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� �
<br /> INDIVIDUAL
<br /> DUE ON SALE
<br /> �� OPTIONAL FUTURE ADVANCES
<br /> �� SAVINGS FUND
<br /> � FORM No.720
<br /> Loan Number____�5�.95_=__ 1�$_____1__
<br /> TVVe Br�ni�
<br /> 77- 007282 M O R T G A G E
<br /> THI3 MORTGAGE, made and executed thia _ _ . __ _ .��o da,y of K��<•4-►'r�-�-t�....__ A.D.,
<br /> 19..7��I.,between the Mortgagor,- _ Timothy_M. ..Ru&C. a�d H�di�� �„_Rus.t, husba.nd,_a}nd wi..fe., _
<br /> ---.--. ._.__.jo.inily..aad_.esoh_in. .tliei.r..wm...r.�ght___
<br /> - - _ _._
<br /> of ._...�=and..Island..__., County of Hs.l.l, _____. _._, Stateof Nebraska. ,hereinafter referred
<br /> to as the Burrower, and the Mortgagce. FIRST FEDERAL SAVINGS ANU LOAN ASSOCIATION OF
<br /> LINCOLN, 1235 "N" Street, Lincoln, Nebraeka 68501, its surceacor� and assign�;, hereinafter referred to
<br /> as Lender.
<br /> WITNES6ETH: TI19Y t}1e said Borrower far and in consideration of t.he sum of . THIRIY.-F.QUS.THOUSAND
<br /> _.SIX-HUNAREA. F.xF�X. .ANA_N9/100-------------------.--_--Dol:are (US� 34,650.00 . _ _ _ )
<br /> paid by said Lender, does hereby mortgage, �rant and convey to Lender, ita succesi;on and aseigns; the
<br /> following desczibed propertY located in the Countv of ___ �11 _ _ , State of Nebraska: Part of the
<br /> Northwest Quarter of Section ?_, Township 11 North, Range 10 West of the 6th Y.M., More particularly
<br /> described as follows: Cotranencing at a poi.nt 1012.5 feet West of the Northeast corner of said North-
<br /> east Quarter of said Section 2, running thence South parallel with the East line oY said Quarter
<br /> section for a distance of 306 feet, running thence West parallel with the North line of said
<br /> Quarter section, for a distance oP 142.5 feet, running thence North, parallel with the East line of
<br /> said Quarter Section, for a distance of 306 feet, to the North boundary line o£ said Quarter section
<br /> running thence East along and upon the North boundary line of said Quarter Section, for a distance
<br /> of 142.5 feet to the place of beginnir�, subject, however, to one-half of the County Road to the
<br /> North of said premises,now known as Lot 6, Ed Ross Subdivision No. 2, Hall County, Nebraska.
<br /> TOCETHEQ Wlt}1 all the improvements now or hereafter erected on the pmperty, and all ea�ement.s,
<br /> rightr;, appurtenancera, rentr,, royalties, mineral, oil and gas rightq and pmfits, water, water rights, and
<br /> water etock,and all fixtures now or hereafter attacheci to the propert,y, all of which, including replace-
<br /> ments and additiona thereto, shall be dc+emed to be and remain a part of the pmperty covered by thie
<br /> Mortgage; and all of the foregoing, together with said propert;v (or the leasehold estate in t.he event thiE
<br /> Mortgage is on a leasehold) are herein refermd to as the "Property".
<br /> Borrower covenants that Bormwer ie lawfully Feised of the esLate hereby conveyed and ha�; the right
<br /> to mortgage,grant and convey� the Property, that the Propert,y is unencumbered, and that f3orruwer will
<br /> warrant and defend generally' the title to the Property against all claim�; and demand�+, subject to any
<br /> easements and restrictiuns lietrd in a schedule of exceptions to coveragr in any title insurance Ewliry in-
<br /> suring Lender's interest in the Proprrty, or (2) attorneY's opinion of title from abtitract of title certified
<br /> by bonded abetracter.
<br /> PYOVIDED ALWAY4, and there pre�+enta are executed and delivered u{�n the following conditions,agree-
<br /> ments and obligatione of the Borrower, tu-wit:
<br /> The Borrower agrees to pav to the L.ender, or order, thr principal�um of TtII8.1Y F011R TliOUSADID
<br /> $.IX_#iiJNDRED._FIF1Y AND NO/100------------------ --Z)ollare (t'S�34.,6.SS?.9Q _ )
<br /> _ . .. ...._... ._ _ _ __.
<br /> payable as pmvided in a note executed and delivrred, concurrenil��herrwith, thr final pa��ment of principal,
<br /> if not Foonerpaid> on the ._lst day nf Jsnua�y , � 2007
<br /> UNI!%nHM �(�VENANTA. BOC70We[811(� L['11CI(:C COVt�118711 and a�rre a� f�dl�.rw�:
<br /> I. Payment oE Principal �d Intereat. Born�wer shall prompth� pay when due the principal of and in-
<br /> terest on the indebtedness evidenc•ed by the Note, prepa�•mrnt and latf� �hargeh a� {�rovided in thF '.�'ot��,
<br /> and t.he principal of and interest on any Future Advance� ,ec•ured b�• thi�; 4lortqa�e.
<br /> 2. Fuade for iwces�d Insurance. Subject to Lender',option undrr paraKraph�:4 and •� hen��f, Bur-
<br /> rower Hhetl pay tx� I.rn�ler on the day munthly installments of prin�•ipal and intrrrst are E�a��able under the
<br /> Note, until the Note ie paid in full,a sum (herein "FundS") cyual tu onc•-twrlfth uf the yearl}� Laxe� and
<br /> asse�mentF which may attain priority over this'�1ortKaKe, and �mund rentc �>n the Yroprrty, if any plu�
<br /> one-twelfth of yearly premium installments for hazard in,;urance, plus une-twelfth of }•rarly premium in-
<br /> atallments for mortgage in�;urance, if any, all as reasonably r�,timated initiall� and from timc• to timr b��
<br /> I.ender on the hasie of assessmE•nt�snd hi21�and reason:�blc i:�tic::aics thc�r�v�f, L��ncl�•r.,hsll ap,�l� thi� Fun�!=
<br /> to pay said taxea, aNc3eRementR, inRurance premiumE and �mund rent�. I.rnder �hall makr no i•hargN fcir�n
<br /> holding and applying the Funde or verifying and compiling H:aid ahsensments and billti. The Lendrr 5ha11
<br /> qive to the Borrower, without charqe, an armual acrounting of the Fundc showin�creditc and dehit�to the
<br /> E�'unds and the purpoee for which each debit to the Funds was made. The FundF arP pledged a� additional
<br /> aecurity for the sutns secured b,y this Mortgage. The I3orrower agn,ra that the F'und�;may tx> held hy thr t
<br /> Lender and commingled with other funda and the Lender's own funda and the Lrnder ma��E�ay such items
<br /> fTom its ow�n funde and the Lender Rhall not be liable for interest or dividend� on tiuch Fund�;. �
<br /> � If the amount of the Funde heid by Lender,toget.her with the future monthly itttitallments of Funds y.x.
<br /> payabie peior to tlfe due datee of tases, aseeesmests, insurance premiums and Qround rents, �hall ex<�eeci �`�
<br /> tlae aniou�t required topa y said tazes,aseeesments, ineurance ptemiumr�and�und mnts ae they fall aue,
<br /> such exceee ehall be, at Borromer'a oQtinn, rither pnnmr tiv ew�f+si�i tn R�rrmvPr.ir r��tv� tn Rnrrv�wPr nn
<br /> monthly installments of Funds. If Lhe amount of the FundF held bv Lender�hall nut he�..uHi��ia�N tu �,a�
<br /> taxes, aseeesmente, ►c�eurance premiume and eround rents na they fall due, Borrower ,hall pa,y to Lendrr „
<br /> any atnouat neceesary to inake up the deficiency vvithin thirty days after noticr from Lender tc� Born>wer
<br /> requesting payment thereof, or Borrower shall, by an increaee in monthly inetallr►�ntF of Fund�re�yuired.
<br /> rwpey thr eirfirirn�y�vithin the Fund accounting period.
<br /> Llpon paycaent in ful! of ap aums eecuted by this Mortga�e.Lender chall apph� Fundc hrld e.a �•mdit �
<br /> aqain�st all eume dur.
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