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...~.._ REAL ESTATE MORTGAGE ~~ ~• THIS *SORTGAGE IS SLTRJECT TO a mortgage to the Nebraska Mortgage Fend through Overland National Bark of Grand Island, Yebraska in the approximate amount of 542,400.D0 which the undersigned has the option of assuming from Charles Douglass for a period of five years. Terry W. Worth, a single person and in his own right, herein called the Mortgagor, in consideration of Two Thousand, One Hundred and NQ/100 {$2.100.00) Lbllars, da hereby mortgage tc Charles Douglass, an unremarried man in his own right, herein called the Mortgagee, the followinq_-described real estate in Hall County, and State of Nebraska: Lot 14, Block 6, uili and austbn"s Addition to- the ^ty of Grand Island, Hall County, Nebraska: 'this Mortgage is given to secuze the Yay;nent of the principal sum of TWO Tnot;sand, Ore Hundred and N0/100-($2,100.00);Dallars and interest thereon according to the terms°af a certain Promissory Note of even date, executed by the Mortgagor to the Mortgagee, With Seventy-Three and 83/100 'dollars being due on the lst day of 'each-month beginning'July 1, 1982, and continuing tlxrough June 1, 1985, the terms and conditions or which note are incorporated herein and reads part hereof by this reference. The Mortgagor agrees to"pay all taxes and assessments upon [said premises and all other taxes, Ssvies and assessments levied, upon "this Mortgage and the Note which this Mortgage is;gven to secure 'before the same become delinquent. In the event :the Mortgagors shall,fail to pay such taxes before delinquent, the Mortgagee mxy;pay such taxes or other liens and shall have a lien secured hereby foc the amount so advanced with ihterest thereon at the rate of twelve per cent f12i} per annum, In the event the'Mortgagor defaults n'thepayment of said indertedness or any installment-thereof, in accordance wzth-the terms 'thereof, or otherwise fails to perform any of the other agreements here», the'Mortgagee- at his election may declare the entice debt secured `by this Mortgage to `be due and collectible a[ once; and may foreclose t;}is Mortgage £or the satisfaction thereof. Signed th£s'_Lday of ~~/.h,,f ~ ,1982. Terry w. rth STATE OF NEBRI4SRA) fss. COUNTY OF HALL } Before me, a Notary Public qualified for said County<, personally came Terry w. worth, a single person and in his oven right, tome knov+n to be the idan[ical person who signed the fcregoing instrument and acknowledged the execution thereof to he his voluntary acr_ and deed. witness my hand and Notarial Seal on Vt_„.. ~ ,I9$2. r~ t ~ '~citJll/N^E.,f-CY -s*~ ` ~~ % ~ may.. , ~° A,'M tms. 6v~ Mw. 23, t9t3i 'iota F is +~'_`,_