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<br /> < Ih1DIVlDIi/`.L
<br /> ' DUE ON SALE
<br /> � ��ST OPTIONAL FU7URE ADVAhICES
<br /> ;' ���L SAVINGS FUND
<br /> `,
<br /> + . ��0� FORM NoJ2p . � . � ..... _ . .
<br /> ���'''!!! Loan Number_--��242-- --1$$- --1_.-- ;
<br /> i i �. . . � � : TYoe� B•anch
<br /> �
<br /> � 77-C?039`�0 M O R T r A G E
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<br /> THIS MORTGAGE,mnde and executed this .... 7 5 _:. _ day of ... �.tJ.:L� _.. .... A.D„
<br /> . , . �
<br /> � 19 77.:_,between tk�e'Mortgagor ,���,€��Y � .��'.iitg..and...���'�.a,..�-.:�w�nP ..h�&b.��---�z�d..��,��,.-----
<br /> �, � .�oix�t�,Y---a�s?::��?�h..iII..t�?��x.g�..�?.�ht....-------•-�-..........:.. �, , '"
<br /> � ................ ----�-----•------ ......_.. ---•--------
<br /> � ' of ._Grand_Island ..;:._...;, County of.'... Hall.:_.......... ...... State of: ... .Nebraska.,hereinafter refened ' `
<br /> to as the Boriower,`and the Moctgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> , -,'' LINCOLN, 1235 "N" Street, Lincoln, IvTebras�a 68501, its successors and assigns, hereinafter refezred to
<br /> F, i as Lender.
<br /> ' ` W[TxEssaTx: That the said Borrower for and in consideration of the sum of,TH.�RTY_,�.I�OLFSA.k`I�,:..__ ; ;, ;
<br /> F ON�_HUNDRED.FIFTY;:AND.NO/100 :..---------.-----.-.-----.------�ol:ars (US$ .30_,1.So._9.0---- -=--------) �� ', - . >
<br /> ' paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br /> ' follow�ing;described property located in the County of ...._......Hall......... .... . State of Nebraska:
<br /> , '___. '
<br /> ` ,� Lot Seven (7}, Block Six (6), Hann's Third Addition to the City of Grand
<br /> -, �_ Islend, Ha11 County, Nebraska.
<br /> �. R' .� � � . . . . . . . . . . � . �. . . ..
<br /> ToGETH�:n 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 /> � 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 /> 7 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 "Propert,y".
<br /> � � $orrower covenants t.hat Borrower is lawfully seised of the estate hereby conveyed and has the right
<br /> � ; to mortgage,,grant and convey the Property, that the Property is unencumbered, and that Borrower will
<br /> t' h warrant and defend generally the title to the Property against all claims and demands, subject to any
<br /> 5 easements and restrictions listed in a schedule of exceptions to coverage in any title insurance pofiey in-
<br /> � suring LendeT's interest in the Property, or (2) attorney's opinion of title from abstract of title certified
<br /> � y by bonded abstracter.
<br /> ' Pxovtnsn ALwnYs, and these presents are executed and delivered upon t.he foilowing conditions,agree-
<br /> { ments and obligations of the Sorrower, to-wit:
<br /> • y TheBorrower agrees to pay to the Lender,or order, the principal sum of ..THIRTY.,.�FiOU.S.?,NA.;Q�(�,___ '
<br /> '.� . � ..,NTiIVDRF.D:.FIFTY_.:AI7A._�I9I..I.OQ--r.----r--------�------.-^--�ollars (US$...3�..iS.4,_�Q..... .........)
<br /> � payable as provided in a note executed and delivered,concurrently herewith,the final payment of principal,
<br /> fi if not sooner paid, on the.......l.st............. day of.....�lugsa.s.'�...---_.........._...,a�9.2QQ6
<br /> UxrFoart CovFxnxTs.Borrower and Lender covenant and ad ee as follows:
<br /> ' � ' L Payment of Principal�d Interest. Borrower shall promptly pay when due the principal of and in-
<br /> ' � terest on the indebtedness evidenced by thc Note, prepayment and late charges as provided in the Note,
<br /> ; ' and the principal of and interest on any Future Advances secured by this Mort.gage.
<br /> ,° 2. Funds for Taxes and Insurance. Subject to Lender's option under paragraphs�and 5 hereoi, Bor-
<br /> , ; rower shall pay to Lender on the dav monthly instailments of principal and interest are payable under the
<br /> ; Note,until the Nate is paid in full,a sum (herein "Fnnds") equal t.o one-twelfth of the yearly taxes and
<br /> : } assessments which may attain priority over this 141orlgage, and ground rents on the Property, if any plus
<br /> � one-twelfth of yearly premium instalitnents for hazard insurance, plus one-twe.lfth of yearly premium in-
<br /> stallments for mortgage insurance, if any, all as reasonably estimated initiall,y and from t.ime to time bY
<br /> � Lender on the basis of assessmenta and bills and reasonable estimates thereof,Lender shall apply the Fnnds
<br /> y to pay�aid taxes, assessments, insurance premiums and ground rents. Lender shall make no charge for so
<br /> halding and appty-ing tlse Fui1cL, or verifyuig and cumpil'u�g aaid asseasments anc3 biils. T'Ize Lender shall
<br /> give to the f3orrower,without charge,an annual accounting oF the Funds shocving credits and det�its to the
<br /> ; FuncLs and the purpose for which eacL�debit ta the Funds was made. The Funds are pledged as additional 3
<br /> ' security for the sums secured by this Mortgage. The Borrower agrees that the Funds may be held by the
<br /> � Lender and commingled with other funds and the Lender's own funds and the Lender mav pay such items $�
<br /> v fzom its own funds and the Lender shall not be liable for interest or dividends on such Funds. : '.. �
<br /> ;
<br /> t If the amount o#the Funds held b Lender,to ether with the future monihl � "`
<br /> Y € y installments of Funds �
<br /> .. � payable prior to the due dates of taxes,assessments insurance premiums and ground rents,shall exceed �,�
<br /> the amount s�equired to pay said taxes assessments insurance premiums and ground rents as they fall due, �,��
<br /> such eacess shall be, at�iorrower s option„either promptly repaid to Borrower or credited to Borrower on .,„,,,� ,
<br /> ' s monthly installmeats of`Funds. If the amount of the Funds held by Lender shall not be sufi'icient to pay
<br /> ' + taxes, asseRsrrients, insurance pretnzuzns`aszd grotixnd zents as they fali cIue, Boaower shali pay to Lender
<br /> a any amount`necessary to make up t}�re drfic�iQney withia thirty�,days after notice from Lender to$orrowAr
<br /> requesting payment thereaf, or BOTTONCT 5178II, by an increase in monthiy installments o#Funds required, "� '
<br /> �a
<br /> ;epay tfie rleficiency within the Fund accouating period.
<br /> Uaon payment in full of all Furn�e.Pc»r�hv tAis M�rtgage,�ender shail apply Funds held as a credit
<br /> � against all sums due. ` �
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