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<br /> � INDIVI�UAL
<br /> DUE ON SALE
<br /> �� OPTIONAL FUTURE ADVANCES
<br /> SAViNGS FUND
<br /> r` FORM No_720 � �
<br /> r u��N _-_ _-_ --
<br /> loan Number__���67__ 188 —1
<br /> Type BranCh
<br /> 77- UO3€��4 ,�
<br /> M O R T G A G E
<br /> FTHIS MORTGAGE, made and executed this ..._..,1.,,2.�..... .._.. day of .__._ . .__... ._._:_ A.D., ^' �
<br /> . „
<br /> ° 19.__.7.7...,between the Mortgagor, _.._,T_exsy._D...Sixtanerman..and..C_Qx1n.i e.R_.8.��.,._husband..and.
<br /> > vri�'�,-•�°-�t�---aru➢,..eacb...i.n..tJaei.x.:.o.�n._x.i.ght...---------�..........................-------------•---------------��-�--------•-----..... :.
<br /> of :,Gx�aris�..:ZS7.�xid..,.._....., County of ..tiaJ.7.........................State of rIebras�a_._.....,hereinafter referred '
<br /> to as the Borrowec, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to
<br /> as I.ender.
<br /> ' WiTxEssETH: That the said Borrower for and in consideration of the sum of............. ...... .............. '
<br /> p ...T-WE14T�-OluE--TfU�iJSAlYII..TFTQ.HUNDRED--AN�-.NO�.1tlU___..,.....-_....Dol:ars (US$-2��r2a0�.Ofl•�--��--------•----��)
<br /> paid by said Lender, does hereby mortgage, grant and convey to Le�der, its successors and assigns; the
<br /> '; following described property located in the County of ......:. ..........��............., State of Nebraska: :`
<br /> i:
<br /> I,ot Three (3), Block One (1), Westerhoff`s Second Subdivision, being
<br /> a resubdivision� the South Half (S2) of Blocks Three (3), and Four (4),
<br /> and the North Half (N2) of Blocks Five (5) and Six (6), Westerhoff:'s
<br /> First Subdivision, City of Grand Island, Hall County, Nebraska.
<br /> '' ToceTxEx with ali 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 /> ' 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 /> x 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 /> Bormwer 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 claims and demands, subject to any
<br /> i easements and restrictions listed in a schedule of exceptions to coverage in any title insurance policy in- �
<br /> � "' suring Lender's interest in the Propert,y, or (2) attorney's opinion of title from abstract of title certified
<br /> F
<br /> by bonded abstracter.
<br /> . PROVIDED.AI.WAYS� and these presents are executed and delivered upon the foliowing conditions,agree-
<br /> ments and obligations of the Borrower, to-wit:
<br /> The Borrower agrees to pay to the Lender, or oraer, the principal sum of ._.....�J3TY-0NE_.TH�JIISAND
<br /> _: .._..TfaTO._HIT�IiF.�R_AND..1`Q�100--------------.---------.-----.�ollars (US$.....21.,24Q�OL2.....--:--... ...)
<br /> ' payable as pmvided in a note executed and delivered,concurrently herewith,the final payment of principal,
<br /> � if not sooner paid,on the.............7.st--_---..day of-_-.-_-..A_L�gust....- - -.-_...._., 88._2QQ6
<br /> UxiFoaHt CovExAxTs. Borrower and Lender covenant and agree as follows:
<br /> 1. Payment of Pzincipai and Interest. Borrower shall prornptly pa}> 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 pnncipat of and interest on any Future Advances secured by this Mortgage.
<br /> 2. Funds for Taxes and Insur�ce_ Subject to Lender's option under paragraphs 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,a sum (herein "Funds") equal to one-twelfth of the yearly taxes and
<br /> assessments w�hich may attain priority over t}iis Mortgage, and ground rents on the Property, if any plus
<br /> one-twelfth of yearly premium installments for hazard insurance, plua one-twelfth 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 bilis and reasonable estimates thereof, Lender shall apply the Funds
<br /> to pay said taxes,t�asessments,insurance premiums and ground rents. Lender shall make no charge for so
<br /> holding and applying the Funds or verif}�ng and compilin; said sssessrnents and k�ills. 'I'he Lender sttall
<br /> give to the Borrower, without charge, an annuai 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 svms secured by this Mortgage. The Borrower agrees that the Funds may be held b,y the A
<br /> Lender and commingled 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 or diviciends on such Funds. = A�;n
<br /> � If the amount o#th�Funds held by Lender,together with the future monthly installments of Funds 4 N '�
<br /> payable prior to the dve dates of taxes,assessments, insurance prezniums and ground rents, shall exceed '�'
<br /> � the amount requi:red to pay said taxes, assessments, insurance premiums and ground rents as they fall due, ;� .i
<br /> such excess shall be,at Borrower's optaon,either promptiy repaid to Borrower or credited to Borrower on
<br /> monthly installments of Funds. If the amount of the Funds held by Lender shall not be suffiCient to pay
<br /> ta�tes, assessments,insurance premiums and ground rents as they fall due, Borrower sha11 pay tn Lender
<br /> any amount necessary to make up t.he deficiency within t3urt5*days after notice fmm Lender to Borrou�er
<br /> requesting payment thereof, or Borrower shall, by an increase in monihly installments of Funds required,
<br /> repay the deficieracy within the Fund accounting period.
<br /> Upon payme�t in full o#all surns secured by this Mortgage,Lender shall apply Funds held as a credit
<br /> � agaii�st all bwu�iiue.
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