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MORTGAGE NOTE ~,~/~O~~p~ S28,OOJ.00 May 1, 1984 FOR VALUE RECEIVED, the undersigned promises to pay to Elizabeth G. Bosselman, or order, the principal sum of Twenty Eight Thousand Dollars ($28,000.00) with interest from May 1, 1984, at the rate of eleven percent (11~) per annum on the unpaid balance until paid. The said principal and interest shall be payable at 1004 West Division Street, Grand Island, Nebraska, or at such other place as the holder hereof may designate in writing delivered or mailed to the debtor, in four equal annual installments of Three Thousand Five Hundred Sixteen Dollars and Twenty-Five Cents ($3,516.25) commencing on May 1, 1985, and on the first day of May of each year thereafter through and including the first day of May, 19-88. On May 1, 1989, the entire balance then due of Twenty-Five Thousand Nine Hundred Forty-Five Dollars and Thirty-Seven Cents (525,945.37) together with interest shall be due and payable. Each installment of Three Thousand Five Hundred Sixteen Dollars and Twenty-Five Cents ($3,516.25) includes interest at the rate of eleven percent (11~) per annum. This note is secured by a Real Estate Mortgage, of even date and in the same principal amount as herein stated, executed by the undersigned, Orlienne B. Dimmitt, on the following described real property: Lots Two (2) and Three (3) in fractional Block Twenty (20) in Baker's Addition to the City of Grand Island, Hall County, Nebraska. If any deficiency in the payment of any installment under this note is not made good within fifteen (15) days of the due date or in the event of a default in connection with any of the terms or conditions of the Real Estate Mortgage securing this Note, the entire ~~rincipal sum and accrued interest shall at once become due and payable at the election of the holder hereof. In the event that title to said real estate is transferred or contracted to be transferred from the undersigned for any reason, or by any method whatsoever, the entire principal sum and accrued interest shall at once become due and payable at the elction of the holder hereof, r^ailure of the holder to exercise the options set forth herein in one instance shall not constitute a waiver of the right to exercise the same in the event of any subsequent default or occurrence. This note and all sums due therein, shall bear interest at the rate of ~ percent after maturity, whether by lapse of time or b reason of acceleration of maturity as hereinbefore provided. The undersigned shall pay to the Note holder a late charge of ,'. 5 percent of any monthly installment not received by the Note holder within 15 days after the installment is due. The undersigned may repay the principal amount outstanding in whole or in part. The Note holder may require that any partial prepayments (i) be made on the day annual installments are due and (ii) be in the amount of that part of one or more annual installments which would be applicable to principal. Any partial prepayment shall be apglied against the principal amount outstand- ing and shall not postpone the due date of any subsequent annual installments or change the amount of such installments, unless the Note holder shall otherwise agree in writing. All makers anal endorsers waive presentment, demand, protest, and notice and the benefit of any homestead exemption valuation or appraisement laws, as to this debt. x~,~.'-D~D,~~~.~.,-fit Address: _.~.5 __. aeQ- 'WL,4~c