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79- U(-378f~ NEBRASKA MORTGAGE. THIS PfORTGAGF., made this 1,Sth day of _June ~_, 1979, by and between Robert D. Puller, a single oerson, Byron T. Wali.er, a4sin~le person and Ada M. Kohn, a single person of the County of Hall, and State of *Febraska, for the purpose of this instrument hereinafter called MORTGAGOR, and RAYFiOND ~, BAKER & BETTS J. BAKER, husband and wife, of Grand Island, iebraska, for the purpose of this instrument herein- after called PiORTGAGF.E: WITNESSETH: That said Portgagor for and in consideration of the sum of Two Thousand Seven Hundred and no/100 ($2,700.00) DOLLARS, paid to sai3 Mortgagor by said Mortgagee, the receipt of which is hereby acknaw- ledged, does by these presents grant, bargain, sell and convey unto tl;e said Mortgagee, his successors and assigns, all of the following described real estate in the County of Hall and State of Nebraska, to-wit: Fractional Lot Taro (2) in Fractional Block One Hundred ?twenty (120) is Railroad Addition, and its complement to-wit: Fractional Lot Two (2) in Fractional Block Twenty (20) in Arnold and Abbott's Addltion, both being additions to the City of Grand island, Hali County, Nebraska. This mortgage shall be second and subject to a mortgage heretofore executed b^ the Mortgagor to the Enuitable Building & Loan Company, of Grand Island, ebraska, in the amount of ??ineteen Thousand Five $undred E1¢hty-;Siz and 46/100 DOLLARS {S19~5$6,46}. This mortgage shall all be subject to all rights, reservations, easements and exceptions of record, with reference to the property hereby conveyed. The principal balance of this martRage outstanding under [he 'NOTE secured hereby shall become and be inenediately due and pavahle at the option of the holder of the`OTE if the MorLpagors should sell or convey the premises without prior written consent of the holder of the ynT£. Failure to nay any of the installments payable at the time when payable as set out upon the ^OTE, which this mortgage secures, shall also result in this mortgage beir.R immediately due and payable at the option of the holder cf the i:OTL. The right of the Ylortgagee to declare the 2,~TE enti_ely dse and payable may be exercised at any- time upon Defauit of the Mortgagor and the acceptance of one or more install- meats made by the Mortgagoz shall not constitute a Waiver of the ?eOTF, holder's option.