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r~I:r.u~:~fTl~tf~ I.t:MAti ~a...,."~ 1f~,5 ,14;~ "._....._ °tl~~~IB~ rrata~~rr~'ed~ ~~;~^r~~~s~~~~~~^H,~ t~.at CARL R, n'~A~A:H ane~ LUEtLA ~~~. '~JA~A'.&l, iausband 3lIIfd wife, eacYu. i,ndi+u~idtaallly in. his afid her ol~1n ry.ght and as.. spouse of the other, of Ha12 Covaty, Nebraska, herein callev3 \tCSRT^:ACif)R. ir, ennFiderstian at 5300,{)00.00 in hood paid, dose hereby grant. bargain, sell and convey to TitE PI{t'I)ENTIAL 1NSURA:d<'E CC>iroiYA\1" C)p' ASiERI('A, x ccapora'ion of the State of New Jersey, having its principal office is the City of Newark, New Berney, herein called Sf()ftTC:AtiEE, its suooeaann sad assigns forever, Lhe toilowiag described real estate situated in the d Hall County. Nebraska. to-.rite North Half Southeast Quarter (N/2 SE/4) of Section Twenty-two (22}; West Half (WJ2} of Section Twenty-three (23); and North Half Northwest Quarter {N/2 NW/4} of Section Twenty- six (26), ALL in Township Nine (9) North, Range Nine (9) West of 6th P.M., Hall County, Nebraska, including all irrigation equipment and accessories thereto, now used or hereafter used; SUBJECT to easements of record, and to existing roads and highways; Containing in all 480 acres, more or less; together with all the appurtenances thereunto belonging or in any wise pertaiaiag thereto. Mortgagor relinquishes all rights of home- stead and all other eontiagent interest is said premises. The oonveysaae of Lhe premises above described together with all the rests, iasnes and profits thereof is made to secure the repayment of a loan made by the Mortgagee to the Mortgagor, ae evidenced 6y a promis- sorp note ~ even-date herewith in the principal sum of ----------------------------------------- --------Three Hundred Thousand and no/100---------------------------- ~~~ (: 309, OQO 00 ), eaeauted by the Mortgagor and payable to the order of the Mortgagee, with interest st the rate therein eat forth, the priaoipsl and interest payable in accordance with the terms oP said promissory note, and finally maturing on April 1, , i8 94. All soma due shall bear interest after the dos dais at the raze of II%per annum, and with a reasoaabie attorney's fee ee may be determined by the Court. B3ortgagot hereby eapreenlp covenants and agrear with Mortgagee, sA follows; 1. Mortgagor is lawfully seized of an indefeasible estate in fee simple free from encumbrances and has good right and power to convey an absolute title, in tee simple, including all the rights of homestead, and will warrant and defend the title to the same against all lawful claims. 2. To pay all sums hereby secured when due. 3. To pay when due all taxes and assessments of every type ar nntuze levied or asse~cd against said ,~rop2riy, or agun the iwiori- gagee'e interest therein; and also to pay any claim, lien or encumbrance against said property which may be or become prior and senior to the lien of this mortgage. 4. To keep all buildings on the mortgaged property insured against lase and damage by fire, windstorm and other hazards, with such solvent insurance company or companies, and in such amounts, as are satisfactory with the Mortgagee, and with the proceeds o[ lose payable to the Mortgagee ea its interest may appear. The policie° of insurance, and abstracts and other evidence of title, shall be delivered to and held by the Mortgagee without liability, and upon foreclosure of this mortgage, or acquisition of the real estate or any part thereof, in any other manner, shall become the absolute property of the Mortgagee. The loss proceeds (leav expenses of collection) shall, at Mortgagee's option, be applied to said indebtedness, whether due or not, or to the restoration of the improvements, or al! or any part thereof may be released by Mortgagee. In event of foreclosure Mortgagor authorzes and empowere Mortgagee to elect insurance upon the- premises in the amounts aforesaid far a period covering the time of redemption from foreclosure sale, and if necessary therefor to cancel any or all eaiating insurance Policies. 5: Mortgagor (i) will not remove or demolish not alter the design or structural character of any building now or hereafter erected spas the premises unless Mortgagee shall first consent thereto in writing; (ii) will maintain the premises in good condition and repair; {iiij will not commit or Buffer -waste thereof; (iv) will not cut or remove nor suffer the cutting or removal of any trees or timber on the _ ~emfses -(except for dornestic purpceea} rvitlzout Morigagee'a written eoaasnt; (v) will comply with all laws, ordinances, regulations, covenants .conditions and restrictions affecting the premises, and will not suffer or permit any violation thereof. 1I, Ia the ereat;Mortgager fsr7s to pay any oiaim, lies or eaaumbrance or the lases or assessments above mentioned, or pap the prmnicros Mtaancse48, of keep:s<id pigmisetr in repair, e- shall commit ar permit the commieaioa of any waste, or shall dotault in the gerfoatiis6se of>eny of the terms, aovensata sod agraepneata of the promissory note aeoured hq this mortgage, or of thin mortgage. or tf` the tot shall abandon said propetiy: or it the Mortgagee shall be made a party in anq suit on aocouat of the ezistenae d this mvregage ~ involving tine title to raid foal esR+.te, the Mortgagee map pay said claims, liens, eaeumbranaee, to:~, easessmeats, ar pr~":afstn, +ith-right of eztbragetipa thereunder, or make repays, or purohaee p talc title, sad cosy procure each abstracts of title ar ct'~.a ava~sri;se of title sa it classes ray, or Pay oouM oaots, and all sums so paid, with ingest at the maximum rate aitowable by iaw, shall become a Past M the indel*tedaese hereby seemed, wad also the whole of the indebtedness secured hereby shall become sad be immedatelq due and psgsble at the oDtioa of the Mortgagee without aotiae or demand, which are hereby expressly waived, sad thin mortgage cosy be foreclosed.