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5 2- A—REAL ESTATE MORTGAGE—(With Tax Clause) 1"8316ftnan and Felton & Wolf. Walton. No. 6116I KNOW ALL MEN BY THESE PRESENTS: That Richard D. DeMers and Th eresa K. DeMers. Husband and Wife Nebraska in consideration of the sum Of county. and State of Of Hall -- DOLLARS Forty Thousand and 001 100------ -- -- -- -----"-'-- " " " " "- ------------------------ in hand paid, do hereby SELL and CONVEY unto Norwest Bank Nebraska, National Association the following degenj"d premigag situated county• state of Nebraska of Hall in Hall County, and State of Nebraska to-wit: 2) in Bel-Air Addition to the ' Lot Fifteen (15) in Block Two k, City of Grand Island, Hall County, Nebraska. The intention being to convey hereby an absolute title in fee simple, including all the rights of homestead and dower. thereunto belonging, unto the said TO HAVE AND TO HOLD the premises above described, with all the appurtenances thepresents are upon the express mortgagee(S) and to his, her or their heirs and assigns forever, provided always, and these condition that if the said mortgagor(s), his, her or their heirs, executors, administrators or assigns shall pay or cause to be paid to the said mortgagee(s), his, her or their heirs, executors. administrato rs or assigns, the principal sum of$ 40,000.00 payable as follows, to wit: One payment of principal and accrued interest due and payable August 12, 1986. with interest according to the tenor and effect of the mortgagors written promissory note bearing even date with th ese presents and shall pay all taxes and assessments levied upon said real estate, and all other taxes, levies and assessments levied upon this mortgage or the note -which this mortgage is given to secure, before the same becomes delinquent, and keep the buildings on said premises insured for the sum of $ 40,000-00 loss, if any, payable to the said mortgagee, then these presents to be void, otherwise to be and remain in full force. IT IS FURTHER AGREED (1) That if the said mortgagor shall fail to pay such taxes or procure such insurance, the said mortgagee may pay such taxes and procure such insurance; and the sum so advanced, with interest at 12.5 per cent, shall be repaid by said mortgagor, and this mortgage shall stand as security for the sarn e. (2) That a failure to pay any I said money either principal or interest• when the same becomes due, or a failure to comply with any of the foregoing 0 agreements, shall cause the whole sum of money herein secured to become due and collectible at once at the option of the mortgagee. Signed this 13th day of February 19 86 1 1 'X i, i In presence of , , I.)-, .., ................... ( Y�4 'Vichard 0. D76R6F§ ................ ....... ..... ............. ........... ............ .......... ............. ........... .............. ............. ..... ............. . . 4T- ................................................................ ....... 1 ...... .... `�6-ro-s --c`4'MeW " ':� � STATE OF ..... NEBRASKA ..................... ........................ County of .......Hall The foregoing instrument was acknowledged before me ...... EetirorY. ..................19 by Richard D. DaMers. ai3d..Theresa K. DeMers Husband and Wife. ................. ............... Signature of Person Taking Acknowledgment My Commission 4EA .............................. ........ Title Notary Public STATE OF ..... ...... Entered on numerical index and filed for record County . ... .. in the Register of Deeds Office of said County the at .. . . .. ........ o'clock and._ minutes M., and . of at page Reg of Deeds By Deputy