|
85- 001357
<br />FMORTGAGE
<br />This Mortgage is entered into between Daniel
<br />WOitasz0WSki and Violet WOitasZewski (also known as Violet E.
<br />WOitasZftwski) husband and wife (herein mortgagor) and The
<br />State Bank of Cairo, A Nebraska Banking Corporation
<br />mortgagee). (herein
<br />Mortgagor is indebted to Mortgagee in the principal sum
<br />of $120,000-00, evidenced
<br />1985 (herein by Mortgagors' note dated March
<br />Note) providing for Payments of
<br />Principal and interest, with the balance of the indebtedness,
<br />if not sooner Paid, due and Payable on March 20
<br />_
<br />To secure the Payment of the Note, with interest as
<br />v 1986.
<br />Provided therein, the payment of all sums, other su with
<br />interest advanced by
<br />Mortgagee to protect the security of
<br />this Mortgage, and the Performance of the covenants and
<br />agreements of the Mortagagar contained herein.. Mortgagor
<br />does hereby mortgage and convey to Mortgagee the following
<br />property located in HALL and VALLEY County, Nebraska.
<br />The Northwest Quarter (NW 1/4) Of Section 28, Township
<br />11 North, Range 11, West of the 6th P.M., Hall County,
<br />Nebraska; The West Half of the Southwest Quarter (W 1/2 SW
<br />1/4) Of Section 34, Township 12 North, Range 12, West of the
<br />6th P.M., Hall County, Nebraska;
<br />And the Northeast Quarter (NE 1/4) and the East Half Of
<br />the Northwest Quarter (E 1/2 NW 1/4) Of Section 1, Township
<br />17 North, Range 13, West of the 6th p.m.,
<br />Nebraska. Valley County,
<br />Together with all buildings, improvements, fixtures,
<br />streets, alleys, passageways, easements, right,, privileges
<br />and
<br />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
<br />I. 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
<br />Property. and Prior lien on the
<br />7. To pay when due all taxes, special assessments and
<br />all other charges against the Proper-ty and, uP011 written
<br />demand tY Mortgagee, to add to the Payment reqttired Under the
<br />Note secured hareby, such amount
<br />,_ >nable the Mortgagee to pay vt-jf,,h as (nay be sufficient to
<br />charges as they become due. a"'Iesqments cir ether
<br />4- In the event the Property. or a1v Part thereof,
<br />shall be taken by eminent domain. the Mortgagee Is empowered
<br />tc) Collect and receive all Compensation which May be Paid for
<br />any Property taken or f Cir damages
<br />Mnr t op
<br />e qf?A11 to propertY net taken, and
<br />"I ther :VPIY such corvtpen,�jation, it Itz rapt iorl.
<br />to a reduction fzj+ thc,,, ndebtedneb% «"(:ured hvrebv or
<br />to rePatr- "1f'(:1 r'"-store the property
<br />j. tarry Mortgagee fnt4y. bUt . shall have no obLigation. to do
<br />act. whj(:h the- llortq a(4()r t'as
<br />0150 d(.•) ,zany kct -iricj
<br />the )t se necesqatv "n
<br />11 en h er fc) M(-1r-t,j,,A0jnr
<br />�-i C
<br />9 -) (-jxPf�ndf'?d I)v
<br />t)v the Mr*jr!,(j,,�,jp� I I
<br />)p �00-0 to P!)o
<br />4q:A W(" rl C)t
<br />
|