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85." 004487 REAL ESTATE MORTGAGE REX E. CARPENTER and JONADYNE A. CARPENTER, husband and wife, each in their own right and as spouse of the other, herein called the Mortgagors, in consideration of Mortgagees' extension of credit to Prairie Datsun, Inc., a Nebraska corporation, do hereby mortgage to KENNETH B. KNOX and KNOX CONSTRUCTION CO., INC., herein called the Mortgagees, the following- described real estate in Hall County, and State of Nebraska: Lot Twenty -Three (23), Block Two (2), Replat of Riverside Acres, Grand Island, Hall County, Nebraska. This Mortgage is given to secure the payment of One Thousand and No /100 Dollars ($1,000.00) per month for Eighty -Four (84) months with a balloon payment of Two Hundred Thousand and No /100 Dollars ($200,000.00) at the end of the eighty- fourth payment owing in respect to the redemption of all stock owned by Ken Knox in Prairie Datsun, Inc., and is also given to secure the payment of Two Thousand Nine Hundred sixty -Four and No /100 Dollars ($2,964.00) per month for a period of One Hundred Twenty (120) months with a balloon payment of One Hundred Fifty Thousand and No /100 Dollars ($150,000.00) at the end of the one hundred twentieth payment in respect to outstanding indebtedness owing to Knox Construction, Inc. from Prairie Datsun, Inc. Such security is given in accord with an Agreement dated April 24, 1985. The Mortgagors further agree to maintain insurance upon the above - described premises in an amount not less than the indebted- ness due the Mortgagees with a loss - payable clause in favor of Mortgagors and Mortgagees as their interests may appear. 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 Mortgagees 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 equivalent to the rate of the indebtedness secured hereby. 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 -1- U OR