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<br /> ccAcp�� SAVINGS FUND ;�
<br /> . rCVIGR/�� FORM No.720
<br />°°"� � ������� Loan Number---349�.7__-"_1$�_ �_1��_
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<br /> i 7T C►�14161 MORTGAG E
<br /> ? THIS MORTGAGE,made and executed this .�-.Z........ .: day of...............✓..0 y A D.,
<br /> ; 19.....77,between the Mortgagor; .�.ruce W Hayes and Sharon K. Hayer.s� husband and'wi£e i
<br /> ...._... ......... .. .. . ..... . .._ _......._.....� ...
<br /> ' cintl and each fn their owa ri ht - -------------------------------------------
<br /> -j---�---• 3'----...-- �•-- -.....--�---&�----'--"-•--....----- -�- ---•--------�• - ---...... - �-------�•---....-�-•---------------- ;
<br /> .... _...__
<br /> ! op_;_._Grand Is and_.:......, County of _.:.......�11 ..._.....-----.,Staie of..Nebraska----...,hereinafter referred '
<br /> � to as the Boziower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to
<br /> as Lender.
<br /> WtTxEssETx: That the s id Borrower for and in consideration of the sum of_T1iI1iTX..NI�..TIiQITSAND '
<br /> ONE IiUNDRED AND NO/10C�--------------------------- Dol:ars (US$.- 39 100 00
<br /> ... .......... ...... .. . .e..,. ...........--•--�--�--� ,�;. `
<br /> ' , ."""" -"" --•�-""'-""'................__'................"" -• . ---
<br /> �' paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors an�1 assigns; tha
<br /> , following described property located in the County of ___..?�11. . ....._..._.. _., State of Nebraska:
<br /> � � � � s
<br /> Lot Twenty-two (22), in Western Heights Third Subdivision, Hall
<br /> County, Nebraska.
<br /> j.�..� . . . . . .
<br /> TocETx�x 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 rigi3ts, 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 /> 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 /> „_; .
<br /> ', Borrower covenants that Borrower is lawfully seised of the estzte 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 /> easements and restrictions listed in a schedule of exceptions to coverage in any title insurance policy in-
<br /> ; � suring Lender's interest in the Property, or (2) attorney's opinion of title from abstract of title certified
<br />� � � � `uy i.iiuu "� x�o'u:8:;:',�:. . . .
<br /> � � 1'�'kOVYllED HLWAYS� 811C1 tlleSC pTC6CritS are executed and delivered upon the following cor.ditior.s,3�T2'8-
<br /> � y ments and obligations of the Borrower, to-wit:
<br /> � The Borrower agrees to pay to the Lender, or order, the principal sum of ...TIiII.tTX..L3ISI�..�OU�l�LD.
<br /> _; .----1�NE._IiLIIVD8EI2.ADJA..NQ/.�QO--.-_-----.----,----.-_------.----.'..Dollars (L7S$...39:100.00...... ........:..)
<br /> _. payable as provided in a note executed and delivered,conc,urrently herewith,the finalp ayment of principal,
<br /> Q if not sooner paid,on the.......1St . .---.--... day of ._..A?�ust_...... ... ............xp,q�406 �
<br /> Uxiroarz CovExAxTs:Borrower and Lender covenant and agree as follows:
<br /> 1. Payment ot Principal 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 /> , r and the principal of and interest on any Future Advances secured by this Mortgage.
<br /> 3 2. Funds for Taxes and Insurance. 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 which may attain priority over this Mortgage, and ground rents on the Propertiy, if any plus
<br /> one-twelfth of yearly premium installments for hazard insurance, plus 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 bills and reasonable estimates thereof, Lender shall apply the Funds
<br /> to pay said taxes,assessments, insurance premiums and ground rents. Lender shall make no charge for so
<br /> ' holding and applying the Funds or verifying and compiling said as�e�cmentc and billc, The Lender shall
<br /> give to the Borrower, without eharge,an annual accounting of the Funds showing credils and debits to the
<br />� Fnnds and the purpose for which each debit to the Funds was made. The Funds are pledged as additionai —
<br /> security for tl�a sems aecureZ' �y th;s iVfortgage. The Borrower agrees thst the Funds may be held b_y the x
<br /> Lender and commingled with other funds and the Lender's own funds and the Lender may pay such items � , , ,�,y,,�
<br /> ; from its own funds and the Lender shali not be liable for interest or dividends on such Funds. '�"�
<br /> If the amount of the Funds held by Lender,together with the future monthly instailments of Funds trf � ��"'a�
<br /> payabie prior to the due dates of taxes, assessments, insurance premiums and ground rents, shall exceed �� '
<br /> � the amount �"�
<br /> requi�red to pay said taxes,assessments,insurance premiums and gmund rents as they fall due, ��,'
<br /> such escess shail be,at$arrowex's option, either promptly repaid to Borrower or r,redited to $orrower on �"ry
<br /> cr�onthly installments of Fundr: If Lhe amount of the Funds held by Len3er shall not be sutficient to pay , `w
<br /> tases, assessments, insurance premiums and ground rents as thev fall due. Borrower shall nay'to Lender
<br />� any amount necessary to make up the deficiency witiun tfiarty days atter notice from Lender to Borrower ? ' ,,_` ' '
<br /> rcx�ues6uig �ayuient thereo#, or Borrower shali, by an increase in monthly installments of F'unds required, � '
<br /> repay the deficiency within the Fund accounting period.
<br /> Upon payment in fuli of aIi sums secured by this Martgage,Lender shall apply Funds held as a credit
<br /> ' �agaiiist ttll nuaxn;�2ue. �
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