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<br />86- 107202
<br />MURTGA GE
<br />This Mortgage is entered into between Carol M. Mieth, a
<br />single wosan, individually and as Trustee of the Stuart W.
<br />Mieth Trust (herein mortgagor) and The State Bank of Cairo,
<br />A Nebraska Banking Corporation (herein mortgagee).
<br />SRI
<br />Mortgagor is indebted to Mortgagee in the principa.). sum
<br />of $70,0,00.00 , evidenced 6y Mortgagor�ii' note dated Decemberj;k
<br />1986 (herein Nate) providing for payments of principal and
<br />interest, with the balance Of th
<br />paid, due and payable on December 1991
<br />To secure the payment. of the Note, with interest as
<br />provided therein, tf-je Paymen o+ all other sums, with
<br />interest a.dvariced by Mortgagee to protect the security of
<br />this Mortgage. and the performance of the covenants and
<br />agree,Tients of tte MortagagOr contained herein, mortgagor
<br />does hereby mortgage and convey to Mortgagee the +ol1OWiF-,g
<br />property located in Hall County, Nebraska.
<br />The East Half of the Northwest Quarter (EI/2NWI/4) of Section
<br />27; and
<br />The Northeast Quarter (NE1/4) of Section 33; and
<br />The West Half of the Northwest Quarter (WI/2NWI/4) of Section
<br />all in Township 12 North, Range 12, West of the 6th P.M. Hall
<br />County, Nebraska
<br />Together with azz uuildinqs, 11-11pro,ements, +ixtures.
<br />streets, alleys, passageways, easements_ PI—Lieges
<br />and appurtenances located thereon or in an/wise pertain?,no �e
<br />thereto, and the rerts, issues and prof,-ts, reversions anu
<br />remainders thereof, all of which, including replacements and
<br />auditions thereto, is hereby declared to ue a part of the
<br />real estate secured by the /1-en of this nortgage and all o+
<br />+-^e +oreuoinq uei.ng re+erred to herei" as the "Property", �
<br />mortganor �urther convenam�s and awrees w to �or�gauee,
<br />as +011ows.
<br />1. Payment. To pay the indebtedness anu the interest
<br />thereon as pro"'ueu In this Mortgage and t^p mote.
<br />c' Mortgagor is txe owner o+ 'he property, has --he
<br />rioot and authority �o mortgage the Proper-", and warrants
<br />that the lien crea"eu hereby is a +irst anu" pr�or 14en on t.^e �
<br />propert/' ^
<br />-
<br />'3. To pay when due az/ tax a
<br />es. spec�1 sssessments and �
<br />all other charges against the prDpe,t, and, upon written
<br />qu�r e the demang by Mortgagee, to add to the PaYme"t e r
<br />such amoun� at secured hereby, s mav ue <
<br />su*+icjent to ~
<br />enable the Mortgagee to Pay svc» taxes, assessments or other-
<br />charges as they become due-
<br />4. in the event the Property, a
<br />shall be taxe" by em.1nent domain, the eu
<br />to collect amu re�e�ve a�� compensa�� for
<br />any property �taken or for uananes to p�y��rt,`�w���a��n,_»and _~
<br />Mortgagee shall anPzv such compensation, at its option,
<br />either to a reduction o+ th� indebtedness secured herel:)v or-
<br />to repair and restore the propertV so damaqeu-
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