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<br />~~~~ ~~ ~ ~ ~ itEA[. f~TAT£ MN}gT~A81E a ~~,~~ :_~~ - - ._
<br />T9- U t+2 ~ ~ 9 ~ ~- ~ --~~ X979
<br />Clarence G. Ostermeier and Velma L. flstermeigr {also knoPan as Yela~a Louise 0ster~eie3~
<br />husband and wife
<br />„,~rtrxo-°,
<br />o,. Hall Nebraska
<br />_o+~:. t, .., _ans!derati c.. „_
<br />the advance of the FrSncSFal stt-'+ recited in t.*.~ -.orE na~oln~•r s: .~v.~. :Ded..e~e•~., ;' ~c^ic`- '.a aekrowle„g=C. :^.e^eby f
<br />_ ,
<br />r,~rteage and convey t^
<br />THE FEDERAL LAMO BANK DF OMAHA, a Corporation.
<br />of Omaha, Douglas County, Nebraska, whose address
<br />is Farm Credit Building, Omaha, Nebraska 58100,
<br />Mortgagee (suDj ect to oil, gas, and mineral rights owned by par Lies other tDar. Mortgagors; eTisting easements o2
<br />. _.,,.. _, reservatidas In United States and State patents; and the rights of the public ir: a__ ni gsiways ?, the folla:v!ng-
<br />described real estate in Hall county Nebraska
<br />SEC. TMP. R6.
<br />W'~lE~ and Et-~IW~ {except a tract of land consisting of 17
<br />acres located in the E'~Idt~ of Sec. 22, Ttap. 11, Rg. 10
<br />in Hall County, NE, more particularly described as follows:
<br />Co~ncing at the NW corner of the E~Iv'W'~ of Sec. 22; thence
<br />in a Southerly direction at right angles along the Westerly
<br />side of said E~VW3y a distance of 892.2 feet; thence in an
<br />Easterly direction at right angles a distance of 830 ft.
<br />thence in a Northerly direction at right angles parallel
<br />to the West side of the E~itd'Z above described, a distance
<br />of 892.2 ft. to the North line of said Sec. 22, thence in
<br />a Westerly direction at right angles a distance of 830 feet,
<br />to the place of beginning) - - - - - - - - - - - - - - - - - 22 11N 10 W 6th P.M.
<br />containing 143 acres, more or Less, to they wi- ii a rti
<br />d arl?r^~a-. * acGU4-~d o. the Mart a ^rs Sn said ~ -- _ e rlcyit, title, and interest
<br />-tr w crone *ro sra 1 r g 6- prop?=' r ~ ---`~ - - ,gs, ~mpravaments, fixt?ses,
<br />ar appurtenances thereon dr hereafter placed thereon; all water r Sga!+ a ~ d.aiRege rights' the Tenements,
<br />hereditaments, and appurtenances thereto and the rents, Sss_+es, ._„ps, au^ ,,. of. ,s a..,,,ng from said lands; and (if
<br />the Mortgagors+ rights Sn the public Comala are required Dy Marrgez?e f = _ Farposes; all lease--, per2lts,
<br />iicesses,arprlv!leges, appurtenant ar nonappurtenant to sold martgaaged prs:nisesr~Spw ar hereafter issued, extended,
<br />Dr renewed tc the Mortgagors by the United-States er the state in which t.*.e ?*_~ova-de°+=r1be<j p__ Prty 1_ located c
<br />any department, bureau, or agency thereof. - ~-
<br />This-mort~ge is given to secure a promissory nete of even data ,,",zrewith, executed Dy Mortgagors to Mortgagee, in
<br />- .the prineip?1 sum of F.TGHTV_F.T(:HT THt1TT1;ANn NTNF RTTNi11tFTl ANn N(1/lfif) - DOLLARS,
<br />payable with interest sccording to the terms of said note, the final payment Deirg due and Payable on the first day
<br />of February. 2008 Tnls conveyance shall De void upon the payment of said promissory note.
<br />-This mortgage !s subject Lo the provisions of THE FARM CREDIT ACT and all acts amendatory thereof or supplemental
<br />thereto. The proceeds of the loan secured hereby will he used for the purposes specified in the ttortgagars+ appll-
<br />catlon far slid loan and authorized by said Act.
<br />The Mortgagors, and each of them, hereby wa.*rant that they are fee owners of the mortgaged real property: tha4 they
<br />will defend the Title agalrst x21 claimants whomsoever, and that said property is free from. all encumbrances; that
<br />they will keep all the improvements, fixtures, and appurtenances occupied and Sn good repair and permit no acts of
<br />waste; and they will relinquish all rights of homestead in said premises, and covenant and agree with the Mortgagee,
<br />as ioilows:-
<br />(ij That they will pay when due all taxes, liens, judgments, or assessments which may De lawfully assessed against
<br />the property herein mortgaged.
<br />(g} That they will Ensure 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 loss thereunder to De payable to the Mortgagee. Arty sums received may be used to pay for reconstruction
<br />of tY,e destroyed improvements; or, if not so applied, may, at the option of the Mortgagee, be applied in payment of
<br />_ -any itt^ebtedness, Saa.tured or_ur;marured,. se~;u~=d by this mortgage.
<br />(3} To pay all renLS, fees, or charges now due or to become due under Lhe terms at eat*, lease, permit, license, or
<br />privilege on .he public domain which is appurtenant or nonsppurtenant to the mortgaged premises, which has been
<br />issued, extended,-or renewed by~the.United States or the state 7n which the above-described property is located: and
<br />--to-perform and observe 8serf act, covenant, condition, and stipulation necessary to keep each of tae same Sa good
<br />stead!ng;.and to-take every necessary step Eo secure the reissue, renewal, or extension of each of the same; and to
<br />sss!gn~ waive.;. pledge, or endorse to the Mortgagee each lease, permit, 1?tense, cr privilege If Mortgagors rights
<br />,:n.puh_S^ damain:are.required Dy-Mortgagee ior-security purposes. -
<br />(4}--That In the event Che Mortgagee.ls a party to cny litigation affecting the security ar the lien of its mort-
<br />Bage-,..Sncludingagy suitDy the Mortgagee to toreciose.this mortgage or any suit in which Lhe-Mortgagee may be named
<br />a.: party defendant-in which-1t -1s obligated to protect Sts rights or lien, including condemnation and bankruptcy
<br />• proceedings, tiie Mortgagee may incur expanses and advance payment far abstract tees, attorney Ices {except to the
<br />extent-prohibited by:lape};COStS;-axp~~RSes,-and other charges.
<br />(5}-141aE in the--event the--Mortgagors t811 to pay witch due any taxes, liens, judgments, or assessments, or fall to
<br />maintain insurance as kereinlsafore psnr-ided, or -fail to pay-rants, fees, or eDarge3 under the terms a_r any lease,
<br />-permit;-lSCense-, or privl2e~; nr Mortgagee is regulred Lo incur expanses far abstract fees, attorney tees, casts,
<br />- expenses,-and other charges--Sti.con;tectlon with litigation,-riortgagee may make such payment or provide such insurance,
<br />-ar incL: ~:a.~. -obligation-; -anH the-amo;tnLS paid-therefor sha13 become a part of the indebtedness secured hereby due
<br />and payable i~gediataly, a¢d shall:tiasrinterest-from Yale Hate of payment at Lhe same rate as provided for default
<br />in Lhe note. .. - -
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