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<br />83-J} 0 567 4
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<br />MORTGAGE
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<br />TnisMortgaqe is ent.ered into between Harry~ayBCIyt::e81
<br />Jut ieKilri_Soyce,titlSbahd artdwHe<herei n mortga90r> ami
<br />Th.Stat:. Bankdf Cairo. A Nitbt"aska Banking' Cor"'porat:iQn
<br /><herein mortgagee) .
<br />
<br />Mortgagor is indebted to Mortgagee in the principal sum
<br />of $:51~OOO~OO, evident'edby Mort.gagors'note da"tedOc;1:obli!!t'"ccl~
<br />1983 (herein Not.e) providing for payment.s of principal and;
<br />int.erest, with the balance of the indebtedness, if not sooner
<br />paid, due and payable on October 1. 1984.
<br />To secure the payment of t.he Not.e, wit.h interest as
<br />provided therein, the payment of all other sums, with
<br />inten.st advanced by Mortgagee t.o prot.ect t.he securit.y of
<br />this Mortgage, and the performance of t.he covenant.~and
<br />agreefflents of the Mortagagor contained herein, Mort.gagor
<br />does hereby mortgage and convev to Mortgagee t.he following
<br />proper'ty located 111 Hall County, Nebraska.
<br />
<br />Lot One (1), in Block Three (3) in Ingalls-Turner
<br />Subdivision. in the Village of Cairo, Hall County. Nebraska.
<br />
<br />Together w:tth all btuldings, improvement.s, fixtures,
<br />st.reets, alleys, passageways. easements, rights, privileges
<br />ilnd appcu...t enances 1 Cleated thereon or 1 n anYWlse pertai ning
<br />thereto, and the rents, lssues Clnd profit.s, reversions and
<br />rcemalnders thereof, all of which, Including replacements and
<br />ddd! Uons ther"eto, IS her"eby declared to be a part. of the
<br />real estate secured by the Ilen uf th1S Mortgage and all of
<br />thu +ore-q-cnnq belnq (f-:-:,-ft~rred to het~li::?ln as the llPy-apet-tyH..
<br />
<br />I'10T'tqdqor iUr"ther' L~onvenants <.:tnd -i..'lgrees With Mortgagee,
<br />';'<\5; follows:
<br />
<br />1" P~',imf.!nt" l(:J pay the lndebtedne-ss and the interest
<br />thereon .as PF'O\!lOed in thIS Mor-tgaqe and ~.,!1e Note..
<br />
<br />r''1ortg~gor 15 t-t-1E' ,):wner of the Proper-ty:" has the
<br />t-ighl ~nd cluthQ('lty to tTtQ("tgt~ge the P,..-Qperty.. and warrants
<br />that the I.en ~r.at.d hereby IS . first. and prior lien on the
<br />Property.
<br />
<br />'-~. To pay' whe.~n due ~l! t.a:<.E'-s" specl al as.sessments and
<br />all othe.' charge,;; agdlnst the Pr"opercty and, upon written
<br />dema',d by ~1o. 19agee, to ".dd toth.. payment. "equi r..d under t.he
<br />Note secLlred hereby, sLleh amount c.S may De sufficlent t.o
<br />enable the Mortg..gee to pay such taxes, assessments or other
<br />chMcges as they become due.
<br />
<br />4. ln t.he eyent. the Prop.wty, or' any part thereof,
<br />shall be taken by eminent domain, the Mortgagee IS empowered
<br />to collect. atid recelve ail compt?ns=.ttiuo WhlCh in_Yo be pa:id for
<br />any propert.y taken or for damayes to property not taken, and
<br />Mortgagee shall appl y such compensatlon, at i t!'}cipl::.iciO.
<br />...ther to a red'-lctlun of the .ndebcedness secured hereby or
<br />to rC~iur and restore the property so damaged.
<br />
<br />5. Mortgagee may, but shall have no obligat10n, to do
<br />af1Y act WhlCh t.he Mort.gagor has agreed but fai Is to do, and
<br />Mort9ao~emay also do any act. 1t deems necessary to protect
<br />the. lien hereof. Mortgagor agrees to repay, upon demand, any
<br />$~~ 90 ~p~!d.d by the Mort.gagee for the above purposes, ~nd
<br />~Y~~$~O expended by the Mortgagee shall be added to the
<br />'ind~t;i\ll:fn.ss ~I,l"'.d hen:tby and blltcome subjlltct t.o thllt llEm
<br />.11$r-.litbf. l1ort9"0.. shall not H,cur any p6l'<"sonal liabililty
<br />l:l.e~of anything it may do or om.t to do hereundlilw.
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