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<br />MORTGAGE
<br />$a-- 101551
<br />This Mortgage is entered into between
<br />1
<br />--1077T. HULME and KAY V. HUiME _ T
<br />u-- FsEncl anF-wi Te
<br />(Mortgagor herein) and The State
<br />Bank of Cairo, A Nebra ka B nkinc
<br />Corporation. (Mortgagee herein)
<br />R
<br />f Mortgagor is indebted to Mortgagee in the principal sum
<br />of 65 000,00__, evidenced by Mortgagors' note dated
<br />arc,i 1987 (herein note) providing for payments
<br />of princip�1 and interest, with the balance of the
<br />indebtedness if not sooner paid, due and payable on
<br />_ March n' 1997
<br />To secure the payment of the Note, with interest as
<br />Provided therein, the payment of all other sums with interest,
<br />advanced by Mortgagee to protect the security of this
<br />Mortgage, and the performance of the covenants and agreements
<br />of the Mortgagor contained herein, Mortgagor does hereby
<br />mortgage and convey to Mortgagee the following Property
<br />located in ----U-all _ County Nebraska:
<br />The West 144 acres of the Southwest Quarter (St,";}
<br />of Section 32, Tortnshir) 12 !:orth, Ranee 12, Wes,
<br />of the 6th P.M., Hall County, 3:ebraska, and
<br />The South Half of the ';orthwest quarter (SVI'1 )
<br />of Section 32, Touns:liD 1'_ `#orth, °anne 12 'nest,
<br />of the 6th P.M., Hall County, "ebraska
<br />Together with all buildings, improvements, fixtures, streets,
<br />alleys, passageways, easements, rights, privileges and
<br />appurtenances located thereon or in anywise pertaining
<br />thereto, and the rents, issues and profits, reversions and
<br />remainders thereof, all of which, including replacements and
<br />additions thereto, is hereby declared to be a part of the real
<br />estate secured by the lien of this Mortgage and all of the
<br />foregoing being referred to herein as the "Property ".
<br />Mortgagor further covenants and agrees with Mortgagee as
<br />follows:
<br />1. Payment. To pay the indebtedness and the interest
<br />thereon as provided in this Mortgage and the Note.
<br />2. Mortgagor is the owner of the Property, has the right
<br />and authority to mortgage the Property, and warrants that the
<br />lien created hereby is a first and prior lien on the Property,
<br />except as hereafter provided:
<br />3. To pay when due all taxes, special assessments and all
<br />other charges against the Property and, upon written demand by
<br />Mortgagee, to add to the payment required under the Note
<br />secured hereby, such amount as may be sufficient to enable the
<br />Mortgagee to pay such taxes, assessments or other charges as
<br />tFiey become due.
<br />4. In the event h ProDerty, or any part thereof, shall
<br />be taken by eminent dom a is empowared to
<br />collect and receive all a Eas satibh�4Y be paid for a.-Ay Property taken or for to Property not taken, and
<br />Mortgagee shall apply such compensation, at its option, either
<br />to a reduction of the indebtedness secured hereby or to repair
<br />and restore the Property so damaged.
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