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REAL ESTATE MORTGt~.GE KRISTEN K. LAR5EN, TRUSTEE, herein called the Mortgagor, in consideration of SEVENTH' THOUSAND and no,~100 Dollars ($70,000.00) does hereby mortgage to TOM R. LARSEN, herein called the Mortgagee, the following described real estate in Hall county, and State of Nebraska: The East One-Half tE~<) of Lots Two (2) and Four (:~} in Bloek Eleven (11), College Addition to West Lawn, in the City of Grand Island, Hall County, Nebraska; And the Mortgagor does hereby covenant with the Mortgagee and with Mortgagee's heirs and assigns that Mortgagor is lawfully seized of said premises, that they are free from encumbrance, except those of record, that Mortgagor has good right and lawful authority to canvU the same, and that Mortgagor warrants and will defend the tit12 to said premises against the lawful claims of all persons whom- soever. This Mortgage is given to secure the payment of the principal °~n ^;u On ^d ^terest +herear, accardina to the terms of sum a`i ~,v,v a„ i„ -, a certain promissory note of ever, date, executed by the Mortgagor to the Mortgagee, due on demand. The Mortgagar further agrees to maintain insurance upon the above-described premises in an amount not less than the indebtedness due the Mortgagee with a loss payable clause in favor of Mortgagar and Mortgagee as their interests may appear. The Mortgagar agrees to pav all taxes and assessments ueon 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 deiin- quent_ In the event the Mortgagor shall fail to ortain such insur- ance ar peg such taxes before delinquent, the Mortgagee may purchase such insurance and pay such taxes or other liens and shall have a lien secured hereby for the amount sa advanced. In the event the Mortgagor defaults in the payment of said indebtedness or any portion thereof, or fails to perform any of the other agreeieents herein, the Mortgagee at his election may declare the enure debt secured by this Mortgage to be due and collectible at once; and may foreclose this Mortgage for *_he satisfaction thereof. Dated: September =, 1g7S. _ ~ . 4. ' r ~~ Kristen K. Larsen, Trustee SiAT£ flF D1EBRASKA ) )SS: CC3L1 c7F` t3ALL Before me, a notary nubl~ c qualified for said caurty, per son all}' came Kristen K. Larsen, Trustee, known? to me to be the identical per- . sc7n ciao &it~ed t~se foregoing instrument and acknowledged the execution tYaeraBf to be her voluntary act and deed as such Trustee for the uses and purposes t:serein men tianed_ Fitness my hand and :notarial seal nn September ~~ 1874. 'Rotary Public My camsissior. expires: ~R-i.wtr.4Ar ~iM-~aip ~