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<br />REAL ESTATE MORTGAGE
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<br />LEVI L. LOEFFELIIOLZ, single, and ORENA K. CROW, single, jointly and
<br />severally, herein called the Mortgagor whether one or more, in consideration of THIRTEEN
<br />THOUSAND AND NO/ 100 DOLLARS ($13,000.00) received from Mortgagee, does
<br />mortgage to ROLAND E. REYNOLDS and LUELLA M. REYNOLDS, husband and wife
<br />as joint tenants, herein called Mortgagee, whether one or more, whose address is 239
<br />Lakeside Drive, Grand Island, NE 68801 the following described real estate:
<br />Lot Two (2), Block Eighteen (18), Packer and Barr's Second
<br />Addition to the City of Grand Island, Hall County, Nebraska.
<br />And the Mortgagor does hereby covenant with the Mortgagee and with Mortgagees'
<br />successors and assigns that Mortgagor is lawfully seised of said premises, that they are free
<br />from encumbrance, except for a first trust deed, that Mortgagor has good right and lawful
<br />authority to convey the same, and that Mortgagor warrants and will defend the title to said
<br />premises against the lawful claims of all persons whomsoever.
<br />This Mortgage is given to secure the payment of the Promissory Note of even date
<br />herewith made by Mortgagor for $13,000.00 payable rLc� %S �1 , 2006.
<br />Mortgagor shall pay all taxes and assessments levied upon said real property and all
<br />other taxes levied on this mortgage or the note which this Mortgage is given to secure before
<br />the same become delinquent and shall maintain fire, windstorm and extended coverage
<br />insurance with a mortgage clause on the house on said premises in the sum of not less than
<br />$13,000.00. If Mortgagor fails to pay such taxes and assessments or procure such insurance,
<br />Mortgagee may pay such taxes and purchase such insurance and the amount so advanced
<br />with interest at sixteen (16 %) percent per annum shall be secured by this Mortgage.
<br />In case of default in the payment of the principal sum or any installment thereof or of
<br />any interest thereon when the same shall become due or in case of the non - payment of any
<br />taxes or assessments or of the failure to maintain insurance as herein provided, Mortgagee
<br />may at the option of Mortgagee, without notice, at any time during the continuance of such
<br />default or breach, declare the whole debt secured by this Mortgage to be immediately due and
<br />payable and may foreclose this Mortgage.
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<br />• A /
<br />LEVI L. LOEFFELIIOLZ, single, and ORENA K. CROW, single, jointly and
<br />severally, herein called the Mortgagor whether one or more, in consideration of THIRTEEN
<br />THOUSAND AND NO/ 100 DOLLARS ($13,000.00) received from Mortgagee, does
<br />mortgage to ROLAND E. REYNOLDS and LUELLA M. REYNOLDS, husband and wife
<br />as joint tenants, herein called Mortgagee, whether one or more, whose address is 239
<br />Lakeside Drive, Grand Island, NE 68801 the following described real estate:
<br />Lot Two (2), Block Eighteen (18), Packer and Barr's Second
<br />Addition to the City of Grand Island, Hall County, Nebraska.
<br />And the Mortgagor does hereby covenant with the Mortgagee and with Mortgagees'
<br />successors and assigns that Mortgagor is lawfully seised of said premises, that they are free
<br />from encumbrance, except for a first trust deed, that Mortgagor has good right and lawful
<br />authority to convey the same, and that Mortgagor warrants and will defend the title to said
<br />premises against the lawful claims of all persons whomsoever.
<br />This Mortgage is given to secure the payment of the Promissory Note of even date
<br />herewith made by Mortgagor for $13,000.00 payable rLc� %S �1 , 2006.
<br />Mortgagor shall pay all taxes and assessments levied upon said real property and all
<br />other taxes levied on this mortgage or the note which this Mortgage is given to secure before
<br />the same become delinquent and shall maintain fire, windstorm and extended coverage
<br />insurance with a mortgage clause on the house on said premises in the sum of not less than
<br />$13,000.00. If Mortgagor fails to pay such taxes and assessments or procure such insurance,
<br />Mortgagee may pay such taxes and purchase such insurance and the amount so advanced
<br />with interest at sixteen (16 %) percent per annum shall be secured by this Mortgage.
<br />In case of default in the payment of the principal sum or any installment thereof or of
<br />any interest thereon when the same shall become due or in case of the non - payment of any
<br />taxes or assessments or of the failure to maintain insurance as herein provided, Mortgagee
<br />may at the option of Mortgagee, without notice, at any time during the continuance of such
<br />default or breach, declare the whole debt secured by this Mortgage to be immediately due and
<br />payable and may foreclose this Mortgage.
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