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$6- 107232 REAL ESTATE MORTGAGE GORDON JAMES HP.NICEK and SALLY K. HRNICEK, husband and wife, herein called the Mortgagors, in consideration of FIFTY THOUSAND AND N01100 DOLLARS ( ;50,000.00) do hereby mortgage to INTERNAL MEDICAL ASSOCIATES OF GRAND ISLAND, P.C. PROFIT - SHARING PLAN & TRUST, c/o NORWEST BANK NEBRASKA, N.A., TRUSTEE, herein called the Mortgagee, the following- described real estate in Hall County, and State of Nebraska: Lot Three (3) in Hidden Lakes Subdivision Number One (1), Hall County, Nebraska, being a part of the Southeast Quarter of the Northeast Quarter (SE }NE}) and a part of the North Half of the Northeast Quarter of the Southeast Quarter (N }NE }SE}) all in Section Thirteen (13), Township Eleven (11) North, Range Nine (9) West of the Sixth (6th) Principal Meridian, in Hall County, Nebraska. And the Mortgagors do hereby covenant with the Mortgagee and with Mortgagee's successors and assigns that Mortgagors are lawfully seized of said premises, that Mortgagors have good right and lawful authority to convey the same, and that Mortgagors warrant 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 principal sum of Fifty Thousand and No /100 Dollars ($50,000.00) and interest thereon, according to the terms of a certain Promissory Note of even date, executed by Gordon James Hrnicek to the Mortgagee, due the Est day of December, 1991. Sally J. Hrnicek joins in this Real Estate Mortgage as spouse of Gordon James Hrnicek. Mortgagors and Mortgagee acknowledge that the Mortgagee has relied upon this Real Estate Mortgage by Sally J. Hrnicek in extending credit under the Promissory Note and distributing the proceeds of the Promissory Note to Gordon James Hrnicek. The Mortgagors further agree to maintain insurance upon the above- described premises in an amount not less than the indebted- ness due the Mortgagee. The Mortgagors agree to pay all taxes and assessments upon said premises and all other taxes, levies and assessments levied upon this Mortgage and the Note which this Mortgage is given to secure before the same become delinquent. In the event the Mortgagors shall fail to obtain such insurance or pay such taxes before delinquent, the Mortgagee may purchase such insurance and pay such taxes or other liens and shall have a lien secured hereby for the amount so advanced with interest thereon at the rate of seven percent (78) per annum. -1- LJ I