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86-- 101948 MORTGAGE THIS MORTGAGE is executed this 18th day of April, 1986, by LEO M. EVANS and SHIRLEY A. EVANS, Husband and Wife, Mortgagor, to ELBRIDGE EVANS, Mortgagee. The Mortgagor, in consideration of the sum of FORTY -ONE THOUSAND DOLLARS ($41,000.00), receipt of which is hereby acknow- ledged, does hereby grant, bargain, sell and convey to the Mortgagee, his successors and assigns, forever, the real property more particu- larly described as follows: Lot Ten (10), Block Two (2), in Capitol Heights Third Sub- division, being a part of the Southwest Quarter (SW�) of Section Two (2), Township Eleven (11) North, Range Ten (10) West of the 6th P.M., Hall County, Nebraska; and, The Southerly Twenty -Two Feet (S221) of Lot Four (4), Block Forty (40), in the Original Town, now City of Grand Island, Hall County, Nebraska; and; Lot Five (S), Block Four (4), Rollins addition to the City of Grand Island, Hall County, Nebraska. together with all improvements and fixtures thereto, to have and to hold as herein provided. This Mortgage is given to secure the payment of a PROMISSORY NOTE from the Mortgagor to the Mortgagee, of even date and constitutes a security agreement with respect to the fixtures attached to said real property. The Mortgagor warrants that the Mortgagor is lawfully seized of a fee simple title to said real property and all improvements and fixtures thereon, free and clear of all encumbrances. when due. The Mortgagor agrees to pay the indebtedness hereby secured, The Mortgagor shall pay all taxes, assessments and other charges which may become liens upon said real property when due, and before delinquency, and shall provide the Mortgagee with proof of payment thereof upon demand. The Mortgagor shall maintain fire and extended coverage of insurance covering the improvements on said real property, in an amount equal to the total indebtedness on said real property, with the proceeds of any loss payable to the Mortgagee and the Mortgagor as their interests may appear, and shall provide the Mortgagee with proof of such coverage upon demand. The Mortgagor shall not permit any mechanic's lien or junior mortgage to be filed or exist against said real property without the prior v:ritten consent of the Mortgagee. The Mortgagor shall not commit or permit waste and shall maintain the improvements on said real property in good condition and repair. The Mortgagee may inspect said real property and the im- provements thereon at all reasonable times, and upon default by the Mortgagor in the maintenance thereof, the Mortgagee may perform such maintenance and add the expense thereof to the principal balance of the PROMISSORY NOTE. In the event of loss or damage to the improvementE and fix- tures on said real property, the Mortgagor may elect to repair or replace such improvements or fixtures. If the Mortgagor shall elect not to perform such repair or replacement, the principal 1balance nf'