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<br />REAL ESTATE MORTGAGE
<br />e THIS MORTGAGE, made the 7'h day of May, 2002, between JEFFREY C. DRAPER AND
<br />FRANCES H. DRAPER, husband and wife, of 1730 Courtyard Lane, McDonough, Georgia 30252,
<br />hereinafter referred to as "Mortgagors ", and HAROLD D. DRAPER, JR.,and E. Jeanne Draper,
<br />husband and wife, of 311 North Colony Drive, Apartment 2, Saginaw, Michigan 48603, hereinafter
<br />r ^ferred to as "Mortgagees,"
<br />WITNESSETH:
<br />That the Mortgagors mortgage to the Mortgagees land situated in the City of Grand Island,
<br />County of Hall, and State of Nebraska, described as:
<br />Lot 9 and Lot 10, Block 54, Charles Wasmer's Third Addition to the
<br />City of Grand Island, Hall County, Nebraska,
<br />hereinafter referred to as the "Premises."
<br />Togetherwith all privileges, improvements, rents and profits, easements, hereditaments and
<br />appurtenances thereunto, now or hereafter belonging, or in anywise appertaining, and all buildings,
<br />other structures and fixtures now or hereafter situated on said Premises, to secure the performance
<br />of the covenants hereinafter contained to the Mortgagees arising out of a Promissory Note of even
<br />date hereof.
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<br />Mortgagors further covenant to make all payments due Mortgagees promptly and to pay
<br />when due all taxes on the Premises and keep all buildings on the Premises adequately insured
<br />against loss or damage, including but not limited to, loss or damage by fire and windstorm. Each
<br />policy evidencing such insurance shall contain a standard mortgage clause, and provide that loss
<br />shall be payable to Mortgagees as its interest shall appear at the time of the loss, and shall be
<br />delivered to Mortgagees.
<br />If there be default in delivering any insurance policy or in the payment of any tax,
<br />assessment, insurance premium, or liens required to be paid by Mortgagors, the Mortgagees may
<br />pay the premium to secure such insurance policy, or pay such assessment, taxes or liens required
<br />to be paid by Mortgagors, and any amounts so paid shall be added to the indebtedness hereby
<br />secured and be immediately payable to the Mortgagees.
<br />In case of default in any obligation of Mortgagors to Mortgagees or in any covenant
<br />contained herein, all or any part of the indebtedness shall, at the option of Mortgagees, become
<br />immediately due and payable without notice or demand.
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<br />e THIS MORTGAGE, made the 7'h day of May, 2002, between JEFFREY C. DRAPER AND
<br />FRANCES H. DRAPER, husband and wife, of 1730 Courtyard Lane, McDonough, Georgia 30252,
<br />hereinafter referred to as "Mortgagors ", and HAROLD D. DRAPER, JR.,and E. Jeanne Draper,
<br />husband and wife, of 311 North Colony Drive, Apartment 2, Saginaw, Michigan 48603, hereinafter
<br />r ^ferred to as "Mortgagees,"
<br />WITNESSETH:
<br />That the Mortgagors mortgage to the Mortgagees land situated in the City of Grand Island,
<br />County of Hall, and State of Nebraska, described as:
<br />Lot 9 and Lot 10, Block 54, Charles Wasmer's Third Addition to the
<br />City of Grand Island, Hall County, Nebraska,
<br />hereinafter referred to as the "Premises."
<br />Togetherwith all privileges, improvements, rents and profits, easements, hereditaments and
<br />appurtenances thereunto, now or hereafter belonging, or in anywise appertaining, and all buildings,
<br />other structures and fixtures now or hereafter situated on said Premises, to secure the performance
<br />of the covenants hereinafter contained to the Mortgagees arising out of a Promissory Note of even
<br />date hereof.
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<br />Mortgagors further covenant to make all payments due Mortgagees promptly and to pay
<br />when due all taxes on the Premises and keep all buildings on the Premises adequately insured
<br />against loss or damage, including but not limited to, loss or damage by fire and windstorm. Each
<br />policy evidencing such insurance shall contain a standard mortgage clause, and provide that loss
<br />shall be payable to Mortgagees as its interest shall appear at the time of the loss, and shall be
<br />delivered to Mortgagees.
<br />If there be default in delivering any insurance policy or in the payment of any tax,
<br />assessment, insurance premium, or liens required to be paid by Mortgagors, the Mortgagees may
<br />pay the premium to secure such insurance policy, or pay such assessment, taxes or liens required
<br />to be paid by Mortgagors, and any amounts so paid shall be added to the indebtedness hereby
<br />secured and be immediately payable to the Mortgagees.
<br />In case of default in any obligation of Mortgagors to Mortgagees or in any covenant
<br />contained herein, all or any part of the indebtedness shall, at the option of Mortgagees, become
<br />immediately due and payable without notice or demand.
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