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<br /> � INDIVIDUAL '
<br /> � DvE Ct.i a^AL� . `�
<br /> OPTIONAL FUTURE ADVANCES
<br /> C��� SAVWGS FUND
<br /> FoRM No.720 � .�. . .',��
<br /> V��N Loan Number__�_33764 _-188___-1 __
<br /> ;�� . - - -?voe s.a�cn �
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<br /> ''_ � 77-Q0430'7 : M O `R T G A G E
<br /> � : . ; ',
<br /> � THIS MORTGAGE, made and executed this �� day of �!/L� .. A D.,
<br /> ' �9.___7?_,.,hetween theMortgagor. .Gerald G ;Morisch and,.Mary.E_.. Morisch.,;;.husband, an�l,:yT�;���. �`'
<br /> ?- 3ointly and each in their own rightt , :_.__,.
<br /> , .. _....... ...... . ...... ........
<br /> �� Grand Island Hall Nebraska
<br /> , � °f-•----• - .... ....:...... County of : ----....------• - -•-••--->State of.---•-- - --------;hereinafter referred , ,
<br /> to as'the Borrower, and the'Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF r
<br /> � LINCOLN,:1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to
<br /> � as Lender.
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<br /> � WcTxEssETx That the said Borrower for and in consideration of the sum of.�QRTY.NINE THOUSAND �
<br /> � ,SIX,HiJNDRED AND,NO/100:.. -----r.r....--�oltars (US$-..49.,50D.._QQ... .. ..:.....) < "
<br /> ... . _ , . ......... . .......... . ..
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<br /> paid by said Lender, does hereby rnortgage, grant and convey to T.ender, its successors and assigns; the
<br /> `•: following described property located in the County of..._.:._.I�?�.�.�......... ........:... State of Nebraska: ' ' '.
<br /> Lot Fourteen (14); Le'Heights Fourth Subdivision, Aal1 County, Nebraska.
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<br /> { TocETxEs with all the improvements now or hereafter arected on the property, and all easements, ;
<br /> rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rigl�ts, and f
<br /> water stoek, and all f�tures now or hereafter attached to the property, ail 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 euent this
<br /> f 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 /> � warrar►t and defend generally the title to the Pmperty 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 ni-
<br /> ;,6,T, �a, n ,���,��+.� s���p..�m,.+�, „r !�1 attorney's opinion of title from abstract of title certified
<br /> by bonded abstracter.
<br /> PaovinEn 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 EOBTY.:NS2�tE.:T&(tUSANil---•-
<br /> "� $zX_�,UN]2�D..AHA.SIQ/._].OQ__...._ --- -----------------Hollars (US $.----4Q�bAII..00 _ .:--•----) ; s
<br /> 3. ..._._ ..""'"'""""""""'""'""..__..."""""""" . . � ,
<br /> payable as provided in a note egecuted and delivered, concurrently herewith, the final payment of principal, ,
<br /> ;; if not sooner paid, on the -----:.1s�------------- day of......_..AUgtlst-..-----.....-_-_.:_, 19K1c..2006 `
<br /> i'` UxtFoawt CovENaxxs. Borrower and Lender covenant and agree as follows
<br /> .� . . . .. �� .
<br /> ; 1. Fayment of Principal and Interest. Bormwer 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 tlze Note,
<br /> T' and the principAl of and interest on any Future Advances secured by this Mortgage.,
<br /> f 2. Fuads for Taxes and Insurcmce. Subject to Lender's option under paragraphs 4 and 5 hereof,<Bor-
<br /> i' mwer shall pay to Lender on the day monthly installments of principal and interest are payable undK.r the
<br /> Note, until the Note is paid in fuil,a sum (herein"Funds") equal to one-twelfth of the yearly'taxes and
<br /> assessments which may attain priority over this Mortgage, and grouncl rents on the Property, if any plus
<br /> one-twelfth of yearly,premaum installments for hazard insurance, plus one-tweifth of yearlq premium in-
<br /> staliments for mortgage insurance, if any, all as`reasonably'estimated initially and from tune 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 /> , holdina and applS�ing the Funds or�•erifying and'compiling sAid ussessments and bills. The Lender sh�ll
<br /> give to the Borrower,without charge;aa annual accounting of the Funds showing'credits and dehits 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 t�i5 Mortgage. The Borrower agrees that the Funds may be held by the ;,�, :
<br /> i Lender and commingled with other funds and the I.ender's own funds and the Lender may pay such items �
<br /> •, #rom its own funds and the Lendex shall not be liable for inte;est or dividends on such Funds. �.... -� °' a?
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<br /> r If the amount of the Funds heid by Lender,together with the future monthly instrillments of Funds � � .
<br /> �A payable prior to t3ie due datea o£taxes, assessments, insurance premiums and'ground rents, shall exceed ,� �,
<br /> , the amount required to pay said taaes;assessments,insurance;premiums and ground rents as they fall due, ;���.
<br /> �� sueh;excess shall be,at l�flrrower's option,either promptly zepaid to Borrower or credited to Borrower on [ ;� '
<br /> mont�ly installments:of Funda. if the amount of the Funds'held by Lender shall not'be sufficient to pay E
<br /> " taxes,'assesaments, insurance premiums and gro�umd rents as they fall due,'Borrower shall`pay to Lender "
<br /> any airaaurit necessary'to make up the deficzency within'thirt,y days`after notice from Lender to Borrower
<br /> �requesting gayme�t thereof,or Sa3rower shalI, by an'increase in monthly installments of Funds required,
<br /> repay the cieficiency within the Fund accounting period.
<br /> Upon payment in full of ail sums aecured by this Mortga�e,Lender shali apply Funds held as a credit
<br /> against all snms dne..
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