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20030540'7 <br />PURCHASE MONEY REAL ESTATE MORTGAGE <br />Russell L. Hoetfelker, MORTGAGOR, in consideration of ONE <br />HUNDRED SEVENTEEN THOUSAND FIVE HUNDRED DOLLARS ($117,500.00), <br />mortgages to Wayne Marsh and Opal I. Marsh, husband and wife as <br />joint tenants and not as tenants in common, MORTGAGEES, the <br />following described real estate as defined in Section 76 -201 of the <br />Revised Statutes of Nebraska, 1996, situated in Hall County, <br />Nebraska: <br />The Westerly One -half of the Southerly One -half (W 1/2 S <br />1/2) of Lot Three (3), and the Southerly One -half (S 1/2) <br />of Lot Four (4), all in Block Fifty -five (55) in the <br />original Town, now City, of Grand Island, Hall County, <br />Nebraska, more particularly described as: Commencing at <br />the intersection of the Northerly line of the alley in <br />such Block Fifty -five (55) with the Easterly line of <br />Locust Street in such city; thence proceeding Easterly <br />along the Northerly line of such alley a distance of <br />Ninety -nine feet (99 feet); thence proceeding Northerly <br />at right angles and parallel to such Locust Street a <br />distance of Sixty -six feet (66 feet); thence proceeding <br />Westerly and parallel to the Northerly line of the alley <br />in such Block Fifty -five (55) a distance of Ninety -nine <br />feet (99 feet) to the Easterly line of such Locust <br />Street, being the Westerly line of such Block Fifty -'five <br />(55); thence proceeding Southerly parallel with such <br />Easterly line of Locust Street to the point of beginning. <br />This Purchase Money Real Estate Mortgage is given to secure <br />the payment of the principal sum of ONE HUNDRED SEVENTEEN THOUSAND <br />FIVE HUNDRED DOLLARS ($117,500.00) and interest at SIX PERCENT (6) <br />per annum from May 1, 2003, payable in monthly installments <br />according to the terms of the Purchase Money Promissory Note dated <br />May 1, 2003, executed and delivered by MORTGAGOR to MORTGAGEES, the <br />principal and interest being payable in monthly installments of <br />NINE HUNDRED NINETY ONE AND 53/100 DOLLARS ($991.53) commencing on <br />June 1, 2003, and on the first day of each month thereafter for ONE <br />HUNDRED SEVENTY -NINE (179) consecutive months, the monthly payment <br />1 <br />t <br />r <br />4 <br />