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81-f)022'~8 REAL ESTATE MORTGAGE JUDITH A. METTENBRINK and RONALD W. METTENBRINK, wife and htis- band, herein called the MORTGAGORS, in consideration of Thirtg~Twt> Thousand Five Hundred Dollars----(532,500•x)---'°, do hereby mor-t- -- gage to RUTH B. BEYERSDORF, herein called the MURTGAGEE, the fal- lowing described real estate in Hall County, Nebraska. Lot Twenty-Five (25) in Black Five (5) in Morris Third Addi- tion to the City of Grand Is- land, Ha11 County, Nebraska, together with all appurtenances and improvements located thereon. The Mortgagors hereby covenant with the Mortgagee and with Mortgagee's heirs and assigns, that Mortgagors are lawfully seised of said premises, that they are free from encumbrance, that Mort- gagors have good right and lawful authority to convey the same, and Chat Mortgagors warrant and will defend the title to said premises against the lawful claims of al.l persons whomsoever. This Mortgage is hiven to secure the payment of the principal sum of ~v32,S00.(}0 and interest thereon at twelve t,12) percent per annum, payable in one lump sum an _;anuary 5, 1982, according to the terms of a certain Promissory Nate of even date herewith, exe- cuted by Che Mortgagors to the Mortgagee. -The Mortgagors shall maintain fire, windstorm, and extended coverage insurance with a mcrrtgal;e clause on the building an said premises in the Sum of ~•32,SCt7.J0 `the Mortgagors agree to Fsav a1I taxes and ~rssessrnents upo» safd premises, Levies and assessments levied upon this Mortgage and Che NnCe ti.•hich this MortgagE> is ;ivAn tes secure before the same become due and delinquent. Ln the event the Mortgagors shall fail to obtain such casualty nsurance :,r Lray Such taxes before delin- quent, the Mortgagee may purchase such insurance and pay such taxes, or other i.iens, and ';hall hz3ve i iiEn secured hereby for the amount so advanced with interest ".hereon, at the maximum legal rata ~,f in- terest allowed by law. Mortgagors may, at their town ~~xpens,~, crake anv alterations or improvements in or on the building rn the premises Chat may deee~ necessary ar desirable t"or their purpose; provided however, that Che alterations or ir,.Yravements shall not diminish Mortgagee's security interest herein. In the e;,=ent Mortgagors make altera- tions ar improvements, Chev shall not permit any mechanic's or materialmen's liens to be imposed ~•r foreclosed ;m the premises. '„ a Mortgagors agree to maintain Che premises and all im- provements thereon i.n good condition at all times during the term of this Mortgage. In the event that the Mortgagors fail to pay the principal and interest when the same became due and such default remains un- remedied for fifteen (.""_S) days after notice; or in the event the Mortgagors fail. to perform any of the agreements contained in this Real Estate Mortgage and such default remains unremedied for thirty f30) days after notice, the ?Mortgagee, at Mortgagee`s election, may declare the entire debt secured by this Mortgage and advances tc be due and collectible at once, and may foreclose this Mortgage for the satsifaction thereof. Signed this ..~_„ Liay cf May, 19b1. -_.w` ~, ~" ~ -~u~ith 'i Mattenu~k ~. ~arialcl iw. ~4>t:tan23r~-nk