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<br />This form is used in connec-
<br />Lion with mortgages insured
<br />MORTGAGE under the one- to four-family
<br />provisions of the National
<br />Housing Act,
<br />,, 06137368
<br />,'u'
<br />THISMORTGAGE, made and executed thi, ~ [h day of Sanuary ,A.D.
<br />1983 .by andbttwten pennis J. Carroll and I3iane K. Carroll, husband and wife
<br />of the County of Hall ,and State of Nebraska, party of the first part, hereinafter called
<br />the Mortgagor. and
<br />COMMERCIAL FEDERAL SAVINGS & LOAN riSSOCIATI4N
<br />a corporation organized and existing under the laws of Nebraska
<br />party of [[te secnnd part, hereinafter called the Mortgagee,
<br />WITNESSETH: That the said Mortgagor, for and in consideration of the sum of FORTY SEVEN T1~OItSANI)
<br />FOIIR HUNDRED and 00(100 Dollars ($ 47 , 400.00. ), Paid by the Iv1ort-
<br />gagee, the receipt of which is hereby acknowledged, has Granted and Sold and by these presents does- Grant,- Bar-
<br />gain, Seti, Convey and Confirm unto the Mortgagee- its successors and assigns. forever, the foAowing-described
<br />real estate, situated m the C-ounty offlal i ,and State
<br />ufNebraska,mwit:3560 Hillside Urive, Crand Island, Nebraska 68801
<br />Lot Fourteen (14), Westroads Estates Fourth Subdivision,
<br />Hail County, Nebraska.
<br />~a~~~'ti~t ~~~~~~~~
<br />TO HAVE AND TO HOLD the prernisrs above described, uuh :t.i the appurtenances thereunto belonging and including
<br />all heating, plumbing and fighting fixture; and equipment now or hereafter attached to or used in connection with said real estate
<br />unto the :tiartgagee, .md to its successors and assigns. forever. "the MartE.rgor represents to, and covenants with, the Mortga-
<br />gee, that the hiurtgat;att has rocxi right u+ sell and cunve~ said premises; that they are free from encumbrance; and that the
<br />Mortgagor will warrant and defend the same against the lawful claims of ail persons whomsoever: and the said Mortgagor here-
<br />by re5nyuishesall tights of homestead, and all martini rights, ei€her in law or in eyutty, and all other contingent interests of the
<br />Mortgagor in and to the abaae-describe) premises, €he iuten€km i~eing to conve} hereby an absolute title, in fee simple, includ-
<br />ingail rights of homestead, and other rights and interests as aforesaid.
<br />PRO V IDED AL1#'AYS, and these presents ;:rc earruted :+nd delivered upon the following wnditictns, to wit:
<br />The hiwt agora •te tit ati to the ±Nortgagee, or order, the pdacipai sum of FORTY SEVEN THOItSANB
<br />FOUR 1RJNDRT~.* ands t~~/ 1~O fk,Jlar; tg 47 ,400.00
<br />with inletrst front dateilil at t~hye_7ryat~e €x~,LWnELV& and QO/ 100 uer centum ( 1 Z •040 '%) per annum on
<br />the unpaidl~lQ=ci~t Fede= Tr~a~ings€r~te~eoariaASS~'ct~a~iro~htotficeot
<br />in Otaaha, 1Cebraska or ~ oth ~t~ a holder of
<br />the note may designate in wri[irtg, in monthly instalimenu of FOUR HU:?DRE>~ FICIITY ~~~~v~ an~ `TSgI~~
<br />Dallar„cS5 447.7 ~ ), commencing on the first day of
<br />March I+FK3 - and on the Pint day rf each month thereafter until the principal and in-
<br />tertsi .alt fully paid, except that (ate final payment of principaiL~ trteresi, if not sewner paid, shall be due and
<br />payable on the first day of '' ebrtr8ry + ~~~, :all according to the terms of a certain promis-
<br />wry rurte of even date herewith executed by the said Mortgagor"
<br />The Mnrtgagair ir. order more fully ie protect [ht stcurity of this 4iartgage, agrees:
<br />i. Thm he will pay the ittdebtedness, its hereinbefure provided. Privilege is reserved to pay the debt in whole, or in an
<br />amount e4ual. W urtt or more msmiit€y payments on the principal that are next due on the note, on the first day of any month
<br />pricx to tta>wturity: H'trrukd, tntweatr, That writttn notice of an intention w exercise such privilege is given at least thirty (3t1!
<br />days pry tar pre~ymtui.
<br />2.. That, tggtther with; aml in additinn to. the monthly payments of prim ipat and interest psyttblr under the terms cif the
<br />note sectirtd 1teFtkiq. the Mopgtrg~trwilt pity tv, the 141origagtt, on the frst day of each month until the soli! note is fully paid, the
<br />foltawirgtsums:
<br />(a) +#rrlfYtratt: wf`ffateatt to prarvidt rite hcdthar heretrf with i`umis to pay the tit xt mortgage itxsurancc Jxenaum if this
<br />ltzztrutax:ttt and the ntrae a~ecurtgf htrafry are itrsured, r+t a tmrr€thly charge /tn bear uJ` a rntrrt[4tte iusururtre per
<br />mittarl ii They ate hnhl by the Stctetary try "tiouBUtg and L=chart lkvelup,nen€.:rs fallous:
<br />ill tf artd=sts Jcxaft a~ str3d n~¢ aYf every date and ihia mtttruratartri are ensured err aro rainsured under the pro-
<br />vastatns of the ?ttattaatal Hasahyt Act. sn atnaunt suffi+zient tq accumulate in ilea hands of 11€e holder ctt€e
<br />+t'tt~,~:s~as.rt+a~s++.av ~r car: ur t+t mw>xuv w esears.eatr 4"f',,#'i`I~+f~~' 3\`L:BKA.:7ElA
<br />NtIt7#2ti3t+t 19~tart
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