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<br />REAL ESTATE MORTGAGE
<br />KNOW ALL MEN BY THESE PRESENTS: That ALVIN DENMAtV, also known
<br />as ALVIN A. DENMAN, and SHIRON DENMAN, husband and wife; DIANNA
<br />30 DENMAN NIELSEN and HAROLD O. NIELSEN, wife and husband;
<br />DOUGL_z1S DENMAN and ?~3AR'TLY(s(( DENT7AN, husband and wife; and DANNY
<br />DENMAN and CATHERINE DENMAN, husband and wife, in consideration
<br />of the sum of TWO H't3NDRED THOUSAND DOLLARS ($200,000.00} in hand
<br />paid, do hereby sell and convey unto THE BANK OF WOOD RIVER,
<br />Wood River, Nebraska, the following-described real estate:
<br />The West Half of the Southeast Quarter (W'~SE,),
<br />Section Twenty (20), Township Ten (10) North,
<br />Range Ten (10} West of the 6th P.Pi., Gall County,
<br />Nebraska, subject to prior recorded encumbrances
<br />and hens.
<br />The security for the above loan includes the
<br />above-described property, other real property
<br />owned by the mortgagors and Assignment of an
<br />Installment Sale Contract, all security
<br />instruments being of the same date.
<br />TO HAVE AND TO HOLD the premises above-described with ail
<br />appurtenances thereto k~elonaing, unto the said mortgagee and its
<br />successors and assigns forever, provided always, and these presents
<br />are upon the express condition that if the mortgagors, their heirs,
<br />devisees, personal representatives, and assigns, shall pay ar cause
<br />to be paid to the said mortgagee, its successors and assigns, the
<br />principal sum of TWO HUNDRED THOUSAND DOLLARS {$200,000.00), payable
<br />according to the terms of a Promissa~y Note of this date, with
<br />interest according to the terms of said above-described Promissory
<br />Nate of this date, and said mortgagors, their hairs, devisees,
<br />personal representatives and assigns, agree to pay ail taxes and
<br />assessments levied on the above-described real estate and all
<br />other taxes, levies and assessments levied on this mortgage or the
<br />Promissory Note which this mortgage is given to secure, before the
<br />same becomes delinquent and to keep the buildings on said premises
<br />as well as all improvements insured in an amount at least equal to
<br />replacement cost, with loss, if any, payable to the said mortgagee,
<br />its successors and assigns, tnen these presents to be void, other-
<br />wise to be and remain in full force and effect.
<br />IT IS FURTHER AGREED {1) That if the said mortgagors, their
<br />heirs., devisees, personal representatives and assigns, shall fail
<br />to pay such taxes. or arocure such insurance, the mortgagee, its
<br />successors and assigns, may pay such taxes and procure such insur-
<br />ance; and the stun so advanced, with interest at __~_ per cent,
<br />shall be repaid by said mortgagors, their heirs, devisees, personal
<br />representatives and assigns, and this mortgage shall stand as secur-
<br />ity for the same. (2) That a failure to pay any of said money,
<br />either principal or interest, when the same become due, or a failure
<br />to comply with any of the foregoing agreements, shall cause the whole
<br />sum of money herein secured to become due and collectible at once
<br />at the option of the mortgagee, its successors and assigns.
<br />Signed this ~~y,_ day of April, 1982.
<br />E~
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