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<br /> INDIVIDUAL �
<br /> DUE ON SAL6
<br /> OPTIONAL FUTURE ADVANCES
<br /> SAVINGS �1JND
<br /> � FORM N0.72O
<br /> Loan Number___ 35146_-__�$______�__
<br /> TYDe 8�����h
<br /> i7- 007083 MORTGAG E
<br /> C1�
<br /> THIS MORTGAGE, made and executed this � _ day of ,CX�,�'2-���^�._ . A.D.,
<br /> 19_.7?_,between the Mortgagor, E,. DR�. wq�fe_�nd Judt�h A, Wo1fe, husk.a�d...a.nd.w,i-f.e.-.j.aintly
<br /> and_each..in, their own.righ.t.,. ....... .. .. ..____._ _. _._ _.._-______ _ _-_.__ ._.___..__....
<br /> of .....Grand_Island. ..., County of _ H.all___ _,State of NebFa$ka ,hereinafter referred
<br /> to ae the Borrower, and the Mortgagee, FIRST FEVERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its r:uccessc,rs and a:csigns, hereinafter referred to
<br /> as Lender.
<br /> W�'rrrEsserx: That the said Borrower for and in consideration of the sum of FORTY THREE_THOUSAND
<br /> TWO HUNDRED AND NO/100--- --------------------------l7oL'ars (US$ 43�200.00. _ -----)
<br /> ...... .. ._.._ _.____. ._ ..___. _ _ _
<br /> paid by said Lender, does hereby mortgage, grant and convey to Lender, its surcesaorF and assigns; the
<br /> following desctibed property located in the County of _ . Hall „ St.ate of Nebraska:
<br /> Lot Two (2), Block Two (?_), in Continental Gardens, an Addition
<br /> to the City of Grand Island, Hall County, NPbraska.
<br /> TOCETHE6 with all the improvementh now or hereaft�r erec-ted on the pmperty, and all easements,
<br /> right�r, appurtenances, tents, royalties, mineral, oil and gas righte and pmfits, water, water rights, and
<br /> w�ater stock,and all fixtureR now or hereaftsr attached to the property, all of which, including replace-
<br /> menta and additiona thereto,ehall be dcemed to be and retnain a part of the property covered by this
<br /> Mortgage; and all of the foregoing, together with said ptoperty (or the leasehold estate in the event this
<br /> Mortgage is on a leae�ehold) are herein referrnd to as the "Pmperty".
<br /> Bortower covenantr that Somower ie lawfully aeie�ed of the estate hereliv conveyed and hae the right
<br /> to mortgage, grant and convey the Pmpertv, that the Property ia unencumbered, and that Borrower will
<br /> wartant and defend generall,y the tStle to the Property against all claims and demands, subject to any
<br /> ees+ementa and restrictions listed in a schedule o[exceptions to coverage in any title insurance policy in-
<br /> suring Lender's interest in the Property,or (2) attorney'w opinion of tiUe from abstract of title certified
<br /> by bonded abatracter.
<br /> P80ViUED ALWAY6, and these presenta are execut.ed and delivered upon the following conditions,agree-
<br /> ments and obligations of the Borrower, to-wit:
<br /> The Borrower agrees to pay to the I.ender,or order, the principal Fum of FQ.R'Z'Y. T.HR�� THQIJSAND..TWO
<br /> HUA1.A�.0 AND.NO_100- ----- ----- --- ------------- i 43 200.00. )
<br /> �. ... _ _. . __._. _...... ..._.__ __ . _. -f�llars (i S� _ :. .... .. _ ..
<br /> payable as providc�d in a note execvted and delivered,concurrentl��herewith,th�final payment of principal,
<br /> if not sooner paid, on the _ lst_ day of D.ecemb.es_ _ , ]Stc..��A�
<br /> UxiFOQrt Covex�xrs. Horrower and Lender covenant and agree as follows:
<br /> 1. Payen�nt of Priaeipe!and Iat�res� Borrower shall promptl,y pay when due the principal of and in-
<br /> terest on the indebtedness evidenced by the Note, prepaymrnt and late charges as provided in the Note,
<br /> and the principal of and interest on any Future Advances secured by this 1'(ortgage.
<br /> 2 Funds tor?axes�d Ituuranc�. Subject to Lender':; option under para�raphe 4 and :�hereof, Bor-
<br /> t+ower shall pay to Lendet on the day monthlv installmr,nts of principal and interest are payable under khe
<br /> Note, until the Note ie paid in full, a sum (herein "Fundb") eyual to onr-twelfth uf t.he }•early taxes and .
<br /> assessments which may attain priority over this MorlgaRe, and Rround rent�: on the I'roperty, if acn• pluF
<br /> atfe-twelfth of yearty premium inatallments for hazard insurance, plus one-twelfth of yearly premium in-
<br /> stallmentc for mortgege inRurance, ff any, sll as rea.onably estimatc�d initislh and fmm ticn�r tu time b�
<br /> I.ender on the baeis of aesesaments and bi1tR and reasonahte PRtimateh thereof, T.rnder�hall apply thP Fun�+:
<br /> �WY �d tazes, aesessments, ineurance ptemiums and ge+ound rents. Lender Fhall make no charge for�;o
<br /> holding at�d appiying the �ncis or verifying and compiling c�aid assexement� and bill�. The Lender �hall
<br /> �v�tv the Borrowrer,withouk charge an annual secounting of the Funds showing credite and debits to the
<br /> Ptinds and the puspoee for�vhich eaeh debit to the Fuada was made. The Fuadr are pledged as additional ,�
<br /> eacurity for the sucna eecured by thie Mortgage. The Bore�ower agrees that the Funds maY t� held b,y the
<br /> Lender and cotmunaled with otber fuods and the Lender's own funde and the I.ender may pay�uch iteme
<br /> fro�'r►ite own+furde and the Ilender eha!! not be liabie for interest or dividends on such Funde. •
<br /> � I�tl�e aenamt oE tl�e Ptimb beid by Isnder,toget6et �vith the future monthly inetallments of Funds
<br /> P�Y�e Prior W tie due dates of 6�ss, �eaee�stente. iaeurance pmnivate and ground renta, shall exceed �'
<br /> t�e aesomt�wquiwed to Qay atid ta�es, airer�entw,i�unn�w prerne�amR�nr) gmurxj ewntF aR tlwy frit�ee,
<br /> encl�eseese ehali be.at 8ottowes's aq»tion.eit,her pzomptiv r�prid to Ac�ri+c�wer or cre�ited to &�rn�wer un
<br /> monti�iy �eWallme.+ota of Ftieds. !f ti+e ase�omt of tlte Fueds I�eld by Le.nder shsll nat be�ufficient to pa��
<br /> �eo. u�e�m�a�ueaeoe P�emi�ms and �teued eents as they fall due. Borrower ehall pay to Lender '.
<br /> aqY aa�ount neoer�rry to mal�e�ti�e deBctieecy witt�ia tlfi�ty days after noLice from Lender to Borrower
<br /> requx�tins�y�rx�+f tl+e�rref, �r Aarro�vrr stus!!, by an incret�sc in month2y instailmcnYs of I'unds rcyuirui.
<br /> c sc
<br /> r�ay t1�e ev.viHfie the Fuud aocounrin� period.
<br /> LJpon paya�eet in full of ell sume eeeured by this Mortgage,Lender shall a�lv Fund�;held a�a�•rrdit �
<br /> aqainat all sums de�e.
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