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<br /> INDlVti3UAL
<br /> DUE ON SALE
<br /> �� OPTIONAL FUTURE ADVANCES
<br /> ', , SAVINGS FUND
<br /> . � �F•�,: , FORM No..720 . . . . . .
<br /> ��� Loan Number___33008__- _188_-_ _14
<br /> �.. " . . . � � -- �TYAc H�anch .
<br /> 77- �0 2 312 ° M C� R T G A-G E
<br /> ° THIS MORTGAGE, rnade and executed this ::.:�. �^�. ....... day of.�_._..._..�!�.}.�.........::_. A.D.,
<br /> � I9....77...,be�ween the Mortgagor, .nrno�a:�,.,..�n�.3x�.o�*.:an�.S,aux�.a._ �:.Txlurinxz,..Lzus'�and_.anc�_?aif�,
<br /> ; each__in his_and her owri,individual;;right..:and,as.,s,pQuse.,g�'_„th�...othsx.,._.�pintly.and.se�rerally
<br /> '� of,:._Grand,Island.-.__..._� County of.._..Ha1�, ........ ... . .....State of,-_.SIe�raska...,._,hereinafter referred
<br /> to as the $otrower, and the Mortgagee, FIRST FEDERAL St1VINGS AND LOAN ASSOCIATION OF
<br /> LINCOLN, 1235,"N" Street, Linwln, Nebraska 685D1, its successors and assigns, hereinafter refened to
<br /> c as Lender.
<br /> ;,
<br /> " WITxEsSETH: That the said Borrower for and in consideration of tlie surn of __._....�................._
<br /> ....----
<br /> ; EDRTY-FDUfi:.TFiQII3APIl2_E2GHT._FIUl�IDEED_AND_:NO�1011:.�r�-.na,.,..DoP.ars (US$.....41+-,&JO-.00----•-----....-.)
<br /> paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br /> � following described pzoperty located in the County of .___..:_..Ha31-...--..•...... .......State of Nebraska:
<br /> � ;�
<br /> Lot Ten (10), Capital Heights iighth Subdivision, Ha�l County, Nebraska.
<br /> t TocE�rHEs with ail the improvements now or hereafter erected on the property, and all easements,
<br /> rights,;appurtenances, rents, royalties, :::�t�ra1, oil and gas rights and profits, water,water rights, and
<br /> ;' water stock,and all fi�tures now or hereafter attached to the property, all of which, including replace-
<br /> zments and additions thereto,sha.ii be deemed to be and remain a part of the property wvered by this
<br /> � Mortgage; and all of the foregoing, together with said property (or the leasehold estate in the event this
<br /> �; Mortgage is on a leasahold) are herein referred to as the "Propert,y".
<br /> tBorrower covenants that Borrower is lawfully seised of the estate hereby wnveyed and has the right
<br /> y tn mortgage, gra.nt and convey the Property,that the Property is unencumbered, and that Borrower will
<br /> ; warrant and defend generally the title to the Propert,y against all claims and demands, subject to any
<br /> a' easernents and restrictions listed in a schedule of exceptions to coverage in any title insurance policy in-
<br /> suring I.ender's inCerest in the Property, or (2) Attorney's opinion of title irom abstract of title certified
<br /> by bonded abstracter.
<br /> PaovJucn Ai.wavs, and tliese presents are executed and delivered upon the following conditions,agree-
<br /> � ments and abligations of the Bormwer, to-wit:
<br /> #: ,
<br /> � The Borrower agrees to pay to the Lender, or order, the principal sum of .. ..... .. ..... ....._ .. .. ....._.....
<br /> .' s .---_:_.FOBTY-FD7JR..THSZUSA�ID.ET_GiPP_FrrrnmR�.n.A1VD..NQ�lOQ-=--...Dollars (US�-._kla.,$OQ..D4__ ..----.-•-)
<br /> payable as provided in a note executed and delivered,concurrently herewith,the finaT payment of principal,
<br /> if nof.sooner paid,on the------•--lst-..._...._. day oi . ...:......Apr��.--.... .__ _......, 1.9......9g
<br /> Y' �h, � . . � . . . . . . � � � � .
<br /> Uxrr�oxm CovExnx'rs: Borrower and Lender covenant and agree as follows:
<br /> 1. Payment-of Pziacipal�d Interest. Borrawer shall promptly pay when due the principal of and in-
<br /> terest on the indebtedness evidenced by the Note, prepayment and late cliarges as pmvided in t.he Note,
<br /> and the principal of and interest on any Future Advances secured by this Morttage.
<br /> 2. Funds for Taxes and Insurance. Subject to Lender's aption under�aragraphs 4 and 5 i�erec�f, Bor-
<br /> ro�ver shall pay to I.ender on the day montihly installments of principal and interest are pxyai�le unr3er the
<br /> � N'ote,until-the Note is paid in fuii,a s�im (herein "Funds") eqval to one-tweifth af fhe yearly taxe� and
<br /> ; assessments which may attain priority over this Mortgage, and ground rents an ihe Propert,y, if any pius
<br /> one-t�velfth of yearlv premium installments for hazard i:rsura»c+e, ;?l�� one-?x�elfth of ye�ri;� premium in-
<br /> stallments far mortga�e znsurance, if any, all as rettsanably estimated initially and from time to time by
<br /> Z.ender on the basis of assessments and bills and reasonable estim_ates thereof,Lender sha11 npply the I�'un<is
<br /> t� pa,y r�aid taxes,assessrnents, insurance prenuums and �round rents. I.ender ehall make no ci�arge fur sa
<br /> holding and applying;the Funds or verifying and compiling.5aid assessments and 'oilis. `l'he Lender snall
<br /> give t�the Borrower,without charge, an annual accounting of t?ie Funds tit�owing crediCs and debits to the
<br /> Funda and the purpose for whieh each debit to the Funds was made. The Funci.g are pledge�l as additivnal
<br /> security fox,.tl�e swns secured by this bSortgage. The Borrower ag'rees that t.he Funds niay I>� held by t.he
<br /> : : Leiide�and cammingled wSth other funds and the Lendes's own funds and the I.ender may pay such items _ � , . „ ,�
<br /> from its ocvn funds and the.Tznder shall not be liable for interest or dividends on such Funds. •"�" 3,� '•
<br /> ' If th�amouuG of the Funds held by Lender,tagether with #he future mc�nthly insi;allments of Funds � ' `
<br /> payable prior to the due dates of taxes,a�aessments, insnrance premiums and ground ren�s, shall exceed
<br /> �,,; the amount required to pay said taxes,assessments,insuxance premiums and gr�und rents a�s they fail due, �
<br /> , _;. such excess;shall be, at Borrower's option;either promptly repaid to Borrower or credited to$orrovver on ` '' ` µ'
<br /> mont3�ly installments'.of F'unds. If the amount of the Funds held b,y Lender shall not be suHicient to p�.y
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<br /> •��� i�sa.5.c-n,:,:ha�cr'4hldiaia,:.i.flniaCxeutx�.�predfaiurz��3 7xnu.giotui�[l��renfs�as LheY�1F111 clue, BurPOwer sj3all paY I;U t.entleY
<br />�' .` :.ny smount nec�sazy�o r.aal:e,up th�d�:aency wiilY:ri �hirty c.ays ai�er notice frr.;n I.ender tc: �crr�v:�.- �
<br /> zectuesting payment thereof, or Borrawer shall; by an increase in monthlyinstaUments af Funds required,
<br /> re�ay the deficiency within the Fund accounting periad.
<br /> L7pvn p�ymez:t ia fuil of all sums secured hy :his:17e.tgage. Land�r sh�ll apply Funus:ie.d a�:x ::cdi:
<br /> against ail sums due. �
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