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<br />rs>rvTtA,~ foa~a raa....7....i.AS...199._...._......... 7g-~J (1
<br />Txas INTJEItiT^rI~ItE ~ITrrESeE-~•x, that Tots Baxter, also known as Thonas Baxter and Thos S. Baxter,
<br />~ and Elizabeth Baxter, husband and wife; T & E CATTLE COMPANY, a Nebraska Corporation; and
<br />LITTLE B°S'CORP., a Nebraska Corporatfion
<br />of .Hail County, Nebraska, herein relied Mt)RTrA(;t7R. in ennsideretiou of is j00,000 ~~ in hand
<br />paid, does he:ebp grant, bargain, sett and convey to T}IE PRUDENTIAL I1tiSURANCE.{'C)AiPA\t" C)F A?ttERiC A. x carporatioa
<br />of the State of New Jersey, having its principal office is the City of Newark, New Jersey, herein called MOItTt;ACiEE, its aucoesxors
<br />i F and assigns forever, the following described real estate situated in 4k9 X)trI(
<br />t = Hall County, Nebraska, to-wit:
<br />Tract 1. The Southwest Quarter (SW-1/4) of Section 13, Township 11 North, Range 10 West
<br />~, of the 6th P.M., Hall County, Nebraska, except tracts of land conveyed to the
<br />~,. City of Grand Island by deeds recorded in Book 112 at Page lli, and in $ook 153
<br />~ at Page 366;
<br />~; ~~ Tract 2. The East Half of the Northwest Quarter (E-1/2 NW-1/4) of Section 15, Township 11
<br />North, Range 10 West of the 6th P.M., Hall County, Nebraska;
<br />~' Tract 3. The Southwest Quarter of Section 9 (SW-1/4), Township 11 North, Range 10 West
<br />of the 5th P.M., Hall County, Nebraska, and
<br />_ The Southeast Quarter (SE-1/4) of Section 9, in Township 11 North, Range 10
<br />West of the 6th P.M. in Hall County, Nebraska.
<br />:.~ ,
<br />Including all irrigatior. and water rights, irrigation wells, pumps, irrigation
<br />equipment and accessories thereto.
<br />Subject to easements of record and to existing roads and highways.
<br />Containing in ail 550.00 acres, more or less.
<br />together with nll the sppurtenancea thereunto belonging or is any wine pertaining 4hareto. Mortgagor relinquishes sli rights of homo-
<br />stead and all other contingent interest in said premises. The conveyance at the premises above described together with all the rants,
<br />ireuee and profits thereof is made to aeaura the repayment of s loan made by the Mortgagee to the Mortgagoq se evidenced by s promia-
<br />sory note of even data herewith in the principal sum of _~-.,- .~- - _ _ -e.w..-. ., ,,,.~>,~ ~--„-_---
<br />- Seven Hundred Thousand-and~No/i00---~------~t-,-~--..-.--~--- Dallare
<br />(f ~()(~,~~~ ~0- - -- ), executed by the Mortgagor cad payable to the order of the Mortgagee, with interest at the rate
<br />therein fiat forth, the principal and interest payable in accordance th the terms of said promisaor~ aata, cad 8aat1Y maturing an
<br />January 1 , 19 g4. All soma due shall bear interest after the due date at the rate of it%per annum, and with a
<br />r~sasoaahle attorney's tee u map be determined by the Caurt,
<br />Mortgagor hereby expressly covenants and agrees with Mortgagee, ds tollowa:
<br />I. Mortgagor is lawfully seized of an indefeasible estate in fee simple free from encumbrances and has good right and power to
<br />convey an absolute title, in fee simple, including all the rights o[ homestead, and will warrant and defend the title to the same against
<br />all lawful claims.
<br />2. To pay all soma hereby secured when due.
<br />3. To pay when due all taxes and assessments of every type or nature levied or assea4ed against said property, or upon the Mort-
<br />gagee's interest therein; and also to pay any claim, lien or encumbrance against said property which may be or become prior and senior
<br />to the lien o[ this mortgage.
<br />4. To keep all buildings on the mortgaged property insured against toss and damage by fire, windstorm and other hazards, with such
<br />solvent insurance company or companies, and in such amounts, as are satiafactnry with the Mortgagee, and with the proceeds of loss
<br />payable to the Mortgagee as its interest may appear. The policies of insurance, and abstracts and other evidence of title, shall be delivered
<br />W and held by the Mortgagee without liability, and upon foreclosure of this mortgage, or acquisition o[ the real estate or any part thereof,
<br />in any other manner, shall become the absolute property of the Mortgagee. The loss procecda (less expenses of collection) ahali, at
<br />Mortgagee's apQon, be applied to said indebtedness, whether due ar not, or to the restoration of the improvements, or all or any part
<br />thereof may be released by Mortgagee. In event of foreclosure Mortgagor authorizes and empowers Mortgagee to effect insurancz upon
<br />the premises in the amounts aforesaid for a period covering the time of redemption from forectoeure sale, and it necessary therefor to
<br />cancel any or all eziating insurance policies.
<br />S. Mortgagor ti) will not remove or demolish not alter the design of atructurai character of any building new or hereafter erected
<br />upon the protniaes unless Mortgagee shall first rnttaeat thereto is writing; (ii) will maintain the premises in good condition and repair;
<br />fits} wlll not eommlt or coffer waste thereof; {iv) will not cut or remove nor suer the cutting or removal of say trees or timber an the
<br />pry {except for domestic ptiryt~s) wlthaut M~tgagee's written consent; .v} will comply with ail laws, ordinances, regulations,
<br />covmanta. aoaditiona cad r~Aiatioas aRecUng the ptemimee. and will not au8er or permit any violation thereof.
<br />0> Fn t3te event Martgagor fails to pay my claim, lion or eaoumbram~ or the taxes or ass~ments above mentioned, or pay the
<br />pRtmtiams of lAtsmr'aaee, ~ keep. said prsmisas in repair. nr shall commit or permit the nammieaioa of snp waste, ar shall default in the
<br />patformanee of asy of tbs farms, oovenwnta cad agreemeate ~ the promissory note ssanred by thin mortgage, ~ of this mortgage, a
<br />g tlta >idor~agor a`.tall sbaadtut said psanerty. w' if the. Mortgages Shall be made a party in nay suit on saaouai of the e~tenae of
<br />the mart~ge or invdviug tba title to said rani ata-te. the Mortgagee may pay said alairns, iieoa, araac:m`.: ancsa, taus, 25saesmea4, w
<br />grsmiesmr, with sjght ot, auhmgatian the~rrrder, ~-make rep~rrk or ouraha^e a -tai title, and may procure anal abstracts of title ar
<br />~~.a'-~ L-' Gtr'. '~ _= dam? "-"`"° . ~ Fat° ~urS a.,o,o, :dl :v.ms so a wsth i-,tarast at txs ,:taxirru
<br />paiw nx tats aiia..`abi®
<br />~ ~~, t<-! -his sf ;3arE-~. - i~I~s ~ s°°;f.~, ~ °'~ the shale ~ '. inrta;i;;~ s~v: ad ;;~ribr ~hsll ~_»-._.e
<br />6Dd i» immeitittroety due aCd pipatrie at the opiaort of the niargfaw3ee wittWnt notice ar d~aad, :ixle$ era Itorety expressly was vnd,
<br />and rim mortgage may bs faeetwed.
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