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<br /> �►wtoiv�ous►�.
<br /> DUE ON SALE
<br /> �" OPTIONAL FUTLIF2E ADVANCES
<br /> R� , SAVINGS FUND �
<br /> � r_` �FOrss.i No.720 � . �
<br /> ��� Loan Number__--33093-- 188_ —. 1;
<br /> ' ---- --
<br /> � . . � y_— iYDG 8��wnCh ' �
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<br /> ; �;;.: '7T- U Q 2�3 7'7`, M p (� T G ,q G E : ; .
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<br /> j THI3 Mf3RTGAGE,made and executed this :.:...�7..:... day of .._:.: �"°�'��' ...:.:_.._.. A.T3., :;
<br /> ° ]9 7.7_;between the Mortgagor, kl�zlis�...M,.::�C�mgks �md k�exna- w K,empke, h�l5ansl aud sai.€e,__
<br /> ,:� . 34�.���,Y a�d �a�k� �n..the.�� �a.._x��#fi. .._ :.. -- •----....._
<br /> .. ------ ._..._ � . : .
<br /> .
<br /> � of�__,Hastingrs:.. ..--.:..,Gounty of ,:. Adams.-- --..._..---::,State oF..NeJa�a�1s.�...--->hereinafter referred � �
<br /> "'�g` to as the $arrower, ana the Ivlortgagee, FIRST FEDERAL SAVINGS AIVD LOAN ASSOCIATIOIV OF°
<br /> � LTNCOLN, 1235 "N" Street, I.�ncaln, Nebrnska 6850I,'its successors-antl assigns, hereinafter r.eferred to
<br /> n � as Lender.
<br /> � r �r 'Z'i� t t�i saicl Borrower for arsd in consideration a£the sum of_TGIENTY FIVE THOUSAND `
<br /> �z SIX��i17�QND�`� �ND �/1 (� ---- ------Z]ol:ars (US$.:.?5_�SA.O..QD.:_._ ..__.._.:)
<br /> ,;�
<br /> , . . _..._. ,�_�_.. ..._.._ ...:._._ ......_. •.... ......... .:.........
<br /> paid by eazd Lender, does hereby mortgage,grant and convey to Lcnder, its successors and-assi�ns; the
<br /> �,� ' fol2owing descri6ed property focaied in the County of---:----:.Ha].�-•-- ------- -------- State of Nebraska: . ;,
<br /> *4 � � � � � � , � ,
<br /> :� Lot ?'en (10) in Block Twen�Gy Eight (28) in Gilbert's Third Addi-�ion
<br /> to the City of Grand Islanc3,.Ha11 County3 Nebraska.
<br /> ti�
<br /> ::k -
<br /> � � �.
<br /> 1 � ToceTxEx with all the impaovements now or hereafter erected on the property, and ali easements.
<br /> r � rights, appurtexiances, rents, ruualties, minernl; ail and �as rights ancl prnfits; water, water rights, :and �
<br /> �
<br /> , °;� ' water.stock;and a1T fi�ctures now or hereafter attached to tho property; all of which;`including zeplace- ' . ' �''
<br /> �, � ments and addations tnereto,shall be'deemed to be attd remain`a part`of the progerty co�ered by°this
<br /> ,'f -:�for�gage; and ail af the forego�ng, together wiih`said property (or'theleasehold estatein the event'this
<br /> ;;� Mortgage is or�'a leasehold) are herein referred''to as the "Property". ` '
<br /> Borrower cove::anta bhat Borrower is Iawfully seised of the estate here�y conveyeci and has the right
<br /> to mortgage, grant and convey the Property, Cha.t the Eroperty is unencumbered, and:that Borrower will
<br /> warrant ai�cl defend generally tixe title to the Pro�erty against all claims and demands, subject to any
<br /> { � easements and restrictions 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 frorn abstract of title certified
<br /> �� by bonded abstracter.
<br /> '"� �� PROVIDED lALWAY3���.SI1CI��L�1[:..^+L'.pT03CIItS�BTC 2XECl3tCC�BSICI.C�.CIiV@TE(�UpOD tll2 fOlIOWYI1g�COZl�ti0315�8gi'2B- � .
<br /> , ments and obligations of the:BarTower, to-wit: : ,. ", `
<br /> °F The`$orraaver agreer to pay to the I.ender, or order, the grincipal sum of'�KTX::EIV�:.TH�.�IIANT�::_
<br /> : .:.SI3�.HITNDAED.`.AIID...NQ11A.Q----- _---crr.---- cr.- --.----33ollars (US$:'---25-.fiOD_..QQ�:- •--.•-,)
<br /> s ,� pn_yable as provided in a note executed and delivered-conc.zirently herewith, ihe final payment of principal,
<br /> , ,
<br /> if not sooner paid,an the....----�7�St ._..----.: day of . ...:.:�?�?�._.:....... .......... lffiz�.2QA6
<br /> �
<br /> i.�i LTxtrroxNr CovaxnNTs.Borroaver and Lender covenant and agree as follows:
<br /> � L Payznen;of Principal�d 3nteres�. Borrower shall promptly pay when due the principal cof and in-
<br /> 4=,"k terest on the ixs<iebtedness evidenced by the Note, prepayment and late charges as provided in the Note,
<br /> '� and the principal of and interest on any Future Aatvances secured by t}ais Martgage.
<br /> _ ` 2. €unds for Taxes:�d Insuz�ce.' Subject to Lender's option under paragraphs 4 and 5'hereot, F3or-
<br /> � rower shall pay'to Lender on the day monthly installments of principal and interest are payable under the
<br /> Note, until the. Note is:paid in full,a sum (herein "Funds"} equai to one-twelft:h o# the yearly t.axes and
<br /> ` ;� assessmettts wh3ch inay attain prsority over this 1VIortgage, and ground rent�s on the Property, if any plus
<br /> � one-twetfth o# yearly premium iz�stallments far hazard insurance, plus one-twelfth ot yearl3• pxemaum in-
<br /> _;•� stallmen�s for r�ortgage.ineuran�e,if any, all as reasonablv estimated initiallY and fmm time to time by
<br /> "•�z i.ender on the basis of assessments and bil3s and reasonable estimates thereof,Lender st3a11 apply-the Funcis
<br />� to pa3�said taa�es,assessments,ia�surance premiums and ground rents;Lender shall rnake uo charge for sa
<br /> as
<br /> r ; hulding atid a�lyiug i?ie Funcis ur veriiying.asci compiiing saici assessmenis tuid�alis. Th�e Le�aier shail
<br />� �ive Lo#iie Bor_rower,43•ithoat:ch.arge,an annual.acconnting:of tHe�unds showing credits anc3 delriis to the
<br />� : Funds and the purpase fpr which eaeh debit to the�`unds was made. The Funds are p�edged as aEdditionai
<br />�, ,, aecurity for tkee.sun3s secuted by this_Mortgage. �3xe Borrower agrees that the Funds may ne he't�l by the .
<br />� f i.encier and eo�cningler3 wiih U4'ruer funeib anci th� i�encier'S uwn funtis and i:��e Lencier n�ay�uy srueeh it;eins
<br /> � from its avvn �ds and t#�e Lenr3er ahall not be iisble foz interest c►a dividends on such Funds. ;. ��
<br />� { If the arr�o�n�of the Funds�eld hy::Lender,tu�ether with the tuture monthl,y installments of Funds ��' ,
<br />�'� � payat►ie•pfiiar�the due:dates Qf kaxes,•assessmeats, iasurance:pzez�aiums and ground rents, sha31 exceed ''
<br /> »
<br />;a�,� the amAunL re4sxi�aed to pay sa�d�ases,assessmeats,i�suzance premi�ns and gmnnd rents as they fall due, � .>
<br /> eac:h,eaccesa sb�l:be,at Borru�srst-'s optiou,either psompily repaid io:Borrower or cr�ied io Bozsosver on
<br /> � cnonthty inst.aalsnents a#'Funds. If Lhe asnount of the Fuuds held bv Lender shail not be sufi�icierit:to pay �"�
<br />�.��`'� t�r,es, �ssess�k3,in�as�ace;src�iwns and grou,nsi renis as f.hey fali due,.SorroH�er shail�ay :,+�:.endez ��:
<br /> wny amrnmt ria�c^e�aa�ry t�make�t,he e3efiri�ncs:�sit.hia t�irtY:da3�s after actice Sro� 3,cnder to �ozrower " -'`'�.
<br /> �4��'�8 P$3'�Nat theneat, or �ornrwer shali, by an incnease in mc�nthiy insbailments of Funds required, a�`:'
<br /> r "
<br /> , " reljaY 2he ds�iii+ericy witi�i�i Lhe Fuud accounting -period.
<br /> L3g�ori�a u�r+++��t ia� fiili c�fi�rii �itm4 seet�red bS �is�1'for!'gab*e>Le!�zder�ha�3 appl��Fcrnc�s hrid a.=a�red2t
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<br /> agaansi si11 sumrs d�e.
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