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<br />REAL ESTATE MORTtiA6E
<br />8a-q~-0548
<br />__ ,__._ .FORM FLB 20B _(Rev. 1~77)_~
<br />Dace Jaauarv 12, 1981
<br />Eldon ~uthe and Doris Klutne, husband and wife
<br />Mortgagors,
<br />a f Aall County Nebraska in consideration of
<br />- ~~ ~ the advance of the pr lncipal sum recited Sn the note hereinafter CescrlDed, receipt of which Ssacknowledged, hereby
<br />mortgage and convey to
<br />7
<br />3 THE FEDERAR LAND BAMK OF OIMNA, a Corporation,
<br />t of Oa~aba, Douglas County, Nebraska, whose address
<br />is Farm Credit Building, Dmaha, Nebraska 68100,
<br />~~ Mortgagee {sub]ect to oil, gas, and mineral rights owned by parties other than Mortgagors• ezlsting easements of
<br />retard; reservations in iAiited States and State Datents; and the rights of the Dublic in all highways), the following-
<br />! described real estate in Hall County, Nebraska ,
<br />{ SEC. TMP. R8.
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<br />containing $~ acres, more ~3r less, tcge Cher with all nt *_he right, *.i tie, and interest -
<br />(naw owned ar hereafter acquired) of the Mortgagors ir, said property, including all buildings, SmDrovemen ts, fixtures,
<br />or appurtenances thereor. or hereof*_er placed thereon; all water, irrigation, and drainage rights; the tenements, _
<br />heredi Laments, and appurtenances thereto and the rents, issues, crops, and profsES arising from said lands; and (Sf
<br />Cite Mortgagors" rlg'tL in the public domain are required Dy Mortgagee far securkLy Durposes) all leases, pet~~lts,
<br />licenses, or prl vi loges, appurtenant or aonapDUrtenant to said mort~ged premises, now or hereafter Issued, extended,
<br />on renewed to the Mortgagors by the IIP.t red States ar the state !n which the above-described property Ss located or
<br />any depar tr.~en t, bureau, or agency there af.
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<br />'iris mortgage is given Lo secure a promissory note of even date nerewi th, executed by Mortgagors to Mortgagee, in
<br />ute principal sum of SEVENTY-EIGHT THQDSAND FOUR HUNDRT;D AND NO/100 - - - - - - - - - DDLLARS,
<br />RayaDle wl Lh interest according to the terms a.* said Hate, the final payment De 1ng due and payable on the first day
<br />op Idove~r, 20D© This corvayance shall be void upon the payment of said promissory note.
<br />This mortgage !s sub]ect Lo the provisions of TdE FRAM CSiED1T ACF and all acts amendetbry thereof or supplemental
<br />LAereto. The procaeda of the loan secured hereby will De used for the purposes specified in the Mortgagors" appll-
<br />catlon for said load sod authorized try said Ret. _
<br />Trio Mortgagors, and each of them, hereby warrant that they are fee owners of the mortgaged real property that they -
<br />wi12 defend the title against all claimants whomsoever, and that said property is free from all encumbrances; that -
<br />they will keep ail the improvements, fixtures, and appurtenances occupied and in good repair and permit no acts of
<br />waste; and Lhey will rellnqulsC all rights of Domestead in said Premises, dad covenant and agree wlfh the Mortgagee, -
<br />as Sollaws: -
<br />{1) That they will pay wDen due all taxes, clans, ]udgmen*_s, cr assessments which may be lawfully assessed against
<br />Ghe property nare!n mortgaged.
<br />{E) lflat they will insure and keep insured buildings cr ether improvements now-on or which may hereafter be placed ~ -
<br />na sa14 pres!l ses tb the satls__*ection of the tinrtgagee, such insttrmce policy shall be endorsed with ~ mortgage clause
<br />with the loss thereunder to be payable to Lhe Mortgagee. atiy sums received may De used to pay Far reconstruction
<br />'of the deatroye4 SmprvvemeaLS: or, if nob so app33 ed, may, st the optloa of the Mortgagee, Da applied Sn payment of -
<br />arly indebtedness, matured cr uamatured, secured by this martgaga. -
<br />{31 ib Day all rants, fees, or charges sow due or to Deeome due under the terms of each lease, permit, license, ar -
<br />pr vilega on the piibllc 4omain whinh is appurtenant or nenappvrteaaat Lo the mortgaged premises, which has bean
<br />i~ite<t-, Mended, or-ransomed Dy tAa [Bxite3 Stites or the state 2n rdt}cY, the above-described property is located; and -
<br />ta perform attd observe-every act, covenant, condition, and stiguletioa necessary Lo keep each bt the same in good
<br />ataading; w4 to take every necessary stsp to secure the reissue, renewal, or extension of each of the same; sad to
<br />aas3gti waive, pledge, or endorse. to the-Mortgagee each lease, permit, licansa, or Drivilege if Mortgagora+ rights
<br />Sn prtb~ic Qoma3n are regylrad Dy Mortgagee far security purposes.
<br />{e) Thep in the event the Mortgaged is a party to any litigation affecting the security br the lien of its mort-
<br />gage, 1?aplud_lirq~any slit DDyy the Ybrtgagad to fateclos8 this mortgage OC any suit in which the Mortgages m$y De named
<br />a Fang defeadaat Sn sttleb St is obligated to protect its rights ar Sien, lnciudlag condemnation and DankruDtcy
<br />DtacaddingA, C$a Mortgages ®9y incur expanses dad advance payment for abstract fees, attoraay fens {except to the
<br />aXGdYit prohibited by law), cats, expenses; and other charges.
<br />{g.5 lit Sn tits avant the Fbrtgagors fall ta.pay whett due aq texas, liens, ]udgmsntx, ar aasass~nts, or `ail to ~-
<br />.n5ain i~~rarc~? as h~relnDsfarg pr~svided, _r felt to Fair rahbs, f8ea, a. charges vndar the terms of any igase,
<br />pex~it, license, or privilege; or Mortgagee is required to incur expenses for abstract .fads, sttorney fees, costs,
<br />-expaiipes, and athe: ctaar•gaw !h conriaccicn. with it tigatian, Mortgages may make such payment cu•prov ide such irauranca,
<br />4'f' incur se~h aDligetiari, and th$ smounta paid tharafor sDetL bacaga apart cF the }n4eacedness sacarad Dereby due
<br />D$Yable faWe41at31y. and shall Dsar Sn erdst-fry fhe QaLe of Fay.snt a6 sits save rate as provl dad far default
<br />in LYre ttbtd. -
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