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<br /> iNDIVIDUAL ;
<br /> DiJE,ON SALE
<br /> ���C�w� QPTIOIVAL FUTURE ADVANCES
<br /> 7 SAVINGS FUND
<br /> �'GVCRM FoeM Nc.720 � .� '
<br /> L���N Loan Number 34191____-_ 188 -_ 1._
<br /> F . .. . . 'ryo= � e,uocH
<br /> r �i
<br /> s �7', U0�896 M O R T G A G E '
<br /> , 5 , THIS MOIt'PGAGE,made and executed this .:..oS�a :::._ .:. day of .:.Ku�.c�.:x�.... ... A.D.,
<br /> ----�
<br /> ; 19rI.�_:,betweentheNSortgagor, Pa��:.$..__.S��n.�..�zxsi:.Coztn�.e. J,._S.ti.n�.,...husband.:and_.w3fe,._�,nintly
<br /> � and.each_.in, their,own right ,,,.:.
<br /> . - �---- ---• • ....... ... .........
<br /> � - of _...Czican.d._Island..::_....., County of .._..... .xall--•-- ........, State of:.Nebraska--_:.,hereinafter referred ' �
<br /> ; ' to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> �, LZNCOLN,,1235 "N" Street, Lincoin, Nebruska 68501,its successors and assigns, heseinafter Teferreci to '
<br /> as I,ender.
<br /> � WiTxEssETx That the said Borrower for and xn consideration of the sum of TWENTY ONE THOUSAND
<br /> w AND NU/i00--- --- .--Dol:ars (US$. 21_,000._00. : _, .,.,.,)
<br /> .....__ ........ ...-�---- • ....... ....... . .._....._..... :
<br /> i paid by sa.id Lender,does hereby mortgage,grant and convey to Lender, its successors and assigns; the
<br /> ` follvwing described property locAted in the County of ......::......Hall ,..,,.:.�State of Nebraska: �
<br /> �
<br /> , , ._.._.....
<br /> .K . .. � . . . . � .. � � . .. � . � . � � �
<br /> t� . � . . � � .... . � � . .
<br /> ; Fractional Lot �ix (6), in Fractional Block Twenty (20), in Wallichs'
<br /> � Addi-tion and its complement Fractional Lot Six (6), in Fractional
<br /> ' Block Four (�+) im the Bonnie Brae Addition both Additions to the City
<br /> ', � of Grand Ssland, Hal1 Gounty, Nebraska. �'
<br /> � _
<br /> F r
<br /> y
<br /> TocsTxr:x with all the irnprovements 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 t� i
<br /> water stock,and ail fuctures 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 pmperty covered by this
<br /> Mortgage; and all of the foregoing, 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 coyenants 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,will "
<br /> .� ' wasrant and defend generally the title to the Property against all claims and demands, subject to any
<br /> `� easements and'restrictions listed in a schedule of exceptions to coverage in any title insurance policy in-
<br /> 3 ' suring Lender's interest in the Property, or (2) attorney's opinion of title from abstract of title certified
<br /> by bonded abstracter.
<br /> PaovznEn Atwavs, 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 /> The Borrower agrees to pay to the Lender,or order, the principal sum of...��PITX._9NE:.TIiQIISALID.._
<br /> t: ;:°,NA.:N4L10Q---.--.--------------_-----.----------.--------�ollars (US $ 21�_000.00_...._.. ..:.:)
<br /> � payable as provided in a note executed and delivered,concurrently herewith, the final ayment of principal,
<br /> � if not sooner paid,on the....:.lst Y Se tember 2006p ° � '
<br /> - --- ---��----. da of . .._..........p...... .........'--...,�.------•
<br /> ; UNtFoaM CovExnxTs. Borrower and Lender covenant and agree as follows:
<br /> ; L Yayment of Principai cmd 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, , ..i
<br /> and the principal of and interest on any Future Advances secured by this Mortgage.,
<br /> g Z. Funds for Taxes and Insurance. Subject to Lender's option under paragraphs 4 and 5 hexeof,Bor-
<br /> rocc•er 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 Mortgage, and ground rents on the Property, if any pius
<br /> one•twelfth of yearIy preminrn installments for hazard insurance, plus one-twelfth of yearly premium in-
<br /> ; stallments far mortgage insurance, if any, all as reaso.pably estimated 'znitially and from time to tirne by
<br /> , a Lender on the basis of assessments and bills and reasonaUle estin�ates thereof,Lender shaIl apply the Funils
<br /> tc� pay s:�d taaes,assessments,insurance premiums and gmund rents. Lender shall niak�no cnarge iur so
<br /> ha3diqg and,applying the Funds or verifying and compiling said assessmeats and bills. The Lender shall
<br /> ; give to the Sorrower,without charge,an anxival aecounting of the Funds showing credits and debits to the
<br /> y , Funds,and the gurpose.fo�r which eas:h debit to the Funds was made. The Funds are pledged as additional
<br /> : secnrity for the sums secured by this Mortgage,,The Borrower agrees that the Funds may be held by the �
<br /> ? " Lender;and commingled with other funds and the Lender's own funds and the Lender may pay such items
<br /> ; fmm its.own funda and the I.ender shail ziot be liable for intezest or clividends on such Funds. "��,+y
<br /> � � � � � +,�.
<br /> I£the amaunt of the Furids held by I.ender,together with the #uture monthly installments of �'unds �
<br /> �� ' payable prioz to the due dates of taaes,assessments, insurance'premiums and ground rents, shall exceed ,„� t
<br /> the amount reqvired to pay said taxes,assessmen#s,insurance premiums and ground rents as they fali due, ��
<br /> , , sueh e�cess ahall be,at$orrower's aption, either promptly repaid to Borrower or credited to Borrower on ;���,
<br /> �
<br />� . ; - � niuntTcily ix�si,allrneuts,�f Funcis. It i.he axnuunt uf tI�e Functs-held Ly Lender shaII not ha sufhcient`,o pay �.�;,,,�
<br /> ;;.—,2s, ass�ssm�ts, insurance premi.:ms a�d g.atz.^.d :�a:s� thc3� fall duc, Bozror.�er sh.all paj� to Lender °
<br /> any ampunt neceasary'to malce up the defi�ciency within thirty days after notice from I,ender to Borrower '' �
<br /> ; > requestirig paym�ent thereof, r�r $orrower shall;by an increase in monthly installments of Funds reqaired, ���:-�
<br /> , , ' " zepay the defic�e�ncy vyithin tYie Fund accounting pe�ind.
<br /> � ' Upon payment in 'full of all sums secnred by this Mortgage,Lender shall appiy Funds held as a cred�t
<br /> against a�i sums due.
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