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85-00592() <br />REAL PROPERTY MORTGAGE <br />Friendship House, Inc., a Corporation of Grand Island, <br />Hall County, Nebraska, herein called the mortgagor whether one <br />or more, in consideration of SIXTEEN THOUSAND DOLLARS ($16,000.00) <br />paid does mortgage to Kathryn O. Milne, mortgagee: <br />The Easterly Ten (10) Feet of Lot Seven ( 7 ) and all of Lot <br />Eight (8) in Block Ninety -Nine (99) in Railroad Addition <br />to the City of Grand Island, Hall County, Nebraska. <br />And the mortgagor does hereby convenant with the <br />mortgagee and with mortgagee's heirs and assigns that mortgagor <br />is lawfully seised of said premises, that they are free from <br />encumbrance, that mortgagor has good right and lawful authority <br />to convey the same, and that mortgagor warrants and will defend <br />the title to said premises against the lawful claims of all persons <br />whomsoever. <br />This mortgage is given to secure the payment of the <br />promissory note of this date made by mortgagor for $16,000.00 <br />payable according to its terms. <br />Mortgagor shall pay all taxes and assessments levied <br />upon said real property and all other taxes levied on this mortgage <br />or the note which this mortgage is given to secure before the same <br />become delinquent and shall maintain fire, windstorm and extended <br />coverage insurance with a mortgage clause on the buildings on <br />said premises in the sum of $16,000.00. If mortgagor fails to pay <br />such taxes and assessments or procure such insurance, mortgagee <br />may pay such taxes and purchase such insurance and the amount <br />so advanced with interest at nine percent per annum shall be <br />secured by this mortgage. <br />In case of default in th^ payment of the principal <br />sum or any installment thereof or of any interest thereon when <br />the same shall become due or in case of the non - payment of any <br />taxes or assessments or of the failure to maintain insurance as <br />herein provided, mortgagee may at the option of mortgagee, without <br />notice, at any time during the continuance of such default or <br />breach, declare the whole debt secured by this mortgage to be <br />immediately due and payable and may foreclose this mortgage. <br />In the event of default in the performance of any of <br />the terms and conditions of this mortgage or the note secured by <br />it, the mortgagee shall be entitled to immediate possession of the <br />property above described and all the rents, revenue and income <br />derived therefrom during such time as the mortgage indebtedness <br />remains unpaid shall be applied by the mortgagee to the payment <br />of the note and all other sums secured hereby after deduction <br />of any necessary costs of collection. <br />Dated: November 29, 1985. <br />FRIFNDSHIP HOUSE, INC., A <br />orporation <br />ATTEST: <br />By <br />dcr tart' I' esident <br />L <br />