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<br />WARRANTY DEED <br />KNOW ALL MEN BY THESE PRESENTSi <br />That PHI! LIPPE C, RANEY and PkMELA J. RANEY, husband and wife, <br />hereinafter referred to as. Grantors, -for Gne Dollar<($1.00) and other' good and <br />valuable consideration as more fully set forth below,. do hereby grant, bargain, <br />sell, convey and cdrtfirm unto;BANCO MORTGAGE` COMPANY,-its successors and <br />assigns, hereinafter referred>to as. Grantee, the following described real property <br />in Hall County,-Nebraskay tci-wit: <br />Lot Twelue` (12) in Block Five (5), 'in Bel-Air Addtidn to the City of <br />Grand Island, Hail ~.unty, Nebraska. <br />TO HAVE ANO TO HOLD the above described premises, together with <br />'-atl tenernents, - hereditaments and appurtenances thereto `bebnging unto the <br />Grantee and to its successors and assigns forever. <br />And' the Grantors do hereby covenant with the Grantee and with then <br />Grantee's successors and assigns that Grantors are lawfully seized of said prom- <br />ices; that they'are fro.: from encumbrance except real estate taxes'payab{e'in 1982 <br />and except easements, covenants and restrictions of record; thaf the Grantors <br />have good right. and lawful .authority: to convey the same} and that the 'Grantors <br />warrant ana-wil! defend the title to said premises against the lawful claims of al! <br />persons whomsoever. <br />This deed is an absolute conveyance of life in effect as welf'as inform, <br />and is not intended as a mortgage, trust conveyance or security of any kind. <br />The consideration therefor is the release of liability from that certain promissory <br />note executed and delivered by Grantors. to Grantee on `June 29 1981 in the <br />griginaY'principal sum. of $54;000.00 and secured by a deed of trust from Grantors <br />to Grantee dated June. 29, 1981 and recorded June-29, 1981 in ` he Office of the <br />Register;of Deeds for -.Hail County; Nebraska, as I'hstrument No 81-003403; pro- <br />'vided however, that acceptance of this deed` shall not cancel the,,prornissory note <br />described above, but instead ,;shall .release Grantors from liability thereunder and <br />said deed of° trust shall continue in full force and "effect` until a,release of such <br />''lien is recorded. <br />EXECUTED this ~'r day of ;-{~z4u-z% , 1982. <br />iilippe C. Ran~,7 <br />,_ ,, <br />~~ ~ .1 V ~ ''~~~~ <br />Parr~e J. Raney <br />l~ <br />STATE OF NE6RA5KA ) <br />ss., <br />COUNTY OF '•%:~_L_:_. ) <br />The foregoing instrument was acknowledged before me this day of <br />*_i1 ~~.•~} 1982, by Phillippe C.'Raney and. Pamela J. Raney, husband <br />and wife. <br />4~les4s~lllr ~ Notary ?u5 is--?T <br />LJ <br />I <br />~' <br />