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85-00099 6
<br />- MORTGAGE
<br />1 This.Mortgage is entered into between Karen K.
<br />Hadenfeldtl:.a single. person (herein mortgagor) and The State
<br />Bank of=Cairrr, A Nebraska Banking Corporation :.(herein
<br />mortgageeP.:.L
<br />Mortgagor is.,indebted to Mortgagee in the principal sum
<br />f V 3,000.40 evi- danced by Mortgagors' note dated February
<br />"— G, . 1985 (herein Note) providing for payments of
<br />principal, and .interest, with the balance of the indebtedness,
<br />if not sooner paid, due and payable on Or-tabor 15, 19856
<br />To - secure the payment of..the Note, with interest as
<br />provided therein, the payment of all other sumsi with
<br />interest advanced by Mortgagee to protect the security of
<br />this.Mortgage, and the performance of the covenants and
<br />agresments.of the Mortagagor contained herein$ Mortgagor
<br />does hereby mortgage and convey to Mortgagee the following
<br />property located in Hall County, Nebraska..
<br />A tract of land comprising a part of the Northwest
<br />Quarter (NW1 /4) of Section Thirty Six (36), Township Twelve
<br />(12) North, Range Twelve (12) West of the 6th :P.M., more
<br />particularly described as.follows: Beginning at the
<br />Northwest.corner of said Northwest Quarter Section 36, thence
<br />Southerly along. the Westerly line of said Northwest Quarter
<br />Section 36, a distance of 387 feet; thence Easterly and
<br />parallel to the Northerly line of said Northwest Quarter
<br />Section 36'&-distance of 148 feet; thence Northerly and
<br />parallel to the'.Nesterly line of said Northwest Quarter
<br />Section 36 a distance of 387 feet to a point of the Northerly
<br />line of said Northwest Quarter Section 36; thence Westerly
<br />along the Northerly line of said Northwest Quarter Section 36
<br />a distance of 148 feet to the place of beginning, Containing
<br />1.315 Acres more or less.
<br />And
<br />The Southeast Quarter (BE 1/4) of Section 23, Township
<br />12 North, Range 12, West of the 6th P.M:, 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 secured by the lien. of, this Mortgage and all of
<br />the foregoing being referred to herein as the "Property ".
<br />Mortgagor further convenants and agrees with Mortgagee.
<br />as f of l ows:
<br />1. Payment. To pay the indebtedness and the interest
<br />thereon as provided in this Mortgage and the Note.
<br />2. Mortgagor is the owner of the Property, has the
<br />right and authority to mortgage the Property, and warrants
<br />that the lien created hereby is a first and prior lien on the
<br />Property.
<br />3. To pay when due all taxes, special assessments and
<br />all other charges ainst;;thie Property and, upon written
<br />demand by Mortgagee, to add to the payment required under the
<br />Note secured hereby, such amount as ma o
<br />enable the Mortgagee to pay such taxes Ovaot o er
<br />charges as they become dl..re.
<br />4. In the event the Property. or any part, thereof,
<br />shall be taken by eminent domain, the Mortgagee fsa empowered
<br />to collect and receive all compensation which may Lie pairs for
<br />any property taken cIr for darrrages tr.+ property not taken. arrr:i
<br />Mortgagee A-ial l aglp l y such c -(: m en %at a r:xt, al. It's Option.
<br />either to a r-edr.AC,tiran of the incJr2br: "dries aCtu ei rieretiv ,y'
<br />to repair sari restrat o thev `:sr crp rt ,/ .c) da"Iataecl.
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