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REAL ESTATE ~tt7RTGAGE ~oer~ vta zc~ ,ae,~. i-,a)
<br />
<br />~r;ite November 14, 1979
<br />i.
<br />Cloy E. Roth and Ora E Roth husband and wife
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<br />_:.9
<br />Ma,t ors
<br />^ gag___.
<br />of Hall county, Nebraska in consideration of
<br />the-advance oP the principal sum recited Ir. the note hereinafter described, receipt of which is acknowledged, nereby
<br />mortgage and convey to
<br />THE FEDERAL LAND BANK OF OMAHk, a Corporation,
<br />of Omaha, Douglas County, Nebraska, whose address
<br />is Farm Credit Building. Omaha, Nebraska 58100,
<br />Mortgagee (subJect to oil, gas, and mineral rights uwreC by parties other Uhar. Mortgagors; existing easements of
<br />record; reservations i^ t;r.ited States and State patar.ts; and the rights bf the public in all hlghwayst, thefollawing-
<br />descrlbed real estate in Hall Ca;;r;;,y Nebraska .
<br />SEC. TMP. R6.
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<br />containing 80 acre,, mere cr less, together witT; all of the rigt[t, title, and Interest
<br />(naw awned or hereafter acquired) a7tne Mortga~r~,rs Ir. said property, including all buildings. Improvements, rixtures,
<br />or appurtenances thereon nr heirzfte^ ^1aceC ti;ereon; all water, irrSgarian, and c'lrainage rights' the teaemants,
<br />,,,+ r, re s^„er, ~-s, a[rd nrnfits arlsln Sram said lacida; and r,11
<br />?[eredl*.~merts, and - ,urt_.^.a -H,,.- ty _ ___. , - ,s _- F 3
<br />the Mortgagars~ rights in ttP r~hlic domain are requlreC by Ma tgaaee for security purpesesj gli leases, permits,
<br />licenses, or privileges, apgurter.:_.nt ar _ tenaz,t G^ sa:•i martgaged nremises, now or horeafter Issued, extended,
<br />er renewed to the Mort:4rrgrrs L:: the unite~'aS~'~tes ar th<^ state in wh!cti the above-described property 1s located or
<br />_- any department, burea![, ar agPncg° ther-eo.*.
<br />?Y:IS ,~~ortgage ,.., given Ln secure a _ .,s:lase?° ..~.., of ....... n.?t... he.aw+.t:.. exor?ite^ by Morr.gagers _,. t^ortgagae. Sn
<br />the principal sum of iii 7EfiY THREI; ihOUS~vD e9ND irilll00 - - ~~, },Agg,
<br />---F~i'abi e--with-_i_n ter=5t d%_v;`d_,.-~, r~ uie-~. .,,u ,~.- „a,.u ,;:. ,.c. ,,,,.. -fs..•... y~~se :,,.n~i,.~ 1::E 9n~ p.~J"~bl@-3i:-~.... .~. ~-r- ~~~.
<br />op January, 2000 ;hts car;veyance shall be void upon the payment cf said promissory rata.
<br />This mortgage is subJect to the provlslors of THE FARM C?.EDIT ACT and all acts amendatory thereof or supplemental
<br />thereto. The proceeds of the loan secured hereby will be used Ior the purposes specifieC Sn the Mortgagors appli-
<br />cation for Bald loan and authuriaed by Bald Act.
<br />The Mortgagors, aad each oY them, hereby warrant that they are fee owners of the martgaged real prepercy; that they
<br />will defend the title against all claimants whomsoever, and that Bald property is Tree from all encumbrances: that
<br />they will keep all the improvements, Slxtures, and appurtenances occupied and Sn gaad repair and permit ro acts of
<br />waste; and they will reiinqulsn all rights of homestead In said premises, and covenant and agree with the Mar t.agee,
<br />as follows:
<br />{1) •i'hat they will py when due all taxes, liens, Judgments, ar assessments which may be lawfully assessed against
<br />the p•raperty herein martgaged.
<br />(2; That they will insure :and keep insured buildings or ether improveme?;ts naw an or whiah may hereafter be placed
<br />on Bald premises to the satistactlon of the Mortgagee, such Snsurance policy shall be endorsed with a mortgage clause
<br />with the loss thereunder to be payable to the Mortgagee. Ati}+ awns received may be used to ply for reconstruction
<br />of tho flestroyed improvements; or, it oat so applied, may, at the option. of the Mortgagee, be applied in payment. of
<br />any indebtedness, matured or unmatured, secured by Lhis mortgage.
<br />{31 To pay all rents, fees, ar charges naw dug or to became due under the terms of each lease, permit, license, or
<br />prlvileg9 an the pUblie domain which 1s appurtenant ar nanappurtenant tc the martgaged premises, wtilch has been
<br />issued, extended,ar renewed by the tlnlted States or the state in which the above-described property is located: and
<br />j to perSorta and observe .every act, covenant, condition, and stipulation necessary to keep each of the same Sn gaad
<br />_-standlt[g;-.:and to-take every necessary step to seaura the reissue, renewal, or extension of each ai the same; and to
<br />assign; waive;-pledge, or endorse-to Lha-Mortgagee each-lease, permit, license, or privilege it MorGgagors~ rights
<br />in public domain are required by Mortgagee 2or security grrposes.
<br />~. ~(4} That In-L?ie event--the Mortgagee is.a party to any litigacion affecting the security or the lien of its mort-
<br />gage, incllydingagy suit Dy the Mortgagee to foreclose Lhis mor+_gage or any salt Sn which Cho Mortgagee may oe named
<br />a.party defendant in which it 3s obllgaL~;d to protect its rlgttts ar 11 en, lnetuaing cendem[[ation and bankruptcy
<br />proceedings, Che Mortgagee may incur expenses and advance payment for aDsGrac~ lees, a*.tarney fees (except to the
<br />f exCent prohibited ny law); costs-, expenses,-and ether charges.
<br />R - (5) That in th? eventthe-tortgagors fail to pay when due any taxes, liens, Judgments, or assessments, or ,*s11 to
<br />maintain insurance as hereinBefare provided, ar fail to pay rents, fees; or charges under *.he terms cf ark' lease,
<br />permit, license, or privilege; or Mortgagee is required to incur expenses tar abstract Sees, attorney ..*eas, cash,
<br />~ expanses, and other charges in connect,on wltlc litigation, Mortgagee may make such payment cs Dravida such lnsur.utce,
<br />ar it>~n' such. obligation, and Gtie amounts paid thererpr shall loco ma a-part .^° the ,rdabtedn s s-c•;rad he?-eb- due
<br />and payable Smmedlately, and shall bear interest from ttie date at payment at the same rata ,._v'_ded Sor d_f.alt
<br />in the note.
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