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<br /> IIVDIVIDUAL
<br /> 'DUE ON SALE
<br /> OPTIOMAL FUTURE ADVANCES
<br /> ' �r , SAVINGS FUND � '
<br /> LI�ViJ_ FORM N0.7Z0 . .. . � �
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<br /> Loan Number___�.�4,54__-_199__-_�J..n
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<br /> 77 ' � � M O ��R T �G A ��G E��� � '`�
<br /> �; �� ' �1�Q379� � � �'
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<br /> � , THIS MORTGAGE, made and executed this _..:.... .�........ day of ._.���...... :......... A.D., g- !
<br /> � : 19 �7' between the Mortgagor JPS�RI).k' T.sahS2W�tz e ' �'.
<br /> � -- --• ---.... •--c-- ------- •- �--• •... .............. �:,
<br /> of._._.;:Grand,.;Island,.,__,� Connty of: ......_:�al�...............State of._.lYsb.xa&k.a .._..,hereinafter referred "
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<br /> � to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF ;~
<br /> e LINCOLN,"1235 "N"'Street, Lincoln, NeUraska 68501,its successors and assigns, taereinafter referred to '
<br /> � as Lender. � '
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<br /> � = WrzNEssETx: That the said Borrower for an8 in consideration ot the sum of :TWENTY,THREE,_THOUSAND �:;
<br /> 1 SEVEN HUNDRED FIFTY:AND,NO/100--,.,.----------------.-:�ol:ars (US$.23,:750 00----...... ::. ._) :,
<br /> ----- -------�- -- 1,
<br /> � paid by said Lender, does hereby moTtgage, grant and convey to Lender, its successors and assigns; the " i'
<br /> ` � following described property located in the Gounty of ......__.Hall _____________gtate of Nebraska:
<br /> 's The North Twenty-eight (28) feet of Lot Sixteen (16), and the South 'Phirty-two (32) ^
<br /> = feet of' Lot Fourteen (l�+), in B1ock Nineteen (19), in 5carff`s Addition to West � ,
<br /> ± Lawn; in the City of Grand Island, Hall County, Nebras2za. ;` '
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<br /> ' !"r TocETx�a with all the improvements now or hereafter erected on the property, and all easements, ' +`
<br /> ; rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and �
<br /> h water stock, and all fixtures now or hereafter attached to the property, all of which, including replace-
<br /> ' °b ments and additions thereto shall be deemed to be and remain a
<br /> , part of the property covered by this
<br /> � Mort$age; 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 the 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 clairns and demands, subject to any
<br /> � easements and restrictions listed in a schedule of exceptions to coverage in any title insurance policy in- j
<br /> � suring Lender's interest in the Property,or (2) attoxney's opinion of titie from abstract of title certified i
<br /> ; by bonded abstracter.
<br /> � PaovinEn Ar,weYs, and these presents are executed and delivered upon the foilowing conditions,agree-
<br /> � ments and obligations of the Borrower, to-wit:
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<br /> � The Borrower,agrees to pay to the I,ender, or order,the principal sum of �.bt�bJxY...THx,EE THQiISA�IDt. '
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<br /> � SEVEN:.HUNLIRED FIFTY AND NO/100_,.._-----.-----.--- .-_---.'�ollars (US $--23..75Q.:Q0... ---.-•--) �
<br /> }: payable as provided in a note executed and delivered,concurrently herewith,the final payment of principal,
<br /> ' � if'not sooner paid,on the k'�:rst.....-•-------..day of Ji?1Y....... .............. .......... �._2.P42
<br /> Y UNiFoeM CovExnxTs. Borrower and Lender covenant'and agree as follows:
<br /> 1.'Payment of Principai and Interest. Borrower shall 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 Note,
<br /> ; and the principal of and interest on any Future Advances secured by this Mortgage.
<br /> � 2. Funds for Taxes and Insur�ce. $ubject to Lender's option under paragraphs 4 and 5 hereof,Bor-
<br /> `' rower shail pay to Lender on the day monthly installmen�s of principal and interest are payable under the
<br /> � Note,'until'the Note is paid in full,a surn (herein"Funds") equal to one-twelfth of the yearly taxes and
<br /> � assessments'which may attain priority over this Mortgage, and ground rents on the Property, if any plus
<br /> one-twelfth of yearly premium installments for hazard insurance, plus one-tweifth of yearly premium in-
<br /> ? atallments for`mortgage insurance, if any, all as reasonably estimated initially and frocn tixne to time by
<br /> ,, Lender,on the basis of assesFments and bilis and reasonable estimatea thereof, �Lender shall apply the Funds
<br /> a to pay�aid tases, assessments,insurance premiums and ground rents. Lender shall make no charge for so
<br /> holding and applying the Funds or verifying and compiling said assessments and bills. The Lender shall
<br /> ; give tc�the Bo;mwer,withou't charge,an annual accounting of the Funds showing credits and debits to the
<br /> � Funds agd the purpose for which each debit to the Funds was rnade. The Funds are pledged as additional
<br /> `.' security for the sums�secured by this Mortgage. The Barrower agrees that the Funds may be held by the
<br /> ? Lender and�ommingled with other funds and the Lender's own funds and the Lender may pay,such items �
<br /> � � from its own funds and the Lender shall not be liable for interest ar dividends on such Funds. � - ' '�ti
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<br /> 1 if the amount of the Funds held by Lender, together with the future montlily installments of Funds ''� � a�i ,���
<br /> payable grior to the due dates o#ta$es,assessments, insurancs premiums and ground rents, shail exceed �' ^,�a�
<br /> �� the a�ou�t required to pay Qaid tases,assessments, insurance premiums and ground rents as they fall due, ��,��
<br /> auch excess shali be,at Borrower's optios�t either promptly repaid to Bonower or credited to Borrower on •����,
<br /> � monthly installinents b# Funds. If the';amount of the Funds held by Lender shalt not be sufficient to pay ' � �
<br /> jtaxes,assessrnents, inaurance premiunns and gtaund rents as they fall"due,Borrower shall pay to Lender �
<br /> , any amoxant necessary"to maice up the,deficiency�v�thin thirty days a£tex notice from Lenc3er to Borrower ' ,w
<br /> �� requeating ayment thPreof, pr $ozro�ver�hall,'kay an'incrcase in monthly installments of Funds require�+,
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<br /> � ; repay the �eficiency within the Fund accounting period.
<br /> LJpon payment in fuil of all sums secured by this Mortgage,Lender shall apply Funds heid as a credit
<br /> ", � againsta2l Aumq clvP. `
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