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oc_. 103245
<br />MORTGAGE
<br />This Mortgage is entered into between Angeline Dibbern
<br />and Peter Dibbern, wife and husband therein mortgagor) and
<br />The State Bank of Cairo, A Nebraska Banking Corporation
<br />therein mortgagee).
<br />Mortgagor is indebted to Mortgagee in the principal sum
<br />of $55,500.00 , evidenced by Mortgagors' note dated May 23`
<br />19136 therein Notes providing for payments of principal and '
<br />interest, with the balance of the indebtedness, if not sooner
<br />paid, due and payable on MayA3, 1993 .
<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 Southeast Quarter of Section 23, Township 12 North, Range
<br />12, West of the 6th P.M., Hall County, Nebraska
<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 thereof., all of which, including replacemen-s and
<br />additions thereto, is hereby declared to be a part of the
<br />real estate secured by the lien of thi= Mortgage and all of
<br />the foregoing being referred to herein as the "Property ".
<br />Mortgagor furt:r-.er convenants and agrees with Mortgagee,
<br />as +o 1 ows:
<br />1. Payment.. To pay the indebtedness and the interest
<br />thereon as provided in this Mortgage and the iVote.
<br />_. Mortgagor i= '-he owner of the Property, has the
<br />right and authority to mortgage the Property, and warrants
<br />that the lien crectLed hereby i. a first and prior lien on the
<br />Property.
<br />To pay wr -ien di.ie al I ta;: -s 5peci _il rise =_isments _ind
<br />all other- charges against the Property and, Upor -, written
<br />demand by Mortgagee, to add to the payment. required (.ruder the
<br />Note secured hereby, such amo_in'_ as rna.y be suffic3ent to
<br />enable the Mor-tg._,gee to pay such ta: es. assess;ne-rts or- other -
<br />cha.rges, as they become due.
<br />4. In the event the Property, or any part thereof,
<br />shai 1 be taken by emI {,ent. !ornain, the Mor tqagee is empower ed
<br />to coliec t and _ceive all _onipensaticD vi i -_h n:ay be paid =or
<br />any property taken or for - dainages le pro,.>e,L" iut fad. -en. :end
<br />Mortgagee shall -ippiy eur:h compere =.,:O_ioc, :it it.tz: option,
<br />either- to a r'ed!_ +r ti t,n of the i nder,tednFa� ss e;ec,.v ed hereb,-
<br />to repo) r anC r :esstor e the pr-oper-ty so can aged.
<br />°,. Mortgagee rn „y, hr_;t -hai i h_ive nu otil itlatir;r . tc d
<br />any act whit::) the Mor tc_;ayor has agreed b_it -. i to do,
<br />Mor tgagea may al so_ do any act i t deems nec essar o Fir 'Af-C t
<br />the ). y en hereof . Mer t +Iagur- agrees tc, repav , upart demand, arty
<br />sum -s sal expended by the Mortgagee iijr- ihE above F?Lr (z 1
<br />any >r•,n, so eXpended by tr-.e Mor -41 1 i br• ac;dei c. the
<br />;ndebl,_edrtest, red ` e>r rtry and bec ?mea 5, J., ,!_.: t r- r ti-:, I t en
<br />L
<br />hereof tmc,r t gay Ne r,._it c r
<br />bt -ec, elu3: e of ,<nvth, h,_, t t- .n.2. _)'_ • "'nn, _ 'r .I., -E' cl�: i'_
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