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<br /> INDIVlDUAL . •
<br /> DUE ON SALE
<br /> Fl�■ L . OPTIONAL F�ITURE ADVANCES
<br /> , SAVINGS FUND
<br /> �lNC� Fonni No.720 �. �� . � . .
<br /> , � �oan Number.._�4473___-_1$$__-_a1_h ,
<br /> "77 U049�5 ' M O R T G A G E
<br /> THIS MORTGAGE, made and executed'thts .._:.. �.�.. .. _... day of ...:/9uyY.s t. .:..._ _..._ A.D., ,: '
<br /> ', : 19._ �7_,between the Mortgagor, ..Js'uates..B.,__:Rxa.est..au.d;.�s�l.l.�en._I.C..._Rs3.eai.,.:hu&b.and..and..sai£e.,.
<br /> � i��nt�-� a�d �ach i.n._.�h��.X..ozan, xxglat� --••---�--.....-:...-----��----- ...:.... ......•--•----
<br /> , of _.:::Grand;,Island_.;......, County of- •--------l�s��-_1..:........:...:.State of...N�b.T.a&k,a......,hereinafter referred �
<br /> ^i to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns,hereinafter referred to
<br /> „ as I.enden
<br /> y
<br /> r WiTNEsseTx That the said Borrower for and in consideration of the sum of .THIRTY.FIVE THOUSAND
<br /> ` TWO HUNDRED AND NO/100 ---------------�ollars (US$.35,200 00_.;_
<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 Twenty-four (24), Western Heights Th3rd Subd3vision, Ha11 County,
<br /> x Nebraska.
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<br /> TocE'rxEx with all the improvements now or hereafter erected on the property, and all easements,
<br /> rights, appurtenances, rents, Toyalties, mineral, oil and gas aights and profits, water, water rights, and
<br /> water stock, and all fistures now or hereafter attached to the property, all of which, including replace-
<br /> menta 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 propexty (or the Ieasehold estate in the event;this
<br /> � Mortgage is on a ieasehold) 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 rnortgage, grant and convey the Property, that the Property is unencumbered, and thaL Borrower will
<br /> warxant ancT defend generally the title to the Property against aII 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 /> f suring Lender's interest in the Praperty,or (2) attorney's opinion of title from abstract of title certified
<br /> : by bonded abstracter.
<br /> ; Pxovincn ALwnYs, and these presents are executed and delivered upon the follawing conditions,agree-
<br /> � ments and obligations of the Borrower, to-wit:
<br /> `� The Borrower agrees to pay to the Lender,or order, the principal surn of THiRTY. FIVE_THOUSAND._TWO
<br /> i HUNDRED ANA NO/L00----------------------------------'Hollars (US$ 35z200.:0�... _
<br /> _ ---------------------�----�-------�----•�-------•---�-----._.......--------------..... ._.._.....__......_ _._._. ..)
<br /> payable as provided in a note executed and delivered,concurrently herewith,the final pAyir,ent of principal, .
<br /> ;� if not sooner paid, on the ...------.lst-.---..--- day of _...._..September..............:...�g..�OQ6
<br /> UxxFoxnz CovExnx�i;s. Borrower and I.ender covenant and agree as follows:
<br /> I. Payment of Principal and interest Bormcver shall prornptly pay k>hen due the principal of and in-
<br /> terest on.the indebtedness evidenced by the Note, prepayment and late charges as provided in the Note,
<br /> , and the pr9ncipal of and interest on any Fui;ure Advances secured by this Mortgage.
<br /> 2. Funds for Taxes and Insurance. Subject to Lender's option under paragraphs 4 and 5 hereof,Sor-
<br /> ro�c�er shatl'pay to Lender on the day monthly instalhnents of princi�al 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 oder this Mortgage, and ground resit�� on the t'ropert,y, if any plus
<br /> one-twelfth of Yearly premium instalirnents for hazard insurance, plus one-twelfth of yearly premium in-
<br /> stailments for mortgage insurance,if any, all as reasunably estimatecl initiaily and irom time to time by
<br /> Lender on the basis of assessments and bills and reasonable estimates t.hereof, I.ender shaIl appl� the Funds
<br /> „ to pay said taxes, assessments,insurance premiums and ground rents. Lender sliail make no charge for so
<br /> holdipg and applying the Funds or verifying and compiling said assessments and bills. The Lender shall
<br /> give'to the Borrower;without charge,,an annual accounting of the Funds showing credits and debits to the
<br /> Funds and the purpose for which each debit to the Funds was made. The Funds are pledged as additional
<br /> ; ' security far the'sums secured by this Mortgage. The Borrower agrees that Che Funds maybe held by the '
<br /> Lendei and commingled with bther funds and the Lender's own funds and the Lender may pay such items �; .,,��p
<br /> from its own funds and the Lender shall not be liable for interest or dividends on such Funds. �-. '
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<br /> " If'the amount oi the Funds held bq Lender,together with the future monthly instaiiments of Funds i„ • ��
<br /> payable prior to the due dates`of tases,assessments, insurance premiums and ground rents, shall exceed , F ,
<br /> �„ ' the amount required to pay said taxes,assessments,insurance premiums and ground rents as thev fall due, ; , ,
<br /> suGh`excess°shall be;at Borrower's option,either promptly repaid to Borrower or credited to Sorrower on '"�`""
<br /> 4 mvnthIy installments of Funds. If the amount of the Funds held bv Lender shalI not i�e sutTuient to pa,y �
<br />�" ', " p • grotu�3 rents as 1.hey iall �iu�,Borr�wer�;Pidli �ay Cu Zcn�ler ` ��"�
<br /> , taz:.a:��ssxnEnts, innuranuc i°n�i�auu.s at�d � .
<br /> any amount necessary%tp make up the deficiency�*ithin thirty days after notice from Lender to Borrower �
<br /> requeating payment Lhereof, or Borrower shall, by an increase in monthly installments of Funds tequired, �`
<br /> repay;the deficiency within the Fund accounting period.
<br /> Upon payment in full of all sums secured by this Mortgage;Lender shall apply Funds held as a Lredit
<br /> againsb all sums due, ' �
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