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$~ ""'~~ t~ tl 1 "~ REAL ESTATE MORTGAGE This Mortgage is entered into between R. ESTHER OBERMEI- ER, a divorced woman in her own interest as mortgagor, and BAVID R. BENDER and EMILX F. BENDER, husband and wife, herein referred to as "Mortgagee". Mortgagor is indebted to mortgagee in the principal suue of $31,DOb.42, evidenced by mortgagor`s note dated December 31, 1981 providing for payment of principal and interest if not sooner paid on April 15, 1989. To secure the payment of the note and payment of other sums, with interest, advanced by mortgagee to protect the security of this mortgage, and the performance of the covenants and agreeemnts of the mortgagor contained herein, mortgagor does hereby mortgage and convey to mortgagee the following described property located in Fall County, Nebraska: Lot Twenty Three (23) in Block three (3} Olde t?= 11 S1bdi yiSi~'°` }•^ ti`t.= City ~?~ Grai~d _Siand, Hall. County, Nebraska. together with all .buildings, improvements, fixture , easements, rights, .priv.ileges and appurtenances located thereon os in any way pertaining thereto, and the rents, profits, reversions and remainders thereof; including rep- lacements and additions thereto that are hereby declared. to be a part of the real estate secured by the lien of this mortgage and all of the foregoing being referred to herein as the "property" mortgagor further covenants and agrees with the mort- gagees as follows: 1. Payment. ~o pay the indebtedness and the interest thereon as provided in this mortgage and the note. 2. Title. Mortgagor is the owner o£ property, has the right. and authority to mortgage the property, and warrants that the lien created hereby is a fa.rst and prior lien on the property. 3. Taxes, Assessments. To pay when due all taxes, special assessments and all other charges against the property and, upon written demand my mortgagee, to add to the payments required under the note secured 'Hereby, such amount as may be sufficient to enable the mortgagee to pay. such taxes, assess- ments or other charges as they become due. 4. Insurance. To keep the improvements now or hereafter located on the real estate described herein irstxred against damage by fire and such other Hazards as mortgagee may require, in a~;ants and with companies acceptable to the mortgagee and with loss payable to the mortgagee. In case of lass under suite policies, a mortgagee is authorized to adjust, collect and compromise, in the ~.scretion of the mortgagee, all claims thereunder at mortgagee`s sole option and to apply the proceeds Npcrn trte: i:nde€~tec3.ness secsared: hereby with payments hereunder c~sTZta:.r.ing until tYce sums secured hereby are paid in full, ~. h~dir, ~9a~ntenance and flee. To promptly repair, r!ester~ or Ebui3cTany 3~udngs r i~sproverrents nova or` hPra- _~~cr t}n thin. r;rop~rry,; ter keep the property in c?oo~3 condition and re~.~:iz, without waste, and free from mechanic's or other