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<br />� monraAoe
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<br />This Mortgage is enter-ed into between Lyle L
<br />also known as Lyzewarders, and Frances warmers, husband and
<br />wife, each in his or her own right and as spouse of the
<br />other, (herein mortgagor) and The State Bank of Cairo, w
<br />Nebraska Banking Corporation k»erein mortnaoee)'
<br />Mortgagor is indebted to mortganee �n the principal sum'
<br />of $75,000-00 , evidenced by mortgagors note dated June
<br />�- 1986 (herein Note) providing for payments of principal and
<br />�^
<br />interest, with the balance of the indebtedness, if not sooner
<br />paid, due and payable on June 2001 .
<br />' To secure the payment of the mote, with interes� as
<br />provided therein, the payment of all other sums, with
<br />interest advanced by Mortgagee to protect the security o+
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<br />this Mortgage, and the performance o+ the covenants and
<br />agreements of the mortaqagor contained herein, Mortgagor
<br />� does hereby inortuaoe and convey to mortgagee the following
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<br />property located in *azz County, Nebraska.
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<br />The Southwest Quarter of Section 3, Township 1* North, Range
<br />uo° west of the 6th P.M., and the Easterly zm acres o+ the
<br />Northwest Quarter, also known as the Easterly 3/* of the
<br />| Easterly 1/2 of the Easterly 1/2 of said Northwest Quarter of
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<br />Section 10, Township 10 North, Range 12, west of the 6th
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<br />Together with all uuizuinus, improvements, +ixtures,
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<br />streets, azzevs, passageways, easements, rights, privileges
<br />and appurtenances located thereon or in anywise pertainitng
<br />thereto, and the rents, issues au Profits, revers�ons
<br />n anu
<br />| remainders thereof, all n+ which, including r-eplacements and
<br />additions thereto, is hereby declared to be a part of the
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<br />real estate secured by the lien o+ this mortgage and all o+
<br />� the foregoing being referred to herein as the ''property'".
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<br />Mortgagor +urther con^enants and agrees with Mortgagee,
<br />. as +ozzows:
<br />I. payment. To pay the indebtedness and Loe interest
<br />thereon as provided in this mortgage and the Note.
<br />z' Mortgagor is the owner of the has, the
<br />r���� anu au��or��v �o mor��aoe ��e proper�v, anu warran�s
<br />that the lien created xerebv is a +irsL and prior lien on Lhe
<br />Proper tv.
<br />To pay when due all special assessments and
<br />azz other charges against the property and, upon written
<br />demand by mortgagee, to add to the pavment required under the
<br />Note secured hereby, such amounj: as ma,/ be sufficient to
<br />enable the Mortgagee to pa, such taxes, assps5me�nts or other-
<br />charges as they become d"e'
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<br />4' In the event-'- the prope,tv, or any part thereu+,
<br />shall be taken by eminent domain, the Mortgagee �s empowereu
<br />to cozzect and recei,e z comvensation which may ue +ur
<br />anv property
<br />ta^en or +or uamayes Lo proper,/ not take", anu
<br />Mortgagee shall apply such compensation, at `�s option`
<br />either to a reduction of the Indebtedness or
<br />to repair and restore the propertv so uamaoeu'
<br />5. mo, tuaoee mar, bUt-
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<br />no ob/ o,, /o do
<br />) any act which the M",tq"oo,
<br />^as aqreeu
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<br />to us. and
<br />L Mork-oaoep ma, also u. an� act
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<br />en hereo+. nc r tganzr
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<br />an� sums so
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<br />.n�eu,eoness s��,rpu her AI ,
<br />a"u ul�c^*�:
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