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REAL ESTATE MORTGAGE ~oeM ~4e zoa (ae~. i-»)
<br />ace August 28, 1981
<br />Irvin D. Skrdlant and Marjorie G. Skrdlant, husband and wife
<br />Mortgagors,
<br />of Hall ~oimt)• Nebraska in consLderati on of
<br />the advance of the pr lnclpal sum recited in the note hereinat ter ]escrlbed, receipt of wh'.ch Ss acknowledged, hereby
<br />mortgage anC convey r_e
<br />THE FEDERAL LAND BANK OF OMAHA, a Corporation,
<br />of Omaha, Douglas County, Nebraska, whose address
<br />is Farm Credit Building, Omaha, Nebraska 68100,
<br />Mortgagee (subJ ect to ell, gas, and mineral r!gl.'s evened by Par[Ses other than Mortgagors; exl Sting easements of
<br />record; reservations Sn United States and State patec!tc: and tt:e rights of the public in all highways), the tollowing-
<br />described real estate to Hall __,.o,an.y Nebraska .
<br />SEC.
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<br />coutxining 80 arraa, :no r^ -° ; gether with ail of the r]v~t, title, and interest
<br />snow owned or hereafter scqu lr ed) of tt:e Mort Kap~.ra 1::: lliclud Sng all buildings, Smpro vements, fixtures,
<br />or appurtenances thereea or hereafter pL~ace,: t!:ereo.^.; ~allr~.vster~, ~!rr!gatlon, and drainage rl ghts; the [enemen ts,
<br />heradi t.~:ments, rind appurtenanoes thereto ~:nd the r - i^s;:a^, nrrps, and profits arising from 'oatd lands; and (if
<br />the Mortpagors~ ..^ights Sn the public domain .u•e re ;a!reP, by Mortgagee f^,r serurl q~ purposes) all leases, perml ts,
<br />arses, cr r±~:•1'e es ar ens^[ ru':p uric!; tu:t - •t:~~e,^, ^r~mt ?s, nc;w er t:ereatter 1 sued. ?xtended,
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<br />or renewed [n [he Mer[gagors by 'he ~~r;t~tec, ~;•.ncec; n.. 'tt' <t`;~`,,:.r. witlch ~ the above-descr!ned pruPerty is Located or
<br />;y,: depot „...., ... ~. ,. agency _..... _...
<br />'tR1:; •nortgaPe ... ... ~?a .: ..-,.t:~ .,_~• , •~, „r -... --.,:r4e n~--_wi6h, -x~euted by Mnrr_gagors w Hortgagee, Sn
<br />the pr lDelpal snm of NINETY-TWO THOUSAND EIGHT HUNDRED AND NO/100 - - - - - - - - - DOLLARS,
<br />pryyuble w'1 th !n tyres t. anr.,ordln., to ^ ~- r.=rms ~.:t s:ld n-, t.e, the tL~al P'iyment De ing Cue and payable on the first day
<br />of .Ian ua ry, 2007 _. ,,,,. ..., -, „_ shalt be void upon the payment of said promissoty note.
<br />This mortgage Ss subJ ect to the proelslons. of THE `'ARC CREC.?^.' ACT nrd all acts rmendstory thereof or supplemental
<br />thereto. The proceeds of the loan secured hereby wii'_ ba used tar the purposes specitied Sn the Mortgagors appli-
<br />cution for said lost. -~.~~1 au[horlred by ssSd Act.
<br />The Mortgagors, cold each of them, t:ereby warrant Chet. they are tea owners of the mortgaged real-property; chat they
<br />will defend the title sgatnst. sit claimant whomsoever, •tr:d chat said property is free ..*rom all encumbrances; that
<br />[hey will keep all the improv.:mant^, fixtures, anC app+~~tenances-occupied :utd in wood repair and permit no acts of
<br />waste; sir: th~ry will relingnlsl: si: rights cf hnmestea:". In said premises, and covenant and agree ~ny th the Mortgagee,
<br />ss fallow:.:
<br />(1) 'Chat they :+I 11 pay ~.vnen ;ue all taxes, dens, Judgments, or assessments which may be lawtul!y assessed against
<br />the property here!n mort,;`.:•e4.
<br />(2) 'Chat they will insura ar:d keep !nstu'ed but idlugs or other improvements now nn or which may hereafter ha placed
<br />on said pram LSes [o the sa[lstaar-ton of the Marrgflg~~, such !nsnrance pclloy shall ba endorsed with a mortgage clause
<br />with the loss thereunder 4o be payable tr the Mortgagee. pqv sums received may be used to pay for reconstruction
<br />of thn destroyed lmprovemeufs; or, SL nu[ sc applied, may, at the option of the Murtpagee, be applied in payment of
<br />any lndeb Cedness, msturad or wunttturad, secured Dy t-h L~ mortgage,
<br />rg) -Ta pay all re-nts, foes, at chnrgas raw due or to b9came duo under tha ternis of naCh toasP, permit, tta?nse, ?r
<br />privilage an the public domain 'which is sppurtansgt or ncnal-purtonaut to the mortgaged premises, which has baen
<br />l ssuad, extonded, or renewed by the unl4ed States er• the state Ln which Lhe above-dascrlbed property Is lm:nted; and
<br />to perfm•m and observe every act, covenant, condition, anU stlpu latlon necessary to keep each et the lama in good
<br />standlllg; and tc take every necessary step cc secure the re LSUe, rene:vai, or extension of each of the same; and to
<br />assign, waive, pledge, or endorse to tha Mortgagee each lease, permit, License, or privilege Sf Mortgagors' rights
<br />1n public domain are required by Mortgagee for sectn`l ly purposes.
<br />(a) That in ehe event the Mortgagee Is a -arty to coy litigation affecting the securlGy or the 1#en of its mor~-
<br />gage, including any suit by the Mortgagee co foreclose this mortgage er arU• suit In which the Mortgagee may be named
<br />a party defendant In which SC is obligated to protect its rights or lieu, including condemnation and banY.rupccy
<br />prgceedings, the Mortgagee may incur expenses and advance payment cur abs cruet fees, attorney fees (except to oho
<br />extent prohibited by law), rosts, expenses, and ocher charges.
<br />(5} That to the event the Mortdagors fall W pny when due racy taxes, dens. Judgmancs, or assessmen Cs, or fall to
<br />maintain Insurruice as Lere lubetore provided, or [all to pay 1^encs, fees, or chargei+ under the terms of any taasa,
<br />perml t, license, ur privilege; or Mortgagee 1, regal red IA incur expenses far abs[Pact. fens, attorney fees, c
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<br />expenses, vtd other charges 1n connection with 1l tlgatl or„ Mortgagee may make soon payment or prrr kfle Burn lnsarab~:c,
<br />or incur such eb 1!gatlon, and the amoun GS paid therefor' shall be~e:ea a part of t r Lt:ieb t,e:L~ess sesark? hereby Joe
<br />:aid payable Smmetliate ly, and shall bear Interest from the dace of payment ac th e~•s:une race av provl~led cur ,letnult
<br />In '.hr. note.
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