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<br />'83:=,)oi
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<br />S REAL ESTATE MORTGAGE
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<br />FORM FL8 208
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<br />Date April 1, 1983
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<br />Delbert L. Martens and Eleanor Martens, husband and wife
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<br />, Mortgagors.
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<br />of Hall county, Nebraska !n consideration of
<br />the advance or the prtncipe.l sum reclt.ed in the note hereInafter described. receipt of which 18 aCknowledged, hereby
<br />mortgage and convey to
<br />
<br />THE FEDERAL LAND BANK OF DIIAHA, a Corporation,
<br />of Omaha, Dougl as County, Nebraska, whose address
<br />is Farm Credit Bui Iding, Omaha, Nebraska 6B100,
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<br />Mortgagee (subject to 011, gas, and mineral rl11ht.s owned b,y part.1es other th~n Mortgagors; existing easements ot
<br />record; reservations- In United States Hod State p-'3.tellt.:~; and Uil;} rIghts of the public in all highways). the followlng-
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<br />Hall coun:y, Nebraska
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<br />described real esr~ate in
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<br />SEC,
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<br />TWP.
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<br />RG,
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<br />E~NW\SW~ and a tract of land comprising all of the East One
<br />Half of the Southwest' Quarter (.E\SW~), excepting therefrom
<br />a tract of land described as follows: Beginning at the
<br />Southeast corner of said E~SW~, thence Westerly along the
<br />South line of said E~W~ a distance of One Thousand TWenty-
<br />Three and Thirty-Five Hundredths (1,023.35) Feet; thence
<br />Northerly, parallel to the West line of said E~SW~, a dis-
<br />tance of Two Hundred Fifty-Eight and Three Hundredths
<br />(258.03) Feet; thence Easterly parallel to the South line
<br />of said E~W\ a distance of One Thousand Twenty-Three and
<br />Forty-Seven Hundredths (1,023.47) Feet to a point on the
<br />East line of said E~SW~ thence Southerly a distance of Two
<br />Hundred Fifty-Eight and Three Hundredths Feet (258,03) to
<br />the point of beginning - - - - ~ - - - - - - - - - - -
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<br />W 6th P.M,
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<br />:...'.......~.!... .i'.. ~lm;~~ 1~~~:v~t-h~i~1~~~~~~Q~~_o~~h~dt~ .J;~j~~t-ie~I,;1u~ ar?~~.~~'{:'iie~a,
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<br />P:tij'Ytit. 1~oottse-~ (}J" trt"J:..n~~; (1[' HD1'tg;ag~o it': r~q\l1r~d etp$"ntH;S
<br />ttJ;:lJitnst,)-.&. a:n~1f)ttHn"" i':~~fo!S 1n ;'QnrJ~C'tl~~n "'Un U'tt~?i'l("'~ ~'~T'::tV'l;g~->" ~lj' ""~J..~
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<br />.......' 1'.'.. ~ ~;~br:ci~J::t:i;1:j~~;jH1~-Sl ~~?tful~;:~.t~~l~::\h;:~ri~~ b;~t~;)~~J(r~t
<br />" in: tM n~t{l1-~
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<br />C'ont'1!nlng 94 ''''C'''', "Gce
<br />'new owned or hereafter ;icQulret1-\ c.~ :rlE:' M[)rt J:fii,z-L':-S ~L
<br />Dr appurtenar:.ces thereon ~1: ~lei'e8 fter t" lar;~.!j the reo!! ;
<br />hereal tament-s, .:md appurtfmance-s thereto :l,il,j t..:,t) ~.'?n L,. 13::WJ:'..
<br />L.'1e Mortgagorsl r1ghts in the p11tllf" ':j()maln are requ!-:'t'J
<br />lIcense-s. orpr1vl1eges. I.lppurtena..,'1t- or- :iQna.ppurt.enant f.,]
<br />or renewed tn r.he M-ortgagors by the Un! t,pj :~tat.f'S QI' Ule :.:t.[lt.f' 1;1
<br />any departtnsnt. bureau, or ageue.r thereaf.
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<br />:;g-etrJeT wi th iJ.ll or the rllmt, title, add interest
<br />~!1~lllj1;:g {!.l.L butldlngs, Improvements, nxtures,
<br />!r;'h;11.t~on. '-md drainage rights; the tenements,
<br />3.nd ;)~Qn ts arising from said lands: and (if
<br />ror- seem'l r.y purposes) all leases. penn! t.s,
<br />r-re:nlses, now or hereafter Issued. extended.
<br />t.h~ abQve-descr!bed property 1s located or
<br />
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<br />11115 mortgage 13 glve-n to secure i1 -promissory nnte of eVt'n ~~:ltE' ~,t"'r't~wltll, executed by Mortgagors to Mortgagee, In
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<br />Llle pr!nclpal sum of TWENTY-ONE THOUSAND ONE HUNDRED AND NOnOO - - - - - - - - - _. - DOI.LARS,
<br />p~ab}e ','11th lnter-est 'lceordlng tL) Ute terms f"lf ;-nL: !:-::te, ttw r~n31 ::':iyme-Ilt !Jetng due and payable on the flr3t day
<br />
<br />of
<br />
<br />March, 1993
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<br />n11~ '.~onve.Y:t.;!"t' ~it~;.~l be \"81.j upon thf.' p,\vment of said promiSSOry note.
<br />
<br />thiS mortgage is subject t,o the rrovls1ons of THE fAHM CRED~T ACT :1no ~ill act.s amendatory thereof or supplemental
<br />tbereto. The proceeds of the loan secure{j hereby w111 t'e use:j f;)r ttle purposes speclfled In the Mortgagorst appli-
<br />cation tor said loa..'l and aut.horized by sald Act.
<br />
<br />The Mortgagors, and each of nlem, 11ereby warrant that (,hey ,~-e fee owners of the mortgaged real property; that they
<br />wIll defend t.he title agaln::it. all clalr.lants w!1o~soeve-r. 1:'X~',1 that sall: properr.y 13 free from all encumbra'1ces: that
<br />they will keep all the improvements, fixtures. HZVj fln:U~'tenlllll'es \.'~~'~l.1pied end tn good repair a.'1d permit no acts of
<br />waste; and they will rellnqulsh all rights of home~tea-C. ln ss.ld p:-emlses. and covenant and agree wIth t.he Mortgagee,
<br />1S follows-:
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<br />{ll That they- wlll :pay when due aU t_cue-s. liens. Judgme-nt~. <"}; aSseS.:S111ents which may be lawfully assessed against
<br />t,he property herein mortgaged.
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<br />(2) '!'hat they will tnsure and keep lnsul'ed bulltllngs c,", (lther l~provemenrs now on or which may hereafter be placed
<br />on said premises- to the satisfaction of t.he Mortgagee. S:.rCf, lnsur::-mce polley shall be endorsed w1 th 8. mortgage clause
<br />wltn the-loss thereunder to be psyable to) the Mort.gage.?:. Any .sams recelved may be used to pay for reconstruction
<br />of the destroyed lm.provements: or, if not, sa ~pplled, m_~'. 3t the or'Uon 0:' the Mortgagee, be ttp'Pl1ed 1n payment of
<br />-frJ1Y indebtedness. matured or unm~"itured, secure-d by ':hl.::'- ;7;,~!'"t>~~.'1,ge.
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<br />{3-}' 1'0' pay -all rents. fees. or charges now due -Or" t,{; t,ecome (;ue under the t.erms of each lease. permit, license. or
<br />prl'\tl-le_&e- on the- publIc domaIn Which is appurtenant 0:' ~lGnlippurtenant to the mortgaged premises, whleh tms been
<br />lS$UiJu. exte:nd-ed. or rene-wed by the united St-S:tes or the st(:ttf::. tn wtltch ttle above-descrIbed property is located; and
<br />t.o 'P6_t'torm a.'ld oos--erve every act, '.)Qvenant, _condltlon, and ~tlp-ulat1on necessa.ry to keep each or the sarne 1n good
<br />st.anding; and to take every- necessary step to secure t-rle reissue, !'enewa..l. or extension of eacH or the same; and t.o
<br />a$slgn~ mt-lve-.. -pledge, or -endorse to the Mo["tgag~l? e~Gh l;,~:i::=;f}. r,prmlt, license, or l)!'lvllege i~ Mort.gago!"$' rights
<br />In--pub-He- -1~ln are -requ!r~d by Mo-rtgg.gee tor securIty Pl1:"'P;':'S8S.
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<br />t4l- Tbat 1h th& E'vellt the MOrtgag-eq is ft party tiJ t!i{Bt.10!l ::trrectlng the securlty l1!' t:.he lten of lts mort'"
<br />a;~-~' __lQGloo:lng any 'SUIt by tJw Mo-rtg3.gee to foreclose a3rtgt"ge or any t-~ul t In Which t.he t10rtgagee may be named
<br />3_ -f:Mty- oot-en~t-ln Wh1ch It 13 OblIgated to protect r-lgnt::: or lien. l!i{)lmUng coo-:1ernnatJcn am1 bCluKrupccy
<br />tf~-1l!;;-e-;Q--dtng.s,t rlW Hor-tgage~ may lncur -ex(.-renses a.nu nt1vaae\'! p'1.ymBnt ;Jf -!\b8.~:;'''!ct feE'S, f.\U:'-Or1Vi'Y fe-es (~xc:P.pt t.G th~)
<br />..:tt~t prob\bltet1 bY law), COSt-54 eX{.l>e-ns&s, ;:Lt);j <,tller f':l~l.,rg~:':.
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