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rt~E ~u~rA~t~ ~t~€ ~~s~~atldca< ~i~~ o~ rr~c ~ai,~lirEp sr~,x~s ABEk
<br />THIS MORTGAGE, dated as of the......lSt.... _dav of ...... t~larch. . 19.. 75., berxecn >
<br />I.t?l _n D,
<br />Bilslend and Emma M. Bilslend, his wife,
<br />whose post office address is .. __.. ,.,Wood River, ~tebr88Lc8 6$$$3
<br />_..
<br />hereinafter called `:4lortguAor," and THE Ei1U1TASLE LIFE ASSL`RANCE SCx;IETY OF TFiE t~NITED STATES, a Ncw~ Yerrk
<br />carpora[iom having its principal office and post office address at 128 Avenue of the Americo. New York, New York 1 OCrt'3, herein-
<br />after called "aortgagee ":
<br />Otte Hundred 'lFrrent Thousand and Lin
<br />WHERE 4S, [he Mortgagor t justly indebted to 1th rM~~orr~t~~a sec in the sum of _. .. ... ... _. }' ... _ ..1100
<br />--~~~ ~-~~~ -~~- ~_ ~ ~11SS ; with interest, all as set Forth in his ;cetain pmmissnn• note
<br />("Note"j of even date herewith maturing... ._.hfarch_,1 _ ...._ . _ .. ..... 19. ~g...
<br />NOW, THEREFORE, THIS MORTGAGE WITNESSETH, [hat, to secure the pa}'mrnt of the principal of and interest on the Note
<br />and dte o.'rfonnance of the covenants therein and herein contained, and in consideration of zhe premises. the hLtrsga~,{or by these
<br />presents does gran[, bargain, sell, convey. trartsfcr, assign. mortgage, pledge. warrant and confirm woo the D9ortKagec .ell the property
<br />("i1:e:11ortgaXedProperty" hereinafter described, to-suit:
<br />L The l~llowing described real property located in [he County of Hall
<br />State of .. _....Nebr.881S.A ... .......... , tc-wit:
<br />The South Half of the Scnztheast Quarter (S'~SE'~) of
<br />Section Thirty-three (33), Township Ten (10) North,
<br />Range Twelve (12) West of the 6th P.M., in Ha11
<br />County, Nebraska, except that part conveyed to Southern
<br />Nebraska Rural Public Power District by Deed dated
<br />July 20, 1953, recorded in the Office of the Register
<br />of Deeds of Ha11 County, Nebraska, in Book 107 of Deeds,
<br />at Page 583, containing approximately .495 acre, more
<br />or Less.
<br />Default by the itartgagor under any other instrtunent securing the debt hereby secured
<br />shall conatitute a default under this instrument.
<br />tL The Mortgagor's utt~rest as less.ar in all le'as'es ? including but not lunitctl t=_ oI1, ~=as and mi[~~ral [e~s~; n:rw ur hereaftzr atfzca
<br />mg the ab .~-descnbe...e i prcpe or a:ty pa., the. ~.;:.
<br />t ;3a°}v. 't~R *!'I :,. ...t- .4., . 41r~.:es, az:, pre th _s, -, rvtne,, :taws z. - ., F - - ~...,~.EH „ x,x vs
<br />_F?~r=_ ~knt +.f ~-~iy~~,-•'Tl~ntx tll'r.- ~fa_~ aF,^r =..~ ri~iS Se ptxc .J ;i,.i :1t f~U4i vFi:` I ~ L l: ~ ~:3~, ., t .,.-rP=3~:r..~ ~ zFS
<br />agreentenc hereunder, to collect and retain such rents, issues, and profits as they heunne due and pa}:tblc, and together also with all
<br />and singular the cenentents, hercditaments, and appurtenances thereunto belongink, including irrigation, 3rautaga, and water riwhts of
<br />every kind and descriptimt.
<br />1'O HAVE AND TO HOt.D the same t+nto the Mortgagee, its successors :utd assigns, forever.
<br />PROVIDED, ALWAYS. that if the MnrtRa};or. his hcin, rapresenta[ives, successors or :+ssigns, sh,+ll pay unto the h1ortgagrr, its
<br />successors or assigns, the said sum of tnmtcy mentioned iu the Nate and rite interest thereon at du times :wd pL+ce and in the manner
<br />speeitied in the Notc, and all other sums th.u may beaane due and owinv, to tha Mortgagee pursuant to any of the terms, cuccnan is
<br />and conditions hereof, and parfarm all the erntditians and covenants contained in this ntortgape r-";lfort~n~c"4, then these presents and
<br />the estate hereby granted shall erase, dstennine anti hr void, otherwise to remain in full farce and effect.
<br />AND SIRiJECT w the covenants a.nd conditions hetcinaltcr x^t for[h.
<br />€tRST: The Mortgagor hrrr.bv covenants and agrees, ro the caterer permitted by law, as follows: a,l to pay prott+lstit- when due
<br />the principal and inures[ and utlt -r sums -r! rnt,ney l-r- ~idrd E ,r in the Nah• and in this M:trtgaget or eith<r, ;bt t< hay all tdu.F, zs,ess-
<br />metits and other charges (including ditch, canal, resrrvnir, or other water charges, taxes or assessments? imposed Iry taw upon the \4art~
<br />gaged Pralntrty, [hc Mortgagee's interest therein, ur up,-,a the Murtsagre or the Nute: pr.:ridrd l+uwever, Ch.+t, in the ~•r•rnt ,.f the p.,..-
<br />sagc of any law changing the laws for the tasati•rn of murtg:+ges or debts secured b}• moregahe so as to affe+-t thi, hSorti;al;e, the cutler
<br />trri~iatcdrress secured hereby stroll, at the oprion of the Mortgagee, become due and payable; (r) to keep the Mortgaged Property and
<br />improvi':ments thereon in Bond condir;on and repair and .rut to ce*.rmtit ar suif:r w:see thereof, and except as authori.ecl u: any sched-
<br />ule annexed hereto :urd formirrp; a part hereof. neither to retnave nor permit the rcmov;tl of .+up timber, buildings, oil, gas, minerals.
<br />stone, reek, clay, fertilizer, gravel or top snit without the prior written consant of the A-0orts;a};ee; _d; to maintain and deliver to tlrz
<br />Mor;gagrrr: policies uf-insurance against such hazards on flee buildings now or hereafter located nn the Mortgaged Property as the
<br />Mortgagee may require, in such companies and amounts and with such loss payable clauses as shall be satisfactory to the Mortg.tgce;
<br />that in the event of loss fhe Mortgagee is expressly authorized to settle or com romise claims under said policies and the proceeds shall
<br />be paid to the Mortgogee who [nay apply same or arty part thereof on the indebtedness secured hereby or towards the rccunanvction
<br />or repair of said buildings or release same to the Mortgagor; (e) to ay any Lien, clairu or charge against the Mortgaged Property which
<br />might take praeedencc ovci the lien hereof; (fl to pay on denrxnd all legal expenses, [itie scarc~ies, or atrorncy tees reasonably incurred
<br />or pazd by the Mortgagee -tu cnlteet the Note ar foreclose or prorect the lien of the Mortgage; :;! that in du even[ he shall fail to com
<br />ply with the provisions cf (a) through (f) above; the Mortgagee tiny take such action as is necessary to remedy such failure and :dl
<br />sums paid by the Mortgagee pursuant hereto with interest at the rate hereinafter prayzded shall constitute a lien upon ate Mortgaged
<br />Property, shall be secured by this Mortgage, and shall be immediately due and repayable to the Mortgagee; t'h j not to self rite premiss
<br />at any portion theieof, nr, if Ghe Mortgagor is a corporatititt, nut more than.-.-.. `, of its corporate stock shall be sold, traded ur dis-
<br />posed of to persons other that! the pr~settt r..vners prior to ahe time the iradc6tcdness secured ltcrebv sfhail. have been reduced ;asclu-
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