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REAL ESTATE MORTGAGE Fcen Fte zoo (Eev. 1-»)
<br />_-..-a2 June S. 1979
<br />f~ Jerry R. Dibbern and Verna F. Dibbern, husband and wife
<br />- ~' ~ - Mortgagors,
<br />ct Hall County. Nebraska Sn corsSderatlon of
<br />-- ~ tDe advance of the print tpa: sum recited in the note hereinafter de err lb ed, receipt of v+hlch Ss acknowledged, hereby
<br />i:nrtgage and convey to
<br />THE FEDERA! LAND BANK OF OMAHA, a Corporation,
<br />of Omaha, Douglas County, Nebraska, whose address
<br />•f is Farm Credit Building, Omaha, Rebraska 68100,
<br />4 Mortgagee (subJect to oil, gas, and mineral rights owned by parties other than Mortgagors; existing ens enients of
<br />. record; reservations in United States and State pateras; anA the rights o.* the public Sn all highways j, the following~~
<br />described real estate in Hall County, Nebraska
<br />SEC. TMP. RG.
<br />~ N'~SW'~--------------------- 35 11N 1.2 W6thP.M.
<br />containing 80 acres, more or less, together wiih s.l the :•1ght, title, antl 'merest
<br />;now oared or hereafter acquired) of the Mortgagors in said property, Sr,c lading all build irgs, Smprnvem?..^.ts, fixtures,
<br />nr appurtenances thereon or hereafter placed thereon; all water, Srri gatlor., and dra±nage rl gh ts; the tenements
<br />hereditaments, and appurtenances thereto and Lhe rents, issues, crops, and profits aresi+lg from said lands; and (if
<br />the Mortgagors rlgh is Sn the public domain are required by Mortgagee ..*or senuri ty purpcses) all leases, permits,
<br />licenses, or pr*vl loges, appurtenant or rnn appur ten ant to sail mnrt gaged ^^_mi ses, new or hereafter issued, extended,
<br />nr renewed to .,he Mortgagors by the United Sta*_es or the stste in whSch~tne abc ve-desrr'Ded p ^perLy Ss located or
<br />~+tl',' depsr tmen t, Gurean, cr agency thereof. -
<br />i'hls mortgage 15 g; von to secure a pror!i ssory note of even date herewith, exec~a led Dy Mortgagors to Mortgagee, in
<br />the principal sum cf ONE HUNDRED THIRTY-FOUR THOUSAND TWO HUNDRED AND NO/100 - - - DOLLARS
<br />payable wiLD interest ancardlns^ L^, Che L._.ns c' sa;d aotz, tri<- final paym=n[ bei:.g due and pagst~l2 on the tlrst day
<br />nf_ September, 1999 1t;Ss enrvey ante shsli De void upon r,*,? psyment of ssid promissory note.
<br />?'his mortgage is suDf act to the provS dens o.* t?c" eARM CREDIT ACT and ail ants amendatory thereof or supplemental
<br />thereto. The prDC2eds of the loan secured hereby wi it b2 used for t.*:e purposes speei;led >n the tiortgagors~ appii-
<br />eation for said loan and authorized by said F,c U.
<br />Tti2 Mortgagors, and each of them, hereby wa.. ant that they are fee owners of file mortgsged real property; that they
<br />°•Si1 dafehd the title against all ciaimsnts whcrosoev?r, 3rd LDat said property Ss free from sl1 encumbrances: Chat
<br />they will keep all the _mprorem2nts, fixtures, end sppurLenarces nncupied and in good repsir and permit no acts of
<br />waste' and that' will relinquish all rl ghts :i_ homestead 1^ said praxises, and covenant and agree with the Mortgagee,
<br />as follows:
<br />(if 1?:at they :viii pay weer, due ___ texas, liens, _+u~~:..ents, o.^ assessments which may be lawful?y assessed against
<br />to>_ property herein mortgaged.
<br />(2Y Tnat the'; will insure sr:d 'seep insured buildings or other Smprovemen is now on nr which may hereafter be placed
<br />on sold premises Le the satlsfacrion of the Mortgagee, s[:Cti insurance pollny shall be endorsed with a mo..^tgege clause
<br />with the loss Lher°•under to De payable [c [ne Mnrtgag?e_ Aqy sums received msy D2 used to pay for reconstruction
<br />of the des t<^ny?d Smproveeents; er it rc[ so applied, may, at the optica cf the Nortgag?e, b? aPpiied in payment of
<br />any SndeDtelness, mated or unmetur2d, sec+_..^2d by *-his mortgage.
<br />t3). Tn psq ell rents, fees, or charges now due or to become due under the terms n.* onto Jesse, ;;ermlt, license, ar
<br />privilege oxi the public domain whicD !s appurtenant or nonappurtenant to the mortgaged premises, wh'.ch has been
<br />issued, extended, or renewed by tP.e lkil led States or the state in wm lch the above-described property is Located; and
<br />to perform &^,d DOSE; re every act, eavenant, condition, and stipulation necessary to keep each of the same 1n good
<br />standing; and to eke every necesssy step to secure the reissue, renewal, or extension of each of the same; and to
<br />nssign, waive, pledge, or endorse to the Mortgagee each lease, permit, 1ln ense, or privilege If Mortgagnrs~ rights
<br />2n public Qomaln are required oy Mortgagee for security purposes.
<br />(4 j- That in the event the Mortgagee 2s a party to any 1l ligation affecting the security or the lien of its mort-
<br />gage,-including -aayy suit Dy tY.e iNirtgagee to Toreclose this mortgage or any suit In Whi cD the Mortgagee may be named
<br />a patty QeFendant in which St Ss otrllgated to protect its rights or lien, Srcluding condemnation anti bankruptcy
<br />procee4ings, the Mortgagee-may incur expenses and advance payment for abstract fees, attorney fees (except to the
<br />extent prohibited by iseY, costa, expenses, and other charges.
<br />(5J 'ttfat in the event the Mortgagors fail to pay when due any taxes, liens, ,7 udgments, or assessments, er fail t~
<br />maintaininsurance as hereintrcfore provided, ar fail.to pay rents, fees, or charges under trio terms of any Lease,
<br />permlE; license, -or privilege; or Mortgagee is required to incur expenses for abstract fees, ar,tornzy fees, posts,
<br />expenses, 8nd attier charges Sn eonnec Lic., with L tigati on, Mortgagee may make such payment or provide such irsvrance,
<br />or incur such obSigatian, and the amounts paid therefor shall Dacome a part of the Sndeb t.edness sex, ~.lred hereby due
<br />and p$yable 1®eedlataiy, and shall bast interest from the date of payment at the same rate as previd~d for default
<br />in the note.
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