilh.1 u.d prO_ly ,."..tro... aU ancumbrances; and Ih.y
<br />'Hnquiah aU ngh's 01 hOlnni'.ad In "AWl pre-nu..,. and cown.nl and ag,... With the Mor1gagM .S 'OUOWS
<br />
<br />(tl TO pa, _ _ ell ,...., lten., 1u<l9-I.. or asHu_l. .h"'h....y be lawtully ........t all.,n.llh.. properly
<br />Itef9ln nlOft9alted, end 1M ranlal ch.'ge. upo<> art, InOft ."'lIned as .ddtltOnal .ecuIII, lor Ih'. mortgage.
<br />
<br />(2) To ......... and k"9 In......t bUtldtng. a"d olher .mproMmanb no. on or _,eh ma, her nil., be placad on .ald
<br />~ 10 the .....tec:bon 01 tM MOftge_ ",,' pobcy ..ytdenclng such ..,......nc.. .hell b. .ncJo'Hd Wllh a mc'tgage
<br />-, ~ by and '" lavor 01 MortIJa9-, and depostt.., ..th. ,,,.. the.aun"". 10 be payabla 10, Mortgagee a. It.
<br />i_I_, appeat. AI the option 01 Morl\JAl\JOflll. al\<l.ubte<:llo ~.l r...gutallon. ollh. Fa,m Cr..tll Admlnl.lrallon,
<br />.- so r......... by Mortgagee....y be U_ 10 pay IOf .&<:onolfUCtlOn 01 lhe destroyM ,...pr_tl'l: 0'. il nol.o
<br />....... -y, at the option ot Morl~, be applfed '" pa,menl 01 any 'ndebled....., malur..t or unmalured. secur."
<br />by ..... moneave,
<br />
<br />(31 To keep ell .......ngs OCC~ and '" gOOd ."""... and 10 reha", I,om the Com......,on 01 an, .el. 01 r..moYat, d.mo-
<br />btIoft Of .~ ~f; not to cu. Of f.-moYe, Of pet,,". to be cut Of ,..moved. any wood Ot hmber from SAId r."
<br />PfOPet1Y, and to commiit or pt'fmtt no _.te- Of tmp.Mtnwnt ot the 'fatue ot Ints secunty; to conttnuously practice
<br />.......-a ~ of I........ on ..... 1anOs, 10 p...venl a.OSfOn and 1M .pread 01 "o,'ou. and da...ag"'g wHd., and to
<br />__-,otthe_
<br />
<br />(41 Tt\at In -._ ...........i.! 'aili'!lo pay when due any la...., renlai eha'gfl upo<> any I....... ....gned a. add',
<br />Iioftaj -unty lor _ -...' If_. I~IO, 0' _I. I_fully as_ age.nSllha properly h.r.1n mort,
<br />....... or lailiallo ___ _ .. ftltrernOelOta pto_, Mof1~ may maloa .uch paym.nl or proyrde .uch
<br />'--....IM _<<.) .... u.e..lOt ohaII _ a part of lhe tndeO-... secured hereb" due and payable
<br />!m ""., L t 1,. _....... _ at _ CUt....t fate ot _ Morl~ allhe ,,_the Moftg4IIJee _.. SIKh pay......,
<br />
<br />II) TtIM 1ft ... _ .........t.) ~'I In the pa,_1 ot S&ld pnncttNIi ......, 0' .n lhe '''''''_, 01 any .ddltion..1
<br />---... - --- ~ Of of an, _thereon, althe _ _ _ __ __ be d..., O' .'Ih "'_I
<br />10.., ___ or .......... -.... .... al _ ~ 0' ~. Ihe _ttre __. MCU_ hereb, ._
<br />I....... ~..... _ pay....., stwIII ...... ,,,ter.., at the CUfF"'" raM ot the MOftlJAll" on Iha da'e ollhe delaull,
<br />-... lIIOi1l'''' ... "- ......aty fOnK:IoM _ ~ 0' punue _, omsr .,.."able Ie9a' r.......y. In Iha evanl
<br />of ..., _ by ....'Ill,ll 10 ~ eOllectlOft Ollhe mortgage debt. the MorllJ8\JOft.' ag'"t.!lhal any a.pen..
<br />.............-.. .._......tol bile _. _ ~by Mortpgee, __ apart 01 tfie debl_uredhefeby.
<br />- - lie......, ....'''.ITt.. ~ _ all Of the te.able c_ ot .""" achO"
<br />
<br />~.,................ - ~ ",< t;......~.. ,,",,',.If D'. ...-..~ ''"''''''--.t1... "., .....~ '..............,.~ ................. t>...,... "''''<IiI~, ,H...."."',......,-o<-"" l>., .......~""~~
<br /> l'l,-..-".
<br />-~ ~~'l......... ............. _~ '>t; -. _ ... _... ..... ........... __ ~ ..........11;,;.' ..."",,-,,,,- 1liIl-.-................., ,>>u ~ ,,__......, ,",_."" ~,~Lc_'i-_,"~<'
<br />................. ...~~ ,~-"""""f-_.'__",,,~7"'." ".~ ,"'''~ .___-iI ',-i, ~""'''''-~''''~'~.''~-<''_.,,",__''''''''''f ',- ''''''..~'T......~.. C_'",,,,,...,,,,-_,..
<br />.........~ ,,~- ,!;.. ""-................... _ilIIO._-.....J.~ ~'...'" ~ "'-~~~__ _,'..- ",' "t-- ~~ .,,,,,,,,,.._ H-<_._~."."..", _~ ..,~_'~~_.~. ,,~.
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