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79- ~ i ~ ~ "1 ~ 8 R~ ESTATE i~rRT~ RNOf~ ALL Milt BY THESE ~ that LARRY J. CORIiGSS and MARY C. CORDES, husband and sr5.fe, each in his and her ewn right and as spouse of the other, hereinafter referred to as Mortgagors, i.n consideration of the sum of Tsrenty~ fonr Thousand ~ no/100ths 'Dollars (f24.,000.00) its hand paid, dD hereby seal. and convey unto SFitRON K. CORDS, hereinafter referred to as Mortgagee, the folloxing described prerdses situated in Hall County, Nebraska: Lot Three (3) in Block One Htusdred TWeroy six (l2b) in Xoenig ~ Niebe~s Addition, to the City of Grand Island, Hall Conroy, Nebraska. TO HAVE AND TO HOLD the premises above described sdth all the appurt- enances thereunto belonging unto the said Mortgagee and to her heirs or personal rapresen£atives, forever, provided alxays, and these preseros are upon the aapress condition that if the aforesaid Mortgagors, their hairs or personal representatives shale pay ar tense to be paid to the said Mortgagee, her heirs or personal representatives, the sum of TventT-fanr Thousand ~ no1100ths Dollars (g?1.,000.00) with interest thereon, payable all atcerding to the tenssre and affect of a certain Promi.saor9 Note executed by LARRY d. CORIY~S sad MARY C. CORDES, husband and rife, and delivered to SHIRD~t E. COR1TsS on March 29, 1979, and shall pay all tazas ars!i aasesamarrts aaviad upon said real estate, and keep the buildings on said preadaea iasured, then these premises to be void, otherrise to be end retain in ~ll tnree_ the Mortgagors agree to parchasa and maintain fire and e~endad coverage an the real estate iss the arsonnt of at least Taart~-foie' S'hrmsand ~ rm~lOOths Dollars (i?b,000.00). Said insurance ahaal nape the Ibrege~gee is the loss payee. Mortgagors shall furnish to Mortgagee a cerrtificate evideacing the fact that such insurance has bean procured arul that it is in full farce and affect and further that the same canrnt be tsavdrsated tiithout reaaanahle notice to the Mortgagee. This certificate shalt be obtained prior to March 29, 1978. It is farther agreed that (1) i.f the said Mortgagors sha]1 fain to pay such tares ar procure such ins~ance, the said Mortgagee ataT Pay such taooea acrd praasre aneh insurance; and the sue so advanced cdth interest iss acoordaace rith the said Praadsaasy Note shall ba paid by said Mortgagors• and this iiorGgage shall stand as security far snare. (2) A failure to pad as3~ of said annaw, eithmr principal or iutrreat ~sen the a~ae beeo•ea due, or faiam~e to eaaiply rich ale of tau; foregoing agree~ersts, shawl cause the sshole sett of annaT haredn secured to becoate due and collectible att once at the option of the Mortgagee. Signed this s~.i_ day ~ ~c.t~ t^~.~? • 19 ~y~ ~~ r -~ f•~, Macy C, G SlilS ttY ) (sa: O~Y Ci: gATd. ) Before are, a Botarj Psrblic, yua2ified for said ~Yf P~`~n~-y ware Lam d. Carflea affi Mary C. Cordes, husband a~ rsifa, kr~t to ae to ba t3te idsestical pm sans wbn aignad t2te foragoinig irsatrmr~t and 8clmowaadged tits dots tltaraot to ba their valasoarT of and ed. i~~S ~ its asd N3tarial Sa ~,~• Notary Publit i~ aa~ad.aadass espires ~d~