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g1...._ ~~t~589~5 REAL ESTATE MORTGAGE Darr Avenue Partnership, a Nebraska partnership, herein called the Mortgagor, in consideration of One-Hundred Twent Three Thousand Dollars ~$ 23 000.00) does hereby mortgage to Home a era avings an Loan sot at3~n of Grand Island, Grand island, Nebraska, herein called the Mortgagee, the following-described real estate in Hall County, and State of Nebraska: One 34' x 72'4" masonry improvement witty partial basement, having three lubrication bays, storage, utslity room, men and women's restrooms, and finished waiting room and office located upon the main floor, together with a large car wash, with the same being located upon real estate described as: Part of the Conestoga North Sixth Subdivision, Grand Island, Hall County, Nebraska, and more paiti~ularly described a$ follows: Commencing at the Southwest corner of Conestoga North Sixth Subdivision, thence North 189.5 feet to the point of beginning, thence 75 feet North, thence 220 feet East, thence 75 feet South, thence 220 feet West to the point of beginning. This Mortgage is given to sec~r_e thed e~ the principal sum of one Hundred Twenty=~l"Yire~~ ~~ r ) and interest thereon, according to a arms o a ter sin romissory Note of even date, executed by the Mortgagor to the Mortgagee, due the 1 st day of ~ December 1OC2001. The Mortgagor further agrees to maintain insurance upon the above-described premises in an amount not less than the indebtedness due the Mortgagee with a loss-payable clause in favor of Mortgagor and Mortgages as their interests may appear. The Mortgagor agrees to pay all taxes and assessments upon said premises and all other taxes, levies and assessments levied upon this Mortgage and the Note which this Mortgage is given to secure before the same become delinquent. In the event the Mortgagor shall fail to obtain such insurance or pay such taxes before delinquent, the Mortgagee may purchase such insurance and pay such taxes or other liens and shall have a lien secured hereby far the amount so advanced with interest thereon at the rate of seventeen percent (17~) per annum, In the event the Mortgagor defaults in the payment of said indebtedness or any installment thereof, or fails to perform any of the other agreements herein, the Mortgagee at its election may declare the entire debt secured by this Mortgage to be due and collectible at once; and may foreclose this Mortgage for the satisfaction thereof, Signed this ~ day of /ijeJ 1981. DARK AVENUE PARTNERSHIP, Nebras~ga/~artnership Sy ~ Pa Hy essner ra er, „~'`-~~~~~ ~itifi[ t--, ay~,~~ , Gener.~l Partne~ By ve arson; General Partner _1_