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<br /> INDIVID4JAL
<br /> DUE ON SALE
<br /> ��'�' OPTIONAL FUTURE ADVANCES
<br /> �L ' /SAVINGS FUND
<br /> ..��.LI��\.rVLN FORM No.720 . . .
<br /> , � Loan Number----34224_-_188_-_a1�_h
<br /> �7•U04�553
<br /> M O R T G A G E
<br /> ' THIS MORTGAGE, made and executed th�s " "
<br /> , . ....'�L.............. day of _......�1�. .s� .......:.._.. A.D.,
<br /> 19,._.77.,,between the Mortgagor, ...Allen R Hansen and Jacqueline Hansen, husband:and:wife,
<br /> ' jointly and each is their own right, ...
<br /> .. . .. ..._.... ._..._..--
<br /> `_ o( ___Grand_._Islanc�..;:,;,,,_, County of_.......Hall,,,,, ,,, ,,,,,,,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, Linwln, Nebraska 68501, its successors and assigns, hereinafter referred to
<br /> as Lender.
<br /> ! WiTxsssETx: That the said Borrower for and in consideration of the sum of THIRTY._.THREE..TIiQIISAND
<br /> TfiREE:HUNDRED AND_.NO/100-._.----.---------------------- � 33 300.00
<br /> _..-- - � - . .. .. ...._.._.................Dol�ars (US$--__...:---..............-----.._..)
<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 /> The Southerly 33 feet of Lot Twelve (12) and the Northerly 38 feet of Lot
<br /> Thirteen (13), Block One (1), Stewart P1ace Subdivisi.on, City of Grand
<br /> Island, Hall County, Nebraska.
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<br /> TocETxex 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 af 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".
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<br /> Bormwer covenants that Borrower is lawfully seised of the estate hereby conveyed and hns the right
<br /> 5 to mortgage, grant and convey the Property, that the Property is unencucnbered, and that Borrower will
<br /> warrant and defend generally the title to the Property against ali 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 bondeil abstracter.
<br /> r Pxovinsn ALwaYs, and these presents are executed and delivered upon the foliowing 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.TfIIBTY.._THREE-.THQUSAND
<br /> , : ..Tfil2EE:.HU.Nl��D._AITA..DTQ/..100---.----.-.----_-.----.-.-:--------...Dollars (US$-..33,.�9Q_00....._....--�----�
<br /> payable as provided in a note executed and delivered,concurrentl_y herewith,the finai payment of principal, �
<br /> ' ifnot sooner paid,on the __..:_...1st--......... day of......�1'u�.st . ......... ....... t�.2Q42
<br /> UxiFoxM CUVErrnxTs. Borrower and Lender covenant and agree as follows:
<br /> ' 1. Payment ot Principal and Interest. Borrower shall prompt]y 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 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, Boz-
<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-twelith of the yearly taxes and
<br /> aesessments which may attain priority over this Mortga�e, 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 /> stalltnents 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 estimates thereof, Lender shall apply the Funds
<br /> to pay said'taxes, aesessments,insurance premiums and groLmd rents. Lender shall mal:e no char�e for so
<br /> holding and applying the Funds or verifying and compiling said asses�ments and bi1L5. The Lender shali
<br /> give to the Borrower,;without charge,an annual accounting of t6e 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 the Funds may be i�eld by the
<br /> Lender and commingled with other funds and the Lencler'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 dividends on such Funds. "�� � }'`
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<br /> If the amount of the Funds held by Lender,together with the future monthly installments of Funds �' "� �
<br /> (+ payable prior to the due dates of taxes, assesaments, insurance premiums and ground rents, shall exceed '�`� ,'
<br /> j; the amount required to pay said taxes,'assessments,insurance premiums and ground rents as they fall due,
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<br /> such exceas shall be,at Borcower's option,either pmmptly repaid to Borrower or credited to Borrower on �
<br /> monthly installments of Funds. If the atnount of the Funds held by Lender shall not. be sufficient to pay
<br />� taxes,;assessments, insuranc8 premiums and ground rents as they fall due, Borrower shall pay to Lender . , �
<br /> , any amount necessary to make np i,he deficienoy within thirty days after nof:ic�froxii Lenrler Lo I'�urrower
<br /> requesting payrnent thereof, or Borrower shaii, by an increase in monthly installment�s of Funds required,
<br /> repay the deficiency within the Fund accounting period.
<br /> Uixin �yuient in full of all suma secured by this MurLgage,Lcnser Sliall a�Yly PuiiJs lielc2 as a credit
<br /> against all sums'due.
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