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<br /> � �
<br /> INDIVIDUAL '
<br /> DUE ON SALE
<br /> OPTIONAL FUTURE ADVANCES
<br /> SAVINGS FUND
<br /> � FORM N0.720
<br /> Loan Number_ 351_4�___-_ �$$.____..�_.
<br /> iroe Bra�,��.
<br /> 7�-007436 M O R T G A G E
<br /> THIS MORTGAGE, made and executed this _ __ .aa day of �_�� A.D.,
<br /> 19. 77,between the Mortga or, ,Jahu. R. F.e-nd�xson and ,�oan M. Fenslersan.,.husband and _
<br /> vife, ,�ointly a�each in their own right
<br /> _ __. ___. ._._._._.. .,..__._.....___ ____.. __ .__ ___ _ _ __ _ . __._ __.__...
<br /> of __Graad..Island . , County of . .Hall __ ...,State of Nehraska- ,hereinafter referred
<br /> to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS A?vTD LOAN ASSOCIATION OF
<br /> LINCOLN, I235 "N"Street, Lincotn, Nebraska 685(1I, its �ucce�yor�; and assi�;ns, hereinafter referred to
<br /> ae Lender.
<br /> WITNEBSETH: TtleC C}le �aid Borrower for and in consideration of the sum of TEtIK�X. .'�HQUSANA..
<br /> _ ..EIGHT. HIINDRED AND NO/100--------------------------Dol.an (US$ 30,.800.00
<br /> __ _ _ . .__ _ __ _ )
<br /> _ _ .._.
<br /> paid by said Lender, doeti hereby mortgage, grant and convev Lo I,ender, its successon and assi�ns; the
<br /> following described property located in the County of __ _�.11 _ _ , State of Nebraska:
<br /> Fractionsl Lot Six (6) in Fractional 31ock One Hundred ;cventeen (117)
<br /> in Koenig and Wiebe's Addition to the City oi Grand Island, Fiall County,
<br /> Nebraska and E�actional I,ot Six (6) in Fractional F�lock One Hundred Seventeen
<br /> (117) in Railroad Addition to the Town (now City) oi' Grand Island, Hall
<br /> County, Nebraska.
<br /> TOGETHEA with all the improvement� now or hereafter erected on the pm�rty, and all easements,
<br /> rightx, apputtenances, rente, royalties, rtiineral, oil and Kas rightF and profits, water, water rights, and
<br /> water stock, and all fixtureF now or hereafter attached to the propert.y, all of which, including replace-
<br /> ments and additions thereto, Shall be deemed to be and remain a part of the pmpertv covered by this
<br /> Mortgaqe; and all of the foregoing, together with said property (or the leasehold estate in the event this
<br /> Mortgage is on a leasehold) atr� herein referred to as the "Property".
<br /> Borrower cavenants that Borrower is lawfully seie;ecl of the estate hereby conveyed and has the right
<br /> to mortgage, grant and convey the Propertv, that the Property is unencumbered, and that Borrower will
<br /> warrant and defe�d generally the title to the Property against all claims and demand�, .ubject to any
<br /> easements and rertrictions listed in a schedule, oi excrptions to coveraKe in any title insurance policy in-
<br /> cuiing Lender"s intere�t in the Property,or 12) attornevs opinion of title from abstract of title certified
<br /> by bonded abetracter.
<br /> � PQOVIDED ALWAYS� and these presents are executed and deliverrd upcm the folluwin�conditions,agree-
<br /> mentr and obligations of the Borrower, to-wit:
<br /> The Bort�wer agrees to j�v to the ].ender,or ordrr, the principal sum of THIRTY xIiOUSpDiD- -
<br /> _EI(�iT HUNDBED.-6NA.NQlIQU------ -----..--------------i)ollar, (['S fi- 3.Os�OQ.Q4._ )
<br /> payable ar provide�ci in a note Fxecvted and delivered,concurrently herewith,thf�final pa��ment of princi}�al,
<br /> if not ScwnPr paid, on the lst da�' of I)ace.mber . ��} <app�'
<br /> 1JNi��M Cuvex�Nn. f�rmwer and Lender covenant and a�ree as folluws:
<br /> 1. Paym�at oI Priacipel�d Intereat. Burn>wer vhall prumptly pay when due the princi�al of and in-
<br /> terest on t.he indebtedneR�; ewdenced by the Note, prepayment and late chark<•s as provided in tha Nute,
<br /> and the princ•ipal of and interest on any Future Advances ,�:cured b�� thi, !�fort�age.
<br /> 2. Funda for iaxes and Insurmaes. Subjec�t to Lender'ti option under para�;raphc •1 and :-� hereof, f3or-
<br /> rower shall pay to Ixnder on the day monthly installment�;of principal and interest are payahle under the
<br /> Note, until the Not,e is paid in full,a eum (herein "Funds"j eyual to one-twrlfth uf the ti•earl}� taxes and
<br /> seaessmente which may attain priuritv over thi�: MortKa�r, and Kround rent� .�n the I'ro��rt}•, if any plu�
<br /> cx�e-twelfth of yearl,y premium installment� fur hazard in�urance, plus onr-twrlfth of ��rarly premium in-
<br /> �tellmentc for mortrsge in.urance, if an�, all a., rra,unal�ly r,tin�atr�l iiuiiall� and i'r�in timr tu un�e bv
<br /> I�nder on the baeie of a�seRRmentF and bills and reasonable est.imatrs thereof, Lc:ndrr shall a���ly thr Funci,
<br /> to psy eaid tazes, asseesments,inRurance premiums and gmund rents. Lender shall make no charge tor so
<br /> holding and applying the Funds or verifying and com�iling tiaid a�ties�nients and bills. The I.end��r shall
<br /> give to the Borrower, without charge, an annual accounting ot the Fundc vhowing crFciitc and debitR to the
<br /> Ft[nde and the purpose for which each debit to the Funde was made. The Funds are plyd�ed as additional
<br /> security for the eutns secured by this Mortgage. The Borrower aQrc�r that the Funds ma,y br held by the
<br /> L�nnder and commingled with other funds and the Lender'F own funds and the Lender may pay such items -�� - ;
<br /> (e�om its ow�n funde and the Lender ehall not be liable for intere�,t or dividends on such Fund�;. k: w
<br /> If tke amoynt of the Fuada held by Lender,together with the future monthly installments of Funds J
<br /> P�Y�e P�� tl�e due dates of tazee, aeeeesments, insurance premiumR and ground rents, �hall exceed
<br /> ti�e amwset reQuieed top�v� Aairi taxea, ���nts�insurance premiums and ground renL.,si., thry [ell .lur,
<br /> nttch e=c^e�e eifali be,at Botrower's optiwn, eiths�r�nr,mi.t�iy ee�+aid to B�rmwer or credited to Borro�ecr an
<br /> �+�Y �;utnents of Funds. If the amount of the Funds held by Lender shall not be�u(iicient to pa��
<br /> �� ��5+ �wtaace Pr�►iume and ground nents as Lhey fall due, Borrower shall pay to L,ender '
<br /> �S�et �►e°'ewa�Y to make uP the deficiency withia thirty days after notice f�+om Lender to Borrower
<br /> �4�i�lS iMY�*�►t f�ereof, or Bortow•cr shall, Ly au iturnaer in nwnlhly in�wllmrnl+ui N'und.rrqwrecl,
<br /> ��lP�Y �deficiency within the Fmd accounting period.
<br /> �7poe+ payment in full of all sutna secured by this Mortgage,Lender�hall apply Funds held ati a�•re�dit �
<br /> a�airtst all sumR due.
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