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<br />8I=-QE~0536
<br />MOP. T GAGE
<br />This Mo,"tgage is entered into between Darrell B. Caswell and Rhoda E.
<br />ra~ell. hldsband and wife
<br />(herein Mortgagor]
<br />and Y~ ~ ara ~ti of Cairo. a Nebrdska.8anki~ Corporation
<br />(herein Mortgagee).
<br />Mortgagor is indebted to Mortgagee in the principal sum of $6D,DD0.00
<br />evidenced by Mortgagors' note dated January ~?-.g, 1981 (herein Notej
<br />providing for payments of principal"and interest, with the balance of the
<br />indebtedness, if not sooner paid, due and payable on January .~,;~~ , 1982
<br />To secure the payment of the Note, with interest as provided therein, the
<br />payment of all other sums, with interest advanced by Mortgagee to protect the
<br />security of this Mortgage, 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 property located in Hall County, Nebraska.
<br />Lots 1, 2, 3, 12 and 13, Narb Subdivision
<br />in the Vi-page of Cairo, Hail County,
<br />Nebraska
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<br />Together with alt buildings, improvements, fixtures, streets, alleys, passageways, ,
<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 to be a Dart
<br />Of the real estate secured by the tier, of this Mortgage and all of the foregoing being
<br />referred to herein as the "Property".
<br />Mortgagor further convenants and agrees .4itr, Mortgagee, as follows:
<br />1. P__a~ment. To pay the indebtedness and the interest therPOn as provided in
<br />this Mortgage and the Note.
<br />Z. Mortgagor is the owner of the Property, has the right and authority to mortgage
<br />the Property, and warrants that the tier: created hereby is a first and prior lien on
<br />the Property.
<br />3. to pay when due ail taxes, spec:iai assess~sents and all other charges against
<br />the Property acrd, upon written detnarrd oy mortgagee, to add to the payment required
<br />under the Note secured hereby, such afr,ourt as may ve sufficirant to enable the "for:aacree
<br />to tray such taxes, assessments or atn€;r ~.narcr+=~, as tney 1aec:onFe due.
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