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$t}-~. REAL ESTATE MORTGAGE DAVID E. PHILIPPI, herein called the Mortgagor,: isi consideration of $3,955.40, does hereby mortgage to P1'FAI1~Ik: DAT5UN, INC., herein called the Mortgagee, all of-his r3:g3sTt, title, claim and interest in and to the folhowing aeser3,: real estate in Hall County, and State of Nebraska: See attached Exhibit 1. And the Mortgagor does hereby covenant with tkse Mortgagee and with Mortgagee's heirs and assigns that Mortgagor. is lawfully seized of said premises, that they are subject to encumbrance of record, that Mortgagor has good right and lawful authority to convey the same, and that Mortgagor warrants and will defend the title to said premises against the lawful claims of all persons whomsoever. This Mortgage is given to secure the payment of the principal sum of $3,955.40, and interest thereon, according to the terms of a certain Promissory Note of even date, executed by the Mortgagor to the Mortgagee, due the ~ day of March, 1933. The Mortgagor 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 Mortgagor and Mortgagee as their interests may appear. In the event of default in the performance of any of the terms and conditions of this Mortgage or the Note secured by it, the Mortgagee shall be entitled to immediate possession of the property above described and all the rents, revenue and income derived therefrom during such time as the Mortgage indebtedness remains unpaid shall be applied by the Mortgagee to the payment oz` the Note and all other sums secured hereby after deduction of any necessary costs of collection. In the event the Mortgayor defaults in the payment of said indebtedness or any installment thereof, or fail to perform any of the other agreements herein, the Mortgagee at Mortgagee's election may declare the entire debt secured by this Mortgage to be due and collectible at once; and may foreclose this Mortgage for the satisfacti//on thereof. Signed this ~ day of ~~~ ~ t ' Lt" 1980. f .~ f' David E: Pfil STATE OF NEBRASKA (as: COUNTY OF HALL ) Before me, a Notary Public qualified for in saki County, personally came David E. Philippi, to me known to be the identical person who signed the foregoing instrument and acknowledged the execution thereof to be his voluntary act and deed. .~s -r. , Witness my hand and Notzar ~a~f'•p~'.~~~~ ,i~E~// yti 4y Yu~i~ic J~ti<}7 rx}tlt~rr „~."