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MORTGAGE 86— 100956
<br />This Mortgage is enterer into between Allen C. Bruhn
<br />(herein mortgagor) and The State Bank of Cairo, A Nebraska
<br />Banking Corporation (herein mortgagee).
<br />Mortgagor is indebted to Mortgagee in the principal sum
<br />of f___�?�5��� evidenced by Mortgagors'
<br />note dated 1L _ (herein Note) providing for payments
<br />of principal and interest, with the balance of the
<br />indebtedness, if not sooner paid, due and payable on
<br />To secure the payment of the Note. with interest as
<br />provided therein, the payment of all other sums, with
<br />interest advanced by Mortgagee to protect the security of
<br />this Mortgage, and the performance of the covenants and
<br />agreements of the Mortagagor contained herein, Mortgagor
<br />does hereby mortgage and convey to Mortgagee the following
<br />property located in Hall County, Nebraska.
<br />The Westerly Five Hundred Thirty Seven (537.0) feet of
<br />the Southerly One Thousand Eight Hundred Three and Forty
<br />Eight Hundredths (1,803.48) feet of the West Half of the
<br />Norttwowst Quarter (611/2 NMI/4) of Section Twenty Nine (29),
<br />Township Twelve (12) North, Range Eleven (11) West of the 6th
<br />P.M. in Hall County, Nebraska, said tract containing 22.233
<br />acres more or less.
<br />Together with all buildings, improvements, fixtures,
<br />streets, alleys, passageways, easements, rights, privileges
<br />and appurtenances located thereon or in anywise pertaining
<br />thereto, and the rents, issues and profits, reversions and
<br />remainders thereu+, all of which, including replacements and
<br />additions thereto, is hereby declared to be a part of the
<br />real estate secured by the lien of this Mortgage and all of
<br />the foregoing being referred to herein as the "Property ".
<br />Mortgagor further convenants and agrees with Mortgagee,
<br />as 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
<br />right and authority to mortgage the Property, and warrants
<br />that the lien created hereby is a first and prior lien on the
<br />Property.
<br />3. To pay when due all tares, special assessments and
<br />all other' charges against the Property and, upon written
<br />demand by Mortgagee, to add to the payment required under the
<br />Note secured hereby, such amount as may be sufficient to
<br />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,
<br />shall be taken by eminent domain, the Mortgagee is empowered
<br />to collect and receive all compensation which may be paid for
<br />any property taken or for damages to property not taken, and
<br />Mortgagee shall apply such compensation, at its option,
<br />either to a reduction of the indebtedness secured hereby or
<br />to repair and restore the property so damaged.
<br />5. Mortgage!e may, but shall have no obligation, to do
<br />arty act which the! Mortgagor has agreed but falls to do. and
<br />L Mortgagee may also do any act it deems necessary to protect
<br />the lien hereof. Mortgagor agrees to repay, upon demand, any
<br />sums so er.pended by the Mortgagee for the above purposes, and
<br />any sums su expended by the Ic)rtyagee shall be added to the
<br />ir'lda:tatedne5s secured hereby and bec:ume sobject to trIe 1 en
<br />rrererof . Mt,rtgatleu shall rfct irfc::r any pCir curial
<br />iae" :.0'_,<be -A can yth:t sled 7. t 1T.a Y- jr) CTr" uffi: t. ?. f:= .1 ' Y ?F_ =I
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