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<br />:,_._ _ October S. i9$1
<br />Tia~thy D. McGuire and Carolyn R. McGuire, husband and wixe
<br />usrtgagor
<br />of- Hall county. Nebraska in conslderatioa cf
<br />the advance of the principal sum recited Sr, the note hereinafter described, receipt ct which is acknowledged, hereby
<br />mortgage and convey to
<br />THE FEDERAL LAND BANK OF OMAHA, a Corporation,
<br />of Omaha, Dougias County, Nebraska, whose address
<br />is Farm Credit Building, Omaha, Nebraska 68100,
<br />Mortgagee {subJect to oil, gas, and mineral rights owned by parties other than Mor*.gagors; existing easements of
<br />record;'reservations in United States artl State patents; and the rights of the public Sa all hlgYiways}, thefollowing-
<br />described real estate in Hall court,,, Nebraska __
<br />SEC. Ti/P. R8.
<br />SE3L - - - - - - - - - - - - - - - - - - - - - - - - - - 9
<br />lON 12 W 6th P.M.
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<br />containing 160 acres, more or less, together with all of the ri giit, title, rod interest
<br />{now owned orhereafter acquired} of the Mortgagors in Bald property, Sncludlag ali buiidings, Smprovements, fixtures,
<br />er appurtenances thareOn or nePeatter p13e2i tD2PeOfl; iii :Dater, !rri gation, anal drainage rights; the tenements,
<br />heredltaments, and appurtenances *hereto and the rents, Issues, crop;, -i:id nrcrlts .3*-ising from Bald ,any;; and of
<br />the Mortgagors rights in the public domain are required by Mortgagee for s?curity purposes) all leases, Gentofte,
<br />licenses, or privileges, appurtenant or nonappurte:,ant to _,a1d mortgaged premisPS,;:ow or hereafter issued, extended,
<br />or renewed to the Mortgagors by the United States or the eta to to whSeh 'ne above-described property Is located
<br />any departmene, bureau, nr agency thereof. '-
<br />,...u ~~.... n~ge ~~ glveii i.O icCL're a (iron,i:iS -~. :+ ;,4 to cf .°veII :11 tC '.e i'ewit Pxt, C!i Le n. ny Mort gaKOrS CO M~rtgaa@@, ,,,
<br />..,fl .,.. ^ipal s;~m cf V~ a s. ~n "'S+H= n i+r :.f; J 'k-f -
<br />F~vaGle~wSth Snterest ~aecordi u to the termer , r n ,r *+: ,, ~ililiLARS•
<br />of January, 2002 This conveYanoe shall he voi-d ~~poc: -.. y V P ..
<br />the payment of said promissory note.
<br />This mortgage is suDJecL to tiie provisions of THE FARM CRE-IT ACT and sil acts amendatory thereof or supplemental
<br />thereto. The proceeds of the loan secured hereby will be used for the purposes specified In the Mortgagors appli-
<br />cation for said loan and authorized by said Act.
<br />The Mortgagors, and each of them, hereby warrant coat they are fee owners ei the mortgaged real property; that they
<br />will defend the title against all claimants whomsoever, and thst said proper*_y !s tree ir~r; all encumbrances; thst
<br />they will keep all the Smprovements, fixtures, and appurtenances occupied and In good repair and permit no acts of
<br />waste; and th@y will relknquish ail rights of homestead in said premises,~~id covenant and agree with the Mortgagee,
<br />as follows:
<br />(1) That they will pay when due all taxes, Ilene. Jutlgments, or assessments which may be lawfully assessed against
<br />the property herein mortgaged.
<br />{2} That they wili 'peace and keep insured buiidings or other SmGrovements now on or which may hereafter be placed
<br />on ^aid premises to the satisfaction of the Mortgagee, sucitlnsursnce policy shrill be endorsed with a mortgage r_lause
<br />with-the loss there•,uider to be payable to CDe Mortgagee. Atr sums received may be used to pay for reconstruction
<br />of the destroy@d improvements; or, Sf not so applied, may, at the option of the Mortgagee, b@ applied in payment of
<br />aryy indebtedness, matured or unmatured, secured by this mortgage.
<br />T=3 i"ay ali rents, _`ees, ^r cY:ariges now du& or to becc~~~e due under the rerms of each lease, permit, license, or
<br />~r,.vilege on the public domain which is appurtenant er nnnappurtenaat °o the mortgaged premises, which has b@en
<br />issued, @xtende-d,or renewed by the United States or the state in which Lhe abov@-described property Ss located: and
<br />to perform and observe every act, coo@nant, condition, and stipulation necessary to keep each of the same in good
<br />standLig; and to taRa every necessary step Co secure the reissue, renewsl, or oxtension of each of the same; and to
<br />assign, waive, pledge, or eridorso to *.he Mortgagee each lease, permit, llcease, or privilege it Mortgagors rights
<br />In public domain are required by Mortgagee for security purposes.
<br />{4} That in the event the Mortgagee 15-a party to any litlgatlon affecting the security or the lien of its mort-
<br />gage, inaiuding.suy suit Dy the Mortgagee to foreclose this mortgage or any suit Sn which Lhe Mortgagee may De named
<br />a party defendant in which it is obligated to protect its rights or Ilan, including condemnation and bankruptcy
<br />procQe4ings, the Mortgag@@ may incur expenses aild advance payment for abstract fees, .attorn@y fees {except to the
<br />extent. prohibited by law), costs, expenses, and other charges.
<br />(5) That in the evert the Mortgagors tail to say when due at;y razes, !+.ens, +.udgc~euts, or assessments, or rail to
<br />maintain insurance as her@Snbafore provided, or fail tc pay rents, ,e@s, or r_haa•ges wider the t.@rrs n. a..y lease,
<br />permit. lie@rse, or privilege; cr norigagee is required to Sn^.nr' expen=es inn abstract ,,*ees, attorney fees, ~osis,
<br />oxpenses, an„otti@r ctlarges in conrvction with 'itigatici Mor titage may mrke c*, ,.ay .ant ~r de .such Sns;.ra~,n ~,
<br />dr .ncu* ^u Y1: ob`'igatien, and the amounts paid 'Rare°or Pial1.6e~urc a a,t [h~ .nom@~,c_dre e.ured hereby :tae
<br />aadepayaDle 1~@41ate?y, azin_ snail bear .rater@- r -~. th ~+ to of , _.._ ,4 ~, - ,;,Sd
<br />.r: the notes. - .- --te ed icr default
<br />REAL E3iATE kOR3fiAG~E
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