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MORTGAGE
<br />This Mortgage is entered into between h1ICHAEL A.>PANOWICZ and PATRICIA M.
<br />PANOWICZ, husband and wife, as tenants in common (herein Mori:uagor;
<br />and THE STATE BANK OE CAIRO, A NEBRASKA BANKING CORPORATION,
<br />(herein Mortgagee).
<br />Mortgagor is indebted to Mortgagee ir. the principal Burr, of $ 128,000.00
<br />evidenced by Mortgagors' note dated July "c8, 1982 ___(herein Nate)
<br />providing for payments of principal and interest, with the balance of the
<br />indebtedness, if r:ct sooner paid, due and uayable cn Duly 28, 1983
<br />To secure the payment of the Note, with interest as provided therein, the
<br />payment of a?1 other sums, ~•rith interest advanced by Mortgagee to protect the
<br />security of this ^tortgage, and the performance of the covenants and agreements
<br />of the Mortgagor contained herein, Mortgagor does hereby mortgage and convey to
<br />Mortgagee the following prpperty located in Hall County, Nebraska.
<br />The Southeast Quarter (SE<) of Section Twenty-two (22),
<br />Township Twelve (i2; North, Range Eleven (11), ',Jest of the
<br />6th P.M., Hall County, Nebraska
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<br />Together with ail buildings, improvements, fixtures, streets, alleys, passageway,, ~_
<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 tc be a parr_
<br />of the realestat2 secured by the lien rf this Mortgage and all of the foregoing t~eing
<br />referred to herein as the "Property".
<br />Mortgagor r"anther convenants and agrees with Mortgagee, as follows:
<br />3. P~~ent. To pay the indebtedness and the interest thereon as provided in
<br />this Mortgage and the Note.
<br />2. Mortgagor is the owner of the Property, has thz r: ;ht snd a ~hurity to r~,~or.aag~
<br />the Property, and ~~:arrants that the lien created heresy is a fir-st a;:d prior 1 ien -.~;~
<br />the Property.
<br />3, TO pay r'~i2:'l due di1 taX°5, special ds525Sme^tS dn~ a~i ~r:"lta rl'3t'g~S 3c~,-~,',[,~~
<br />the Property :nd, _por written desi~iand by Mortgagee, to a~~v tc~ ~n@ payrren! r~._y~,lred
<br />under the KOte seGUred here D~F, ~U~Fi ampUnt a5 moy be u~I 1Cle^ttU 8(ubi? %he M9 i'+g .Q
<br />to pay such taxes, ?ssess-rents o~ ntner charge: as they t~ecame sue.- -
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