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-A <br />89UM90 <br />REAL ESTATE MORTGAGE <br />DAVID RAUERT and RUTH RAUERT, Husband and Wife, hereinafter <br />referred to as Mortgagors, do hereby grant a mortgage unto MAX J. <br />RAUERT, JR. and VIRGINIA RAUERT, Husband and Wife, hereinafter <br />called Mortgagees, on the following described real estate in <br />Hall County, Nebraska: <br />Lot 1, Ratzeirt Second Subdivision <br />in Hall 'Couhty, Nebrask6' <br />This mortgage is given to secure the payment of the principal sum. <br />of Thirty Five Thousand and No/100 ($35,000.00) Dollars, according <br />..-to the terms and tenor of a (certain promissory note of even•. date-:*:.:, <br />J. <br />javor of the Mortgagees. <br />,,.executed by the Mortgagors a <br />. <br />The Mortgaglar-s further covenant that thfl__y •hall keep <br />and maintain a policy,,ai_pzrcberty damage insurance on the building. <br />located on the described premises during the term''of this mortgage, <br />:­ad and No/100 <br />and in a sum of not less then Forty Five T. hous W <br />- <br />($45,000.00) Dollars, with tne Mortgagees as loss payee as <br />their interest may appear; and do further covenant to provide <br />Vlortgageeswith a certificate of insurance,.during the pendency of <br />this mortgage. <br />In the event the Pfartgagors defaAt in payment of said <br />indebtedness or any installment thereof, Mortgagees at their <br />election may-declare the entire debt secured by this mortgage <br />'due at oncc-',�,.i. <br />Mortgagors further, coven.a'n't to pay all taxes and assess- <br />ments levied'-upon the cone igrned,rtial estate before same become <br />delinquent. <br />I)ATRn: <br />A <br />d <br />UK RAUERT <br />RUTH RAUERT <br />• <br />