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<br />8B~--100628
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<br />MOR.TGAGE
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<br />This Mortgage is entered into between FERN L. JANTZI. a sinsde
<br />woman. survivinJ{ spouse of Clair Jantzi. deceased. herein mortgagor)
<br />and The State Bank of Cairo, A Nebraska BankinJ{ Corporation (herein
<br />mortgagee),
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<br />Mortgagor is indebted to Mortgagee in the principal sum of
<br />$35.000.00, evidenced by Mortgagors' note dated February, L, 1988
<br />(herein Note) providing for pllyments of principal and interest, with
<br />the balance of the indebtedness, if not sooner paid, due and payable on
<br />December .3 ,2003.
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<br />To secure the payment of the Note, with interest as provided
<br />therein, the
<br />payment of all other sums, with interest advanced by Mortgagee to
<br />protect the security of this Mortgage, and the performance of the
<br />convenants and agreements of the Mortgagor contained herein, Mortgagor
<br />does hereby mortgage and convey to Mortgagee the following property
<br />located in Hall County, Nebraska.
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<br />The South Half of the Northeast Quarter
<br />(S1/2NE1/4) of Section 26, in Township 11 North,
<br />Range 12, West of the 6th P.M., Hall County, NE
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<br />including all irrigation rights, wells, pumps,
<br />irrigation equipment and acceosories thereto
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<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 and additions thereto, is hereby declared to be a part of
<br />the real estate secured by the lien of this Mortgage and all of the
<br />foregoing being referred to herein as the "Property".
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<br />Mortgagor further convenants and agrees with Mortgagee, as
<br />follows:
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<br />1. Payment, To pay the indebtedness and the interest thereon as
<br />provided in this Mortgage and the Note.
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<br />2. Mortgagor is the owner of the Property, has the right and
<br />authority to mortgage the Property, and warrants that the Hen created
<br />hereby is a first and prior lien on the Property.
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<br />3. To pay when due all taxes, special assessments and all other
<br />charges against the Property and, upon written demand by Mortgagee, to
<br />add to the payment required under t.he Note secured hereby, such amount
<br />as I1V.lY be sufficient to enable the Mortgagee to pay such taxes,
<br />assessments or other charges as they become due,
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<br />4. In the event the Property I or any part thereof, shall be taken
<br />by eminent domain, the Mortgagee is empowered to collect and receive
<br />all compensation which may be paid for any property taken or for
<br />damages to property not taken, and Mortgagee shall apply such
<br />compensation, at its option, either to a reduction of the indebtedness
<br />secured hereby or to repair and restore the property so damaged.
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<br />5. Mortgagee may, but shall have no obligation, to do any act
<br />which the Mortgagor has agreed but fails to do, and Mortgagee may also
<br />do any act it deems necessary to protect the lien hereof. Mortgagor
<br />agrees to repay, upon demand, any sums so expended by the Mortgagee for
<br />the above purposes, and any sums so expended by the Mortgagee shall be
<br />added to the indebtedness secured hereby and become subject to the lien
<br />hereof, Mortgagee shall not incur any personal liability because of
<br />anything it may do or omit to do hereunder,
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