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<br />(Open-End: To Saoura Prasanf and Future Ob3igations and Advances)
<br />e i. Huime and Kay V. Hulrne
<br />Data ~,ptelt~er 3fl 14~"!
<br />MOrtgny-v(s}.
<br />~ Hall County. Nebraska in
<br />comldaratian of tht advance of the principal sum, plus advances for iha purchase of Class B stock snd/or participaNOn
<br />carNtfeaNs of the Mortgagee as required by Mortgagee's bylaws and by determination by the Mortgagee's Board of
<br />Directors under sold bylaws, pursuant to federal law,' to support the outstandf~g indstitedness, recited in the note here-
<br />(natter described and in eonslderation of luturc advances made by Martgsgae to Mortgagor(s) or any of them as ttercfn-
<br />aftsr provided, Hereby mortgages and conveys to Production
<br />Credit AssoNatlon, whose prtneipal oHtee is at Hall rdn 5 an ,Nebraska,
<br />IYlortgagaa, the foNowing-dascrlfxd real properly in Cpunty, Nebrsska, subject to oil.
<br />gas, and mtnarat right owned by parties other than Mortgagor(s); existing easements of record; raservatiaes In UMted
<br />SMtes and ShMe pataMS: and the rights of the public in ail highways:
<br />The West Half of the North Half of the East Half of the Northwest Quarter
<br />(W}N}E}NW}) of Section Five (5), Township Eleven (11) North, Range Twelve
<br />(12) West of the 6th F.M., Haii County, NE
<br />contalnfrtg 9fl acres, mom or seas. according to Goremment surrey; together with all of the right, title, and
<br />interest of the Mortgagor(s) in said property now owned, or hereafter acquired, and including ail buildings and improve-
<br />ments now on, or hersaflsr placed upon, said real property; including also all water, irrigatlon, and drainage rights.
<br />This mortgage is given to secure:
<br />(a) A promissory noM dabd ~~temher '~fl _ 1981 syiren by Mortgagor(s) to Mortgages, in the
<br />prineipalsumot floe Hundred Nineteen Thousand and NoJiflO--------------------DOLLAgS,
<br />piw advanga for the purchase of Class B stock or participation certificates of the Mortgagee as required by Mort-
<br />gapes's bylaws and by determination by the Mortgagee i Board of Directors under said bylaws, pursuant to federal
<br />law, to support/M oubtanding indebtedness, payable with fnterost according to the terms of said note and any instru-
<br />manb hkan in reflnaneing, extending, or renewing said [ndabtednsss or any pari thereof:
<br />(b) Any future advance(s), with interest, which may be made from lime to time by Mortgages, at Its option, to Mort-
<br />gago-(s), or any of them or tMir successors in tills, for any purpose, including, but not Ilmited to, initisl and luturc
<br />advances for die purchase of Class 8 stock and: or pariielpalion ceriiHples of the Mortgagee as required by Mort-
<br />gagae'a bylaws and by determination by the Mortgagee's Board of Directors under said bylaws, pursuant fo federel
<br />isw, fo support tM ouiatanding indebtedness, in any amount or amounts, provided, however, that such lulus and
<br />addltlonal advance(s) shall be so 11mUad that iha told prinofp.l unts oulatanding al any one tlms shall sal exceed
<br />tM sum of Two Hundred F~yty house d and No/]a(~ -------------------------~pILAHS,
<br />plus said sdvsnces /or purchase of Clans B stock or psrticipatlon csrtthcates of the Mortgagee; and provided further
<br />the future advance(s) so made shah be payable in accordance wifh the berms of a promissory sots or notsa which may
<br />be taken to evidence such advance(s) or any pert thereot. (The optiond sdvance(s) herein authorized shall be con-
<br />sidarcd additional to the advance(s) hereinafter authorized to De made by the Mortgagee for the protection of the
<br />aaeurity or Morlgagsa's lnisrest therein.)
<br />TtNs mortgage to i» void upon ifte payment in lull wifh misrcsi of sit obligations, present or future, secured or !o be
<br />sat:ursd hereby.
<br />The Mortgagor(s), and each ai Htam, hereby warrant(s) that they ors fee owners of H+e mortgaged real property; that
<br />IMy will dlltnd IM 1tIM agains! afi claimants whomsoever, and that aaitl properly is Iree from all encumbrances; and they
<br />re(irtgatish aU rights of homestead in acid premises, and covenant and agree with the Mortgagee as loliows:
<br />(1) Tp pay when dtw all tsxss, liens, judgments, or assessmertes which may bs lawfully assessed against the property
<br />heeefo mortgaged, and the rental charges upon any leases assigned as addilronal security for this mortgage.
<br />(2) To incurs and keep insured buildings and other improvements now on or which may hereafter be placed en said
<br />premises to the satislaction of the Mortgagee. Any policy eddencing such insurance shall be endorsed with a mortgage
<br />ciwat, approved by and in favor of Mortgagee, and deposited with, los: thereunder to tie payable to, Mortgagee as its
<br />Mgnst may appear. At ihs option of Mortgagor(s), and subject to general regulations of the Farm Credit Administration.
<br />sums so received by Mortgagee may M used to pay for reconstruction of the deatroysd improvamsnt(s); or, it not so
<br />applied, may, at 1M option of Mortgagee, be applied in payment of any indebtedness, matured or unmalured, secured
<br />Dy this mortgage.
<br />(3) To keep afi buildings occupied and in good repair, and io retrain from the commission of any acts of removal, demo-
<br />litltne or intpsirmeni thereof; not to cut or remove, or permit to ba cut oc removed, soy wood or timber from said real
<br />property, and to commit or permit no waste or impairment of the value of this security; to continuously practice
<br />#pproved mtlhoda of terming on said lands, to precool erasion and the spread of noxious and damaging weeds, and to
<br />preserve Mte tNtfllty of iha soli.
<br />(4) Thal m ttre event Mortgagor(s) !ail(s) to pay when due any taxes, :cola! charges upon any leases axsignad as add+-
<br />tionaf aawrfty for thte mortgage, Irons, judgments, or assessments ia~lully assessed against the property herein mort-
<br />giq+d or !d((s) ro maHttidn insurance as hereinbetore provided, Mortgagee may make such payment or provide such
<br />inatuahEe, and tits amaunt(s} paid therefor shalt ttet:onw a pars of the indebtedness secured heroby, dos and payable
<br />Nmesa> diaWy> and s1+aNbsar intscasi at tM currant rate of the Mortgages ai 1M tlma U» Mortgagee makes such payment.
<br />(3) Tint bf ttie avant INorlgegor(s) default(s) in the payment of said principal sum, or in Ms repayment of any additional
<br />{S} rrtade as twain provided, or of any interest (hereon, at the elms when ti» same shall its due, or with respect
<br />to any Dprenanl Or Cortdition ttersof, titan, at tht option of Mortgages, Iht enure indebtedness secured hereby shall
<br />far9)iftrttlt traeDma dew snd payabb, shall boar iMerast sl the current rate of the Mortgagee on the dsts of the default,
<br />seal ttia #1~Drlgaga! may btlmedialNy foreclose Phis mortgage or pursue any other available legal remedy. in the event
<br />Ot any~i-ation by lkfrfgagae to enforce cotlacfion of the mortgage debt, IM Mortgagor(s) agrea(a) that any expense
<br />irteurC~ fc+ prixrue or exbnd an abstrac! of tft{e shall, when paid by Mortgagee, become a part of the debt secured hereby.
<br />sttd strati b!s paid by Mrrrtigager(s) together wifh off of lice taxable castt+ at aucft acuten.
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