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<br /> � �
<br /> INDIVIDUAL
<br /> DUE ON SALE
<br /> OPTIONAL FUTURE ADVANCES
<br /> SAVINGS FUND
<br /> r FD.M N�.720
<br /> � Loan Number----35_1�.2- --19-9------1__
<br /> TyDe Br�ncF
<br /> M O R T G A G E
<br /> ` 77- U0706(�
<br /> THIS MORTGAGE, made end executed this . . _. . . �_. day of .�_ _.- _..._.. . ....... A.D.,
<br /> 19.77.,between the Mortgagor, Wayne E. Itoby_ and_Barbara J. Roby, husba.h�J 3�d.wi.f.e. ___..-
<br /> _jointly and.each in their ovn right, ____.__
<br /> . . _ ..., _...... ........_. _ _ ___ __._..__..___._...____ ._.
<br /> a f Grand Island , County oi __ Hall _ ,State of Neb raska., . ., hereinafter referred
<br /> to as the Bormwer, and the Mortgagee, FIRST FEDERAL SAV INCS AND LOAN ASSOCIATION OF
<br /> LINCOLN, 1235 "N" SYreet, Lincoln, Nebraska 68501, its »uccessors and assigns, hereinafter referred to
<br /> as Lender.
<br /> W�T N��' §' Tt�: T� t th said Borcower for and in consideration af the sum of FOP.TY THOUSAND
<br /> EIGHT EiUNDF�E� A1VD �/10�------------------------------ 40.800.00
<br /> __..._ .. . .______ .._ _ ____ _ __ . ___ . ._ __. . ..
<br /> Dol:an (US � __ ___ ...)
<br /> paid by said Lender, dces hereby mortgage, Rrant and cunvey to Lender, it�z successors and arsigns; the
<br /> following described propertv located in the County of _ . ._.Ha11 ,State of Nebraska:
<br /> Lot Twelve (12), in Le Heights Third Subdivision, a part of the East
<br /> Half of the Northwest �,uarter (E; NW4) of Section 11, Township 11
<br /> North, Range 10 West of the 6th P.M., Hall County, Nebraska.
<br /> TOCETHEQ Wlt}1 all the improvemente; now or hereafter erected on the pmperty, and all easements,
<br /> righta, appurtenancei;, rents, royaltiea, mineral, oil and gas rightF and profits, water, water rights, and
<br /> water stock,and al! 6ztures now or hereafter attached to the property, all of which, including replace-
<br /> menta and additions thereto,ahall be deemed to be and remain a part of the pmperty 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 referred to as the "Property".
<br /> Borrower covenantx that Borrower is lawfully seised of the esta6e hereb�� conveyed and has the right
<br /> to mortgage,grant and convey the Property, that the Property i�; unencumbered, and that Bocrower will
<br /> w�arrant and defend generally the title to the Pmperty againet all claims and demands, subject to any
<br /> easemente and restrictions lieted in a,chedule of exceptions to coverage in any title inrurance policy in-
<br /> surinq Lender's interest in the Pro�erty,or (?) attorney's opinion of title from abetract of title certified
<br /> by bonded abstracter.
<br /> PQOVIDED ALWAYB, and these preaente are execvted and drlivered upon the following conditions,agree- � �
<br /> ments and obligations of the Borruwer, to-wit:
<br /> The Borrowe agt�ees to pay to the Lender, or ordet, the principal sum of FORTY THOUSAND EIGHT
<br /> _.
<br /> HUNDRED AND NO lOU------- ---------- ---- -------- DollarslU� $. 40�800.00. _.. _. .)
<br /> _ --- __.. _...... __- . ._. - -.._ . _ _ ...._. ___ __.
<br /> payable as provided in a note executed and delivered,concvrrently herewith, the final payment of principal,
<br /> if not sooner paid,on the. __ _ 1st -.. day of .._.. �ecember . LAc.2Q06
<br /> UNIP'(7RM COVENANT[d. BOffUWei and I.ender covenant and agree as follows:
<br /> 1. Pay�nt of Principal�d Intersst. Borrower shall promptly pa,y when due the principal of and in-
<br /> terest on the indebtedneas evidenced b,y the Note, prepayment and late charges as provided in the Note,
<br /> and the pnncipal of end interest on any Future Advancrs secured by this Mortgage.
<br /> 2. Funds for Saxer�d Ieauraace. Subject to Lender'S option under paragraphs 4 and .i hereof, Bor-
<br /> rower shall pay W Lender on the day monthly installmentc of principal and interest are payahle under the
<br /> Note, until the Note iK paid in full, a sum (herein "Fund�;") equal to one-twelfth of the ��early taxes and
<br /> aseessmente which ma,y attain priority over this Mortgage, and ground rent4 c�n the Propert��, if any plus
<br /> one-twelfth of yearly premium inetallmentF for hazard insurance, plus one-twelfth of yearly� premium in-
<br /> stallments for mortgage ineurance, if an,y, all a�c reasonabh� estimated initially and from time to time by
<br /> Len�irr un ihe bae3�s uf as�ments and bills and reasonable estimates thereof, Lender�;hall apply the h'unds
<br /> to pay said tazes, acsessmenLs,insuran��e prrmiums and Rround rente. Lender shall make no charge for so
<br /> l�oldieg and applying the Funde or verifying and compiling tiaid ar,sessments and bills. The Lender shall
<br /> g�ve to the Borrower,without charge,an annual accwunting of the Funda ahowing ctedits and debitF to the
<br /> I+�dr and tl�e purpone for wteich�c4�debit to the Funds was made_ The Funds are pted�ed as additional
<br /> eecneity for the eums eecured by this Mortgage. The Borrower aqtees that the Funds may be held hp the ,;
<br /> [.eeder and oomnuaaled with other fun�and the Lender's own funds and the Lender may pay Ruch items ,;�-' •.;;w
<br /> itonf ita ows� fuads and the Lender shall not be liable for interec�t or dividende on �:uch Fund�;. E; "
<br /> lIt tl�e amount ot the Fueide held by Lender,together with the future monthly inetallment�s of Funds ;r��
<br /> , PaYabse pe�oe to tbe due dstes of tasss, aaee�ments, inaurance premiums and ground rente, tihall exceed
<br /> tl+e a�neunt �
<br /> �+►i�e�t te+PaY eaid ta=ee,aeeeas�aenta,inaurance pr�niums and ground rent.�as they fall due,
<br /> sucli ezceas sl�atl be,at Borruwrt'c aWtae�n,eitlwr�umYt.ly rep���w Borrower or credited to Bormwer on
<br /> Te+nN+ay im�teNmente of Funds. If tt3e amounL of the Funds l�eld by Len�rr atu.11 n�t !�e.u(Tia ie�iL lu E,ay
<br /> ti�.��t+,� ��pnemi�mts and ground reata as they fall due, Borrower Rhal! pay to L.ender n»
<br /> �Y up t�a deficaency within thirty days after notice from Lender to Borrower
<br /> repue�e�pa ymeet thee�eof, o� Borrower aha11, by an incre�ase in m�onthly insLallmenG,of Funds required,
<br /> r.�►ry liir dv&civaa:y witi�in the F�tnd accountusg peripd_
<br /> Upw� payment itt tull o[elt sume eecured by thie Mortgage,I,ender shall apply Fund�hrld a.a credit �
<br /> againet�11 eumi due.
<br /> r.- .
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