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r �� U V V V � MORTGAGE � This Mortgage is made this � day of � 1999, between VAN WIE - CRONK REAL ESTATE PAR.TNERSHIP, ("Mortgagor") and A. E. VAN WIE and CONNIE VAN WIE husband and wife, as joint tenants, ("Mortgagee") . In consideration of One Hundred Eighty Thousand Dollars ($180, 000 . 00) advanced by Mortgagee to Mortgagor, who both acknowledge receipt of such sum, which is evidenced by a promissory note of even date (�'the Note") which this Mortgage secures, the Mortgagor hereby mortgages to the Mortgagee the following described real property situated in the County of Hall, State of Nebraska, and described as follows : Office Unit C-1 in the Grand Island Doctors Building Condominium Property Regime, Lot One (1) , St . Francis Medical Subdivision, Grand Island, Hall County, Nebraska. Together with all rents, easements, appurtenances, hereditaments, improvements and buildings of any kind situated thereon. Mortgagor covenants with Mortgagee and their successors in interest that (i) Mortgagor holds title to the property in fee simple and has lawful authority to mortgage the same, (ii) the property is free of liens and encumbrances except for a mortgage to the Production Credit Association, and (iii) Mortgagor will defend the property against the lawful claims of any person or entity. 1 . PAYMENTS . Mortgagor shall promptly make all payments required under the Note. 2 . TAXES . Mortgagor shall pay all real estate taxes and special assessments of ever kind, now or hereafter levied and assessed against the property or any part thereof, before same become delinquent, without notice or demand and shall provide Mortgagee with evidence of the payment of same. 3 . INSLTRANCF AND REPAIRS . Mortgagor shall maintain fire and extended coverage insurance insuring the improvements and buildings constituting part of the property for an amount equal to the actual cash value of such improvements, exclusive of foundations, but in no event for an amount less than the amount of the unpaid principal balance of the Note. Such insurance policies shall contain a standard mortgage clause in favor of Mortgagee and shall not be cancelable, terminable or modifiable without ten (10) days written notice to Mortgagee. Mortgagor shall promptly repair, maintain and replace the property or any part thereof so that, except for ordinary wear and tear, the property shall not deteriorate . In no event shall the Mortgagor commit waste on or to the property. 4 . OPTTONAL ADV N('F.fi , If the insurance required above is not promptly effected, or if the taxes or special assessments levied and assessed against the property shall become delinquent, Mortgagee (whether electing to declare the whole mortgage due and collectible or not) , may, but need not, effect such insurance, 1