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<br />DUE ON SALE
<br />®~'~ OPTFONAL t=t9TUFtE ADVANCES
<br />~[.7~ SAYFNG's FUND
<br />~~++~~ ~~~~ FpAM No. 72D-479
<br />~Naa~.r® Loan FVumber__4,?7/~9 ___-?,99__._ __ 1 _
<br />.Yoe aea„«
<br />~g_ O~~S(~1 M O R T G A G E
<br />THIS DiORTGAGE, made and executed this ...__...v~~........_.. day of ._.... ~~ yfrs~......__.__. A.D.,
<br />19...7..x.., between the Mortgagor..1,yman_14... Carapbell,..a.-single.-Per.son,.......__.__......__............_.....--
<br />of _.._.Grand-.Island..... _., County of .-HaLL ............ ...- .---> State of _..Nebraska - ,hereinafter referred
<br />to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br />LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to
<br />as Lender.
<br />Wrrxesss'rx: That the said Borrower for and in consideration of the aum of TWEIv'TY..FIVE.-THOUSAND
<br />----- --- 25 000 00
<br />AN1)_NO/100----------,-------------------_.._.. - --..Dollars (US ~......r....... ~...... ......)
<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 .._.__..-Hall _.-, State of Nebraska:
<br />- --- -- ..
<br />Lot Twenty-three (23) in Le Heights Third Subdivision part of the East One Half
<br />Northwest Quarter (E~NW3L) of Section 11 Township 11 North, Range 10 West of the 6th
<br />P.Pi., Hall Oounty, Nebraska
<br />Tcxr:rwESe with all the improvements now or hereafter erected on the property, and all easements,
<br />rights, appurtenances, rents, royalties, mineral, oil and gas rights and profit.g, water, water tights, and
<br />water stock, and all fixtures now or hereafter attached to the property, all of which, including replace-
<br />ments and additions thereto, shall be deemed to be and remain a part of the property covered by this
<br />Mortgage; and alt of the foregoing, together with said property (or the leasehold estate in the event 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 convey the Property, that rho Property is unencumbered, and that Borrower will
<br />.~ ~ ~ c
<br />------` ixsiei .+_r._' ------,+__ :_.+_ ... .i... r)...,.,,...f,. .....,:..mot ..n ..1..:..... ...,.1 ~., ..~l~ „hiar•t t~ env
<br />real teui4 ,.s .tax+u aC11ClaliT uui ,.i. ...,~- ...1 p..... ..~ •..pY.-..... .... .. ......... .... .,.... - -_+- --:
<br />easements and~resttietian4 listed in a schedule of exceptions to coverage in env tttle insurance policy in-
<br />suring Lender's interest in the Property, ar {?) attarney's upittion of title from abstract of title certified
<br />b_v bonded abstracter.
<br />Pizovror:o Ar.w:vvs, and these presents err executed and delivered upon thr Fallerwing conditions, agree-
<br />me.nts' anti ahtigat.ians of the Borr+wer, to-w•it:
<br />°t'he Harrower agu=es to pay to the bender. or order, the principal sum of T&IiNTy .Fllt~ Y`t1~33F3.
<br />-AND Nl3/IQO--_--._..-..._..~........._,.......>r..,..,,tt.~.,:„--•.--~--°^-----.Dollars 1i~5 w 25,OL10.04 )
<br />payable as provided in a note executed and delivered, concurrently herewith, the final payntenk of principal,
<br />if not saoner p=rid, on the First dar~ of September ,X119( 20f)9
<br />i;rttr+tant t ovr:x,arr•i•s. Borrower and Lender covenant and agree as (ollows_
<br />1. Payment of Princigctl and interest. ISurrower shall promptly pay when due the principal of anti in-
<br />terest on the inclebteclness evidenced by the Note, prepayment and late charge. as Irroviclect to the Note,
<br />and the principal of and interest on an~• Future tidvancea secured by this ~'(artgawe.
<br />2. Funds fpr Taxes and Insurance. Subjts•t to l.encier's option under paragraphs 1 and :i hereof, Bor-
<br />rower ;hail pay to Lander on the day monthly insiallnEenis aF principal and into=rest are payable under the
<br />Note, auiil thc* Note is paid in full, a sum therein "Fund."i equal to anc-ttrelfth of the ye==trty taxes attd
<br />assessments which may allele priority over ibis Mortgage, an+i ground rent, on thc• 1'rope~rs if any pies
<br />ane-twelfth of yt+ariy prerrtium installments far hazard insurnncc, plus one•iweiFth of yearn t;remium in-
<br />stallments for mortgage insurance, if any, alt as real+mablt' estimated initially and from tithe to time by
<br />I~+nder an the basis of avsesstn~nts and bills and reasonable estimates then~af. Lender shall appha the Funds
<br />to pay said faxes, assessments, insurance premiums anti ground rents. in=r+dv€ >hall retake :ta ~•itarge far :~~
<br />Itolding and applying the Funds or verifying and compiling said asses.~rttents and gills. The I,~-rider ;hail
<br />give to the $arrowea°, 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. The Funds are pledged as additional
<br />security far the sums securest by this Mortgage. The Borrower agtv.~es that the Funds Wray be held by the
<br />Lender and commingled with at)ter funds and the Lender's own funds and the Lender may paV such items
<br />from its own funds and the Lender shall not be liable for interest or dividends on such Funr~s.
<br />If the amount of the Funds held by Lender, together with the future moni.hiy installments of Funds
<br />payable prior to the due dates of taxes, assessments, insurance premiums and ground rents, shall exceed
<br />the amount required to nay said taxes, assessments, insurance premiums and ground rents a_s they fall due,
<br />such excess shall be, at $orrower's option, either promptly repaid to Borrower or credited to Borrower on
<br />monthly installments5 of Funds. If the amount of the Funds held by Lender shall not be sufficient to pay
<br />taxes, assessments, insurance premiums and ground rents as they fall due, Borrower shalt pay to Lender
<br />any atnaunt necessary to make up the deficiency within thirty days after notice from Lender tct Borrower
<br />requesting payment thereof, ar Borrower shall, by an increase in monthly installments of Funds required,
<br />repay the deficiency within the Fund aa:aunting period.
<br />t`pon paymeni in full of ail sums secured by this Mortgage, Lender shall apply Fund, held as a credit
<br />,~~ .,n ~ ~ ,t,.r,
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