87101947 - Laserfiche WebLink

Browse

r. This Mortgage is entered into between Fffl , ALICE 11ARIE RLTY alai _ g6&yIN G WFLTY wife and huabssui (Mortgagor herein) and Min - testa Bank of Cairo A Nebraska BankiUng Cormmorat'!.cn. (Mortgagee herein) Mortgagor is indebted to Mortgagee in the principal sum of 911-200-00 evidenced by Mortgagors' note dated rarcyb 1987 (herein note) providing for payments of princ pal and interest, with the balance of the indebtedness if not sooner paid, due and payable on March 15, 1V90 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 oovenants and agreements of the Mortgagor contained herein, Mortgagor does hereby mortgage and convey to Mortgagee the following Property located in ball County Nebraska: The Northerly 837.69 feet of the Westerly 260.0 feet of the Northwest Quarter (NW' -t) of Section 5, Township 12 North, Range 11, West of the 6th P.M., Hall County, Nebraska 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 warrants that 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 acid 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. 4. In the event the Property, or any part thereof, shall be taken by eminent domain, a is empowered to collect and receive all r aid for any Property taken or for damage P taken, and Mortgagee shall apply such oompensaticw tts�Uion,: either to a reduction of the indebtedness secured hereby or to repair and restore the Property so damaged.