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<br /> �7' U06397
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<br /> NORTGAGE LOAN NO. �2��g
<br /> j� �il)WALE.lEENBYTHESEPItESENl'S:Tlut Marvin E. Drawbaugh, �r, and Barbara J. Drawbaugh,
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<br /> ' e+�h in his and her own rigbt and as spouse of each other
<br /> ' Mort�or.whether one or more,in eomider�tioa�the srm o[
<br /> Thirty Seven Thousand Seven Hundred and No/100�----------------------------------
<br /> �otLARS
<br /> bswed to t�i8 tonrtp`ot by The Equitsble Buildiog and Luan Auocution of Grand laland,Nebraaica,Mortgagae,upon 3�� slyres of Ka�cic oP
<br /> aid ASSSOCIAITON,CeRifipte No.L 22,869 �I�do hereby grant, convey and mortgege unto the s�id ASSOCIATIOtJ the followinj
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<br /> daeribed roal eWte,Lt�nted in Hatl County.Nebnslca:
<br /> LOT THIRTEEN (13) IN ARGO THIRD SUBDIVISION.
<br /> HALL COUNTY. NEBRASKA, IN TNE VILLAGE OF ALDA.
<br /> tqather with all the tenemeatc,hereditaments and appurtenenoes thereunto belonging,inctuding attuhed floor cowrin�c,all window tcneaac,
<br /> �riadow fha8es,blia�,ctorm windows,awnings,heating,air conditioning,and ptumbing and water equipment and acceuor�s Wento,pumpt,stoMes,
<br /> rofryeratarc,md otlroer tixtures aad equipment now or hercafter atqched to or uted in connectiwn with eaid rerl estate.
<br /> Asd whereas the said mort�agor has agreed and doec hereby agr« ttut the mortgagor shall and will p�y all tsze�and as�emnsnu levied or
<br /> arered upon�id prrmirs snd upon this mortgnge and the bond secured thereby bnfore the same shall become delinqueat;ta furniah rpQrowd
<br /> inuranoeupon the beiildin�s on said premiros dtuated in the sum of S $7�)QQ.QQ payabk to uid ASSOCIATION and to doliwr W ttid
<br /> AS60iC'[A'190N tfie policies tor stid inturanoe;and not to commit or permi[any Waste on or about eaid premiios;
<br /> lw caoe of dafaelt in the performsnce of any of the ter�u and coudi[ionc of this mw[ga`e or the bond aecured hereby,the ntortpyoee ru11,
<br /> oe dem�ed,be entitled to immediste poueuioe of the mortgrged premires and the mortgsgor hereby a9ti`nt, trand'en aad rett wer W ti►e
<br /> antt/y�e�N the rmtt,revenues rad inpome to be derivod from the mortaaged premius during such time rs the mort��e indebtedwas chall rs�f�in
<br /> wyrid:a+ki the mortaagee shall h��+e the power to appoint any agcnt or a�enta it mry desire for the purpore of r
<br /> the�me and ooilecYieg the rcnts,ravenues and income.and it maY PeY aut of said inco� ail expen�es of re ���afid promi�se aed rsatie`
<br /> oominioaa aad expen�ee incur:ed in reati and mana the aame and of collect' ��� ��� �
<br /> ypli�d twvard the d'rcMsr of caid � � u+8 rentala thsrefrom:ths bal�oa rem�iwi�,if�ny,w be
<br /> a� 8e rtwrtgage indebtednea;these rights of the mortgagee may be ezerci�ed at any time dura�g the eziwanoe of�ueh
<br /> de�artt.urespectiwe of�ny temponry waiver of the ssme.
<br /> Tho�e Preemte,however,are upon the Condition,That if the s�id Moregagor stull repey said loan on or beform the a»turity of�icl thares by
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<br /> p�ymont:pY mowthly to arid ASSOClAT10N of the sum spncifiod in the Bond socured hereby as interect and principtl on nid loan.on or bsfon
<br /> Ur Tweatieth d�y of ach aad every month.untll caid losn is Fully p�id:paY ail tazes and aasecamentt Ieviad npinct uid premifec md ae t6u Mort�ye
<br /> rsd the bnd osa�red thereby,before delinquenry;furnish approwed insurance upon the buildings thoroon in the cum of S 37 r 1�.� prysbk
<br /> w aid ASSOClA17�1:ropay to said ASSOClAT10N upon dertund all money by it prid for cuch qxec,asseea�nta and insunnce with int�»�t at
<br /> the nw�ruum letal rate theram frorn date of pay ment all of which Mortgrgor hereby agrees to pay;permit no wute on c�id premiysr IceeP awd oo�p�y
<br /> wiEk aY tha�p�ens�att and oonditioos of the Bond for S 37►��.OQhie day�iven by the srid Mort�ur w nid ASSpCIAT10A1,aad c�ply
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<br /> rtiih aU tlee reqa've�nents of the Conuitution aod By-Laws of said ASSOCIATION;chen tliete pressnts tlull bocoms nuli�wid,othenvir elosy
<br /> i4fM rawrin in fall fora ud may be forecbaed at thc option uf the said ASSpCIAT10N after faiiure For three months to malce sey of ai,d
<br /> p�ysenta a be du+oe months in u�ars in malcia�q eaid monthly paymentc,or to kxp and comply with the agroements�nd�iowt of tiid Bond;
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<br /> aod lbrtp�or a�ee�to have a reuiver appointed forthwith in such foreck�wre prooeedi�s.
<br /> If chex s�ny�e�o�vneaihip af the rcd n[au mort�ed herein,by s�le ur otherwirc,then the entire rom�inia`indebted�w�heesby
<br /> retwd�lud,at the o�tion of The Equi4ble Building md Loan Aeaociation of Grand IsLnd,Nebratla,become immeddi�tely due twd pry�blc without
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<br /> f�tther wtioe.and the am�wnt resyinin�due under nuf bond.and any other boad for my additiond advmces e��de theceuader,dfaY.from the
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<br /> dMe of eme're of rid option bnr iuureu u thc rtnzimum bgal rate.and thic mor[�e auy tl�ew be Coreclo�sd to oati�fy tlr�omn due on nid
<br /> lie�4.a�d aey other bopd for additional dvanaas,weether wich al!wuds p��id by uid The Equi461e Bw7dins aad Loan Araeu[io�of Gra�(Y�nd.
<br /> �ica for i�oe,tazes snd arererontc.aM abnrutins extenoion charges. with iaterost t4eraon. from date ot paymeei �t the�
<br /> Mrd tate.
<br /> Asp�m tlie Bond secured hareby,�vhile[hicmort�e remains in effsct the mortga�ee uuy hereaftm advuwe additioeal wmt w tlr
<br /> �eYcsrs d sud Bo�fd.d�eir a�dp�s or tucceswn in interest.which wmc thatl Ee within the yecurity of this mortsye the same u tlie funds orip�Yy
<br /> rqeed tlrreey.the total amomt of princynl debt not to exoeed at any time the oritirul unouet of tlti�mortiqe.
<br /> o.r.d�s lSt a.y o NoVe�nbeM A.D.,19 7]
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<br /> ' rb�rra J����Fawbaugh,
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<br /> � ������s. oa tl�i. ls t a,y or 110M�Iber 19 77 ,e.ra+..ns,
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<br /> '� -�' the ua�d�ery�d,�Naary lublic fn a�d fa Yid Couaty,��ur a�w� �'�a .
<br /> � Mlrrfn E. i1raM6�a . Jr. a�d 8ar6ara J. Drawbaugh, each in his and her owr+ ri t an� as ,�
<br /> �1� 'o^t eas�'�b�r ''"'i° a re �tao..m
<br /> ,+ +r�.i.M.;�eMk+d�e►oi �P4���� a re ,tnxea w the.bo�e 1o�trumeot.s mayyor s ,� tlley r�.yy � :
<br /> ,`^ ��'�N��� �/�►�' >,�'"o1m�Y aet md aeed.
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<br /> a �T�OF NEB��S �
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