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<br /> DIJE` ON'SALE `
<br /> . �+���'i' OPTIONAL FUTURE ADVANGES
<br /> ���.i7 3AVIIVGS FRJNI7
<br /> Fp�tM No.720
<br /> Loan Number_ 3_3585 ___� 188 __� 1 , �
<br /> x � � � TypC ^HIDnCh
<br /> � ; 77•. �1����7 � � � ��� �
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<br /> + 'I'HI8 i�vIORTGAGE;made and executed this .. - --��1`'"....::_.... day'of .... . . . _.....:. A.D.,
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<br /> m� 19 ._7_7._,between the Tviortgagor,=-•--Ken,sxezh_.E.:..�owl3.ng.and..��nnie::1.....Bs��aling.,.:hushand:.and._...
<br /> �,� .:.�3.�:�..::j.4i.n�:3,Y_.au�.:;�ash..a.n_.xizeiz::e*an♦x.�ghz....... ..:.:..... .. ...... ........_.....------- . • -:.... .....:::. `.
<br /> � of...._Gr�p�_.=��:�d---.c.,,Countv of ----.--......l�:all. --,---..---,State of_::13.ehraslca--.----=hereinafter'referred ; '
<br /> '� ta as.the Borrower, and the 1�Fortgagee, FIFtST FEnERAL SA4INGS AND LOAN ASSQCIATION OF
<br /> `� LINCOLN, 1235 "N" Street, Lincoln, Nebraska 685d1, its successors and assigne, hereinafter refened to
<br /> ; as Lender.
<br /> .i �.� � � �� �� . . .�� � � � . � . � � �.. , .. . .
<br /> '� �Vizx�ssETx:, That the suid Barrower for and in consideration of the sum nf ..THIRTY._EIGHT. THOUSAND
<br /> ' :�OU�.t_:H�DRF�A_iANR.:�?QL�.QA.,..:... r.----r.---cr-r.r--r-.---�ol:ars (US$.38y!�DIIc00.`.-----------•--:)
<br /> `i paid ioy;said I:ender, daes hereby mortgage, grant and convey to Lencier, its successors and assigns; the
<br /> `� "following:described'property located in the Gounty of:.._..._.Hall:._ .:..............:.State of 3Vebraska: `
<br /> � Lot Seventeen (17) Bishop Heights Second Subdivision. Ha1Z County, Nebraska.
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<br /> � fiocETxsa with all the improvements now or hereafter erected on the property, and all easements,
<br /> rights, appurtenances, rents, royalties,:mineral,.oil and gt�s rights and profits, water, �vater rights, and
<br /> 1j water stock, and all fixtures now or hereafter attached to the property, all of which,including replace-
<br /> �, ments and additions thereto,shall be deemed'to be and.remain a part of'the property covered by this
<br /> '. Mortgage; and all of the foregoing, togetl2er with said property (or the leasehold estate in the event this
<br /> ;x Mortgage is on a leasehold) are hereis referred to as the "Property".
<br /> � Borzower covenants thst Bo:�ocs�ar is lawfully seised of the estate hereby conveyed and has the right
<br /> ,� to mortgage, grant and convey the Proparty, that the Property i.s unencumbered, and that $orrower 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 Lene�er's interest in ttte Property, or (2) attorney's opinion of title from abstract of title certified
<br /> � by bonded abstracter.
<br />�� PaovmEn Acwavs, and tkiese presenis are executed and delivered upon the following conditions,agree-
<br /> � ments and obligations o£ the Borrower, to-wit:
<br /> � The Bonower agrees to pay to the Lender, or order, the principal sum of �HZ13�X._EI�HT..TI3QIISAPID.
<br /> � _�9��._#[�7ND�FD.AND.NO/1QQ _-----c . -r.--�ollars ("US $=:.38.�.4Q4:.�1Q......... :......)
<br /> T�ayabie as pmvided in anote executed'and deliverecl concurrently here�vith,the final gavment of prmclpal,
<br /> � if not sooner paid,on the. :.ls:�,,.----_.... day of --..J'�?Y.. . .----_._,�f9�_.200b
<br /> � UrrcFosM GovExwxzs. Borrower and Lender covenant and agxee as iollocvsc
<br /> 1. Payment o€Prindpal mid interest_ Borrower si4all promptly pay when due the principal of and in-
<br /> �,� terest on the indebtedness evidenced by the Note, prepayment and late charges as provided in the I`Tote,
<br /> and the princi�al of and intereyt on any Future Adv�nces securec3 by this Mortgage.
<br /> � Z. Funds for Tmtes and Insur�ce. Subject to Lender's option under paragrmphs 4 and 5 hereof,Bor-
<br /> �� mwer shail pay to Lendex on tlie day monthly installments of principal and interest are payable under the
<br /> � Note, until the Note is paid in full,a sum {herein "Funds") equal to ane-twelfth trf the yearly taxes snd
<br /> assessments which may attain.priority over this MorEgage, and groand rents an ihe Pro�rtv; if any plus
<br /> �', otxe-twelfth af yearly premium installments for hazard insumnce, plus one-twel#th of y�earl,y �remium in-
<br /> st.allments for'mortgage insurance, if anv, ali as reasonat�ly estimated initialIp and frc�m time ta time by
<br /> � Lender on the basis of assessments and bills and reasonable estimates thereaf,I.ender shalt ap�aly,the Funds
<br /> %; to pay said taxes; assessments;insurance premiums and ground rents.,Lentler shall make no chazge fc�r so
<br /> ;.; holcling,and:ap�lying the-Funds or veri£ying and compiling said assessments and bills.The Leaider shall
<br /> � �ve to-the Bormwer;without chRr�e.an annital arrn�znting of the Fund��howinc cred+'ts anci debit�c to the �
<br /> � Eunds-$nd.therpurpose,forwhich each`debit-tothe Funds was-made. The Funds are pledged asadditional
<br /> security fvr the sums secured by tkxis 1�Iortgage. The Borrower agrees that the Funds rnay be held by the
<br /> '� I.ettder and commingled with other funds and the Lender's own funds And the Lender may pav svch items f
<br /> ; [mm its owvn funds and the Z,ender shsli,not be liable for interest or dividends on 5uch Funda_ , ;�°"�`" `` �'^
<br /> ,� If the amount of the Funds held by Z.ender,'tugether-with the future month3y irastallmenta of Funds �"' �' ya'"'�
<br /> ,s payabie prior to the due dates of taxey,assessm�ts, insurance premiums,azid:ground rents, shali cacceed � ;�9�.
<br /> ; the amount rex}uiced to pay said tase;,assessuieats,insurance premiuma and;ground rents us they fall 3ue, ;,�,,
<br /> ' aueh estee�s sl�atl be,at Bozrowez`s optSan, either proznptty repaid to Borrower or credited to Borroweron ` ��,�;': -
<br /> j monthly=i��ts7lmeats,of I'iunds. If��the arnawnt of���the Funcis held�by Lender ahali�not be sufFcient t:o�pay � ����'•�
<br /> ;� taxes, asseasmantis, insurance premiums.and gmund xents'as they fall due,$orrower shmll pav ta I.ender ��
<br /> ,� anp amount..necessary to inake:up the defrciency withia thirtv davs aft+er notice frnm F.ender to $orrower " � 1 " .�
<br /> ,t reqaaeszang°gayment thereuf, aa Borrower!shsll, liy an inerease in monthiy installment:s of Funds required. '" `"° '
<br /> re}�y t�ie ilefieiency rvitiun tiie Fund accounting:periad, -
<br /> ; : Upon pay�ment in fuIl-of ali sums secnred by this Martgage,Leader shall apply Funds held as u credit �
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<br /> against a1i sums due.
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