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60-101492 <br />4 <br />REAL ESTATE MORTGAGE <br />KNOW ALL MEN BY THESE PRESENTS: <br />That RICHARD E. STEPHENS, JR. and BARBARA G. STEPHENS, his <br />spouse, each in his and her own right, residing in Hall County, <br />State of Nebraska, hereinafter referred to as "Mortgagor ", in <br />consideration of all Mortgagor's indebtedness, liabilities and <br />obligations to FRANK E. GALLUP, of Hall County, State of Nebraska, <br />hereinafter referred to as "Mortgagee ", now existing or hereafter <br />incurred, and other valuable consideration in hand paid, do <br />hereby mortgage unto the Mortgagee the following- described real <br />estate situated in Hall County, State of Nebraska, to -wit: <br />The Center One -Third (1/3) of Lot Two (2) in <br />Block Sixty -Five (65) in the Original Town, <br />now City of Grand Island, Hall County, <br />Nebraska; and <br />The Easterly Two- Thirds (2/3) of Lot Five (5) <br />in Block Fifty -Six (56) in the Original Town, <br />now City of Grand Island, Hall County, <br />Nebraska; and <br />The Westerly One -Third (1 /3) of Lot Two (2) <br />in Block Sixty -Five (65) of the Original <br />Town, now City of Grand Island, Hall County, <br />Nebraska, being also known as the Westerly <br />Twenty -Two Feet (W 22') of said lot. <br />This Mortgage is given to secure the payment of the principal <br />sum of Three Hundred Ninety Thousand Four Hundred Thirty -Seven <br />and 12/100 Dollars ($390,437.12), plus accrued interest of <br />Seventy -One Thousand Four Hundred Ninety -Four and 32/100 Dollars <br />($71,494.32) to December 31, 1985, for a total amount of Four <br />Hundred Sixty -One Thousand Nine Hundred Thirty -One and 44/100 <br />Dollars ($461,931.44), represented by the following Promissory <br />Notes, plus interest from December 31, 1985, thereon according to <br />the terms of said notes and any and all extensions, renewals, <br />modifications or substitutions thereof: <br />(1) Promissory Note, dated November 22, <br />1983, in the principal sum of Two <br />Hundred Forty -Seven Thousand Five <br />Hundred and No /100 Dollars ($247,500.00); <br />(2) Promissory Note, dated October 29, 1984, <br />in the principal sum of Seventy Thousand <br />and No /100 Dollars ($70,000.00); <br />-1- <br />L � <br />u <br />