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r REAL ESTATE MORTGAGE HAROLD A. GIBSON, JR. and JOY A. GIBSON, husband and wife, herein called the Mortgagors, in consideration of TWO THOUSAND AND NO 1100 DOLLARS ($2,000.00) do hereby mortgage to ROBERT R. WIESE and JOAN A. WIESE, husband and wife, as joint tenants with right of survivorship, herein called the Mortgagees, the following - described real estate in Hall County, and State of Nebraska: Lot Three (3), in Block Eight (8), of Hann's Third Addition to the City of Grand Island, Hall County, Nebraska. The Mortgagors do hereby covenant with the Mortgagees and with Mortgagees' heirs and assigns that Mortgagors are lawfully seized of said premises, that they are free from encumbrance, 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 whomso- ever. This Mortgage is a purchase money mortgage given to secure the payment of the principal sum of Two Thousand and No /100 Dollars ($2,000.00) and interest thereon, according to the terms of a certain Promissory Note of even date, executed by the Mortgagors to the Mortgagees, due the 1st day of July, 1987, the terms and conditions of which note are incorporated herein and made a part hereof by this reference. 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 pay such taxes before delinquent, the Mortgagees may pay such taxes or other liens and shall have a lien secured hereby for the amount so advanced with interest thereon at the maximum legal. rate. In the event the Mortgagors default in the payment of said indebtedness or any installment thereof, or fail to perform any of the other agreements herein, the Mortgagees at their election may declare the entire debt secured by this Mortgage to be due and collectible at once; and may foreclose this Mortgage for the satisfaction thereof. The Mortgagors further agree that payment hereunder shall be made to Mortgagees as joint tenants and in the event of the death of either of said Mortgagees, all payments due hereunder shall be made to the survivor of them who may execute and deliver a -1- IN L � L _l h L.__