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<br /> INDIVIDUAL
<br /> . ' DUE ON SALE
<br /> OPTIC7NAL FUTURE AD1/ANCES
<br /> SAVINGS FUND `
<br /> i -� �� FORM No.720 . .
<br /> � ��C�� Loan Number____��041_-_ 188:_ _1
<br /> `� TyPe BranCb
<br /> : � 7��. �0�899 M 'O R T G A G E `
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<br /> •.� THIS MOR'TGAGE,made and execnted this _._r��. .._:: ..... day of....Pr�s.°�-� �". -.:..-- A•T)., �
<br /> s 19 7T .;between the Mqrtgagor;L�xxy.:� ...Ira:s}a_and�:D�ci.�_:I,...Irie>h,..husband"._and...Vrifa,...ea,ch. .: '
<br /> � ,..�..k��;s._���.I2!��:..9[�3..3Aa�.Y�.d1?a�...�'��k7;t._.ai1�,._.aS..:s.gQ�xS.e_o�..:tS�Q:.athex:,--.jointly._and..saverally ;,
<br /> � of _..�rand_Island ....;..., County of ----:..��a,J,._.• ---... '.----.,State of..:::N�bsasiss----,.,hereinafter referred ` �`
<br /> `to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF ' ''
<br /> ` LINCOT.N, 1235 "N" Street, Lincoln;Nebraska 68501,its successors and assigns, hereinafter referred to
<br /> � as.Lender. �r.
<br /> � �'
<br /> " WiTxEssETx That the said Borrower for and in consxderation of the sum of ...: . .. . �
<br /> ; � ; T3�,1:R�Y qNE_�toUs�m.S�N x[lrm?�P.A�--StO%I,QQ.._.... ..--�ol:ars (US�_....31.,7.OD...(�o.::. ...... ) °�
<br /> {° paid by said Lender,does hereby mortgage grant and convey to Lender its successors and assigns; the r
<br /> following described property located in the County of...._......T�a�7.J..... ___:._..... ..., State of Nebraska: � -
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<br /> � Lot EigLzt (8); Block Ten (lO�, Joehnek's Addition to the City oP'Grand ;
<br /> ` � Island, Hal1 County; Nebr�ca, ,,"<.. �
<br /> �.� �� ' � � � � :
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<br /> ' � TocETxEB,with all,the improvements now or hereafter erected on the property, and aIl easement,.s, �
<br /> � rights, appurtenances, rents, royalties, mineral, oii and gas righta and profits, water, water righte, ar�d ,�
<br /> water'stock, and all fistures now'or hereafter attached to the property, all of which, inc]uding replace- ,.
<br /> F ments and additions thereto, shall be deemed to be and`remain a part of the property covered by this z
<br /> Mortgage; and all of the foregoing,together with said property (or the leasehold estate in the event this i� :
<br /> Mortgage is om`a leasehold) are herein referred to as the "Property"_' '
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<br /> � Bqrrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right `'
<br /> , � ta mortgage, grant and convey the Property, that the Property is unencumbered, and that Sorrower will
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<br /> . ; warrant and defend generally the title to the Propert,y against all claims and`demands, subject to anq `� ' �`
<br /> �° easements and restrictions listed in a schedule of exceptione 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 /> �
<br /> � bY bonded abstracter.' '
<br /> � � � PROVIDED ALWAYS� and these presents are executed and delivered�upon the.follc�wing conditione,agree- ,
<br /> , � � .�a � Borrower, to-wit: � � y � � �''
<br /> ments and obh tions oE the ,
<br /> ' � ; :
<br /> ; � The Borrower agrees to pay to the Lender or or er the pnncipal sum of:... •-
<br /> THIRTY ONE__2HOUS_A1+ID SEVEN HIJi�IDRED AND NO�Ob._... ..'..Dollars (US� 31z700 OO,.: . -•---• �
<br /> � payable as provided in a note executed and delivered concurrently herewith,the finai payment of principal, �
<br /> ' � if not sooner paid,on the ----.,.lst,-----_- .day of ._August....:.... ........,.---•- ��,-2006 � �
<br /> � L3xrsoaM CovsxnxTs.Borrower and Lender covenant and agree as follows: .
<br /> % 1. Payment o!Principal�d Inierest. Borrower shall promptly pay when due the �rincipal of and in-
<br /> �� terest on the indebtedness evidenced by the Note,prepayment and late charges as provided m the Nate,
<br /> - � ` and the'principal of and intzrest oa any Future Advances secured by this Mortga$e.
<br /> 2. Funds for Taxes and Lnsurcmce. Subject to Lender's option under paragraphs 4 and 5 hereof,Bor-
<br /> rower shail pay to Lender on the day monthly installments of principal and intereat 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 /> 1 assessments which may attain priority over this Mortgage, and ground rents on the Property, if any plus
<br /> y one-twelfth of,yearly-premium installments for haaard insurance, plus one-twelfth of yearly premium in-
<br /> � staliments far mortgage insurance,if any,all as reasonably estimated initially and from time to time by
<br /> � Lender:an the basis of assessments and bills and reasonsble estimates thereof,Lender shall apply the Funds
<br /> - � to pay said taxes,assessments,insurance premiums and ground,rents. Lender shall make no charge for so
<br /> � hoiding and applying,tne Func3s vr veruying tznd coinpiling sx�id �ss�suicnts"and bills. Tha YJe�der shsll
<br /> give to the Bormwer,without°charge,un annual accounting'of the Funds showing c;edits attd detrits to the
<br /> =% < Funde and the purpose for whieh each debit to the Funds was made. The Funds are'pledged as additional
<br /> , ,, security:for the sums seaured by this Mortgage. The Borrower agreea that the Funds rnay be held hy the �
<br /> � `I.ender'and comrningled with other funds and the I.ender's own funds and the Lender rnay pay such items
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<br /> from its own funds and:the 3,ender shall not be liable for interest or dividendsan'such Funds: , a'�, �°^�, ;
<br /> � If the amount of the Funda held by 7�ender,together with the future monthly,installments:of Funds ,�.,' �a��';
<br /> � pa3�able'prior t4,the due dates of tases, asaessments, insurance premiums and ground renta, shail exce�d � ,
<br /> the amount required ta pa3+said tases,assessments,insurance premiums and ground rents as they fall due, �r*^"
<br /> � such exeQss aha�be,at $orrower's option,either promptly repaid to$orrower or credited to Boxrower on �^''�'�
<br /> a monthly inat.allrnents af F�#nda:If the arnount-of the Funds held by Lender shali not be sufficient to pay ,�� '
<br /> ' `ta�cS>assc�sme�ts, iasurance premiums and„ground zents as they fall', due>.Borrawer shatl psy tr�Lender �' a' ,
<br /> � �.� � �
<br /> engemvunt ne�eQAr�! #o zn�3se up the dPficiency vPithin thisty days aftsr naticr#mm Lender tc;Borrower ., ..._..,
<br /> ; � requestuxg�ayment there+of, or'Borrower shall, by an;increase in monthly 3nstailmenfs of Funds required, s ��, '�
<br /> repay th@ eficiettCy within the.Fund accounting period.
<br /> s LT�n pnympnt in firli �f AIj Riltri4 RP('ill'P(� �)y�I114 MATI�Ag',P�T.Pndpr�hall appiy Funds held as a credit
<br /> 3 against all sums due.
<br /> �"4s � � . � . : . . . . . ..� � �� �
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