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<br /> � INDIVIDUAL
<br /> DUE ON SAtE
<br /> ` �RST OPTIONAL FUTl3RE ,4DYANCES �
<br /> ■■w'�^r_■ SAVIlVGS FUND
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<br /> W1R.lJu� Loan Number___34041__-_188__�__1__
<br /> r ��. �o�2�� Tyae a,e��� :�
<br /> M O R T G � G E
<br /> � THIS MORTGAGE, made and executed this .......-�.�....._..__.'. day of _ . ....��ly,r. .. A.D.,
<br /> ...............
<br /> � • 19_..7.Z___,betweentheMortgagor, .Larry_.E.__.Irish..and. Dixie..L.. Irish,._husband:_and.wife,..joi�tly
<br /> and,:each._in_.their..own_right.--.-.. ....--- ---...... ..._.... ......... ...... ....... �-- �--•-- - ... ----
<br /> . ... -- --- ---
<br /> of:.Grand__Island__,__,.__.. County of...._....Hall._.,....,.__.__.. State of_.Nebraska.___..,,hereina£ter 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, hereinafter referred to
<br /> as Lender.
<br /> ? Wiz�xEssE'rx: That the said Borrower for anc] in consideration of the sum of .__THIRTY.ONE_.THOUSAND
<br /> THR�E;HUND.RED._AND,NO(100,----------.--------------------..Dol:ars (US�-.31�700..00 _. . _
<br /> -� - --�-)
<br /> paid by said Lender, does hereby mortgage, grant and convey to I.ender, its successors and assigns; the
<br /> following described property located in the County of .. . ..xall..._ . ._.,.____..� State of Nebraska:
<br /> Lot Eight (8), Block Ten (10), Joehnck's Addition to the City
<br /> of Grand Island, Hal1 County,Nebraska.
<br /> TocETHEa with all the impro�ements 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 /> t 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 /> y Mortgage; and all of the foregoing, together with said property (or the leasehold estate in the event this
<br /> * t 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 nght
<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 /> by bonded abstracter.
<br /> � ' PxovinEn ALWAYS� and these presents are executed and delivered upon the following conditions,agree-
<br /> ments and obligations of the Borrower, to-wit:
<br /> s The Borrower agrees to pay to the Lender, or order, the principal sum of ..THIRTY ONE THOUSAND
<br /> ; SEVEN_HUNDRED_AND NO/100---------------------------- Dollars (US $ 31 700.00.__....._..---.�
<br /> . .... ........•-�-------_.---•----- ----.. .. .. .. .-�----- �
<br /> payable as provided in a note executed and delivered,concurrently herewith,the final payment of principal,
<br /> ` if not sooner paid,on the .... .lst _..... ._. day of__._.�lugla.�.t_.... ..- ..._._..., �9t..2Q06
<br /> UxiFoaM CovsxAxTs. Borrower and Lender covenant and agree as follows:
<br /> 1. Payment of Principal�d Intezest. Borrower shall promptly pay when due the principal of and in-
<br /> terest on the indebtedness evidenced by i:he 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 /> 2. Funds for Taxes�d 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-t,welfth of the yearly taxes and
<br /> assessments vvhich may attain priority over this MorEgage, and ground rents on the Property, 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 b,y
<br /> Lender on the basis of assessments and bi1Ls 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 aFplying the Funds or verifyir.� and compiling sail a,se,,sinent� an1 Liliti. The Lencler �liall
<br /> i 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 Funds are pledged as additional
<br /> security for the sums secured by this Mortgage. The Borrower agrees that t.he Tunds 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 „�;� .ti,
<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 installments of Funds t; � ""
<br /> ` payable prior to the due dates of taxes,assessments, insurance premiums and ground ren�s, stiall exceed � ��
<br /> , the amount required to pay said taxes,assessments,insurance premiums and ground rents as the_y fall due,
<br /> such-excess shall be, at Borrower's option, either promptly repaid to Borrower or credit.ed to Borrower on
<br /> monthly installments of Funds. If the amount of the Funds heid bv Lender shall not be su(ficient to pay
<br /> taxes, assessments, insurance premiums an� ground rents as they fall due, Bo:rower s::a:l pa� ta Lendcr
<br />� ' any amount necessary to make up the deficiencv within thirtv days aftPr notice from iRnder to Bormwer
<br /> requesting payment thereof, or Borrower sha31,�by an increase in monthly installments of Funds require�, "`"
<br /> repay the deficiency within the Fund accounting period.
<br /> Upon payment in fuIl of all sums secured by this Mort.gage, T.ender chall a»�ly Fun�ls held a�a credi4
<br /> aKainst ali sums due.
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