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<br />MORTG.A.GI!;
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<br />88- 102916
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<br />Mortgagor is .indebted to Mortgagee in the principal'sum of
<br />~~~,-(LCLQ~~m, evidp.nc'ed by Mortgtl~or's note dated ;nJNE _1--, 198~ (herein
<br />Note) providing for payments of principal and interest, with the
<br />balance of the indebtedness, if not sooner paid, due andplloiable on
<br />M/}._Y.......J__,.lml~.!-.
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<br />This Mortgage is entered into between :rIMO'fRY J. MOHANNA and
<br />!LOUI~lLM. MQHANN~huBband any wife. as -iQinttenants and not as._
<br />tena~J,!> in common. herein m.ol"tgagor) and The State Bank of Cairo, A....
<br />Nebrasl{{1 Bank~~rat!g!L (herein mortgagee).
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<br />To secure the payment of the Note, with interest 1\8 proyided '
<br />therein, the payment of all other sums, with interest advanced by
<br />Hor.tgagee to protect the security of this Mortgage, and the performance
<br />of the convenants llnd agreements of the Mortgagor contained herein,
<br />Mortgagor does hereby mortgage and convey to Mortgagee t.he following
<br />propcl.ty located in !!~!U,&uJ1ffi__t'!~t>ra..<>ka:
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<br />km:_.!L..Q.f...JlA.m!___~J1JHUVIS ION OE..Ju.&CK_.~JJioGALL&., TURNJill...
<br />,~J}JtDl \'l~.QK..l~rJlg ~'L!Jil,AgE..... Ol."...J;AJRO......lLMJ, COQ~Xd!!!lPRA~M.t.-
<br />~~oQ.l::9jQlL..f.Q.tb~_.J:~c.Q.r9"gq-.-I!~t._t.bm:eof;
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<br />1. Pa;>'ment. To PflY the indebtedness and the interest therl!on W')
<br />provided in this !-1ortgage Hond the Note.
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<br />Together' with 1111 buildings, improvements, fixtures. streets,
<br />alleys, pllf:iSrtg(;~h'UYB, easements, I'ights, privilnges IlUdllppurtenances
<br />10Gated then!on or in any WHY pertaining thereto, and the .'ents, issues
<br />and profits, t'cvel.'siorlB IIwl n'll1llinderB thereof, all of which, including
<br />l'eplaeements and lldditiorHI t1wreto, is hereby declared to be a part of
<br />the 1'f.!B.1 estat<! sel;ured by the lien of this Mortgage and all at' the
<br />foregoing bdng refern~d tu hel'ein aB the "Property".
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<br />t-1orotgllgor further eonvemmts and agrees with Mortgagee, aB
<br />follows:
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<br />2. t-tortgagor is U\t: owner of t.he Property, has UH~ right and
<br />authority to mortgage the Propert)'. :ind warrants that the lien created
<br />hereby is a first and prlur lk,n on the Properly.
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<br />3, To pay when due all t.axes. special assessments and all other
<br />charges against the Property and, llpon wl'il.len demand by Mortgagee, to
<br />add to the payment required under the Note secured hereby, such amount
<br />as may b{~ ~ufficient to enable the 1'-1ort.gagee to pay sllch laxes,
<br />assessments or other charges as they become due.
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<br />4, In the event the Property, or any part thm'eor, shall be takl~n
<br />by eminent domain, the ~lortgagee is empo\vered to collect and receive
<br />all comp.?nsation which may be paid for any prop'~rt:r taken or for
<br />damages to property not taken, and Mortgagee shall uppJ;, such
<br />compensation, at its opt:ion, either to a reduction {)f the indebtedness
<br />secu['ed hereby or to repair and restore the-pro,IJ,erlL so damaged.
<br />~ ":\.~,. .' II" -. . <:.~- ""~ ,;~', '....~""'...:;., ~
<br />5. i'lorl.gagee may, but shall have no o~1't~t10P~',~d';db'..~~~.;)ctl
<br />which the r-Iortgagor has agreed but fails to;.do~'-an!t1i'Cf!~ltage...~::'W.ev.i; also
<br />do any act It deems neceSSEU7 to protect the lien hereof. ~lortgii~or
<br />agt'ces to repa:r', upon demand, any sums so expended by th(~ Mortgagee for
<br />t.H~ above purposes, and any ~lllIlS so expended by the l'lortgagee shaH ~H'
<br />,added to the inde!:>tedness secured herp.by and become subjt~ct to Uw li"ll
<br />'hereof. M()t'tgage(~ shrdl not Incur' riny personal liability bee[1us(~ of
<br />itlVlythiflg it may do or omit. to do h"re\lndpr.
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