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<br />MORTGAGE
<br />This Mortgage is entered into between HENRY R. RHODA and-
<br />- LORETTA M. RHODA, husband and wife as joint tenants (herein Mortgagor]
<br />ar?d THE.. STATE BANK Of CA1R0; A Nebraska Banking Coraoration,
<br />(herein Mortgagee}.
<br />Mortgagor is indebted to Mortgagee in the principal sum of S 25,000•00
<br />evidenced by Mortgagors` note dated October 303 1982 (herein Note)
<br />providing for payments of principal and interest, with the balance of the
<br />indebtedness, if nat. sooner paid, due and payable an October 30, 1989
<br />To secure the payment of the Nate, with interest as provided therein, the-
<br />payment, of a1T other sums, with interest advanced by Mortgagee to protect the
<br />security df this Mortgage, and the performance of the covenants and.. agreements
<br />of the Mortgagor contained herein, Mortgagor does hereby mortgage and Canvey to
<br />Mortgagee the following property located in HALL County, Nebraska.
<br />All of Lots 7 and 8 and the South 10 feet of the East
<br />52 feet of Lot 9, in Block I6, Original Town of Cairo,.
<br />Hall County, Nebraska.
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<br />thereto,, apd the rents, issues and profits, reversions and remainders thereof, all of
<br />which, including replacements and addit-ions thereto., is hereby declared to be a part
<br />of the real estate secured by the lien of this Mortgage and all of the foregoing being
<br />referred to herein as the "Property".
<br />'Mortgagor further convenants and agrees with Mortgagee., as follows:
<br />1. P xrt. To pay the indebtedness and the interest thereon as provided in
<br />this Mortgage acid-the Note.
<br />2, Mortgagor is the ow~rer of the Property, has the right and authority to rs:ortgage
<br />the-Property, and-warrants that the lien created hereby is a first and i'~riorr lien on
<br />the Prq~ertyt.,
<br />~„~ 3. to pay-when? due a]1 taxes, special :assessments and ail ~o,ther. ef,>'gt~'8,gairrst
<br />.the Prppert~ and, upon-written demand by t~rtgacOee; to add to tha--p~ya?e~cib+red -
<br />rlnder the Mite Secured: hereby, such amount as may be sufficient to enable ±?~e wor~aau~~
<br />to-pay suCh,taxeS, asscssrr~nts or other charges as they bectxr~ due.
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