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<br />RfiAG fiS7AITE yORTGA
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<br />Leonard E Graf and Marv W. Graf husband and wife
<br />Mortgagcrs,
<br />of Hall County, Nebraska in consideration o_*
<br />the advance of the principal sum recited in the note hereinafter described, receipt of which Ss ack^.owledged, hereby
<br />mortgage and convey to
<br />THE FEDERAL LAND BANK OF OMAHA, a Corporation,
<br />of Omaha, Douglas County, Nebraska, whose address
<br />i, Farm Credit building, Omaha, Nebraska 68100, -
<br />Mortgagee_(suhJecC to oil, gas, and mineral rlghis owned by parties other than Mortgagors; existing easements of
<br />record; reservations in United States and State patents; and the rights of the public in ail hlgriways;, thefolicwing-
<br />descrlbed real estate to Hall County, Nebraska ,
<br />SEC. TMP. R8.
<br />SE''~yandN'-~SW3y----------------------- 34 lI*7 11 W 6thP.M.
<br />~ontalning 240 acres, more or lzss, together with s11 of ~Ce ri¢~C, t1Lls, s:~d !n*_zr•~sc
<br />(now o:med or hereafter acquired) of the Mortgagors In said property, inc'_uding all build!..^.ds, improvements, tlxtn*es, {
<br />-- 1,. or appurtenances thereon or ftereaf ter placed thereon; all water, irrigation, and drainsg2 rights; *;P tenempnts,
<br />hersdltaments, and appurtenances Lheretc and the rents, issues, crops, and protSts arlslnc .rrm said leas; and (±f !_
<br />-- ?', the Mortgaggrs~ rights in the public domain are required by Mortgagee for security Purposes) all ceases, permits,
<br />-~ 2 1lcenses, or privileges, appurtenant ar nonappurtenant to said mortgaged }.remises, now nr hereafter "_ssued, sxtendeC.
<br />i~.'. or renewed to Gha tortgagors by the United States or the state in which the above-described preperty 1~ 2ncstR•1 .~r
<br />,~;_ j ally department, bureau, or adency thereof. ', -
<br />' ~.. Phis mortgage is given to secure a promissory note of even date herewith, executed by Mortgaanr.• -. ~;r':Kak4.k, !n '
<br />the Principal sum of FOUR HUNDRED TFIIRTY-THREE THOUSAly'D EIGHT HUNDRED 9ND NO/100 - -
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<br />-; - paVaDle w}tfi- interact--aecer~ii.^.g tom-to€--terns of ;aid--note,. ~hQ.-final payment-DR]r,g-due-ar~~-~-yahla ~n ~~Sv _-a,V
<br />~~ i of October, 2001 This conveyance shall De void upon the payment of ss i.! prnmisso:y note,
<br />,_; ~ This mortgage 15 subJect to the provisions of THE FARM CREDIT ACT and all acts amendatory thereof or supple,-antsl '
<br />thereto. The proceeds of the loan secured hereby will be used for the purposes specified !n the Mortgagors' app 11-
<br />( 'cation for Bald loan and authorized by said Act.
<br />~, ~ The Mortgagors, and each of them, hereby warrant Chat they are fee owners of the mortgaged real property; chat they
<br />will defend the title against s11 claimants whomsoever, and that said property Ss free from all ene*.Imbrances: that
<br />~° ' they will keep all the improvements, fixtures, and appurtenances occupied and in good repair and ,,^,ermit ne acts at (
<br />waste; and They will relinquish all rights o2 homestead In said premises, and covenant and agree wSth the Mortgagee, 3
<br />as follows:
<br />.-, j (1) 'Chat they will pay when due all. texas, liens, judgments, or assessments which may be lawfnLly assessed against
<br />t the property herein mortgaged.
<br />- j ( (2) That they will insure and keep Snsured buildings or other improvements now on or which may hereaf*_er De placed
<br />k on said premises to the satlslactlon of the Mortgagee, such insurance policy shall be endorsed with a mortgage clause ;
<br />with the loss thereunder to be payable to the Mortgagee. A11y sums received may be used to pay for reconstruction i
<br />-j I of the destroyed improvements; or, if not so applied, may, at the option of the Mortgagee, De applied Sn payment of
<br />iy any indebtedness, matured or unmatured, secured by this mortgage.
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<br />j (3j To pay-all. rents; teas, or charges-new due or to become dos under the terms of each cease, ;,srmit, '!tense, or -
<br />t privilege on the publid domain which is appurtenant or nonappurtenant Lo the mortgaged preml3PS, which has been
<br />=` ~ issued, extended, or renewed by the United States or the state In which the above-described property is located: and
<br />co perform and observe every act, covenant, condition, and stipulation necessary to keep each of the same Sn good i
<br />standing; and to take every necessary step to secure the reissue, renewal, or extenslen. cf each e* the same; and to +
<br />- it assign; waive, pledge-, or endorse to the-Mortgagee each lease, permit, license, or privilege !t Mor*.gagors~ rights ~
<br />~,' ~ in public doma.ln are requlretl by Mortgagee for security purposes. ,
<br />(41 That 1n the event the Mortgages is a party co any lltlgatlan affecttng the security or the lien ct Sts morc-
<br />L gage, Secluding any suit by the Mortgagee to foreclose-this mortgage or aqy suit In which the Mortgagee !nay be named :
<br />_._ ~ a party defendant in which it is obligated to protect !ts rights or Lien, IncludinA condemnation and bank r~.:p tcy
<br />proceedings, the Hortgagee may Incur expenses and advance payment ..*or abstract fees, attorney ..*ees ;except co the
<br />-,; ~ extent prohibited Dy law), costs, expenses, and other charges,
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<br />(5) That In the event the Mortgagors fail to -ay when due aay taxes, Liens, lodgments, or assessments] er fail to
<br />,_ t maintain Snsurance as hereinbefore provided, or Isil to pay rents, fees, or charges under the ;.arms o: any lease,
<br />,,, a permit, license, or prly liege: or Mortgagee is required to incur expenses far abstract fees, xttOr.^,ey fees, costs.
<br />_ expenses, and other nharges Sn ronnection with litigation, Mortgages may make such payment or provide such ?rs;reu:ce,
<br />er incur such obligation, and the amounts paid therefor shad become a part ~t [.ne indebtedness secured hereby due
<br />- - and patiatile immediately, and shai.l bear lhtersst Iran fife date of paYmen*_ at Ghe sme ?•ate. as provide-= t<~r def.~u;lt. -
<br />tn tre Hate.
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