|
� �
<br /> � ^ �
<br /> 77- 006683
<br /> ��
<br /> � AIORTGAGE LOAN NO. L 22$QQ^ �
<br /> � ; �tow�u.��r+s�rrttEsetnesEtars:'rnu Marvin E. Drawbaugh, 5r, and Mary J. Drawbaugh, each in ��;
<br /> hts and h�r awn NighL and as spouse of each other
<br /> $!YlA�!#!ff T�10USaCb and No/100-' �'��"_'—'_'�_"'__ Mortpsor,whatha-oaeo-more_fncomidontbnoft6ewmaf
<br /> ' -11U�.LARS
<br /> loMed an pJd moet�or by The Fquihbk BuildinQ and Lwn Auocution of Gnnd[aland,NebraYca,Mortgagee,upon �ir�up of stoalc of
<br /> uid A�OCIATION.Certiticsta No.L 228� .do hereby grant, convey and mortgsge unto the said ASSOCIA710N We foNo�rto�
<br /> dekrib+�i raYl eWte.tituatsd ia Halt County.Nebndca:
<br /> LOT TWENTY EIGHT (28) IN ISLAND ACRES NUMBER 7, A SUBDIVISI�I
<br /> OF PART OF FRACTIdNAL SECTION SEVEN (7). PART OF THE WEST � OF THE WEST �
<br /> OF SECTI�I EI6HT (8), AND PART OF LOT TWENTY FOUR (24), ISLAND ACRES, ALL
<br /> IN TQMfNSHIP ELEVEN (11) NORTH, RANGE NINE (9), WEST OF THE 6th P.M., IN
<br /> THE CITV OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br /> � with �II the teneenentt,haroditrments and appurtenanoes thereunto belonging,including attached itoor aoverutjt,aU window r�t,
<br /> vi�Aow tludet.biiods.ctortn windows,uv i< r,
<br /> nings,heating,air cunditioning,and plumbing and water equipment�nd acceaories themto,pumpa,sWve�,
<br /> refri�enmra,aad otfier fixturos end u�uipment now or hereafter atcached to or used in connection with uid real estate.
<br /> Aad�rhsross tde did mort�y{or hrs ayeed tnd does hereby agree that the mortgagur shall and wil! pay ell qzes and auer�eab bried or
<br /> awsrd rpnn uid premiees snd upon this mortpQe and the bond aec� d �e,,[eby be of re the tame�tull become delinquent;to furnith apprwesd
<br /> imnqom upon the buildia�t oa said premi�ec situated in the swn of S 1�,�W.UD payabb [o eaid ASSOCIATION aad to delira W uid
<br /> ASSOCIA170N tbe policiot for nid i�xurance;and not to oommit or permit aay waste on or about aaid premues;
<br /> 1�cue of de[ault in ehe performance of aay of[he ceruu and conditione of this mortgage or the 6oed recured hertby,tLe reort�s du�, '
<br /> w Qnr�d.be ewtitLd w i�aerodiete pos�etcioa of tlm mortgrged premires and the mortgasor hereby awy�ns. tnmf'an and �ett wmr !o tl�e �
<br /> ��II the eeeu,mKwwc and income to be derived from tl�e mort�aged prcmises durir►g cuch tirne n the mort�e indebted�thag naaW
<br /> w�d:awd tAe nortyyee�6a11 have the power to appoins any agent or agea�ts it may daire for the purpore of ropairia�asid prenei�st apd raetie�
<br /> a id tie�
<br /> M�e re�e aod aollecsin{tde�eett.reMenue�and iocome.aad it rtuY pay uut of nid income at� expensos ot mpairia`aed premi�et and owswry
<br /> oo�airiciet aad r�eurrod in renting aad mana�the aama and oP colkcting nntalt therefrem;the balwce rnnfi�,if W be
<br /> ri
<br /> �rd towud the� '�r�.e of nid mwt�e indebtedneas;these righu of che mortgsg«may be exerciaed at�ny[im duriug t6e exialte p o[a�
<br /> xia
<br /> fi�k.oserpsothr o!aey teirporary w�iYer of tl�e an+e.
<br /> Tf�e�o M�snts,howorer,ue upon the Coadition,That if the uid Mortgagor shall repey said loan on or bsfore tha maturity of nid�barot by
<br /> pry�t;pay aonthty a c�id ASSpClA710N of the sum�ecified in[he Bond secured hereby u interest and princip�!oa nid loae,on or b�fore
<br /> 1Ye Tw�etfi day of tach and every month,untii sfid ban is fuliY P�:PeY al!taxes and�uecwnents kvied againat uid pramiret a�oa tAit Moreyro
<br /> �A dr�oed secwed tfiereby.befwe delioQutncy;fumi�h approved inwranoe upon the buildinss theraoa in the sum of S 1���QQ.QQ p�yable
<br /> b tai�AS60CIA17�1:ropry to said ASSOCIATfON upon demond all moKy by it paid for such tazes,asseuments aad ineur�writh interceR u
<br /> tlr arxi�n Ypl nte thereon from dau of pay�went all of W hich Mortjs�or hereby aarees to pay;permit no waua on�id pamirs;lceop uW oomply
<br /> �iM aM tie�nssmeats�ad canditions of tfis 8ond for S 17��.� this day given by the sairl Mortp�or to uid ASSpCIATION.�ad cumpiy
<br /> ad
<br /> vi��M tlr�oaents of tAe Coeuieution u�d By-l.aws of�aid ASSpC1AT10N:then theae pre�ena shall becomr null and void.otherwi�e tt�sy
<br /> �Y eew�M in fuN foroe aw�m�y be foreclo�el u the option of the eud ASSOCIATION �fur failure for three months to m�lce wy of cyid
<br /> 0
<br /> �nes m bt tlmese nnaths in uroars in mvcia�aoid monthlY WYmente,or to Iceep and comply with the a`reementc aad oonditia�s of�aid Bond:
<br /> aid
<br /> ad 1Mr!/yor�aes to luv�e a roceiv�a�pointed forthwith in wd�forocloawe proceedings,
<br /> Ef tlrro i�my cArye ia ownenYip of the roal estate hereia,b nle or otherviae.thea tht entin
<br /> �R[Med Y rom�iain�mdabbdpeu Irroby
<br /> •pie�d i�ll.�t tMe oqtion of The Equitabk Bui�n�aud l.oan Auocutioa of Grmd ifisnd,Nebratica.beco�m immedirtely due�ed p�yd�le witlwtK
<br /> E�rtwer�otioe,ud tlie �nnw+t rortuiwin6 due undet uid bond,:nd eny other bond tor any additional adw�cet mada themundnr,ahall,f�a tLe
<br /> iM�af eaad�s of nid option bev int�re�t at the m�zimum bpl rate,aad this nwrt�a�e may then be fomdord w uti�fy the imoumt due oa aid
<br /> M�/.a�!aey atier 6aw1 Por�dditioarl aMsnoea.tqet her witlf al!sums p�id try said The Equibbk Buildia�aid Loan Aroai�tion of Grand ifdod,
<br /> Nrhrdc�tor i�raa�oe,taxes�ul u�ent�.awd aMtrutin�exteetion charges, with intemt tlwreon. froai date of
<br /> �� p�y�eene at tFro m�fci�s
<br /> M �w tl�e Sa�d�ecired huebY.w�hik tAu aeorttaser rem:ins in ePfect tfie mortp�ee may h�edter�dv�noo�ditiond wmt to t6t
<br /> � h
<br /> �es d�nA Bood,tlrir a�i�es or wocoarus ia inleraU.whirh tuan sh�ll be within the�oeurity of tiw mortpOe tife tame u t!u fuedr o[ipedty
<br /> arewad ti�e�y.fietoyj�Meret of prieropd dert not to ezoeed tt�ny titee U+e wi�wal amount af this mortwe.
<br /> L1MritYlr fi4at, � NOYEI�l1' A.D.,19]�
<br /> j �+�l1FON !
<br /> �
<br /> ''
<br /> � !�'Al�C!�A,�
<br /> '� aaur�lr'aFNn�s ` o•+� 14th. my�t' Nove+eber i977 .eerw.m., ,�.�,_y.
<br /> fi � tlr red�niped.�Notuy Pubik ia uM for oid Comey.p�noa�tly aw �
<br /> ` �'� �� ��!'� 'vt,'
<br /> �"MM �. Orw�1ar�. Sr, and M�ry J. DrarbaugA, eacM in fiis and htr ht e
<br /> .�r..�.+� ��
<br /> .rl.wi.Mwr.�r.e.6 .�ia..... s ar"�R dleh�.a w nb.bou.i�t,+�t..n,aeoyo�s wa they ....i.ry
<br /> �:v riw�i is+W Irrwrrt M 1r� tllli T rot�nqq•tet md deed. � l �"
<br /> ��{, �+�lriedfwdlleR�l3eNthedstrdome�dd. ��,a „''"""
<br /> " 4.. � .. ...
<br /> ,� ,MMti w.t�t.l�pwt G
<br /> ; CorR.Lr+�w.7:.x�79 �I�-� �''Z. / 7 xot«..
<br /> � y � �
<br />
|