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~g~" ' , .~:=":,"~~~=ale. ~rA . ~T04i A?~. t~2t BY TfHSE PRr~t`YS that GARY I,. KICITI a*xi tiARY M. KIEIN, husband and rife, hereinafter rafsrred to as Mortgagors in cansideratio:s of the sum of T~~eelve Thousand ~ no/100ths Dollars (=12,000.OOj in hand paid, do hereby sell and convey unto J"~Atd A. HE~d, hereinafter referred to as Mortgagee, the following de- scribed pre~tses situated in Hall Courtly, Nebraska Lot Fart~*-seven (bfi) of West Hefg3its Addition to the City of Grand Island, Hall County, Nebraska TO HAVE AtdD TO HL"'LD the premises above described with ail the aFpurtenancea thereunto belong3.ng unto the said Mortgagee and to his heirs or personal repre- sentatives, forever, provided, always, and these presents are upon the espreas condition that if the aforesaid Aortgagors, their .hairs or personal represents- Lives shall pay or cause to be paid to the said ?4rtgagee, his heirs or personal representatives, the sum of Twelve Thousand ~ no/100ths Tbllars ($12,000.00) with interest thereon, payable all according to the ;.enure and effect of a certain proesi.saory note executed by GARY L. KIElId and MART M. KIEIN, and delivered to JEAN A. HRNN on Nove®ber 21, 1.979 and shall pay all taxes and assessments levied upon said real estate, and keep the buildings on said premises insured, then then-~~ ~reaents to be void, otherwise to be and r~nain in full fore®. The ~iortgagora agree to purchase Lire .t extended coveraag~e insurance on the propert in the anoount of at Least Twetlve Thousand ~ no,/100ths Dollars {=1.2,000.00. Said insurance shall name the Mortgagees as the lose payee. l~rtgagors shall furnish to Mortgagee a certificate evidencing the fact that such insurance has been procured and that it is in full force and effect and further that the same cannot be terminated without reasonable Holies to the Mortgagee. This certificate shall be obtained prior to Novea~er 73, 1979• It is further agreed that {1) If the said Mortgagors shall tail to pay ouch taxes and procure such insurance, the said Mortgagee may Pay such fazes ark procure such insuranc®; and the sun so advanced with interest in accordance with the said Promissory Note shall be paid b' said Mortgagors, and this Mortgage shall stand as security for acme. (2) That a failure to Peer atp of said monoy, either principal or irttereat vdien the same becomes due, or tailure to fly rith a1?. of the tore~oing agreements, shall cause the vdYSle sum of a~orey herein secured to become cue and c~ilsctible at once alt the option of the Mortgagee. Sigz:ed this _a day of STAT$ OF NEBRASKA) ( as: COUNTY 0~" HALT, ) On Chia ,~/day of t`~~-sc.~~x~lGc , l9 ~%~, before me, the und~aigned, a Notary Public duly comniasioned eat qualities for in said Gounty, peraonall.)r canes Gary I.. Klein and Mary M. Klein, husband and wife, to me pereonatlp knoMC- end aclanoxledged the execution thereo: to be their wluntary act ar-~ deed. Ylitness ntir hand and notarial seal in d County, the day arfd'~ear last above mitten. ~ . ~MN~f•iYUefaAwMr `~- c tp~sirg4d~mr»a