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Mortgagor is indebted to Mortgagee in the principal sum of W _ -9%
<br />evidenced by Mortgagors' note dated QpApb@_ , 1907 (herein Note) providing
<br />for payments of principal and interest, with the balance of the indebtedness,
<br />if not sooner paid, due and payable on jMW L0, 9 ;I.
<br />To secure the payment of the Note, with interest as provided therein, the
<br />payment of all other sums, with interest advanced by Mortgagee to protect the
<br />security of this Mortgage, and the performance of the convenants and
<br />agreements of the Mortgagor contained herein, Mortgagor does hereby mortgage
<br />and convey to Mortgagee the following property located in 1A1 County,
<br />Nebraska.
<br />All of Lots 7 and 8 and the South 10 feet of the East 52
<br />feet of Lot 9 in Block 16, Original Town of Cairo, Hall
<br />County, Nebraska.
<br />Together with all buildings, improvements, fixtures, streets, alleys,
<br />passageways, easements, rights, privileges and appurtenances located thereon
<br />or in any way pertaining thereto, and the rents, issues and profits,
<br />reversions and remainders thereof, all of which, including replacements and
<br />additions thereto, is hereby declared to be a part of the real estate secured
<br />by the lien of this Mortgage and all of the foregoing being referred to herein
<br />as the "Property ".
<br />Mortgagor further convenants and agrees with Mortgagee, as follows:
<br />1. Payment. To pay the indebtedness and the interest thereon as
<br />provided in this Mortgage and the Note.
<br />2. Mortgagor is the owner of the Property, has the right and authority
<br />to mortgage the Property, and warrants that the lien created hereby is a first
<br />and prior lien on the Property.
<br />3. To pay when due all taxes, special assessments and all other charges
<br />against the Property and, upon written demand by Mortgagee, to add to the
<br />payment required under the Note secured hereby, such amount as may be
<br />sufficient to enable the Mortgagee to pay such taxes, assessments or other
<br />charges as they become due.
<br />4. In the event the Property, or any part thereof, shall be taken by
<br />eminent domain, the Mortgagee is empowered to collect and receive all
<br />compensation which may be paid for any property taken or f7r damages to
<br />property not taken, and Mortgagee shall apply such compensati6fit" at "'its
<br />option, either to a reduction of the indebtedness secured hereby or to repair
<br />and restore the property so damaged.
<br />5. Mortgagee may, but shall have no obligation, to do any act which the
<br />Mortgagor has agreed but fails to do, and Mortgagee may also do any act it
<br />deems necessary to protect the lien hereof. Mortgagor agrees to repay, upon
<br />demand, any sums so expended by the Mortgagee for the above purposes, and any
<br />sine so expended by the Mortgagee shall be added to the indebtedness secured
<br />hereby and become subject to the lien hereof. Mortgagee shall not incur any
<br />personal liability because of anything it may do or omit to do hereunder.
<br />a
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