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<br />TE ldtf3tTf A6E
<br />
<br />Thomas A. Rauert and Paula M. Rauert-, husband and wife
<br />Fcr~+ ^le z+ae ; Rev, i-7r) ~ '
<br />:mate Pipril 10., 3.'79
<br />riortgagrrs
<br />of Hall County Nebraska in consideration of
<br />the advance of the principal sum recited in the note hereinafter described, receipt of which is ae;mowladged, hereby
<br />mortgage and convey to
<br />7NE FEDERAL LAND BANK OF ONANA, a Corporation,
<br />of Omaha, Douglas County, Nebraska, whose address
<br />is Farm Credit Building, Omaha, Nebraska 68100,
<br />Mortgagee (suD3ect tc oil, gas, and mineral rights owned by parties other than 'mortgagors; existing easements oI
<br />record; reservations in United States and State patents; and the rights of the public in all highways), the following-
<br />described rer!i estate Sn Hall County, Nebraska
<br />SEC. TMP. R8.
<br />NE~6---------------------------- 14 12N 10 W bthP.M_
<br />containing iou acres, more or less, together with all of the right, title, and interest
<br />(Haw awned or hereafter acquired) of the Mortgagors in said property, including all buildings, improvements,fixtures,
<br />or appurtenances thereon or hereafter placed *_herenn; all water, irrigation, and drainage rights; the tenem~°riw=,
<br />hereditaments, and appurtenances thereto and the rents, issues, craps, and profits arising from said lands; and (If
<br />the Mortgagors rights Ln the public domain are required Dy Mortgagee for security purposes) all leases, permits,
<br />licenses, orprlvlleges, appurtenant or nonappur[enant to said mortgaged premises, now or hereafter issued, extended,
<br />or renewed to the Mortgagors by the United States or the state in which the aY,ove-deserlbed property is io ated cr
<br />any department, bureau, or agency thereof.
<br />'i?tis.martg~ge is give^ to ser~sra a pr©mfssary _nca of oven Hare nerew±th, executed by Martgagar~ w ,...=.garee. .,.
<br />the principal-stun aF EIGHTY-FOUR THOU5t~T+TD THREE HUNDRED AND NO(1OO - - - - - - - - - vc~Y.l.ARa,
<br />payable with interest according to the terms of said note, the final payment being due and payable on the first day
<br />of March. 2008 ibis conveyance shall be void upon the payment of said promissory note.
<br />"'his mortgage is suGyect to the provisions of THE FARM CREDIT ACT and all acts amendatory thereof or supplemental
<br />thereto. The proceeds of the' loan secured hereby will be used Ior the purposes specified In the Mortgagors appli-
<br />cation fcr said loan and authorized by said Act.
<br />The Mortgagors, and each of them, hereby warrant that they are fee owners of the mcrtgaged real property; chat they
<br />will defend the title aga!nst all claimants whomsoever, and that said property is free from all encumbrances; that
<br />they will keep all the improvements, fixtures, and appurtenances occupied and in good repair and permit no acts of
<br />waste; and they wi'_1 relinquish all rights of homestead in said premises, and covenant and agree with the Mortgagee,
<br />as follows:
<br />(1) That they will pay when due all taxes, liens, judgments, or assessments which may be lawfully assessed agalnsC
<br />the property herein mortgaged.
<br />(2) That they will Insure and keep insured buildings or other improvements now on or which may hereafter be placed
<br />on said premises to the satisfaction of the Mortgagee, such Insurance policy shall be endorsed with a mortgage clause
<br />with the lass thereunder to be payable to the Mortgagee. A.'ty sums roclived may be used to pay for reconstruction
<br />of the destroyed improvements; or, Sf not so applied, may, at the option of the Mortgagee, De applied in payment of
<br />ariy-indebtedness, matured or unmatured, secured by this mortgage.
<br />(3) To-pay all ranta, fees, or charges now due or to become due wider the terms of each lease, Permit, license, or
<br />privilege on the public domain which is appurtenant or nnnappurtenant to the mortgaged premises, which has been
<br />issi;ed, extended,or-renewed by the United States or the state in which the above-deserlbed property is located: and
<br />to perform and observe every act, covenant,-condition, andstipulation necessary Go keep each of the same in good
<br />standingt and to take every necessary step to secure the reissue, renewal, or extension of each of the same; and to
<br />assign; valve, pledge, or endorse to the Mortgages each lease, permit, license, or privilege ii Mortgagors rights
<br />in public ddmain are required Dy Mortgagee for security purposes.
<br />(4) That Sn the event the Mortgagee is a party to any litigation affecting the security or the lien of its mort-
<br />gage, 4ncluding soy-suit by the Mortgagee to foreclose this-mortgage ar acty suit in which the Mortgagee may be named
<br />a party defendant in which it is obligated Lo protect Sts rights or lien, including condemnation and bankruptcy
<br />pradeedings; Lila Mortgagee-.may incur exD$nse3-and advance Dayment for abstract fees, attorney fees (except to the
<br />extent prahlblte4 by law), costs, expenses, and other charges.
<br />(L) Taat..in the-event Lhe Mortgagors fail-to pay when due aryy texas, liens, judgments, or assessments, or fall to
<br />maintain insurance as heralnDetors provided, ar fail to pay rants, tees, ar charges under the terms of any lease,
<br />permlC, license, or priv}lags; or Mortgagee is required to incur expenses for abstract fees, attorney Peas, costs,
<br />ercDanses, and other charges 3n coguiQCClan-wit11 litigatioa, Mortgagee may make such payment or provide such insurance,
<br />ar incur. szaah obligation, and the-amounts paid therefor shall benoma apart of the indebtedness secured hereby due
<br />and payable immediately, and-shall Dear interest from the date of payment at the same rate as provided for default
<br />Sn the note. _
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