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INDIVIDUAL
<br />DUE ON SALE
<br />OPTIONAL FUTURE ADVANCES
<br />SAVINGS FUND
<br />FORM No.72a
<br />u .. Loan Number__4112_2___'_-__i88__ _1___
<br />rsoe e.ancn
<br />79- ~~t~~6f M +®R T_G A G E
<br />THIS b40RTGAGE, made and executed this _..........10th....._... day of ..._...b~Iay-._._.......__....... A.D.,
<br />74....2.x., between the Mortgagor, ....Char3es..C_..iCeaum..and_-Sandra.S....Keown,-.hushand..and..wife,-
<br />-..
<br />- ..iQ~ncAX--and..each..in..ther..oGm_righc. ~-....---- - - --.._ ~- - - ..............._._....._......_.... -
<br />of -..ARn3Ph?D..-.-------.-_, County of _...- Hall...----.-_--._..---, State of ..-....y_ebraska--., hereinafter referred
<br />to as the Borrower, and the Mortgagee, FIRST F1DERAL SAZ'INGS AND LOAN ASSOCIATION OF
<br />• LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to
<br />as Lender.
<br />WITNESSE'rH: That the said Borrower for and in consideration of the sum of ...TWENTY _EIGHT..THOUSAND
<br />._$Iii.H1Il'd2REP..ANP..-NO/Z42..------_--.------°---.--------DoLars (US 3-28...'00,00_...___._....-..)
<br />paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br />following described property located in the County of -...-....__~?all.-.-_,.--____. ,State of Nebraska:
<br />Lot Eighteen (18) in .Bartell Subdivision of nr~rY nf' Lotc gavgn !?},
<br />Fifteen (15}, Sixteen. (16}, Seventeen (17), and Eighteen (18) of
<br />Covaty Subdivision of the South Half (S2) of Section 5, Township
<br />9 North, 13ange G West of the oth P. M., Hall County, Nebraska.
<br />TocETHE$ with all the improvements now or hereafter erected on the property, and sII easements,
<br />rights, appurtenances, rents, royalties, mi_*Ieral, oil and gas rights and profits, water, water rights, and
<br />water stack, and all fixtures now or hereafter attached to the property, all of which, including replace-
<br />ments and additions thereto, shat be deemed to be and remain a part of the property coverer; by ±h:~
<br />Mortgage; and all of the foregaing, together with said property (or the leasehold estate in the eve_:i, this
<br />Mortgage is on a leasehold) are herein referred to as the `"Property".
<br />Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right
<br />to mortgage, grant and rnnvey the Property, that the Property is unencumbered, and that Borrower will
<br />warrant and defend generally the title to the Properly against all claims and demands, subject to any
<br />easements and restrictions listed in a schedule of exceptions to coverage in any title insurance policy in-
<br />suring Lender's interest in the Property, or (2) attorney's opinion of title from abstract of title certified
<br />by bonded abstracter.
<br />PaoYIDED AI.weYS, and these presents are executed and delivered upon the following conditions, agree-
<br />ments and obligations of the Borrower, to-wit:
<br />The Borrower agrees to pay to the Lender, or order, the principal sum of .-. Tl!?E?~TY..EIGHT--THO[;SAND
<br />-SIt9F+N..HUhDRED-ANTJ-;i0/100,_--------------------- ~ 28,700.00
<br />_._ ..............__.._..._ - _.-.....'Dollars (US ~. _ ___....._.... ..._...._.)
<br />payable as pm«ded in a note executed and delivered, cancurrenth~ herewith, the final payment of principal,
<br />if not sooner paid, on the .._-....let-......- day of _... May_.. - --.----__-_..., L•9t.2008
<br />Ux[r+olrxt CavExn.~rrs. Borrower and bender covenant and agree as follows:
<br />t. Payment of Principal artd hstarest Harrower shall promptly pay when due *,he principal of and in-
<br />terest on the indebtedness evidenced by the Note, prepayment and late charges as prodded in the Note,
<br />and the principal of aad interest an any Future Advances secured by this hfortgage.
<br />2. Fonds for Torres and tasuraaee, Subject to Lender's option under paragraphs 4 and ~ hereof, Bor-
<br />rower shaII pay to Leader an the day monthly installments of principal and interest are payable under the
<br />Note, until the Note is paid is full, a sum (herein "Funds") equal io one-twelfth of the yearly taxr;s and
<br />ass~aen#s which may attain priority over this Mortgage, and ground rents an the Property, if any plus
<br />one-twelfth of yearly premium installments far hazard insurance, plus one-twelfth of yearly premium in-
<br />stallmearts far mortgage insurance, if nay, all as reasonably estimated initially and from time to time by
<br />Leader atr the basis of asaessraents and bills and reasonable estimates thereof, Lender shall apply the Funds
<br />to pay said fazes, assessments, insurance premiums and ground rents. bender shall rnake no charge for so
<br />tmlding aad applying the Funds or verifying and campi.-eng said aKSessments and buts. The Lender shall
<br />give to the Hortawer, without charge, as annual acwunting of the Funds showing credits and debits to the
<br />-Fonda and the purpose for which each debit to the Funds was made. The Funds are pledged as additional
<br />security for the auras eecrrred by this Mortgage. The Borrower agrees that the Funds may be held by the
<br />Lezrder and camruur8}ed with other fnerrkr aad the Lender's own funds and the I,ertder may pay such items
<br />frxana i4;a stwrt funde and- ~ Lend shalt not be liable for interest or dividends on such Funds.
<br />If amount of the Irurade held by Lender, together with the future monthly installments of Funds
<br />yalde prior to the due dyttea of fazes, aaeeratnetets, insurance premiums and ground rents;, shall exceed
<br />aaxrt~tt regtei~d to pay said fasea, aata, insurance proxraiums and ground renter as they fall due,
<br />such esress slwlt he, at Z~ntoever-'e option, tither promptly repaid to Harrower or credited to I3~ormwee on
<br />rawrstlety ~mYerats of F'tznda. If the aeeraunt of the Funds held by Lender shall not he sulf'scient tr> lay
<br />lazes, ter, it>autesepa surrra and groriad rents as they fall due, Borrower shall pay to Leerier
<br />'stay aenAUret neceaaary to resake aI+ the deru'y within thirty days after rwtice front fender to I3orrowrr
<br />recurtine nsvtuen t-tai err Bn~awer sett. v as i~c~reaae in uaoathiy insta{Irnvnts of Fundy rryuir~~l,
<br />repay the ~e#iciesacy wfttaua the Rend ac~xruntiatt period.
<br />Iipott pa}~ent in full of alt suers srtsruted by this Mortgage, l.rnrler shalt aptrlr Funaly Isr~ltl a~ a c~mdit
<br />agairrct all strmrr due.
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