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<br /> INDIVIDUAL '
<br /> DUE ON SALE
<br /> I� OPTIONAL FUTURE ADVANCES
<br /> SAVINGS FUND
<br /> r ��� FORM N0.720
<br /> loan Number____35231 — 188 --- 1
<br /> �vPe-----Branr.n
<br /> 77-007346 M O R T G A G E
<br /> THI3 MORTGAC,E, made and executed this __ l�th_ day of . December _ _ A.D.,
<br /> 19.._77..,between the Mortgagor, ... .R�.ley. K�nt,.T.rew a a.ingl.e..per.son, and PamQla J�an �xp,�y��
<br /> .a„si�g�e,__person,,,.jointly and.,severally and_each_.in ,thgir own.rigt�t.,... .,,_.__ __._..__
<br /> of ._Grand. Island.. _„_ ., County of _ . Hall_, _ _.,State of. Nebraska._ ,hereinafter referred
<br /> to as the Bormwer, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> LINCOLN, 1235 "N" Street, Linrroln, Nebraska 6A501, its succesaors and assigns, hereinafter referred t,o
<br /> as Lender.
<br /> WITNES3ETH: T}78t tI1B said Borrower for and in consideration of the sum of . THIRTY THOUSAND
<br /> FOUR..HIJNDRED.AND..NO/30..0.--------.---------------------Dol;an; (L7S$ 30�400.QQ )
<br /> paid by said Lender, does hereby mortga�e, Krant and conve,y to Lender, its succes�n and assignE; the
<br /> following described pmperty located in the County of . ._Hall _ ,.__ _,____. , Stxte of Nebraska:
<br /> A tract of ground abutting on Lot Fifteen (15) in Block �aenty (20), Scarff's Addition
<br /> to Westlawn, an addition to the City of Grand Zsland, Nebraska, described as follows:
<br /> Beginning at the southwest corner of Lot Fifteen (15), Block 7brenty (20), Scarff's
<br /> Addition to Westlawn, an Addition to the C:ty of Grand Island, Nebraska, thence running
<br /> east on the south line of �aid Lot Fifteen (15) for a distance of 175 feet to the southeast
<br /> corner of said Lot Fifteen (15), thence running south on a prolongation on the east line
<br /> of said Lot Fifteen (15) for a distance of 68 feet, thence running west parallel to the
<br /> south line of said Lot Fifteen (15) for a distance of 175 f'eet to a point on the westerly
<br /> line of said Lot Fifteen (15) if the same were extended to the south, (SEE ATTACHED EXHIBIT
<br /> TOCETHEE with all the improvements now or hereafter erected on the pmpert�y, and all eaeements, A�
<br /> rights, appurtenances, rents, royalties, mineral, oil and gas rights and ptofits, water, water rights, and
<br /> water stork, and all fixtures now or hereafter attached to the pmperty, all of which, including replace-
<br /> ments and additions thereto, Fhall be deemed to be and remain a part of the pmperty covered by this
<br /> Mortgage; and all of the foregoing, toqether with said property (or the leasehold estate in the event thir
<br /> Mortgage is on a leasehold) are herein referred to as the "Property".
<br /> Borrower covenant� that Borrower is lawfull,y seised of the estate hereby �onve��ed and has the riqht
<br /> to mortgage, grant and convey the Property, that the Pmpert,y is unencumbered, and that Borrower will
<br /> warrant and defend generally the title to the Property againFt all claims and demandh, subject to anp
<br /> easements and restrictions litited in a sche.dule of exceptions to cavr.rage in any title insurance policy in-
<br /> suring Lender's interest in the PropFrt;v, or (2) attorney's opinion of title from abetract of title certified
<br /> by bonded abetracter.
<br /> PROVIUED ALWAYS� and thec;e presents are executed and delivered uEwn the folluwing condit.ions,agree-
<br /> ments and obligatione of the Borrower, to-wit:
<br /> The Borrower agrees to pay to the Lender,or order, the principal sum of THIRTY THOUSAND FOUR
<br /> E#UNARED.AND NO/.100-- ----- ----- ---- -------------
<br /> -- _.. --- ._ ___._..-.__ _._. _ _ �ollars IUS�; 30.,400.00 _ )
<br /> payable as provided in a note ezecuted and delivered, c•onrurrentl��herewith, thc�final pa��tnent of prira•ipal,
<br /> if not.Kooner paid,on the _ _. ls.t _ ._ day of _. _ Sarivaxy ,�?pQ7
<br /> UNIFOEM C�l)VENANTti. I30I'I'OWE�1'9ild LE'71CIeI'COVPRHRt.817CI a�ree as folloµ�ti:
<br /> I. P¢ymeat of Prineipal and Intereat. Bormwer shall prompUy pa,y when due ihe principal of und in-
<br /> terest on the indebtedness evidenced by the Nute,prepayment and latr charges as pmvidrd in the tiote.
<br /> and the principal of and interest on any Future Advances �ecun:d by this Mortgage.
<br /> 2. Funds for Taxas aad Insur�ce. Subject to LendPr',option under para�;raphs 4 and fi hrra�if. Rnr-
<br /> rower shall pay to Lendr.r on the day monfhlv installmentti of principal and intrrest.are payable unde•r the
<br /> Note, until the Notx is paid in full,a cum (hrrein "Fund�") c,c{ual to onc•-t�ceitth of thc� y�early taxr. and
<br /> a�essments which may attain priorit;y over thi� �1ortKagr, and �round rent� un the Pn,E�rrty, if am plus
<br /> one-twelfth of yearly premium installmenta for ha•r.ard invurani�r, pluc on�•-twNltYn nf }•r�arh• ��rc•mium in-
<br /> atallmenta for mortgaKe insurance, if any, all as rea�onabl�� etitimated initiall� and from tinw tu time t,v
<br /> I,Fn�lFr�n the ha�is of a�se�sments snd bills ancl reasunalilr�•.t.ici�air� thrrc-uf, lxu.lrr.hell aN�i� thr Funiln
<br /> to pay eaid taxes, asFessmentR, inRurance premiums and ground rent�;. Lender �hall makF no �•hxrge for tio
<br /> holding and applying the Funds or verifying and compiling said asser,smentv and billti. The Lender �hall
<br /> give to!he Borrower, w�thout charge, an annual accounting of the Funds Showing credit�and debits to the
<br /> Funde and the purpose for which each debit to the Funds wak made. The FundF arc• pled�ed a� additional
<br /> security for the sums secured by this Mortgage. The Borrower a�re�s that the Fundr may Fx� held by the
<br /> Lender and comminRled with other funds and the Lender's own funda and the I.ender map pay+uch item� �
<br /> feum itx own funda and the I,ender ehall not be liable for intereFt or dividend, r�n cuch FundG. 3"' *��:�
<br /> If the amount of the Funds held by Lender,together with the future monthly installments of Funds r'•'t`;
<br /> p�yalsle prioz to Ehe dve datee of t�es,assessmenta, ineurance premiums and ground rents, shall eYceed �"
<br /> the amount requi�d topa y said ta=ee,aHseesments��nsurance pxrmiumF aad gmund renta:av they fall due,
<br /> such ezcasa shali be,at Aorrower'a option, eithrr pmmptly repaid to Botmwez or creditcd to Bom�x cr un
<br /> t+wnthly iifatallmeats of Funds. If the amount of the Funds hrid hy TxnriPr �hAll n.�t he•.�ifiir•ir�nt t.�I�N�
<br /> taze�. aeee�es�La. insureace pnemiums and ground rents as they fall due, Bormwer shall pay t�� Lender �
<br /> a�►Y aawnnt necestary to afake up the deficiency within thirty days after notice fram Lender to Bormwer
<br /> re4uesting payment thereof, or Borrower shall, by an incresae in monthly ina,tallmentv of Fundc rryuired.
<br /> rqsay th«eipFcien�y within the Fund accounting pc:riod.
<br /> L11bn payment in full of all sume eecured by this Mortgage,Lrnder�hall apph� Fund�.hrld a.. a�•rrdit �
<br /> aRainst sll Rumr due.
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