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<br /> ` REAL ESTATE MORTGA�E ___!_ FoaM FLB_20 eev_ -
<br /> 7_8-- �'p 127 4 "
<br /> Date March 6. 1978
<br /> . � � i( V'�Y;
<br /> �� �
<br /> Vernon D. Bredthauer and Patricia A. Bredthauer, husband and wife � "
<br /> 1
<br /> ;,
<br /> � , Mortga.gars, {#
<br /> �(
<br /> or Hall Nebraska ;
<br /> . County, , in consiaeration of
<br /> � the ativance of the yrincipal sum reciteG in the note hereinatter tlescribed,receipt of which is acknowleGged, hereDy �
<br /> i . , � ,=,
<br /> mortgege and convey to �
<br /> THE FEDERAL LAND BANK OF OMAHA, a Corporation, ��
<br /> j of Omaha, Douglas County, Nebraska, whose address R
<br /> t ;1
<br /> is Farm Credit Building, Omaha, Nebraska 68100, i�
<br /> � Mortgagee (subJect to oil, gas, and mineral rights owned by partles other than Mortgagors; existing easements of #j
<br /> � record: reservations Sn United States and SCateDatents;and the rights of the public in all highways), thefollowing- �,
<br /> � _ ��
<br /> described real estate 1n Hall county, Nebraska
<br /> � f�
<br /> j` SEC. TWP. RG.
<br /> f� W'-�SE� - - - - - - - - - - - - - - - - - - - - - - - - - - - - 36 lON 12 W 6th P.M. E;
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<br /> contalning $� acres, more or less, Logether wlth all of the rl�t, tltle, anC interest � �
<br />� (noN owned ar hereafter acquired)oI the Hortgagors in sald property, including all DuildSnBs, improvements,tixtures, '.
<br /> or appurtenances Lhereon or hereafter placed thereon; all water, lrrigation, and drainage rights; the cenements, �' r.
<br /> hereditaments, and appurtenances thereto and the rents, Sssues, crops, and profSts arSsing from sa1Q Lantls• and (if �� �- �
<br /> the Mortgagors� r1�ts Sn the publlc domaln are requlred by Mortgagee for security pvrposes) all leases,�permits, �t
<br /> licenses, or prlvileges, appurtenant or nonappurtenant to sald mort�ged premises,now or hereafter Sssued, exLendeQ, � �� �
<br /> or reneweG to the Hortgagors by the Unitea States or the state Sn which the above-described property is locateQ or
<br /> aqy department, bureau, or agenr,y thereoS. ii .�
<br /> s
<br /> Thls mortgage Ss Riven Lo secure a promissory note of even date herewith, executed by Mortgagors co Mortgaqee, Sn �,
<br />{� the principai sum of ONE Hi7ND F.D HIRTY-THR THO AND THR • . HUNDRED AND NO/100 - - - �pLLARS, ��
<br /> r� payable with lnterest according f.o the terms of said note, the flnal p$yment be1nA Due and p�yable on the Ilrst day �i
<br />� :
<br /> i of.--....Marrh� 199R . T1iis conveyance shall be vold upon the payment of �aid pPomissory note. ;� �� .
<br /> j �Th1s mortgage is suD�ect to the provislons of THE FAAM C.9EDIT ACT anG all acts amendatory thereot or supplemental �; �
<br /> � thereto. The yraceeds of the loan secured hereby will be used Sor the purposes specSfleG ln the Mortgagors� appli- „ ��
<br /> cation for sald loan and authorizeG by said Act.
<br /> I'
<br /> The Hortgagors, and each of them, hereby warracit that they are fee owners of the mortgageti real proDerty; that they '�
<br /> � w111 QefenG the title against all clalmants whomsoever, and that said property is free Srom all encumbrances; Lhat ��
<br /> ! they will keep all the improvements, fixtures, and appurtenances occupled and 1n good repalr and DermiL no acLs of ' � ��
<br /> as follows;they will relinquish all rlghts of homestead Sn sald premises,anG covenant anA agree with the Hortgagee, i� -
<br /> I�
<br /> �(i) That they will DaY V+hen due all taxes, liens, �uGgments, or assessments whlch may De lawfully assesseG against �
<br /> the property herein mortgagetl. �� ` �
<br /> .(2) That they wlll insure end keep Snsured buildings or otrier improvements now on or whlch may hereafter be placeG � � '
<br /> on said premises to the satlslaction of the Mortgagee,such insurance pollcy shall be enGorseti with a mortgage clause �
<br /> �wlth the loss ChereunQer to be payable to the Mortgagee. Az�y sums recelved may be usetl to pay for reconstructian �
<br /> of trie destroyeG lmDrovements; or, 1f not so appliea, may, at the option of the Mortgagee, De applied in payment of
<br /> aqy YndebLeGness, matured or unmatureG, secured by this mortgage. � � ..
<br /> t��� permlt, 1lcense or
<br /> (3) 1'o DaY all rents, fees, or charges now due or to become due unCer the terms of each lease, � �
<br />� �privilege on the public Qomain which is appurtenant or nonapDurtenant to the mortgagetl premises, whlcn has been
<br /> lssued,eztended,or reaewed Dy the Un1LeQ Stat,es or the state Sn which the above-descrlbed property is located: and
<br /> �Eo�perlorm�anQ�observe every act, covenant, condition, and�stipulatian necessary to keep each oi Lhe same Sn gooQ �� - '
<br /> atanding;:�anQ to,take�every.necessary step Eo secure the reissue, renewai, or extension of each of the same; and Lo �� �
<br /> �.assign, waive,�pledge, �or enAorse to the Mortgagee each�lease, permlt, llcense, or prlvilege Sf Mortgagors� rights �� � � "
<br /> Sn�public domain are requlreQ by Mortgagee for aecurlty purposes. �. � � :x
<br /> �; . . .� . � .. . . . . �. .. .v�.- .
<br /> (4) That in the event Lhe MortgageE 15.a party W eny 11Ligatlon affecting the security or the lien o2 Sts mort i �� � � !„
<br /> gage,--Sncluding�nny�ault by tIIe Mortgagee ta foreclose Lhls�mortESage or ar�y suit in which the Mortgagee may be nameQ '-� � ��,.�
<br /> a party QeSenCant ln Which�it Ss obllgateA to protect its rSghts or 11en, Sncluding conQemnaLion an0 bankruDtcy !� �..
<br /> yrocesdings, the Mortgagee.may incur expenses snG aGvance D�ent Sor abstract 7ees, attorney fees (except to the ;I � '`
<br /> exteat yroblblted:�by law), coats,�expenses,�and other charges. � � �� . � ; -
<br /> (6y'1Lat:3n the event the�Hortgagors fail�to pay when�due a�y taxes, liens, �utlgments, or assessmencs, or fall to !� �� �� ���
<br /> maintaln insurance as herelnbefore:DrovlGeA, or fall to�pay-renta,.�iees, or charges unGer the cerms of aqy lease, � �
<br /> . �permit,�l2cense;��or�privilege;. or Mortgagee Ls�required� to Sncur expenses tor abscract fees, attorney fees, costs, �;.a,.,: . �.,,
<br /> ��exgeases,�aad other�charges�in'connection with 1ltigation, Mortgagee�may make such payment or provide such Snscrance, " � ��
<br /> ���or lncur suah�abllgatlon�;�and�the�amounts�palC�therefor ahall Decome a Dart of Lhe lndebtedness secureG hereby due �� -
<br /> -aaQ DtlYnble laQceQiate�y; anQ 5Qis11 bear lateresL irom the.Qate oi peymeat at tLe same i•ete es provided Sor defaulc �
<br /> 'Sn' the.note. -. �.�- . .. . .: �. . .. . . . . � .
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