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<br /> INDIVIDUAL
<br /> DUE OtV SALE
<br /> `�R$7' OPTIONAL FUTURE ADVANCES
<br /> I�� SAVINGS FUND
<br /> . . ���� Fo�zr.� No.720 � � � .
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<br />� r` Loan Number_339s3------- 3:v�---- �.-- �
<br /> � 7ype Branch
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<br /> 77-f�042�9 MORTGAGE -
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<br /> , THIS MORTGAGE,made and executed this .....�(�?....:......... day of..._.� ` . ...... _.:.. A.D.,
<br /> � 19...77..,between the Mortgagor,.De�,l��.x:�..�.-:-�.Pasra�yex...ancl..z,Qzs_..A...T asm . x.,_.husb.and.:�.nd aife• �
<br /> ; Norman A,..:Buck� �xa.d_-Aett.y--.Fo.Eliiia..�u�k.,:-hu�b_��d--a a--�*�,.e..._Aob.e.�_.J, e_�1�x�.�ans��Ianc .�_..h�hesJ er• �
<br /> ; husband $�d wi£e� each in his ountri�h�t, �oin��y an� sev���l�f; 75�• STF7 Lanc�� �-��,el.e�red �
<br /> ', f,�en��-Islend--....---� � y •Ha�1.......--... .----� idebrasica ......, e
<br /> to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN'ASSOCIATION OF
<br /> LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to
<br /> :i as Lender.
<br />� a WiTxEssExx: That the said Borrower for and in consideration of the sum of ......... . ........ ............
<br /> � F�FTY-EIGHT._THOLTS,AND_.EIGHl HUyLRr�L.AI7'i..�J.Q�;!-QQcr.r..-:-c---i7al.arsiTJS �S.$_5�Q9_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 ...............�al�__.._..._._._..,.,, State of Nebraska:
<br /> ; Lot Five(5), Block One Hundred Fifty-Two (152) in Union Pacific Railway
<br /> ! Company's Second Addition to the City of Grand Island, Hall County, Nebraska
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<br /> ` 7`ocETxEa 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 profit�s, 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 /> Mortgage; and all of the foregoing, together witir 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 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 aguinst 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 /> r suring Lender's interest in the Property, or (2) attorney's opinion of title from abstract of title certified
<br /> by bonded abstracter.
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<br /> PROVIDED ALWAYS� and these presents are executed and delivered upon the following conditions,agree-
<br /> ' ments and obligations of the Borrower, to-wit:
<br /> �' The Borrower agrees to pay to the Lender, or order, the principal sum of.__.........._. .......... .....:...
<br /> t ._..E�X-FICzFP�._.�$QU$.AIYI?..E�C��T..I-IUNDRED..ATTP...Np�100---r.c...Dollars (US�_�8.,8QQ..S�Q...................)
<br /> payable as provided in a note executed and delivered,concurrently herecvith,the final payment of principal, �
<br /> : if not sooner paid, on the....lst__ ..._. ..... day of _....Decembe�....... . ....._...� -�g_�0Q2
<br /> UxiFoxM CovEx,axTs. Borrower and Lender covenant and agree as follows
<br /> 1. Payment of Principal and Inierest. 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 /> and the principal of and interest on any Future Advances aecured by this Mortgage.
<br /> 2. Funds for Taxes and Insur�ce. Subject to Lender's option under paragraphs 4 and 5 hereof,Bor-
<br /> mwer 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 Property, if any plus
<br /> one-twelfth of yearly premium installments for hazard insurance, plus one-t�velfth of yearly premium in-
<br /> stallments for mortgage insurance, if any, all as reasonably er,timated initially and from time to time by
<br /> Lender on the basis of assessments and bills and reasonable estimates thereof,Lender sha11 apply the Funds
<br /> to pay said taxes assessments, insurance premiuma and ground rents. Lender shall make no char�e for so
<br /> holding and applying the Funds or verifying and compiling said assessments and bills. The Lender shall
<br /> give to the Borrower, without charge,an annual 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 I�unds are pledged as additional
<br /> security for the sums secured by this Mortgage. The Borrower agrees that the Funds may be held Uy tlie i
<br /> Lender and commingled with other funds and the Lender's o�a�n funds and the Lender may pay such items
<br /> from its own funds and the Lender shall 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 installnients of Funds � �
<br /> payable prior to the due dates of ta$es, assessments, insurance premiums and ground rents, shalI exceed �
<br /> the amount required to pay said taxes,assessments,insurance premiums and ground rents as they fall due, �;'�'
<br /> such exceas shall be,at Borrower's option, either promptly repaid tn Borrower or credited to Borrower on
<br /> monthly installrnents of Funds. If the.amount of the Funds held by Lender shall not be sutfcient t,o pay
<br /> ' taxes; assessments, insurance premiums and ground renls as they falY due, Borrower ehall pay to Lender
<br /> anv amount �err.Fraary to make up the defiCzency sczthin thirty clays aiter iwtice trucn I,enuer i,u Surrower �
<br /> requeating payment thereof, or BorroweF shall, by an increase in monthly installments of Funds required,
<br /> repay the defieiency within the Fund accounting period. '
<br /> Upon papment in full of alI qums secured by� this Mortgage,Leuder sl�all auply Fun1s Leld as a credii.
<br /> against all eums due.
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