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I C" 83-Q01889 REAL ESTATE MORTGAGE THIS MORTGAGE is entered into between JAN STEEPLE and JUDY ST~EPLE, husband and wife, each in his and her own right and as spouse of the other, as "Mortgagor", and JAMES FOSTER and CAROLYN FOSTER, husband and \'life, hereinafter referred to as "Mortgagee". Mortgagor is indebted to the Mortgagee in the principal sum of Nine Thousand Three Hundred Sixty ~9Jlars ($9,360.00) denced by Mortgagor's Note dated the ~ day of A~) providing for payment of principal and interest wi h the of the indebtedness, if not sooner paid, due and payable May 1, 1984. as evi- , 1983, balance on To secure payment of the Note and sums advanced by Mortgagee to protect the security of this Mortgage, and the performance of the covenants and agreements of the Mortgagor contained herein, Mortgagor does hereby mortgage and convey to Mortgagee the following-described property located in Hall County, Nebraska: Lot Five (5) situated in the Southwest Quarter of the Southwest Quarter(SW~SW~) of Section Twelve (12), Township Ten (10) North, Range Nine (9), West of the 6th P.M., in Hall County, Nebraska, containing approximately 37 acres, together with all buildings, improvements, fixtures, easements and appurtenances thereto and the rents and profits therefrom. Mortgator further covenants and agrees with Mortgagee as follows: 1. Payment. To pay the indebtedness and the interest thereon as provided in this Mortgage and the Note. 2. Title. Mortgagor's are the owners of the property and have the right and authority to mortgage the property and warrant that the lien created hereby is a valid mortgage on the property. 3. Taxes, Assessments. To pay when due all taxes, special assessments and other charges against the property. 4. Insurance. To keep the improvements now or hereafter located on the real estate described herein insured against damage by fire and other hazards as Mortgagee may require, in amounts and with companies acceptable to the Mortgagee and with loss payable to the Mortgagee. 5. Repair, Maintenance and Use. To keep the property in good condition and reoair, without waste and free from mechanic's or other liens not expressly subordinated to the lien hereof and to comply with all requirements of law with respect to the property. ~, L -.J L