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<br /> INDIVIDUAL
<br /> ' �� �� DUE�� ON��SALE � � � � � � � ��. ��,_:; .
<br /> OPTIONAL FUTtJRE ADYAfVCES
<br /> �� SAVINGS FUND
<br /> FoRm�No.720�
<br /> � �r� Loan Number___�4360_-' 188_� 1__
<br /> TyPe 9ranth'�� �
<br /> i 77- U04898 ` M ,O R T G A G E
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<br /> � THI$ MORTGAGE,'made and executed this . ...��. __..:.._... day of ._.:.IF�Gs f AD; '
<br /> " 19._._.7.7..,between the Mortgagor Wi�,la.ata R Wilson> a single pE.rson
<br /> �� ..: ' ` .....:: .- • - .... . .. .:......�--- . _...... .. .... ... .s
<br /> � of Grand_Zsland.... ..'_, County of...__:........T�al.�.......... ....State of._.I�Iebxaska.,....,Y�ereinafter refQrred
<br /> s .
<br /> Q to as the Borrower, and the Mortgagee, h'IRST FEDERAL SAVINGS AND LOAN ASSOCIATION OE
<br /> � LINCOLN, 1235 "N" Street, Lincoln,Nebraska 68501, its successors and assigns, hereipafter referred to
<br /> as Lender.
<br /> '� ELEVEN..�QUS,AL`IA----- ; , ;' , .
<br /> WiTNEssETx That the said Borrower for and m consideration o£the sum of
<br /> s� FIVE HUNDRED AND_NO/100._.:_ ..... ----t�ol:ars (US$--..11.,500..9.4....:... ..:.:) .,
<br /> ... .......... ... ... - - .__... ... ... ---..., ..
<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 _..._. Hall___ _________ _________ State of Nebraska:
<br /> �� Lot One (1), in Block Sixty-Three (63} in Wheeler and Bennett's'Second Addition to
<br /> the City oP Grand IsZand, Ha11 County, Nebraska.
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<br /> � TocExftEs with all the improvements now or hereafter erected on the progerty, and all easements, "'
<br /> � rights, appnrtenances, rents, royalties, rnineral, oil and ga.s rights and;profits, water, water rights, and
<br /> -p° water stock, and all fixtures now or hereafter attached to the property, all.of which, including replace- "`:``''
<br /> r 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 pmperty (or the leasehold estate in the event this
<br /> ,� Mortgage is on a leasehold) are herein referred to as the "Property". '
<br /> . " -'.
<br /> Borrower coyenants that Borrower is lawfully seised af 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 /> � warrant and defend generally the title to the Property against all claims and demands, subject to any
<br /> 3 easements and'restrictions ]isted 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 /> Paovznfin ALwAYs,and these presents are executed and delivered upon the followiag,eonditions,agree-
<br /> ,•' ments and obligations of the Borrower, to-wit: '' '
<br /> Y� The.Borrawer agrees to pay to the I.ender or order 'the pnncipal sum of__.�LEVELS.:THQ�ISADTD ElV.E `
<br /> `� ,:. HUNDRED_AND NO 100 -----i�ollars (US $:..__�.1:>�Q9.._QQ---.--- .. ::) ,
<br /> 1..�--- �---�-�......:.... . ...: .... .....�-�-----�-
<br /> .; payable as provided in a note executed and delivered,concurrently herewith,the final payment of pxincipal, ` '
<br /> • � if uot sooner paid,on the . ...lst: ..::._..day of -•--.5e�temb,er .....::....... 19:97... �
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<br /> + Uxi�oamt CovExaxTs. Borrower and Lender covenant and agree as follows:
<br /> � 1, Payrnent of Principal�d Interes� Borrower shall promptly pay when due the principal of and in-
<br /> _'' terest on the inde6tedness evidenced by the Note,prepayment and late`charges as provided in the Note;
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<br /> 8 and the'principal of and in�terest on any Future Advances secured by this Mortgage.
<br /> , 2. Funds for Taxes aad Insurance. Subject to Lender's option under paragraphs 4 and 5 hereof,Bor-
<br /> v,s ro�ver 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 tize yearly taxes and ` '
<br /> °� assessments which may,attain priority over this Mortgage, and ground rents on the Property, if anp pius
<br /> ; � one-tsyelfth of yearly premium installments far hazard insurance, plus one-twelfth of yearly premium in-
<br /> stallznents for mortgage`insurance, if any,all as reasonably estimated initimlly and from time to time by
<br /> � Lender on the basis of assessments and bills and ieasonable estunates thereof,Lender shall appiy,the Funds
<br /> to paY said taxes;assessments,insurance premiums and ground rents. i.ender shall inake no charge #or so
<br /> a _ holding;and applying the Funds or verifying,and compilimg said assessments and bills.The I.ender shall
<br /> : , give to the Borrower,without charge,an annuai accounting of the Funds showing credits and debits to the
<br /> t,� F'unds and th�purpose for which eack�debit to the F�nds:was made, T�e'Funds are pledged as additional
<br /> s, security;for the sums secured by this IVIortgage. The Borrower agrees that the Funds inay be held by the � ,
<br /> , ; Lender anif commingled with other funds and the Lender's owa funds and the Lender may pay such items
<br /> z from its`own#unds and the Lender shall not be'liable for interest or dividendg on suci�Funds. " : >, " �''�,
<br /> Tf the amount,o#the Funds Izetd by Zender,together,with the £uture monthly installments of Funds � '�� �`��
<br /> � paysble-prior to the due'rlates of ta$es, assessments: insurance premiums and ground rents, shall esceed ,�'
<br /> the amaunt required to pa}+said tases,assessr�ents, xnsttranCe premiums mnd�raund rents as they,fali due; " +' �T�,
<br /> such excess sha11-be,at Borrower's option,either promptly repaid to Borrower or credited to Borrower on ��'�
<br /> �• ' znqnth�y'installmettte o#'Funds. �f the amount of the Funds heid by Lender shall not be sufficient to pay ' <
<br /> tases,assessments,insurance pr+emiums-and ground-rents as they fali due,Borrower snall pay to L�ender ` ' '
<br />� g �xy,�uutri�t ne��ry to r�a2:e�Llie r�EGc:ienay w�tlun�liuty;days�.tei rotice from Z.ender.to Sorro�ver ,,,�,,�� ,
<br /> requesting payrnent thereo#, vr$orrower shall, by an increase in monthly installments of Funds required, s� ...
<br /> repay the deficiency within'the�'und accountia$'period."
<br /> I7pon �ayment in futl of all vun�i szCured hy tr,is Mqrt;gaga,Lender shall agply I'unds heid ns a cr^dit
<br /> against ail:siuns due.
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