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<br /> INDIVIDUAL
<br /> DU� ON SALE
<br /> OPTIONAL FLITURE ADVANCFS
<br /> SAVINGS FUND
<br /> � FORw N0.720 ' ---
<br /> Loan Number---35238 __ 188 - -B1^_^
<br /> 77 00725� MORTGAGE
<br /> THI9 MORTGAGE,made and executed this ._. . .. ___....___/.S day of.���a—m.�-......... A.D.,
<br /> 19.7.�'.....,between the Mortgagor, .....Hatvey.K....Beynet..aad.LaJean. Regner. .h�ushand..and..rrife,_.and
<br /> .�l�.�ak�tkt__Heuean,.._a..slmgle..Derann...3A.intly..and..s,�ve rally_and..each..in..thei=..ova..rig�t,
<br /> of _GXAA.d..I�.].dn�i........ _..,County of .._... __..Hall.... .._.._.,State of Plebsaska.... ,hereinafter referred
<br /> to ae the Borroweq and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its euccessors and a�ignc�, hereinafter referred to
<br /> as Lender.
<br /> WtT�t�s ETtt: That the said Borrower for and in consideration of the sum of ..�+'ENTY FOUR THOUSAND
<br /> AND NO/100--------- ----- ---- ----- ---- -------Dol:ars (US$. ..24�000 00. . _ ... _..)
<br /> -._.. __ _._ _ __-- _. .. .
<br /> paid by said Lender, does hereby mortgage, grant and convey to Lender, its succee�sors and assiqns; the
<br /> foilowing described property located in the County of ..-..._ . .... Hall , State of NebraAka:
<br /> Lot Nine (9), Block Sixteen (16), in Ashton Plece, an Addition to the City
<br /> of Grand Islend, Hall County, Nebraska.
<br /> TOGETHEB Wlt}i all the impmvementa now or hereafter erected on the pmperty, and all eaxements,
<br /> rights, appurtenances, rents, royalties, mineral, oil and gar, rights and profits, water, water rights, and
<br /> water etock, and all fiztures now or hereafter attached to the property, all of which, including replace-
<br /> mente and additions thereto, shall be deemed to be and remain a part of the property covered by this
<br /> Mortgage; and all of the foreqoing, together with said property (or the leasehold estate in the event this
<br /> Mortgage is on a leasehold) are herein refened to as the "Property".
<br /> Borrower covenant�that Borrower is lawfully aeised of the estate hereby conveyed and has the right
<br /> to mortgage, grsnt and convey the Property, that the Pmperty i� unencumbered, and that Borrower will
<br /> wiarraitt and defend generally the title to the Property againet all claims and demand�, subject to any
<br /> easements and restrictiona listed in a schedule of exceptions to coverage in any title insurance policy in-
<br /> suring Lender's interest in the Property, or (2) attorney's opinion of title from abatract of title certified
<br /> by bonded abstracter.
<br /> PSOVIDED ALWAYS, and these presents are executed and delivered upon the following conditions,agree-
<br /> ment�and obligatione of the Borrower, to-wit:
<br /> The Borrower agrees to pay to the Lender,or order, the prinripal sum of Tw1;NTY FOUR THOU$y�p
<br /> AND.NO/100----------------------- -----------------'�>llars (US $ __. . )
<br /> . .. . _.. .. ` 24_x000,00...
<br /> payable sa provided in a note executed and delivered, concurmntly herewith,the final payment of principal,
<br /> if not sooner paid, on the...._lst.._. __._ dav of _ _. J�n.uaTy _ , �[8 24Q7
<br /> UNiFOYM C()VENANl`3. BOI'1'OWe! fltlC� LERCIei COVE'f18ttC 8fld agree as follow�:
<br /> 1. Paym�nt o!Priaeipal amd Iat�rest. Borrower shal! promptly pay when due the principal of and in-
<br /> terest on the indebtedneas evidenced by the Note, prepayment and late chargec; as provided in the NoLe,
<br /> and the principal of and interest on any Futnre Advances secured bp this Mortgage.
<br /> 2. Funds for iaxes mtd Insur�sce. Subject to I.ender'�: option under paraRraphh 4 and 5 hereof, Bor-
<br /> rower ehall pay to Lender on the day monthly installments of princi��al and intereHt.are paYable under the
<br /> Note, until the Note is paid in full, a eum (herein "Fund�") rqual to one-twrlfth of thr yearly taxe� and
<br /> aeeessments which may attain priority over this Mortgage, and �round rents on the Property, if any Nlu�
<br /> one-twelhh of yearly premium installmentK for hazard inxuranc•e, plus one-twelfth nf yearly premium in-
<br /> stallmenta for mortgage ittaurance, if an�, all as reasonably estimated initiallv and fn�m timr to time b,v
<br /> Leader on the basis of assessments and bill�an�l roueunaLtr eatin�a6e�thrreut, Letxler�twll xE��ly tt�r F'undti
<br /> to pty eaid tazec,aeeeaRment�,inaurance premiums and ground rents. Lender shxll make no charge for�;o
<br /> twldiag and apQlyuig the Funds or verifying and compiling eaid asse�ments and bills. The Lender shall
<br /> give to the Borrower, w�thout charge,an annual accounting of the Funds Hhowing credits and debits to the
<br /> I�'ands and the puipoae for which erch debit to the Funda wes madr. The FuadR are pia�dged ae additicmal
<br /> aecurity for the oums secured by tlais Mortgage.The Borrower agrees that the Funde msy k�e held b,y the ;l
<br /> I�atder attd cornmingle>d wiLh other funds and the i.ender's own funds and the Lender mey�y�uch item� �� :�
<br /> fmmi its own funde snd t}►e Lender afiall not be liable for iatereiat or dividends on such Funde.
<br /> If the�nt of the Fuads l�e1d 6 Leeder, , "4'�'
<br /> Y together wsth t,l�e future montlily installments ot Funds
<br /> p�y�le p�ior b�t�he aue d�tes of t�ses, aseeewnetits, ineurance premiume and ground rents, ahali exoeed
<br /> � e
<br /> �Y�d��,�ea�enents, inaunnce premiums and grouad rentr.ae they fall dae,
<br /> suct► esos�et d�ial�at t�eero�ver'e either prom !y d to Borroa�er or crediied t.o Burruwrr un
<br /> ��Y �ts oi Funde. If t�.ain�wwt of the+��nc��ek�hy I,endrr ?hall n<�t he�utficic�nt to pa��
<br /> ��n��. ��P���d �rouod e�eeta a tl�ey faU dve. Borrower �d►all pay to Lender ».
<br /> �Y �P aenc)'witl�ia thirtY daye after notiae from Lender to Borruwer
<br /> �1�spa 3'�nt �E+oe' Bor�aw�er shalt. bY m iacs'�se in awnthly inatallments of FundF t�quired,
<br /> *eg+eY the defioenc}�within the Fund accouutu� prriawl.
<br /> Upon ptyment in fu11 of a!1 eume secured bY this Mortgage,I�der shall appl�• Funde held ae a credit �
<br /> a�ainet all suma due.
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