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<br /> INDIVIDUAL
<br /> DUE ON SALE
<br /> �'Ri�'� OPTIONAL FUTURE ADVANCHS
<br /> ,'��L ' SAVINGS FUND
<br /> ; �� FoqM No.720 �� . . . .� � � � � ���
<br /> � L�NC�N Loan Number___.34421 _-_ _188----1 -
<br /> �' . , .. �. .�. ___._ TYDe.� Branch ; ., �, ..�
<br /> 77� L)0 4 8�1 �� � � ���� �� � � � � ' ��
<br /> .� MO RTGAGE "
<br /> a THIS MORTGAGE,made and executed this ..::,_ca7�?.__ ..::. day of.....'....�s��lu�:_......_. A.D., ., '
<br /> ' 19..'�:?,..,between the Mortgagor, ._.Clay.ton._➢>..IQitach..and..I.ynda_J....Nits.chr.:husl�and..and.wi.fa,-
<br /> ,.,g ._ . . . . . . . ., , .
<br /> y ; jn3.nCly.__ans3..rach.:in..�he,ir:.s�s3n..right�.----------•---��-------•---��---• ----�--• ---•-------•-�----•-- ---�--... _.....-�-•-- , � ,
<br /> ' of._..:.Gza�.d__ZSJ.and_::.....,,County of...:::.:` _.liall......'..:_.....,State of.._Dlehr.aska..__:,hereinafter referred ° ` ` `
<br /> �.,� to as the Borrower, and the Mortgagee; FIR5T FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to
<br /> ; as Lezzder.
<br /> ''� ' WYTxEssExx: That the said Borrower for and in consideration of the sum of _.FORTY,NINE T[i0U$�1,2dD } �
<br /> j TWO,HUNDRED THIRTY:AND NO/100-_----------.-----------.--}�ol:ars (US$ 49.,230_00..... .....---)
<br /> � j 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____._.Ha11........................� State of Nebraska: `
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<br /> 4,� Lot'Three '(�), B1ock Two (2), Fireside Estates Second Subdivision, Hal1
<br /> � � County, Nebraska.
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<br /> � k TocETxEx with all the improvements now or hereafter erected on the property, and all easements,
<br /> nghts, 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 of the property covered by this
<br /> d Mortgage; and all of the"foregoang, 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 /> � Borrower covenants that E3orrower is ]awfully seised of the estate hereby conveyed and has the right i
<br /> � to mortgage,grant and convey the Property, that the Property is unencumbered, and that Borrower will
<br /> ' � warraat and defend generaliy the title to the Property against all claims and demands, subject to any
<br /> '� easements'and restrictions iisted 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 abstraet of title certified
<br /> :� by bonded abstracter.
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<br /> Pxovtnan ALwnvs,and these presents are executed and delivered upon the following conditions,agree-
<br /> � ments and obligations of the Borrower, to-wit:
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<br /> i, The Borrower agrees to pay to the Lender,or order, the principal sum of...FORTY„�yIN�_�TiQTJ�.AIdA... <
<br /> � TI+iQ:k�T1NA�FP..:�i?:RTX.:.�?D.NO(LOQ----.------r.---------.---�ollars (US $•--49a2_30,.Q�.�..: ....:..:.) ,
<br /> payable as provided in a note executed and delivered,concurrently herewith, the final payment of principal,
<br /> � if not sooner paid,on the...__..lst:-•-•-----.. day of ------.Segtembes..... ............, 7s9;..2DD6 ~
<br /> ! LTx[FoaM CavExnxTs.Borrower and Lender covenant and agree as follows:
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<br /> � 1_ P¢yment of Principal and Interest. Borrower shall promptly pay when due the principal of and in-
<br /> terest on the indebtedness evidenced by the Note,prepayment and late charge� as provided in the Note,
<br /> , � and the principal of'and interest on any Future Advances secured by this Mortgage.
<br /> � 2. Punds for Taxes and Insur�mce. 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 intsrest are payable under the
<br /> ; Note, until the'Note is paid in full,a sum (herein"Funds") eqtial to one-twelfth of the yearls 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 /> Lenderbn the basis of assessments and bil]s and reasonable estimates thereof,Lender shall apply the Funds
<br /> q -to pay aaid ta�ces, assessments,insurance premiums and gmund 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 /> ,� giue to the Borzower,without charge,;an annual accounting of the Funds showing credits and debits to the
<br /> : Funds.and the,purpose for which ea.ah debit to the Funds was made. The Funds are pledged-as additional
<br /> �:� security,'for the-sums secured by thxs,Mortgage.,TheBorrower agrees thatthe Funds may be held by the ;
<br /> :' i Lender and commingled with other#ur�ds and the Lender's own funds and the Lender may pay such items
<br /> from xts own funds and the Lender s�all not be liable for interest or dividends on such Funds. r'�� � � �
<br /> ;. , .; �: . . . . . . .. � � �- � �R a`� '. .
<br /> � If.the amount of the Fnnds held by Lender,together with the future monthly installments of Funds ; , � '
<br /> payable prior to:the due dates of taxes,sssessments, insurance premiums and ground rents,shall exceed <�+ �
<br /> �.� tho arnount required to pay said;taaes,assessments, insurance premiurns and ground rents as they fa31 due, a�'�'�,.-
<br /> ,. ;{ such excess shall be,at:Sorrawer's:option, either promptly-repaid to Borrower or credited to Borrower on ;',;��u
<br />� . ,impnthly inr�i.allmenis of Runds. If the amount of the F`unds halci b,y Lender shaIl not be su�icieni i:o pa,y
<br /> L:a;es, assessmen:s,insuranCe p;eaniums'and ground renis as ttsey fa21 due, .i3orr�war shail pay to :.ender ;"
<br /> any arn4unt necessary £o make up the de$ciency within thirty days after notice from Lender to Borrower �
<br /> requesting p�yrnent thereof, or Borrower shail, by an iiacrease in monthiy instailmen�s of Funds mquired, `� -
<br /> repay the deficiency within,tha Fund accounting period.
<br /> [Tpon paymeat in fuli of all suma secured by this Mortgage,Lender shall apply Funds held as a credit
<br /> against a11 sums due. �
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