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<br />SECOND REAL ESTATE MORTGAGE
<br />KNOW ALL MEN BY THESE PRESENTS: That
<br />HENRY SCHNELL and CHERI SCHNELL, husband and wife,
<br />jointly and severally, of Hall County, State of Nebraska, in consider-
<br />ation of the sum of Thirty-Five Thousand, Seven Hundred Fifty Dollars
<br />and Eighty-One Cents ($35,750.81), hereby sell and convey unto
<br />MARTIN W. MANANDIK and PATRICIA L. MANADICK,
<br />of Hall County, State of Nebraska, the following described premises
<br />situated in Hall County, Nebraska:
<br />Lot Eight (8), Block Six (6), in Russel Wheeler's
<br />Addition to the City of Grand Island, Hall County,
<br />Nebraska.
<br />The intention being to convey hereby an absolute title in fee simple,
<br />including all rights of homestead.
<br />TO HAVE AND TO HOLD the premises above described with all appur-
<br />tenances thereunto belonging unto the said Mortgagees and to their
<br />heirs and assigns forever, provided always, and these presents are
<br />upon the express condition that if the said Mortgagors or their heirs,
<br />personal representatives or assigns shall pay or cause to be paid to
<br />the said Mortgagees, their heirs, peesonal representatives or assigns,
<br />the principal sum of $35,750.x1, payable as follows:
<br />Principal and interest at ten (10) percent per annum shall be
<br />due and payable in monthly installments of $315.20 commencing an July
<br />1, 1980 and on the first day of each month thereafter until principal
<br />and interest are fully paid; provided that final payment, if not
<br />sooner paid, shall be due and payable on the first day of September,
<br />2009.
<br />MORTGAGORS FURTHER AGREE:
<br />1. They will pay the indebtedness, as hereinbefore provided.
<br />Privilege is reserved to prepay at any time, without premium or fee,
<br />the entire indebtedness or any part thereof not less than the amount
<br />of one installment, or One Hundred Dollars (5100.00), whichever is
<br />less. Prepayment in full shall be credited on the date received.
<br />Partial prepayment, other than on an installment due date, need not
<br />be credited until the next following installment due date or thirty
<br />days after such prepayment, whichever is earlier.
<br />2. Together with, and in addition to, the monthly payments of
<br />principal and interest payable under the terms of the Note secured
<br />hereby, Mortgagors will pay on the first day of each month until
<br />said Note is fully paid:
<br />(a) A sum equal to the premiums that will next become
<br />due and payable an policies of fire and other
<br />hazard ?_nsurance covering the mortgage property,
<br />plus taxes and assessments next due an the mort-
<br />gaged property (alI as estimated by First Denver
<br />Mortgage Co., and of which the Portgagors are
<br />notified} divided by the number of months to elapse
<br />before one month prior to the date when such premi-
<br />ums, taxes and assessments will become delinquent,
<br />such sums to be held by First Denver Mortgage Ca.
<br />in trust to pay said premiums, taxes and special
<br />assessments.
<br />(b) The aggregate of the amounts payable pursuant to sub-
<br />paragraph (a) and those payable ors the dote secured
<br />hereby, shall be paid in a single payment each month,
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