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<br /> INDIVIDUAL
<br /> DUE UN SALE
<br /> '�R�' OPTIONAL IFUTURE AI�VANCES
<br /> SAVIIVGS FUND
<br /> . . ���� FoaM No.720 � . . � . � � � ��. . �.
<br /> Loan Number__3376�____-_J�33 _-_8,7,_h
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<br /> ; 77= (1f).3�29 M O !� T G A G E
<br /> � � THIS MORTGAGE, made and executed th�s .-- ;l...... .... day of _��� t i :...._. _... A.D., ;'
<br /> ` 19...._7.7..;between the Mortgagor, _.Selinst.an:.Y.:...Lin.dsay...and.Mar.y...E_.-1.,3.n say.,--- usband-.�and�•�ife-,
<br /> a ..�o�n].t�r and each in._tfieir_.omn..righty.......-----•- --••----•----�--•---���---•-�--•--��---�..............• --_:.---•--•-- .�
<br /> '' of_._.:G?'.a�d_::island_._____„� County of .:._..._Hall______________�State of.:Nebraska_:.__._,hereinafterreferred
<br /> to as the Borrower, and.the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> LINCOLN, 1235 "N" Street, Lincoln, Nebraska 6$501, its successors and assigr�s,hereinafter referred to
<br /> as Lender.
<br /> r WtTxEsssTx: That the said Borrower for and in consideration of the sum of THIRTY...TH&EE..THALISAND
<br /> � EIGHT-.HUNIIRED..AND..NQ/•10A---------------.---------=r-..-..—�ol:ars (US$33,.800..A�._....._.....------)
<br /> 'r paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br /> , ,; following described property located in the County of ..._.:.Hal.l.............................State of Nebraska:
<br /> s Lot Sixty-seven (67), Wolfe's Subdivision in the City of Grand ,Island,
<br /> '� Hall County, Nebraska.
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<br /> �:p �� .. . . . . . � . . . . . . ..
<br /> :Y� � . .. . . .
<br /> + TocETHEx with all the improvements now or hereafter erected on the property, and all essements,
<br /> rights, appurtenanc�s, 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, all of which, including replace-
<br /> °' ments and additions thereto,shall be deemed to be and rernain 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 /> f Mortgage is on a leasehold) are herein referred ta as the "Property".
<br /> ; Borrower covenants that Borrower is lawfully seised of the estate hereby� conveyed and has the right
<br /> ; to mortgage, grant and convey the Property, that the Property is unencumbered, and that Borrower wili
<br /> i warrant and defend generaily 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 Lender's interest in the Property,or (2) attorney's opinion of title from abstract of title certified
<br /> by bonded abstracter.
<br /> '.; PxovtuEn ALwwYs, and these presents are executed and delivered upon the following conditions,agree-
<br /> �: ments and-.obligations of the Borrower, to-wit:
<br /> �
<br /> � The Borrower a rees to
<br /> y g pay to the Lender,or order, the principal sum of TkI�ATY..TH�EE._T1i0IISAND_
<br /> ` = EI�HT:.HUNDBE.II:.AND.N4f.lQQ-r.---r----r----r.r..---c.----r_cr..-c�ollars (US$...3.3.,-$44..D.Q-------....._--.-) '
<br /> 3 payable as provided in a note executed and delivered,concurrently herewith,the final payment of principal,
<br /> � if not sooner paid,on the..-lst�-- �-- �-------- day of.-------.,July.---.--.-----..-.-----, 39.-----97
<br /> g,
<br /> � ' IJxiFoart COVENANTS. BOTI'OWBT and Lender covenant and agree as follows
<br /> 1. Payment of Principal and Interest. Borrower shall promptly pay when dUP tF1B principal of and in-
<br /> terest on the indebtedness evidenced by the Note,prepayment and late charges as provided in the Note,
<br /> and the principal of and interest on any Future Advances secured by this Mortgage.
<br /> 2. Funds for Tmces and Insur�ce. Subject to Lender's option under paragraph� 4 and 5 hereof,Bor
<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,�sum {herein"Funds") equal to one-twelfth of the yeariy taxes and
<br /> ` assessments which may attain priority over this Mortgage, and ground rents on the Property, if any plus
<br /> c one-twelfth of yearly premium installrnents fox hazard insurance, pius one-twelfth of yearly premium in-
<br /> �' stallments for rnortgage insazrance, if any, all as reasonably estimated initially and from time to #ime by
<br /> Lender on the basis of assessments and bills a�xd reasonable estimates thereof,Lender shall apply the Funds
<br /> to pay said taxes, assessments,insurance premiams and ground rents. Lender shall make no charge for so
<br /> hotding and applying tl�e Funds or ver9fying and coinpiling said assessments and bills. The I.enc3er shall
<br /> give to the Borrower,-without charge,an annual accounting of the Funds showing credits and debits to the
<br /> Funds aiid 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 /> Lendea and comtningied with other funds rtnd t�he Lender's own funds and the I,ender may pa,y such items �; � -;'
<br /> from its own funds and the Lender shali,not be liable for i�iterest or dividends on such Funds. - + "
<br /> � � �� V! a `
<br /> If the acnount o€the Funds held by Lender,together,with the future monthly installments ot Funds ti u .
<br /> �+ payable prior to the due dates of tar_es;assessments, insurance premiums and gro��nd rents, shall exceed
<br /> 1 the amount requimd to;pay said tazes,assessments,insurance premiums and ground rents as they fail due, �� �
<br /> suc2i excess,shall be, at Borrower's option,either promptly repaid to Bormwer or credited to Borrower on �'���J
<br /> montl�ig instal]ments`of Funds: If the amount of the Funds held by Lender shall not be sufficient to pay
<br /> �-; �: �
<br /> taxes, assessments,insurance premiums and ground rents as they fall due, I3nrrower shal! pay t� I.ender
<br /> any amount necessary,to make up the de&ciency within t4�irt,y davs after notice from Lender to Borrower �« �
<br /> requesi:'ing payment thereof, or Borrower�hall, by an increase in monthly installments of Funds required,
<br /> repay the deficiency within the Fund'accounting period.
<br /> T.T�.ion payment in fuli of all sums secured by this 1Vlortgage,Lender shall apply Func3s held as a credit
<br /> j agaii�sL,all�urns clue. - �
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