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103596
<br />IMT
<br />This Mortgage is entered into between Henry R. Rhoda and
<br />Loretta M. Rhoda, husband and wife, as joint tenants and not
<br />as tenants in coax on I Ier e: Y, rzr :d The State Bank
<br />of Cairo, A Nebraska Banking Corporation 0,erein :mortgagee ?.
<br />MOrtgagtjr i I bte-d t. "tort_i1 :.rt ti',r t;riJ;cipal SU.'P
<br />of $30,000.00 , r. •. i lace :c=w -t h •r M +ter t } . # <: •1 :1! -1 June 30
<br />1986 °P•er -i1 , trJ .."u�i•..i :rr: ,C�r }.. '.t + (..r .ilC. afIC
<br />Lert st .
<br />Witt', rr t? 't;:il a?.( G 3f ti! . • :•te�C :t Jr i ? ilUt - i)onc�t
<br />paid. •tut. ,f,,? x ,tune 3v 1993
<br />(ti St'•. ..r F_ tt;t- r y,'Mt'i;t :94 `.t+* (.Ft')'P. wt *ti I n! ere:st ads
<br />�_,. U: rl. >�-( .. r.i r,, r t,� y3 c�. r•ic%,...t pr c.i }t Y > :, ^ ",•�. tVt til
<br />t r. t. r��• -,_ .c7 .•.? r.p. r•(ii, :a c,'tr t _. L "?r•: t
<br />,, i•t; t=CLtr :'v !..'
<br />tr , t1Ur uf,•; tt r t •r t?;•- ?!', tnt _: id
<br />"c.rtara :•y.�, yi.r
<br />L
<br />r:�tr. °_ 8r t:•!.: -r ......c ,r,_ ,_;' „1 .. J., =y ?... °-!,.t !.,t.,��, :'N -hc. tp! i� ?Y :i n'd
<br />;,t c_+,, =r t c,. a+ Hall County, Nebraska.
<br />All of Lots 7 and 8 and the South 10 feet of the East 52 feet
<br />of Lot 9 in Block 16, Original Town of Cairo, Hall County,
<br />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 replacements and
<br />additions thereto, is hereby declarAd to be a part of the
<br />real estate secured by the lien of this Mortgage and all of
<br />the foregaing being referred to herein as the "Property ".
<br />Mortgagor further convenants and agrees with Mortgagee,
<br />as follows:
<br />1. Payment. l o pay the i ndc btednes5 and the interest
<br />thereon as provided in this Mortgage and the Note.
<br />-. Mortgagor 1-. the owner '.:if the Property, has the
<br />right and authority to mortgage the Property, arid warrants
<br />that the lien created hereby i5 a first and prior lien on the
<br />Property.
<br />3. To pay when clue all taxes, skrt,c i aI 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 aatount 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: thereat,
<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, arid
<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.
<br />Mortgagee may. but shall have
<br />no obligation, to do
<br />any act
<br />which the Mortgagor has agreed
<br />but fails to dc, anti
<br />Mortgagee may also do any act it deems
<br />necessary to protect
<br />the lien
<br />hereof. Mortgagor agrees to
<br />repay, •_tptir. demand. «any
<br />sums so
<br />expefded by the Mortgagee for
<br />the above purposes. an:l
<br />any sues
<br />so expt-ndetl by the Mco tgagoe
<br />shall l;v 30c!e,-I t o t tie
<br />indebtedness
<br />secured tier eby and become
<br />�ub ec. t to the ! : er,
<br />her eof .
<br />Mor t gagee shd I ! not i +,t t,r ar, y
<br />per 1 i ab t 1 i t v
<br />bet stise
<br />ui anytht r•q ; t may +lc, ,rr .rmt t
<br />t,t d0 r, t" .•,u,dr r .
<br />t,;
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