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PURCHASE MONEY REAL ESTATE MORTGAGE 84 - 00173E KNOW ALL MEN BY THESE PRESENTS: That SAM L. HERRING and SHERYL L. MEHRING, husband and wife, of Hall County, State of Nebraska, in consideration of the sum of FIFTY-TWO THOUSAND FOUR HUNDRED DOLLARS ($52,900.00), in hand paid, do hereby sell and convey unto MERL P. BENNINK and LEONA C. BENNINK, husband and wife, as joint tenants and not as tenants in common, of Hall County, Nebraska, to-wit: Lot Seven (7), Block Three (3), Bel-Air Additior. to the City of Grand Island, Fiala County, Nebraska, the intention being to convey hereby an absolute title in fee simple, including all rights of homestead and dower. This is a Purchase Money Mortgage. TO HAVE AND TO i:OLD the pr en is es above described, with all appurtenances and improvements thereunto belonging, unto the said Mortgagees and to their heirs and assigns and the heirs and assigns of the survivor of them, provided always, and these presents are upon the express condition that if the said Mortgagors, their heirs, personal representatives, devisees oz assigns shall pay, or Cause to be paid to the said `~tortgayees, their heirs, successors or assigns oz the heirs, successors or assigns of the survivor of them, the nrineipal sum of FIFTY-T6d0 THOUSAND FOUR HUNDRED DOLLARS ($52,400) payat~ie asrollows, to-wit: The sum of 5559.03 per month, first monthly payment to be made or> theme, ,_ day of , 1984, and an identical payment an the same day of eac~i month thereafter for iI9 consecutive months, with the entire remaining unpaid balance and any accrued interest and advancements, payable in f~.:ll on the 120th month, ar on the Iat day of April. , I9 9~ The Mortgagors are given the apt ion of paying the entire unpaid balance and accrued interest or of making additional payments in multiples of $100 or more on any monthly payment date without penalty for prepayment provided they have per- formed all of the terms and obligations of this Mortgage. The above unpaid principal in the sum of $52,40Q is payable with interest in the sum of 12.58 per annum, computed monthly, and included in the above monthly payment of $559.63, which payments are amortized on a 30 year basis.