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~'b? 88-1 SECOND REAL ESTATE MORTGAGE r KNOW t\LL MEN BY THESE PRESENTS: THAT I Of WE. Deborah DeFreece, and Lois Salyards, As Tenants in Common of Hall Count)' !lnd Stale of Nehrll~ka, in cnrniderlltlun Ilf IIIl' sum of $$6,375.96 DOLLARS in hand paid. do hereby SELL and CONVEY untn AMERICAN FAMILY FINANCIAL SERVICES, INC., (mortgagee), of Douglas County, and Slate of Nehmska. the [ollowing described premises situated in Hall County. and State of Nebraska. lo-wit: Lot 8, Block 7, G~orge Loan's Subdivision to the City of Grand Island, Hall County J Nebraska This mortgage is junior to: None - this is a first mortgage This (is) (is not) Homeslcad Property. The intention being to convey hereby an absolute tHle in fee simple including all the rights of homestead and dower. TO HA VE AND TO HOLD the premises above described, wilh all the appurlenances thereunto belonging unto the said mortgagee or mortgag~ and 10 his. her or their heirs and assigns, forever. provided always, and these presents are upon the express condition that if the said mortgagor or mortgagon.. his. her or their heirs, executors, administrators or ussigns shall payor cause to be paid to the said mortgagee or mortgagees and to his, her Dr their heirs, executors, administrators or ussigns. the sum of f6:1: 3 7 5.96 ****Six thousand Dollars. Jy~6Fe~?~~f.~g.w~t~venty five dollars and 96/100******* * *********************** $177.11 each installment for thirty six (36) months**********************-k****** with interest therron at 11. 9c;per ceont per annum according to the lenor and effecl Ilf the one promissory nole with Interest coupons attached of said Mortgagors. Iwaring even date with these presents. and shall pay all taxes, and any Interest on, or maturing Installments of principal. due nn an)' priN mnrtgu~e and I1SSl."Ssments levied upon said H'al estate and all other taxes, le\.ies and assessments levied upon this morlgage or the note which this mort~le is given to sel'ure, before the Sllme becomes delinquent and keep the buildings of said premises insured for the sum S 6400.00 ** ****~ loss, If any, payable 10 such fiTst mortgagees or this mortgagee. or both. then these presents be void. otherwise to bc.. and remain in full forL'e. 1T IS FURTHER AGREED (I) That irthe said mortgagor shall fnillO pay such tnxes and such interest on, or maturing installmenlS of principal. due on any prior mortgage and procure such insurance, then this mortgagee may pay such taxes and such interest on. or maturity in~tallmenls of principal. due on such prior murtgage and procure such imurance; and the sum so advanced with interest at 11.99 per. cent shall be paid by said mortgagnr, and this mortgaJ;t." shall stand as !t('curily fllr till' same. (2) That Il failure to pay uny of said monc)., either principal or Interest on this or any other prior mortgage, when the same becomes due or a failure to comply with nny of the foregoing agreements, shall cuuse the whole sum of money herein secured to llCl"Oml" due and collectible at once at the option of the mortgagee. IT IS FURTHER AGREED That said mortgagee, pending foreclosure u( Ihis mortgage and after decree and pending stay thereon or appeal therefrom and pending sale of premise!. mortgaged. may pay such tnxes llnd maturing Interest or mllturing installments of principal. on prior mortgages. procure such insurnnl'(' and such sums shall be added to the amount due on decree and upon confinnation of sale by the court ord~red taken out of pr()(.'('eds of sale; ur if redeemlod during slay, appeal or sale, such amounts shall be colleded the same as though it were a part of suC'h decree. IT IS FURTHER AGREED That in the evenl of default or any orthecovenunts or conditions of this instrument the rents orlhe premises an: hereby llSsigned 10 the Mortgagee as security for the paymcnt of the indebtedness !'.ecured by this ngreement. IT 15 FURTHER AGREED That this Mortgllgl:' ~utl:' shall be dill' and payablt' if lht. prnpt'rly subject In this rnnrt!1;age is (,Ol1w')-'oo away or if title thereto shall be vested In any other. ~ Signed this 20th day of Oc tober .' In presence of WtTNESS ,W 88 / ~~I1fd~.... Deborah DeFr~': .~>: d--'-cl.1J~ Lois SalyardJ' /" -- (SEALI (SEAL) STATE OF . ....ti~.b.J:.a~."k;i\.. . .........., ....",.,. Counh. or HaJ.l. Before me. a notary public qualified for said l'tlllTlly. 'pt'rsolla.lIy l'amt' Deborah DeFreece 'ilnd Lois SalyarQ,l J as Tenants in Common known to me tu be the identicul penon or per50rn who sigm.od the fllTe~oing instrument and acknowledged the t"xeculion thereof to be his. her or their voluntary act and deed. t~ GEllPJJ.libT"'lI~on ;;'Tu ~-=~...{)..a.., 198L. /id4~, 19K'5-' , ;; /-:/., ..~.......~otary Public. STATE OF . }~ L County da}' of . 19 . .1 and recorded in Book 01 Entered on numerical index and Bled for record in the Register of Deeds Offi....e of said County Ihe lI.dUl.1.; and minutt"s M, at paRI' 11\ Rt'g of Deeds Deputy nns INSTRUMDo. DRAFTED BY, 1.~()2hhl.l'\ltl RC'~ II K-4