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REAL ESTATE MORTGAGE BILLY D. JUSSEL and BETTY J. JUS5EL, herein called the Mortgagors, in consideration o.f THIRTY-FIVE THOUSAND AND NO/100 DOLLARS ($35,000.00) do hereby mortgage to STEVE M. HALPIN and MARGARET J. HALPIN as joint tenants and not as tenants in common with right of survivorship, herein called the Mortgagees, the following described real estate in Hall County, Nebraska: The Southerly Sixty-Eight Feet (68') of Lot One (1) in Block Forty-Eight (48) in Russel Wheeler's Addition to 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/1C0 DOLLARS ($35,000.00) and interest thereon, according to the terms of a certain Promissory Note of even date, executes: by the Mortgagors to the Mortgagees, due the 15th Say of July, 1984. The Mortgagors further agree to maintain insurance upon the above-described gremises 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 nay all ta?~es and assessments anon said premises and all other taxes, levies and assessments levied upon this Mortgage and the Note which this Mortgage is given to secure before the same 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 adeanced with interest thereon at the rate of nine and one-half per cent (9~8) per annum. In the event the Mortgagors default in the payment of said indebtedness or any installment thereof, or fail to perform any of the other agreements herein, the Mortgagees 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 payments due hereunder shall be 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 ~_ 3ay of June, 1979. , ~'', t Bill. Suss 1 / i' Betty J Jus el STATE OF NEB_RASRA ) (ss: COU!tTY OF HALL } Before me, a Notar} Public qualified for said County, personally came Billy D. Jussel and Betty J. Jussel, to me known to be the identical persoas who signed the foregoing instrument and acknowledged the execution thereof to be their valuntary act and deed. R Witness my hand and Notarial Seal on ~.~ , 1979. ~- ~i ~ ~. ,~ , _,,. -.; ~ ~ Notary Public ,~