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<br /> OtJE`ON SALE
<br /> ��'_' OPTIOiY/�L F'UTURE ADVANCE3
<br /> , � SA�VINGS FUND � �
<br /> i . . . �� �� ForxM ka.720.. . . . . . �. ..
<br /> Lc�an Number__33085 ��_1$8 �_�1^�
<br /> � ,�,�"" 003�.��
<br /> �;�g ; � � ���� �� M +O���R T G A� ��G E�, � �: �k
<br /> Mx THIS MGRTGAG�,mAde and eaeccned this � ziav of -.r4^r A Ll., ` " x
<br /> �' •` 13 7�.,betweenth�Mort�agor D�4���� t S�SiFcdlQr and- Lorraine N' Spzndler� husband'am� �'`
<br /> a �, ......�.�a�,:��;:3-R�.3a.t.13* a�.d �as7Ei �n.:.t.�ear awn ri8h5� _._-. : ..... __ . .._..--•-- ; '
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<br /> ,.�, of_�rx�t�,..��.��1�......:...... Cauntyof-_. .Ha�:l. ..:;.........., S�ateof :_.Nebraska..._.,hezeinxfterceferred
<br /> w � �o as Lhe Borrower, and the ?Vlortgagee, FIRST F�'DERAL SAVINGS ANI?LOAL^d ASSOCIATIUN t7F ` ,
<br /> ° ;�' I.INCOLN, 1235 "N" StFeet,:Lincoin,Nebraska 685Q1, its succ��sors anc€ assigns, F�ereinafte: �afe::c�? tn
<br /> , k as Lender.
<br /> � � WFxr�EssexH: Z`hat the said Barrawer for and sn consideration of the sum of j�IRTY,.TE3REE..THOT��APID �
<br /> � .... �
<br /> � .�OLiR_.73��,i?..AC?�_�Q/1.Q.Q,:-- -------- .-- . ..-- --- --- --.-Do2:ars (US�3,ti'00_ QO...�.� .... ,.:._)
<br /> � paid by said Lender, does hereby mortgage, �rant a�d convey to Lrnder, its successors and assigns; th�
<br /> � � folloGuing described psoperty located in the Countv of...._.. Ha11 ,.,._: :,„ St�te of Nebraska: ' ' "
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<br /> ,-�" � �� � � i�� xS+�
<br /> d�� I,c-i Eight ($) in:"Husman`s Subd3:vis�.on", io �he City r
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<br /> { � of Grand.Island, Ha71 �ounty, Nebraska. ' f c
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<br /> � 'I`ocE-+�x�tt�vith all the ia*TMrroeeznPn+= naEv ar hereafter srmcted on tFne propertg�, and all .nsssmsnts., ' r
<br /> �` rights,.appurtenances, rents, zovalties, inineral; oil and g1s rights and profits, wa�.er, water rights, an�$ �T`
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<br /> � wa�er stocl,:,and all fvxtures aow or.hereafter attactxed to the properiy, all of which; including repIace- �
<br /> '� � ments anx�additions thereto,shall be;deemed t.o be and remaiz3 a part of the prapKerty covered by this ' ' ` '
<br /> � Mortgage;and'all of the foresoing,together with si�id�ropert� (or the leasehold es-tate in the event tlais � �.+ :
<br /> �'.. Mortgage is on'a leasehold) are herein referred to as the "Property". ` � ! , x,
<br /> � Borrower.cavenants that $onower is lawfvliy seised of the estate hereby conveyed<and has the ri�ht
<br /> ' 4 ta murtgage,grant az3d,convey ihe Property,that the Propert�is unencumbered, axad that Bo�rrower will
<br /> ' warrant arad defend generally the title to the Property against all claims and demands, subj�ct to any }
<br /> � � easemernts_and restri�tions listed in a schedule of exception� to covera�e in any title'insurance policy in- " ` "
<br /> s'� suring Eender's interest in the Property, a� {3} attorney's opinion of title from abstract of titie certified
<br /> �'4'.� by bonded-abstracter_ =
<br /> s t'� I'sovz�En ALwnYs, and these presents are eaecuted and de�ivered upoz�the following conc3itions,agree- ; `
<br /> ttaents aud abligations of the Borrowar,-to-�uit: + - -
<br /> �`� ; , _.
<br /> The Sorrower a 5
<br /> . ,x grees to pay* to the Lender, or orcler, the pr�ncipat surn of:2�I���'.i:T..��__�fiAU�AI3A :
<br /> , ..EOI3&�.HDIaiDRED;!�I3D::N1ZI14D.=-'— -- ----- -- ....Doliars CUS'$....��,.4A.Q,.QA_�_. :.:..:.:_) ' ' '
<br /> ----._ ...---- -----�- �•------
<br /> payable as provided in a note executecl anc3 delivexed, concvrrei�xl��herewith;ilia final �>ayinent of princigal,
<br /> ;''� if not sooa�er paid,on -the._..��t:_ --•------ day°f---�iLl�e:- -------- -.-- :.:,--->R8..�0_R2 ' �;'
<br /> � U�,viFtaaM CovENa�rs. Borrower and ixnder covenant arxd agree as folivws:
<br /> 1. Payment of Principai cmd 3nterest. $orrower shall promptly pay when due tha�rinc:ipal of and in-
<br /> Y� terest on t��e indebtedness exidenced by t2xe ATote,prepa,yment and late chazges as p>rovided in the iVote,
<br /> and the pattcipal of and interest on any Future Advances secured by this Mortgage. ' „,
<br /> j 2. Fturds for Taxes=and Tnsuar�ce. Subject t�o Lender's o�tion uncter psrr+graphs 4 and 5 hereof Bor-
<br /> ,;.� . rower shal€pay to I.en�er on the day monthly instalt�nents of�rrincipal �rnc3 interert r�re payal�le under the
<br /> :� Note,untiL the I*Tote is paid in full,a sum (herein "Funds") equai to one-tu�eIfth of �he yearly� taxes and
<br /> assessmenLs which mav attain priority over this Martgage, and�round rents on the E'roperty; if an�� p3as
<br /> � one-twei#tts of yearly premium installments ior haz.�rd.insnran�e, pdus one-twelfth o€yeari�•premium iis-
<br /> ,'.`� stallmen�s for mprtgageiinsurance,if any. .a11 as rQasonablv �tianated initiallv anc� from t.irne to time bv "; r
<br /> - =� I.ender on the basis of assessmenis and'bi1L�and reason_able estimates thereoE,Lendez s3is11 ag�lv the Funrls ;;` „`.`,'
<br /> s +^i,a��a;�i� t�es_as,scssrnenks,i�surance :aen�iums ard gr�ii3az::a rents. Z�u�=;r;ha2i n�ake no ti�ar�e for::�� ,,
<br /> � �olding- and app3ying #he Funds or verifyi�ng and cornpiling said assessments ana bi11s: Tlie Z.encler�hall
<br /> 9 � �ive ta the Borrower,�+vithoat charge,an aanual accounting of tY�e Funds showing crec3its and debits to the �: ; '
<br /> �unds aad the pu�ose-for whieh`each debit to the Funds was rnade. The Funds are pledged as,additiona3
<br /> i., secprityr:for the sums secured by ti�is 3��ort..�a,�e.:The Borrower agrees t�at the Funds may be held by the y � '
<br /> � 3.ender ant�..eoxn�3img��d:with other fu�ds and the Lenzler's osvn-#unds sncl the Lender maY F�Y szsch it�ems � ^ �,a;:
<br /> 5 from its own funds aud the Lender shall aat be liable.for inter�st ur dividencis on sueh I�unds.
<br /> ,�. . i£tlie�r�ttouat nf�he Fzuar1s,33e3d by:Lzndec;�get�er�vith t3�e futura �onthly �taliz*�ent� fl# �'sntL� `�'� �a�
<br />�y�r �say$Sle�ri,�z.to�he s3aie,dates of tases,-sss�assment�, insurauce: remiuxns and z_e
<br />€�'" �lte amoexm�t+equized trc�pay said�axe.c,'assessments„ita.sprance r+emiums and ��3 rents shall exceed � ,;
<br /> t snch•�seesry s�a�1�e:aat $ozros�er's o #ao � �'uund r�nts as they fall'due,
<br /> � P ' n,+eitiier'p�masptly repai�r3 to Borrower or crec�ited to Borrower ora ��
<br /> �c+�an�ht� in�fallments+uf F'aa�_ if the arn+�unt vf t?�e k'e�rds �xe�d by.Lfndes shall not be �.,^..
<br /> ' � ��.��: ,. ,,, -
<br />� '� L�ases..a�tneuts,in�urAnce�remiumF; and gma�csd ren� aR t.hay fali rlve, �iormwer�hall r,r�v t� Ixnder .' �'
<br />�, any.amnasn�aec�s.vary tn make u�the defeiency-with��ct thir�y c�ays after notice fmn; Lendes to Borrower
<br /> requesLitag psyment t2aexeo�, az Sorrower s3hatI, by an increase ia mant�sly iastallmerats of Funds Teqnired,
<br />� rePaY#kxe r�efictez�cy withu► ttse F'uud acac�a�ting period. °.
<br /> E Llpon g�a3rsneat in� #ult vf al}'Fums secur+ed hy this 3�iortg�ge, Lender sha�i apply Funde;heid as a czeclit
<br /> i
<br />' ,� agai�st atl a..ums ciue. �
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