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<br /> IfVD1VIDUAL
<br /> DUE ON SALE
<br /> ; �� � OPTIONAL FIJTURE ADVANCES ;
<br /> SAVINGS` FUND
<br /> � ' «VCRM FpRM N0.720 ��.. .�� � .
<br /> ' uNC�'N Loan Number__ 34328___ 188_ - 1_
<br /> ,� . . .. _ .. . . TYPe�� �Branch
<br /> ' 77- UU46'89 MORTGAG E
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<br /> ' THIS MORTGAGE, made and executed this ° !� day of �t��.s�� . A.D„ '
<br /> 19..r?.7.:_,between tfie Mortgagor, Dayid Krafka.an�l_:Ch,�ry1_.S _Krafka,.huab�and_.an�l__��f�,.,3q�,�yt1y ` f
<br /> ," ; " and,'_each 3�n their`own;.right�.--.. .....:.:- � ------- ------•-- -•--...:_... ----...... --�--. ..:..---. .....::.._. ` '
<br /> ;° o{ ._.Grand_Island.---:....., County of_. . ....:'--Hall............:..State of----Nebraska--•--.,hereinafter referred � ' '
<br /> �' to ae;the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> - ; - LINCQLN, 1235 "N" Street,Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred rto ` ` `
<br /> t as Lender.
<br /> k �.. � .. ,�� . .. :. . . .� '. . ... . . ... �. . . � � . :.
<br /> iWtTxEssEzx That the said Borrower for and m consideration of the sum of THIRTY O�E �EiOUSP,ND ;,
<br /> � AND NO/100 ._..---- •--•-•----�ol,ars (US$....31,,000 .QQ---- ---------� " "
<br /> i ._.,-.�. ........ ............ .�--- -----.........:. ._. . "
<br /> paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the ?�� :
<br /> ..,
<br /> r : Hall .
<br /> � foliowing described property located in the County of :.....:......... ..., State of Nebraska: � t
<br /> � ........- --�----
<br /> � Lot Four (4), in B1oc1c One (.1) in Pleasant Vzew Addition to the City bf ; `
<br /> � � .,.� ; ;',
<br /> " ; ' Grand Island, Hall County, Nebs�ka. `
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<br /> � fiocETxsx with ali the improvements now or hereafter erected on the property, and alI easements, ` '
<br /> � rights,appurtenancea, 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 /> A ments and°additions thereto,shall be deemed to be and remain a part of the property covered by this' `
<br /> � Mortgage; and ail of the foregoing, together with said property (or the leasehold estate in the event this r
<br /> • { Mortgage is on a leasehold) are herein referred to ae the "Property". ;
<br /> � ' Bbrrower 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 wi13
<br /> � warrauit and defend generally the title to the Property against all claims and dernands, 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 /> y . . . . . . . � . . . .. . :. ..
<br /> PxovinEn ALwnxs, and these presents are executed and delivered upon the following conditions,agree-
<br /> � ments and obligations of the Borrower, to-wit:
<br /> '' The$orrower agrees to pay to the Lender, or order, the principal sum of .:.THIRTY_ONE THOiI.$�[]�.,_ `
<br /> : QND;NOJ100----------------.--------------------.---_—�ollars (US $ 31 000 OQ----
<br /> •-•-'---- -_--�
<br /> ; payable as provided in a note executed and delivered,concurrently herewith,the final payment of principai,
<br /> � if not sooner paid, on the-.--F'ixs.'�---------... day of...---.September. ..---.--., �_20�.6 � '
<br /> ' � �----
<br /> UrrTF'oxM CovExaxxs. Borrower and Lender covenant and agree as follows
<br /> " ; 1. Payment of Pzincipal mid Interest. Borrower shall promptly pay when due the principal �f and in-
<br /> terest'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.-Fuads for Taxes and Insuramce. Subject to Lender's option under paragraphs 4 and 5 hereof,Bor
<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 fuli,a sum (herein "Funds") equa] to one-tcvelfth of the yeuriy 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 bilis and reasonabie estimatec thereof,Lender shall apply the Funds
<br /> to pay!said taxes,assessments,insurance premiutna and ground ren£s: Lender shall make no charge for so
<br /> hole9ing anci applying the Funds or verifying and compiling said assessments and bilis, 'i'he Lender shall
<br /> � ' give to the Barrowex;without charge,an annual accounting of the Funds showing credits and debits to the
<br /> z Fuads;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 held by the ,
<br /> 9 Lender and commingled with other funds and the Lender's own funds and the Lender may pay such items - -
<br /> : from its own funiis and'the Lender shail not be liabie for interest or dividends on such Funds. �-; � ; „ ��';,-'
<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 tsxes,;assessments, insurance premiums and ground rents, shall exceed ����
<br /> t#�e aznount required to pay said'tases,assessments,insurance premiums and ground rents as they fall due, ,,�,
<br /> : such exc�as shall be,at$orrower's option,either promptly repaid to Borrower or credited to Borrower on ,'�"f�
<br /> ' monthly installments of Funds. If the aznount of the Funds heid by Lender shall not be sufficient to pay �. ;
<br /> ' ;� ' lsres. $ssessziients, insui�nce reuziuuzs and • .r:.
<br /> p grtrut�d rents as they frill�ue, Bormwer shall pay to iender v
<br />�` � any amaunt nee�aary #o malce up the daficiency s+zthin t:urty daya after notice from I,ender� Barnower , ..:� , :.
<br /> ' z�eqnesting�ayment thereof, or Sornawer shall,,by an increase in monthly installments of Funds required,
<br /> ' repay the deficiency'within the Fund accounting period_
<br /> : Upon psiyment in fit13 c�f all sums secuzed b�•this?tZortgage,T ender shail apply Funds held as a credit
<br /> against all sums due.
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