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80-OC~~~~ REAL ESTATE MORTGAGE RICHARD E. BOBBINS AND PRTRZCIA L. BOBBINS, husband and wife, herein called the Mortgagors, in consideration of Thirty-Eight Thousand Five Hundred and No/100 Dollars ($38,500.00} do hereby mortgage to MELLIE J. BOBBINS, herein called the Mortgagee, the following described real estate in Ha11 County. and State of Nebraska: South 15' of Lot Five (5), all of Lot Seven {7}, all in Block Thirteen (l3}, Scarff Addition to the City of Grand Island, Nebraska. This Mortgage is given to secure the payment of the sum of $38,500.00, and interest thereon, according to the terms of a certain Promissory Note of even date, executed by the Mortgagors to the Mortgagee, due the 1st day of Jutse, 1990. The Mortgagors further agree to maintain insurance upon the above described premi=es in an amount not less than the indebtedness due the Mortgagee with a loss-payable clause in favor of Mortgagors and Mortgagee as their interests may appear. The Mortgagors agree to pay alI taxes and assessments upon said premises and all otter taxes, levies and assess- ments levied upon this Mortgage and the Note which this Mortgage is given to secure before the same become delinquent. Zn the event the Mortgagors shall fail to obtair_ such insurance or gay such taxes before delinquent, 'the Mortgagee may purchase such insurance and uay such taxes or other liens and the amount so ?aid shall became due and payable forthwith by the Mortgagors to the Mortgagee without notice or demand and shall become part of the principal due under the above mentioned Promissory Note. In the event the Mortgagors default in the payment of said indebtedness or any installment thereof, or fail to perform an}~ 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 they,~~,t~,}sfaction thereof. c Signed this',.' day of ~1,=~~~,~` 1980. . ~ j;~;f--' ,,':' -; Richard. E, Robbins Patricia L: Ro ,b`3ns s~aT~ a~ N£BRASI:A ) (ss: COtTNTY Of' HALL ) Before ~, a Notary Public qualified far in said County, personally came Richard E. Robbins and Patricia L. Robbins, husband and wife, to tr,e known to be the identical pexsons ~xho signed the foregoing instrument and acknowledged the execution therec,f to be their voluntary. ~~, and~de~d. Witness my hand and Notarial Seal an 1~98Q . ..~.._..._. ~r - ~ `,..,~'~ 'tt 2 ~~~ ~otar~r Pu is My eoa~ission expires: `:r° :•, y „._...___. ;~