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MORTGAGE..:'.. This Mortgage is entered into between RANDALL E. DUBBS'and PAMELA J. DUBBS, husband and wife (herein Mortgagor) and -THE STATE BANK OF CAIRO, A i~EBRASKA BANKING CORPORATION {herein Mortgagee). Mortgagor is indebted to Mortgagee in *. he principal sum'of°$ 21,000.00 evidenced by Mortgagors' note dated May dpi 1982 _(hereir Note` providing for payments of principal and interest, with the balance of the indebtedness, if not sooner paid, due and payable on fday~~ 1987 To secure the payment of the Note, with interest as provided therein, the payment of all other sums, with interest advanced'by Fortgagee to protect the security of this Mortgaoe, and the performance of`the covenants and agreements of the Mortgagor contained herein, Mortgagor does hereby mortgage and convey to Mortgagee the following property located in Half. County, Nebraska. Lot One {1) Dubbs Subdivision, Hall County ,;..Nebraska ~, W ~ ~ 7 j ~`-.~ ~ T; N ~~~~ _ ' ~ A ~ `' ~ ~ { - ^ 1 ~ (\~ CJ, " , (Jl r~\ (~~ ~1 l . AA Together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights privileges and a t , ppur enances located thereon or in anywise pdrtaining thereto, and the rents, issues and profits re i , vers ons and remainders thereof, all of which, including replacements and additions thereto, is hereby declar-ed to be a p , art of the realestate secured by the lien of this Mortgage are all o= tFe foregoingbei3g referred to herein as the "Pr " operty . Mortgagor further convenants and agrees arith Mortgagee, as faTlaws; 1. Pa nrent. To pay the indebtedness and the interest thereon as provided in: this Mortgage and the Note. 2. Mortgagor is the owner of the Property, has the right and authority to mortgage the Property, and warrants that the li en created hereby is a first and priow-lien on< the Property, L 3. To pay when due al3 taxes, spacial assessments and all other charges against the Property and o u i w , p n r tten demand by Mortgagee, 20 add to the payner.t ~~:quired under the Note sec~,ruR hereby such am r* , ou _ as may be sufficient to ena.~~le the Mortgagee to pay such tcxes,'assessments dr other charges as they become due.