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._ ~ SECOND r~F.AL ESTATE MpRTfr',GE GREGORY p, STULL and PENNY L. STULL, husband and wife, herein called"the'Mortgaeors, ir, consideration of NINE THOUSAND AND NO/100 DGLLARE ($9,Q00.00;! do ~-iereb_y mortgage to MZD-CONTINENT ENTERPRISES, INC_, a Nebraska corporation:,: herein called the Mortgagee, the following described real estate in hall Ccsunt}~, and State of Nebraska: Lot Eighteen (18) and the North Five Feet: {N5') of LoC Nineteer. (19; in Block ,One (1) in'Contnental Gardens. an'Addition to the City of Grand Island, Hall County, Nebraska. And the Mortgagors do-hereby covenant wztii the Mortgage and with Mortgagee°s heixs and assigns that Mortgagors are lawfully seized of said premises, hat they are free from encumbrance, except First Montage given to Gregory; O. Stu 11 and Penny L. Stt=.11 in favor of Home Federal Savings and Loan of Grand Island", in the amount of $71,600.00, dated, May ?B, `1982,-that Mortgagors have oad right and lawful authority, to convey-.the same, and that Mortgagors warrant and will defend the title o said. premises'agains `the lawful claims `of all persons whomsoever. ' The Mortgagors fur her agree to maintain `insurance upon the above described premises in an amount not less than the indebtedness due the Mortgagee with a loss-payable clause in' favor of Mortgagors and Mortgagee as their interests may .:.appear. ' The Mortgagors agree to pay all taxes and''assessments upon said premised and all other taxes,'levies ahd assess- menu lev ed upon: this Mortgage and-the Note which this Mortgage is given to secure-before the same become delinquent. In .the event the Mortgagors hall fail to obtain suchinsuranee ' or pay such. taxes before delinquent, the Mortgagee may purchase such insurance and, pay such taxes ar'other liens` and shall have a lien secured, hereby for the amount so advanced w tt interest-thereon at :.the rate of eleven'{1l) per cent per annum. The Mortgagors agree to pay the mortgagee-the $9.,000..00 plus interest at tha rate of sixteen and one-half (16~) per cent per .annum on the unpaid principal accorc~ing to the provision of the Promissory Note da ed May 28, 1982,,with the final oaymen 'an said note to be paid on or before May 1, 1985. In the 'event of default in the performance of any of the terms and conditions of this iNortgageor the Note secured by it the Mortgagee sha11'be entitled to immediate possess`ion of the prflperty above described and'all the rents, revenue and income r3erived therefrom during; such time as the 'Mortgage _1__