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<br /> INDiVIDUR.l.
<br /> DLJE OPt SrALE
<br /> ���'�a� QPTIONAL FUTURE ADVANCE8
<br /> SAVINGS F'UND '
<br /> . FORM N0.72Q.� � � �
<br /> , u��•N Loan Nu.mber__3121b___-_188--- -.1 _
<br /> � . . . ..' .. . . TYPe - 6r�nCh
<br /> >`� 7'7- 0�2748 M C3 R T G A G E
<br /> ,„�.� �'HIS MORTGAf�E,made and'exe�uted this .�...::..�.�_.i:...:--._ day af.:...-:�Ry .__.�.D.� ' `
<br /> � 19�..._�7,between the Pvfortgugor, Paul'.A.. Janlcy an:d Nanc3r I. 1anTcy husi�and an.d crife, 3ninLZy
<br /> � .and_+each_cin__theiz _oWn...�ight,. �--- -•---- _. ........... -- .__. ..... ......_...
<br /> " of,.Gsand..Islaad _ .., County of...___HalL. ..... . ....... State oi..:..Nehxaskca__..,hereinafter seferred
<br /> '� to as the Borrower anc3 the Mortgagee, FIRST FEDERAL SAVINGS AND I.4AN ASSOCIATION OF
<br /> LINGOLN, 1235 "N" �treet, Lincoln, �i+ebraska 685C)1, its successors and aasigns, hereinafter refexred to
<br /> :� as I.ender.
<br /> `� W�T�t�ssETx: That the said Borrow-er for.and in consideration of the sum of _TIIENTY._ESGIi�THOUSAND
<br /> :� TfaTO._HiINDBEII_.AND..S3fl�1Q�---...-......, ...-3�ol.ars (US�.._28.,2IIQ_00,.:: __:.._) ,
<br /> `,� aid by:said Lender,does hereby mort a e ...... ...... . ......
<br /> p g g , grant and convey to Lender, its successors and ussigns: the
<br /> ,;a following deseribed property located in:t1ao C.ounty of .:__..tIa11.: .:.................. . State of Nebraska: '.';
<br /> -� Lot Seven (7} . in =sland Acres No. Seven (7), a 8ubdivisio�. af Part of
<br /> Fractional Section,Seven (T); part of the West Half of the West Ha1P.
<br /> � (W�) of Section Eight (8) ; and part of Lot Twenty-�our (24), Island- , ,,
<br /> � Acres,. all ir_ Tawnship Eleven (11) North, Ran�e Nine (9) W�st of the < '.
<br /> `� 6th P.M., in'ihe City of Grand Is'4�nd, Hall �ounty; Nebraska.
<br /> � TocE'rxEa with aIl the irnprovements now or hereafter erected on the property, and all-ensements.
<br /> ,rights,appurtenances, rents royalties, rnineral; oil and gas rights and pirofits,- water,.�vuter rights, And
<br /> . � water stock, and all fixtures now or hereafter attached to the property, all:of which, including replace-
<br /> c � ments.And additions the=etv,-shall be:deemed to be and remain a part of the property covered by this
<br /> - r 'Mortgage; and all of'the foregoing, toge�her with said property (or the leasehoi<1 estate in the event this
<br /> `"",� Mortgage is on a leasehald) are herein r�fened to as t,he "Property":
<br /> ,,`s, Sorrower covenants that Borrower is lawfully seised of the estate hereby canveyed And has ttze rigFit
<br /> '� to moztgage,,grant and_convey the Property;that-the Property is unencumbered;and that Borrower w�ill
<br /> " warrantand.defendgenerall,y the'title to the Property against all claims and demands, subject #n any
<br /> ;�� easem+ents and restrictiars listed in a schedule of exceptions to coverage in any title insurance palicy in-
<br /> � suring Lender's interest in the PropertY, or (2) attorney's opinion of title from abstract of title certified
<br /> = bg borided abstracter. I
<br /> , �
<br /> P�ovtnEn ALwavs,,and'these presents are executed and delivered upon the following conaitions�agree-
<br /> t � ments and obligations of the Borm�ver; ta-wit:
<br /> '� T`�e Barrower agrees to pay to the Lender,or order, the�aiincipal sum of��I�IxY..�zG�1x..�kIQi7SAI�: :
<br /> �[+LQ:�UDTDREU::AP1�_;HQf-10D.-_.-__------- --- -----.-----Dollurs (US $_2�...2QR..�A..:....::. ...:...)
<br /> ,� _ _
<br /> • - ----- . .. _
<br /> � payabie as provided in a. note executed and delivered, concurrently herewith,the final payment of principal,
<br /> ,s . if not,soonerpaid,on the : .:.�:s:� ' ....---- day of_. ._June.--.-.... "
<br /> ;, .....:.......x�.__�op6
<br /> �� LZ�vtFoxaz CovEx�x�s:'Borroc�er and.I.ender covenant und a�ree as follocvs:
<br /> 1. Paymenf oE Prins3T�a1 and Fnterest. Borrusver shall promptly pxy when dua the�rzncipal c�f anci in-
<br /> terest ali the zndebtedness evidenced by t•3�e Note, prepayment and late charges as provided in the Note,
<br /> `', and th�principnl of And interest on any k uCure Advances rtecured by this Mortgage_
<br /> ,�
<br /> ; � 2_ Funds£or.Taxes und lnauramce. Subject to Lender's opGion under paragraphs 4 and:�l�ereo�',Por-
<br /> „
<br /> zawer s6all pav to Lender ai the day morathly instmllmenLs of principal and inter�sC are payabl�,under Ghe
<br /> � �Tote, uptil the'Note is paid in full,a sum (herein"Funds") equal ti� one-tw•elfth of the yearly taxes and
<br /> � assess�ents which may attain priorify ove3 Lhis A4ortgage, and �•pund rents on �he Prnperty, if anv Ialus
<br /> '�k one-tw=elfth of yearly premium instalimen�ts for hazard insurance, plus one-i.weLE�h of yearly premium ui-
<br />� � staliments for mortgage insurance, if aizy� afl as remsonabi,y estimabed initia3ly and from tirne to tizne by
<br /> Lender pn the basis of aesesements and bills and reasonable estimates thereof,Lender shall applv the Funds
<br /> � ta pay said t,axes�as§e�srnents,insumnce premiums and �roend rents. I.ender�hza71 n�flke no charge fnr so
<br /> hold;��:and applying thz Funds ar var.y;ng ar�d�a��i�ing sai�i assessmenizz and bills. The T.ender shall
<br />��{ give to;the$orrower,wit,haut charge,an�nnual accounting of the Funds shawing credits snd debits to the
<br /> ; Funds �nd the purpose fa�r which each d�bit to the-Funds was ranade. The Funds are pledged�s additional
<br />,;;; seex:rity-for the sums sec�red by tlus 113or3gage. The Borrower agrees that the Funds may be held b,y the
<br /> ,��' I.ende� and crommingled�avith other tunds and the Lender's ows+funds and the Lender may pay such items
<br /> from its'own funcls ancl the I.ender shalt �ot• be liable for 3ntcrest ar dividends ora such Funds. k`- "
<br /> � :..��.
<br /> � If the amouat of kh.e Funds held by.I.ender,together �vith the futvre monthl-y installments of �'unds `�`�� • ,�''*
<br /> i � payab3,e priar fro the due dates of tases, assessments, insurance pxemiums and graund rents, shall exceed `'
<br /> z. the am+oi�nt r�+quire3i to p�y said tases�ass�ssmen�S,ir,::uranc��+rc�t�iui�3�iiaci gtvnBu senis as ineY fa3l due> ;���n,^�5
<br /> � such eaCess s13ai1;be,at Borrower's option; either promptiy repaid to Borrowes or credat,ed to Borrower on � ;;�•,,.
<br /> �� mon�h�y:installmente ca#'�Fnncis:3f the a�eot�t of the Fiands 3�eld bv T,ender shall aot be sufiicient r.o pay
<br /> N .r .
<br /> Laxes, ��se�sm�ts;insurance remiums:a.c�sd y p �
<br />�� ^ p grovt�d rents as tti�e fail due,:$orro���er shali ay'tA Lender
<br />�t: any s�nuun��ecessary�s make up the deiacieney within thirty daYs after notic�trom Lender to Borrower �-(.
<br />� � requestang payment ther�of, or$orrower shall, b.y aa increase in muathly insta3lments of Funds req�uired, `
<br />� ° repay t3�e deficiency wittsin the k`und acco�nting perind.
<br /> u�un 1N+Y�esiL in i��si ot a�l sums seeus'ed by Lhis Martga�,n+e,llender shall a}ap3y r�nds#�zia as a creci3i
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<br /> against;;alf sums due.
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