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36, 107096 FIRST REAL ESTATE MORTGAGE ROGER B. WHITEFOOT AND JANET F. WHITEFOOT, husband and wife, MORTGAGORS, in consideration of TWENTY THOUSAND DOLLARS ($20,000.00) received from JAMES F. MINOR, MORTGAGEE, mortgage to MORTGAGEE the following described real estate (as defined in Section 76 -201 of the Revised Statues of Nebraska, 1943) in Hall County, Nebraska: Lot Three (3), Block Four (4), Gibert's Addition to the City of Grand Island, Hall County, Nebraska, as surveyed, plated and recorded. This mortgage is to secure the payment of TWENTY THOUSAND DOLLARS ($20,000.00), and interest from December 10, 1986, at ten per cent (10 %) per annum, payable in monthly installments of TWO HUNDRED FOURTEEN AND 92/100 DOLLARS ($214.92) per month commencing on January 10, 1987, and on the 10th day of each month thereafter for 179 consecutive months, the unpaid balance of principal being amortized over a period of one hundred eighty (180) months according to the terms of a Promissory Note given by Mortgagors to Mortgagee dated December 10, 1986. Mortgagors agree to Day all real estate taxes and special assessments levied and assessed upon the real estate and to pay all other taxes, levies and assessments levied upon this Mortgage and the Promissory Note which this Mortgage is given to secure before payment is delinquent. If Mortgagors fails to pay the real estate taxes or special assessments before delinquent, Mortgagee may pay the real estate taxes and special assessments, or pay any other liens Mortgagors permit to be made against the real estate, and Mortgagee is given a lien secured by this Mortgage for the amounts advanced together with interest at the highest legal rate. Mortgagors agree to insure and keep insured the improvements on the real estate for protection against fire and other casualties in the sum of at least the unpaid balance of principal of the Promissory Note and to carry the insurance with a responsible insurance company duly licensed to do business in Nebraska. The insurance policy is to be endorsed with a mortgage clause with loss payable to Mortgagors and Mortgagee, as their interests appear. Insurance proceeds received may be used to pay for reconstruction of the destroyed improvements or, if not applied for this purpose, may, at the option of the Mortgagee, be applied in payment of all or part of the unpaid indebtedness secured by this Mortgage. If Mortgagors fails to carry the insurance required by this paragraph, Mortgagee may purchase the insurance and is given a lien secured by this Mortgage for the U El