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<br /> IPlDIVIDIJAL
<br /> j DIJE ON SALE
<br /> ��� OPTIONAL FUTURE ADVANCES
<br /> SAVIfYGS FUND
<br /> � FORM N0.720 � � �.' � � �. .
<br /> ' LINCOLN �oa� Number___33562___-_ 188_ -_�1��h
<br /> � ��`
<br /> , On4822 MORTGAGE ;, : ,
<br /> ` THI3 MORTGAGE, made and egecuted this :..._.. �l..._..:....: day of ......:..�.�. . �.�,,�. .. A.D., ` .
<br /> , , ��- � ---...
<br /> � ; 19_.�7.,between the Mortgagor,..biallace..C...Shompson..and..Mildxed..'L.:..Thnmpson,.._hus*sand.::---�-•
<br /> , z_ ..�tts�::�1€.�a:_�.a�Lnt_7.Y..':�md.:each:.in._.theix._:a�.zm,-x�t.�-----•.........:........... ........._......_... --•---- --•--.......
<br /> �. i of:....��'�z1d.:I�a,ansl..::---._, County of -- --- --.�..Hall-•..............State of.:.Neb.=aska----...,hereinafter referred :
<br /> to as'-the Borrower, and the Mortgagee, FIRST FED�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 /> '' �riTxEssETx: That the said Borrower for and in consideration of the sum of :FIFTY THOUSAND AND
<br /> � NO/100 --- --------------------------------- 50 000.00
<br /> , ..-•--•- ------ --,.... ......... ...:.._.....---•---�---------�---�
<br /> •-�------•--..__..�ol: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 .............xall , State of Nebraska:
<br /> `` Lot Two (2) in Centennial Gardens Subdivision in the City of Grand 2sland,
<br /> z ; Ha11 County, Nebraska.
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<br /> TocETx�a 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 attachecl to the property, all of which, including replace-
<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 (oT the leasehold estate in the event this
<br /> � Mortgage is on a leasehold) are herein referred to as the "Property"_
<br /> K ,
<br /> � Borrower wvenants that Borrower is lawfully seised of the estste hereby conveyed and has the right
<br /> � to mortgage, grant and convey the Property, 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 oi exceptions to coverage in any title insurance policy in-
<br /> r suring L�nder's interest in the Property,or (2) attorney's opinion of title from abstract of tit.le certified
<br /> , $ by bonded abstracter.
<br /> zPaovinsn.ALwn,xs, and these presents are executed and delivered upon the following conditions,agree-
<br /> ' menta and bbligations of the Borrower, to-wit:
<br /> � ,�� � � � • ���
<br /> ' The Borrower agrees to pay to the Lender, or order, the principal sum of..FIFTY_THOUSAN➢ AND;,NO/100 ;
<br /> ; ---- ------- ------------
<br /> i -•----••- °•----:. :-- -•��-----•.......... ...........•--- -_'Dollars (US$_.50�000.00.:,
<br /> ------_.......... .. ......... - --�-•----�
<br /> payable as provided in a.note executed and delivered,concurrently herewith, the final payment of principal, ,
<br /> � if not sooner paid,on the ..First_____________ day of _........_ S�ptembex........:....:., 29C..2A.06
<br /> � UxiBoaM CovExnxTs. Borrower and Lender covenant and agree as follows
<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 tfie principal of and in£erest on any Future Advances secured by this Mortgage.
<br /> � 2. Funds for Taxes and Insur�ce. Subject to Lender's option under paragraphs 4 and 5 hereof,Bor
<br /> mwer shall pay to i.ender on the day monthly installments of principal and interest are payable under the
<br /> Note, unti]the 1Vote 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 t.he Property, if any plus
<br /> one-twelfth of yearly premium installments for hazard insurance, plus one-twelfth of yearly preinium in-
<br /> stallments for morEgage insurance, if any, all as reasonably estimated initially and from time to time by
<br /> Lender on the ba�is of assessments and bills and reasonable estimates thereof, Lender shall apply the Funds
<br /> to pay,said t�ea,assessments,insurance premiums and ground renta. 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 Borrowe=,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 F�nds was made:The Funds are pledged as additional
<br /> � security for the sums secured Uy this Mortgage. The Borrower agrees that the Funds rnay be heid by the ; �,
<br /> 4 Lender and commingle�l'with other funds and the Lender's own funds and the Lender may pay such items '
<br /> - from its own funds and the Lender sha11 not be liable for interest or dividends on such Funds. ,, � � � �,,���5
<br /> � I#the amount of the Funds'held by Lender,together with the future monthly installments of Funds i �
<br /> ` payable prior to the due dates of taxes, assessments, insurance,premiums and ground rents, shall exceed 1�, '
<br /> - � the amou�{,it required to:pay said:taxes,assessments,insurance preuuums and ground rents as they fail due, �a'�,.
<br /> such excess shall be, at Bonower's option, either promptly repaid to Borrower or credi#zd to Borrower on :���;
<br /> ,monthly inst.allments'of Funds. If the amount of"the.Funds held by Lender shall not be sufficient to pay
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<br />�. taxes, xs;sessments, insurance premiums and ground-rents as they fall due, Borrower shail pay to Lender °
<br /> ' Eny 8mount accessary to mal:e ug t1�e cieEciency wittuxi 6liirty days atter notice irom i,ender to Borrower -
<br /> requesting payment thereof, or Borrnwer shall,by an increase in monthly installments of Funds required, '" '
<br /> repay the deficiency within the'Fund accounting period.
<br /> LTpqn pu3�xnent in fu21 af all sums secur-r,�i liy Lhis itiIor�gage,Leiider shall apNly Fun1s he2�1 as a�reait
<br /> against:all sums due.
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