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<br />PCA 73 tt REAI ESTATE MORTGAGE
<br />(7.73) !NEBRASKA
<br />(ORen-End: To Secure Present and Future Obligations and Advances!
<br />79- QE?~6?~ beta July >_?, is?~
<br />a - - M r 11 [' a wood __.__
<br />Mortgagor {sl.
<br />of F;al~ County, ____ Nebraska , in
<br />consideration of thm advance o1 the principal sum recited in the note hareineiter described and in consideration of luture
<br />advenc~es made byagto~t~~ona~n'~at~cg~r{~r°ti~~'y ~om~an~ hereinafter provided, hereby mortgages end conveys ta:
<br />whose principal office is at 424 W. 3rd Street, _Grand Island______ ,Nebraska. Mortgagee.
<br />the following described raei property in Ha _ _____ _ _ _____________ County, Nebraska.
<br />subject to od, gas, and mineral rights owned by pettily other than Mortgagor(s): existing easements Ot record:
<br />reservations in United States end State patents: +nd the rights of the public in alt highways:
<br />containing __ I- ID acres. more or less, according to Government survey. tagelher with aII of the right, trite. and
<br />interest of the Mortgagor(s) m said property now awned. ar hereafter acquired, and including alt buildings and
<br />improvemems now art, or hereafter placed upon, said real property. including also a41 water, irrigation, and drainage
<br />righis-
<br />This rnortgaga is given to secure
<br />{a) A promissory note dated 3uiv 1?, 19?4 ____ ,given by Mortgagor(sl to Mortgagee.
<br />cn the tint at sum of ar:3 no i Oq-_ _-_--_ "'- -_~Ot.LAR S.
<br />payable with interest according to she terms of said note and any instruments taken in refinancing, extending, or
<br />renewing said indebtedness or any Dart thereol;
<br />{bi Any future advance(s]. wrtn inieresI. which may be made lrom time to time by Mortgagee, at its option, to
<br />tvSorigagc: {s}, or any of them or their successors in title. for any pu:pase m any amount or amounts. Oravided.
<br />hawaver, chat such tutors and additional advance(s) shall be so limited that the total pnr~,-ipai amounu outstanding
<br />at any one time shalt not exceed the sum of Fi frv ^h-+ny~a_d and no /l Op-----------' bOLIARS.
<br />and pravidad further the future advances} so made shell be payebie in accordance wish iha terms of t promiaory
<br />note o: notes which may be taken to evidence such advanceisi o: ary part tnereor ~Tt¢ opiionai advance{s} herein
<br />authorized shalt be considered aCdnionat to the advancelsj herematter authoraeci to be n.•.da by the Mortgagee for
<br />the proteczion of the sac unity ar Mortgagee"s mxtrest therein }
<br />This mongege to be void upon the payment in full with interest of any abliganans. present ar future, secured or So Ha
<br />uecured hereby.
<br />Tha Mortgagees}, and oath of them, hereby wart antis) that they are tee owners of the mortgaged reel property: that
<br />LMy wilt defend the tine against all claimants whomsoever, and they relinquish all nghts of homestead in said premises.
<br />turd covenant and agree with the Mortgagte as toltows
<br />(1} To pay when due aft isaes, bans. lodgments, or assessments .vhrrh may be lawlutty assessed against the property
<br />hereui mortgaged. and the rental charges upon any leases aestgned as addiIIOnal security for this mprtgagt.
<br />{2± Ta insure and keep insured Duddmgs and otF.ar urprovemtnu now an or which may hereafter be placed 6n said
<br />premises to Lira saiistactian of flit tfortgagee. Ary policy evidencing such ,nsurarce shaft be endcrsed wish a martgaga
<br />chose. approved by and m tau or ai Mortgagee. and depavted with, loss tnereunder to be payebie to. Mortgagee as its
<br />interest may appeal. At the apt;or. ai fMlartgagor{s}. and sung-ct to grnrrai regulations of ilia Farm Credit
<br />Administration, sums to received by Mortgagee may be used to pay for raconstrucuon of the dtstroyad improvement(si:
<br />or, i4 net so appkad, ;tiny. ai the apiion at Mortgagee, toe applied in payment o1 any mdeDtednecs, matured or unmatured.
<br />secured by this mongaga_
<br />{3I Ta keep all 2tuild tags occup:e0 and in goad repair, and to eaten*n from she comm,ssior, at arty acts o} removal.
<br />6emobtion ar impairment therenl: not !o cut or remove, or permit to be col or removed. any wood or nmDsr Irom yard
<br />raei prapertY. end to commit or permit na waste or impairment of me value of flits security: to continuously practice
<br />approved niattsods of to=mmg ar, sa:d lands, to prevent erosion and the spread of noxious and damaging weeds. and to
<br />preserve iha fertility at the sod
<br />({) That in ttxa event Mortgagoris} sail{:y to pay when due any rases. rental charges upon any lasses assigned as
<br />additional security for ;his moripage. liens. judgments. or assessments Wwtully nsussed against the Dropenv herein
<br />morigaptd, or iadfs) to maintain insurante as herainMfare provided, Mortgagee may make wch payment or prowde
<br />stxcti inswanca. grid tM amount{si Paid therefor shall become a part of the indebtedness secured hereby, due and
<br />payabh immediately, and sisafl Mar interest at the currant me of the Mortgagee at the time the Mortgagte makes such
<br />paymsrit.
<br />{5i That in Lhe event filfartgagor{si defauftisi in the payment of said principal sum, or in the repayment of any additional
<br />advarip{s) nNda as Mrtin provided, or of anyinterest thereon, at the time when the same shall be due, or with respect to
<br />any covenant or r:w+dition fiat-oaf, then, st the option of Mongsgea, the enurt indebtedness secured hereby shall
<br />forthwith become dw and payaDra. shatl bear interest at the current rate of the Mortgagee an the date of the default. and
<br />tfte Mortgagee may irtbmediatety iorsciosa this mortgage or pursue any ottur awilabk legal remedy. In ilia event of any
<br />action by Mongagae to anloru caiteciion of the mortgage debt the Mortgagor(s) agrees}that any expense incurred to
<br />procure w extend an abstract o1 title shag, when paid by Mortgagee, become a pen of the debt secured hereby. and shall
<br />ba paid by Mortgagor(s) together witfi dl of [he taxable coats of such action.
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