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<br />83- 006347
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<br />REAL ESTATE MORTGAGE
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<br />KNOW ALL MEN BY THESE PRESENTS that LARRY HOES and ROJEANNE
<br />HOES, husband and wife, hereinafter referred to as Mortgagors, in
<br />consideration of the sum of FORTY THOUSAND AND NO/IOO DOLLARS
<br />($40,OOO.00), received from Mortgagees, db hereby sell and convey
<br />unto TJORRAINE A. NABER and DAVID NABER, wife and husband, herein-
<br />after referred to as Mortgagees, the fallowing-described premises
<br />situated in Hall County, Nebraska:
<br />
<br />Lot Eleven (Ill in Block Eleven (II), except
<br />the West 16.33 feet thereof and the westerly
<br />part of Lot Ten (IO) in Block Eleven (11)
<br />described as beginning at the Northwest
<br />corner of gaid Lot Ten {101 and running
<br />southerly along and upon the westerly line of
<br />said Lot Ten (101 to the Southwest corner of
<br />said Lot Ten (10), thence easterly along and
<br />upon the southerly line of said Lot Ten (10)
<br />a distance of 45 feet, thence running
<br />northerly a distance of 103.3 feet to the
<br />northerly line of said Toot Ten (10) to a
<br />point which is 37.67 feet \'lest of the North-
<br />west corner of said Lot Ten (101, thence
<br />westerly along and upon the northerly line of
<br />said Lot Ten (10) a distance of 37.67 feet to
<br />the Northwest corner of said Lot Ten nO),
<br />the point of beginning, all in Block Eleven
<br />(11) in Parkhill Third Subdi"ision, an
<br />addition to the City of Grand Island, Hall
<br />County, Nebraska.
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<br />TO HAVE A~ TO HOLD the premises above-described, with all
<br />appurtenances thereunto belonging, unto the said Mortgage-q and
<br />to their assigns or successors, forever, provided always, and
<br />these presents are upon the express condition that if the afore-
<br />said Mortgagors, their successors or assigns, shall payor cause
<br />to be paid to the said Mortgagees, their successors or assigns,
<br />the sum of Porty Thousand and No/IOO Dollars ($40,000.00), with
<br />interest thereon, payable all according to the tenor and effect
<br />of a certain promissory note executed by the Mortgagors and
<br />delivered to the Mortgagees on December 1, 1983, and shall pay
<br />all taxes and assessments levied upon said real estate, and keep
<br />the buildings on said premises insured for the sum of at least
<br />Forty Thousand And NollOO Dollars ($40,000.00l loss, if any,
<br />payable to the said Mortgagees, their successors or assigns, then
<br />these premises to be void, otherwise to be and remain in full
<br />force and effect.
<br />
<br />
<br />IT IS FURTHER AGREED {II That if the said Mortgagors shall
<br />fail to pay such taxes or procure such insurance, the said
<br />Mortgagees may pay such taxes and procure such insurance: and the
<br />SUl'II so advanced, with interest in accordance with the said
<br />promIssory note, shall be paid by said Mortgagors, and this
<br />mortgage shall stand as security for the same: and (2) That a
<br />failure to pay any of said money, either principal or interest
<br />when the same becomes due, or failure to comply with any of the
<br />foregoing agreements, shall cause the whole Rum of money herein
<br />secured to become due and collectible at once at the option of
<br />the Mortgagees.
<br />
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<br />Signed this ~ day of
<br />
<br />, 1983.
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