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<br />_ Marvin G. Welty and Alice Al. Welty (also known as Alice Marie We1tu}, husband
<br />and wife
<br />. ..~rtgagc ,
<br />or Hall Cot:.,ty, Nebraska 1n consideration of
<br />the advance of the principal sum recited ir. t"? note hereinafter Gescribed,receipt~' w:7lcrc Ss ackrowi=dged, he,-aby
<br />mof-tgaga and convey to
<br />THE FEDERAL LAND BANK OF OMAHA, a Corporation,
<br />of Omaha, Douglas County, Hebraska, whose address
<br />is Farm Credit Building, Omaha, Hebraska fiBIOO,
<br />Hartgagee {sub,7ect to oil, gas, and mineral rights owned by parties other tbar. Martgagcr"s; existing easements of
<br />rernrd; reservations sn itni e-ens Sr.aces ana state patents-and the rights of tiie pubiS~ Sn all highways;, ?he.olicwing-
<br />described real estate in Hall ~caurty, Nebraska
<br />SEC. TkP. R8.
<br />Northerly $37.69' of the Westerly 260' of NW's - - - - - - 5 12N 11 W 6th P.M.
<br />~cntaining 5 acres, more or less, together with a1i of the right, ti tie, and 'merest
<br />{saw owned erhereafter acqulretl) of the Mortgagors in said property, including ail buildings, improvements,fixt,L es,
<br />-''^ aggarter,anees thereon, yr hereafter placed tnernon; ail water, irrigat'_on, and drainage rights; the tenements,
<br />4ereditaments, a^3 ~ppurtenarces 'hereto and r:,e rents, issues, ornpc, a_nd profits arising rrdm ~~id la;.d<=; ~~^ r,r
<br />the Martgagors~ rights in the public domain are required by Mortgagee fpr security purposes) all leases, permits,
<br />licenses, or privileges, appurtenant cr nonappurtenant to said mortgaged premises, aow ar her=after issued, extended,
<br />or renewed to the Mortgagors Dy the United States or the sGa t2 in which Che above-described Droner ty 2s iacate4 ar
<br />-~1y flFpa: wment, b-_reau, or agent;. *hnre of.
<br />.,,1s ;aart~ge .~ given v~ 3acure s pro~.,~svey Hate of even date lie*-ewicis. exeruLed by Martgagars ,.o Mar*magea, in
<br />~rt~mr ssmyr air~m . ~.,n
<br />+ ors u ~. ~v3 af -i•is.~ a - ii~nEiu a~vs,n aEn~s~is,~ 0 Nil! _i!tt - - - `.uiLAnS,
<br />-pa}ahle=w2 h +n Latest ~~~ca: dinF 'o *_h. * .N of ., .;3 ^n ~e _~a~ =aym_nt 'ae 1g -_ ..' ,, -- ,,. _..- t_. ~ :may
<br />of June, 2004 IY:i ; conveyance snail be void upon, the payment a` said promissory rate.
<br />This .mortgage Ls subs ect to the provisions of THE ^ARM C9ECIT ACT and 311 acts :.mendatory thereof or supplemental
<br />triereta. The proceeds of the loan secured hereby will be used for the purposes specified ±n the Mortgagors appli-
<br />cation Par said loan and authorized by said Oct.
<br />The Mortgagors, and each of them, hdreby warrant that they are tee owners of the mortgaged real property; that 'hey
<br />wail defend the title against all claimants whomsoever, and that said property Ss fro? from ail encumbrances: Chat
<br />-Choy will keey all the improvements, fixtures, and appurtenances occupied and Sn good repair and petY".it no acts of
<br />waste; and they will relinqulsn all rights of homestead in said premises, and covenant and agree with. the Mortgagee,
<br />sae follows:
<br />i` ,,,c,ti. .., „ ,R,„ .,,,. ~ha ., "'1 taxes, liens ~•Srlaments, nr assessments which may De lawfully assessed against
<br />the propertyVhereln mortgagsd,~
<br />(2) 'S'hat they will 'rs~W a sad keep insured buildings or ether improvements ,ow an ar which rcay hereafter be placed
<br />on said premises Le the satisfaction of the ;^ortga€ee, such insurance policy shall be endorsed with a mortgage clause
<br />with the .loss thereunder to be payable to the Mortgagee. Aby sums received may be used to pay for recanstructian
<br />o,* the destroyed improvements; or, it roG so applied, met', at the option of the Mortgagee, be applied in payment of
<br />erg indebted,:ess, maC.ired or unmatured, secured by this mortgage.
<br />(_? Tn nor all rentY, fe-g c, ~r c*s:_aes now due br to became doe under t;~e terms c=,` each least. ^tit, lloense, or
<br />privila~a an the public Qcmain which is appurtenant or nanap,ur*=n-sot to the mortgaged premises, which Has bear,
<br />iss±,ed, axtersded, a ...^.ered „y the United States or the state ~n w$ieh the abbve-described progeny is Lobated: and
<br />to perform and abser•+e evzry act, covenant, condition, and stipulation necessary to keep each of the same in govd
<br />-standing; and to Lake avert' necessary step to secure-the reissue, renewal, or extension of each of the same; and to
<br />assl~:, salve, pledge, ar endorse to the Mortgagee eaoh lease, permit, license, or prlvllege if Mortgagors rignts
<br />- in-fiublic-dorsa'_n are required by Mortgagee for security purposes.
<br />-(-d) ;fret-Ln the event the-Mortgagee -is-:a party tv any Sitigation atieating the security or the lien of its mort-
<br />gage-, lnnludirg any-salt-by the-MOrtgage2-ta Yorealose tY.is-mortgage or any suit in which cne Mortgagee msy be named
<br />a arty defendant in i9hich St is-obligated to pretest -its rights ar lien., including condemnation and bankruptcy
<br />pros-eaSings, the Mortgagee-may-.incur expenses and advatee paymeht far abstract foes, attorney fees (except to the
<br />--extent pre4lbited by Saw),-casts, expenses'; andnther charges, -
<br />(8;- 995at-Sn the event-the Mortgagors fa1I.LO p*}Y-when clue'any taxes liens, ,lodgments, or assessments, or fall to
<br />mairtaln insurance as hsreinbefore pr-~vide€i; or call to .pay renLS, fees, dr charges under the terms of arty lease,
<br />- r"s3'r~lt-, license, ar ypivilaga-; or-3iorcgagee--la-rgQUira2 to ineur~exgensas for abstract tees, attorney fees, costs,
<br />a,.~r~s, c.her ads in connection with 1Ltigatiun, Mortgagee may make such payment or provide such insurance,
<br />^'' 1H,.^-*,.. - .,b1i~L1 and 'i_e ambuunta ~y ai£~ thar'ePcsr -shall become a part ca the infleb tedness secured Hereby due
<br />and payable 1An+ediate3y, and shall bear lntef'esL from the date of payment at the same rate as provided tar d=fault
<br />.n Lug uv4a. - - - -
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