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86- -10519 PURCHASE MONEY REAL ESTATE MORTGAGE MICHAEL C. ROY AND LISA M.. ROY, husband and wife, MORTGAGORS, in consideration of TWELVE THOUSAND ONE HUNDRED FIFTY DOLLARS ($12,150.00), mortgage to LAURENCE EARL BRANDT AND MAXINE D. BRAND'T, husband and wife, as joint tenants and not as tenants in common, MORTGAGEES, the following described real estate (as:> defined in Section 76 -201 of the Revised Statutes of Nebraska, 1943), in Hall County, Nebraska: Lots One (:1), Two (2), Three (3), Four (4), Five (5) Six (6), Seven (7) and Eight (8), all in Block One (1), in Clark's Addition to the Village now City of Wood River, Mall County, Nebraska, as surveyed, platted and recorded. This Mortgage is to secure the payment of the principal sum of TWELVE THOUSAND ONE HUNDRED FIFTY DOLLARS ($1.2,150.00) and interest from September 3, 1986, at ten per cent (10 %) per annum, payable in 90 consecutive. monthly installments of ONE HUNDRED . NINETY -TWO AND 43/100 DOLLARS ($192.43) per month (including principal and interest), payable without demand, commencing on . October, 3, 1986, and on the third day of each month 'thereafter for 89 consecutive months until the entire unpaid balance is paid " in full, each monthly payment including principal and interest for amortizing the payment of the indebtedness over a period of 90 consecutive months until the entire indebtedness,. with interest, is paid in full. The Promissory Note provides that time is of the essence of the Promissory Note and if default is made in any monthly installment payment fora period of more -than - sixty (60) days, the holder of the Promissory Note may, without notice or demand, declare the entire principal, sum then unpaid, together with accrued interest thereon, immediately due and payable. The Makers of the Promissory Note reserve the right to prepay the unpaid balance of the indebtedness on the Note . on any " monthly installment Payment date by payment of one or more of the monthly installments of principal, but any prepayment of principal on the Note by the Makers shall not relieve the Makers from the payment of the next monthly installment of principal and interest to be made after the prepayment date. Mortgagors agree to pay all real estate taxes and. special assessments levied and assessed upon the real estate and to pay all other taxes, levies and assessments levied upon this Mortgage and the Promissory Note which this Mortgage is given= to secure before payment is delinquent. If Mortgagors fail to pay the real