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201607323 REAL ESTATE MORTGAGE KNOW ALL MEN BY THESE PRESENTS: That William R. Carey and Kristine L. Carey, husband and wife, of Hall County, State of Nebraska, in consideration of the sum of TWENTY FIVE THOUSAND and NO/100 DOLLARS ($25, 000. 00) in hand paid, do hereby SELL and CONVEY unto Michael Hummel and Beverly Hummel, jointly and severely of 3735 280th Avenue, Dickens, Iowa 51333, to-wit: Lots 1 and 4 Hummel subdivision to the City of Grand Island, Hall County, Nebraska The intention being to convey hereby an absolute title in fee simple, including all the rights of homestead and dower. TO HAVE AND TO HOLD the premises above described, with all the appurtenances thereunto belonging, unto the said mortgagees and to their heirs and assigns forever, provided always, and these presents are upon the express condition that if the said mortgagors, their heirs, executors, administrators or assigns shall pay or cause to be paid to the said mortgagees, their heirs, executors, administrators or assigns, the principal sum of $25, 000. 00 payable as follows, to-wit: $5, 000 per year commencing on January 2, 2017 with The like amount due and payable on the same day of each year until paid in full with interest on the unpaid balance at 4% per annum with interest according to the tenor and effect of the mortgagor' s written promissory note bearing even date with these presents and shall pay all taxes and assessments levied upon said real estate, and all other taxes, levies and assessments levied upon this mortgage or the note which this mortgage is given to secure, before the same becomes delinquent, and keep the buildings on said premises insured for the sum of $100, 000. 00, loss, if any, payable to the said mortgagee, then these presents to be void, otherwise to be and remain in full force. IT IS FURTHER AGREED (1) That if the said mortgagor shall fail to pay such taxes or procure such insurance, the said mortgagee may pay such taxes and procure such insurance; and the sum so advanced, with interest at 4 percent, shall be repaid by said mortgagor, and this mortgage shall stand as security for the same. (2) That a failure to pay any of said money, either principal or interest, when the same becomes due, or a failure to comply with any of the foregoing agreements, shall cause the whole sum of money herein secured to become due and collectible at once at the option of the mortgagee.