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F 87-103196 R 1T ESTATE MORTGAGE MICHAEL L. JOHNSON and NANCY J. JOHNSON, husband and wife, herein called the Mortgagors, in consideration of EIGHTEEN THOUSAND AND N01100 DOLLARS (318,000.00) do hereby mortgage to GEORGE F_ JOHNSON and R7H A. JOHNSON, husband and wife, as joint tenants with right of survivorship, herein called the Mortgagees, the following - described real estate in Hall County, Nebraska: Lot Thirteen !113), Block Two (2) , in Replat of Riverside Acres, an Addition to the City of Grand Island, Hall County *, Nebraska. And the Mortgagors do hereby covenant with the Mortgagees and with Mortgagees' heirs and assigns that Mortgagors are lawfully seized of said premises, that Mortgagors have good right and lawful authority to con.,ey the same, and that Mortgagors warrant and will defend the title to said Premises against the lawful claims of ail persons whomsoever. This Mortgage is --en to secure the payment of the principal s,=_ of Eighteen Thousand and No/100 Dollars ($1$,000.00) and interest thereon, according to the terms of a certain Promissory :rote dated June 5, 1985, executed by the Mortgagors to the Mortgagees, payable on ,'une 1, 1990, the terms and conditions of which Promissory Note are incorporated herein and made a part hereof b, this reference. The Mortgagors agree to pa- ' all taxes and assessments upon said premises and a'_'_ ether taxes, levies and assessments levied upon this Mortgage and' the Vote which this Mortgage is given to secure before the same become delinquent. 'n the event the Mortgagors shall tai'_ to pay such taxes be_'ore delinquent, the Mortgagees may pay s-4ch -axes or other liens and shall have a lien secured hereby for the ar'cunt so advanced with interest thereon. at the maxi -_m '. sQal rate. in the even - - -..- Mortcagc�_s default in the payment of said indebtedness or any installment thereof, or fail to perform any of the other agreements herein, the M=ortgagees, at their election, sway dec:are the entire deb= secured by this Mortgage to be due and ccllectible at once: and may foreclose this Mortgage for the satisfaction thereof. The Mortgaqors furt F"t-r -rs;' that .a: -.ent her.,i.nde w�al l b. made to Mortgagees as holm_ te::: and in the event of the death of either of said Mt2r- gagees, Payments due hereunder shall be made to the sun : : =.cr n_ thtam Who ._. execute and deliver a release hereof whit- shall eyt nrruish the interests of all Mortgagees hereunder. I