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b v t ' i 87- 102440 MC7RTC��C.3I£ This Mortgage is entered into between -.__ W�1%N "� 1.1cf1�VI S�'andT S1�CU�A- FicfiAVi�F- " - - - -" --- h_ wif_-_-'— ----------- --_— ----------- — (Mortgagor herein) - -and The State Bank Of f!ai rn A Nehru ®4 i Cor��.ration (Mortgagee herein) Mortgagor is indebted to Mortgagee in the principal sum of PR evidenced by Mortgagors' note dated - -� t_19- -_ -, (herein note) providing for payments oP principal and interest, with the balance of the indebtedness if not sooner paid, due and payable on _APRIL_ 1997 To secure the paym_ ent 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: WAW -4 and SE *114- of Section 33, Township 11 North, Range 11, blest of the 6th P,11., 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 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. --- 4. In the event the Propert be taken by eminent domain, t Pr of, shall ,. v...,. collect and receive all com%nsati whip ®'a s'e owered to LProperty taken or Por dam p d -or any Mortgagee shall apply such compensation,�patt its ooption, either to a reduction of the indebtedness secured hereby or to repair and restore the Property so damaged. r, Im