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RE~E. E~T~TC l;'6~~E
<br />- i7ctober 8; i9~W'1
<br />i
<br />Doyle E. Herders {also known as Doyle Handers} and Donna 12. Herders, Husband and
<br />(
<br />wife
<br />i ..,. trgo ,
<br />i
<br />of Hali Cotmty, 1•iebrzska in cor,si.^_eratien cr
<br />.,Pte advance of the DrlnciDal sum reci*_ed Sn the note .,...elnsfter ..?scribe.,, receip ..,- w*,ich ._ arrnowl. 3ed. „_.u^Y
<br />- I mortgage and Canvey to
<br />_ THE FEDERAL LAND BANK OF 019ARA, a Corporation.
<br />of Omaha, Douglas County, Nebraska, whose address
<br />~ is Farm Credit Building, Omaha, Nebraska 68100,
<br />Mortgagee {sub]ect to oil, gas, and mineral rights owned by parties other than Mortgagors; existing ~ssements of
<br />t record; reservations in United States and State patents: and the rlgtrts of the public in all highways;, thefollawing-
<br />i
<br />described real estate in Hail county, Nebraska -
<br />SEC. TMP. R8.
<br />i
<br />:.= i h"-ySW'-4 eatcept that part thereof conveyed to the State
<br />''• of Nebraska, as recorded in Book 118 at Page 585 of
<br />the Deeds Records of Hall County, NE - - - - - - - - - 18 11N 11 W 6th P.M.
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<br />- containing 81'67 acres, more or less, together with all of the right, title, and interest -w
<br />- ~ (now owned or hereafter acquired) of the Mortga@~rs in said property, including all bulldlrgs, improvements, fixtures, ~ .
<br />- ^ apply r_enances thereon or hereafter Planed thereon; all water, irrlgatlnn, -and drainage rt~hts; t??e r_ _ -eat°,
<br />herediLaments, and appurtenances thereto and the rents, issues, crops, and profits arising from said lc~.ds~;F,~:vnd ii. -
<br />- t?:e Mortgagars~ rights in the public domain are requiretl by Mert gagee for se rl ty PurDasesj ail leases, permits, -
<br />llcenses, or privileges, appurtenant or nanapp,~r tenant to said mort gaged premises, now ar hereafter issued, _~xt.erded,
<br />- ar renewed to the Mortgagors by the United States or the state in which the above-described property i, .ocat e:: or -
<br />anv d~par ~meilt, bUS'E`att, o' a~,ency ttlere Of.
<br />-- j u,ro ,ndr`va..gc ,.. at='@n ..v .. ec;tre d prv;lw s$o~ ~ ..v ~~ Cl ~~~.. ..~..., ...,. _-.. s ~~~~u led ~ ...,. a o _ .._. ..~. -~ ;. ...
<br />nuuu~TUnu~nmHnt~cnunp~ynNnlgnn- ---------------
<br />; Frlnci&~:
<br />nsvatrle with int~rest a„~erding to-the terms of said note, the final payment being due and payab?o on the fPrSr ~y _
<br />: I of Clctobe r, 240 1 This conveyance shall be void upon the payment of said promissury note.
<br />This mortgage Ss sutr~ect to the Drovislons of THE FARM CREDIT ACT and ail acts amendatory thereof or supplemental ~ ~~
<br />thereto. 'fhe proceeds of the loan secured hereby will be used for the purposes specified Sn the Mortgagors apply-
<br />; ~ cation for said loan and authorized by said Act. j ,:
<br />The Mortgagors, and each of them, hereby warrant that they are See owners of the mortgaged real property; that they
<br />., ~ will defend the title against all claimants whomsoever, and that said property is tree from all encumbrances; that
<br />they will keep all the improvements, fixtures, and appurtenances occupied and in good repair and permit ^o acts cf ( ':
<br />' waste; and they will relinquish all rights of homestead in said premises, and covenant and sense with the Mortgagee, ,
<br />' as follows: '
<br />~ :.
<br />-; ~ (1) That they will pay when due all taxes, liens, judgments, or assessments which mryy be lawfully assessed against 1
<br />~; i the Property herein mortgaged. ~ ~.!
<br />i
<br />__. p {2) That they will insure and keep insured buildings or other improvements now en er which may hereafter 0e placed
<br />_ € on said premises to the satisfaction of the Mortgagee, such insurance policy shall be endorsed with a mortgage clause ','
<br />~; [ with the loss thereunder 4o tre payable to the Mortgagee. Any sums received may De used to pay tar recanstructlon i ,;
<br />iiJ of the destroyed improvements; or, if Hat so applied, me<y, at the option of the Mortgagee, be applied in payment of
<br />any indehtedness, matured or uruoatured, secured try this mortgage.
<br />_- ` {3) i0 pay all rents, lees, fir CPiai'ge3 now due ar to beCpme due under the terms Of each ieas2, y.er mil, `f'ens or
<br />t privilege oaf the Putrli4 domain which is appurtenant or nanappurtenant to the mortgaged p,^amisas, which }tae been
<br />'; ) issued, extended, or renewed by the United States or the state 1n which the above-described property is located; and
<br />to perform and observe every act, covenant, condition, and stipulst!on necessary to keep earn of the same in good
<br />s€andlitg; and to take every necessary step to secure the reissue, renewal, or extension of each of the same; artd to
<br />assign, waive, pledge, or endorse to the Mortgagee each lease, Defmlt, License, or privilege Sf Mortgagors rights
<br />in public dainain are required by Mortgagee for security purposes. i ;
<br />14) That in the event the Mortgagee is a party to any litlgstion affecting Lhe security nr the lien of ir.; mot t-
<br />gage, including any suit by the Mortgagee to foreclose this mortgage or any suit !n which Lhe Mortgagee may be named
<br />.; ) a-party defendant Sn which St is otrllgated to protect its rights or lien, Including condemnation and bankruptcy
<br />;, ; proceedings, the Mortgagee may incur expenses and advance payment for abstract fees, attorney fees (except to the
<br />extent prohibited by law), costs, expenses; and other charges. _
<br />{til That 1^ the e•rent the Mortgagors fail to pay when due any taxes, liens, ,lodgments, or assessments, or tall rc
<br />maiintain insurance as hereinbetore provided, ar fail to pay rents, fees, or charges under the terms of any Tessa,
<br />permit, liters€, ar privilege; Mortgagee is required to incur expenses fen abstract °°es, sttarrey "ees, ,
<br />eY ~*,se^, and other char es in ccnnestien with litl alien. Mort ae ms make ~,ch a ;neat erpravide ,cn ;; ~,c~ ,
<br />p_.. a g a~ y P y
<br />or incur such ohllgation. and the amounts paid therefor shall oeoome a part of the ndebted.e +ew -~ her oy ~-
<br />a.-id payable immediately, and shall bear int..rest fry the dam of payment at ~*re sate :ate p. ..., dcv i,r ,.,, a,,. ,.
<br />in the nrta.
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