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<br />REAL ESTATE MORTGAGE
<br />83-001536
<br />
<br />_~:.B 20B-Open-End (Rev, 1-77
<br />
<br />
<br />
<br />
<br />DRt€!'
<br />
<br />March 28, 1983
<br />
<br />, Mortgagors,
<br />
<br />
<br />Charles Stelk and Adeline Stelk, husband and wife
<br />
<br />or Hall county,
<br />the PromIssory Note and Loan Agreement hereinafter described,
<br />addl tl anal advances. hereby mortgage and convey to
<br />
<br />in conSideration of
<br />and ttJe agreement of the Mortgagee to make future and
<br />
<br />Nebraska
<br />
<br />THE FEDERAL LAND BANk OF OMAHA, a Corporation,
<br />of Omaha, Doug I as County, Neb ras ka, whose add ress
<br />is Farm Credit Building, Omaha, Nebraska 6B100.
<br />
<br />Mortgagee {Subject to all, gas. and mIneral rIght.s owned by partIes other than Mortgagors; existing .easements of
<br />record; reservations in United States and State-patents: and the rIghts of tIle publiC in all highways). the followlng-
<br />descrlbed real estate In Hall _ County, Nebraska
<br />
<br />SEC. TWP. RG.
<br />
<br />containing 150.449 acres, more or less. together wlt.h all of the right, title, and interest
<br />(now owned or hereafter acqul red) of t.he Mortgagors in s'lld pnJperty, lncludlng ~ll bulldlngs, improvements, fixtures,
<br />or appurtenances thereon or hereafter placed t.hereon; all water, irrigation, and drainage rights; the tenements,
<br />heredItaments, and appurtenances thereto and 'the rents. Issues, crops, ,'Ll1d ;>roflts arising from saId ~ands; and (if
<br />the Mortgagors f rights in the publiC domain .are required by Mortg'd.-gee far securi ty purposes) all leases, permi ts,
<br />licenses, orprlvlleges. appurtenant or !1onappurtenant to sal;J lTiortg3.ged premises, noworhereafter issued. ext.ended,
<br />or renewed to the Mortgagors by the United States Dr the state 1n WhICh the above-descr1bed property 1s located or
<br />any departmen t.. bureau. or agency ther-e.o r .
<br />
<br />This mort,gage 1s glven to securE' --1 Promissory Note and l.O'iH Agree~e!~t. of even date here"'l th, and tor all advances.
<br />including future !'l.nct addlt-lonal 2ldv3.nces, wlth int.ere~;t flreordlng to the terms :if!d conditions of said note and
<br />agreement, provided tha.t t.he total rrlnclpal 3.dv:inee;; out,.st.?Jldlng and unp'l.td 2t. anyone time 3!tall not exceed the
<br />
<br />smR of $ 80,,000,,00 . (This llmltatlon upc1n ~:rlnclr.",d <'~dva.n~es :;:;hall not !"estrlct the Mortgagee from
<br />making any of the advances hereafter .1.ut.horlzed.! !'10RTGACiEE ts C(~NTB.ACTUALLY OBLIGATED TO r-1AKE ADVANCES TO MORTGAGOR
<br />under the terms and condlt.lons of the rromls;.;ory Nor,e -~lnd LOl'!.n Ag!~e;]ment for t.he period set aut In saId note and
<br />agreement, not to exceed a period of 11 years fram the dat.e ~ere(jf. rhe final paYPlent. of principal and Interest 1s
<br />
<br />due and payable on the OrB" day of November. 2002
<br />or sal d promIssory no te,
<br />
<br />Th1S conveyance shall be vDld upon the payment
<br />
<br />
<br />ThiS mortg~ge 1S subject t.o tIle prOViSions 01' THE. ~'ARM ekEDI ~ AL~T and all 3.cts: C}rnendatory thereof or supplement.al
<br />thereto. The proceeds of the lo.'if1 secured tlsreby wl:l.l Of' u:1ed f(\f' tt~e purposes speclt'ied in the Mortgagors' appli-
<br />cation for sald' loan and authorized by sald Act-.
<br />
<br />The Mortgagors, and each of them. hereby warrant. tr.af. they are fee owners of t!le mortgage(j real property; that they
<br />will defend the tl tle against all clalmants whoms(l,,::,ve~, ,lnd t,ha.t 3:-1.1 c1 property is free from all encumbrances; that
<br />they will keep all tIle impr-ovements. fixtures, and appurtena.nces oceupled m]d In good repair and perrott no acts of
<br />waste_; -.and they will rellnqulsh all rights of nOffiesT:ead in said premise-s, andcQvenant and 3.gree Wlt!l the Mort.gagee,
<br />as !oHows:
<br />
<br />(1) That they tilll pay when due all taxes, llens, Juagments, or asseSSments which may be lawfully assessed against.
<br />the property here 1n mortgaged.
<br />
<br />
<br />{2I that t.hey will .insure and keep insured bu: ldlngs or other improvemt'!lts now 0:\ ;)!' \'lhlc:l ['!Jay hereafter be placed
<br />On said, premIses to t,he satIstactlon of t-!l€ M0rugagee~ such insurance pelley shall De endorsed with a mortgage clause
<br />~lth the, loss thereunder- to be payable to the Mortgagee. ;.ny sums recetved may be used to pay for reconstructIon
<br />ot tne-_ deStroyed lmproveme_nts: or, U ~1Gt so app.lleG, r:1ay. 5.t the DptiO!! of the ~IJrtgagee, be applied in IYlyment. of
<br />8UY_lndebtedness, matured or unmatured, secured by thIs mortgage.
<br />
<br />{3j'_ to ~ ,all !"$ut$, fees, or -Charges now &.JB 0r to beeome due under nle- terms or Bach lea:'H~, permtt, l1cense, or
<br />pr vl~ege_onthe. {-I-ub-lle dom.al:1 WhIch 1::; appurtenant or rronappun;enaut to the mortgaged premises, Whlch has been
<br />t~~ed.~_utended~ (,Ir renewed by the United ,states or t.oe state In wt!l;:;h the above-descrIbed property, is .locaced; ,9nd
<br />to_part-om AAd obss_vve every act, ct,wenant, conditIon, an.lj stlpuletlon necesaa.""Y to keep each of the Sa'll€! in ~!;00d
<br />S~i\W11J1$; and_- to take every necesS-aty step tv secure the r-elssue-. ren~Wal, or extewH Ot! of each of tl1€ same; arvJ to
<br />~1i:J~r_1Y$_f pledge. nr--.end;JI"se to the- MQrt.gag~e each l~ase. permit, license, or l'f"lvllege tf Hort.gi'tgcrst rights
<br />ln, pub11c d:oma-tn are- :reQulre(1 oy Mortgagee fOf' securl ty pur}.!Qses. ~.
<br />{4;1 ~_t. -tn tb~-,_e-vlfnt-_tb-e !1Ol"tgag~e 1s a pti.!~tc'y tD artY .lttlgatlon .f1frectlug t~}8 sf:curlLY Qr tho- lIen I)f \tB
<br />~~J.>>el~llJ&'".aQ..'1 suJt. by tll6 .Mortg~ee t.o !oreclnse thls-~ortgage or- sult in w.!llch the Mon,g<'1.gee ,t);;1y bl'?'
<br />a,party d.e:!ftooatl.t In- Wh~Ch It is ob-llgat'rh1 to P!'vt-ect ir.s rlf;bts i:1clucHng ('onJerr:nat1~)r. :in,! tJ!.lJlkru!:-'t;~y
<br />"p:f'9C.,d,lngs.'- the, MUrt.gfli'8 way. ,1n~ur- eXpeU8€S and -:ldvtif!ce Da'ym~nt f~€;s. z'lt.v:wne'y .rG~:5 {t'xc-ept t-o tll~
<br />ext<6nt prolJ.-lba,~C b'y law). C'C$tS~ ~xpense.s. 3.lH:! other crlat'ge.s.
<br />{oJ.- TliAt..-,t,{l_):'_be-,-e!jfmt.,_H~fi,l'1brt.i-~r8. :ra~l tv ,pay 1l'tleo_du-$_ an,y tol-"(es~ 11enf!.
<br />~_nt~n.,_:l~-urant$,''B.$ h-O:t'lJ!'l-n:t~!;J:f't1:_ PT'.;J-vl.d~u,> tier- tall ~o pay rtJ'nt,s. f~HS, or
<br />~~t:f llcmuu!, or pr-1.iilag-e; Of' MQrt.i.ag~tt 1m t"Q\l~r.e,_j 1.-\1 l!ici.u' ~"xren;~e~\O f;)!'
<br />tt~~!'t. ~.~tber -cnar,~.~~ Hi' ,c~'UH..Ctl~ri :wH~h Ht,ht~t.1f.J'11. ~H't,!;;~~fle :'l1t:\,Y mllJrr:
<br />Q_~- -l~'fi:>aUG'h OltUp:t.J.f1fi~ aud tn. ~r.1unt1t patd -tlii,;<f'91ot-' Bh~11 b~C~\~t~ i.1 p":\.n
<br />:'\-::Y=~::~ l~l"t._tf. atHl ~U ~tt ll\t.~f'_'l~~ --frQftl, 'Ul'~ ~~t~ .of: 'flfJ.ym.€"nL ut
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