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I REAL ESTATE MORTGAGE 84-00450$ r GARY EDWAPill SHOVLAIN and LINDA DIANNE SHOVLAIN, herein called the "Mortgagor," in consideration of a Warranty Deed, do hereby mortgage to THEU1A SHOVLAIN, herein called the "~10rtgagee," the following described real estate in Hall County, Nebraska: Lot Five (5), Fonner Second Subdivision to the City of Grand Island, Hall County, Nebraska, This Mortgage is given to secure the paymen~ of the principal SUTI of Two Hundred Fifteen Thousand Dollars ($215,000,00), and interest thereon, according to the terms of a certain Mortgage Note of even date, executed by the Mortgagor to the Mortgagee, due the first day of January 1989, The Nortgagor further agrees to maintain insurance upon the above-described premises in an amount not less than the indebtedness to the Mortgagee with a loss-payable clause in favor of Mortgagor and Nortgagees their interest may appear. The Mortgagor agrees to pay all taxes and assessments upon said pr~ ises and all other ta~es, levies and assessments levied upon thi" l'101 6age and the note in which this Mortgage is ~iven to securE vzfore the same becomes de- linquent, In the event the Mortgagor shall fail to obtain such insurance or pay such taxes before delinquent, the Hortgagee may purchase such insurance and pay such taxes or other liens and shall have the liens secured hereby for the amounts advanced with interest thereon at the rate of Fifteen percent (15%) per annum, In the event the Mortgagor defaults in the payment of said indebtedness or in the installments thereof, or fails to perform any of the other agreements herein, the Mortgagee at his election may declare the entire debt secured by this Mortgage to be due and collectible at once; and may foreclose this Mortgage to the satisfaction thereof, Signed this /:,;c~day of I: 4.- (' l.J-~~U/j- 1984. .. // ~~!? I ' G~~;f/~~, Mortgagor {~Ja~~y~~~f s~{~i:~ie~~~~~or STATE OF XEBRASKA) )SS, COU~TY OF HALL ) Before me, a notary public qualified for said County, personally came Gary Edward Shovlain and Linda Dianne Shovlain, to me kno\qn to be the identical persons who signed the foregoing instrument and acknowledged the execution thereof to be their voluntary act and deed, . Witness my hand and notarial seal on :u,/:::~/- /,//:). 1984, "otiJryip~biic '.;0;. "i...,.ti. .......1IrAIr.P....." ...... .IfAN II. OATIS lire... _.. 4. JIll L