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<br /> CORPORATION �
<br /> L?UE ON SALE
<br /> � � � OPTIONAL FUTURE ADVANGES
<br /> �i.7/�Rh _
<br /> � �. , �I�� FORM No.721 . .� . . �. � � � .
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<br /> (� Loan Num4er__�4317 __-_T P�$_ 'a a��h
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<br /> { 7?o0D4�00 MORTGAGE
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<br /> : 'I'HIS MORTGAGE,made and executed tlus .:._:s��rz.:......__.. day of .�u�.U,.�� A D.,
<br /> . R 19.'lrl.._, between the Mortgagor, ....A.�iS'i.A...D�V��Q���� COMPAIJY, INC .:.- --r------ -- -- ------•---
<br /> a. $ g �-- .:....: ...... : ...... ..: ....::. .. ....... ...�---.. .......:...... ,. : ...._ :.. , a corporation,
<br /> , � or anized and existing under and by virtue of the laws of tfie State of I1�bx�,slc,a..._._... .:......... herein- '..
<br /> ' '� after referred to as the Borrower, and the Mortgagee, FIHST FEDEI?AL SAVII�JGS AND LOAN
<br /> V ASSOCIATION OF LINCOLN, 1235 "N"`$treet, Lincoln, Nebraska 68501, its successors and assigns,
<br /> , ; hereiriafter refarred to as the Lender. �
<br /> � W�mxEssExx: That the said Borrower for and in corrsideration of the sum of.TSlENTY._N.INE..THOUSANA i
<br /> iFLV.G._H.UA1SlREA:..AtVA:`.�1.01.7.00 _.--r.. ... --•--.... __... ---.—,-------�oliars (US$_:.29_,500_.1�Q..:: ........'.:) `
<br /> paid by said Lender; c3oes hereby mortgage, grant and convey to Lender, its successors and assigns; the
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<br /> � following described property Iocated in the County of:.: ...:.....Iiall...... ....... State of Nebraska: �,
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<br /> ' � ' Lot Fourteen (14), Argo TYiird Subdivision, Ha11 County, Nebraska, '
<br /> � ,� in the Village o#' Atda. ',''
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<br /> � TocETxEx 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 attached to the property, all of which,`inciuding,replace-
<br /> ', � ments and additions thereto,shali 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 (or the leasehold estate in t�e event this �
<br /> ; i Mortgage is on a leasehold) are herein referred to as the "Property". ,•
<br /> ` ,� Borrower covenants 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 /> � 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 of exceptions to coverage in any title insurance policy in-
<br /> s ' suring Lender's interest in the Property,"or (2) attorney's bpinion of titile from abstract of title certified
<br /> � by bonded abstracter.
<br /> ;` � PaovtnEp ALwaYs, and these presents are executed and delivered upon the following conditions,agree- j
<br /> g ments and obligations of the Borrower, to-wit:
<br /> � The Borrower agrees to pay to the Lender,or order,the principai sum of .T..�NTY,.NINE THOUSAND,FIVE �
<br /> - � HUNDRED AND NOI10�-----------------------------------:Dollars (US$..:.29.,50Q 00 }
<br /> . :,� ......... ......... ...__.....-•------••-------�--.....-�----.._...._..._.......--�---.......- --� ----•-.
<br /> , � payable as provided in a note executed and delivered,concvrrently herewrth the final pa,yment of principal, °
<br /> if not sooner paid,on the ------�.st...------day of..---:..�QgteAll�x' ..:............. 19..�7,..
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<br /> „ � UNi�'aeM CovExntvTs. Borrower and Lender covenant and agree as follocvs
<br /> 3 1. Payment of Principal�d Tnterest. Borrower shall promptl
<br /> y pay when due the principal of and in-
<br /> �� � terest:on the'indebtedness evidenced by the Note,prepayznent and late charges as provided in the Note,
<br /> � and the principal of and interest on any'Future Advances secured by this Mortgage.
<br /> � 2. Funds for Tmces and Insurance. Subject to Lender's option under�aragraphs 4 and 5 hereof,Bor-
<br /> � g rower shaA pay to Lender on the day monthly installments of principal and interest are payabie 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 tfiis Mortgage, and ground rents on the Property, if any`plus
<br /> - } one-twelfth of earl s for'hazard insurance,plus one-twel£th of yearly prernium'in-
<br /> y y p;emium installment
<br /> , , , stalltnents fur mortgage uisurance,if any„all as zeasonab?,y estimated initially and from time to time by
<br /> . i.ender on the,basis of assessments and bills and reasonable estimates thereof,Lender shall apply the Funds
<br /> : to pay said ta�ces,assessments,insurance premiums and ground rents. Lender shall make no charge for so
<br /> g 'holding;and applying the Funds or verifying and compiling said assessments and bills:The Lender shall -
<br /> giVe ta the Borrower,without charge,an annual accounting of the Funds showing credits and debits Lo the
<br /> � Fun,ds and the purppse for which each debSt to the Funds was made. The Funds are pledged as additional �
<br /> `securityi for the sums secured by thia Mortgage.The Borrower agrees that the Fands may be held by the � „ �
<br /> ; Lender and coznzningied with other funds and tha Lender's own funds and the Lender may pay such items �
<br /> ,.j frotn its own tunds,and the.Lender shall ttot be limble for interest o�c dividends on such Funds. � �e � ,
<br /> � � If the amouut of t�e k�nds'held by Lender,together with the future monthly installments of Funds �',� '
<br /> payable;piioz to the.due dates of taxes,:assessments, insurance premiums and grou�d rents, shall exceed ��.�,
<br /> the amota�t i'equixed to pay said.xaxes,assessments,insurance premiums and ground rents as they fall due, ;� `�
<br />� ; ... snch:excess shai2.be,.at Borrawer'e optiqn,ei�,her promptly repaicl to Borrower ur creriited to $orsuwer on , >x.�- .
<br /> , TMqrtthly: :,nstalisnents ef Fi:nds. T:"thc �our.t of the Funds held by I.ander shall nat be sufficier,t to pay
<br /> ¢ 't�xes, assessments insuranoe premiums and ground rents as they fall due,$orrower shall pay to Lender '�' �'
<br /> anq,amount necessary to tnake np the de&ciency within thirty`days after notice fmm Lender to Borrower �' '
<br /> requesting"payment'thereo£, ox;Borrower shail,;by an increase in monthly installments of Funds required,
<br />� ° re�ay tlae deficiency wiihin th�e Fund accounting period.
<br /> � Upon payment in full af ail sums secured by this Mort�age,Lender shali apply Fnnds held as a credit
<br /> f against ati sums due. �
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