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<br />89- 141434
<br />This Mortgage is entered into .between MO -EIQ0i M, MID DORO111iY
<br />EIQ®OW, hwabud aid wife,, herein mortgagor) and of
<br />Cam' , A Nebraska Borst Qorooratian ( herein mortgagee) .
<br />Mortgagor is indebted to Mortgagee in the principal sum of
<br />$222,000.00, evidenced by Mortgagor's note dated Hsrch 20 1989
<br />(herein Note) providing for payments of principal and interest, with
<br />the balance of the indebtedness, if not sooner paid., due and payable on
<br />20 .1994.
<br />To secure the payment of the Note, with interest as provided
<br />therein, the payment of ali other slims, with interest advanced by
<br />Mortgagee to protect the security...of this Mortgage,; and the performece
<br />'of the convenants and a ;4f the Mortgagor.stained herein,
<br />Mortgagor does hereby mortg_ >::QOnvey to Mort the following
<br />'property located in Ball teit ?braskeR
<br />North self of the Southowt, Quarter (N1/ 1/4) of Sectiam. •
<br />12, Township 10 North, fie 12, West of the 6th P.H., exempt
<br />a certain tract conveyed by warranty deed in Bank 140, Page
<br />620; and
<br />FAst Half of the SOUtbWest Quarter (E1 /2SVjZjj4) of Section'..
<br />31, Township 12 North, Range 12, West of 6th ,P.H. ; said.'.'
<br />Northmest Quarter (NW1 /4) of Section 23, x,10 North,
<br />Range ..12, West of the 6th P.M., except a trwt c mveyed by
<br />warrantr-deed as Document No. 79- 004510;
<br />all in Hall (arty, Nebraska
<br />Together with all buildings, improvements, fixtures, streets,
<br />alleys, passageways, easements, rights, privileges and appurtenances
<br />located thereon or in any way pertaining thereto, and the rents, issues
<br />and profits, reversions and remainders thereof, all,of which, including
<br />replacements arA additions thereto, .is hereby declared to be a part <W
<br />the real estate aecured by the lies: of this Mortl9i,, a and all of the
<br />foregoing being referred to.herein as the "Property ".
<br />Mortgagor further convenants and agrees with Mortgagee, as
<br />'follows:
<br />1. Payment. To pay° the indebtednea;� arnd the interest thereon as
<br />provides]; in this Mortgage and the Note.
<br />2. Mortgagor is the owner all the Property,_Ims'the right and
<br />authority to mortgage the Property, and warrants that the lien created
<br />hereby is, a first and prior lien on the Pmperty.
<br />3. To pay when due all taxes, special assessments and all other
<br />charges against the Property and, upon written denwM by Mortgagee, to add
<br />to the payment required under the Note securrad herel;y, . ,:t <ch amount as may
<br />be sufficient to enable the Mortgagee to lxiy such taxes, assessments or
<br />other charges as they become due.
<br />-T 4. In the event the Property, or any pert thereof, shall be taken by
<br />eminent domain, the Mortgagee is empowered to collect and receive all
<br />compensation which may be paid for any property taken or for damages to
<br />property not taken, and Mortgagee shall apply such compensation, at its
<br />option, either to is reduction of the indebtedness secured hereby or to
<br />repair and restore the property so damaged.
<br />5. Mortgagee me►y, but shall have no obligation, to do any act which
<br />the Mortgagor has agreed but fails to do, and Mortgagee may also do any act
<br />it deans necessary to protect the lien hereof. Mortgagor agrees to repay,
<br />upon demand, any stuns so expended by the Mortgagee for the above purposes,
<br />and any ate so expended by the Mortgagee shall be
<br />added to the indebtedness smttred hereby and become subject to the lien
<br />hereof. Mortgagee shill itot incur tuiy personal liability c>f
<br />anything it•may do or unit to do heretuxier.
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