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REAL ESTATE MORT~A6E FO HM Fla zca {ae~. 1-
<br />pg+e May 24, 1979
<br />Mark Sullivan (also known as Mark Sullivan) and Karen L. Sullivan (also
<br />as Karen Sullivan), husband and wife Mortgagors,
<br />Hall
<br />br Ceun tv Nebraska ir. consideration of
<br />the advance of the principal sum recited 1^ the Here herelnaf ter descr lb ed, r?c eipt of which is acknowledged, hereby
<br />mortgage and convey to
<br />THE FEDERAL LAMD BANK OF OMAHA, a Corporation,
<br />of Omaha, Douglas County, Nebraska, whose address
<br />is Farm Credit Building, Omaha, Nebraska 68100,
<br />Mortgagee (su6~ect tc oil, gas, and mineral rights owned by parties other than Mortgago.s; =xistSng essements of
<br />record; reservations Sn United States and State patents; and Lhe rl ghts of the public Sn all highwaysi, the foilar,ing-
<br />descrlbed real estate in Hall County, Nebraska
<br />SEC. TMP. Rte.
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<br />curt airing 80 acres, mn r2 or less, to ge *_',er wl ~, all of the ri,yht tl tie, cr:^. irtFrest
<br />!r,ow owned u'r hereafter ac Gulredl of the Mortgagors 1.^, said property, !n•°ln~i.^.g ale ~uiid!rq; ^rovem?n ts, fixtures,
<br />^r appurtenances *_her?ca or h?reafter plsc?d thareen; all watt r, irrin~*.icr, and drainage -~°=5hts• the tenements,
<br />her?di tamen ts, and nppur*.=":antes Lhe re to end the .ts, Ss sues, crops, and profits a si^,g fro- slid lands: and (,•
<br />the Martg-.gors+ r'g`its 1n the pub 11 domain are .^equ 1.^e1 by Mor ee 'er se,;;r1t r ~
<br />Lo sa Leg }' purpasesj al_ leases, permit i
<br />~icenses,erprSv leges, appurtzr.=*,trc^ nonep~.:rtena<nt id ^~ortwged ,^em+s=s,n~~.w^:~ hereafter issued, extend=_d.
<br />gago _ by the Un ed _..__ Dnve-
<br />^,~ renewed to the crt 1t , , the ., to t_ Sn wh!c., ,..._ a described prcpe^ty 1s located
<br />ara• department, buraa;:, or~agen cy th?reef. .
<br />i27s mcrt gage ;s given t„ ___..-? a prcmissa:y cote o. even date herewl t*., ?xecu to^_ Dy .,~. L.sgors to Men*pa.,e?. ..,
<br />the ^rirespai sum tf ONE HUNDRED TEN THOUSAND SIX HL".v~RED 4:1TD 'y0i 100 - - - - ,,pL R~
<br />~aya~_~+with ...terns+_ .>c°„rulag to G,? Lzrr~ of ssi^_ ..,,__. ^a .~_ '
<br />^ ,n `~:• - '• *lt ;g die a„-., ,,,.y Spit' J CHIP .a ~L. -y
<br />of ,lanuary, 2008 e
<br />4?is co:-,v?y ant shai. beSd ,_., __._ pay,.~ni_. said ,romisse ..~__.
<br />ry
<br />Tr,1s mortgage Ss suD3 ect to the provisions oS T9E FAR'7 C.R ~i"' ACT a. a?' act..^> ~^,endat ~;v th??•?cf er supplemental
<br />Lhereta. The nroa eels of the Lean secured hereby wl ll be used ier .,,, ,, pose= specific 2 the Mertgagors~ appll-
<br />catlan for said loan antl au*.harizeC by said Rcc. _ y
<br />;vim Mor ~gagars, sod each of them, he_*eby warrant teat they are fe? own=rs of the ;mortgaged reap prep?r ty: that Lhzy
<br />wi_i de_en=_ Lhe title against a_~ ,iaimants w*,R?s sever, sod the*. sa;9 roperty i free L-em _ encu.~br=.c es: -
<br />they will k?ep all the S.mprnvements, ..*ixtures, and appurtenances occupied esd 1.;egoc^_ repalr~ard permit rc acts~cf
<br />wy^te: and they will rellnquisn all rights n7 homes*_<_a^ in said premises. an''rovenant a .. ti ee a:ith t.,_ .,o.t~ ogee,
<br />as frll ys; - .- r g
<br />{17 Teat they will pay when doe all taxes, liens, Judgments, or assessments whi^h may be law.^,rlly assessed sgalns^_
<br />the property here!n mortgaged.
<br />;21 Ti:at they will insure and keep Sasu:•ed buildings er other lmyravements n~~w c^ er whit,`. may ter eaf ter be piece'
<br />on Bald premises to the sat lsfactian a_* th? Mortgagee, such Snsurarce policy ,hall be a.^.dorsed w_t~n a ^•ortgage clans?
<br />with the loss thereunder to De psyaDle to Lhe Mortgagee. A,~ sums received may b= used to pay ..*or reconstruction
<br />of the destroyed Smprave:neats: or, if .*.a[ sa agglieC. msy, ac the ap*_SOn et '-he ~ ^tga._-.e e. be eppiie~l ir. P-J'm?r.C ^
<br />ar{v IndebteW,ess, matured or unr~atur=u, secured by this mor *_3age. ~~J• ~~
<br />(31 To pay all rants, fees, or charges now due or co become due under the terms cf each leas?, permit, license,
<br />privilege on Lhe public domain which Ss appurtenant or nonappurtenaat to *..ha mar Lgag?~~ premises welch has b
<br />issued, extended, or renewed by the United Stales or the state Sn which the above-described property is locateC; and
<br />~a perform and obser+e every act, covenant, condition, and stipulation necessary to keep each of C..*,e Sam? Sr. gta
<br />Standing; and t0 Lake every necessary step Lo sec.n•e Lhe reissue, renewal, er extension. Of each of t*,e same; and tc
<br />assign, waive, pledge, or endorse to the Mortgagee each Tease, permit, license, or privilege Sf nortgagors+ rights
<br />in public domeln are required Dy Mortgagee for security purposes.
<br />{4) TSiat in the event Lice Mortgagee SS a party `u any 1i41gat1an atfecting the security cr the ilea cf its mcrt-
<br />gags, including aq}r suit by the Mortgagee to foreclose Lhis mortgage or any salt Sn which Lhe Mortgagee may De rained
<br />a pBrLy defendant In which it is obligated to protect SLS rights or lien., including cendemnatltn and bankruptcy
<br />prop eedings, the Mortgagee may 4ncur expanses and sdvsnce payment for abstract fees, atte rney fees {except tc the
<br />extent prohibited by law}, costs, ezgenses, and other charges.
<br />"l5i That in the event the Mortgagors fail to pay when due any taxes, L'ans, Sudgmenis, cr assessments, or fall to
<br />^^-S^.*s±^±n ~: n_y hc~oi~hufnrn „rnvt~laA r_r rA~i r^ nnv rents. fees, ar charges and?r the terms of any i?ase,
<br />perm t;,, license, or privllege; or Mortgagee is required to Incur erperses for abstrac*_ *?es, a*tarhey lees, costs,
<br />expenses, and other charges in eenneetlon with l±tlgation, Mortgagee may make such payment or provide such insurance,
<br />o. incur such obligation, and the amounts p~ld therefor shall become a p~ t of the .ndebtedness secured here;,y dve
<br />and payable immediately, and shall bear interest from the date of payment at WSe same rate as pravl ded for def au l'.
<br />n the note.
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