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<br /> IIVDIVIDUAL
<br /> DUE ON SALE
<br /> �RS'�' OPTIONAL FUTIJRE ADVANCES
<br /> F�� SAVINGS FUND
<br /> .- ��N FORM NOJ20 . . ' � � � . � .
<br /> Loan Number__339_62'__-__�8$-__�,._
<br /> � ��.. � . . . . . TYPe BrenC�. .. ;
<br /> i : /- 004026 ,
<br /> M OF2TGAG E
<br /> ' THIS MORTGAGE, made and executed this ._.:_: e!..� ,.._day of ....._....,��:(.�f _::.. A D.,
<br /> ' 19_-?-7•...,between the Mortgagor, ..14og,e.r...Ii...S�eMay...and._Mar.3r..A...DeMay.,--husband..an8.-�,ci£e-,--•-----,.-
<br /> ; ` ..,.�tzi.n:tly..:and,.each:'_i.n..their._:a*nm..right.......:.....-.. _:_..---�-• -�--�--.:........---- •-------- •-------- ._....---_:.. ..
<br /> r '' of_....::�Gx�11d::zs]..axid....._, County of_..._Iia1L.. ....:............State of.Die�aslia....:.:..,hereinafter referred ;
<br /> > ` to ss the Borrower, and the"Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> `LIiVCOLN,:1235 "N"Street,'Lincoln, Nebraska 68501, its successors and assigns,hereinafter referred to
<br /> as Lender.
<br /> � Wixx�ssE2x: That the said Bonower for and in consideration of the sum of..:..._. ..._:... ... ...... ...
<br /> ¢
<br /> ' � .�Ei.TF3.T1..�liOUSAIYA..AlYIJ�:SIQ/.100_....,.. :---_---._-- -------Dol.ars (US$:3q OQQ,00--:-=. -,•-----)
<br /> 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 ._:__..Iiall.......:......._.....:..._, State of Nebraska: �
<br /> �
<br /> ' Lot Six (6) in Block Two (2), in Le Heights Second Subdivision, Hall " '"
<br /> � County, Nebreska, i�eing a part of the Northwest Quarter' of the Northwest
<br /> � Quarter (NW4NW,�—�) of Section Eleven'(11), Township Eleven (71'), North,
<br /> a Range Ten (10), West of the 6th P.M., in Hall County, Nebraska.
<br /> 4
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<br /> � TocETxEa 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 /> g # 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 /> � : 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 covenants that Borrower is Iawfully seised of the estate hereby conveyed and has the right
<br /> � to mortgage,grant and wnvey the Property, that the Property is unencumbered, and that Borrower will
<br /> warrant and defend generally the title to the Pmperty against all claims and demands, subject to an,y
<br /> � easements and restrictions iisted in a schedule of exceptions to coverage in any title insurance policy'in-
<br /> 4 suring Lender's interest in the Property, or (2) attorney's opinion of title from abstract of title certified
<br /> � by bonded abstracter.
<br /> � PxovinEn AtwaYs,and these presents are exeauted and delivered upon the following conditions,agree-
<br /> � ments and obligations of the Borrower, to-wit:
<br /> y
<br /> ' � : The Borrower agrees to pay to the Lender, or order, the principal sum of,.THIETY..2fiQUSADID._._.......
<br /> a ADID..ND�1Q0 ----..._ --- ---------------- .._...._-�ollars (US $_:.�0_,11Q0--�-•--�-�--�--�-• -)
<br /> --.....-.--.•-•------�---•---�---. .
<br /> � payable as provided in a note executed and delivered,concurrently herewith,the final payinent of principal,
<br /> ;, if not sooner paid,on the_...ls,t-----.---•----.- day of----•----August................_._.., YR.2Q06 `
<br /> r L7xrFoaM CqvExaxTs. Borrower and Lender covenant and agree as foilows:
<br /> 1. Paymeni of Principal�d iaterest. Borrower shall promptiy 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 /> s ' 2. Fvnds for Taxes and Insurmice: Subject to Lender's option under paragraphs 4 and 5 hereof, Bor-
<br /> j rower�zu:il pay to Lender on the day monthly installmenta of principal and int.erest are payabie under the
<br /> Note, until the Nute is paid in full,a sum (herein"Funds") equal to one-twelft.h of the yearly taxes and
<br /> � assessments which may attain:priority over this Mortgage, and ground rents on the Prnperty, if any plus
<br /> one-twelfth of yearly premium installments for liazard insurance, plus ane-twelfth of yeariy 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 bills and reasonable estimates thereof,Lender shail apply the Funds
<br /> to pay said taxes,assesaments,insurance premiums and ground rents. Lender shail make no charge for so
<br /> holdipg and'applying the F'unds or verify�ing and compiling said assessments ar.d bills. The Lender shall
<br /> # give to the Borrotver, �vithout charge,an annual accouniing of the Funds showing credits and debits to the
<br /> Y Funds and bhe purpose for which each debit to the Funds was made. The Furids are pledged as additional
<br /> security for the sume secured by this Mortgage. The Bormwer 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 may pay such items
<br /> ; . from its own funds and the I,endershall not be liable for interest or dividends om such Funds_ � * �: �T,, .
<br /> � , _.., � .
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<br /> ` If the axnaunt of the Funds held by Lender,together with the future monthly instalLnents of Funds "'`' "`��' `
<br /> � payabie priar to,the due dates of tases,assessments, insurance premiums and gzound rents, shall exceed � �y
<br /> the amount required to pay sa.id taxes,assessments,insurance preauums and ground rents as they fall due, j
<br /> i such excess ahall be,at Borrower's option, either promptly repaid to Borzowex or credited to Borrower on ��,."
<br /> .
<br /> monthly'instal}mentr, of-Funds.;if the amount of the Funds held by Lender shall not be sufficient to pay
<br /> ' aa
<br /> � taxes, assessmeats, insurance premiums and ground renfis as they fall due, Borrower shali pay to Lender ,.
<br /> ' any amount neces.qary to make up the delicieacy withia thirty days after notice from I.ender f:o Borrower
<br /> ': requesting pa3*ment thereof. or Borrower�h�il, i�y an increass in monthiy finst:zllments of F�nds r�quir�d, '.>.,, '
<br /> repay the deficiency within the Fund accounting;period.
<br /> Upon payment in full of all sums secured by this Mortgage,Lender shall apply F'unds held as a credit
<br /> against all sums due.
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