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85-- 107466 <br />REAL ESTATE 11ORTGAGE <br />This Mortgage made this � day of December, 1986, between <br />John A. Wagoner, Jr., and Patricia L. Wagoner, Husband and Wife, <br />hereinafter "Mortgagors," and Internal Medical Associates of Grand <br />Island, P.C., Profit Sharing Plan, c/o Norwest Bank Nebraska, <br />N.A., Trustee, hereinafter "Mortgagee." <br />IN CONSIDERATION of Forty Thousand Dollars ($40,000.00) <br />advanced by Mortgagee to Mortgagors, who acknowledge receipt of <br />such sum, which is evidenced by a Promissory Note of even date, <br />attached and incorporated herein as Appendix "A," hereinafter <br />"the Note," which this Mortgage secures the Mortgagors, hereby <br />mortgages to the Mortgagee the following described real property <br />situated in the County of Hall, State of Nebraska, and described <br />as follows: <br />A tract of land comprising a part of the Northwest <br />Quarter, Northwest Quarter (NW 1/4 NW 1/4) of <br />Section Nine (9), West of the 6th P.M., Hall <br />County, Nebraska, known as 204 West 23rd Street, <br />Grand Island, Hall County, Nebraska, <br />together with all rents, easements, appurtenances, hereditaments, <br />interests in adjoining roads, streets and alleys, improvements <br />and buildings of any kind situated thereon and all personal <br />property that may integrally belong to or hereafter become an <br />integral part of such buildings and improvements, collectively <br />"the Property." <br />Mortgagors covenant with Mortgagee and its successors in <br />interest that (i) Mortgagors hold title to the Property in fee <br />simple and have lawful authority to mortgage the same, (ii) the <br />Property is free of liens and encumbrances except as stated <br />above, and (iii) Mortgagors will defend the Property against the <br />lawful claims of any person or entity. <br />I. PAYMENTS. Mortgagors shall promptly make all payments <br />required under the Note and arty other instrument securing the <br />of the unpaid principal balance of the Note. <br />2. ACCELERATION. If default shall be made in the payment of <br />the Note, or any part of the interest thereon., or any other <br />advance or obligation which may be secured hereby, then, at the <br />option of the Mortgagee, the Note and the whole of the <br />indebtedness secured by this Mortgage, shall become due and shall <br />become collectible as per the terms set forth in the Note. <br />L..r <br />