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<br /> 1NDIVIDUAL
<br /> DUE ON-SALE
<br /> OPTIONAL FUTURE ADVANCES
<br /> ' �� SAVINGS FUI�fD
<br /> ;
<br /> n , ,. �...���.-� FORM NOJ20 ... . . � . . . . .
<br /> � `��vv�-�r �oan Number__.3�D5.�___�_1$$__-_e a��h
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<br /> ° 7�'��004�25 �M O ��R T���G A G E � �
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<br /> 1 THIS MORTGAG�, ma�3e and executed th�s __._.:a''. ..::.. day of :..... ..._.. A.D., � '
<br /> �'...-� --- -------
<br /> < 19..__�7.,between the Mortgagor,..A11zn_.,J..__Grudzinski..ansi.Patricia:.G. dzins 3>.husb.and.and
<br /> � . ..sa.i.£e:� -�.a�mz�.x a�a..��.�.:�m..zn��x:Q�..z�.�.x, ---....------_:.... ' , '
<br /> . . .. ..... ........ ------ ------- �------..._. �
<br /> _ ` of...Owahs3........ ..:_....., County of .'..,..I?s�tzglas...:.....:..:...State of�tehxa.ska :,hereinafter 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 refe:red to
<br /> � as Lender.
<br /> � WkTxEssETx: That the said Borrower For and in consideration of the sum of.F'IFTY,ONE,THOUSAND '
<br /> . s
<br /> . { S2X_HUNDRED AND NO/100--- --- –=---------------�ol:ars (US $-.-.. 51,600,00 ------•,-)
<br /> . . ------- --�--� -..... ............... ... .......
<br /> 4, paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns, the
<br /> ` ; followin�described property ]ocated in the County of :.Hall__. ._...,,._, State of Nebraska: �
<br /> . _- ----
<br /> �
<br /> ,'q L•ot Three (3),; Centennial Gardens Subdivision, City of Grand Island, Ha]1 County,
<br /> @ `Nebraska.
<br /> �
<br /> �
<br /> � TocETxsa 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 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 /> '. �r, Mortgage; and ail of the foregoing, together with said property (or the leasehold estate in the event this
<br /> . s 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 anc� defend generally the title to the Property against all claims ancl 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 im the Property,or (2) attorney's opinion of title from abstract of title certified
<br /> ; y� , by bonded abstracter. '
<br /> � fr�'� � . PROVIDED I�LWAYS� and these presents�are executed and delivered upon the following conditions,flgT@B- � F �
<br /> � ments and'obligations of the Borrower, to-wit:
<br /> � The Borrower agrees to pay to the Lender, or order, the principal sum of �.I.��X..9�lE..�ktQUSAJ3D SiX !
<br /> � x .AUDiDRED._9I3D__N.Ql1DAr. ---------------- ------r------�ollars (US $--.5�,,60.Q.QA.--- --.-•• -)
<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 :---.-•--ls�_._----... day of-•------A-ttgu�t... ................. �..2Q.06 �
<br /> � UxiFoam Cov�xaxTa Borrower and Lender covenant and agree as follows:
<br /> ;i 1. Payment of Principal and Interest. Borrower shall promptly pay when due the principal of and in-
<br /> , teres£on the indebtedness evidenced by the Note,prepayment and late charges as pmvided in the Note,
<br /> ' and the principal of-and interest on any Future Advances secured by this Mortgage.
<br /> � 2. Funds for Taxes and Insurance. Subject to Lender's option under paragraphs 4 and 5 hereof,Bor-
<br /> ' '1 rower shall,pay to Lender on the day monthly installments of principal and interest are payable under the
<br /> � Note,untiLthe Note is paid in full,a sum (herein"Funds") equal to one-twelfth of the yearly taxes and
<br /> y assessments which may attain priority over this MorEgage, and ground rents on the Property, if any plus
<br /> F one-twelfth of yearly premium installments for hazard insurance, plus one-twelfth of yearly premium in-
<br /> F' ' 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 bills and reasonable estirnates thereof,Lender shall apply the Funds
<br /> to pay said taxes, assessments,insurance prerniums and �round rents. Lender shall make no charge for so
<br /> ;' holding and applying the Funds or verifying and compiting said assessments and bills_ The I.ender Ghall
<br /> � ' give to the Borrower, without charge,an annual accounting of the Funds showing credits and debits to the
<br /> i Funds and the purpose for which eaeh debit to the Funds was made. The Funds are pledged as additional
<br /> � % security for the sums secured by this Mor£gage. The Borrower agrees that the Funds map be held by the �
<br /> Lender and commingled with.other funds and the Lender's own funds and the Lender may pay such items .�
<br /> � ` from its pwn funds and the Lender shall not be liable for interest or dividends on such Funds. , ...,,,: �h a`'�
<br /> � �� If the amount of the F�nds held by Lender,together�with �the future monthiy�instaliments of Fnnds �'%� `�` y�
<br /> payuble.prior to the due dates of taaes,assessments, insurance premiums and ground rents; shall exceed ��, '
<br /> � the amount required to pay said tages,assessxnents, insurancepremiums and ground rents as they fall due, ����
<br /> � ' "� • such,eacess shali be, at Borrower's option,either pmmptly repaid to Borrower or credited to Borrower on '� ��:':
<br /> ;.-� monthly installmemta of Funds: If the amount of the Funds held by Lender shallnot be sufficient to pay
<br /> ,: t�es, assessmentr, insurance premiums and ground rents as they fall due, Borrower shall pa� to Lender
<br /> .... ,
<br /> ° any amount necessary to make up the deficiency within thizty days`after notice from Lender to Borrower =
<br /> ,requei�lu�g.psymr;nt thereof, or Borrower shail, by an increase in monthly instailments of Funds required,
<br /> repay the deficiency within the Fund accounting period.
<br /> Upon payment in fuli of all sums secured by this 3Vlortgage,Lender shall apply Funds held ae a credit
<br /> xgainsL all euuis due. -
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