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<br /> 1NDIVIDUAL "
<br /> I7lJE ON SALE j
<br /> ��'�' OF'TIQNAL FUTIlRE ADVANCES
<br /> F��R/1L SAV1hiGS FUND
<br /> � .. ���FORM No.720� � -
<br /> A-�NCQ�.N Loan Number__34674___-___188 __ _1_
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<br /> 77- ���0�'`� MpRTGAGE
<br /> ' THIS MORTGAGE,made and executed this ......... �`.`...,..._..:. day of....._��t�:"-:....-.---..:- A.D.,
<br /> 19:..77_.,between the Mortgagor, ..._.Douglas,_L...Marsh_and_Caro 1..T Marsh,..husband:_and wi£ex_
<br /> ' : .,,,,, �oi�ntly and each,in their own right _.._,_.,...__
<br /> -- . ... .. - � ---.. . -----�--._.
<br /> ' ; of Czl`.�Pd.�sland _.,__,.._., Count, af.....:�11:.__ .... ...__..,State of..Nebraska .._, hereinafter referred
<br /> to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN t�SSOCIATION OF
<br /> LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to
<br /> as Lender.
<br /> ' ; WiTxessETx: That the said Sorrower for and in consideration of the sum of...�H.IRTY.:k'QUB............
<br /> ' :.:TL�OUSADIP-.ADID--N01100--.---rr--rr..-.cr-r.cc--rrr:---r.r.--rrr.Dol:ars (US$_34�.O.OQsQQ----- •.-----:..:)
<br /> 1
<br /> paid by'said Lender, does iiereby mortgage, grant and convey to Lender, its successors and assigns; the
<br /> following described pzoperty located in the County of ..._H3.�X........ . ..:___._..... , State of Nebraska:
<br /> Lot 7�aenty (20), in Wolfe's Subdivision in the City of Grand 2sland,
<br /> Hall County, Nebraska.
<br /> t TocETr3Ee with All the improvements now or hereafter erected on the property, and all easements;
<br /> rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and
<br /> water stock, and all fixtures now or hereafter attached to the property, all of which, including repince-
<br /> ments and additions thereto,shall be deemed to be and remain a part of Che property covere� 1�y� this
<br /> Mortgage; and all of the foregoing, together with said property (or the leasehold estate in the event this
<br /> Mortgage is on a leasehold) are herein referred to as the "Property".
<br /> Borrower covenants that Borrower is lawfully seised of the estate hereby canveyed and has the right
<br /> to mortgage, grant and convey the Property, that the Property is unencumbered, And that Borro�ver will
<br /> warrant and defend generally the title to the Property against all claims and demands, subject to any
<br /> t easements and restrictions listed in a schedule of excepY,ions to caverage in any title insurance policy,in-
<br /> suring Lender's interest in iche Property,or (2) attorney's opinion of title from abstract of title certified
<br /> by bonded abstracter.
<br /> PaovtuEfl At,wnYs, and these presents are executed and delivered upon the foliowing conditions,agree-
<br /> ments and ohligations of the Borrower, to-w�t:
<br /> ' The Borrower agrees to pay to the Lender, or order, the principal sum of_.�IRTY,.FOUR.�THOU$AND_
<br /> �` A�D--NO/100-.---=-:--r-------r._-.c----.ccrr..--r.r.--.c----.----.--.Dollars (L7S �w 34�000 00----- .--.---
<br /> .)
<br /> payable as provided in a note executed and delivered,concurrently herewith,the final payment of principal;
<br /> , if not sooner paid,on the---- -..... _�5�---___ day of .....Noveml�-�r . ................�8_.2006
<br /> UiviroaM Covst•raxTs. Borrower anu Lenuer covenant an3 agree as follows:
<br /> 1. Payment ot Principal and Interest. Borrower sha11 promptlY Pay when due the principal of ancl in-
<br /> tere5t an the indebtedness evidenced by the Note, prepaYment 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 Taxes and Insurance. Subject to Lender's option under paragraphs 4 and 5 hereof, Box-
<br /> rower shall pay to Lender on the day monthly installments of principal and int.erest are payt�ble under t:he
<br /> Note,until the Note is paid in full, a sum {herein "Funds") equal to one-twelfth of the ,yearly tazes ancl
<br /> assessments which may attain priority over this Mortgage, and graund rents on 2he Property, if any plus
<br /> one-twelfth of yearly premium installments for hazard insurance, plus one-twelfth of yE:arly premium in-
<br /> stallments far mortgage insurance, if any, all as reasonably estimated initially and from time to time by
<br /> Lender on the basis of assessments and bills and reasonabie estimates thereof,Lender shall apply the Funds
<br /> to pay saicl taxes, assessments,insu3ance premiunxs and ground renfs: Lender ehall make no charge for so
<br />� holc3ine a.^.d applying ,he Funrls o: cirifyi.�g an3 com�i:ing sai3 assessnuants ar.3 Uills. Thc Lendcr shalt
<br /> give to the Borrower, without charge,an nnnual accounting�f the Funds showing credits and debits to the
<br /> Funds and the purpose#os a hich each debit to the Funds was made. The Funds are pledged as additional
<br /> security for the sums secured by this Morfgage. The Borrower�grees that the Funds may be held b.y the �
<br /> Lender and commingled witfi other funds and the LendQr's own funds and the Lender may pay such items
<br /> fmm its own funds and the Lender shatl not be liable for interest or dividends on such Funcls. �_.l�� � ��.
<br /> If the amount of the Funds held by Lender,together with the future monthly installments of Funds ay; �
<br /> � payable prior to the due dates of ta.ees; assessments, insurance premiums and ground rents, shall exceed �"
<br /> the amount required to pay said taxes aesessments;insurance premiums and ground rents as they fall due, ���
<br /> such`excess shall be, a£Borrower's option, either promptly repaid to-Boxz�ower or credited to Borrower on ��",,,;
<br /> monthly instailments of Funds. If the amonnt of the Funds held by Lender shall not be snfficient to pay
<br /> � taxes; ac��,�mPn��, insurance premiaimc Ana�rpt�•d rents as they f�tll �:ae, Bormwer chall pay tn I,4>nder ` "`
<br />� any amount necessarv`to mal:e up the°deficiencv within thirty days after notice from Lender to Bo:rower
<br /> requesting payment thereof, or Borxower shali;�by an increase in monthly installments of Funds required, " ��-
<br />� repay the deficiency-within the Fund accounting period.
<br /> Upon payment in full of all surns secured b,v this Mortgage,Lender shall apply Funds held as a credit �
<br />� against all sums due. '
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