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<br /> I�IDiVIdUAL
<br /> DUE pN SALE
<br /> f-�R��� ` OPTIOIVAI_ FUTURE ADYANCES
<br /> FEDE��'��A S<1'VWGS FUND
<br /> �, � � ��NCV�ir �FORM No.720 . � . � ..
<br /> Loan Number__ 34823---,188 --1
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<br /> ' . � . .. . � � . � TJ'pe. Flran[n ..
<br /> 7��. C)C)f���"� M C.O R T G A G E
<br /> THIS ?�70RTGA�E, made and executed this r�O.. .,. ,._. da� of . ���'�F' A.D.,
<br /> 1� 7�7 Robe�t .Ruza ck�.an!3,Carman._L,..Ruzicka .husbanc�.,_and .�qz£e.,._
<br /> hetween the Morigapor ..
<br /> _aointly_and each_.in th�ir own ri�ht_,._
<br /> _......_ .. _
<br /> Grand Island ' ----------...._---- __ ...... .
<br /> .... ......_.....
<br /> of ......,,_ .._ __. _. .. ......., Count� of _. . ..Hall State of �lebraska.,,. . ,heremaffer referred
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<br /> to as the Borrnwer, and t}ae R4ortbagee, FIR5T FEDERAL fiAi%TNGS AND LOAN ASSOGIA'I'IO\' UF
<br /> LII�TCOLN, 1235 ^N" Street, Lincr�ln, Nebraska fr85fJ1, its successors and assigns, hereinafter reS'errecl t.o
<br /> as Lenc3er. �
<br /> Y ' �'VtTxsssETH: That; the said $orrc�wer for and in consideration of the surn of ..TH,IRTY_.T}i��.__��pL�SAND
<br /> TWO HUt�DRED AND h0/100--- ---------------------- -�al;ars (liS g 33,2,00 0.0._....
<br /> ...._. .._.... ........... .......
<br /> pa�d by said Lender, does hereby mertgage, �rant and convey to Lc:ncier, its >
<br /> successorG and ass�Kns; the
<br /> follawing descrik�ed property located in the Gounty of __ _Hall. . , St:ate of rJebraska:
<br /> Lot Seventeen (17), Block Three (3�, in Meves First Addition to
<br /> the City of Grand Island, Hall C�tznty, Nebrask.a,
<br /> ToceTxLs a•Ith all the in7pi•c�veinents rsow or hereaft;er erected on the property, eand all casements,
<br /> rights, appurtenances, rents, royalt:ies, mineral, oii and gas rights anc� profit:s, water, w•ater rights, anc3
<br /> water stock, arsd all fixtures nocv or hereaft.er attached to the proper,',y, all of �uhich, inclucling replace-
<br /> @ ments anc3 additions thereto, shal! be c3eemed to be and remain a nart of the �iroperty covered by this
<br /> Mortgage; and all of t.he foregoing, together with said property (or the leasehold est.at.e in the event this
<br /> Mortgage is on a leasehold) are herein referred to as t.he `Property".
<br /> Borrow-er covenants that Borrower is lawfully seised of the estake hereb�� conve�>ed and has the right
<br /> to mortgage, grant an�I convey the Property, that the Property is unencumbered, and that Borrower will
<br /> warrant and defend generally the title t.o the Property against all claims and demands, subject to any
<br /> �asements and restrictions list.ed in a schedule of exceptions to coverage in any title lnsurance policy in-
<br /> s,ring Lender's interest in the Property, or (2) attorney's opinion af tit)e from abstract of tit,le cert.ified
<br /> by bonded abstracter.
<br /> PaovtnEn AewnYs, and these presents are c:kecuted and delivered upon the following conc3itions,agree-
<br /> ments and obligations of the Borrower, to-w�t:
<br /> f! The Borrower a r es to pay to t.he Lender or order the principal sum of ...�iRTY THREE THOUSAND �
<br /> TWO HUNDRED AIQD ��100--=------------'-- =--- 33 200 00 _
<br /> _.. . .- ----'Dallars (ii$ 5;.
<br /> ._ ....... ... . . ..
<br /> � payable as provided in a not�-e executed and de]ive�Ed,concurrentlti•here�i�ith,the iinal pa�•ment.01'pi�nci�pal�
<br /> , if not sooner paid,on the lsi �a�,of 1�Tovember �c 20�6 ;
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<br /> li�ixt�xM Cc�vF;x,�rTs. Borro�ver and i.ender covenant. and agree as follows: �
<br /> r I. Payment of Principal and Inierest. Borrower shall promptly }aa�' when due 1:he principal of and in-
<br /> terest on the indebi.edness evidenced by the \Tote, prepa��rnent and late charges as pro�ided in t.he Note,
<br /> and the principaI of and interest on any Future Advances secured by this'�lortgage.
<br /> 2. Funds foz Taxes and Insurance. Subject to Lender's opt,ion under paragraphs 4 and 5 hereof, �3or-
<br /> ro«�er shall pay to Lender on the day monthly installments of principal and interest are payab]e under the
<br /> A'ot,e, until t.he I�Tote is paid in full,a sum (herein "Funds") equal to one-t:«�elfth of the yeari�� taxes and
<br /> assessments�;-hich mav attain prioritv over this A4ori.gage, and crround rents on the Pi•ope:±�•, ii an� ��)us
<br /> one-tuelfih of yearly premium installrnents for hazard insurance, plus one-tti�elfth of �-early premium in-
<br /> stallments for mortgage insurance, if any, all as reasonably esi.in�ated initiall}� and from time to tiine by ;
<br /> I.ender on the basis of assessments and bills and reasonaUle estimat:es thereof,Lender shall apply the Funds
<br /> to pay said Yzxes, assessments, insurance premiums and ground rents. Lender shall make no char�e for so
<br /> holding and applying the Funds or verifying and compiling said assessments and bil]s. T1�e L,ender shall
<br /> give to the Borrower, without charge, an annua] accounting a{the Funds showing credits and debiis to Lhe �
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<br /> Funds and the purpose for which each debit t�the Funds was made. T'he Funds are pledged as addit.ional - `'
<br /> security for the sums secured by this 1�7ort:gage. The$orro+ver agrees that the Funds may be held by the ��"'��"
<br /> Lender and commingled with other funds and the Lender's owm funds and the I,ender may pa�such it.ems � �'^
<br /> irom its own funds and the Lender shail not be liable for interest or dividends on such Funds. J
<br /> If the amount of the Funds held by I,ender,toeether with the future mnnth?y� ir.stailmer.ts of Funds � 4"� `
<br /> payahle priur to the due dates of taxes, assessments, insurance remiums az�d � "
<br /> the aMount re uired to P gr�ai.�nd rents, shall ��:cerd
<br /> 9 pa}�said taxes, assessmen�s, insurance premiums and ground rents as the��tall due,
<br /> such excess shall be, at Borrower's option, either promptl,y repaid to $orrower or credited to Borrower on
<br /> monthly installments of Funds. If the amount of the Funds held by I,ender shall not be suf(icient fo pay
<br /> taxes, assessments, insurance premiums and ground rents as thcy fall due, Boiruv.er sl�all F�ay i.o Lender
<br /> any amount necessary to ma3:e up the c?efictiencv cr�thin thirty days after notice from Lender t.o]3vrrowcr
<br /> requesting payment thereof, or Eorrower shall,�Uy an inerease in monthly insiallments of Fund�r��quired,
<br /> repay the deficiency within the Fund accounting period.
<br /> Upon pay>inent in full oi all surns se.cured by this Mortgage, Lender shall app]y Funds held as a c•re.dit �
<br /> against all sums due
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