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~ ~~ ., _ ~ ~ n ~ m Z ~ ~ . ~`++ 171 V1 ~ ~ Ui ~' ~ A IZ n = ~ r -1~ ~ ~ N m IV ~ ~ ~ . ~ _ N ~ r ~ ~ [~ `~ -1 - ~ ~ ~ ~ ~ +~~ ~w 1"17 ~ .. \. ~~ ~ ^ ~ ~ C7 C~ ~ ~ ~ D ~ ~ ~' ~ CL~ C~1y D O x m o r 200909898 REAL ESTATE MORTGAGE KNOW ALL MEN BY THESE PRESENTS: That Johnson and Johnson, Inc., a Nebraska Corporation in consideration of the sum of thirty thousand dollars ($30,000.00) together with 't future advances not to exceed one hundred twenty thousand dollars ($120,000.00), do hereby ~U~~~ SELL and CONVEY unto Springdale, L.L.C., a Nebraska Corporation, the following described real estate to wit: Lot 12, Springdale 2"d Subdivision, City of Grand Island, Hall County, Nebraska. The intention being to convey hereby an absolute title in fee simple, including all the rights of homestead and dower. TO HAVE AND TO HOLD the premises above described, with all the appurtenances thereunto belonging, unto the said mortgagee and to its assigns forever, provided always, and these presents are upon the express condition that if the said mortgagor, or assigns shall pay or cause to be paid to the same mortgagee, the principal sum of $30,000.00 together with future advances not to exceed $120,000.00, payable as follows, to-wit: Payable in full upon sale of lot and on the closing date thereof with interested according to the tenor and effect of the mortgagors written promissory note bearing even date with these presents and shall pay all taxes and assessments levied upon said real estate, and all other taxes, levies and assessments levied upon this mortgage or the note which this mortgage is given to secure, before the same becomes delinquent, and keep the buildings on said premises insured for the sum of $150,000.00 loss, if any, payable to the said mortgagee, then these presents to be void, otherwise to be and remain in full force. IT IS FURTHER AGREED (1) That if the said morkgagor shall fail to pay such taxes of procure such insurance, the said mortgagee may pay such taxes and procure such insurance; and the sum so advanced, with interest at zero percent, shall be repaid by said mortgagor, and this mortgage shall stand as security for the same. (2) That a failure to pay any of said money, either principal or interest, when the same becomes due, or a failure to comply with any of the foregoing agreements, shall cause the whole sum of maney herein secured to become due and collectible at once at the option of the mortgages. Singed this ~~ day of December, 2009. Johnson and Johnson, Inc. By: resident