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<br />REAL ESTATE MORTGAGE
<br />NE:I3.RA~ I<A.
<br />
<br />8a--f)Q~.4 8 G
<br />
<br />(Open.End: To Secure Present and Future Obligations and Advances}
<br />Date Ju~_14, 19l?_~____
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<br />Ruben E. Meier and Joyce A. Meier, husband and wife
<br />
<br />. Mortgagor (s).
<br />
<br />of Bal~_______, _ County, Nebl'C~~~________________, in
<br />consideration of the advance of the principal sum recited in the note hereinafter described and in consideration of future
<br />a~~~s troiife .bY mortgagee to mortgagor(sl or any of them as hereinafter provided, hereby mortqaqes and conveys to:
<br />
<br />whose P;inc~;ffice i~-;t~~ W~S~:!:'..~~~~!:""!.~._G':faE:~TS!:~~0,L_:':=::'=::::_,_,._._ , NebrasKa, MOrtgagee,
<br />the following described real property in gflJ____'______.__.'.___..'______'._'______'_._.'__'._' County, Nebraska,
<br />subject to oil, gas, and mineral rights owned by parties other than Mortgagor(s); existing easements of record;
<br />reservations in United States and State patents; and the rights of the public in all highways:
<br />
<br />South One-Half (S':!) of the Northwest Quarter (NW~), Section Thirteen (13), Township
<br />Twelve (12), Range Nine (9), West of the 6th P.M., Hall County, Nebraska
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<br />containing _._~I~_.._..__,_ acres, more or less. according to Government survey; together with all of the right. title, and
<br />interest of the Mortgagor~s) in said property now owned. or hereafter acquired. and including all buildings and
<br />improvements nOlw on, or hereafter placed upon. said relll property: including also all water. irrigation. and drainage
<br />rights.
<br />
<br />This mortgage us given to secure;
<br />
<br />(a)A promltssory note dated ..--.:I~m..~--"liJ--.J?J--~,~...'-.."".n""--"a' d given by Mortgagor(s) to Mortgagee.
<br />in the prindplal sum of:l';.IgE~n_!:~~.."~~nt:Y.F,"y~.:1~9Y~;;;I.g_..4.n._.n9lJQQ:.:.::--------- DOLLARS.
<br />payable wi~h interest according to the terms of said note and any instruments taken in refinancing, extending. or
<br />nenewing S<lJid indebtedness or any part th4lreof;
<br />(b) Any future advancels/, with interest. which may be made from time to time by Mortgagee, at its option, to
<br />Mortgagor!s],. or any of them or their successors in title. for any purpose III ilny amount or amounts. provided,
<br />however, that such future and additional advance~s) shall be so limited that the total principal amounts outstanding
<br />at anyone time shall not exceed the sum of ',l;jgQ..._!:llJD.Q;r.::s;d__1'w"".1ll;Y__J.:'iYe___ThQUSi.U:u;L_::;::-.~""::::-:_:: DOLLARS,
<br />and providlld further the future advance(s) so made shall be payable in accordance With the terms of a promissory
<br />note or notes which may be taken to evidence such advance(s) o. any part thereof.(The optional advance(s) herein
<br />authorized shall be considered additional to Ihe advance(s) heremafter authorized to be made by the Mortgagee for
<br />the prote;;tion of the security or Mortgagee's !Illerast therein.)
<br />
<br />
<br />This mort.gage 10 be void upon the payment In full with Interest of any obligations, present or future, secured or to be
<br />secured hereby.
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<br />The Mortgagor;ls)' and each of them, hereby warrant(s) that they are fee owners af the mortgaged real property; that
<br />they will defend the title against all daimants whomsoever; and they relinquish all rights of homestead in said premises,
<br />and covenant and agree with the Mortgagee as follows;
<br />
<br />(1) To pay when due all taxes, liens, judgmems, or assessments which may be lawfully ;;,ssessed against the property
<br />herein mortgaged, and the rental charges up~)O any leases a.ssigned as additional security for this mortgage.
<br />
<br />(2, To insure al1d keep insured buildings and other improvements now on or which .nay hereafter be placed on said
<br />premises to the satisfaction of the Mortgagee. Any policy evidencing such insurance shall be endorsed with a mortgage
<br />clause, approved by and in favor of Mortgagee, and deposited with, loss thereunder to be payable to, Mortgagee as its
<br />interest may ,lppear. At the option of Mortgagor/s), and subject to general regulations of. the Farm Credit
<br />Administration, sums sorecei.ved by Mortgagee may be used to pay foueconstruction of the destroyed improvement(s);
<br />or, ifnot so appliied. ma,y,. at the opti.on of Mortgagee, be applied in payment elf any indebtedness, matured or unmatured.
<br />secured by this mortgage.
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<br />(3) To keep. all buildin~soccllpied and in good repair. and torefmin from the commission of any acts of removal.
<br />derno1itiQno~ impairment thereof; not to cut or remove, or permit to he cut or removed, any wood or timber from said
<br />reati3ft?pertv, and to commit or permit nO wllsteor impairment of the value of this security, to continuously practice
<br />apprq:\too rnlrthod$- ofi!arming j)f1 said lands, to. prevent erosion and the spread 01 noxious and damaging weeds. and to
<br />pr~ryetne bJrtilityoftbe scil.
<br />
<br />(s) fail/:;;) tc pay when due any taxes. rental cha.ges upon any ..ssigned as
<br />, judgments, or assessments lawfully assessed against property h~lfejn
<br />t.o ma maIO Irlsurance as hereinbefore provided. Mortgagee may make such payment or provide
<br />the amovl'l:tlsl paid therei'or shall become II pari .of the indebtedness secured hereby, due and
<br />, ~1I1d shall bear Intel'est at the cum1lllt rMe of the Mortgagel;t ,~t the time the Mortgi.lgee makes such
<br />
<br />.fault(:;;) in the payment of said principal sum, or in the
<br />inter/list thereon. at the time when the
<br />thlil option of Mortgagee_ the entire
<br />inte1est at tl'ta eurrent late of dH\
<br />ortg,age or pursue iJny
<br />
<br />01 any ildd.tlOnal
<br />due ,. ()t with r('josp~ct to
<br />sccuwrl hetf!by shall
<br />of Ihe defatllt. ~l1d
<br />In the event of <lily
<br />mCI.IlHH.:llo
<br />and tlh 11 fl
<br />
<br />
<br />r!;let of tltl.fi\ In:llt whltfl paid
<br />togeth()f with all of thlt tuabltl CU1$a ot \!iud.
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