|
REAL ESTAT€ t~iRtGAGE ,.-~ ~_r z°:--r;? 'e=•.r, ;.•r;
<br />u.t.Er ___fJctober 24, 19FGi
<br />Michael D. Landholm and Joyce E. Landholm, husband and wife
<br />. ..~_ 5gagors.
<br />i
<br />of $aI1 county. Nebraska ir, ~onsideratlon of
<br />' the advance of the print ipal sum recited in the rote erein-='t er de cri beC, -._ , sf ~,~n 1c T; !., ..ekenwled~ied, h?reby _
<br />'~ mortgage and convey to
<br />THE FEDERAL LAND BANK OF OMAHA, a Corporation,
<br />of Omaha, Doaglas County, Nebraska, chose address
<br />is Farm Credit Building, Omaha, Nebraska 68100,
<br />Mortgagee !subject to eil, gas, and mineral rights Ormed by part .her ~.^ar, !lortga3Ors; eyi sting easements Of -
<br />.ecord; reservations in United States and State pa tents: anCthe rlgrpca c- ~„_ public :n all highways), thefeliowing- -
<br />described real estate in gall co•~ ~.;, Nebraska -
<br />SEC. TWP. RG.
<br />Lot 23, Westwood Park Second Subdivision - - - - - - - 14 11N 1Q W 6th P.M.
<br />rn '
<br />as ~ ;n ~
<br />:,
<br />~_~ N ~ -n ~ ~ ..
<br />c.Tl Z ~7 G17
<br />C m m ~•
<br />, ~ y
<br />~ ~ .~3'
<br />~,,, ~ ~;a
<br />~~ ~ y
<br />N i mv:
<br />t~-
<br />LoBether with all Of the right, citl?, and irtzresr, ,~r the Mortgagors in said proper ty, ±r:ciuding x.11 bui L^!r;_~s.
<br />improvements, fixtures or sppurten a_^.c es now or hereafter acquired, including all apparatus, equipment, `fixtures ~:.
<br />art cle,. used Stn. -.,-" -S:.e, :mot- -iiu'!t, powe*• ^efrigeration. -1 rv~-
<br />ices, and the furnlshings4cuscomarSiy a..~prrop.*~iately inclu]ed try Sensors tc lessees inciu3l„g, ,.e„ [
<br />mirrors, screens, windows. storm windows ~~[^ doors, rscp=t }.^.g sod other `SOOT cover}r-gs, _ - beds.•[.+n'. rags. -
<br />S`_.oyae - rieera c~rc Water heaters, rnP.;i! iQner¢, *:tml`i - hearth a..d flre~la^e'=- +pma.,r _ :eh 1.":^.
<br />are decl a_ed :, ne a part Of the realstate, whether ,hysicalSypsttached Cher?t_ ~. ::et, y 4 deemeu ,- -,
<br />the serurl t-y for Cite ndzbtedrias9 hereinaf*_er ~-_criben. - -
<br />TDIs ,w. v~-~ is 'n_ivon ..... ........... .....m}G_ ,, ,. _ .., .......are heryw}*h. axe.....,,.. v_. ,v, f_,x?z_.0..~ _ .._- ___ -
<br />th~ pririciral ~.m a2 FIFTY-EIGHT THOIISAND SIX gUNDRED 9ND NC.+/IQO - - - ° - - - - - - %~~~~; AaS*.
<br />payable fir. installments with interest according to the terms of said cote, the last Sr.s tslment being due sod pay-
<br />able on the first day oP Novembe t, 2011 ,his ronveyance shall De void upon th? payment of said
<br />prOmiS30Iy nnT.@.
<br />The Mortgagors agree to pay, II requested by Mortgagee, On each installment date, Sn addition to the sums required -
<br />in the above-described pramissory note, asum equal ro the amount determined by the Mortgagee required to accumulate,
<br />and pay the Insurance premiums on policies of fire and other hazard insurance covering the mortgaged premises, sod
<br />the real estate taxes and assessments due on the mortgaged premises 1.5 days prior to the due dates thereof.
<br />the event that Che sums accrued for the payment Of the said premiums, taxes, or assessments srz Snsutricient, the '
<br />Mortgagors will, upon request, p$y such addltlonal sums prior to the due date thereof. Ail sums received tharefer -
<br />9ha11 be applied on the principal balance until such time as they are withdrawn; by Mortgagee for [.he payment of
<br />said premiums, taxes, or assessments.
<br />This mortgage is sub~ecC to the provisions of THE FARM CREDIT ACT and all acts amendatory thereof cr suppiemantal
<br />thereto. 'fha proceeds of the loan secured hereby will tre used for the purposes specif±ed Sn the Mortgagors+ appli-
<br />cation for Bald loan and authori2,ed by said Act. -
<br />The-Mortgagors, and each of them, hereby warrant that they are fee owners of the mortgaged real Property; that they - --
<br />'~ will defend the title against all claimants whomsoever, and that said property is free from all encumbrances: that '
<br />' they. wkll keep-all the improvements, fixtures, and appurtenances occupied and in good repair and permit no acts of -
<br />~I waste; and they will relinquish all rights Of homestead In said premises, andcovzua[it and agree with r_he Mortgagee,
<br />as follows:
<br />f
<br />(1) That they~will pay when dueall taxes, liens, ,tudgmertts, or assessments which may be .lawfully assessed against -
<br />~ the property herein mortgaged.
<br />~- (21 That-they will insure and keep insured buildings or other improvements now on or which may hereafter be pieced
<br />on said premisesto the satisfaction of-the Mortgagee, such insurance policy shall be endorsed with a mortgage clause
<br />with -the loss thereunder-to-be payable--to the Mortgagee. Any sums received may be used to pay fcr reconsCruc Cicn
<br />~ of-tbe_deatreyad improvements; or, Sf not so applied, may, st the option of .the Mortgagee, De applied in payment of
<br />any indebtedness, maturetl or unmatured, secured by this mortgage, -
<br />(3) That in Che event the Mortgagee Ss a party to array litigation affecting the security or the lien of !ts mort-
<br />1 gage, Snelnding any suit by the Mortgagee to_*oreciose this mortgage or any suit !n which Lhe Mortgagee may be named
<br />a. party defendant In which it Ss obligated to protect Its rights or lien, Including condemnaLlon and bankruptcy
<br />prceeeding9, tpe Mortgagee may hour expenses and advance payment for abstract fees, at*.crney fees (except to the
<br />extent prohibited by law), costs, expenses, and other charges.
<br />
|