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<br />/' .' t SECOND REHI, ESTATE AiOR^t GAGE
<br />,~#
<br />TH1~T we, HAS J. DA.~'FER and BAP.BA.RA J. DAPPER, husband and
<br />wife, of Douglas County, State of Nebraska, in consideration of
<br />the sum of Ten Thousand, Eight Hundred Party and 07/100 Dollars
<br />{$10,840.07), in hand paid, do hereby sell and convey unto GERALD T.
<br />GROTHUES and CHARLENE !~. GROTHUES, husband and wife, of Douglas
<br />County, State of Nebraska, the following-described premises situated
<br />in Hall County, Nebraska, to-wit:
<br />South 26.6 Feet of Lot Eight (.8) and the
<br />North 39.6 Feet of Lot Nine (9), Block
<br />Eleven (11}, WEST p~iRK ADDITION of the
<br />City of Grand Island, Hall County,
<br />Nebraska.
<br />The intention being to convey hereby an absolute title in fee simple
<br />including all the rights of homestead and dower.
<br />TO HAVE AND TO HOLD the premises above described, with all the
<br />appurtenances thereunto belonging, unto the said mortgagees and to
<br />their heirs and assigns forever, provided always, and these presents
<br />are upon the express condition that, if the said mortgagors, their
<br />heirs, executors, administrators or assigns, shall pay or cause to
<br />be paid to the said mortgagees and to their heirs, executors, adminis-
<br />trators or assigns, the sum .of Ten Thousand, Eight Hundred Party and
<br />07/100 Dollars ($10,840.07), payable as follows, to-wit:
<br />Eighty-Eight and 33/100 Dollars ($88.33; payable May 1,
<br />1980., and each month thereafter until Ldovember 27,
<br />1980., at which time the balance of accrued interest
<br />and principal shall be due in full, with no penalty
<br />for prepayment. Interest is to be computed only on
<br />Seven Thousand, Four Hundred Eighty-Three and 57/100
<br />Dollars ($7,483.57) at twelve and one-half per cent
<br />(12~~),
<br />with interest thereon at twelve and one-half per cent (12~$) per
<br />annum, payable according to the tenor and effect of the promis^ory
<br />note bearing even date with these presents, and shall pay all taxes
<br />and interest payable on, or maturing installments of principal, due
<br />on any prior mortgage and assessments levied upon said real estate.-
<br />and all ether taxes, levies and assessments levied upon ti~is mortgage
<br />or the rote which this mortgage is-given to secure, before the-same. -
<br />becomes. jdeli_nquent anti keep. the. buildings an .said p-re*~ises insu-red -- - -
<br />for the sum of $ ~{5~ /"~'c ~" loss, if any, payable to such
<br />first mortgagees or this mortgagee, or both, then these presents be
<br />void, otherwise to be and remain in full force.
<br />IT IS FURTHER AGREED (1} That, if the said mortgagors shall
<br />fail to pay such taxes and such interest on, or maturing installments
<br />of principal, due on any prior mortgage and procure such insurance,
<br />then this mortgagee may pay such taxes and such interest on, or matur-
<br />ing instalments of principal, due on such prior mortgage and procure
<br />such insurance; and the sum so advanced with interest at nine per cent
<br />shall be paid by said mortgagor, and this mortgage shall stand as
<br />security for the same. (2) That a failure to pay any of said money.
<br />either principal or interest on this or any prior mortgage, when the
<br />same becomes due ar a failure to comply with any of the foregoing
<br />..agreements., shall cause the whole sum of money herein secured to become-----
<br />-due. and collectible at once at the option of the mortgagee.
<br />IT ZS FURTHER AGREED that said mortgagees, gendinq foreclosure
<br />of this mortgage and after decree and pending stay thereon or appeal
<br />therefrom and pending sale of premises mortgaged, may pay such taxes
<br />and maturing interest or maturing installments of principal, on prior
<br />mortgages, procure such insurance and such sums-shall be added to the
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