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<br />REAL ESTATE MORTGAGE
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<br />'I'
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<br />84 - 0018t8
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<br />KNOW ALL MEN BY THESE PRESENTS:
<br />That Augustine T. Rosas and Debbie S. Rosas, husband and
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<br />wife, of Hall County and State of Nebraska, in consideration
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<br />of the sum of Seventeen Thousand One Hundred Dollars and Forty-
<br />three Cents ($17,100.43) in hand paid, do hereby sell and convey
<br />unto Gordon Salchow and Kathy Salchow, husband and wife;
<br />Ron McGuire and Barbara McGuire, husband and wife; Gordon
<br />Bierman and Susan Bierman, husband and wife; and Sam Grimminqer
<br />and patricia Kay Grimminger, husband and wife, the following
<br />described premises situated in Hall County, State of Nebraska,
<br />Lo-wit:
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<br />The East Forty-four (44) Feet of
<br />Lot Three (3), Block Ninety-five
<br />(95), Original Town, Grand Island,
<br />Hall County, Nebraska,
<br />the intention being to convey her~by an absolute title in
<br />fee simple, including all the rights of homestead and dower.
<br />TO HAVE AND TO HOLD the premises above described, with all
<br />appurtenances thereunto belonging, unto the said mortgagees
<br />and to their heirs and assigns forever, provided always, and
<br />these presents are upon the express condition that if the said
<br />mortgagors, their heirs, executors, administrators or assigns
<br />shall payor cause to be paid to the said mortgagees, their
<br />executors, administrators or assigns, the sum of Seventeen
<br />Thousand One Hundred Dollars and Forty-three Cents ($17,100.43)
<br />according to the tenor and effect of the mortgagors' written
<br />promissory note bearing even date with these presents, and
<br />shall pay all taxes and assessments levied upon said real
<br />estate, and all other taxes, levies and assessments levied
<br />upon this mortgage or the note which this mortgage is given
<br />to secure, before the same becomes delinquent, and keep the
<br />buildings on said premises insured for the sum of $20,000,
<br />loss, if any, payable to the said mortgagee, then these presents
<br />to be void, otherwise to be and remain in full force.
<br />IT IS FURTHER AGREED (1) That if the said mortgagors
<br />shall fail to pay such taxes or procure such insurance, the
<br />said mortgagees may pay such taxes and procure such insurance;
<br />and the sum so advanced, with interest at the rate of ten percent,
<br />shall be repaid by said mortgagors, and this mortgage shall
<br />stand as security for the same. (2) That a failure to pay any
<br />of said money, either principal or interest, when the same
<br />becomes due, or a failure to comply with any of the foregoing
<br />agreements, shall cause the whole sum of money herein secured
<br />to become due and collectible at once at the option of the
<br />mortgageElS.
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