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<br />REAL ESTATE MORTGAGE
<br />NEBRASKA
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<br />83-n034S:)
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<br />of Hal.l. . .. .. . . . . County. J:L<;lbri3.ska . . ' ... . in
<br />coosKlera'fionof the advance O'f the principal sum recited in the note hereinafterdescribed and inconsideration of future
<br />advances.. .mad. e b.:v.mortqaaee tomol1mmo ny of them as hereinafter provided. hereby mortgages and conveys to:
<br />commerc~aa.!\lat~orraI . BanK & -Tl:l, .
<br />wtfbse. principal office isat 424westc_~. ree~-w:aijO--!sTan(r;:==_.___,_ . Nebraska. Mortgagee.
<br />the following desc,ribEld real prO'perty in _ H~,~~?2.lEt:L~_ITi5~~rd ._,.._~______ County. Nebraska.
<br />subject to oil, gas, and mineral rights owned by parties other than Mortgagor!s}; existing easements of record;
<br />lresent.ations in lJnltedStates and State patents; and the rights .of the public in all highways:
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<br />PCA 73, n
<br />17-131
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<br />(Open-End: To Secure Present and Future Obligations and Advances}
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<br />June 28, 1983
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<br />Date
<br />
<br />Richard Harders and Darlene Harders, husband and wife
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<br />. Mortgagor!s}.
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<br />Northw"~st Q'llarter SOllt,heast Qua.rter (Nl"~SE~~) 16-11-11 Hall County, Nebraska and
<br />Southeast Qua,rter Northwest Quartt"r (Sg~N'wl:1j 16-11-11 Hall County, Nebraska
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<br />and
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<br />Sotltheas't Quarter (SE~l 31-13-11 Howard County, Nebraska.
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<br />240 . " ..
<br />containing -_________IIC(I<$, more or less. accordmgto Government Survey; toglHller WIth all of the tight. lItle. and
<br />interest of tbe Mortgagorlsl in said property now owned. or hereafter acquired. and including all buildings and
<br />improvemelnts now on. or hereafter placed upon. s!lid real property; including also all water. irrigation. !lnd drainage
<br />rights,
<br />
<br />This mortgllgllt is given to secure:
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<br />(al A promissory note ), \lIVtlll by Mor,tgagor(sj to
<br />in the Jlrincipal sum
<br />paYllbl~, with interHt to the terms said note and any instruments taken in refinancing. extending. or
<br />renewing said indebtedness or any part there.ol:
<br />lbl An\' future advancelsl, with interest, which may be made from time 10 time by Mortgagee, at its option, to
<br />Mortgagorls). or llny of them 01 their succe$$OIS in l,tle, for Ilny purpose In any amount or amounts. provided.
<br />however. th~t ~uch futtlfl~ and additionlllllijvilnf:.!~) fr:al~J)eeS,~ I~f.~~:~,~ th,~t '~~t~t~!'prjnC!Plllllm...~~~~~~utstanding
<br />at any OAe tlm<B shall not exc"d the sum of ".",._',L",,1!..t.....'"~~""__"","'I!:;..,.n.t.:.:,"",t)..JL.,_~$Uld.....,__o.___. aOlLARS.
<br />andprQvided further the future advllnce(slsomade shall be payable .n accordance with the terms of a promissory
<br />no Ie or notes which may bEl laken to evidll'nce such advancels) or ilny parqOUrf.lQLCf,"1l 9Pti(1)ill advanCE/Is) herein
<br />auth<<i:zed shall b-e cQnsidll!red additional to theaUVllllce,S) hereinafter authpli~lll'l to, /:Ie IllIHIIl bV' th,e Mortgagee for
<br />the protection of the security or Mortgagee's interest therein.,} , . " ,,' .
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<br />Thill f'l1Ortgag810 be void upon the payment in full with illtefllst ot any obligations, present or future, secured or to be
<br />"cured hereby,
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<br />Thallr'l<!!'tgagQr(sl, IInd each of thern, hereby warrantls) tll<ilt thev "He lee owners of the mortgaged feal property; that
<br />thev will dellend too title again.lIlall claimants whom.soever; and IheV relinquish all rights of hQIll&lItead in said premises.
<br />aOdcove,.ant a,nd 111,}1'8& with the Mortgagee as follows:
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<br />{llroPAy~ben due ailtax.es, liens.judgments. or aSlllilSSrl'llmts which may be lawfully aSllessed against the property
<br />herein,mO(l,9llg;ed. and the rental charges uPoll any leastls assigned as additiQnalsecurity for this mortgage,
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<br />(21 To inWl8 and. kElep ins.ure;:t .buildings and other improvements now on or which may hereafter be placed on said
<br />' tisfaction of the MOI1gagee. Any policy evidencing suc;hinsurance shall be endors.ed witha mortgage
<br />and .infallor 01 Mortga.gea.,liIl'ld deposrted with. loss. thereunder to be payable to. Mortgagee as its
<br />.At thf> option of Mort!l<l90rls), and subject to general regulations oftne Farm Credit
<br />:ipn. Jurnsso fl!lCeived by Moltgagilte may be used to pay for reconstruction of the destroyed improvement(s};
<br />the option of Mortgagee, be applied in payment of illlY indebtedness. matured or unmatured.
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<br />pied l'ind in good ropair, IInd to relrain from the commission 01 any /lcts of removal,
<br />eof; not t,(I cut or remove. or permit to be cut or removed. any wood o( timber from said
<br />or pomlit no waste or Irw>pl:lirment of the value of this security; to continuously practice
<br />rmlng orl said lands. to prevent IHollion ..no the spread of nQxious and damilging weeds. and to
<br />the $O~I.
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<br />ortgagorjsl faills} to pay when auf.! any taxlits. t!lntal charges upon allY lell,lies'asliIigfll.lcl as
<br />hill mortgage, liens. judgrrn:mts. Qr assessments lawfullv assessed against the propElrty l1'llmin
<br />l'lUtinta-in Inll!tltanClil as hereinbl:l'fore provided. Mortgagee may make such payment Of prQvidll
<br />paid therefor shan become a pan of the .ndebledne!>s secured nareo". ,Iutl and
<br />.f1te~st at me current l'ate of the Mortgagee at the time thl:l Mortgagee milkessuch
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<br />faultls) to the paym.un 01 said plincipal sum, or in tnq repayment of any additional
<br />or of anyintfltr-est therl.'lOf'l. at the t.m<l when Ill.! same shull boa due. or ,..,dIll respuct to
<br />then. Ill! tl1... option Qt Mort,gagel!. the'ent,r<1l lndeblcdn"s$ so;;;u..'o !lure!>y "hall
<br />default. .and
<br />n the event 0'1 allY
<br />ll!.jrllC!$)lhllt IiIrly llX~tlS!Jl ;ncwred to
<br />of the debl~th:;Ullld h41rttby, and li'hilll
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