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<br /> �', . � �yry �. �
<br /> TM, . lNDIV1DUAL
<br /> DUE ON SALE
<br /> ���� .FORm No.720 � � � � . � . � � . . . .
<br /> Ur��N Loan Number__33279___-_ 18 �_1__
<br /> � �.: . � . . . ... � .. . TYPe Brench . � .
<br /> I. '
<br /> _ M O R T G A G E ;
<br /> 77- Q04$0�1 i
<br /> THIS MORTGAGE, made and executed this ��.... ...... day of :. �u-�'u'S� A'D., �
<br /> ' s,- 19..7..7....,between the Mortgagor, ....::...D9n��.d..Q._..S.ea�an...and__S.ally--.A..._B.eason... � `
<br /> ...... .... .....�,�•-•- �
<br /> :;� � � y.�� ;. �
<br /> ;, •- -......: --------------�----------�---------�----......- -•---�- -•----�- --.._:_::.... € ,
<br /> . �t of--•-;.Grand.:Island:_....., County of_ ....Hall--------- ----------State of N�bslslca._.....:,hereinafter refemed
<br /> to as the Borrower,`and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF f :
<br /> , LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter'referred to
<br /> ��; as Lender. ;
<br /> , � }
<br /> :' WiTxEssETH: That the said Borrower for and in consideration of the sum of :...... ....... ... . ............ F '
<br /> s` :_...THI$TX-SEVEN..TIiQUSAND._ELVE..tiUNIIRED..AND..NII/.lOD-------------Dol:ars (US$;---37-,�SOO,IIL1-...:...: . .-..) I ;
<br /> ;i, paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the � '
<br /> ' following described propertylocated in the County of ......Hall. ......... .... ....... State of Nebraska: j ;
<br /> �
<br /> �'
<br /> SEE EXHIBIT A ATTACHED HERETO
<br /> � � � � � i:
<br /> ri
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<br /> � . . . . . . . . . . . . 4�,.
<br /> TocExx�x with all the improvements now or hereafter erected on the property, and all easements, ' '
<br /> rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and � '
<br /> water stock, and all fixtures now or hereafter attached to the property, all of which, including'replace- �
<br /> E ments and additions thereto, shall be deemed to be and remain a part of the pmperty covered by this
<br /> ` Mortgage;'and all of the foregoirag, together with said property (or the leasehold estate in the event this �
<br /> ' Mortgage is on a leasehold) are herein referred to as the "Property". �
<br /> ; ,
<br /> +i Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right `.'
<br /> � to mortgage,grant and convey the Property,that the Property is unencumbered, and that Borrower wili ;
<br /> � warrant and defend enerall the title to the Pro g � y
<br /> y g y perty a ainst all claims and demands, sub'ect to an
<br /> � easements and restrictions listed in a schedule of esceptions to coverage in any title insurance policy in-
<br /> ; ' � suring Lender's interest in the Property, or (2) attorney's opinion of title from abstract of title certified ;
<br /> by bonded abstracter.
<br /> '� PaovtnEn Ar.wAYs, and these presents are executed and delivered upon the following conditions,agree- S
<br /> � ments and obligations of the Borrower, to-wit:
<br /> � The Borrower a$rees to pay to the Lender, or order the principal sum of .............. ....
<br /> # ___THIRTY-SEVEN_.THOUSAND_FLVE_.HUNDRED_AND_NOI100:.....____Dollars (U5$ 37,SOO.,.QQ._.____ „_ _;)
<br /> � payable as provided in a note executed and delivered,concurrently herewith,the final payment of principal,
<br /> � if not sooner paid; on the-.----.._fir.gt....__. day of..---.. .Se���utb.ex................ 19.97_... '
<br /> �
<br /> � 'UxiFoaM CovErraxxs.Borrower and Lender covenant and Agree as follows:
<br /> a
<br /> ��
<br /> x 1. Payment of Principal cmd Iaterest. 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 /> 2. Funds for Taxes and Insurance. Subject to Lender's optian 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 full,a sum (herein "Funds") equal to one-twelfth of the yearly taxes and
<br /> � assessments which may attain priority over this 11'Iortgage, and ground rents on the Property, if any plus
<br /> one-twel#th of yearly premium installments for hazard insurance, plus one-tweifth of yearly premium in-
<br /> � stallments for mortgage insurance, if any, all as reasonably estimated initiaily and from time to tirne by
<br /> Lender on the basis of assessments and bills and reasonable estimates thereof,Lender shall appty the Funds
<br /> � to pay said taxes, assessments,insurance premiums and ground rents.Lender shall make no charge for so
<br /> ` holding and applying the Funrls ar verifying and compiling ::xi3 asses�ments an3 bills. The Lender shall
<br /> give to the Borrower,wit.hout charge,an annual accounting of the Funds showing credits and debits to the
<br /> t Funds and the purpose forwhicheach debit to the Funds was made. The Funds are pledged as additional
<br /> security #or the sums secured by this Mortgage.TheBorrower agree.s that.the Funds may be held by the a
<br /> ''`Lender and commingled with other funds and the Lender's owa funds and the Lender ma,y pay such items
<br /> #rom its own funds and the Lender shall not be liable for interest or dividends on such Funds. ' :,��-
<br /> If tize asnount of the Funds held by Lender,together with the future monthly installments of Funds ,�� . °�
<br /> payable prior to the due dates of #axes, assessments, insurance premiums and ground rents, sha11 exceed �``;�
<br /> � the amvunt re�quired to pay said ta�aes assessments, insnrance prerniums and ground rents as they fall due, sr n�;
<br /> such,excess shall be,at Borrower's optioa, either promptiy repaid to Borrower or credited to $orrower on �;
<br /> ` monthly inst.allmeats of Funds. If the amount of the Funds held by Lender shall not be su(i'icient to pay fi":
<br /> � taues, a_sses�smei�ts, insurnnce remie�ms and ` ' ,
<br /> 3> groun� re�ts as they fail �:xe, Sorrox•er sh_all pa�r tQ f.ender ,, .
<br /> ' " aay amauttt necessarv`to make up the deficiencv within thirtv dave after notice from I.entler to Rormwer
<br /> requesting payment thereof, or Borrower shall, by an increase in monthly installmen�s of Funds required, ^��'
<br /> repay the deficiency within the Fund accounting period.
<br /> Upon pa,yment in full of al]StIII1S SECUlC(�IJV t�118 MOitgB�,P.;Lf'TiCIP.T G}1AII APFIIV FundF I1P,�f�PR E#CTP,l�1C
<br /> � against a11 aums due.
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