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<br /> STATE OF`NEBftASKA 33787-1-20
<br /> FHA FOKM NQ.2143M This form is used in connec-
<br /> (Rev. May 1976) tior. with mortgages insured
<br /> MOR'I`GAG'Lj` under the one-to fuur-famity
<br /> provisions of the National
<br /> � ��� "O�6�Q Fiousing Act.
<br /> ll' O
<br /> �
<br /> THIS MORTGAGE,made and executed this � day of G�� !/ ,A.D:
<br /> , < 19 77; ,by and between Wayne N. Tipton, a single person '
<br /> i
<br /> � of the County of Aall ,and State of Nebraska,party of the first part,hereinafter called �
<br /> the Mortgagor,and FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF LINCOLN •
<br /> i
<br /> a a corporation organized and axisung under the laws of the United States •
<br /> ,� party of the second part,hereinafter called the Mortgagee,
<br /> 3
<br /> ; WITNESSETH�'1'hat the said Mortgagor,forand in consideration of the sum of T6.�gNTY SIX THOUSAND AND NO/100--
<br /> i ----_------- -------------------------------�ollars(S 26,000.00 ).paid by ihe Mort-
<br /> � gagee; the receipt of'which is hereby acknowledged, has Granted and Soid and by these presents does Grant. Bar-
<br /> i gain, Sell, Convey and Confirrn unto the Mortgagee, its successors and assigns, forever, the following-described
<br /> real estate;situated in the Counry of Hall ,and State
<br /> of Nebtask5.to wir
<br /> ;i Lot two (2) in Block One (1) in H. Bremers' Subdivision, being a
<br /> resubdivision of West 55 feet of Lot Three (3), and a11 of Lots
<br /> � Four (4), Five (5), and Six (6), and the East 16 feet of Lot Seven
<br /> r (7), and the West 44 feet of I,ots Ei�ht (8), and all of Lots Nine ;
<br /> " `(9),' Ten (10), Eleven (11) and Twelve (12} of Block One (1) of ?
<br /> � First Artistic fiame Addition to the City of C*rand Island, Hall County,
<br /> .� Nebraska. '
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<br /> 1 of the Sixth Principal Meridian,containing in all eity property acres according to Govern-
<br /> � mentsurvey:
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<br /> � , TO HAVE AND TO HOLD the premises above described,with all the appurtenances thereonto belonging and including
<br /> w all hza[ing,plumb"ing and lighting fiztures and equipment now or hereafier attuched to or used in connection with said real esta[e
<br /> j umo the Mortpagee,and to its successors and assigns,forever.The Mor[gagor represents to,and covenants with,the Mortga-
<br /> s.` gee,Sha[the Mortgagor has good right ro sell and convey said premises;that the>•are free from encumbrance;and that the
<br /> � Mortgagor will warrant and defend the same against the lawful dxims of all persons whomsoever,and the said Mor.gagor here-
<br /> ; by relinquishes all rights of homestead,and all martial rights,either in law or in equity,�nd aIl uther contingen[interests of the
<br /> F � Mortgagor in and to lhe above-described premises,the intention being to cnnvey hereby an absolute�itle,in fea simple,includ-
<br /> k ing alfrights of homestead,and other rights and interests as uforesaid.
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<br /> � PROV lI3ED ALWAYS,and these presents are executed and delivered upon the following conditiom,to wit:
<br /> � 'i The Mortgagor agrees[o pay to the Mortgagee,or orde�,the principal sum of�NTY SIX THOUSAND AND NO/100---
<br /> a --------------- --------------------Dollarn(5 26,000.00 ),with interest trom
<br /> @ date at the rate of eight and one half per centum( g 5p "/�)per annum on
<br /> the unpaici balance uniil paid.The said principal and interes[shall be payable at the office of FIRST FEDERAL SAVINGS AND
<br /> t LOAN'ASSOCIATION OF LINCOLN
<br /> ��Li:ncoln, .Nebraska ,or at such other place as the hotder of
<br /> j the note may desi�nate in writing,:n monthly installments of �ao Hundred Nine and 56/100-----------------
<br /> �, Dollars($2�9-5( ).commendin�on the first day of
<br /> August , I977 ,and on the first day ot each month thereafter until the principal and in-
<br /> [erest are fully paid, excep[ that the final payment of principal and interest, if not suoner paid, shall be due and
<br /> payable on the first day of Ju1y 2002 • :atl according ro the termti uf��certain promis-
<br /> sory note of even date hercWith executed by the said Mortgagoc
<br /> ; The Mortgagor in order more fully to protect thc security of this Mortgage,agreer.
<br /> �
<br /> y, l. That he will pay the indebtedness,as heTeinbefore provided. Yrivilege is reserved to pay the deht in whole, or in an .• � , n„�
<br /> � amount equal to qne or mure monthly paymenis un the principal that are nex�due on the nute_on�hz tirst day of any month : _ -� . „
<br /> prior to maturityr Provided,hnwever,That written nntice of an intentian Ya esercise such priv":iege is given at least thirty(30) � � a�,w
<br /> � days prior to prepayment. 2'' � �k;�•
<br /> �_,' �a�
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<br /> ;�? 2. Thal,zogether with,and in addition to,the monthly�ayments of principal and interest payable under the terms of the r
<br /> ; .i.
<br /> note seCured fiereby,the Mortgagor will pay to the Mqrtgagee,on the first day of each month until the said note is fully paid,the �'
<br /> fallowing sums: j , �
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<br /> !al An amount�sutficienl.tu Orovide ihe iwldcr hercof with.funds ro�pay She�ext mort@�t it.�urancc premium if this fnstrument and the nnte sccurcd hereh�� ., �
<br /> �a�e insurcC�,ora monthly chruge:(in heu of a��mortgage in5uranee premiuml it Ihey art Mld by the Secretary of Nousmg end UrPan lX�•elopmem.aa fol- . - �
<br /> .�� lous• �� . � . . . . . . . .
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