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<br />83;';"'- n{j 6589
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<br />MORTGAGE
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<br />Mortgagor is indebted to Mortgagee in the principal sum
<br />of $25,.000.00, evidenced by Mortgagors' note dated. Deee.lIlber
<br />12, 1983 (hereHl Note) providlngfor payments of princLpal
<br />and lnterest, with the balance of the indebtedness, if not
<br />sooner paid, due and payable on December 12, 1985.
<br />To secure the payment of the Note, with interest.as
<br />provlded the.-eln, the payment of all other sums, with
<br />ir,terest adva.nced by I'lor-tgagee to protect the securi ty of
<br />thi 50 t-lortgage~ and the- per--far-mance of the- covenants, and
<br />agreements of the 1'10rtagagor contained her-ein, Mortgagor: does
<br />rrereby mOF't.qa.ge ..~nd convev to i1or-tg-dge-e the- foIl tn'lli ng
<br />property located in Hall County~ Nebraska.
<br />
<br />The Southeast Quarter (SEl/4) of Section Eight (8) in
<br />Township Eleven (11) North, Range Eleven (II) West of the 6th
<br />P.".
<br />
<br />Together with clll buildingsq lmprovements~ fixtures,
<br />streets... alleys\ pBss~gewa-:is.. easements, rights, pr-ivileges
<br />dnd appur"'tE.'nance~, 1 uc.ated thereon ()r 1 n anywi se pertaini ng
<br />thereto, and thp r-ents~ issues and profits, ,-ever'sions and
<br />rf:,l,mai-nder-:~ ther-e-of, dll I:.l-f which. lf1cJuding r.t~p.iacements and
<br />addit.i{:Jfts th&'r-ptt')~ J S hf::'f'eby dec l.i:H'pd to be 61 p;;-:;trt of the
<br />("f?al .:'-~stdte 5l:;':;'-~:'_Hf.::'d f.lV' trlE' Lii.?n i,,~j+ t:.h:U5- r1ortqa~~e and all of
<br />the -foregoing bttlnq rideFTed if) het"ein as the HPr-oper-tyll.
<br />
<br />f'1-0t t. yciqOl'" f'.H" ttler con ',;enant. 5- and agr ees \-'\Ii th Mortgagee_~
<br />as follows:
<br />
<br />.. ~ Payment.. r D p...,'y Lh-e lfloebtedness and the 1 nterest
<br />thereon as pj'C1YJ_ded 1,-) t1-11:2- t'1ortt]a.ge clr"'10 the Note..
<br />
<br />f1or'tqaqor .1 S the ownfE'r of the Prc.ipf?:f'"ty, has the-
<br />F'lght and aut.hority' tCJ mor-tgage the F'ropE'rty~ ..and warrants
<br />thdt the lien cr'e3ted hereby is a fir'st and prior lien on the
<br />Property; Provided however thi~ lien is subject to and junior
<br />to a certain mortgage to Equitable Life Assurance Society
<br />dated June 13. 1978 in the Original amount of $110,000.00 and
<br />a certain lIlOrt.gage to Farmers Home Administration dated May
<br />28, 1981 HI the original aMOunt of $40,100.00.
<br />
<br />'_'. 1'0 pay ,~h"n due all taxes, speclal assessments "nct
<br />all other charges ..g<l.Hl5t the Proper.ty and, upon written
<br />d_and by Mortgagee, to add to the payment r"quired under- th"
<br />Note secured hereby, such amount as may be sufficient to
<br />e-n.t:\bla- -the Mortgagee to pay s-L~cf1 taxe-s~ assessments or eIther
<br />charges as they become due.
<br />
<br />4. In the event the Property, or any p."-tt.h,,neof,
<br />Shall be taken by eminent dorr,ain, the i'IOrtgag.",e is l!Ml\flQWe.-.!'d
<br />to- collect ahd r-eC€!.1ve all ccuupensaticln t..."hfi:h- -may be p~id for'"
<br />any property taken or l' or- damages to proper.ty not taken, and
<br />MQrtg",glH! shall appl y such compensat 1on, "t 1 ts CJptlCm,
<br />",I1,I-1..r to a r'eductlDn of th", H\debtedn",ss secL\r",d hereby OF
<br />to rep.alr aJ"id I'"',",,,,ton. the property so damaged.
<br />
<br />5. Mt.lrtgaqefO may, but '$h..11 hewe no 001iga1.10n, t.o do
<br />,any act WhH;h~ thflt Mortgagor- ha!5 agr.~'ed but fal'" to do, cuoct
<br />MOrtO~Q_ may ..lao do <finy dcL 1L deems ;-.."cessary to p..-",teet
<br />th",.t Ui;!:tl hereof. Mort<J"'9o,- ,~gr_s to r''''pay, up,>f1 demand. 'M'','
<br />lOtI"!$. $otl>Mp.tnded by th1!f l'1u'.tgli\ge", fat' the atl(Jve pClfpoSies, c~nd
<br />"Wi "UI"~ Siollly,pliffided by th... M<:wtgaqe@ shall be ,-""ded to the
<br />'ind~.tedn*!j'$ S~~'.lAr~d her~by ~~nd btl::t',otQ~ ~ubje{~t to the 1 ihHl
<br />h~~lt~" MOr-'tgA,Q't'!ft' $hi;..~ll i'H..1t int:Ltr ;'JiJ)',." pf:alr~~(',}l'hll ! loiatn, IiI t- ~
<br />tl.C~.;i.H.!~':~ Of il,\fi.yt,hiJ~9 :1 t inay dO: t.-'tf o~ni t to do h~'H'-pun~:jt"!r.
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