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<br /> IfVDiVIDUAL
<br /> DUE ON SALE
<br /> ���T�� OPTIONAL'FUTURE RDYANCES
<br /> SAVINGS FUND
<br /> t'CV�R/'9 FORM No.720
<br /> , �NCOLN Loan Number__33620----188 __--__ 1__
<br /> � . . .. . . . .. . . ' . . TYPc Hranth :
<br /> 77- �)(.l 3 6 2'7 M O R T G A G E
<br /> � > THIS MORTGAGE, made and executed this ..r��.... ..... day of __ ... . ..�.e..,.l._ ..:.. A.D.,
<br /> ,
<br /> 19._3.7_..,between the 1�Zortga�or, ..�ti.sh�r.d_.�:�:_.1tQ�.dez`..ansl..Csznn�.�..J..:.ZLaesi ..��shand_.anc1_raifa
<br /> " :..1Qi���X._a?l�__�.a�1..in._th�_�.X..P�a!�..�kP�i�:....._..--�-. ..... ..........��------�--...-�------•----...-•---•----�---......_._---�•---•--�--•-� s
<br /> r, of_...Wood,.River.............� County of . ...... ....Ha��__:_..__...,__,State of ...i3.ebzzs7.ca...._.,hereinafter referred '
<br /> to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVIIeTG�AND LOAN ASSOCIATION OF
<br /> LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns,hereinafter referred to
<br /> as Lender.
<br /> WiTx�ssFzx: That the said Borrower for and in consideration of the sum of..FIFT.Y..EIYE..T73QIISAND
<br /> ' ; ANI2..�?Q/1A.4----------------c-.---r.-.---------r.r..----r..---�oIlars (US $.5.5>40lJ...QO.......... ........)
<br /> paid by said Lender. does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br /> � j following described property located in the County of .._....ktaZZ.__.._.................... State of Nebraska: ;�
<br /> The South 610.65 feet of the Soixtheast Quarter (SE,i—,) of the Northeast Quarter (NE,i—,) of Section
<br /> 19, Township 10 North, Rar�ge 11 West of the 6th P.M., Excepting therefrom the Union Pacific
<br /> Railroad Company's Right-of-way, e�ending in a Southwesterly direction through said Tract; and
<br /> also Excepting therefrom that Part thereof heretofore conveyed to the State of Nebraska by Quit
<br /> Claim deed recorded in Book 81, at Page 124, of the Deed Records of Hall County, Nebraska and
<br /> , by warranty deed recorded in Book 122 at Page 355 of the deed records of Hall County, Nebraska,
<br /> and also excepting therefrom that part thereof conveyed to Newe11 Hoback and Rosa Hoback by
<br /> Warranty Deed recorded in Book 128 at Page 447, of the Deed recards of Hal1 County, Nebraska.
<br /> TocETxEx with all the improvements now or hereafter erected on the property, and aPl easernents,
<br /> rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and
<br /> water stock, and all fixtures now or hereafter attached to the property, alt of which, including replace-
<br /> ments and additione thereto,shall be deemed to be and remain a part of the property covered 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 leasehold) are herein referred to as the "Property".
<br /> Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has t.he right
<br /> to mortgage, grant and convey the Property, that the Property is unencumbered, and that Borrower 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 Lendsr's interest in the Proper�5•,or (2) attorney's opinion of title £rom abstract of title certified
<br /> by bonded abstracter.
<br /> PROVIDED ALWAYS� and�these presents are executed and delivered upon the following conditions,agree- �
<br /> ments and obligations of the Borrower, to-wit:
<br /> ' The Borrower agrees to pay to the Lender, or order, the principal sum of ..FIFTY..EIVE..TH(WSANA--.
<br /> � � ADID..NIII-100------------.--_------�-------------------------�ollars (US �u..._.55,OOD...00--.......__...._)
<br /> payable as provided in a note executed and delivered,concurrently herewith,the final payment of principal,
<br /> if not sooner paid, on the._.l,st------------------ clay of .....JtiJ_3t........ ... .... ... _......, �..2Q06
<br /> UxrFoxrvr CovErrnxa�; Borrower and Lender covenant and agree as follows:
<br /> 1. Payment of Principal and Interest. Borrower shall promptly pay when due the principai of and in-
<br /> terest on the indebtedness evidenced by the Nc:e,prepayment and late charges as provided in the Note,
<br /> and the principal of and int�rest on any Future Advances secured by this Mortgage.
<br /> 2. Funds for Tax.as and Insurance. Subject to Lender's option under paragraphs 4 and 5 hereof, Bor-
<br /> mwer 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") equal to one-twelfth of the yearly taxes and
<br /> assessments which may attain priority over this Mortgage, and grourid rents an Yha Property, if any plus
<br /> one-twelfth of-yearly premium installments for hazard insurance, Plus one-twelfCh of yearly premium in-
<br /> stallments for mortgage insurance, if any, all as reasonably estimated initially and from time to time by
<br /> Lender on the basis of assessments and bills and reasonable estimate�thereof,Lender shall apply the Fundn
<br /> to pay said taxes, assessments,insurance premiums and ground rents. I,ender shall make no charge for so
<br /> holding and appiying the Funds or verifymg and compiling said assessments and bills. The Lender shall
<br /> give to the Borrower,wit,hout charge, an annual accounting of the Funds showing credits and debits to the
<br /> Funds and the purpose for which each debit to the Funds was made. The Funds are pledged as additional
<br /> _ security for the sums secured by this Mortgage. The Borrower agrees that the Funds mav be held by the
<br /> I.ender and commingled with other funds and the Lender's own funds and the Lender may pay such iteins � , A
<br /> " ' from its own funds and the Lender shall not be liabie for interest or dividends on such Funds. �5
<br /> If the amount of the F'unds held by Lender,together with the future monthly instaliments of Funds } 'x:� �
<br /> L payable prior to the due dates of taxe,s, assessments, insu:ance premiums and ground rents, shall exceed 1
<br /> the amount required to paysa�d tases;assessments,insurancepremiums and ground rents as they fall due, �f:
<br /> .,.
<br /> such;excesa shall be,at Borrower's option, either promptly repaid to Borrower or credited to Borrower on ��.
<br /> ` moniihly installments of Funds. If the amount of the Funds held by Lender shall not be sufficient to pay " ` "
<br /> taxes, assessments, insurance premiums and ground zents as they fall due, Borrower shall pa,y to Lender
<br /> any amount necessary to make up the deficiency witl�in thir�y days after notice irom I.exider to Borrower
<br /> requesting paym•nt thereof; or Borrow�er shall, by an increuse in monthly instal:ments uf Fands required, '"
<br /> repay the deficieaecy within"the Fund'accounting period.
<br /> Upon payment in full of-all sums secured by this Mortgage,I�nder shall apply runds held as a credit
<br /> against all Fums riue.
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