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~' <br />~~~-i3~1~~d <br />a r:Lghits, and all claims ar demands in law or equity in or to such <br />land:, subject to any oil, gas and mineral reservations ar convey- <br />- az~c~s of record., any life estates of record, any easements and <br />r~'~ghts of ways of record, and to any existing roads and highways <br />{hereinafter referred to as "Mortgaged Property„) <br />IZI. REPRE5BN3'ATIONS, Sv~ARRAN~'IES AND CQVENANTS OF TIIE <br />~2?R~'GAGOR. <br />'T`he Mortgagor hereby represents, warrants and covenants as <br />follows:. <br />A. Valid Partnership and Good Standing. <br />Mortgagor is a duly organized, validly existing general <br />partnership under the laws of the State of Nebraska and. has full <br />powers and authority to awn the Mortgaged Property and to exe- <br />cute, deliver and perform its obligations under this Mortgage. <br />H. Partnershig Authority. <br />The making, execution, delivery, performance and recording <br />cf this Mortgage has been duly authorized by all. appropriate <br />partnership actions and does not violate cry law, regulation, <br />rule, decree or other judicial order, does not violate the <br />Articles of Partnership and does not constitute breach or default <br />under any cantraat, indenture, mortgage, lean, credit agreement, <br />or any,ather agreement or understanding to which the Mortgagor is <br />'a> party <br />C. Warraaity of Tittle. <br />ASOrtgagor warrants tfxat it has gaud. and market.abe title, <br />free and clear of all liens.... encumbrances, conditi.ars, li.mitatians <br />and covenants other than util>ty easements, any reservations of <br />- 4 - <br />t <br />