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<br /> INDIVIDUAL
<br /> DLE ON SALE
<br /> �R�r OPTI�NAL FUTURE ADYANCFS
<br /> �� SAVINGS FUND
<br /> r L.���\r�� FORrn No.720 � . ... . � � .. � � � .. . . . ;.� .�: ,.
<br /> Loan Number_.31�18___-__TV➢88 81 cn
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<br /> ` 77- U04323 M O F2 T :G A G E ° �
<br /> '' THI3 MORTGAGE,made and executed<this .:_---. --29_•............: day of-.---..-.�uty -.-•---...------: A.D., ,
<br /> " j 19.--�7•--,between the Mortgagor, ---.--::Rodue3r--D...:.Ydungc�uist:.and'.D.onna._12�..Young�,ui.s.�.,..ktusb�70.d..and
<br /> ` i -t�:�e,-�3o��1�-•a�id••eac�-•in--tbeix-.awn r3.ght ,....._ .....-� .................- ,•----...__..: : '
<br /> �' of--.------•��a�•��sl�d---> County of --•---I3a].]... :....:.......::.State of._..Nebraska ...,hereinafter referred
<br /> to as-the Borrower, and'the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF ''
<br /> � LINCOLN,'1235 "N".Street, Linwlm, Nebraska 68501, its successors and assigns, hereinafter referred to
<br /> ' as Lender.
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<br /> j WiTxEssETx �h a� tt s � go er f�r d �p ideration of the sum of
<br /> , ---7'WE�lY FIVE.THOUS� �IVE_.�RED A�:.1��''"�....._... , . :::_.
<br /> -- . Dol.ars (US$.---2?�500__00 �
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<br /> paid'by said Lender, does hereby martgage,grant and convey to Lender, its successors and assigns; the
<br /> :;' following described property located in the County of._...._.Ha�.......: ............. ..:.. State of Nebraska: �
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<br /> � Lot Nine (9) in Jac1s Voss Horse Country Club Second Subdivision, being a tract
<br /> of land comprising a part of the Southwest Quarter (SW,�-�) of Section�o (2)
<br /> Township Eleven (11) North, Range Ten (10), West of the F_Lh. P.M., in Hall County,
<br /> Nebraska.
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<br /> � TocETxEs with ail the improvements now or hereafter erected on the property, and all easements,
<br /> r rights, appurtenances,'rents, royalties, mineral, oil and gas rights and profits, water, water rights, and r'
<br /> water stock, and a1I 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 coveTed by this '
<br /> } Mortgage; and all of the foregoing, together with said property (or the leasehold estate in the event this F '
<br /> 4 Mortgage is on a leasehold) are herein referred to as the "Property".
<br /> ;q_ Bormwer covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right
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<br /> r. ----- "._---' � � �'- � i--t'"=. ,.._.�5� + +].�a.V..� . t_v._icx.tinenrmm� . . . .. . . , � �. ;r
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<br /> a to morcgage, granL ana cvi3'vCy t.�� �.�r�.,.,;, ,,...:,, .,._�___r___,, _ exe,�3 nx�d.that'P�rr,wer 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 AtwaYs, and these presents are executed and delivered upon the following conditions,agree-
<br /> `4 ments and obligations of the Borrower, to-wit:
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<br /> � The$orrower agrees to pay to the Lender or order the pnncipal sum of .. _...
<br /> , .--•-•--�YtFSYE__THQI7S�lI3..k'�Y�_:#�C�DRED_AND.N0�100---.--.Dollars (US$ �5�500.00 .. ..----- •-�
<br /> � payable as provided in a note executed and delivered, concurrently herewith,the final payment of principal,
<br /> � if not sooner paid,on the------1s� ..__..----.. day of __..:August---------------,--.--.---> 3�=-2006 `
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<br /> "� UxirroaNt CovExarrTs. Borrower and Lender covenant and agree as follows:
<br /> � 1. Payment of Principal �d 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 /> � and the pnncipai of and interest on any Future Advances secured by this Mortgage.
<br /> + ` 2.rFunds for Taxes cmd Insuzance. Subjeet 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 ispaid in full,a sum (herein "Funds") equal to ane-twelfth of the yearly taxes and
<br /> asbessments which may attain priority over this 1VIortgage, and ground rents on the Property, if any plvs
<br /> one-twelfth of yeatiy premium installments for hazard insurance, plus one-tweifth of yearly premiusn in-
<br /> stallments far 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 thereo£,I.ender shall apply the Funds
<br /> to'pay said'taxes, assessments,insurance premiums and ground rents. I.ender shall make no charge for so
<br /> ho3ding and applying the Funds or verifying and compiling gaid assessments and bills. The Lender �hall
<br /> ; give to the Borrower, without charge,an annuai accounting of the Funds showing credits and debits to the
<br /> j ` 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 1VIortgage. The'Borrower agrees that the`Fund� may be held by the k
<br /> YLender;and coxnmingled with other funds and the Lender's own funds and the Lender may pay such items "` ,
<br /> from its own funds and the Lender shall not be.liable for interest or dividend.s on surh Funds. � " ,"� -
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<br /> � If the amonnt of the Funds held by Lender,together with the future monthly installments of Funds � �, ,
<br /> w ' payable priar to the due dates o#t�ea,assessments, insurance premiums and ground rents, shall exceed "�'�, •
<br /> � the amouxYt required to'pay said taxes;aesessments,insurance premiums and ground rents as they fall due, " +�'''�
<br /> � such eacess shall be, at Bosrower's option,either praaiptly repaid to Borrower or creditsd to Borrower on ���,-
<br /> ' ; ' monthiy installments:of Funds. I£ the amount of the Funds held by Lender shall not be suf&cient to pay
<br /> tanes> asse&stnents, ine,urance'premiutns and ground rents as they fall due, Borrower shall pay to Lender '
<br />� t. anY amounE necec�sary to make np the cleSciency within thirty:days after notice from Lender to Borrower „ "`" ,'
<br /> =equcsting payment thereot, ux Barrower shall,by an.increase in monthiy installments of P'unds required,
<br /> repay the deficiency within the Fund aceounting period. ��
<br /> Upon payment in full of all sums secured by this Mortgage,Lender shall apply Funds held as a credit
<br /> � against all sums duc.
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