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<br />83-005673
<br />
<br />MORTGAGE
<br />
<br />This Mortgage is entered into between John T. Davis and
<br />KareflE. Davis. husband and wi i'e (herei n mortg"'9or) and The
<br />S1:ateBank of Cairo, A Nebraska Banking Corporation (hel'"ein
<br />mortgagee) .
<br />
<br />r'li:>,'tqagor' is] ndebted to Mortgagee in the principal sum
<br />of 5232,000.00 evi1enced by Mortgagors' note dated October
<br />15. 1983 (herein Note) provldingfot. payments of principal
<br />and 1 nt "west. .~l th the bal "nee of the i nciebtedness. if not
<br />sooner p'Hd. due and payable on December 31. 1993.
<br />
<br />To secure the payment of the Note. with interest. as
<br />jJr~cvi ded 'thert:l n-of the payment of all other sums" wi th
<br />interest. .:i\dvance-d by t'1ot-tgage~ to pr-otect the secLlri ty of
<br />t.hi s t"'fortqiage, and the peF-fQ~-{ft<~f1ce o-f the covenants and
<br />dgrc""e-ments. of the Mar ~agagor" cant ai ned he-r-ei n.. Mortgagor
<br />does tH?r-ebv mor-taaqe clod convey to ~1ortgagee the following
<br />prC)Pt?f"t\ lucated In Bu+falo and Hall Count:ies, Neb....as.ka.
<br />
<br />
<br />The Northwest Quarter of Section Seven (7), Township Eleven
<br />(11) North, Range Forteen 04>, West of t:he 6th P.M., Buf-falo
<br />County, Nebraska;
<br />And
<br />The westerly 314 feet of the northerly 661 feet of the
<br />Northwest Quarter of the Northwest Quarter (NWI/4NW1/4) of
<br />section Twenty-two (22), Township eleven (11) North. Range
<br />Eleven (II>. w.st of the 6th P.M., Hall County. Nebraska.
<br />containing 4.765 acres, more or less.
<br />
<br />:-[:~qE!t.I.'H::'r ~,l(h --,,"I} :'!Ul,dl:i':~'.:..~ ~rrlprO'/f:-?'me-nts'f ~-l.',tLu~es..
<br />l.~,,:,~t ~-' ':",'HJ'::"";,."I~,-l:... ,,',':-\~A'Hlei-!~~;;,. r lqht.<.::;,. pr-.tvl.lr-2qes
<br />-.::~,nd dPPl.H.'ten~'nce,,;:; }(jcL'\ted theY"l?on {,Jf In dtlYW1Se pertaining
<br />the't'eto, <;inti t..tt€.,'" rents" tS~tH!~. dnd pr'-u-tlts__ f-ever-Slons a.nd
<br />t t~fniid.ndti"'.5- ther (,;'>Ot-~ .:.:\j..i. ::..}+ j,.-"t"l1C.t"). J.fI(_ludlfiQ t"t:?piaLt-meo'ts and
<br />.~Hj(.j~tj.t,:;n'5 Uif:;"t:~t.\:). -.,-~ h;:i"f-t.~t)~. "~ec,i.ctr~d :0 L.le "-.1 p,3rt 0+ t.he
<br />~jed p-~t~lte 5t:;,~..Jr~0 by iHt iten !.,_,;f 'f_t-d~ nortqdqe -t.:\nd 21.11 of
<br />the ~L-tr>e-'d:-':c)lfn.:f De'.I_f'-;i..j i ~,':"'t~fr,,~d L;:., i,t':'f <i::~i.t\ ;;;;'>.~;:,. t-~)e- "~'r""oDeF"'t"l"a
<br />
<br />Nor t.qaqo{ ~-t_if t ;ey
<br />cl'6 fol.tL1ws':
<br />
<br />Ufi-.!erlctl-,t..~- _0.;1'.:3 .c.-qt-et''6. ~"n. *.h t"'iortqaqee~
<br />
<br />F--8v;:rj0~'1 t. ~
<br />
<br />() p~.~" t 1'-, e.. J \ldL~bteur-It:'':6~ 2,'-i0 th-e
<br />q t.hl~ f1crt.~dqt: ~nu tl-~e Not~.
<br />
<br />1 nter-est
<br />
<br />t her-eorl
<br />
<br />,:~s Pf'O'.."JOt:;:'u
<br />
<br />t'1or- t q,"""o.:..t~H ~ ',~ t h-e ...H.,.fl1~.'i;' u+ 1~he r-'t' ufJet' t'y" hd$. the
<br />r~ight ,,1nd ~"!ulr'!Ot'l t'y tQ :H(jr rqdge Lhi:!' F'rocJp~r tv. .:.,<t:nt:j ~'"Jdrf"'ants
<br />thd-t t.he 11 en cr e3L~d hereby l5- it l' 1 (".S L <i-:tnd pt~'l ot'" 11 en on the
<br />F'r"oper tv..
<br />
<br />10 pay wtl~l~ due all tdxes. sueclai 3s~essnlents ar,d
<br />all uther charges ayalnsl the Proper'ty ar\u, upor~ wrltten
<br />cfe-mand by Mortgagee." to ,,;'1ud t the p,avlflt-::'nt .- equl (.t?tj urHje-f' t.rH?
<br />j'.J:ote S.~Cl.tfb'U ner~eb'y'( ':5t..lch dffiUUf,t d'S ;"'l-d,\! Ui2 -;::~,t-T'flCl~,"=,ftt ~o
<br />~n~ble the Mor-tgagee to pay 'Suetl ti:\~",es. i..'1'ibSe,:::>p;lU?nts ew' other
<br />c~hat.g~?5 as th~v become dUE"
<br />
<br />4.. ln the event the Fropst" ty, Or 3ft)': P~'H"t thi'fY e-of"
<br />shd-ll be take-r-) by emln~nt dCHfi-Sl,ln~ the 1'10,- tqdgee 1S {~mpowered
<br />to L011at.:L ~hd reCf;iJ..'..-'e 6.11 i.:omp€"f}s-ation v4hlCh m.ay tie pa.l.u -f(JF
<br />ani'" p-t"oper--ty 't.aken )r' for da.mi\ge-s too proper"t'l r,ut Lat;ef1. ~nu
<br />Mp("'tqag-e-et $ih~ll ~pply such cOfnpens~t.lo!l~ oit '1.lS C,ptl0f-"
<br />tt'l.th~' t_u il re-d-t.H:~tl(jn c,!f the .lndebtednias,s sec:tJ-r&-d h€'f'-eby Of~
<br />to. Flilpair .-I'iU-uJ r€$.t~:1t--'e lhe propt:ff'--ly so datH8ged..
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