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<br />MaRTCACE
<br />This Mortgage is entered into between DONALD A. RASMUSSEN and MABfL I. RASMUSSEN,
<br />Nusbahd-and wife, as joint tenants with right o surv~vorsh p
<br />~s as tenants in common {herein Mortgagor)
<br />air THE STATE~9ddC_QF CAdRO, A Nebraska Banking Corporation
<br />(he~irt Mortgagee).
<br />Mbrtgagor is indeb`.ed to Mortgagee in the principal suer of $ 40,000.00 ,
<br />evid~aced by Mortgagors' note dated November 20, 1981 (herein Note)
<br />providing -for payments of principal and interest, with the balance of the
<br />i!rr#htedness, if not sooner paid, due and payable on November 20, 1986
<br />To secure the payment of the Note> with interest as provided therein, the
<br />pay~ewt of all other scans, 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.
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<br />Southeast Quarter {SE 4) of Section Five (5), Township
<br />Eleven (il) North, Range Twelve (12), West of the 6th
<br />Principal Meridian, as surveyed, platted and recorded
<br />in Hall County, Nebraska.
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<br />Together with all buildings, improvements, fixtures, streets, alleys, passageways,
<br />gilts, 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 />whieh, inc}uding replacements and additions thereto, is hereby declared to be a part
<br />c-f . real estate secured by the lien of this Mortgage and all of the foregoing being
<br />referred to herein as the "property".
<br />hbNtgagor further convendnts and agrees with Mortgagee, as follows:
<br />1. P~.+nt. To pay. the indebtedness and the interest thereon as pravic-led in
<br />#s l±a~3 and the- Note.
<br />2: Mortgagor is the owner of the Rroperty, has the right and authority to mortgage
<br />ti'+E Rroperty, and warrants that the lien created hereby is a first and prior lien on
<br />the Pp~rty.
<br />3. To pay when due a]1 taxes, specie] assessments and at} other charges against
<br />t~I@ ~rty and, upon written d~nd by Mortgagee, to add to the payment required
<br />under t Nate secured 1-ereby, such amount as may be sufficient to enable the Mortgagee
<br />to psTr such taxes, assessments or other charges as they become due.
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