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STATE OF NEBRASKA, County of .......................... ..............................: Filed for record and entered in Numerical Index on .............. ........– ...................... at .............. o'clock .............,.. M., and recorded in Mortgage Record ......................... Page ,....................... . ............. By ............................................................ ........................... County Clerk or Deputy County Clark or 87-103518 Register of Deeds Deputy Register of Deeds REAL PROPERTY MORTGAGE Bradley N. Gangwish herein called the mortgagor whether one or more, in consideration of Forty– Thousand – Dollars -- and –NO /100 --- -- ($40,000.00) received from mortgagee, does mortgage to Stewart Mayfield or Charlotte Mayfield or Don Mayfield, of Shelton, Nebraska, the following described property, to wit: THE NORTH HALF OF THE SOUTHWEST QUARTER OF THE SOUTHWEST QUARTER (N4SW4S4) OF SECTION TWENTY (20), IN TOWNSHIP NINE (9), NORTH, RANGE TWELVE, (12), WEST OF THE SIXTH (6th) P.M., IN HALL COUNTY, NEBRASKA. And the mortgagor does hereby covenant with the mortgagee and with .mortgagee's heirs and assigns that mortgagor is lawfully seised of said premises, that they are free from encumbrance, that mortgagor has good ::ght and lawful authority to convey the same, and that mortgagor warrants and will defend the title to said premises against the lawful claims of all persons whomsoever. This mortgage is given to secure the payment of the promissory note of this date made by mortgagor for $ $ 40,000.00 payable as per terms of note of even date, and any extensions and /or renewals of said note. This mortgage is also given to secure any and all future advances, with interest, made by mortgagee to mortgagor. Any future advances shall be made solely at the option of mortgagee, and shall not exceed a total of Fifty – Thousand – Dollars. ($50,000.00) Mortgagor shall pay all taxes and assessments levied upon said real property and all other taxes levied on this mortgage or the note which this mortgage is given to secure before the same become delin- quent and shall maintain fire, windstorm and extended coverage insurance with a mortgage clause on the buildings on said premises in the sum of $ 80,000.00 If mortgagor fails to pay such taxes and assessments or procure such insurance, mortgagee may pay such taxes and purchase such insurance and the amount so advanced with interest at nine percent per annum shall be secured by this mortgage. In case of default in the payment of the principal sum or any installment thereof or of any interest thereon when the same shall become due or in case of the non - payment of any taxes or assessments or of the failure to maintain insurance as herein provided, mortgagee may at the option of mortgagee, with- out notice, at any time during the continuance of such default or breach, declare the whole debt secured by this mortgage to be immediately due and payable and may foreclose this mortgage. In the event of default in the performance of any of the terms and conditions of this mortgage or the note secured by it, the mortgagee shall be entitled to immediate possession of the property above de- scribed and all the rents, revenue and income derived therefrom during such time as the mortgage in- debtedness remains unpaid shall be applied by the mortgagee to the payment of the note and all other stuns secured hereby after deduction of any necessary costs of colleetiou. Dated June 9 19 87 ..... gw ... Bradl N. Gangwish STATE OF NEBRASKA, County of ......Buffalo ,..; .... ........................... ... . ......... Before me, a notary public qualified for said county, personally came Bradley N. Gangwish known to me to be the identical person or persons who signed the foregoing instrument and acknowledged the execution thereof to be his, her or their voluntary act and deed. Witness my hand and notarial seal on ,, p� y � ■estsasla ............. .� ....r�..... Notary Public inim= COMMA 1.e�7,198i M common ex iree 6.; l.C.....L .............. 19 B 111M `...1. Y expires . Form $1.2 to he nlrproved by Nphrnska Stato Bar Assorintinn "' " "'° ,' ° "" " " ""