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<br />MORTGAGE
<br />
<br />r- This Mortgage is entered into between. AUGUST H, PETERS and ELAINE A PETERS,
<br />husband and wife, each in his or her own r,ght and
<br />aSSDouse of the other--------------------------------------- (herein Mortgagor)
<br />
<br />and THE STATE BANK OF CAIRO, a Nebraska Banking Corporation
<br />
<br />(herein Mortgagee).
<br />
<br />Mortgagor is indebted to Mortgagee in the principal sum of $ 100,000.00
<br />
<br />evidenced by Mortgagors" note dated
<br />
<br />March 8, 1983
<br />
<br />(herein Note)
<br />
<br />providing for payments of principal and interest, with the balance of the
<br />
<br />indebtedness, if not sooner paid, due and payable on
<br />
<br />March 8, 1986
<br />
<br />To secure the payment of the Note, with interest as provided therein, the
<br />payment of all other sums, with interest advanced by Mortgagee to protect the
<br />security of this Mortgage, and the performance of the covenants and agreements
<br />of the Mortgagor contained herein, Mortgagor does hereby mortgage and convey to
<br />
<br />Mortgagee the following property located in
<br />
<br />Hall
<br />
<br />County, Nebraska.
<br />
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<br />
<br />The Southwest Quarter (SW~) of Section 27, Township 11 North,
<br />Range 11, West of the 6th P.M., Hall County, Nebraska; and
<br />
<br />The East Half of the Northwest Quarter (E~NW~) of Section 34,
<br />Township 11 North, Range 11, West of the 6th P.M., Hall County, Nebraska.
<br />
<br />L
<br />
<br />Together with all buildings. improvements. fixtures, streets, alleys, passageways,~~~
<br />easements. rights. privileges and appurtenances located thereon or in anywise pertaining "-
<br />thereto. and the rents. issues and profits. reversions and remainders thereof, all of
<br />which. including replacements and additions thereto. is hereby declared to be a part
<br />of the real estate secured by the lien of this Mortgage and all of the foregoing being
<br />referred to herein as the "Property".
<br />
<br />Mortgagor further convenants and agrees with Mortgagee, as follows:
<br />
<br />1. Pa~nt. To pay the indebtedness and the interest thereon as provided in
<br />this Mortgage and the Note.
<br />
<br />Z. Mortgagor is the owner of the Property, has the right and authority to mortgage
<br />the Property. and warrants that the lien created hereby is a first. rior lien,on,
<br />the.__..-.Pro.mt _ l'tY.'. P v' bO'llever !t i~ ~ydeptood and a reed that s tgaqe lS,JU01otr
<br />;oacettati\!J)2:. ''len t? T2~'~aY5e ",fe AI~lf rtgage gwen 0
<br />arme~ H'lTPi1"llll ~'Wh t~lles. spec~ala~~ses '__'_. charges against
<br />the Promtrtyand. upon written demand by Mortgage6.;to-add to the payment requi red
<br />under theNQte secured hereby, such amount as may be sufficient to enable the Mortgagee
<br />to pay such taxes, assessments or other charges as they become due,
<br />
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