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<br /> � �
<br /> tIVDIVIDUAL
<br /> DUE ON 8AL�
<br /> 'Fl� OPTIONAL RUTURE ADVANCES
<br /> � SAVINGS FUN�
<br /> � Fow� No.720 ---- --�.--- --- .
<br /> �W Loan Number__35003 —188_ — 1
<br /> TYD! BianCh
<br /> 77_ UU7028 MORTGAGE
<br /> THIB MORTGAGE, made and ezecuted this _ .--_ ___ S.� day of .�Q���?�'�r__... A.D.,
<br /> 19..77. ...,between the Mortgagor, ..R�y►ooz�d -P.. Natt�.ty .and ,Ard�n�e.X_.. Nabi.ty,-.h.us�and.and..�ife,
<br /> __j o,#nt ly__and_each._in..t�►e.i r..oum_.righ t,..._... .
<br /> __._._... .._..__ __. _.._.. . ._._........__. _ .........
<br /> af_.__Grand..Isl_and.___,.__ County of _Hall _ __,State of. Neb;a�ka. ,hereinafter refeaed
<br /> to as the Borrower, a�d the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its eucceu;ors and ar,signs, hereinafter referred to
<br /> se Lender.
<br /> WITNESSETH: TI]fft t}lE said Borrower for and in consideration of the sum of _.TWENTY SEVEN THOUSAND
<br /> __ .
<br /> SZX HUNDRED FIFTSC AND NO/100----------------------- + 27 650 00
<br /> _..._._. __ _ . _... . ..._ ___ _. . _ _ _
<br /> ---.�oLars (US$ r . _._. ._ _...__...)
<br /> paid by eaid Lender, doee hereb,y mortgage, grant and convev to Lender, its successorc; and assigns; the
<br /> following described property located in the County of _Ha1T , State of NebraFka:
<br /> I,ot Ten (b), in Block One (1), in Scr�rff':> Addition to West Lawn in the
<br /> City of Grand Ssland, Ha11 County, Nebr3ska.
<br /> TOGETHEQ W1tI1 all the improvements now or hereafter erected on the property, and all easementb,
<br /> rights, appurtenances, rente, royaltiex, miaeral, oil and gas rights and profits, water, water righte, and
<br /> water etock, and all fixtures now or hereafter attached to the property, aIl of which, inciuding replace-
<br /> ments and additions 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 the leasehold estate in the event this
<br /> Mortgage ia on a leasehold) are herein refermd to as the `Property".
<br /> Borrower covenante that Borrower is lawfully seised of the estate hereby conveyed and has the right
<br /> to mortgage, grant and convey the Property, that the Property ie unencumbered, and that Borrower wil!
<br /> warrant and defend generallv the title to the Property againat all claims and demands, subject to an,y
<br /> eesements and raestrictions listrd in a schedule oi exceptiona to coverage in any title insurance policy in-
<br /> auring Lender's interest in the Property, or (2) attorney'e; opinion af title from abetract of title certified
<br /> by bonded abstracter.
<br /> P�V[DED ALWAYS� and these pre�ente are executed and delivered u�n khe following conditions,agree- �
<br /> ments attd obligations of the Aormwer, to•wit:
<br /> The Borrower agrees to pay to the I.ender,or order, the principal Rum of . '�ENTY_ SEVEN TL�Q�J$�j►�ID
<br /> SI% HUNDRED.FI.FfY_ AND NO/100_---. ---------- --------�llars (L?S � 27,650..00_ )
<br /> _. _ _ __. _. __.
<br /> payable as provided in a note execvted and delivered,concurrently herewith,the final payment of principal,
<br /> if not eooner paid,on the . �'.i.2'st day of _.DecembEs . 2�2�Q2
<br /> Ux[��n[ Covcta�x�. Born�wer and Lender covenant and agree as follows:
<br /> 1. Payn�nt o!Priueipal�d Inbrest $orrower shall promptly pav when due the principal of and in-
<br /> terest on the indebtedness evidenced by the Note, prepayment and late charge� as provided in the Note,
<br /> and the principal of and intereut on any Future Advances secured by this Mortgage.
<br /> 2 Funds for Taxea and Iesur�cs. Subject to Lender's option under para�raphs 4 and 5 herc�f, Bor-
<br /> mwer shall pay to Lender on the day monthly installment�;of principal and intere�t are payable undrr the
<br /> Note, until the Note is paid in full,a eum (herein "Funds"1 eyual to one-twFlfth of the yearl�• taxe� and
<br /> aseiessments which may attain priority over this Mortgage, and ground rents on the Property, if any plus
<br /> one-tweifth of yearl,y premium inrtallmentR for hazard inEurance, plue une-twrlfth of yearly premium in-
<br /> stallmente for mortgage inRurance, if anv, all ae reasonably rctimated initiallti� and from time to time by
<br /> Iender on the baAis of aeeeesmetsts end bill�and reesonable eHt.imatec thereof, Lender uhall applv the Funds
<br /> tu Nry e�aid taxea, aueessments, anxurance premiums and ground rents. Lender rhall make no charge for so
<br /> holdieig and appiying thc� Funds or verifying sad comNiling wid ae�asment.K and billh. The Lender shall
<br /> give to the Borrower, without charge, an annual eccountinq of the FundR Fhowing ct�ita and debite to t.he
<br /> Fuads and the purpose for which e.ach debit to the Funde was made. The F'unc� are �lwiged as addi�ional
<br /> aecurity for the ewme eecured by this Mortgage_ The Borrower agrees that the Fund� maY be held by the `
<br /> I.eoderr and oommingled with ot6er funde and tlae Lender'e own funde and the Lender may pay such itema ,�
<br /> ft�om ite own fuads and the Lender ei�aU not be liable for interest or dividend5 on such Funds. �.
<br /> ( If tite amouat af tl�e Funb heid by I�nder,toeether with t�e future monthly installments of Funds
<br /> �� P�Y�e P�' to tbe due d�etes of tasea,aerara�ents, ine�a�ance premiums and ground rents, �;hall e:ceed �+��
<br /> tbe amoust reQuit+ed to�a y eaid tazer,a�rearetients,ineutaerce preeniume ao�d ground rents as they fall due. 3"".
<br /> �uch e:veee d�l! be, et Botrwres's�on,eiLber pro�y re�'d to Borrower or credited to Bormwer on
<br /> monthly iastalknentr of Fund.. il t!� utuw�nt ut 4i►u unds Ly Irader e�sll not be�utiic�rnt w pay
<br /> taaee, neee�eats, iasurattce gremiums aad yrouud renti ac they fa11 dur, Ik,rru►�er �l,xil Nay t,u 1.tv�Jer
<br /> �y����e�e�wi'Y ��ke dP 1�e de6�eety wtt6in thiety days after notice from Lender to Borrower �`
<br /> 1's9��i Y�t t3u�'euE, ue Bairow�er eM�l, by an ince�e��e in monthly inetalimentr+of FundF reyuired,
<br /> �'�P+Y ���Y within tfie Fuad acoounLieB period•
<br /> Upon paytnent in tull of atl wmr reivtred by this Mortgage, Lender�hall appi��Fund�s held e�a �•rrdit �
<br /> aaainet all xuer�e due.
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