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<br /> IIVDINIDUAL ' ' :
<br /> DUE ON SALE
<br /> OPTIONAIL FUTURE ADYANCES
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<br /> � ��� SAVINGS FUND '
<br /> , � �GVG ' FORM No.720 . . 7. .. : � .. .. :` '.
<br /> ���� Loan Number__ 34370___188p6__ era,lch
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<br /> 77- :UU47�� M O R T G A G E
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<br /> + � TIiIS MORTGAGE, made and executed this �� . day of ..f..,�-��_?..... A.D., � ' '
<br /> �� � 19..._.;7T,between the Mortgagor, �dreyr_.0.,,.�'oss�m:,a�d.J�a�.i x�_:�,___�Q.�su�n, S�tusband and wife, ' `
<br /> � � ,jointly and each in their own right., .. .... . .. . ...____ __________
<br /> ...... ._.._
<br /> ` s'. of...Grand_Island._ ...'.., County of..�:_. ..._.Hall .:............State of---:l�iebrask�--••---,hereinafter referred
<br /> ''� to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCI.4TION OF �
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<br /> :�, � LINCOLN, 1235 "N",Street, Lincoln; Nebraska 68501,its successors-and assxgns, hereinafter referred to
<br /> : � as Lender.
<br /> 3 WtxxEsssTx: That the said Borrower far and m consideration of the sum of THIRTY FIVE THOUSAND
<br /> t TWO HUNDREA AND NO 100----------- ---= � 35 200_,00 _........ ) �
<br /> " g . ....._.. .._..--• •---/-- ----..:._ _....... ........ ......... .............Dol.ars �US�-----._.f. . %
<br /> ; ,3 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: i
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<br /> � � Lot Two Hundsed Thirty-seven (237) and the North Fifteen and One Third' Feet
<br /> ` 3 (15 1�3) of I,ot Two Hundred Thirty-eight (23$) in Belmont, an Addition
<br /> to the City of Grand Island, Hall County, Nebraska. '
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<br /> � 'I`ocETHEa with all the improvements now or hereaftier erected on the property, and all easements, �
<br /> :, i rights, appurtenances, rents, royalties, mineral, oil and gas rights and pmfits, water, water rights, and
<br /> water stock,and all fixtures now or hereafter attached to the property, all of which, including replace- i:
<br /> � ments and additions thereto,shall be deemed to be and remain a part of the property covered by this
<br /> Mort a e; and all of the fore oin to ether with said ro ert or the leasehold estate in the event this
<br /> , g $ g g, b P P Y �
<br /> i Mortgage is on a leasehold) are herein referred to as the "Property`'.
<br /> 3 Botrower covenants that Borrower is lawfully seised of the estate hereby conveyed.and has the right
<br /> 5 to mortgage, grant and convey the Property,that the Property is unencurnbered, and that Borrower will
<br /> ` � warrant and defend generally the title to the Property against all claims and demands, sub}ect 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 AtwnYs,and these presents are executed and delivered upon the following conditions,agree-
<br /> x ments and obligations of'the Borrower, to-wit:
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<br /> ° The Barro�ver agrees to pay to'the Lender,or order, the principal svm of .7:HIRTY..FSYE_.TH�USAND.--
<br /> , '.i :._...�7ollars :
<br /> :Tt1D._HiINDRED.:AI3Il.3�I4�.1Q4r.--- --------------- . -- (US$-----.35�2AQ::OU-• -,---•:')
<br /> --------------••----..........._... ...
<br /> , � payable as provided in a note executed and delivered concurrentiy herewith,the final payment of principal, -
<br /> if not sooner paid, �n the---_--..Ls� ._.-.------ day°f -•--------.S��t�i4b��'.----•-.,S8_.2QQ6 '
<br /> UxtFoxiv['CovExwxTs.$orrower and Lender'covenant and agree as followsi
<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 principal of and.interest on any Future Advanees secured by this Mortgage.
<br /> 3 2. Funda for Taxes and Insurance: Subject to Lender's option under paragraphs 4 and 5 hereof,Boc-
<br /> � rawer shall pay to Lender on the day monthly installments of principal and interest are payable under the
<br /> � Note, until the I�Tote is paicl in full,a sum (herein "Funds") equal tp one-t�r�elfth of the yearly`taxes and
<br /> � as'sessments which may attain priority over this MorEgage, and ground rents on the Property, if any plus
<br /> � one-twelfth of yearly premium 3nstallments'for hazard insurance, plus one-t�velfth of yearly premium m-
<br /> i ` stallments for mortgage insurance;if any, all as reasonably'estirnated initially and from t.ime to time by
<br /> " Lender on the bas9s of assessments and bills and reasonable estimates thereof;Lender shall apply tfie`Funds
<br /> ' to pa,y said taxes;assessments;insurance premiums and ground rents. Lender shall make no charge for so
<br /> holding and applying,the.Funds or,verifying and compiling 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 the purpose for which each debit to the Funds-wrxs made: The Funils are pledged as additionai
<br /> security;:for the sums_secured by this-Mortgage.The Borrower agrees that the Funds may be held by the `
<br /> ` Lender and commingied with other funds and the Lender's own#unds and the Lender may pay such items •i�
<br /> d fiom its own funds and the Lender shall not`be liable for interest or dividends on such Funds. =�;k�, ,F
<br /> � If the amount o€'the Funda lheld by'i.ender,together with the future monthty installments of Funds ��` � "
<br /> �y� payable';prior ta;the c3ue dates of taxes, assessments, insurance;premiums and ground rents, shall exceed "�'�'�,1
<br /> � the azsiount ' P Y � P Y N
<br /> � reQuued to a said taxes,assessments,insurance remiums and ground rents as the fall due, , Y��
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<br /> such excess shall be, at Borrrower's option, either promptly repaid to Borrower or credited to Borrower on � ���`.
<br /> ' monthly,inststlmeats o# Funds.:If the amount of the<Funds held,by Lender shall not be suf&cient to pay �'�k
<br /> �� t�ceb, assessments, insurance premiums and ground rents as they fall due, Borrciwer 5hall-pay to Lender - �.,:
<br /> , ' any'&xnount neceseart%to ma::e up t4ie deficiency wiLLiei Lhirty�iuys a;i.er nqtice from Lender t�Borron-er . ' ,,� ': "
<br /> requesting payment theieof, or Bortower shall,by an increase in monthly instaliments of Funds required,
<br /> repay tlie de&ciency withitt �he Fund aecounting period: ' `
<br /> ` L�pon payment in full of all sums sec;ur,ed by ttiis Mor6gage, Leuder shall app1Y runcis held as u crcdit
<br /> against all sums dne. �
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