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<br />REAL ESTATE MORTGAGE
<br />
<br />FORM FLB 208-RR (Rev. 1-77)
<br />
<br />
<br />Dat.e
<br />
<br />December 16, 1983
<br />
<br />CraigJ. Vipond and Roxanne M. Vipond, husband and wife
<br />
<br />, Mortgagors,
<br />
<br />of Hall county. Nebraska in consldera-tlon ot
<br />the -actvarice or the prlnctpal 8U:-"I1 reel ted In the note 1"'lCrelnart.er descrlbed, receipt of whlc11 1s aCk.'10wledged, ,hereby
<br />mortgage and. convey to
<br />
<br />THE FEDERAL LAIlD BANK OF OMAHA, a Corporation,
<br />of Omaha. Douglas County, Nebraska1 whose address
<br />is Farm Credit Building, Omaha, Nebraska 68100.
<br />
<br />Mortgagee {Subject to
<br />record: reservations In
<br />
<br />
<br />mlner~.l rl gIltS OW!1E'.,j by part les nt,her tha..'1 Mortgagors; fOxlst Ing easements of
<br />>i-n-d stR;t,e pELt.ents: -:'Inn trle ,'.1~hts or the pnbllc in all highways l. the !ollowlng-
<br />Hall Nebraska
<br />SCW1ty.
<br />
<br />de~crlbed real estate in
<br />
<br />lih TWP. ~
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<br />Lot 11, Homestead Second Subdivision - - - - - - - - - - - - 33
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<br />9 Iv 6th P.M.
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<br />t.ogether W1Ul a.ll Cor
<br />imprc.v-e:nen-t5, flxt.ure.s
<br />artlt1es ;n:l€d to ::.uprly
<br />tees. and t.te :ur::;iS!ilnv,s
<br />~iJ'TorE-. s.Cf'e~r;-s. windows-.
<br />st.C\fes. refr! gE're.t ;]r'S. ;>Jat0:-
<br />are ,j~ 13!'e-C !AJ tw ti p&i.~t :,; r
<br />the ::te-curl t.y f'Jr the lndebtp'.:;ues$
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<br />Thts mortgage 1 s g1 ven to ~;BeurE' ~To~133ory ~:~~t f':' ~,< ,:'V\~n '~~at-e .!"\€!"<;'WHh, executed by !'lort.gagars to !10rtgagee. In
<br />
<br />th~ principal 2\111 or FORTY-SIX THOUSAND AND NO/IOO - - - - - -- - - - - - - - - - - l'OLLARS.
<br />.?Ily.able tn installments f'iltll intf~n?$t ;lI.~r:--(lr-::!:-ln~ tD thi:> tern:; i)( sal:1 Dote. thf' la~t Installment beIng due and pay-
<br />January, 2009
<br />
<br />\\ble rln the f1r.st da,Y ,,!
<br />pr!)mls$ory uot.e.
<br />
<br />'";'hl:! !'(~lTir'e:::tance .stlCtll be '{()l.~1 upon the pa.vmfmt of saId
<br />
<br />The Mart,ga,gors .:lgr-ee to ~~~y, It r'r.-quested by MQr'tgqgs-e. '):1 f:'t\ch Inst.allment <.!ate. in uddlt.ton to the sums reQutred
<br />hi- the above-a~scr-lbed. promissory !lDte.. a SUM ("Qual to the a.mount- :je-termlrH?d by tt!e Mortgagee- required to f'.tccumulate.
<br />and p.-1.y the !.nsura.."H~e- j)r~lums on p"jl1\~le$ of !'ire tlJi-d ot.her hazard tnsurar.lce cove-r!p.g thg mort.gaged premises, anti
<br />th-e ~-e.l astate tues .;u~d :\ssessment.s due on tho? mort.gt',,!:~ed I,remlses 15 j-e.ys pr-lor to the riue da.tes thereof. In
<br />the. event Llt!:l.t the S-:.Ims aC(~Tued: .tor t,tIe- ;,a,vrnent ('~f the sal':1 j!I"'.>rr:ltms. taxes. 0r'i:i,sse:SSments are lnsurnclp.:1t, the
<br />!"!Ortgag-or$ wIll. llIXln r-~uest. t:,e.y such ~dd1t-.:'QG~l $~lmS- p~lor ~.O") ;.!te due GB.;:e theree!. All SUMS n~eeived therefor
<br />shall be- applIed on the pr1u!':lpal balance \mt:ll $uc-h t-1!!le as tlle-y are withdrawn by Mortgagee- for .t:rl~ payment or
<br />3Al-d -,rem!ums. taxes. or B.sse.ssments.
<br />
<br />
<br />1hls' ~rtgage ls SUbject to the pr'ovlslons of THE l"ARM -~':RKDIl ACT 'lad. :111 ,'lets 3.":te-ndatory thereof Dr supplement.'ll
<br />thereto. ~ft p-ro-ceeds. of the- loa.'1 secure-d hereby ~"lll DB' used !'or the purposes $peeHled in the ~1or"tgagm's] I),j)plt-
<br />cation for !iSld 1Qan ana a.uthDrl~e-d by sa-1(! Act.
<br />
<br />The 1'!O.rtgagors. ;'ltld each of them~ h-ereb-y iIo"irrfL.'1t- tn:;,t- nV2'Y re~ owners or
<br />Will defend- the .title agalnst '1},1 elalmant.s wtlt.1I!}SD-e\'er, :lEd sal:1 p!'opr::r'ty
<br />they W1 U kge--P al1-- the l~r(r."emei1ts. t1xt.\lr-us~ ,m(l ,9.ppur-t.e-rHi~-ccs c'ceup-led ~'1d
<br />~~t-.; and they w-nl :r!tUnqulM\ all t'l:ehts 'fif 11omest':':ud in sald pr-emisBs, ,.m,1
<br />ltS :full~ ~
<br />
<br />
<br />real pr0pet.ty; that. they
<br />all ~nt;:.lmbr-anc:e3; that
<br />and i'~rml t nn ~ct:] (l[
<br />~ee wI th Uli;' Mortgagep.
<br />
<br />\1.1-.-'mat:'~)[.'w1.11'-p~ ~tn due ~ll taxes, 11e.rls. ..1ud)1meHt3. or a.SSEssments which ~3-Y tie lawfully asse-ssed 3.R;tilns!"
<br />t~ :?rOptr-rt-y. t-rll~ 1n mortgagert-.
<br />
<br />{";E.} .tba-t :t.h:ty--..wn 1-- 1nRure Sltd ke~p- lrl'$:!.lrf!U t-uUdings. ('1' nth!:'".;, lnlJ.lr'(~v-ements now on (n" \'ih1eh nay flare-after he plac-/;!'{j
<br />$; i;i-al-q r~$-i3mt-t.Q-t.Jl' ik"'t.t:13-f.a<::ne~ of the Mortg~t~. $LH:-t.lr"s.urftn.:::-e t.'Ol!cy at)sll tl~ t?naO!'~~~D With .'1, mCl-rt-gag;e clftus-e
<br />*-1.t.tt:--th'& }::1$$' tt~~ti1er t.n.be vl\yab-le t.o ttle. 'M,n..taaK~~~ Al'ry S"J.MS recelved tliay tl!. use-d to r.'\y tor. re-eO-nat1'1~:.:t.Lm
<br />O(.tM .~.,trny(H1_' t~.o-veraentS:; Of'.. ,a not.. 80 a~pUe.d. ~i\y. :l;l; U1~ optlnn of t~le Mort.gagl1!:". tH:: Irppl1ed 10 payment ot
<br />_. 'l~~s" ,. .M"t1.iN.t4-. -or l~t:uN'nt. :{~ured h)' tH.le tr:or-t-~a.~ '-
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<br />tb.f ~ih:it. t\)e.~,r-t~&.g~!, !ii'..':1, perty 1;g!Jn,Y :ltt;~at.Lm
<br />j~h-. H!:~rt.g,~et;-. t,q !';.,nl'cIDtie Ul~ B !t:.',lttga,,:e
<br />In- ~t~h it- lA o-bUgaMd to 'yr-0t~~t It.:1 !'~;hts
<br />~f''t~..e- :~ilY t~e-Ut- ,:~~n$t1s, ~:tg: aj.tvs.W,~t<' +ay~~nt
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