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REAL ESTATE MORTGAGE Clayton PetersenS°~trerein called the Martgagor, fnr valuable consideration does hereby.-mortgage to Reli-able Automotive, Inc:, herein called the Mortgagee, the following-described--real estate in Hall County, and State of Nebraska: Lots Seven C7) and Eight (8) in Blaok Sixty (S0~ of Original Town, Grand Island, Hall County, Nebraska. And the Martgagor does hereby covenant with the Mortgagee and with Morgagee's heirs and assigns that Mortgagor is lawfully seised of said premises, that they are free from encumbrance except two prior mortgages, that Mortgagor has good right and lawful authority to convey the-same, and that Martgagor warrants and will defend the title to said premises against the lawful claims of all persons whomsoever. This Mortgage is given to s~cure the ~Say~~nl~~of the principal, sum of rr^iye Thousand iSine fiundre_ ',Sig}:t~en ($ {~ ) and interest thereon, according to the terms of a ~c~z~a n Promissory Note of even date, executed by the Martgagor to the Mortgagee, due the "on demand" day of after i7e~:~aE-r~y3 _, 19 8C} In the event of default in the par`or:±:anaA of any of the terms and conditiatts of this Mortgage ar the :vote secured by it, the t9artgagee shall be entitled to immediate :;assession of the property above-described and all the rents, revenue and income derived therefrom during such tine as the Mortgage indebtedneas remains unpaid shall be applied by the Mortgagee to the payment of tlxe Nate and all other sums secured hereby after deduction of a},zy necessary costs a ~a':eatzan. In the event t;?a Martgagor :.'e:`:auits i:t the payment of said .+del~}~_ lnsas ?r sx_~• instal ls~rt *;~4;rWrsi', ur fails to Qarfarm anY a;±` trr~ ether aure~nta herein, tl?e Mr~+rtgaGee .rY is ~ler~ian may s€~ c,i 4kQ .RE. .:. r~'8 i.~L a~eE:rv ...., - 4:, :c~a: _,, zi u:: .... -- e~azllc~ctihle3 atyr~~e, aqd corny fureclasr~ L`hl-s i`~lartttaut~ far C-!3~' Ardiel.~~aCt5ai1 CSIO'Ya?at. - Stgned thrs a~ day at x.....__r_ __-_. _ . }1° ___- .__, l 80. ~ r __.ay n etersen ~_____.___.__.___W. STAT??' fJI? NEBRASltA } (ss: sei'°ar~ a Nata~~y Publ _° ~gusil.i i it-+,( Ear :~ai.d Ga+anmv, n•ar- ,r sc~xsdrlly c~l~ c;layt~srl Putersa.lx~tc~ me. k.towrt to }.~, th~•a i.=des3ti.cal pc~rsan wh~7 sign+~d tYte tareyaing i nsLrum;snt and acknawIedgid tite execution theri:af t~.~ b.: his voluntary zct a#rd desad. k}a.tnea>~ Icy Band and Notarial Se,~l an L -E;-~ t ,-,, ... .. 1E180» . „ - ,- -,-._._ _...._. . _... _ _.,., _ .,. . _, a. _ -._ ......_. . C~RS.~.+~h~,t... fit.. ._,~ t+~z ~~sxv f~u~a~~ts= t "Y