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<br /> II+1AlVtDUAL
<br /> DLTE ON SALE `
<br /> `'pP'i'7QNAL. FU7UR� ADVANQES
<br /> � �� SA1l11VG8-FUND �
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<br /> r . �• , ." .� Fowra No.720 ���. :: .��� �� � , .
<br /> � ' O.i�:�". I.oan Number_--33QJ..�t_ _r.�.8�_ �14n
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<br /> ��(3 Q 1$"4�. , M ,O ,R T G, A +G E
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<br /> , - -, . A.D., � .
<br /> � ; HiS MORTCAGE;made and execnted this ..._'_M �.. -- ---- day of ..:_��.�r_:_.�. ...... __
<br /> , 19 77' hetween the Mortgagox .Sa�.�Tf;..�._.MG.Kos1�i...anci..Diana._I�...IdcKoski,-..husband•.�nd••�i:fe�3---
<br /> 3 eae22.�.n:.t�3s..�nd,her;o�n,.is}d�,Y�duAl,..x.i.gh.t_.and:.as...sp,ous.e..of._.tha..nthex,--.�czi�t�y,anc��-�e�erall� ?
<br /> ' of ..Grand_Island_..`.._., County of .:��e�.l..-----.-_. .:....._..,State of:11i�aslr.a.-......., hereinafter referred - ,
<br /> � ' to as the Borrower, and ths Mortgagee., FIRST FEDERAL SAVIIQGS t�ND LOAN ASSOCIATION OF
<br /> �.
<br /> "LI1�,TCOLN, 1238 "P7"-:Street, Lincoln,<Nebraska 68�01, its successors and;assigns, hereinafter referred,#a
<br /> { as T.ender.
<br /> Wt�xEssETx: That the said $orrower for and in consideration of the sum of ._:.. _.. .: ---
<br /> ^ ' F48TY-E2�.T.�2HQTl5A�,_S�:.i3UPIDRED._91�ID,_ItLQ�1f�0-.- ---•-- ..-:�ol:ars (US$...48,,6DII.0�.:: ._. ..:_)
<br /> , paid by said Lender, does hereby mortgage, grant and convey to Lender its successors and assigns; the =
<br /> r ' foliowing described property 7ocated in the County of --_-..I3a11:�.. ...... ...... . ., State of ItiTebraska:
<br /> ; ' I,o� Th3rtesn (13) in �ock One (1), in Continental Gardens, an
<br /> Addition to the Cityo�' Grand Island,, in Hall County, Nebraska.
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<br /> „ �, TocE,^xEa with all the impmvements now or hereafter erected on the property. and all easements,
<br /> 5 nghts,:appurtenances,rents, royalties,.minerai, oil and gas rights-and pxrofits, water, water rights, and
<br /> � ,t water stock,.and ail'fixtures now or hereafter sttached t�o the property, all o€ whicFi, including replace-
<br /> ments and additions thereto,shall be:deemed tc�be and remain a part of the property covered by this
<br /> Mortgage; and ali o#the foregoing,.together with said property (or the leasehold estate in the event this
<br /> ; Mortgage is an a leasehold) are,herein referred to as the ``Property";
<br /> � � Borrawer-cavenants that Borrower is lawfully seised of the estate hereby conveyed �.:.�he� thP rivh_t
<br /> +� ' to martgage,grant and convey the Property,'that the Property is unencumbered,and that Borrower will
<br /> warrant and defend.generally the.title to the Property against all claims and demands, subject to any
<br /> easements and restrictions listed in a schedule oi exceptions to coverage in any title insurance policy in-
<br /> � ' suring Lender's interest in tbe Property,or (2) attorney's opinion of title from abstract of-title certified
<br /> f i . k�y,bonded abstracter.
<br /> � I'aovsnE�ALwt�Ys,.amd these presents are executed and delivered upon the following conditions,agree-
<br /> "'r ments and obligations of the Borrower, to-wit:
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<br /> ` The Barrower agrees to pa to tbe Lender or rder the pnncipal sum of ..
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<br /> ,' FORTY.EZGI�P_.THQi7SA1!ID.SZX IitJNDEiED AND__NO�100 .----..—Dollars (US �u, 48x600_OS� :.......... ..)
<br /> payrable as pmvided an a nate executed and delivered,concurrently herewith,the final payment of principal,
<br /> < i#not sooner naid,on the_..:_:._J.st............:. day of------.,�uns------............_---•--.,�820pb
<br /> ° ;, UxiFoaNr Covsrrnzv�rs.Borrower'and Lender covenant and agre+e as"follows:
<br /> 1.-Payxzient of Principal�d lnteree�L Borrc�wer.shall proruptly pay x•hem due the principal aE and in- -
<br /> terest on tlie indebtedness evidenced by the Note,�repayment ana late charges a�; provicled in the IQote,
<br /> and the�rineipal of and interest on any Futare Advs�nces secured by this I��ortgage.
<br /> , ; 2.,�r,�ds for Ta�+es csud i�ur�:ce. 5ui�jez:t£o ieuder's option under pai•agrapixs 4 and�fi hereaf,Bor-
<br /> �:, ` mwer:shall pay to Lender on the day monthly installments of grineipal and intere�t�cre payable unr3er tha
<br /> N4te,until_the Note is paid in"full,'a sutn (herein "Funds") equal to ane-twelfth of the yearly taxes and
<br /> �, � assessvxents which may attain,,priority over this Mortgage, and ground rents on l;he Property, i!'aT±y E>i>3�
<br /> ",: one-twelfth o#;yeaz�y}�remiurn installments'for hazard insurance;plus one-tweifth of.yearly premium.�n-
<br /> stallcnents fox mortgage 9nsuranee, if any,all as reascanably estima�ed initiallv and from time to time bY
<br /> T.ender on tize basis of assessrnents and bills and reasonnble estimates tihereof,Lender sliall apply the Funds
<br /> t.o pay saxd taxes,assessments;insurance premiums and ground rents. I.ender shall make nu charge for so
<br /> ho;tiing.and ttppl3�i�g the Fands ar i�ez'ifying snd compiling ��id R�Gectmeni.s and bills. The Lettder�hall
<br /> � � give to the Borsower,without chaxge,an annual aceountin�of the Funds showin�credits anct debits to the
<br /> Funds atld the.purpose for vr?3ich esw�,�.,bi±to the Fund� wae rnade. The �'unds are pledged as a�iditional
<br /> security�£or t,he sums;secured by this.Mortga�e. The Borrower ngre+e�'that the Funds may he held by the
<br /> ,� Lera�er,and.commingled with other funrds and the Lender's own iunds and the Lender nnay pay such items
<br /> from ita.own-#uttda,and Ll�e E,ender shall not be lial�le£or,intemst or dividends on surh Fun�ds. �. -t"` ��
<br /> r I#;the�,asmouzit�#the.Funcis held by Lender,togethar with the future monthly xnstaliments of Funds s'
<br /> r � Pa3�able.,priax to�he due rlates of taaes,asseasmeats: insurance premiuins and ground rents, shaii excs�cl ,,
<br /> ,„�a s . �, tl�e ams�ant,ret��uixed to pay,said tases,:�sessments,�nsurance pr�miums and ground,rents as they fall due, , t
<br /> �t4,.r s�eh eatc�as.�hall�;lie,at Bornawex's ngtion;eit her proaipt ly repai d t o B arrower ar c r e d i t e d to Bo r r o w e r o n �.
<br /> � �n�tk��Y-u!stmll�t>ent�a.of �undS. if the_amount of the Eunds heid by Iznder sfsall not be sufTicient to pay ;;;a '
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<br /> a r � tare.c�,asseasmenta;insurauce premiums and ground.rents as�t,heV fall due, Borrower shall pay to "i.ender .. �- ��
<br /> ,.,: ' ,�, an3�-amatuit n�aesssry;:ta.mal�e up the_deficieacg vuittua tihirtY.days'after siotice from Lentler ta Borenwer -^-;
<br /> �S requeating�payment thereof; ar �ansower shalt;by au incsease in monthly installmenrs of Fnnds reyuirEn3, ��',
<br /> c repay.the"dsficiency within the �'und accrzuntiag period.
<br /> i.lpan paymemt in:futi.of ail sums secured:by t3�is:Mortgage,Lender shall appiy Funds held as a credit
<br /> . against ail sums due.
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