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<br />MORTGAGE
<br />
<br />This MOrtgage is entered into between JAMES R. FORD and LOUISE M. FORD,
<br />a~~~~~o~~€r~~~~:~-~-~!~~~-~~~-~~-~~~~~:_----------------- (herein Mortgagor)
<br />and THE STATE BANK OF CAIRO, A NEBRASKA BANKING CORPORATION
<br />(herein Mortgagee).
<br />Mortgagor is indebted to Mortgagee in the principal sum of $ 241,000.00
<br />
<br />evidenced by Mortgagors' note dated
<br />
<br />Apri 1 1, 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 />April 1, 1993
<br />
<br />To secure the payment of the Note, with interest as provided therein, the
<br />
<br />payment of all other sums, with interest advanced by Mortgagee to protect the
<br />
<br />security of this Mortgage, and the performance of the covenants and agreements
<br />
<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 />
<br />The Northeast Quarter (NE~) of Section 25, Township 12 North,
<br />Range 12, West of the 6th P.M., Hall Co~nty, Nebraska, less
<br />and excepting therefrom that part of sald Northeast Quarter
<br />previously conveyed by warranty deed dated July 20, 1981,
<br />and recorded in the Office of the Register of Deeds of Hall
<br />County, as document number 81-004367
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<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. Payment. To pay the indebtedness and the interest thereon as provided in
<br />this Mortgage and the Note.
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<br />2. Mortgagor is the owner of the Property, has the right and authority to mortgage
<br />the, PrQperty. and warrants that the lien created hereby is a first and prior lien on
<br />t~ Property.
<br />
<br />... 3. To pay when due all taxes, special assessments and all other charges against
<br />to. the Property and. upon written demand by Mortgagee. to add to the payment I'equired
<br />under the Note secured hereby, such al!lOunt as may be sufficient to enable the HOI'tgagee
<br />to'P.,y such taxes. assessments or other charges as they become due,
<br />
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