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<br />MORTGAGE
<br />
<br />88- 102B2~
<br />
<br />This Mortgage is entered into between WILLIS J. ROTH and DARLENE
<br />M. ROTH. husband and wife. ~ioint t.erw.nts and. not as tenants in
<br />common. herein mortgagor) and The State Bank of Cairo, A Nebraska
<br />Bankin.1L...Qor..EQ!'atio!L (herein mortgagee).
<br />
<br />Mortgagor is ,indebted to Mortgagee in the principal sum of
<br />$8.000.00, evidenced by Mortgagor's not.e dat.ed Jlbt1:-..2..-, 1988 (herein
<br />Note) providing for payments of principal and interest, with the
<br />balance of the indebtedness, if not sooner paid, due and parable on
<br />~..L-,199.b-
<br />
<br />To secure the payment of the Note, \vith interest as provided,
<br />therein, the payment of all other sums, with intel'est advanced by
<br />Mortgagee to protect the security of this Ivlortgage, and the performance
<br />of the convenants and a.gl'eements of the Mortgagor contained herein,
<br />MortgagOl' does hereby mortgage and conve~' Lo !-lortgagee the following
<br />property located in !!{!.U CouJ:11y, Nebraska:
<br />
<br />A certain irregular ..tract or parcel in the Northwest Quarter
<br />of the Northeast Quarter (NWl/4NE1/4) of Section 31. Townshi~
<br />12 NQrth. Ra~lQ.. West of the 6th P.M"-Lmore parti~..Ylar}y
<br />gescribed as follQws~ BeJ!inning at a point on the north line
<br />of said Quarter Quarter_ section 167 feet east of the
<br />Northwest corner of said _9...uarter Quarter section~ runnmg
<br />t.l}ence due el!.~l _~lgM thELQ.orth line of said Quarte.r~ull!:l.Q..~
<br />section 85 feet_~t;.~_BO~!b.erIY ri~ht-of-waY line of the C.
<br />B. &. Q. RaiJ~g_G..<:>.mp-anL_~Un!!Jmt thence BOu,Yt---1;Lg~g:ree~J__1..f!
<br />mjnules..J.!ast..!!!QIllLsajd ri1tb.t-o.f-way line 157.4 f~et to tJlg
<br />porthwe~teJ:'JY corn~r_Qt.J~...1r~t~QPveYed_JpJb b_ott_k~.!!LbJJ~__r"'I!(~
<br />Grain C9..!.I-l'~~ded in _ B09k 54 of Deeds on Pal/:e 417 in tlt~
<br />records Qf tllLI.l~gJ~ter ,flLPg~.rt~l(fic~-9!'_ nnll_COUf!,t.Y..t
<br />~ebra8kaJ runnin~ t.hen_~~BOutl:L.l!i._~ntlJs. 14 migutes west
<br />alon~ the weBterlz.JJIDL9J'-.!l!!h,Ltru9.t.l-.J30 feeLt~L!;hQ
<br />southwesterly corn~~JJLg~tj__~Y.!!!ill.lg thence due west,
<br />!Larallel to t.he north H!!~~!!!!-~9-!B!!lrte.r quarter section
<br />200 feet; runniJ:uL!:hcnce ...9-''!~LJ).Qr.t.t1 168.8 feet to the place of
<br />peginJ!.!PJlJ. conJ;aini!1Jl_,,-7JLlM<r.!l~LmQ~J~IgIL.
<br />
<br />Together with all buildings, improvements, fixtures, streets,
<br />alleys, passageways, easements, dght.s, pI'ivilc!{cs and appurtenances
<br />located thereon 01" in any way perulining thcI"eto, and the rents, issues
<br />al.d profits. reversions and rcmaindc,'s thel'(~of, all of which, including
<br />replacements and additions theret.o, is he,'eby declared to he a part of
<br />the real estate secured by the lien of this ~I01.tgage flnd all of the
<br />foregoing being l'eferred to herein as the "Properly",
<br />
<br />Mortgagor further convenanLs and agrees with Mortgagee, as
<br />follows:
<br />
<br />1. Payment, To pa)' the indebtedness and the interest thereon as
<br />provided in t.his !-tort.gage and the Note.
<br />
<br />2. Mortgagor \s the owner of the Property, has the right and
<br />authority to mortgage the Property, and warrants that Lhe lien created
<br />hereby is (l first and prior lien on the Property,
<br />
<br />3, To pay \'.:hen due all taxes, special assessments and all othel'
<br />charges against t.he Property and, upon written demand by 1\lOl.tgagee, to
<br />add to the pay~:nt require~ under the Note ~cuI'.ed,-hereby, such, amount.
<br />as may be suffiCIent to enaole the !>.lortgagee tb'"Pa,:-1 ''''Hc.l1 , taxes, ' .
<br />assessments or other charges as they become jdtle~, ,;," , .'
<br />
<br />.1, In the CVtmt the Propertj', 01' any part. t.hereof, shall be taken
<br />by emiTlent domain, the Nortgagee is empowered to conect. and rcn'l\'e
<br />nil compensation which may be paid for any properLy takt'tl 01- for
<br />dlllT1ag'~R to property not taken, and NOI'tgagee shull rq:.ply "'lIdl
<br />com P'" Il Mllt.ion , at it!> option. ,~ither to a I'pductioll of the IrHl('bl.l'dnt""I;
<br />se,: 1I n:.d her'coby or to l'~pal [' and I'eslon' I he pr'or"'l't.~ so dalllllJ.(l't!.
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