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This Mortgage is entered into between1j --
<br />(herein mortgagor) and T_.of
<br />therein mortgagee).
<br />Mortgagor is indebted to Mortgagee in the principal sum of X15, Q00 ..go
<br />evidenced by Mortgagors' note dated gI_JM7 (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 i4XXXXX ,q _October 1990.
<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 Hall County,
<br />Nebraska.
<br />The Westerly 537.0 feet of the Southerly 1,803.48 feet of
<br />the W1 /2NW1 /4 of Section 29, Township 12 North, Range 119
<br />West of the 6th P.M., in Hall County, Nebraska, said tract
<br />containing 22.233 acres more or leas
<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 he it 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 for damages to
<br />property not taken, and Mortgagee shall apply such compensation, 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 t.o repay, upon
<br />demand, any sums sea expended by the Mortgagee for the above purposes, and any
<br />sums 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 />porsonal liability because of anything it. may do or omit to do hereunder.
<br />J
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