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~ ~~~~1 REAL ESTP,~TE MORTGAGE GARY A. FITCH, a single person, and LYNN D. EHLERS and GLENNA R. EHLERS, husband and wife, herein called the Mortgagors, in consideration of FIVE THOUSAND AND NO/100 DOLLARS ($5,000.00) do hereby mortgage to JACOB PAIIL GRIIVER and NANCY ANN GRUVER, husband and wife, herein called the Mortgagees, the following described real estate in Hall County, and State of Nebraska: The Easterly Seventy-one (71) fe~c of the Northerly Sixty-six (66) feet of the following described tract of ground, to-wit: Fractional Lots One (1) and Two (2) in Fractional Block Two (2) in Russel Wheeler's Addition, and of their complements, to-wit: Fractional Lots One (1) and Two (2) in Fractional Alock One Hundred Twenty- five (125) in Union Pacific Railway Company's Second Addition, both being Additions to the City of Grand Island, Nebraska, and being a Rectangular tract of ground having an Easterly frontage of sixty-six (66) feet on Locust Street in said City, a depth of Seventy- one (71) feet, and bounded on the North by Eighth Street, in said City, in Hall County, Nebraska. This Mortgage is given to secure the payment of the principal sum of Five Thousand and No/100 Dollars ($5,000.00) and interest thereon, according to the terms of a certain Promissory Note of even date, executed by the Mortgagors to the Mortgagees, due the 31st day of January, 1981. The Mortgagors further agree to maintain insurance upon. the above described premises in an amount not less than the indehtedness due the Mortgagees with a loss-payable clause in favor of Mortgagors and Mortgagees as their interests may appear. The Mortgagors agree to pay alI taxes and assessments upon said premises and all other taxes, levies and assessments levied upon this Mortgage and the Note which this Mortgage is given to secure before the same become delinquent. In the event the Mortgagors shall fail to obtain such insurance or pay such taxes before delinquent, the Mortgagees may purchase such insurance and pay such taxes or other Iiens and shall have a lien secured hereby for the amount so advanced with interest thereon at the rate of twelve per cent (12$) per annum. In the event the Mortgagors default in the payment of said s indebtedness or any installment thereof, or fail to perform any of-the other agreements-herein, the Mortgagees at their 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 extinyuish the interests of ail Mortgagees hereunder. ~ / Signed this ~"`~day of ~~.,_6.~-- 19~. -1- ~~ P~~ S~_~~~` Glenna R. Ehlers