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<br />~~yy REAL '~ESTItTE-MORTGAGE ~ ~. _.~ eoanr-Fla zoe-es (Re,,.^1-77) -
<br />fi~'°+~. ~~,yAi7~„ pate December 6, 1479
<br />Bruce F. Proctor and Patricia F. Proctor, husband and wife
<br />- Mortgagors,
<br />of Na12 County, Nebraska In consideratloh of
<br />the advance of the principal sum recited In the note hereinafter described, recelptof which is acknowledged, hereby
<br />mortgage and convey to
<br />THE FEDERAL LAND BANK OF ONANA, a Corvoration,
<br />of Omaha, DougSas County, Nebraska, whose address
<br />is Farm Credit Building, Omaha, Nebraska 68!60,
<br />Martgagee(suDdect to oil, gas^ and mineral rights owned by parties other than Mortgagors; existing easements Of
<br />record; reservations ir. United otstes and State patents; and the rights of the public in all hlghwaps), thefollowing-
<br />descrlDed real estate In Aall County, Nebraska
<br />SEC. TWP. Rf _
<br />Lot 8, in the Bartelt Second Subdivision in Doniphan
<br />Village----------------------- 5 9N 4 W 6thP.*!.
<br />together with all ai the right. title, Brad ;merest a.* the Mortgagors ir. said property. -innluding all buildings.
<br />improvements, f]xGures or appurtenances row or hereafter acquired. including all apparatus, equipment, fixtures or
<br />articles used Lo ^upp]y heat, gas, air condi[Soning. water, 1'ght, power, reYrigeratien, ventilation, a' other serv-
<br />ices, and the furnishings customarily or apR.rnprlatei,y Included by lessors to lessees ircluding, Dut not limited to,
<br />mirrors, screens, wf.mdpws, storm wlndaws and doors, carpeting and other floor coverings, ]n-a-door Deds, avmtnl~s,
<br />stoves, refr!geratorG, wafer heaters, air canditicners, $atriidifier-s, hearth and fireplace ?qu]pmEnr, ai] cif w!ltcii
<br />era deE 1.~.,rQ:c t DE a part OS' t1:2 r°al egtar e, ~,s;a rt;vr pn~yeSQat7v at e~r~ha:i tharEtO yr not, ~^.d da9mEk a parti6'n Qf
<br />tTi=° ;t"soul°I ty fof' ills Sndeb tedclESa D.Ere i!;after ~~acriDed.
<br />~. ~ ~ ,<,
<br />-e his kr.gagv lr- gives to s?oure a proml,~,~okJ „-ta u3 -,-„ ~?}t~ her~wlE- tx~4.3~~-u Dy Mnrtga6or~ ...~ t1}~rtba~~d. 1a
<br />~.hfi t2rncliaai-sum at_FORI`Sr-TWA >~~ `PE3D #ib~v"@RB~1 Ah~ Nfi}1DF} - - - - - ___ - - - - OOLLARB. -
<br />payab!e In installments with Interest according to the terms ai said note, the last installment being due and pay-
<br />able on the first day of Januarys 2010 !9t1s ranveyance shall be void upon the p~ymenG of said
<br />promissory note,
<br />The Mortgagors agree tc p?+y, li requested Dy Mortgagee, nn oath ±rstaliment date, in addition to t:te sums required
<br />1n the above-described Rrnmissory note, alum equal to the amotmc detonnlned by the Mortgagee required to acnumulate
<br />and gay the 2nsurance premiums an policies of fire and other hazard }nsuc•anee covering the mortgaged premises, and
<br />the real estate taxes and assessments due on the mortgaged premises 15 days prior to the due dates thereof. In
<br />the event that. the sums acrruad for the payment at the Bald premtums, taxes, or assessments era insufilclenG, the
<br />Mortgagors will, upon request, pay such addttional sums prior to the due date thereof. All soma received therefor
<br />shall be applied Or. the print lp al balance until such time as thoy are withdrawn by Mortgagee for the payment Df
<br />said premiums, taxes, or assossments.
<br />This mortgage 1s suDleot to the pravlsions of THE FARM CREDIT ACT and all ants amendatory thareot or supplemental
<br />thereta• Y'ha prnoeods of the lean secured haraby will be used inr the RurpoS~s spenifled in the Mortgagors' appli- '
<br />cation for Bald Iran and authorized by saki Ant.
<br />99!o Mortgagors, and each of them, hereby warrant that they a!•o See ownors of ttte mortgaged real property: that they
<br />will defend the title aasinaG all claimants whomsoever, and Chat said property is tree from all encumbrances; that
<br />thoy will keep all the improvements, fixtures, acrd appurtenances occupied and to good repair and permit na acts of
<br />..wears;-and they ;till rfilin~uiah-ail rights of homestead Sn said premiums, afidovenan€ and agr~o with aria Mortgagee,
<br />a~ failaws:
<br />(i) That they will pay when due all taxes, liens, tudgmants, or assessments which may De lawfully assessed against
<br />the property. herein mortgaged. '
<br />(2) Thac they will insure and keep Snsured buildings or other improvements now on or whlnh may hereafter be placed
<br />on_a8_id premises to the satlsTactlon of the Mortgagee, sachlnsurance policy shall be endorsed with a mortgage clause I
<br />with the loss thereuntl9r to be payable to the Mortgagee. Any sums received may be used to pay for reconstruct]on I
<br />of the 4estroyed improvements; ar, if not so applied, may, aG the option ot.the Mortgagee, be applied In P4Yment of
<br />aav Sndebtednass, matured or unmatured, secured by this mortgage.
<br />- (3) 191st ]n the avant the Mortgagee is a party to any litigation affecting the security or the lien of its mort-
<br />gage; including any suit by the Mortgagee-tp Yormcloae this mortgage or-any suit in which trie Mortgagee :nay be nametl 1
<br />a party defendant ]n wY11ch is is oD igatad Go protect its rights or lien, Including condemnation acid bankruptcy f
<br />prdcaadinga, the•Martga88a may 1nAUF eX~enaea-sod advance payment far absGraat fens, attorney fees (except to Cne
<br />extent prohibited Dy law),-casts, ~xpanaes, aid ether charges. '
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