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79- ;;t,p~38 REAL ESTATE MORTGAGE BILLY D. JUSSEL and BETTY J. JUSSEL, herein called the Mortgagors, in consideration of THIRTY-FIVE THOUSAND AND NO/100 DOLLARS {$35,000.00) do hereby mortgage to STEVE M. HALPIYd and ?dARaRRET J. HALPIN as joint tenants and not as tenants in common witn right of survivorship, herein called the Mortgaycd5, the following described real estate in Hall County, Nebraska: A tract of land 56 feet in width and 132 feet in length, formerly being a part of West 11th Street, of the City of Grand Island vacated by said City October 5, 1960, and more particularly described as follows: Beginning at the Northwest corner of Lot Six (6), Block Fifteen {15) West Park Addition to the City of Grand Island, running thence East on the North line of said Lot Six (6) for a distance of 132 feet, to the Northeast corner of Lot Six (6); thence North on a prolongation of the East line of said Lot Six (6) for a distance of 56 feet, running thence West parallel to the North line of said Lot Six (6) for a distance of 132 feet, running thence South on a prolongation of the West line of said Lot Six (5) for a distance of 56 fret to the Northwest rnrner of Lot Six f61, being the point of beginning, all in the City of Grand Island, Hall County, Nebraska, This Mortgage is given to secure the payment of the principal sum of THIRTY-FIVE THOUSAND AND NO,~100 DOLLARS ($35,OOfl.0O) and interest thereon, according to the terms of a certain Promissory Note of even date, executed by the Mortgagors to the Mortgagees, due the 15th day of Duly, 1984. The Mortgagors further agree to maintain insurance upon the above-described premises in an amount not less than the indebtedness due the Mortgagees with a loss-payable clause in favor of Mortgagors and Mortgagees as their interests may appear. The Mortgagors agree to pay all taxes and assessments upon said premises and all other taxes, Levies and assessments levied upon this Mortgage end the Nate which this Mortgage is given to secure before the sate become delinquent. In the event the Mortgagors shall fail to obtain such insurance or pay such taxes before delinquent, the Mortgagees may purchase such insurance and pay such taxes or other liens and shall have a lien secured hereby for the amount so advanced with interest thereon at the rate of nine and one-half per cent (9;~) per annu,~:. In the event the Mortgagors default in the payment of said indebtedness or any installment thereof, or fail to perfazn any of the other agreements herein, the ?9ortgagees at election may declare the entire debt secured by this Mortgage to be due and collectible at once; and may foreclose this Mortgage for the satisfaction thereof. The Mortgagors further agree that payment hereunder shall be made to Mortgagees as joint tenants and in the event of the death of either of said Mortgagees, all pay-.ents due hereunder shall he made to the survivor of them who may execute and deliver a release hereof which shall extinguish the interests of all Mortgagees hereunder. Signed this ~ day of June, 1979. p `f., t,k, ~ Bill D. ~sel Betty J is~i -1-