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<br />MORTGAGE
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<br />MON.l'GAttF. LOAN NO, HI 996 FHA
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<br />KNOW All MEN BY TIlESE PRESENTS: Thl\t Toctd ~~. Swart7.baugh and Charyl l. Swartzbaugh, each in
<br />his and her own right, and as spouse of each other,
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<br />Mortpaot. whether ODe or mare. ill c:onsideqtJon or the IUIII of
<br />Nine Thousand Nine Hundred Ninety Five and no/l00 -------------------------------- DOULARS
<br />Iouod to .... mDIlpIor by The Equitlblc Buiklin& and Loan AsIoriation of Gran4II1and. Nebmb. Mort&tIoe. upon 100 IhIm of Itoclt of
<br />laid ASSOCIADON. Certifate No....X 896 FHA do he.n:by &fIJ1t. ~nvty and mortpac unto the aid ASSOCIAll0N the followint
<br />delcribed raJ estate. situated in Hall County. Neb"":
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<br />Lot One Hundred and Six (106) of BuenBvista Subdivision, in the City of Grand Island, Hall
<br />County, Nebraska,
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<br />tOFtbet witb aU ibe I.eXmcnts, ~tamenis. W. appUJ1cnances thercunto belonging, includinl at..ched floor ~\'eriDp. aU wiDdow tcreena.
<br />window stIa4ct. bliiKb. starm ~i~1.\ ~ aWlliJl&$. Maling, air conditioning.ind plumbint uut ~~er equipment and acccaories thereto. pumps,1t0Wl,
<br />refriFr&f.om.~ Ut!J,e, [LUut.e5 &J:l'J: eq,~t oow 01 hereafter attached to or used in oonnect..ion with said ,.cea1 estate.
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<br />And Whcrea$ tfK $f.id mortPSOr has agr=d Ind does hereby 'Pee that ~ the mortgagor shall and will Pay all taltca ancl.......JI.. Icried or
<br />-" ..........;d _'1'..,,' " - - - 4-.0 ........ ...... --~ -_... ...- "_A -_.--' '''n' '. 10_1"- .1.- _ _.. L..-....-...... .....s:..-_.. ... 0'.-.t...L ..
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<br />inIunna: upoo the buihiinp on said prcmiEs situated in the sum of S 9,995. 0 payable to said ASsocIAnON aad to dcJiwr to IIid
<br />ASSOCIADON the policies COI said inw.rance;and not to commit or permit any waste on or about said prcmiles;
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<br />In ClltC of default in the perfOnnaJlce: of any of the tcnm and conditions of this mort8J3e or the bond ICaued hereby. tile morlJIIeC 1haD,
<br />on demand. be entitlcd to immediate poueSon of the mortgaged premises l/J1d the mortBJlOr hereby assips. tmuCcn and ets ower to the
<br />mortJIIee all the remit, reYCnucs and income to be derived from the mortgaged premises duriD& such time u the IIIOft&IF indebtednesa sbaU mDIiII
<br />UIIpIid; and the mo~ W1I bavc the power to appoint any azent or azents il. may desire for the purpo3C of rcpairina said premiIes and rmtJna
<br />the same and ~UectinC Ote rents. rcvenues and income. and it may payout of said income all expeJlJCS oC repairiIIa aid premiIes and necesary
<br />commlllioos and expenses incurred, in rentinz and rmnaginz tbe same and of collecting rcttt:a.l$ therefrom; the balance reJMiDhls. if any, to be
<br />apptied toward lhe ~ Df ~ mortRC indebtedness: these ri~tI of the mortgagee ~)l buxerc:iJCd at any time d.uriDc the existcacc of such
<br />defaull. iJrespcctNe of 1ft)' ~:waiVer of the same. .' .' . . . '.
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<br />Thete Prelents. b:nIreYi:t: aiIi Upon the COnWtion. That if the said Mortgagor WII repay said Joan Q~ or; before cbc maturity of Slid shares by ,
<br />payment; pay monthl]\ to said ASSOCIA nON .o~tt~ $UJIJ spedfied in the Bond secured hereby as in~ md. prindpaJ on said loan, 00 or befcxe
<br />the Twentieth day of each and every montb. until' wd loan is fully. paid: pay all taxes and aUCDlllCl1ls levied apiI:isS said pn:mDcs and 00 this MortJIF
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<br />and the Bond sccwcd thereby. before delinquencY: furnish appfum inswanc:e upon the buildings thereon in tl\JF: sum of$ 9,995.00 payable '.
<br />to said ASSOCIATlON~ repay to said ASSOClAnQN I1pon demmd all money by it paid for sud1 WlCS. asScsrmeols and iDsuraJIcc with laterat at .
<br />the maximum IcgaJ rate thereon from date of paymmtall of which Mortp&or !weby :wees to pay; permit 00. w.IStC on aid premiles;kcepud comply
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<br />with aU the ageemcl!.t$:lOO conditions of thc IIond.liJr$ 9,995.00 this d.t.y given by the said Mort~r 10 said ASSOClAllON,_.compIy
<br />with all the requireJnCnts of the Constitution and Bybwsof said ASSOCIATION; then Ihese prClCllls shall become nuD and void, othe:r:WiJe ~
<br />IhaII remain in fuD force and ffi1Y be foreclosed al the option of tbe said ASSOCIATION after failwe for three months to lIIIke aaycf .mid'. .
<br />S-yments or be three monlhs in aflNIs. in making said monthly payments, or to keep and camply with the I&JCCIDCIltl and conditions of ~.3r'.mr; \ '.
<br />and Mortgqor ap-ccs to have a leceivr:r appointed forthwith in such foreclosure. proceedings. '. .' ,
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<br />. If lhere is any c:ftt.!'F in awocnhlp of the real estate mortpacd herem. ~. saIc or otbcrwilc. then the entire rcmaiDin& iDdcbtecfiral hereby
<br />scWred 1haD, at the optioD'oflbc Equillble Buildiq; IIId Loan ASIOciatioo ofG'rancllsland.Ncbrub,beoome immediately due udpayalllc without
<br />. .. fbdhcr ooticc, and tbe amouIIt remainin& due W'ICIcr said bond, tm1 any other bond (or any additional adftnceI made thmuncIa,lIIalI. fium the
<br />~ or ~c:iIc of said optioa, bear Interest at the muimum 1cpJ, ab:. and this IDOI'IPF mI)r then be foredoacl to atilfy the amouat clue on IIid
<br />boDtl.andany other bond for addititmal advances. ~ther wjth~lhums paid by said The. E4~1e BuiIdiaa aad LoaD ~tioo of Gwad 1sIaacJ,
<br />NebnIb for iDsurmcle. taxes and UleSlJDl!nl$. and absIractiq cxteftSiOa dwp, with iI'ltcn:st therCOD, from date of payment at the ....u.nwn
<br />IepJ rale.
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<br />As proftded in the Bond KaUed hereby.; ~ this mortPBC remains in effect Ihc mortp&ee may hereafter advance: additional sums to the
<br />make.. of saiclBood, their assipu or SuccestOfSirJ ir..terrst, which sums shaII be within the lCCurily of this mortJl&e the same u the funds o~
<br />~ thereby. the total amount of principII ~bt.not to exceed at any time the original amount of this mortpp.
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<br />OIled this 27th day of. December A. D., 19 88
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<br />Cheryl L. artzbaugh
<br />STATEOFNEBRASKA,I i'.
<br />COUNTY OF .fALL ~
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<br />day of December
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<br />19 88 . before me.
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<br />On this 27th
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<br />the undcrsigled, a NolaJ)' Public in and (01 said County, penooallyClJlle
<br />Todd W. Swartzbaugh and Cheryl L. Swartzbaugh, each in his and her own right. ana as spouse
<br />of each other, who are pe~naIJy known to
<br />me to be lhe idtntica.1 penon s . Wh01e IllJne S are Imlt~ffto the above in1trumenl as rnoJtgagol S and they stYeraUy
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<br />acknowkcJ~ lhe saJd irnllUmenl 10 be their voluntvy :ul and dud
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<br />::~:~l:::}~L1;:p::~ Notall8l Seal the date afUle~Jd . f" : / '.
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