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<br /> INDIVIDUAL
<br /> DUE ON SALE
<br /> � Fo.w No.,2�
<br /> Loan Number_. 35274 --- --�8 --.-.---�]�^_�
<br /> �i7- �07�6,�
<br /> M O R T G A G E
<br /> THI3 MORTGAGE, made and executed this 2let day of December p D
<br /> 19__��..,between the Mortgagor, . __DONALD_E., SHINABERY and_LANA J. SHINABERY,_HµebdTad_ _
<br /> ___ , aad_Wife,_.Ae_.joint..tenants_ _ _ .._. _ .
<br /> _ _ ___.. _ __._ .__ __.._ ___ _...___.
<br /> of .Grand_ Island _ . , County of �il . _____ ,Stat.e of Nebraeka ,hereinafter referred
<br /> to as the Borrower, and t.he Mortgagee, FIRST FEDF.RAL SAVINGS A_�iD LOAN ASSOCIATION OF
<br /> LINCOLN, l'�35 "N" Street, Linc•oln, Nebraska 6R501, its �uccessurti and aesign,, hereinafter referred to
<br /> as Lender.
<br /> WITNESSETH: T}78f the c;aid Borrower for and in consideration of the sum of . NINETY FIVE ,
<br /> _....THOUSANDs_ SIX H[J1�IDRED and NO/100-----------------
<br /> _.. ..... _ _._ . _ _ _._Dol:ars (US�95,600.00---------.)
<br /> _ _. . .._ ._ _. .. .
<br /> paid by said Lender, doea� hereby mortgage, grant and conve to I.ender, its succeasor.; and ase�i�ns; the
<br /> following dcK+cribed property located in the County of �11 _ , State of Nebraska:
<br /> SEE EXHIBTT "A" ATTACHED
<br /> TOGETHEQ with all the improvements now or hereafter erected on the pmperty, and all easements,
<br /> rights, appurtenancen, rents, royalties, mineral, oil and �as rights and pmfitr, water, water rights, and
<br /> water etock, and all fixtures now or hereaft.er attached tn Lhe property, all of which, including replace-
<br /> ments and additione thereto, Fha❑ be deemed to be and remain a Nart of the property covered by t6is
<br /> Mortgage; and sll of the foregoinq, together with said propertv (ot the leasehold e�tate in the event this
<br /> Mortgage ia on a lear�ehold) are herein referred to as the "Property".
<br /> Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right
<br /> to mortgage, grant and c�nvev the Property, that the Pmperty ie unencumbered, and that Borrower will
<br /> warrant and defend generally the title to the Pmperty against all claims and demands, subject to anY
<br /> easements and reFtrictions listed in a schedule of exceptione; to covrrage in any title insurance Ewlicy in-
<br /> surinq l.ender's interest in the Property, or 1•?) attorney'� opinion of title from abetract of title certified
<br /> by bonded ab�tracter.
<br /> PROVIDED ALWAYS, and these prrtients are executed and delivered upon the fullowing conditions,agree-
<br /> ments and obligatione uf the Borrower, W-wit:
<br /> The Bottower agreer to Nay to the I.ender, or order, the prin��ipal sum of NIATETX FIVE .
<br /> �H(�A,S�N!?� _S.IX..HU[�lt� .&FDf. .+yad NU/.�QQ--.--r----------- llollars (t'S �+.9S..6QQ.OQ----------)
<br /> payable as provided in a notx executed and delivered,��oncurrentl��herrwith, th��final payment uf princ•ipal,
<br /> if not eiooner paid,on the 1�K dav of January �,yyg ,
<br /> UNIP'O6M COVENANT6. BOiI'OWeI' and Lendrr covenant and agree ati tolluw.:
<br /> 1. Paymeat o!Principal�d Iat�r�et. Borruwer chall pmmpth� pay whrn due the princi{�al of and in-
<br /> tereRt on the �ndebkednesr>rvidenced by the I\'ute, �iepa��mc•nt and Iate c�hargec a, �rovidrd in the �1ote,
<br /> 2. Funds for Taxes msd Iasur�ee. Subjc;c•t to Lendrr', opt.ion under p�ra�;raphs 4 xnd :i hereof. Bor-
<br /> rower shall pay tu Lender on the day monthh• instalLuants uf principal and inirrest 3ru Eia},ahle undrr 4he
<br /> Note, until the Note ie paid in full,a sum (herein "Funds") cyual to one-t�relfth of the yearly Laxe� an��
<br /> aesessments which may attain priority over thih Mortgage, and groun�l rentn on the F'roperty, it any plu�
<br /> one-twelfth of yearly prrm�um inntsllments for hazard intiurance, pluti one-twrlfth of }•eari�� premium in-
<br /> Ataltments for mortgage iasurance, if any, all as reavunably' e�;timaLed initialiv and fru�u firnr to time bv
<br /> Lender on the basie of asaeu�mentF and billa and res�onahlr«�.timHt�.thrrw�f. T.rn�lrr�hall;a����ly th� Fun�l.
<br /> t� {aay said tazes, assessm�ents, ineurance premiums and �tvund rentc. Lender shall make no char�P for s<�
<br /> Iwlding and apQlying the Funds or verifying and compiling said aH�e.sments and bills. 1'he Lender shall
<br /> �tve to the Borrower, without charge,an annual aceounting of the Funds showinK creditti xnd debits to t.he
<br /> Funds and the purEw�e for which�•h debit to the Funds wann made. The F unds are pledRed aK additional
<br /> security for the suma sec•ured by tttis Mortgage. The �rcuwer a�reea that the� Funil� may l�r he1J by the
<br /> Letuier and oo�esmingled with other funde�and the Lender's own fund�s and the I.ender ma�� pav such item�; ,
<br /> frwn ita own funds and the Lender shall not be liable for intere�;t or dividend�;on �+uch Fund�:. r` ,,"�
<br /> � If the amount of tl�e Funds heLd by I�der,together with the future monthty in�tsllment� of Fundh :
<br /> P�Y�A�bo tbe d+ie dates of ta�ea,asse�menta, insurance premiucna snd ground ren�s, chall ex<•eed �,��°
<br /> �he amount i'eQuie+ed topa Y�aid ta�as,saees�ments,inaurence peemiume and gnound e+entA;aG thP�� fall due,
<br /> auch esceas el�11 6e,at Botrower's option, eithet p�+omptly repaid to Sorrow�er or cnx�ited to F3ormwer on
<br /> tacx►tb1Y iarta22aarnlr u[ FuecL�. If tlae amount of che h'unde hrld by l.Pnder�hall n��t Iw cutti<�iFnt tc� pa�•
<br /> ��. a�, �ra�c:e lu�uli+++�b+u�l rnwnd twnteti aa tl�y fall dur, $c�rrower shali pay w L.enaer ,.
<br /> +usy aewuet mecxeatry to make up tlse�y within thirty days after notice irom L�ender to f3orrower
<br /> �ues� payment thereo[, or Hot�vw�er sltt(1, by an increeae in monthly ineta►Imrnt�ot Funds reyuired.
<br /> de6s�ency within the Fund accountia�►� period.
<br /> Upon payment in full o(all sumE eecvred b,y thi�Mortgage,Lender,hall apply� Fun<i�hrld a.a�•rrdit �
<br /> aqainat al!sums due.
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