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<br /> _ � �
<br /> �,_ �1
<br /> INDIVIDUAL
<br /> DUE ON SALE
<br /> FlR�' OPTIONAL FUTURE ADVANCES
<br /> ; �� SAVINGS FUND
<br /> f ��ivco�N FoRM No.�Zo
<br /> Loan Number__ 33907__-__�8$_-_ 1__ •
<br /> Troe er.ncn ��
<br /> ' 77- ��6773 MORTGAGE
<br /> ' THIS MORTGAGE,made and executed this...............�.9.........day o[`�I...a�L!'`.'�:G!-......A.D.,
<br /> � 19...�7,betweentheMottgagor, William.,E.,,,Dalry,mple_.and.Toni.L....Dalry,mple,.,.husband,and.,wife, �
<br /> ' jointly.,.�nd„each..in„their._own„right ,__„ ........ ...........
<br /> '. of Grand Island,.,,_.,,�County of.. ...Hall ,,,,,,,,,,,,,State of Nebraska ..__.,,�hereinu{ter re[erred �
<br /> to as the Borrower, nnd the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> LINCOLN, 1235 "N"Street,Linccln, NeUraska 68501, its successors nnd aa5igns,hereinafter refened to
<br /> as Lender.
<br /> WtTrtesssTx: That the snid Borrower for and in consideration of the sum of THIRTY..ftINE..THOUSAND
<br /> �� .9ND..flO/lOD-----------------r..-------------------.—.--Dol:ars (US$.39.,.QOO...Q�....................) !
<br /> ...........
<br /> paid by said Lender,does hereUy mortgnge,grant nnd convey to Lender, its successors and assigns; the
<br /> � following described property located in the County of............Hall.......................�Stnte of NeUmska: ; -
<br /> Lot Five (5), Ross Heights Second Subdivision, Hall County, Nebraska.
<br /> �� �
<br /> i
<br /> ToceTxea with nll the improvements now or hereafter crected on the property, and ull easements,
<br /> � rights, appurtenances, ren�s, roynities, mineral, oil und gns rights and profits, water, wuter rights, and
<br /> � water stock,and nll fixtures now or herentter attuched to the property, all of which, including repince-
<br /> ments and additions thereto,shnll be deemed to be and remuin u part of the property covered Uy this
<br /> Mortgage; and nll of the foregoing, together with snid property (or the leasehold estate in the event this
<br /> Mortgnge is on u]easehold) are herein referred to as the "Property".
<br /> Borrower covenants that Borrower is lnwEully seised of the estnte hereby conveyed and hns the right
<br /> , to mortgage,grnnt und conve,y the Property, that the Property is unencumbered,and thut Borrower will
<br /> � warrant nnd defend genernlly the title to the Property against all claims and demnnds, subject to any
<br /> easements and restrictions listed in u schedule of exceptions to coverAge in any title insurance policy in-
<br /> suring Lender's interest in the Property,or (2) nttorney's opinion of title from nUstract of title certi6ed
<br /> by bonded nUstrncter.
<br /> ' PROVIDF.0 ALWAY3�nnd these presents are executed und delivered upon the[ollowing conditions,agree- �
<br /> ments and oUligations o[ the Borrower, to-wit:
<br /> The Borrower ngrees to puy to the Lender,or order,the principnl sum oE..THIRTY..NINE..THQUSl�ID..
<br /> , ....ANR..N.O%�OA.-----.-----..----.----.-----.----------.----_--Dollnrs (US 5....39.�000.00..................)
<br /> paynble ns provided in n note executed und delivered,concurrently herewith,the finul payment of principAl,
<br /> if not sooner pnid,on the............................dny ot..................._........................., 19......... , ;_:'
<br /> Uxieoent CovexnrtTs.Borrower nnd Lender covenant nnd ngree as follo«�s:
<br /> 1. Payment of Principal and InteresL Borro«�er shall promptly pay when due the principnl of and in-
<br /> terest on the indeUtedness evidenced by the Note,prepnyment nnd late charges as provided in the Notc, �
<br /> and the principal o(nnd interest on any Future Advunces secured Uy lhis\lortgage.
<br /> 2. Funds for Taxes and Insurance. SuUject to Lender's option under pnrngraphs 4 and 5 hereof,Bor-
<br /> mwer shull pny to Lender on the dnp monthly installments of principal nnd interest are pnynUle under the
<br /> Note,until the Note is pAid in full,n sum (herein"Funds") equal to one-t���clfth of the yearly tAxes and
<br /> i ussessments which mny nttnin priority over this i�tortgage, nnd ground renfs on the Propert,y, if any plus
<br /> one-twelfth of yearly premium installments tor hnznrd in5urance, plus one-hvcl(th of yearly premium in-
<br /> stallments for mortgage insurnnce,if uny,all ns rensonably estimnted initially and trom time to lime by
<br /> Lender on the bnsis of nssessments nnd Uills and rensonnble estimntes thereof,Lender ehnll apply lhe Funds
<br /> to pny snid taxes,assessments,insurance premiums nnd ground rents. Lender shall make no charge for so
<br /> holding and applying the Funds or verifying nnd compiling snid assessments and bills. The Lendcr shnll
<br /> give to the Borrower,without charge,an annunl uccounting af the Funds showing credits and debits to the
<br /> Funds and the purpose for which each debit to the Fands wr�s mnde. The Funds are pledged as ndditionnl
<br /> , security tor the sums secured by this Alortguge.The Borrower agrees thnt the runds may be held by the �*� ' ,';.
<br /> Lender and commingled with other funds and the Lender's own funds nncl the Lender mny pny such items y n.= � � .;: j
<br /> ` from its own funds nnd the Lender shall not Ue liuble for interest or dividends on such Funds. � �
<br /> LIf the umount of the Funds held by Lender,together with the future manthly installments of Funds � r_
<br /> payable prior to the due dates of tAxes,assessments, insurance premiums and ground rents, shall exceed �
<br /> the amount required to puy snid tnxe�,ussessments,insurance premiums nnd ground rents as they fnll due, �
<br /> such excess shall Ue,at Borrower's option,either promptly repuid to Borrower or credited to Borrower on
<br /> monthly installments of Funds. If thc umount o[the Funds held by Lender shull not be su(iicicnt to pay
<br /> taxes, assessments,insurnnce premiums und ground rents ns they full due,Borrower shall pny to Lender �-
<br /> any amount neceseary to make np the deficiency within thirty duys after notice from Lender to Borrower
<br /> requesting payment khereoi,or Borxower shall, by nn increase in monthly installments of Funds reyuired,
<br /> repay the deficiency within the Fund nccounting period.
<br />� Upon payment in full o(all sums secared by this Mortgnge,Lender shnll apply runds held ns u credit �
<br />� agninst nll sum9 due.
<br />�y
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