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8s 1035$6
<br />!' MTGAGE
<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 cowman and The State Bank
<br />of Cairo, A Nebraska Banking Corporation cieerein mortgagee?.
<br />,tor tga13 -�* , s � o- ^tor't.,a tT'�ir rIn.C1pal so"O
<br />of $30,000.00 June 30
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<br />1986 Ji per -i;, i.. i, ir: %C•r' } 'SC :. + (t i'FC1E!'.: ells
<br />,'It F_�Y "F�St•. W41 U, It nut
<br />pa.a. -3ue :•r, i June 31. 1993
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<br />_
<br />}•r i r,rr t: c.t + C•.; Hall County, Nebraska.
<br />All of Lots 7 arid 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 declared to be a part of the
<br />real estate sec_urt -d by the lien of this Mortgage and all of
<br />the foregoing being referred to herein as the "Property ".
<br />r,
<br />Mortgagor further 1_onvenants and agrees with Mortgagee,
<br />as follows:'
<br />I. Payment. To pay the lndebtedneti4 and the interest
<br />thereon as provided in this Mcwtgaye and the Note.
<br />{
<br />_ -. Mortgagor, is the owner c)+ the Property. has the
<br />right and author ity to mortgage the Property, arid warrants
<br />that the lien created hereby i5 a +irst and prior lien on the
<br />}k
<br />Property.
<br />3. To pay when clue al l takes, spec. iai assessmerits and
<br />all other charges against the Property arid, 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 />3. 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 ta6er1 or for damages to property not taken, and
<br />Mortgagee shall apply such compensation, at its option,
<br />either to a reN3uction of the indebtedness secured hereby or
<br />to repair and resttrt> the property so damaged_
<br />5. Mortgagee may, but shall have +ici obligation, to do
<br />any act which the Mortgagor has agreed but +ails to dc-. and
<br />Mortgagee may also do any act it deems tlecessary to protect
<br />the lien hereof. Mortgagor agrees to repay. �_tpun demand. Anv
<br />suits so exper ded by the Mortgagee for the above purposes, and
<br />any sums so expt -noted by the Mortgagee sha i l t;e :♦tided to t h*c
<br />indebtedness secured rter eb y and be((-)me ,ub j ec. t to i the.
<br />her ecif . Mort yagee Sha l t not i ,if trr ,arty per iv.Icf l l t ab i i it y
<br />brc all So of at) ythl t - tj S t ma'. ,J(. fir i'mI t +tI do h1-t "anti Nr _
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