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<br />PURCHASE MONEY REAL ESTATE MORTGAGE
<br />Lynn A11en Weaver and Janett K. Weaver, husband and wife, each in his
<br />and her own name and right and as spouse of each other, Mortgagors, in
<br />consideration of SIXTY-FIVE THOUSAND SEVEN HUNDRED THIRTY-NINE DOLLARS
<br />THIRTY CENTS ($65,739.30) received from Mortgagees, mortgage to Garth O.
<br />Heasly and Evelyn M. Heasly, husband and wife, as joint tenants and not as
<br />tenants in common, Mortgagees, the following described real estate situated
<br />in Hall County, Nebraska:
<br />Lot One Hundred Fifty-Six {156) in West Lawn Addition to the
<br />City of Grand Island, Hall County, Nebraska, as surveyed, platted
<br />and recorded .
<br />subject to restrictions and easements of record.
<br />This Purchase Money Real Estate Mortgage is given to secure the
<br />payment of the principal sum of Sixty-Five Thousand Seven Hundred
<br />Thirty-Nine Dollars Thirty Cents {$65,739.30) and interest from January 1,
<br />1983, at twelve (12) percent per annum, the principal and interest being
<br />payable in monthly installments of $723.85 per month on the lst day of
<br />each month commencing February 1, 1983, and on the 1st day of each month
<br />thereafter for two hundred thirty-nine {239) consecutive months, repayment
<br />of the principal and interest being amortized over a 20-year or 240-month
<br />period, as provided in a Promissory Note dated January 1, 1981, for which
<br />this Mortgage is given as security.
<br />The Promissory Note provides that time is of the essence of the
<br />Promissory Note, and if Makers fail for a period of more than thirty (30)
<br />days to pay any monthly installment payment when due, the holder of the
<br />Promissory Note is given the option to declare the Note immediately due
<br />and payable without notice or demand. Upon default of any monthly install-
<br />ment of principal and interest when due, the unpaid monthly installment of
<br />principal bears interest at the highest legal rate until paid.
<br />Mortgagors agree to insure the improvements on the real estate for a
<br />dollar amount at least equal to the unpaid balance due and payable on the
<br />Promissory Note which this Mortgage secures, protecting the improvements
<br />from fire and other insurable physical damage hazards, loss, if any,
<br />payable to Mortgagees and Mortgagors, as their interests appear. Mortgagors
<br />are to furnish Mortgagees with a certificate of insurance evidencing the
<br />insurance on the improvements.
<br />Mortgagors agree to pay all taxes and assessments upon the real
<br />estate and all other taxes, levies and assessments levied upon this Mortgage
<br />and the Promissory Note which this Mortgage is given to secure before
<br />payment is delinquent. Tf Mortgagors fail to pay the taxes and assessments
<br />before delinquent or insure the improvements on the real estate as required
<br />by this Mortgage. Mortgagees may pay the taxes and assessments or other
<br />liens, obtain and pay premiums for the insurance on the improvements on
<br />the real estate, and are given a lien secured by this Mortgage for the
<br />amounts advanced with interest at the highest legal rate.
<br />If Mortgagors default for a period of more than thirty (30) days in
<br />payment of any monthly installment of principal and interest, or fail to
<br />gerform any of the other agreements in this Mortgage, Mortgagees, at Mort-
<br />gagees' election, may declare the entire debt secured by this Mortgage due
<br />and payable at once, and foreclose this Mortgage for the satisfactien of
<br />the total amount due. /
<br />Dated: ~~ 198 .
<br />~ _._~..
<br />Lyric A en Weaver (Janett K. eaver
<br />STATE QF ?~ESRASKA, CO9NTY OF HALL:
<br />The foregoing instrument was acknowledged before me on ,--r~.....~--~., ,°y ,
<br />198 3 , by Lynn Allan Weaver and Janett K. Weaver, husband and'wi e, each
<br />in hi~i and hex own name and right and as spouse of each other, Mortgagors.
<br />ota Pu a.c ~OgI1D~dJM+
<br />!Il ii~a ~l- f~Y. b iMf
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