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<br />84~-~~" 0015 ~~. <br />--2-- <br />This Promissory Note is to be secured by a mortgage <br />from the Payer to the Lender which is attached- heretts.-arid made <br />a part hereof. <br />This Promissory Note is to .be secured by a mortgage <br />from the Payor to the Lender on the following-described'?-real <br />estate: <br />Lots Seven (7), Eight E8), and Nihe (9'? <br />in Slack Nine (9), in Westview, arh adddtion <br />to the City of Grand Island, Hail County,. <br />Nebraska. <br />A copy of the mortgage is attached hereto and made a patrt of <br />this agreement, <br />It is further understood and agreed upon try the <br />respective parties that upon payment of One-Third of the total <br />principal due and owing the Lenders ($6,657.67), the Lenders <br />hereby agree to release as security the fallowing described real <br />estote, to-Wit: <br />Lot Nine (9}, in Block Nine (9), in Westview~ <br />an addition to the City of Grand Island, Hall <br />County, ?3e;;raska. <br />It is further expressly agreed by and between the <br />respective parties that in the event Elaine J. Luth, her heirs <br />or assigns, elect's to sell any of the previously described real <br />estate to be secured by this agreement, the Lenders will release <br />said security canc4itianed upon the placement of the proceeds <br />in an escrow account equal to the principal amount due and owing <br />the Lenders at that time. <br />It is further expressly agreed by and between the <br />respective parties that in the event the Payors default on this <br />Nate and the Lenders proceed on a foreclosure an the previously <br />described real estate, the Lenders Will in fact resell the following: <br />i the amount Qf $6,557.67. <br />~3~FtNIc~ YANOS~ALL ,1ERRY Lt3Ti- ,;~s <br />7 <br />WAYN ANO: iJ 11.L ~G ~ F,LASNF.. ,T . t,t ~~ ~~~ <br />~ - . + taw k .~~~~ 4 f~ <br />