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<br />
<br />i
<br />INDIVIDUAL
<br />DUE ON' SALE
<br />OPTIONAL R'U7liFiE ADVANCES
<br />SAVINGS F'U'ND
<br />FORM No. 720-479
<br />Loan Number____4272ft_ ___~QQ~ __i__
<br />Type ara~t~
<br />M O R T G A G E
<br />THIS MORTGAGE, made and executed this .._-__...zo_............ day of ......~irj.4.,t>~.__.-_..._.--.. A.D.,
<br />19..~k'..., between the :Mortgagor, ._Ma~tin.R. _Chaptnan..and..Linda-.G....Chagman, ..husband . ..............
<br />....and_raif:e,.. ~.gintly.. and _earh..ia_thejs_.own. sigh t,.. ------------_-_-----z----t~-:-..._..._...-._....
<br />of ._...Grand_Island....... ,County cf .-....Hall....._....-_._.-...., State of ...Nebraska... ,hereinafter re#erred
<br />to as tl:e Iorrower, and the '.Mortgagee, FIRST FEDERAL SAVINGS AtVD LOAN ASSOCIATION OF
<br />` LINCOLN, 1230 "N" Street, Lincoln, Nebraska &8501, its successors and assigns, hereinafter referred to
<br />as Lender.
<br />Wtzx ' rx: That the said BOI'rO:x'er for and in consideration of the sum of ?HIRTEEN THOUSAND
<br />AND Na~o~ ------- -.... .
<br />_----------- ------------------ , 13 000,00
<br />_._.... __ .. Dollars (LS ~....
<br />paid by Said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br />folloKdng described property located in the County of .......-.._.-Hall - _ ,State of Nebraska:
<br />Lot Nine (9}, in &lack Three (3} in Le Heights Second Subdivision being a part of the
<br />NorChve=.€ Quarter of the Northyest Quarter (NWIt NtJ~) of Sectign 11, Township 11
<br />North, hange i0 West of the 6th P.M., Hall County, Nebraska
<br />TcK,tTxes u~th aL the improvements now or hereafter acct*ed an t-he property, and ail ea~ments,
<br />rights, appurtenance., rents, royalt.ier:, mineral, nit and gas rights and profits, water, water rightss, and
<br />wafer stack, and aii fixtutrs now or hereafter attached tq the property, all of which, irxluding trplace-
<br />ments and additions thereto, shall be deensetf to be and remain a part. of the property equated by this
<br />Mortgage; and aii of the foregoing, together with said property (or the leasehold estate in the event t-his
<br />ll~iortgage is on a Ieasehold) axe herein refern~d to a. the "FropE:rty".
<br />Bormwer covenants that iorrower is lawfully seised of the estate hereby conveyed and has the right
<br />to mortgage, grant. and convey the Property, that the Property is unencumbered, and that T3czrrower will
<br />warrant and defend generalh• the title to the Property against aii claims and demands, subject to any
<br />. - i ~ .. ~ • ... m ---r.~ar._a cs
<br />~asrur~ciia ~ru ~,.t.~.,u - I~.St4.', ;r, a _ ch,-.:ue cf :e -~,•.,,~ *~ -. - ~ +r< ar1E t6:la tnstrrxrne~ tx~irav ut-
<br />,uriny Under'; inter€~t in the I'r<:~;t~-,„ ,u;a att~rnr`s c~pinian of titia frart~ abstract of :itie oer~li~
<br />6y banded abstracter.
<br />i~a£tviur[t A:.ways, and th€st~ pre:.enf err exetuied and deIiveretf upon the foligwing conditions, agree-
<br />ment. and ohligattittns of the Borrower, tc.-=='it:
<br />Tice harrower ai;rees to pay ko the l.endc~r, or order, the princilutl sum of THI~TEF~?,-'1.llfilitgAldp..... ..
<br />AND. >•IuJ1f10 -Y__ per-~.~ .~..~ - a~-=___~s__.__f~.~~-lkrliars tt?:; ~-13.OOa.-00-.-.. -. )
<br />payable as provided in a note executed and delivertxi, ronrurrent.ly herewitls, th^ final payment of principal,
<br />if not saot~er paid, un the . ...First .. - day of . September t9 89.
<br />Lixtt~uant Coxr!vavrv. Borrower and Lf~nder covenant and a;;ree as follows:
<br />1. Payment of Frincipal and Intareat. Iiormwer shalt promptly pay when due the princiluti of and in-
<br />terest on the indebtedness evidenced by the ?tote, prepayment and tnte charges as provided in the Note,
<br />and the principal of and interest on any Future Advances secured by this Mortgage.
<br />2. F'unda for Tc•xes and Insurance. Subject to Lender'. o}>tion under paragraphs i and ~ hertatt, Bor-
<br />trower ahtEll I.iay ttr Lender ott the day monthly instalhuents of principal and interest are payable under the
<br />Nate, until the Nate is paid in fuII, a such (htarein `"Funds") aslant to nne-twelfth of the ,yearly tares and
<br />assessments which may attain ariority over this itriartgage: and ground rents an the Property: if any plus
<br />tme-twelfth of yearly premium installments for hazard insurance, plus one-twelfth of yearly prenriutn in-
<br />stalhttents for mart.gage insurance, if any, all as reasanabiy estimated initially and from time to time by
<br />.ender on the basis of assessments and bills and reasonable estimates thereat, bender shalt apply the Funds
<br />to pay said taxes, assesst?tents, insurance premiums and ground rents. I~nder 4hall nuke na charge far sa
<br />hotditt~g and aur~lying the Funds or verifying arrd or~R,ri(ingr ~~d ~r.;..nty and hitlu The lender shaii
<br />givo to the Farrower, without charge, an annual accounting of the Funds showing credits and debits to the
<br />Funds and the purpose for which each debit to the Funds was made. 'T'he Funds are pledged as additional
<br />security for the sums secured by this Mortgage. The Ilorrou•er agtt~es that the Funds may Ittr held b~ the
<br />Lender and cotnmingleci with other funds and the Lender's own funds and the Lender may pay such hems
<br />from its own funds and the Lender shall not be liable for interest or dividends on such Funds.
<br />If the amount of the Funds iuld by Lender, together with the future monthly installments of Funds
<br />payable prior to t,4e due dates of taxes, assessrrtents, insurance premiums and ground rents, shall exceed
<br />the amount required to pay said taaes, assessments, insurance premiums and ground rents a_s they fail due,
<br />such exces.9 shaA be, at Borrower's option, either gromptly repaid to Borrower or credited to Borrower on
<br />monthly installments of Funds. If the amount of the r'unds held by Lender shall not be suR"icient to pay
<br />taxes, assessments, insurance premiums and ground rents as then fall due, Borrower shall pay to Lender
<br />any amount necessary to make up the deficiency within thirty days after notice from bender to Borrower
<br />requesting payment thereof, or Boroewer shall, by an increase in n.onthly installments of Funds required,
<br />repay the deficiency within the Fund accounting period.
<br />'upon payment in full of all sums strureti by this Mortgage, Lender shalt apply Funds held as a credit
<br />against all sums due.
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