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<br /> INDIVIDUAL
<br /> DU6 ON SALE
<br /> OPTIONAL FUTURE ADVANCES
<br /> SAVINGS FUND
<br /> Foww No.720
<br /> r Loan Number___��u�__==__l99__=:__l_.
<br /> TYVe Breni'.�
<br /> 77_ ����F`�'�'.t M O R T G A G E
<br /> THIS MORTGAGE, made and executed thie . _ _ . .P2 9 day of /.<.t�'��A.D.,
<br /> 1977. ..,between the Mortgagor, . I?on.a,7.d-I.�._H�x'Xl}aaT'c3t �z�d Bertha �;laine 73ernhardt, hu>banc3
<br /> _and..wif_e,.js�in�l3r..ans3. .�a�b._in tk�e9.r...o�.r.��ht, _ _ __ _ __ __...._ _ __. .._.---
<br /> of _ .Gxarid- Is.],g.n..d. , County of H�l.l. _, State of Nebr�� ,hereinafter referred
<br /> to ae the Borrower, and the Mortgagr,e, FI}ZST FF.DERAL SAVIN(�S AND LOAN ASSOCIATION OF
<br /> LINCOLN, 1235 "N" Strc�et, Lincoln, 1Vebraska 6R501, its succes:;ors and assiRns, herei»after referred to
<br /> ae Lender.
<br /> WITNESSETH: T}78t� t}1@ said Borrower for and in consideration of t.he sum of . ._.._..._. .__. ....__.._.
<br /> TI�ELYE THOUSAND 3IX..HUND&I::D-A�TIl NII�100..�.�.......�,........,....Dol.an; (US ti1P.,bDO-.OII_.- ___ )
<br /> paid by said Lender, dces hereby mort�aqe, �rant and cunvey to Lc•nder, it:; successorn and assigns; the
<br /> followinq described property located in the County of _ Ha1,7. _ __ _ . , State of Nebraska:
<br /> Lot Seven (7), in Block Forty—fi.ve (451, in Rus�;el Wheeler's Addition
<br /> to the City of Gr:and Lslan�i, Hall County, Nebraska.
<br /> TOGETHEY wit.h aU the improvements now or hereaft.er erected on the property, and all easements,
<br /> rights, appurtenances, rent�, royalties, mineral, oil and Kas righta and profits, water, water rights, and
<br /> water stock, and all fixturer now or hereafLer attscheci to the pro�erty, a❑ of which, including replace-
<br /> ments and additiona thereto, shall be deemed to be and remain a part of the property covered by this
<br /> Mortgage; and all of the foregoing, together with said property (or thc: leasehold estate in the event this
<br /> Mottgage is on a leasehold) are herein referred to ati the "Property".
<br /> Bormwer covenanGs that Barrower is lawfully seised of thr,estate here}�y conveyc:d and haF the right
<br /> to mortgage, grant and convey the Propert,y, t.hat. the Property ia unencumbered, and that Borrower will
<br /> warrant and defend generally the title to the Property again5t all claim4 and demandti, �;ubjec•t to any
<br /> easements and reFtrictions li�ted in a cchedule ot exceptions to covera�e in any title insurance policy in-
<br /> suring Lender's interest in the Propert��,or (2) att.omey's upinion of title from ab5tract. of title certified
<br /> by bonded abatracter.
<br /> PQUV[llED ALWAYB, and thear prehc:nts are executed and delivered upon the following conditione,agree-
<br /> ments and obligation�; of the Borrower, to-wit:
<br /> The Borrower agree�;to pay to the Lender, or order, the prinripal �um of
<br /> _TGTELVE_THQllSANll-SIX 1�NALDRFD ANl�.NQ�1Q9--r----------Dollars (US �.1.�:'��OO.QO _ _ . )
<br /> payable ar provided in a note execruted and delivered, c•onrurrrnth�herewith,the final pa�•inent uf principal,
<br /> if not aooner paid, on the ]..st day of UeCeznbEr , 19 97 .
<br /> UxiE��eM ('irvt:ivnNrs. Borrower and l.ender c•ovenant: and agree>as followc:
<br /> 1. Paymont oE Yrineipal�ad Intarest. Borrower shall prompUp pay when due the Nrincipal of and in-
<br /> tere�t on the indebtedne�s evidenced b�� the Nute, prepayment and latr c•har�e�; ax provided in the Note,
<br /> and the principal of and intrrex;t on any Future Advanceti secured b�� thi� !19�>rtgage.
<br /> 2. Funds for Tazes and I:seur�ce. Subjec•t to Lr.nder'.option under paragraphti 4 and •`� hereuf. 13or-
<br /> mwer ehell pay tu i,ender on the day monthlv installmentc uf prinripal and inter��,t art�pa��ahle undcr the•
<br /> Nute, until the Note is paid in fuil,a sum (herein "Fund,") e�yual to unt•-tH•rlfth uf' the �•earl�- taxa•. .�n�i
<br /> assesements which may attain priority over thic; '1lortgage, and ground rent. on the ProFx�rty, if anp plu.�
<br /> one-twelfth of yearl,y premium installments for hazard in5urance, plu� one�-twe�lfth of ye�arh• E�remium in-
<br /> stallments tor mort�age insurance, if any, all a� reationabi�� e�timate�d initialh• :�nd fn�m tim�� to tirc�e h��
<br /> Lender on the baFis of aRseFKments and bills�nd reasonatilr e,timatrc therrof, I.c�nder,hall zaF�p1��thr F'unc1�
<br /> to E>a�� �aid taxes, assessmenty, in;uran.e Nrr�uiuin�anei gruun�l rrnt,. Lrni3er ,hall make no �•h�rKe tur�u
<br /> holdinq and applying the Funde or verifying and compiling �aid as.essnient. and f,illx. Thr Lender ,hall
<br /> give to the Borrower, wrthout charge,an annual accountinK of the Funds showing cn:ditti and debits to the
<br /> Fuads and the purpoee for which each debit to the Funds was made. The Funds are pled�ed as additional
<br /> security for the sums eecured by thia Mortgage. The Bormwrr aRrfwc that ihe Fundc may bi� held by thr �
<br /> 1,ettder and commingled with other funds and the Lender'r own tundh and the Lender may pa��such item�
<br /> from its own funds and the Leader ahall not be liable for interrai or dividend� on �urh Fund�:.
<br /> I If the amount of the Funda held by Lender, together with the future monthly installments of Funds
<br /> p�yable prior to tbe due dates of tazea, asseesments, insurance premiums atid ground rents, hhall exceed
<br /> the aincwt�t reqaired topn y said tazes, gas�ments�insurance premium�and ground rents ati t.hey fall:lue,
<br /> such e:cees e�fall be, at Borrower's oQtion,either pmmptly repaid to Borrnwer or credited to Borrower on
<br /> montlily inwtallments of Fun<ia. if the amount of the Funds held Ly Lena3er 5}iall nut Lr..ufii�i<•u� t., Na�
<br /> tazes. asaeescnenteti, insurance �remiumx and gmamd rentR as the�� fall due, Borx�o���e•r shall pa}� to Lc,nd�r
<br /> �Y ��� �esesry to make up the deficiency within thirty dayc after notice from Lender t� F3ormwer
<br /> reQuesting payment thereof, or Borrower shaA, by an increase in monthly installment5 of Funds re�yuired,
<br /> repay the deficiency within the Fund accounting period.
<br /> �!Pnn payment in full of al! suma eecured by this Mortqa�e,Ixnder shall apph• Fundc hrld a�a�rndit
<br /> agairtut all�ume�due.
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