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<br /> INDIVIDUAL
<br /> DUE ON SALE
<br /> OPTIONAL FUTURE ADVANCES
<br /> L SAVINGS FUND
<br /> � � Fo�M No.720 _
<br /> Loan Number__ 3523�______�$$_:_:__1.__
<br /> lroe er.��:�
<br /> �T�-00'7345 MO RTGAGE
<br /> THI3 MORTGAGE, made and ezecuted this .. �
<br /> _ ___. ..�.4 day of . ��-<':��rr�-�..... _ A.D.,
<br /> 19..7-�..between the Mortgagor, T�x.rY..Ii, .Car�.s.ou and .Kr�st.in� lC. C.a.r.J.anm..h.us.kand and �ife,
<br /> ...jointly..and_e_ach...in..their..owr►..ri8�.�.,.......___._...._.._... _..._._...._ .___..... ...____.._._._..__..._.._ ....._._.
<br /> of ._ Grand...I,sland. , ,,, County of ___ . ..Ha�.l...... ,Stateof ..N�bzask�3- __ ,hereinatterreferred
<br /> to ss the Borrower, and the Mortgagec, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> LINCOLN, 1235 "N" Street, Lincoln, Nebraeka 68501, its succeasors and a�sign,, hereinafter referred to
<br /> as Lender.
<br /> WITNESSETH: T}lflt the said Borrower for and in consideration of the sum of FORTY FIVE THOUSAND
<br /> __ )
<br /> AND NO/100--------------------- ---- ----- -------Doliars (US $...45,000.00
<br /> __.._.. __ __ _ . _ .. ._ . .. __._. __ _ .__ _ . .. __._
<br /> paid by a+aid Lender, does hereby mortgage, grant.and canvey to Lender, its succes.sors and as�igns; the
<br /> following described pmperty located in the County of ._ __ Hall , State of Nebra�ka:
<br /> Lot Three (3), B1ock Two (2), in Pleesant View Fourth Addition to the City of
<br /> Grand Zsland, Hall County, Nebraska.
<br /> TOCETHER Wlt�l all the improvements now or hereafter erected on the pmperty, and all easements,
<br /> rights, appurtenancer,, rents, ro,yalties, mineral, oil and gac rights and pmfits, water, water riqhts, and
<br /> water stock, and aA fixturcw now or hereafter attached to the property, all of which, including 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 e�state in the event this
<br /> Mortgage is on a leasehold) are herein referred to ac the "Property".
<br /> Borrower covenants� that Borrower i�; lawfully seiaed of the estate hereby conveyed and ha� the right
<br /> to mortgage, grant and convey the Property, that the Property ih unencumbered, and that Borrower will
<br /> warrant and defend generally the title to the Property against all claims and demand�, subjc�rt to anY
<br /> easementa and restrictiona listed in a scheciule of exceptions to covera�e in any title inhurance pulicy in-
<br /> suring Lender's interest in the Property, or (2) attorney's opinion of title from abstract of title certified
<br /> by bonded ab�stracter.
<br /> PEOVIDED ALwevti, and theae prer,entti are executed and delivered uEwn the following conditions,agree-
<br /> menta and obiigationr� of the Borrower, to-wit:
<br /> The Borrower agrees to pay to the Lender,or order, the principal sum of .FORTY ..F..I.y� TkI4US�1A !!ND
<br /> N91.�QQ- .--.-- --.-- ----------_-. _ _-----------------f)ollars (US 1� 4.S,.OQO,.QQ___ __ )
<br /> payable as provideci in a note executed and delivered,concurrenth�herewith,the final payment of principal,
<br /> if not eooner paid, on the _ ],st _ day of ___ January. _ , L�c 20D7
<br /> Ux[rn>eni CovENwrrrs. Borrower and Lender covenant and aRrre a, foilowa:
<br /> 1. Paym�at oE Priaeipal aad Intereet. Borrower chall promptly pay when due the principal of and in-
<br /> terest. on the indebtednecas evidenced by thr '.Vote, prepa��ment and late charge•ti as provided in the Note,
<br /> and the principal of and intere5t on am� Future Advance�;secured by thiti M1torigage.
<br /> 2. Fuads for Taxer aad Iasur�sce. Subject to Lender'ti option under para�raph� 4 and ,i here�f, Bor-
<br /> rower shall pay to Lender on t.he day monthl�� installmenls of princi�al Hnd intrre•nt are payable undrr the
<br /> Note, until the Note is paid in full, a sum Iherein "Fundti") eyual tn one-twelith of the ��earh� laxe� and
<br /> assesements which may attain priority over t.his 1�Iortgage, and ground rentti on the Property, if any plus
<br /> one-twelfth of yearly premium installments fur hacard insurance, plus one-twelfth of �•c•arly prerniuin in-
<br /> stallinente fur mortgage insurance, if any, all ati rea.onably esiimated initiallc and frorn time tu time hy
<br /> i.rnder on the ha�i���f ac�.csmentc and hill�and r�ns�inahle�osti:nato� thf�rrof, I.t�nd�•r�hnl� a�+��l�• th�� Funr1�
<br /> to pav�+aid tazea, asseasmenta,ineurance premiums and Qroun�l rent�:. I.rnder �hall mal:r no charKr for so
<br /> holding and applying the Funds or verifying and compiling said asr,essments and bills. The Lender shall
<br /> qive to the Borrower, without charge,an annual accountin�of the Funds�howin�creditF and debitF to the
<br /> Funde atid the puepose for which each debit to the Funds was made. The Fundr are pledged as additional
<br /> secutity for the sume eecured by this Mortgage. The F3ormwer a�reea that the F'unds may be h�ld b�� the
<br /> Lender and commingled with other funde and the Lender's own funds and the Lender may pa�� such itemn
<br /> from its own funds and the L,ender shall not be liable for interest or dividends on such Fundh. Y: '�,
<br /> . ��
<br /> � If the aafount of tiie Ftwda held by Lender,together with the future monthlY installments of Funds
<br /> payable prior to the due dates of Cazee,naeeesments, insurance premiuma and Rround renta, shall exceed °''.
<br /> the amouat requit+ed to pay eaid tues,asBe�ments,inaurance premiume and ground rents as they fall due, �"'
<br /> siicl�e=ceas sifali be,at Borro�ver's option, either promptiv rpQsid t� E3�rmwer or�rec�ited to I�rmwer on
<br /> moathly instalimente of Funds. If the amount of the Funds held by Lender shall not be sufficie•nt to pa��
<br /> tues, aeeeeaaeette, afeurance pnerruums and ground rents as they fall dne, 13orrower shall prs,y to LenAer
<br /> any aa:ount rneeessaey to make up the de5ciency within thirty days after notice from Lender to Bormwer "`
<br /> requestit� pa ytoent thereof, or Borrower ehall, by an increaee in monthl,y inatallment5 of Fund� rryuired,
<br /> rar+sy thr�iwfirirnry within thP Fvn�1 n�r�nting period
<br /> U{wn psyment in full of ait sums eec�ared by thiE Mortqaqe,I.ender shall apply FundK held a�:a crrdit
<br /> againRt all suma due. J
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