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i <br />100055 <br />agree to pay all, taxes and assessments levied and assessed upon <br />the real estate and all. other taxes, levies and assessments levied ipon this <br />Mortgage and the Promissory 'dotes which this Mortgage is given to secure <br />before payment is delinquent. If MORMAr4)RS fail to pay the taxes and <br />assessments before delinquent as required by this Second Real Estate <br />Mortgage, MORIrAGFE may pay the taxes and assessments or other liens and is <br />given a lien secured by this Seed Real Estate Mortgage for the annunts <br />advanced with interest 3t the highest legal rate. <br />A9t ? GACxoRS agree to insure the improvements on the real estate against loss <br />by fire or other casualty in an ammuv: not less than the balance due on the <br />Notes for which this Second Real Estate Mortgage is given an security. The <br />insurance policy is to be endorsed with a mortgage clause providing for loss <br />payable to the First Mortgagee, The Equitable Building and Loan Association <br />of Grand Island, Nebraska, the 4-3RIGAGFF of this Mortgage and MORTGAGORS, as <br />their interests appear. If MORTGAGORS fail to secure the insurance, <br />W)mr,AGFr may secure the insurance and Pay the premiums and is given a lien <br />secured by this Second Real Estate Nbrtgaqe for the amounts advanced with <br />interest at the highest legal. rate. <br />If MDMr.DOOR.S default in payment of any �nnthly installment of principal and <br />interest on either of the *dotes, or fail. to rerform any of the other <br />agreements in this Mortgage, '47'>tri AGT7, at NTIr.GAGF:F:' S election, may d clare <br />the indebtedness on the Note or Notes in default secured by this Second Real <br />Estate '+mortgage im diately cbe and payable and foreclose this Mortgage r.TDr <br />the satisfaction of the total :ap� ;tae. <br />This Second steal F;state Mortgage is sulaordinat.e to the ?mortgage to The <br />Equitable Building and 1-oan Association of Grand :Island, Nebraska, filed for <br />record cm January 22, 1973, record;? in Book 160 of ^k?rtgages at Fade 95 in <br />the office of the Resister of > eeds of Mail ^cxlrrt.y, ^?ebraska. <br />Dated: Deceriber 20, 19%. <br />��ackson J.{ Pserace (Carrie Bence <br />S'PATF_ OF NTBM13KA, OW MY Y (F F?AI J_: <br />. The foregoing instrument was acknowledged 'he-fore ma- this Decerber 20, <br />1986, by .Jackson J. Rence and Carrie A. Bence, husband and wife, MOTMI G)RS. <br />F <br />Noiary Public � t� <br />My Condssion Expires <br />0 <br />