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r 79-0 €~ la 42f ~ REAL ESTATE MORTGAGE KNOW ALL MEN BY THESE PRESENTS that Sue Studnicka and Gerald Studnicka, wife and husband, {herein called Mortgagor), for good and valuable consideration, the receipt of which is hereby acknowledged, does hereby sell, mortgage, and convey unto Leslie W. Schug and Claudia J. Schug, husband and wife, as joint tenants, {herein called Mortgagee}, the following described property situated in Hall County, Nebraska , to-wit: Lot Ten {10} in Block Ten {10) in Bonnie Brae Addition to the City of Grand Island, Nebraska, together Wlth all buildings, improvements, fixtures, easements, rights, privileges and appurtenances located thereon or in anywise pertaining thereto, and the rents, issues and profits, reversions and remainders thereof;-including, but not limited to, heating and cooling equipment ar.d such personal property that is attached to the improvements so as to constitute a fixture; all of which, including replacements and additions thereto, is hereby declared to be a part of the real estate secured by the lien of this Mortgage and ail of the foregoing being referred to herein as the "Property". To have and to hold the Property unto the Mortgagee forever to seccre the performance of the obligations contained herein and the payment of the sum of $40,000.00 plus interest, owing to the Mortgagee by the Mortgagor which sum is payable as follows, to-wit: 1$0 equal consecutive monthly installments of X967.15 per month, the first payment to be due and payable August i, 1979, according to the tenor and effect of the promissory note of the Mortgagor executed and delivered to the Mortgagee, and dated ~-,~~y 3''d , 1979- Mortgagor further covenants and agrees, with Mortgagee, as follows: 1. Payment. To pay the indebtedness secured hereby in accordance with the terms of the above described promissory note 2. Title. Mortgagor is the owner of the Property {or owns an interest therein}, has the right and authority to mortgage the Property, and warrants that the lien created hereby is a first and prior lien on the M~rtgagar's interest in the Property, except as follows: None. '