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<br /> _ � � INDIVIDUAL
<br /> DUE ON SALE
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<br /> ��R.7■
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<br /> ��. .�Fown� No.720 � . . . . �.. � � .. . . .
<br /> L.1�QLN 33279 18 1 ., .
<br /> Loan Number___ ____-_ __ _ __
<br /> � � ' � � � Tyue Branch
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<br /> ; _; 77-, OQ44�2 M O R T G A G E
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<br /> " THIS MORTGAGE,made and executed this .:...:. . .�?`'..... ....:.... day of._. .../q�y�:��s� .....: A.D., ' '' "
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<br /> ; m 19.....'...,betweem the Mortgagor, -----._..7?oaal.d..Q1.:.B.easQra..and..S.a11y.:.A....B.eason.:._.::---. --♦...--•--:.. ;.;
<br /> ,, --- ........ _.._.._ --•-•--�---•---....--��-----•..............._---�--..,---......--- ---•�--- -....--•------
<br /> o{._.;_:Grand_:_Island. , County of ...�11._.:._....__....,State of Ne.b�c3slca.......:.,hereinafter referred `
<br /> to as the Borrower, and the Mortgagee, FIRST FEDF.RAL SAVINGS AND LOAN ASSOCIATION OF
<br /> LINCOLN; 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to
<br /> as,Lender.
<br /> WixxEssETx: That the said Borrower for and in consideration of the sum of___...... ......: ........ ......
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<br /> `,+ ----TEiIBTY-S�VEN.:THQUSADII2..FIVE__HUNLIRED..9ND._NAl10D.............Do]:ars (US$-..37.,.500_D4..� .,..:..,---•--) '
<br /> paid by,said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br /> ' ; following described property located in the County of __....Hall...................... ...... State of Nebraska: `
<br /> SEE EXHIBIT A ATTACHED HERETO
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<br /> ToceTxEa with all the improvements now or hereafter erected on the property, and all easements,
<br /> rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights,'and
<br /> water stock, and all fixtures now or hereafter attached to the property, all of which, including repiace-
<br /> ments and additions thereto, shall be deemed to be and remain a part of the property covered by this
<br /> Mortgage; and all of the foregoing, together with said property (or the leasehold estate in the event this
<br /> Mortgage'is on a leasehold) are herein referred to as the "Property".
<br /> Bormwer covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right
<br /> to mortgage, grant and convey the Propert,y, that the Property is unencumbered, and that Borrower will
<br /> warrant and defend generally the title to the Property against all claims and demands, subject to any
<br /> easements and restrictions listed in a schedule of exceptions to coverage in any title insurance policy in-
<br /> suring Lender's interest in the Property,or (2) attorney's opinion of title from abstract of title certified
<br /> by bonded abstracter.
<br /> PaovinEn ALwAYs, and these presents are executed and delivered upon the following conditions,agree-
<br /> ments and obligations of the Borrower, to-wit:
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<br /> e ' The Borrower agrees to pay to the Lender,or order the principal sum of ....... ....................._:..__....,..
<br /> ; ...THIRTY-SEVEN.,THOUSAND__FIVE__HUNDRED_AND,_NOJ100.,_._,_..Dollars (US$.37.,500.OQ--------:.,) -
<br /> payable as provided in a note executed and delivered,concurrently herewith,t.he final payment of principal,
<br /> i if not sooner paid,on the------...fir�t....... day of...---...��.ptQW.b.�x................. 19.9�._.. �
<br /> Uxisoxivt Cov��.rAxTs. Borrower and Lender covenant and agree as follows
<br /> 1. Payment ot Principal and Interest. Borrower shall promptiy 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 /> , _i yL _,_______!�1....�a �..t...��.,..t....» ..�.�. L+..�.__�.,_ A�1�.��...._� �..�____�l L�.�.L:._T?._�a.....�.� � .
<br /> 2. Fvnds tor TaXes and Iasur�ce. Subject to Lender's optian 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-twelfth of yearly premium in-
<br /> stallments for 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 thereof,Lender shali apply tlie Funds
<br /> to pay said taxes,assessments,insurance premiums and ground rents. Lender shall make no charge for so
<br /> holding and applying the Funds or verif}rina and compiJ.inp 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 tkie purpose far which each debit to the Funds was made. The Funds are pledged as additional
<br /> security for the suma secured by this Mortgage. TheBorrower agrees that the Funds may be held by the
<br /> Lender and comzningled with other funds and the Lender's own funds and the Lender may pay such items
<br /> from its own funds and the i,ender shall not be liable for interest or dividends on such Funds. *^� � �. +`„�,
<br /> If the amount of the Fuads held by Lender together with the future monthiy installments of Funds �a �':,�«
<br /> payable prior to the due dates of tases, asaessments, insurance premiums and ground rents, shall exceed ,
<br /> the amount required to pay said Laxes,assessments insurance premiums and ground rents as they fall due, >� �
<br /> � such excess•shall be,at Borrower's:option,either promptly repaid to Borrower or credited to Borrower on
<br /> " monthly installments of Funds. If the amount of the Funds lield by Lender shall not be sufficient to pay � "�'�
<br /> tages,-assessmenta,insurance premiums and ground rents as they fall due. Borrower shall paq to Lender
<br /> any aitiount necessary to make up the deficiency�vithin thirty days after notice fmm Lender to Borrower
<br /> requesting gayment thereof, or 13orrower shail, by an incresse an monthly installments of Funds required,
<br /> repay the deficiency with3n the Fund accounting period.
<br /> Upon payment in full of all sums secured`by this Mortgage, Lender shall apply Funds held as a credit
<br /> again�t all sums due.
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