|
,rte:,, . t,_
<br />i
<br />_..v;~1~i..,F.~~T~3~'~E_LYi±Q.F3.Z,~.G~ .... ........ ........_. ._...._ ._.~_...~..., ,_., ; ..~.,-,._..
<br />nt~s~ias~a
<br />tt7pen-Pod: To Secure Present and Future ®bligations and Advances)
<br />
<br />Date
<br />December 30, 1981
<br />Robert L. Johnson and Harriett M. Johnson _ , Morigagor(s>,
<br />of ~ Hall County, Nebraska in
<br />cottsiderratidn ot'the advance of the prlnclpat sum, plus advances for the purchase of Ctasa B stock and/or participation
<br />certlNdth¢s of the Mortgagee as required by Mortgagee's bylaws and by determination by the Mortgagee's Board of
<br />Ofiractors under said bylaws, pursuan9 to federal law,' to support the outstanding indebtedness, recited In fife note here-
<br />Inatter described and Jn.Ctinsideration of future advances made by Mortgagee to Marigagor(a} or any of them as herein-
<br />afierprattided, hereby mortgages and conveys to f;rand i gland
<br />Credit ihssoctation, whose prhttipal oltice is aq Grand T sl and Production
<br />Mortga¢gee, tiro following-described reef property in Ha 1 1 !'1$braska,
<br />County, Nebraska, sub(eet to-o€i,
<br />gas. ~ldminsrst rigtxts owned by-parties other than Mortgagor(s); existing easements of record; rsservatlona in United
<br />Stains and State patents; and. the rights at fhe public. in ail highways:
<br />NE3 36-9-i0 in Hall County, NE
<br />containing 160 acres, mote or lass, according to Government surrey; together with ati of the right, title, and
<br />interest of the Mortgagor{s) in said property now owned,. or hereafter acquired, andtncluding a{t buildings and improvs-
<br />riwnf_nBMiF pre; tiD: hrre'aftei -s;ed t:pvn. ao°,.. ,ea ^yrap ,,..^,lt:diny also rt...._-ater :l..r +tt"..,, a,aaa. ,,.. ear' -
<br />This nwrigage is given to secure:
<br />(a) A Promissory ate d tBd Oe embei" 0 19 1 (yen by Mortgagor{s) to Mortgagee,. in the
<br />principal sum ofd ~~ndre 6rty }d.~ ----------------------~Oltatis,
<br />plus advances tar the purchase of Class B stock or participation certificates of the Mortgagee arrequired by Mori-
<br />gapae:'s bylaws.and by determination by the Mortgagee`s Board of Qtrectara under said bylaws, pursuant fo tederat
<br />law, {o support theoutstanding indebtedness, payable with interest according to the terms of said note and any instru-
<br />ments taken in: retinancirtg, a:tending, or renewing seltl indebtedness or any part thereof;
<br />(bf Any tutors adirartce(a), with interest, which may ba made from lima to time by Mortgagee, at its option, to Mnri-
<br />gagor{s1, or any of them or their successors in title. far any purpose, incittding, but oat fimiled to, initial and 4uture
<br />advances far the purchase of Class B stock andtnr participation ceritficatea nt the Mortgagee as required by Mari-
<br />gages's bylaws avid by determination by the. Mortgagee's Board of t3irectora under said bylaws, pursuant to federal
<br />law, to supprlrt the outstanding indebtedness, in any amount or amounts, provfded, however, that such future and
<br />addltionaf ad~^nce{s3 sttatt be sa limited [hat the torsi prineipai amounts outstanding at any one time shaft not axcecd
<br />the sum at ne unfired Thou<and and Nn/ 100--------------°---____°- ~ot.i.~,RS,
<br />plus said advances for purchase fit Class: B stack or participation certificates of the Mortgagee to support the indebt-
<br />edness, and provided further the future advance{s) so made shall be payable in accordance with the terms of a pro-
<br />miswry nNe or notes which may, be taken fo: evidence such advance{s} or anypart thereat. (Toe optional advance(s)
<br />heroin authorized shah be considered addttlanai fn the advance{a) hereinafter authorized to be made by the Mort-
<br />gagre for tfue.protecfion at the security or Mortgagee's interest !herein.)
<br />This, mortgage to tae void upon the paymen! in Suit with Interest of sit obttgations, present or future, securer! or to be
<br />aesirred tDereby.
<br />The Mortgagor(al, and each of them, hereby warrant{sl the! they are tee owners of tfie mortgaged real property; that
<br />they will defeixdtfte title against ail ciadmants whomsoever; and they relinquish ail rights othomesieaden said premises,
<br />and covenant.and°agree. with the Montgagee as follows:
<br />~) To pay when due alltaxes, liens, }udgments, or assessments which may be iawluliy assessed against the properly
<br />herein moriga~ed- andtherental cttarges upon any ieaa+as assigned as addi±ianal security for this mortgage.
<br />(?) To insure and-keepinsured lwikiinga andathar improvements now on or which. ¢nayhereafter be placed on card
<br />prRTniaes to the sattsfactiorsofifie Mortgagee. Ikrtypoticy evidencing such insurance shaNba endorsed wither mortgage
<br />clause, approved by andirt favor af_ Mortgagee,: and depositedwith, loss thereunder xa: tee payable to, Mortgagee asii5
<br />pnterest may appear. At efu: option of Mortgagor{sy, and subjecx to general regulations of the Farm Credit
<br />st,dm inistrat{prt, satins so receivedby Mortgageemay beused to pay for reconstruction of the destroyed improve-ment{s);
<br />or, d not w applied, maY,.atthe optionaf Morigegee,.bs applied in payment of anyindebtedness. matured orunmaturtsd,
<br />secured by thicmortgage.
<br />(3) Ta keep all ttuildittgs occupied and in good repair, and to refrain from the commissipn of any acts of removal,
<br />demolixion er imp+titmeni thereof;. not: to cut or remove. or permit to becut orremoved; any wood err Yimber fromsaid
<br />reef property, and to comma or permit na was;e or impairment-ofths value. of this. security; to continunusiy praeticR
<br />approved methods of fermatg on said. Sands, toprevenf erosion and the spread of-noxious anddamaging weeds, andia
<br />c*res~a thee tertiiiiy of the stiff.
<br />!4) Ttaat in 4ht event Martgagar;st faiisi to pay. when dale any taxes rental charges. upon any leases assigned as
<br />additional stscuriry far this mortgage, liens,. judgments, err assessments lawfully aasessedagainst the property tTerern
<br />martgaped, or fauil~l to maintain insurance as httrainbefore pravafed, Mortgagee rrtay make sucf¢ payment err provide
<br />such ¢nsurana;~e: end the amountis) rn9.id xhere#ot shati..~n,comea part-oiitreindabtednesusecured. heretry.: due and
<br />payable rnacoediaxaly, and strait Lacer interest at the cusreata rats of tfta Mortgagesat the time the Martgegere makes such
<br />ynyrruant.
<br />5} That in ~ Rvtmi Aiort{faga:Isi <]aiaultisk i:t the payment of said prmcipatsum, or to tlaarRpaymant of any additional
<br />auttarrca{s} tTSade its hereiTi ptavidnrl, or of anq intHr9»t ilTerrron, at the time:wtrenthesante shaitbe dus.orwith respect to
<br />atrttY Covenant err ca>ndiLen hereat, thRn, at t}ru option r.tf R+lartgagee.. the entire indebte$iroess secured hereby slwi
<br />4wthwrtia trecame due and payarriw., shell bRar rntarQat at the currertd rateotftraMavtgageee an the date of fife datauit. and
<br />e3rt iMortgsgier mmlt ¢rnrTaadulteiy fore.cios.~ time marryay~ or pursue anyotf.eravailabletegal;rsmedy:. Iritheavencof any
<br />+71."tiOrtt by J+ti~rigagser to an tiarCro t;Of kR/;tipn O t Tile r»art Lia{,tP, d R9 t. Lh~T NtPriga#rtlri 8: 3C!f Rat$i that ally axplsrtse elTCbrrrrd to
<br />pr4C:,,ra x~r exFand ass abatre~, t of tit:® shad. whesre geed by t4tart ttagrta. or.came el~mrY tY.i ttSadebi svcuraid fTaraby, and shah
<br />fs4 ;>+t~ Pry !Yt»ri~streTr s-srr tng.~~r ,re'sth ail =zf thn taxable e:o-,ax ;~t strGh;9C71on.
<br />nw«,...« .ere,.... -- .,,... ,,,~ w --....:,,,,a~ a~•:rn r,.e .• aM,.,,.,.,,;,..aw..,.v..uan #¢w+a..
<br />TWr ....- Mk M '3 MVr'ly.a1 8aa+. a+
<br />., err rn, .r.,m../wb a ,. .,...vtr+ r ,x~i a..w~ n ..5 ..,., _ .,aye. ~*,• r. a,f.~ p w~ rwt.Naes x.'+ ~~"Nr9.a.+ ..r..'a 4# xee. ,teN n ~ . ..erg .can .~ wu,n..
<br />
<br />
|