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<br /> INDIVIDUAL
<br /> DUE ON SALE
<br /> �� OPTIONAL FUTURE ADVANCES
<br /> SAVINGS FUND
<br /> �� FORM No.720
<br /> rLoan Number_ 35�,OQ------�-__-1--
<br /> , Type 6r�nc�
<br /> 77- U07469 M O R T G A G E
<br /> THI9 MORTGAGE, made and executed this . __ �7.__ _. . day of _.. . PCr��.6« _ A.D.,
<br /> 19.17..,between the Mortgagor,._Thomas E. Hayes and Delo;es A. Hayes,_husband._apa v�,�e..
<br /> �ointly and each in thelr own ri&ht
<br /> ... ._..... . .__ .. _. _.. __.. . ______. .__. _.....
<br /> Grand Island County of Hall ,State of.Nebraska . _ ,hereinafter referred
<br /> of -_._. ....._._ __.._ ____ .._ .___
<br /> to ae the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> LINCOLN, 1235 "N" Street, Lincoln, A'ebraska E'iR501, itx succe�.surs and as�igri�, hereinafter referred tn
<br /> as Lender.
<br /> WtTNESSETH: TF18C t}1B said Borrower for and in consideration of t.he sum of�ENTY. F.ZV� .T.HQUSt1ND
<br /> ONE.,HIJNDRED. FORTY.AND NO(.100------_------------------r�o1'.ars (US�.5,,140.00 . 1
<br /> paid by said Lender, does hereby mortgage, grant and convey to Lender, its succes�rr, and as�signs; the
<br /> following described pmperty lxated in the County of Hall _ _ , State of Nebraska:
<br /> _ _ __
<br /> The Northerly 9�+ f'eet of Lots E:ght (8) and Nine (9) in Reutin�'s Second Addition
<br /> in the Southwest Quarter of Section 24, Township 11 North, Range 10, West of the 6th
<br /> P.M., liall County, Nebraska.
<br /> Toc:ETHE� with all the improvemente now or hereafter erected on the pm�rty, and all easement�;,
<br /> righte, appurtenances, rents, royalties, mineral, oil and gas rights and profit_L, water, water rights, and
<br /> water stock, and all fiztures now or hereafter attached to the pmperty, all of which, including replace-
<br /> menta and additions thereto, shall be deemed to be and rnmain a part of the property covered b�• this
<br /> Mortgage; and all of the foregoing, together with yaid propert,y (or the leasehoid estate in the event thi�:
<br /> Mortgage is on a lea�cehold) are herein referred to as the "Property".
<br /> Borrower covenants that Bormwer is lawfully seir>ed of the estate hereby conveyed and has the right
<br /> to mortgage, graat and convey the Property, that the Property is unencumbered, and that Borrower will
<br /> warrant and defead generall,v the title to the Property againct all claim�; and demands, subject to any
<br /> easements and retitrictions tisted in a schedule of exceptions to coverage in any title insurance poliry in-
<br /> suring Lender'R interest in the Property, or (2) attvrney's opinion of tit]e from abst.ract of title certified
<br /> by bonded abstracter.
<br /> PQoviuEu ALWAYS, and the�;e presentr are executed and delivered upon the folluwing c•unditions,agre�e-
<br /> menta and obligations of thr Borrower, to-wit:
<br /> The Borrower agrees to pay to the. Lender, or order, the principal sum of "I�1�NTY F.IVE .THOUSA�iA
<br /> ONE_ HUNDRED FORTY AND.NO/100--- ---- -------------�)ollare (US 5 25..14.Q,OQ_ __. )
<br /> -._......._ . .__._ . _.. _____ _ ._
<br /> payable ae provided in a notr executed and delivered,conrurrently herewith,the final paymrnt of principal,
<br /> if not scwner paid, on the lst day of Janusry , Z!1 2007
<br /> UNIFO{2M CUVE:NANTS. B()IrilWei 8R(� I.efl(�eT CUVeIIfllll. and agree as follow.:
<br /> 1. Payment of Pruscipal�d Intereet. Borrower shall promNth� pay when due the principal of and in-
<br /> terest on the indebtednesa evidenced by the Note, prepayment and late charge� as provided in the� Nute,
<br /> and the principal of and interest on any Future Advances secured by thi.; Mort�age.
<br /> 2. Fuads for TaYea aad Insuraace. Subjrc•t Lo Lendr.r's oNiion under paraKraphs 4 and 5 hereof, B�r-
<br /> mwer shall pay to Lender on the day monthly installment,h of principal and interest are pa��able under the
<br /> Note, until the Note iti paid in full, a sum (herein "Funds") ec{ual io one•-twelfth of thea yearly taxt�� ancl
<br /> as�eRsments which may attain priority over this 1lortgage, anv ground rrnts un the Property, il' any Nlu�
<br /> one-twelfth uf yearly premium inetallments for hazt�rd in�urance, plus one-twelftn of yearly �ttemium in-
<br /> stallmentR for mort.gaQe inAurance, it anv, all a� re•a�r�nahl�� f•�timate•d initisll� anci frotr. time to ti:::r t,�•
<br /> IE.nder on the basis of aec�essments and bille and reaeonahle e�;timateN thereof, I,ender ahall aNply the Fun�lti
<br /> to pay asid tazes, aseescaments,ineurance premiums and ground rents. Lender chall make no charge for �o
<br /> holding and applying the Funds or verifyinR and compiling said aF.;ec;rmentti and billv. The L,ender vhatl
<br /> g►ve to the Borrower,without charge,an annual accounting of the FundR showing credits and debit.E to t.he
<br /> Fundc and the putgx�e3e for which each debit to the Funds was made. The Fund�; arn pledged as additional
<br /> secttaty for the Aums secured by this Mortgage. The Borrower a�rees that the Funda may be held bv the
<br /> I�nder and commingled with other fuads and the I.ender's own funds and the Lender maY Pay such items .
<br /> from ita o�vn funda and the I.ender shalt not be liable for intetest or dividends on such Funds. ��` '�Y<,
<br /> If tl�e ainount of the Funde held by Lender,tog�ether with the future monthly installments of Funds
<br /> paYable prior to Wse due dates of tases,aeaeesmen s, insurance remiums and
<br /> p ground rents, shall exceed �;�,
<br /> tde amoupt tequired to pay eaid tazee.aseesamenM. insurance QtYmiumF and grnund rwnta ac thp��fall �up. -a•
<br /> rnch em�s ahali ►se,at HosTower'e oQtion,either prornptly repaid to Bortower or credited to Born�wer on
<br /> r+wn11+1y �eeil.ailx�nts of Funds. Lf the atnouat of ttfe Funde held by Lender shall not be sufficient to pav
<br /> tue++ wee�et�ts. ieausanc�e premiume and ground rr.�ta ae they fall due, Borrower Fhall pay to Lender
<br /> anY a�ttnt Reoe�ry to make up the deSciency within thirty days after notice from Lender t4 Borrower "
<br /> �'�t1�t� PaYmeQt there�f. or Rererwvrr al+�ll, hy en incren�e in m�nthl�•installmc�nt�;of Fund�mquircd,
<br /> etp�q the deficieecy within the Fund accountittg period.
<br /> Upon payment in fuq of all Ruttx+ aerured by this Mortgage,Lender�hall appl,y Funds held as a credit
<br /> agai�t all eums due.
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