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<br /> INDIVIDUAL:
<br /> DUE ON SAGE
<br /> �� 'OPTI�NAL FUTURE ADVANCES
<br /> �� SAVINGS FUND
<br /> LIIR.VO.Ir ..FORm No:�720. � �,� . � . :
<br /> �r./ l.oan Number_.32Z��_-----7-�8----�-4-
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<br /> 77' :�Q1936 M O RTGAGE '
<br /> ,, ;�: THIS:MORTGAGE,made and executed this............��_.:_...._:.. day of ...._...�P':��..:.........:.... A.D.,
<br /> � 19:.:Z7._�, between the Mortgagor,_Dsixzal.d..V_..�e�.s.exi,.:.a_.�zz1�,7-�..p_esson.... ............................... ..-..--
<br /> ; .._. . ..---.._ ................•---._.._..---�-------�•--•--------..---------�--. ........._..........---....
<br /> of Grand,.Island..:.......... County aff�al7,.:........._--••---_...__.,State ofNel�ra�ka_........,hereinafter referred
<br /> to as the Borrnwer,and the Mortgagee, FIRST'FEDERAL SAVINGS AND LOAN ASSOCIATIUN OP'
<br /> LINCOLN, 1235 "N" Street, Lincoln, Ne6raska 68501, its successors and assigns, hereinafter referred to
<br /> as Lender.
<br /> WiTnrr.ssExx: That the said Borrower Eor and in consideration of the sum af ��.y��..:�gp��
<br /> . .547�..IiLINI)BII2_ADTD_NO_!1QQ=---==---r-�-.,.,......,...,......�.,....».......Dol:ars (US$..2-1��2�0�.00•�.................)
<br /> paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br /> ` , following descrihed property located in the County of ......._Ha11.......... ._ _..._._:., State of Nebraska:
<br /> ` Lot Twenty (20), in Bartelt Subdivisiom of part of Lots Seven (7), Fifteen (15),
<br /> Sixteen (16), Sevettteen (17}, and Eigkiteen (38), of' the County Subdivision of
<br /> part of the Sccth Half (Sz) of Section 5, Township 9 North, Range 9 West o= the
<br /> 6th P.M., in the Village o£ Doniphan, Hal1 County, Nebraska.
<br /> Toc�TxEx with all the impxovements now or hereafter erected on the property, and all easements,
<br /> rights,appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and
<br /> water stock, and all fixtures now or hereafter attached to the property, all of which, including replace-
<br /> ments rind additions thereto,shall be deemed to be and remain a part of the property covered b,y this
<br /> �' Mortgage; and all of the foregoing, together with said property (or Che 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 la�vfully seised of the estate herebv conveyed and has the right
<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 of exceptions to coverage in any title insurance policy in-
<br /> suring Lender's interest in the Property,or (2) attorney's opin9on of title from abstract of title certified
<br /> by honded abstracter.
<br /> PxovmEn ALwaYs, and these presents are executed and delivered upon the follawing conditions,agree-
<br /> ments and obligations of the Borrower, to-wit:
<br /> " The Borrower agrees to pay to Y,he Lender, or order,the principal sum of .Ti9F1V`PY-ONE.THOUS1�1uI3-.:-
<br /> .....7.'Y�TO_��IIPTA�iFR..A�?..N9.,��Q�.----r------.-----r.--c�-.----------Dollars (US $-2]:y2Dl�.QO------- ----------�
<br /> payable as pmvided in a note executed and delivered,concurrently herewith,the final payment of principal,
<br /> if not soonerpaid,on the ...__..._lst....._.__._ day of.---..._Maar..:.. . ..... ._ .._._..,�'c..2Lu:6
<br /> UxiF'oaM CovExnxTs.Borrower anci Lender covenant and agree as follows
<br /> 1. Payment of Principal and Interest. Borrower shall promptly pay when due the �rincipal of and in-
<br /> terest on t6e indebtedness evidencsd by i:he Note,prepayment and late charges as pravicled in the Note,
<br /> and the principal of and interest on any Future Advances secured by this Mortgage.
<br /> 2. Funds for Ta�ces and Insurance. Subject to Lender's option under paragraphs 4 and 5 hereoT,Bor-
<br /> mwer shall pay to Lender on the day monthiy installments af principal and int;erest are payable under the
<br /> Note, until the Note is paid in full,a surn (herein "Funds") eyual to one-twelfth of the yeariv taxes and
<br /> assessments which may attain pi7orit,y over this IVlortgage, and ground rents on the Property, if any plus
<br /> ane-twel£th of yearly premium installmenta for hazard insurance, plus one-tw•elfth of yearl,y prexnium xn-
<br /> stallments for mortgage insurance, if any,all as reasonabIy cstimated initiAlly and from time to time by
<br /> Lenr3er on the basis of assessmenta and billa and reasonable estimates thereof, Lender shall appi,y t:he Funds
<br /> ta pay said taxes,assessments, insurance premiums:�nd ground rents. I.ender shall make no charge fvr ao
<br /> tivil3ing sJid a��iying l,h� Fuiius ur verilyu�K ati3 �uiuNiling aail as.�.��iur.n�� �nii Lill�. Tl�e L�;.dci•s.�axl
<br /> Qive to the Borrower; 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 for the sums secured hy this Mortgage. The Eiorrower agrees thAt t.he Funds may be held by the
<br /> � Lender ar�d commingled with other funci�and the Lender's own funds and the Lender may pay such iLerns ;
<br /> fmm its own fundaand the Lender shall not Ue liable fur interest or dividends on such �unds. "�r� `-"��`+,
<br /> If the amount of the Funde held by Lender,together with the future monthly instaliments of Funds �tvt.�»�'
<br /> payable prior to the due dates of taxes, assessments, insurance premiixms and ground rents, shall exceed �� .
<br /> ` � the amoant;Xequired to pay said taxes,assessments,insuzance premiums and ground rents as they fall due, �` +"�
<br /> , such exces�shall be,at Bortrower'&opYaon,either pmmptly repaid to Bormwer or credited to Borrower on � ��, '
<br /> montihly installxnents of �unds. If the amount of the Funda held by Lender shall not be suf[icient to pay
<br /> *.�.es, .sgess�e::s, i.sssrttcc gre�ii:.'ns and g:aund ren:s .;s LNcy .all dne, Borrc:ver shsll pay� :o T.e^�er y
<br />�� any i�mc�unh n�c�egaary to make dp fhe cieficiency within thirty daqs�fter noii�fimm I,ender tn Borrower
<br /> requesting pxyment thereof, or Barrower shall, by an increase in monthly instnilments of Funds required,
<br /> repay the def�ciency within the Fund nccounting period.
<br /> IJpc�n paymPnt,in fi�l#nf flll SiimF cpt�ctrPt# hy thiF M�rtg�gP,T,pn<i�r�hall z���Pl_y Fnn�1G hrlcl a5 a<�rer3if:
<br /> against aIl sums due.
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