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<br /> i - � . � -1
<br /> INDIVIDUAL � '
<br /> DUE ON SALE
<br /> FlR� OPTIONAL FUTURE ADVANCES
<br /> 11 SAVINGS FUND
<br /> .I ��N FOnM NOJ20 j �,
<br /> � u
<br /> ; Loan Number___347�3__-_188__-___1_ :
<br /> Troe ersocn � .
<br /> � 7��J��� / 1'.j_ �� �
<br /> M O R T G A G E
<br /> i THI9 MORTGAGE,mnde nnd executed this............�7,. _...... tley of__._.�..�?s'�-.^.�'.`.�-.............e,I?,, �
<br /> 19..77...,between the Mortgagor,..H$X.I,oW...L....Aa�.�ex...and Haxb�.�a J Aa£.£er,..hushand..aad..wife, `
<br /> ._,..,.,.�ointly,,.and_.each__in.,their owc.�,right,,,,,,,,,,,,,,,,, ,
<br /> ; ..... ..........................................•-..................................
<br /> 1 of Grand. Is2and......._... County of.. .Hall... .. ...........Stute of....,N�kz,aska......,hereinafter referred
<br /> i to as the Borrower, und the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> LINCOLN, 1235 "N"Street, Lincoln, Nebraskn 68501,its successors and n�.signs, hereinafter referred to
<br /> as Lender.
<br /> � WtTr�ss re: That the suid Borrower for nnd in cons�deration of the sum of...�NTY_.FOUR_THOiT,SAND
<br /> AND NO/id�i-.-.-----------------------..-.---------------.�ollars (US$24;000..00.....................)
<br /> � .................... .. ... ... ......
<br /> ` paid by said Lender,does hereUy mortgage,grnnt and convey to Lender, its successors and assigns; the
<br /> i fo]lowing described property locnted in the County of...........Hall.........................� State of Nebraska: `
<br /> The Southerly Twenty-six and Six-Tenths Feet (S 26.6') of Lot Eight (8)
<br /> and the Northerly Thirty-nine and Six-Tenths Feet (rv 39.6') of Lot Nine (9),
<br /> Block E]eren (ll), in West Park Addition to the City of Grand Island, Hall
<br /> County, Nebraska.
<br /> �
<br /> � ToceTttee with ull the improvements now or hereafter erected on the property, and all ensements,
<br /> rights, appurtenances, rents, royalties, mineral, oil nnd gas rights und profit�s, w�ater, water rights, and
<br /> wuter stock,and nll fixtures now or herenfter nttuched to the propert.y, all of which, including replace-
<br /> ments and udditions thereto,shall be deemed to be and remuin a pnrt of the property covered by this
<br /> Martgage; and all of the foregoing, together with snid property (or the leasehold estate in the event this
<br /> Mortgage is on u leasehold) are herein referred to as the "Property".
<br /> Borrower covennnts that Borrower is luwfully seised of the estate hereby conveyed and has the right
<br /> to mortgnge,grant und convey the Property, thut the Property is unencumbered, und that Borrower will
<br /> wanant nnd defend generally the title to the Property agninst all claims and demands, suUject to any
<br /> eusements nnd restrictions listed in a schedule of exceptions to coverage in any title insumnce policy in-
<br /> ° suring Lender's interest in the Property,or (2) nttorney's opinion of title from aUstract of title certified
<br /> � by bonded abstracter.
<br /> PROV[DED ALwnvs, and these presents nre executed und delivered upon the following conditions,agtee-
<br /> ments nnd oUligations of the Borrower, to-wit:
<br /> The Borrower agrees to pay to the I.ender,or order,the principal sum o(...��..FO[J�_�QUSA�`lD
<br /> ..AND_NO/100------------------------------------------Dollnrs (US S�4 000 00 )
<br /> �........................................�•-......................................................... �.......�............................
<br /> payable us provided in u note executed nnd delivered,concurrently herewith,the final pnyment of principal,
<br /> � if not sooner pnid,on the.....1st...............dny of...........D.ecemb.er.................., Y�.2006
<br /> UNIFORAI COVF,NANTS.BOiTOWC[III1V L�II(IC[COVCl7ilttt All[I 11�IL'C AS follows: �
<br /> 1. Payment of Principal and Interest. Borrower shnll promptly pay when due the principal o[nnd in-
<br /> terest on the indebtedness evidenced Uy the Note,prepayment and late chnrges as provided in the Nole, •
<br /> nnd the principal of nnd interest on any Future Advnnces secured bv this ntortgnge.
<br /> 2. Funds for Taxes and Insurance. Subject to Lender's option under p;tragraphs 4 nnd 5 herco(,Bor-
<br /> rower shnll pny to Lender on the day monthly instnllments of principal ancl interest are pnyable under the
<br /> Note,until the Note is paid in full,a sum (herein"Funds") equal to one-twelfth of the yenrly taxes and
<br /> assessment�s which muy nttnin priority over this Dlortgage, and ground rents on the Propert,y, if an,Y plus
<br /> oae-twcltth ot yearly premium instullments (or haznrd insurance, plus one-twelfth of yeurl�premium in-
<br /> stallments tor mortgnge insurnnce, if any,nll ns reasonably estimnted initially and (rom time to time Uy
<br /> Lender on the bnsis of assessments nnd bills nnd reasonnble estimntes thercof,Lender shall npply the Funds
<br /> to pay eaid taxes,assessments,insurance premiuros�nd�round rents. Lender shall make no charge for so
<br /> holding and npplying the Funds or veriFying and compiling snid nssessments and Uills. The Lender shnll
<br /> give to the Borrower,w�thout chnrge,nn nnnual nccounting of the Funds showing credits nnd debits to the
<br /> Funds and the purpose tor which each debit to the Funds wus mnde. The Funds are pledged ns additional
<br /> security for the sums secured by this Mortgage.The Borrower ngrees thnt the Funds may be held by the - �� �
<br /> Lender nnd commingled with other tunds nnd the Lender's own funds nnd the Lender mny pay such items '"• N �•', i
<br /> ' fmm its own funds and the Lender shnll not Ue linble for interest or dividends on such Funds. I �� s� ��. /
<br /> � If the amount o[the Funds held by Lender,together with the tuture monthly instnllments of Funds J ` �
<br /> . payuble prior to the due dates of taxe,s,assessments: insurance premiums and ground rents, shull exceed � '
<br /> thA nmount required to pny suid tnxes,aesessments,insurance premiums nnd ground rents as they fall due. '
<br /> such excess shall be,at Borrower's option,either promptly repnid to Borrower or credited to Borrower on
<br /> monthly installments of Funds. If the nmount of the Funds held by Lender sh�ll not be sufiicient to pay
<br /> taxes, assessments,insurance premiums and ground rents as they fnll due, Bormwer shall pny to Lender
<br /> nny umount necessary to make up the deficiency within thirty days after notice from I.ender to Borrower
<br /> requesting pnyment thereot, or Borrower ahall, by an increase in monthly instnllments of runcls required,
<br /> repny the deficiency within the Fund nccaunting period. i`
<br />� LJpon payment in tull of nll s�ms secured by this Mortgage,Lender shall npph�Funds held as n credit �
<br />� ngainst ull sums due.
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