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~1-OUZ5tl~3 REAL ESTATE MORTGAGE Of}I~I,D L. SHL}b,L AND` WILA~i 2+l. SHGLL, husband and wife, herein palled the l~rtgagars, in consideration of TWENTY-SIX TtivuSn~u F~v~:sRirs~lc~ t~33.:.e'~3 {~2~, 3(}t~. a6i r do hereby ma~ga unto MID-COI~TZZdE~T E'~TERPS~T~€S r I1~L'. , a I~ebra~~a corporation, herein called the Piortgagee, the fallowing described reel estate in Hall Ctsuaty, and State of Nebraska: Lot Five (5), Hlock Seven {7), IInit One Continental Gardens. An Addition to the City of Grand Island, Hall County. Nebraska. And the !~srtgagars do hereby covenant with the i~rtgagee and with l~rtgagee's successors and assigns that Ajortgagors are lawfully seised of said preffiisesr that they are free from encumbrance, that liartgagors have gaol right and lawful authority to convey the same, and that Mortgagors warrant and will defend the title to said premises against the lawful claims of ail persons wtsGoever. This Mortgage is given to seczsre the payment of the principal std cf 526,594=~U arsd interest thereon, according to the terms of a certain Prosai sAC~ry *zote of even date,..[ executed b~, _the tyortgagars to the *~lortgageer due the ~`'i day c,+f ,.._.~T°~ t , 19 $ ~ . TI~r± t~rtgagors further agree tc maintain insurance ups: the at~ve described prexssisea in an assount not Less than the indebtedness due the 1+~rtgagee Wins a loss-payable clause in favor of Mortgagors anti l~srtgaclee as their interests may appear. The Martgagars agree to pay a22 taxes and assessments upon said pre~sises and aIi other taxes, levies and asaess- eents levied upon this ~?arsrtgagc and the Note w1:3cis this i~srtgage is gives to secure before tFse saw became delinquent. In the etaeast the rtgagars shah fait. to obtain such insurance or pay such tales sefare deliaczurntr the Mortgagee may purchase such insurance and pay such taxes or other liens and shall have a lien secured hereby for the amount so advac:ced w?th interest therear_ a* the rate of twelve per .°~;± r z 2$ t per as»n:. iri the event of default in the performance of any of the terms and conditions of this t+~ortgage or the Note ~^.:.red by it, the Mortgagee Shall `s3@ efititicd to idiate ~ssession of the property above described and all the rents, revenue and income derived therefro~a during such time affi the Portgage indebtedness zemains unpaid shall be applied by the Mortgagee to the payment of the Note and all other sum secured hereby after deductiats cf any necessary costs of collection. In the event the Martgagars default in the payment of said indebtedness or any installment thereof, ar fail to perform any of the other agreements herein, the Mortgagee at Mesrtgagae's electicsn may declare the entire debt secured by th3.s ~Drtgacclee to ~ due sad crsllect%hle at once: and may farcclose tts%s M~srtgacle for the satisfaction thereof. Sigzs~3 this .e ~ day of ~~s-r~ ~ r i3$:t. _ _ ~~ ~ a L= S ~~ ~tilma !~. S 1 ~°-- ..t_