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<br /> �; � �"� �� NIORTGAGE
<br />�*����< ' ;l�� (��06038
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<br /> , � THI�n10xrCAe�L,made and executed this.... ►.�............ duy oi..�_!s_..�c�.r.a.r......... A.D.,
<br /> ' : i9...:�.i..:,oeivrecn ine iviorigagor,......Jc�:.,�.:.,,.�ci.ianci,..a..b.iugi�..j;ccnu��-.---r.-.----r..---r.-----..
<br /> , ; .......................�---............................... . ...........................................
<br /> � vrand laland I1a12 ebra a �
<br /> .: : of........:................................County ot........ . ......... .....,State of.?' b..........,l�er�in�fter teferred �
<br /> ` to as the Borrower, and the Mortgngee, h'IRST FED�RAL SAVINGS AND LOAN ASSOCIATION OF
<br /> ! LINCOLN, 1235"N"Street, Lincoln, Nebra:�ka 68501,its successors and a�.5igns,hereinaHer referred tn
<br /> � as i,ender.
<br /> ' �i x ss•TFt: Thnt thc aid Borroa•er for nnd in considcrntion of the sum of....T.WENTY.THOUSA?ID.,._
<br /> I EIGIiT �ill�iDF�D AND NO/10�1----------------------------DoL'nrs (US� 20,800 00
<br /> ; ; .......... . . ... ................................................................................ ............. .... .......)
<br />�,,; ; paid by snid l.ender does hernb;mortdag�,�r�nt flnd convr.v to Lender, its succe;sors nnd ussi�,ms; fhe �
<br />� � ioiiowing descrioed properiy iocnied in ine Coun'ty�oi ''�.al� ,Siaie oi �reuu+:;ka: �1
<br /> F:actional Lot Eiz�t (8), in Practional Block Seven (7), in Wallich's
<br /> Addition to the City of Grand Isltind, gall County, Nebrasko and its
<br /> comnlement, Fractional Lut Eight (8), of Fractional Block Two (2),
<br /> in Rollin'c Addition to the City of Grand Isl�nd, Ht�ll County, Tiebraska.
<br /> i `
<br /> Toc�xt�etc with nll the improvements now or hereafter erected on the property, and ull easements,
<br /> rights, nppurtennnces, rents,royalties, mineral, oil and gns right� nnd profi�s, wnter, wnter rights, nnd
<br /> wnter stock,And all fixt�res noiv or hercafter attached to the property, ull of which, including replace- ,
<br /> mentx und additions thereto,shnll be deemed to Ue nnd remain a part of the p:operty covered by this ;
<br /> R;ortgage; ard ali ui tha foregoing, togell�er wil'n suiu�ruperLy (or lhe teuneiroiu esL�tie in fiir evenL lhis
<br /> Mortgage is on n leasehold) urc herein re(erred to ns the "Property".
<br /> Borrower covenantr,thut Borrower is lnwfully seised of the estnte hereby conveyed and hns thc right
<br /> io mortgage,grnnt and convey the Property, that the Yroperty is unencumbered,and thnt Borrower�cill �
<br /> warrant and defend genernlly the title to the Property ngninst all claims and demands, subject to anV
<br /> essements and restrictions]istecl in a schedule of exceptions to coverage in any titJe insunnce policy in-
<br /> '� suring Lender'h interest in the Yroperty,or (2) attorney's opinion ot title (rcm abstract of title certified
<br /> s by bonded nUstracter.
<br /> PaovtnFn AuvnYs, und these presents nre executed und delivered upon the lollo«•ing conditions,agrea
<br /> ments and obligations oI the Borrower, to-wit:
<br /> , ' ._._._... .... _...._
<br /> The Bonon�€r n rees to pay tn the Lender,ar order,the principal sum of.lwnni i irivuSiuvL EiynL,
<br /> , , � HLTIDRED AND NO/10�---------------------------------Dollnrs (liS 5._20 800 00 �
<br /> .................................................................................................................... +........�........................
<br /> .
<br /> pnynble us provided in a note executed and delivered,concurrentlp heren�ith,thr.final_payment of principnl,
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<br /> �����, .nv nf TTnva•nhor
<br /> .................. �......�.............�..................... .�� _. .
<br /> Uxreoent Co��exaNrs.I3orrowcr and Lender covenant ancl agrce as follows:
<br /> _ 1. Payment oi Principal and Intorest. Borro���er shall promptly pay�vhen due the principr�l ot and in-
<br /> terest on t}te indebtedne�s evidenced by the Note,prepayment nnd lalc char{;es as provided in t1�e A`ote,
<br /> and the priucipal of nnd intere.9t on any Future Advances Secvred by lhia titortgnge.
<br /> 2. F�nda for Taxes and Insuraneo. Subject to Lender's option under parn�raphs�I nn:l 5 hereof,I3or-
<br /> ro�cer shall pay to Lcndcr on the day monthly installments of principal nnd interesL arc payable undrr thc
<br /> Not<:,untii the Note is paid in[ull,a sum (herein"Funds") equnl to one-ht�elf(h o[the t•c�nrly ;ases and
<br /> assessme�ts�vhich muy att:�in priority over this\tortga�e, and ground rents on thc Property, it any plus
<br /> one-tw�el(th of yearly premium installments tor haznrd insurance, plu; onc-tH•elfth of}•carly pcemium in-
<br /> stallments for morlgage insurAnce,if any,all ns rensonnbly cKtimated initinlh• nnd [rom time to time b�� :
<br /> .� � I.ender on the basis ot nssessments nnd Uills and rensonable estimates thereof,I.ender shnll�pply the Funds
<br /> ; to pay said taxes,nssessments,insurnnce prnmiums and ground rents. Lender�hnll muke nu charFe for so
<br /> lio!ding and applying the Pund�s or verifying and compiling saicl assessr.i^nts nnd bills.The Lender shnll
<br /> �ive to the Borrower,withouk charge,nn nnnual accc�unting of the Funds showing credits and debits tv the
<br /> � Funds and the purpose{or w5ich e.:ch dchit ko the Funds�ti�us made. The Funds are pledged as ad�litional '
<br /> ��. securit.��for the sum4 secuted b,r•ih�s Mortgage.The Borro«•er aFrecg thet the Funds may ba hcld by the �rs.� •
<br /> ; Lender nnd commin,eled wit6 other funds and the Lender's own funds nnd the Lender mey Pfly Fuch items �.^.s���''
<br /> .: [rom its o�en tunds and ti�e Lencler shnll nnt be liable tor interest or dividend�on such Fundy. � -
<br /> � �. If the nmount o[the Fun�.s held by Le7der,f-0qether �+tith the future monthly instailments of Funds �
<br /> paynble prior to t.hr,due dates of tuxes,nssessments, insurance premiums and ground rents, shall excecd �
<br /> �,.�+ � the umount required to pay snid tazes,a.4se:sments,insurance premiums nnd g-oand rents as tl�cy fall:lue, rt
<br /> `����+',' such excesE shnll}m,at$ono«�cr's option,either promptly repaid to IIorrocver or cre�'•i�ed to Borrotieer on �
<br /> �'�„�� ;� monthly instsllments of Fundfi. Ii the nmount of t.he Funds held hy Lender shnll nat be�ufficient ta pay
<br /> ..x:��:;.E taxes, nssessmen(s, insurance premiums and ground rents as thev faII due, Borcv�cer shnll pay to Lender
<br />.',`u�'��v:;,� - .
<br /> .,�:.;_;� any amount neces:.ary fo make up the deficiencv within thirty dnpa nfter nutice frnm I.ender to$orrmver
<br /> d�::.''�"`'�^'6 rcuuestine pa��ment thermf, nr T3nrrn�,�ar�ha11,�t,y o.,;.,____,_...___��rtit�;.,�eo�i.,,�.,}�„r g._n,t�r _,_�.� �
<br /> a�-1���? - C:iV L}:�LC�G7CS1C'. t':lf.!:iR Li:^ �t7:1r1 1r^!�. h �r nrl, � �
<br />� � :�' ' ' '� "
<br />� :! Upon payment in full ef r,ii s��,is Fecuted Ly this 2vio:fgage,I.ender shall nppit•�unds held as a credit
<br />�_, � against a11..ums due. I
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