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<br /> INDIVIDUAL
<br /> DUE ON SALE
<br /> OPTIONA�. FUTURE AOVANCES
<br /> � SAVINGS FUND
<br /> FORM N0.720
<br /> � Loan Number_�t975___-_ 199_-_ 1__ .
<br /> TYa 8.:���
<br /> 77• U063`70 IUf O R T G A G E
<br /> THIS MORTGAGE, made and executed this _. ......,�1._..._........ day nf ___1���".`'......__._..... A.D.,
<br /> 19..�.J.., between the Mortgagor, ..._Phil.lp_A...xhAu.t�-.ut►d. .G�e�d.� I,.....'�haut._husband.and._yife,.,,
<br /> ...,�nint2.y...and..eseh..in_.�heir...o.wa...r.i8hz......................_...........--..__............_._..... -...._._..... --.........._.
<br /> of...Gr.dad...LalaA.d.........., County of ._...._.H.a.�.l_._.....__.----• State of....�iebraaka...__.hereinafter refened
<br /> to aa the Borrower, end the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, ite succesaors and assigns, hereinafter referred to
<br /> aa Lender.
<br /> WlTNES6ETH: T}1HC tllB said Borrower for and in cronaideration uf the sum oi _T1dEA1TX_7ti[O..T�I?1JSADID
<br /> .....AND--D10/.l(1Q----..-..-----------------.-.-.__---,-------=---.�Dol:ars (US$_22.QQO..QQ.__...--._....)
<br /> paid by said Lender, does hereby mortgage, grant and convey to Lender, its successor� and aesigne; the
<br /> following described property located in the Count,y of .__..._Hall...._.._ _..._...... , State of Nebraska:
<br /> The South Thirty-one Peet (S 31') of Lot Nine (9), Block 'I�,relve (12), and
<br /> the North Twenty-nine Feet (N 29') of Lot Ten (10), Block Twelve (12), West
<br /> Park Addition to the City of Grand Island, Hall County, Nebraska.
<br /> TOCBTH6Y R'►iI1 8�I Y,I1B improvements now or hereafter erect.ed on the progerty, and all eaeement�,
<br /> rights, appurtenances, rente, royalties, mineral, oii and gas rights and profits, water, water rightai, and
<br /> water atock, and ail fiztureEs now or hereafter attached to the property, all of which, including replace-
<br /> mente and additione thereto, shall be deemed to be and remsin a part of the property covered by this
<br /> Mortgage; and all of the foregoing, together with eaid property (or the leasehold estate in the event thie
<br /> Mortgage is on a leaeehold) are herein referred to as the "Property".
<br /> Borrower covenants that Borrower ie lawfully seised of the estate hereby conveyed and hae the ei`ht
<br /> to mo�gage, grant and convey the Property, that the Property ie unencumbered, and that Borrower wiil
<br /> warrant and defend generally the title to the Property againat all claims and demands, subject to any
<br /> esaements end reetriction� listed in a schedule of exceptions to coverage in any title insurnnce policy in-
<br /> aurine Lender's interest in the Property,or (2) attorney's opinion of title from abstract of title certi5ed
<br /> by bonded abetracter.
<br /> PROV IDED ALWAYB, and these presents are executed and delivee�ed upon the followiag conditions,aqree-
<br /> mente and obligations of the Borrower, to-wit:
<br /> The Bortower agrees to pay to the l.ender, or order,the principal sum of '��Ii.TX_'�4-��'ID_
<br /> _AND,_NO/100____________________�-------'�-'---------�Dollare (L?S $ _ 22e000•.00 __. )
<br /> .........................._.........._.._.._-..........__..___. _..._ ____.. _. _ _
<br /> peyaMe as provided in a note executed and delivered,concurrently herewith,the final payment o(principal,
<br /> if not sooner paid,on the____��t_... .__ _ day of_ November__ _ . t9� 2006
<br /> UNtr�o�ss CovEivex�. Borrower and Lender covenant and agree as follows:
<br /> 1. Payas�at a�Prineipal mid InterasL Borrower Ahall prompt(y pay when due the principel of and in-
<br /> terest on the indebtedness evidenced by the Note, prepayment and late charges a�; providrd in the Note,
<br /> and the principal of and interest on any Future Advanc�becured by t.hi� Mortgage.
<br /> Z Fmtdo for T�es�d isuurmice. Sabject to Lender's option under para�raphs 4 and 5 hereof. Bor-
<br /> rower shall pay to Lender on the day awnthly installmenta of principal and interest are payable under the
<br /> Note, until the Note is paid in full,a sum (herein"Funds") equal to one-twelfth of the yearly taze� and
<br /> aeseee�entx which may attain priority over this Mortgage, and ground rentr. on i.he Pro{�erty, if any plu+
<br /> one,-twelfth of yeerly premium inatallmentR fnr haznrtl inFurnnre plii� ��nP-fwvlfth of yFarly ��rrmium in-
<br /> atalltaentra fos mortgage inaurence, if anY all ae reasonabl,y estimated initiallv and from time to time bv
<br /> Lender�the besis of aseeesments and txlle and reaeonable estiautes thee�cwf,I.ender shal!apply the Funde
<br /> t,�►PsY easd t�tzea. ssseesmenEe, insuraeoe premiums and Rround renta. Lender �haU make no chsr�e for�
<br /> holdina aad aPP1Y�6 the Ftit�de or ver�fyius aad compiiiag said aeeesementa snd bills. 'i'l�e Lender ehal!
<br /> �ve to the Borrowee,withait charge,ae anttuai a000untina of the Funds showing ceedits and debits to the
<br /> a�t6a pttr�po�ae for w�hich each debit to the Funds was made. The Funds are pledged ae additional ,-+�
<br /> recucity�oe tl�e e�ms eecue�ed b tltis 11aLo�e. 'I"�e Bo:row•er agrees that the Fuada may be hekl by the „�,,
<br /> 5�m 'ib a�vavn�aad tFre I.ee�der��wt lishb fors�nteerafit o�r i#i 'vidends such F�� itemR �*'
<br /> � If t6�e amoust of tl�e Ftited�lreld by Ledec.ta�ethee tvit6 tAe futue�e monthly iaatallments of Funde
<br /> ue
<br /> i+�Y��P� to t6s dua tiataa of�ea. wa�menCs, i�aurasoe pe+eev�m aad Aeawnd rentn. ahall e:ceed .
<br /> the amomt required bopa y emdd tiu[es.dsee�ta,ins�uance pseini�s sad grouad rents as they tai� dve,
<br /> �e:osoe�7i be,at Boeavwrer'sop�,si�eepa+o�ye�p�to Eiornow�er or cred�ted to Koirower on
<br /> �eonthbr i�ltme�t of Fte�cia. If tbe imsodnt af t�e 1�'nods l+eM by Leedet rhtfi not be sufficient to pay ,;,
<br /> �t�, a�e�mee�Es. impse�eae p[eeaiwes and �o�nd i+enb as t6sy �al! due, Boerower ehall pay to I.ender
<br /> a�v a�ouat eec+areq bo ewi�e up tbe A�AoiMwe�.w+R1�in tl„r!y elery,.�ffrr ne+firr I+r+m I,n��irr te. R.+rrr�wp�
<br /> *eQ�!pt 9�t �. � Hoee�uwer�il, bq an iecnesae ee e+ontl�iy ieetatla�ents of Funde required.
<br /> �Y � �cY witl+u+ tl�e Fund � Pe�od-
<br /> ' Upoa pay�,vtt in futi of ap wms secnred by this Mort�a6e,Lender shall appiy Funds held aE a credit �
<br /> ' agai�ut a!!sume due.
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