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<br /> INDlVIDUAL
<br /> GUE ON SALE
<br /> i Fl�'r' OPTIONAI. FUTURE ADVANCES `:
<br /> �� SAVINGS F'UND
<br /> u�� FORM Na.�720
<br /> Loan (Vumber__ 3366i___-_ 18S -_1__
<br /> r' � . TYV¢ 8raneh
<br /> 1
<br /> ` MORTGAGE �': '
<br /> ' µ�7'- tJ Cl 3'�7 7
<br /> , THIS MORTGAGE,made and executed this ._.../�_.. .. __.... day of _.,... ..._ ..:. A.D., '
<br /> . .... �
<br /> ' 19__.77.,between the Mortgagor,...�?u�Ae...A;.--Bu�&:.:and..Gr�t,chen._R....Buss,.. ushand_and.`aifa,----..._ � ,' .
<br /> a,ointlX�.and_.each:_in.tfieir own...right.>..:.......... ..�-•-�-------:.........._.... .._.::.....--•--•-•�------..__..........._ ..:.:_.... „ ,-;
<br /> ' Grand Island ' al_ ''
<br /> of...... .......... .... .... ....... County of _.... ... .f?.. �.._ ..._.., State of...�7ebxzsk.a--.--.,,hereinafter referred
<br /> to as`the Borrower,;and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafte;referred to
<br /> as Lender.
<br /> ' s,
<br /> ' �D �f�sETH That the sa3d Bprrower for and in consideration of the sum of THIRTY SiX THOUSt�iND +
<br /> ...._
<br /> ' .......... .....:. ......:.. ......:.: ....:... .......... . ....... .•--•--....._�ol.ars (US$.36,000 00---• -----.., __.)
<br /> paid by said Lender, does hereby mortgage, grant and conve�t�1Lender, its successors and assigns; the
<br /> foAowing described property located in the County of .._.._.._:_ .a .:....._..., State of Nebraska: " `
<br /> Lot Fifteen (15), in Fonner View Sul�division, an Addition to
<br /> +, the City of Grand Island, Ha11 County,Nebraska.
<br /> ' TocExHEx with all the improvements now or hereafter erected on the property, and all easements,
<br /> J rights, appurtenances, rents, royalties, mineral, oil and gas rights and profi�s, water, water rights, and
<br /> � water stock, and all fixtures now or hereafter attached to the property, all of whfich, inciuding 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, 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 covenante 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 anc�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 /> 'K suring Lender's interest in the Property, or (2) attorney's opinion of title from sxbstract of title certified
<br /> ; by bonded abstxacter.
<br /> � PsoviaEn ALweYs, and these
<br /> � presents are executed and delivered upon the following conditions,agree-
<br /> 4
<br /> ments and obligations of the Borrower, to-wit:
<br /> � The Borrower agrees to pay to the Lender, or order, the principal sum of .._T,HItITY...SIX...THOUSAND-��-
<br /> ; ._.AIZI�..TIfJI1.QQ-n--r..--cc-.------c-r..---c-----r.---r-------�ollars (uS$3fi,oQQ::00.:... .. ..:....'_..)
<br /> payable as provided in a note executed and delivered,concurrently herewith,the final payment of principai,
<br /> ; if notsooner paid,on the_...--lst --,---..._ day of'....._._�spt_ernb�r---------...__,�t8_2QG6
<br /> UxiBoxr�[ CovFxaxTs. Borrower and Lender covenant and agree as foliows:
<br /> ' 1. Payment of PrincipaLcmd Interest. Borrower shall prornptly pay when rlue the principal of and in-
<br /> terest on the indebtedness evidenced by the Note,prepayment and l�xte charges as provided in the Note,
<br /> and the principal ofand interest on any Future Advances seczared by this Mortgage.
<br /> j 2. Funds for Taxes�d InsurancB. Subject to Lender's option under�aragraphs 4 and 5 hereof,Bor-
<br /> � rower shall pay to Lender on the day monthly installrnents of principal and interest are payabte under the
<br /> :x Nute,until the Note is paid in full,a sum (herein"Funds") equal to one-tK�elfth of the yearly taxes and
<br /> assessments which may attain priority over this Morf.gage, and ground rents on the Property, if any plus
<br /> one-twelfth of yearly premium insta2lments for hazard insurance, plus one-twelfth of yearly�premiuin in-
<br /> stallments for mortgage instivance, if any, all as reasonably estimated initially and fmm time to time by
<br /> Lender on thebasis of assessrnents and bills and reasonable estimates thereof,Lr,ndex shall applg the Ftiands
<br /> � to pay said taxes,asse.ssments;in�urence premiums and ground rents. Lender shall make no charge for so
<br /> ` holdina and applyine the Fuads or c erifying and com.pilin�; said assessments and bills. The Lende=shall
<br /> � giue to the Borrower, without charge;an annual accounting of the Funds showing credi�s and debits to the
<br /> Funds and the purpose 3or which each debit to the Funds was made. 'I'he Funds are pledged as additional
<br /> security for the sums secured-by this Mortgage. The Borrower agrees that the Funds may be held by the S
<br /> Lender,and commingled with other#unds and the Lender's own funds and the Lender may pay such items .,,. '
<br /> � from its qwn funds and the Lender shall aot be liable for interest or dividends on such Funds. w,� ' �1.
<br /> � If the amount o#the Funds held by Lender,together with the future monthly installments of Funds �� . �
<br /> payable priox to the clue dates'of taxes,assessxr�ents, insurance premiums and ground rents, shall �xceed :y�
<br /> ��e��usx�9�r��PaY���ges,assessments,insurance premiums and ground rents a:they fail due, `�"��:
<br /> �"'j snch escess akiall be,at Borrower's option, eit.her promptly repaid to Borrower or credited to Bonower on ��,.
<br /> monthiy instailments of Funds. If the aznount of the Funds 'heid by Lender shall not be sufficient to pay �",- � '
<br /> r �` taxes, assessmeats, insurance premiums and gnr�und rents as t,hey fall due, Ii�rrower shall pay to Lender 4' "� ;
<br /> '' any amouttt.neee$sary'to make up the deficiencv within thirt�days after notice from Lender to Borrower "' " '
<br /> requesting payxtsenL thereof, or Borrower sliall, by ar.increase in monthly installments of Funds required, "�
<br /> � '� ` repay the deficiency within the Fund accovnting period.
<br /> Upon payment in #ull of all sums secured by this Mort�age,Lender shall appl,y Funds held as a credit
<br /> sgainst all sums due.
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