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<br />95--000596
<br />- M :ORTGAGE °�" "°
<br />abiu. 3otnturt,.. Mad, anif Exrrutrd this 21st day of January A D 1985
<br />by find Warren Troy Lyon and Mary Lou Lyon, husband and wife,
<br />party of the first part,
<br />and The t rniaha National sank /Grand Island, Grand Island, NE party of the second part.
<br />MITNIESSFTH, that the said party of the first punt, for and in consideration of 1$ 3231.63 1 Three
<br />Thousand Two Hundred Thirty -one and 63 /100------- - - - -°- DOLLARS. paid by said party of tbs
<br />secwal part, the receipt whereof is hereby aeknoule,iged, has granted, bargained, sold and conveyed, and by these presents,
<br />saws grant, bargain, sell and convey, untu said party of the second parr. the following described real property situate In the
<br />County o! Hall and Slide of Nebraska. to -wit:
<br />t 20 Villa Mar Dee Subdivision
<br />City of Grand Island, Hall County,
<br />Nebraska,
<br />taegrther with tell the tenements, heredilamentt and appurtenances to the same belonging, and all the estate, title, dower
<br />right of homestead, claims and demands whatsoever of the said party of the first part of. in or to said premises or any part.
<br />thereof: and eaoi party tit the first part does hereby covenant, that saki party of the first part is lawfully seised of maid prem-
<br />iss. that :+aid i+$.al :isea are tree from incumbnmce and that saldparty tit the first part will warrant and defend the title to said
<br />pu•mis. s .,gain,t the lawful claims and demands of all persons whomsoever,
<br />PROVIDED ALWAYS. and these presents are upon these conditions:
<br />WHEREAS, said party of the first part has executed and delivered to the said party of the second part
<br />promissorynote dated January 21, 1985, in the amount of $3231.63. Repayment to be
<br />made in 23 payments of $158.23 and 24th payment of $158.26 beginning February 21,
<br />1985, and monthly thereafter until paid in full;
<br />and whereas. the party of the flrat part has agreed to keep the buildings, It any, upon said premises, insured in some cam
<br />pane or companies approved by said party of the second part, f or the fun insurable value against lop by fire and windstorm with
<br />extended coverage amt deliver to said party of the second part the policy or policies containing a standard mortgage clause with
<br />the loss payable to said party of the second part, or assigns, and has agreed to pay all taxes and assessments against said prom-
<br />ises before the same, by law, become delinquent, and has agreed that It said party of the first part does not provide such
<br />insurance, or fails to pay all taxes as aforesaid, then said party of the second part, or holder hereof, may pay such insurance
<br />and taxes, or either or them, and all amounts so paid by said party of the second part shall bear interest at the tau of nine
<br />pier cent per annum from the date of payment, and this mortgage shall stand as security therefor, anti mid ruin may be
<br />added to the amount of the mortgage debt, find the same recovered as a part thereof. Now, It the said party of the first pan
<br />shall well and truly pay or cause to be paid the said sum of money in said note.......... - mentioned. with interest thereon accord•
<br />ing to the Won"I. and effect of said nine .. and shaU keep said buildings insured as aforesaid, and shall keep au taxes and
<br />..s.w sments paid. and shall duly keep, and perform all the other covenants and agreements herein cxllained, then these
<br />prose tits to be null and void. But if said sum of money or any part thereof, or any interest thereon. Is not paid when We more
<br />em eIuv, or if said buildings shall not be kept insured as aforesaid, or It the taxes and assessments against said premises are
<br />not Iaid at or before the time the same become by law delinquent, or It said party of the first part shall pall to keep and
<br />poi form anv covenants herein contained the holder hereof shall have the option to declare the whole of said indebtednes due and
<br />sew ±able at any time after such failure or default, and may maintain an action at law or equity to recover the acme, and oho corn•
<br />nn•ncenfent of such action shall be the only notice of the exerc fee of said option required.
<br />AND IT Is FIfltTHER PROVIDED AND AGREED, That the sold Mortgagor shall and will pay all taxes levied upon this
<br />mortgage or the debt secured thereby, together with any other taxes or assessments which may be levied under the Laws of
<br />Nebraska, against the said Mortgagee or the legal holder of the said principal little.. _out account of this YWeblednep,
<br />AND IT IS FURTHER PROVIDED AND AGREED, that he undermtQWed Mormgors covenant and agree with the Mortesgea
<br />that cant, of fife cwndilions for making this loan is that the �ortgaaurs do and wi71 continue to, own sno oc :upti the tea! estate
<br />herrin de.,•rdxd us the prmonal rgivatc dwelUnR of the mortitafms so I,mit as this mortgage and the said nod• srcufed hefebV, or
<br />anv liar? therer.f, remains unpaid. If at anv time. white the mornw�eaae tan in effect and the note for which this mortaaee &%liven fie
<br />a•e't1MV. ,•r unv part thereof, remains unpaid, the underntgned Mvrigallora veil m convey the teat estate herein tsctibir or env
<br />part �r the Wrtpugw% dr, nor have if rase u, haiV title era ears reel eslatr .,r unv Iwrt thrray.l ,•r ,ease to r,ersunally
<br />1h, •,std real oaf rte.^ as the =,n v.,tr dwelling „f the uodermivne•d, then not on anV� ,ueh event.. eh,. M"Itaaiiltrr .nap, al 11%
<br />par. n. 'k, Igor the nnpeui craft,$flat t,alanr.•. ,,not oral, rrai, "f file wale me, uted hen•bv imna hately +due and pavab le.
<br />3n 7wrestimonp Wbtrtot,
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<br />STAS'E 1M , F►dsipHA On this, —, flay of t xra '' ° A. Id, IM 9.,
<br />tmrore nor, a Notary Plibile In and for the .46'14,04inty per,41811y c®alp the above
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<br />.- Notary 1,11611"
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