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87- 101355 MORTGAGE This Mortgage is entered into between Larry Hadenfeldt and Peggy Ann Hadenfeldt, husband and wife. (Mortgagor herein) and The StpAe bank of Cairo. A Nebraska bankina Corporation (Mortgagee herein) Mortgagor is indebted to Mortgagee in the principal sum - of�Sl_.700.00 , evidenced by Mortgagors' note dated March 1��987 therein notes providing for payments Of principal and interest, with the balance of the indebtedness, if not sooner paid, due and payable on Mash I 1 _ ,�99? _____w_ -• To secure the payment of the Note, with interest as provided therein, the payment of all other sums with interest, advanced by Mortgagee to protect the security of this Mortgage, and the performance of the covenants and agreements of the Mortgagor contained herein, Mortgagor does hereby mortgage and convey to Mortgagee the following Property located in Hall County Nebraska: A tract of land in the Northeast Quarter (NE1 /4) of Section 19, Township 12 North, Range 12, Most of the 6th P.M., Hail County, Nebraska, more particularly described as follows: Beginning at the Southeast corner of said Northeast Quarter (NEI /4), thence running westerly on the south line of said Northeast Quarter (NE1 /4) a distance of 623.10 feet; thence deflecting right 88°02'40" and running northerly a distance of 880.70 feats thence deflecting right 6°20' and running northwesterly a distance of 429.95 feet; thence deflecting right 85°35' and running easterly a distance of 723.30 feet to the east line of said Northeast Quarter (NE1 /4)s thence deflecting right 8:5°49'40" and running southerly an the east line of said Northeast Quarter (NE1 /4) a distance of 1313.70 feet to the point of beginnings containing 23.72 acres, more or less, of which 1.0 acre more or less, is county road right of way. Together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges and appurtenances located thereon or in anywise pertaining thereto, and the rents, issues and profits, reversions and remainders thereof, all of which, including replacements and additions thereto, is hereby declared to be a part of the real estate secured by the lien of this Mortgage and all of the foregoing being referred to herein as the "Property ". Mortgagor further covenants and agrees with Mortgagee as follows- 1. Payment. To pay the indebtedness and the interest thereon as provided in this Mortgage and the Note. 2. Mortgagor is the owner of the Property, has the right and authority to mortgage the Property, and waFrants brat the lien created hereby is a first and prior lien on the Property, except as hereafter provided: 3. To pay when due all taxes, special assessments and all other charges against the Property and, upon written demand by Mortgagee, to add to the payment required under the Note secured hereby, such amount as may be sufficient to enable the Mortgagee to pay such taxes, assessments or other charges as they become due. r,. f