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Page Two FIRST REAL ESTATE MORTGAGE RE: DAVID R. BROw"N AND JOAN M. BROWN 88- . 102686 The Note provides if interest is not paid when due, or if any other indebtedness of the Makers to the Mortgagee is not paid when due, or if a garnishment summons or a writ of attachment is issued against or served upon the Mortgagee for the attachment of any property of the Makers in the possession of the Mortgagee or any indebtedness owing to the Mortgagee, or if the holder of the Note shall at any time in good faith believe the prospect of due and punctual payment of the Note is impaired, then, in any such event, the holder of the Note may, at its option, declare the Note to be immediately due and payable and thereupon the Note shall be immediately due and payable, together with all unpaid interest accrued on the Note, without notice or demand. The Note further provides if the Note is not paid when due (whether at maturity or upon acceleration), the Mortgagee shall also have the right to set off the indebtedness evidenced by the Note against any indebtedness of the Mortgagee to the Makers. The Note further provides the Note shall become automatically due and payable (including unpaid interest) accrued on the Note without demand should a petition be filed by or against the Makers under the United States Bankruptcy Code. The Note provides that unless prohibited by law, the Makers agree to pay all costs of collection, including reasonable attorneys' fees and expenses, incurred by the holder of the Note in the event the Note is not duly paid and that the holder of the Note may at any time renew the note or extend its maturity date for any period and release any security for, or any party to, the Note, all without notice to or consent of and without releasing any accommodation maker, endorser or guarantor from liability on the Note. The Note provides presentment or other demand for payment, notice of dishonor and protest are waived by the Makers and each endorser and grantor. Mortgagors agree to pay all real estate taxes and assessments levied upon the real estate and all other taxes and assessments levied upon this Mortgage and the Note which this Mortgage is given to secure, all payments to be made before they become delinquent. If Mortgagors fail to pay the real estate taxes and assessments before delinquent, Mortgagee may pay the taxes and assessments or other liens and is given a lien secured with this Mortgage for the amount advanced, with interest at the interest rate provided in the Note. If Mortgagors default in payment of the indebtedness or any installment of principal or interest, or fail to perform any of the other agreements on his part in this Mortgage, Mortgagee, at Mortgagees election, may declare the entire debt secured by this Mortgage due and payable at once and foreclose this Mortgage for the satisfaction of the total amount due. Dated: May 23 ,19~. @"J;11i:a;;~ ) 9 C"a/yJ) 7n I ~3'2Ir1~ m , Joan M. Brown STATE OF NEBRASKA, COUNTY OF HALL The foregoing instrument of May , 19~by David ~c>~ I (Notary Public) was acknowledged before me this 23rd day R. Brown and Joan M. Brown, Mortgagors. My Commission Expires A;J.. / 5( //);,). ./ - 2 -