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TATE AWteT KNOW ALL fSENiS.. ,: a6-- 101391 THAT SiLTliSain s & Karen S Salpas ( husband & wife) of 315 N. Cherokee, Grand Island, NE 68801 Mltrgots hawk domortoao.atafxtt w Allied Enexay products, Inc. 1500 E Any post R i 3., Des Moines, IA F Mw1ppae. to secare payment of a certain Home Improvement Retail installment Sale Agreement (hereinafter called Agireemitnt) executed by tW320 MorigagorsbearingevendateherewithandpayabletotheMortgageeinthea mountof Seven thousand one hundred forty one and 49/ 7141.49 100 Dollars (S ) as evidenced by and payable under the terms of the said Agreement. the following described premises situated in Hall County, Nebraska, to wit: (LOW Description) Lot 15, Block 1, Dale Roush Second Subdivision, City of Grand Island, Hall county, Nebraska. 3 w _ T alkla 315 N, Cherokee, Grand island, iv*F, 68801 (Street) IGty) (State) (Zip) That the intention herein is to convey hereby an absolute title in fee simple including all the rights of homestead and dower, to the said Mortgagee, its successors and assigns. That the said Mortgagors represent to and covenant with the Mortgagee that they have the right to sell and convey the said premises and that they will warrant and defend the said premises against the lawful claims of all persons. That the Mortgagors do hereby release all rights of homestead and dower and all rights of distributive share and other rights in and to said premises. That these presents are upon the expressed condition that it the said Mortgagors. their heirs, successors or assigns shall pay or cause to be paid to the Mortgagee, its heirs, successors or assigns the amount specified above according to the tenor and effect of the said Agreement of the said Mortgagors, then these presents would be void. otherwise to be and remain in !ull force and effect This mortgage shall stand as security for said Agreement and for any and all future advances made by the Mortgagee to the Mortgagors That the Mortgagors further agree that they mil pay all taxes and assessments levied against said real estate before the same become delinquent and will keep the buildings on said premises in good state of repair and fully covered with an insurance policy showing any loss payable to the parties as interests may appear, and will make the payments promptly as herein agreed as the same become dire and that failure to do so shall give the Mortgagee the right to declare the whole sum. less unearned charges, due and payable at once and to foreclose upon the property and in that event a reasonable amount shall be paid by the Mortgagors as attorney fees and the costs of foreclosing. That the Mortgagors further agree that they will pay all taxes levied upon this mortgage or the debt secured thereby, together with any Other taxes or assessments which may be levied under (he laws of Nebraska against the said Mortgagee or the legal holder ot the said Agreement on account of this indebtedness In the event that the Mortgagors shalt fad to keep and perform any covenants herein contained. the holder hereof shall have' he option to declare the whole of said indebtedness. less unearned charges. due and payable at any time after such failure or default, and may maintain an action at taw or equity 10 'recover the sable- and the commencement of such action shall be the only notice of the exercise of said option required. INTESTtMOMY WHEREOF. Gus Salpas & Karen S. Salpas hereunto their -set hand s this 24 day of February _ 19 86 STATE OF Niiallh ss county o..__... 1 t]n trr, 24 ay of - February y (1 1986 :V,, me a Notary PJblic n sxi tai pw;aid County personalty carne the above namei: Goss Salpas & .. Karen S, Salpas �J tusband & vii fe) ,vGJ --arp !C. .*'e !'1 C+ I enhi.3 p, .r :n S whose nrme S ar0.... nrhxed to abovp i.?s:run•tn' as grantor and w >,. t �on; t ,<r..: _ �:E a �rnua v ;ru 3117 oer.d