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<br /> / INDIVICUAL
<br /> C DUE ON SALL
<br /> OPTIONAL FUTURE ADVANCES
<br /> SAVINGS FUND
<br /> � ' Fowr No.720 :
<br /> Loan Number__ 35253_____188_____�__
<br /> TYD< B�snc1�
<br /> i7- U07484 M O R T G A G E
<br /> THIS MORTGAGE, made and executed this . _ ..... . . ._.....��day of �-L'�2'�i._......_. A.D.,
<br /> 19..7�.,between the Mo:tgagor, S.tephen. F.....Aonshaugea.and J.anei_C_. Ranahaugea,..husband--..--
<br /> and..�+�.�e...,�.aiat:lX.-and.each_in..their_ai,rn..righs.... ._ ...._ .........__..._.....__...._. ___......_....._ .......---
<br /> of .._..... _.GxS,Ad..I9.l.and, County of .__ _ __Iiall._ .. .__..,State of- Zlehraska.___,hereinafter refezred
<br /> to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND IAAN ASSOCIATION OF
<br /> LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its succe�ore and a�;signe, hereinafter referred to
<br /> as Lender.
<br /> ITNES6ETH: TE18t f:}lC said Borrower for and in consideration of the sum of FORTY THOUSAND AND
<br /> _ . . .__....
<br /> NO/1 -------------------------------------- ------Dol:arr (US� 40,000 00... _ . __...)
<br /> ... ..... . . .._.___ . ____. _. _ .. .. . . _ _ _ _ .._
<br /> paid by said Leader, does hereby mortgage, grant and convey tu I.ender its succes�rs and asa;igns; the
<br /> following described property located in the Count,y of . Hal� , State of Nebraeka:
<br /> _ ,._ __.__ ___
<br /> Lot Three (3) Edwards Subdivision, City of Grand Island, Hall County,
<br /> Nebraska.
<br /> TQCETHE� with all the improvements naw or hereafter ereoted on the property, and all easementF,
<br /> rights, appurtenancea, renta, myaltiea, mineral, oil and Kas righta and profiG;, water, water rights, and
<br /> water stock, atsd all fixtures now or hereafter attached to the pmperty, all of which, including replace-
<br /> mente and additions thereto, shall be deemed to be and remain a part of the pmperty covered by thiR
<br /> Moetgage; and all of the foregoing, together with eaid property (or the IeaEsehold estate in the event this
<br /> Mortgage is on a leasehoid) are herein referred to as the "Pmperty".
<br /> Borrower covenantel that Borrower is lawfully seiaed of the e�;tate hereby conveyed and has the right
<br /> ta mortgage,grant and convey the Property, that the Property is unencumbered, and that Borrower will
<br /> vratr�nt and defend generally the 4tle to the Property against all claims and demands, subject to any
<br /> eoaements and reatrictions listed in a echedule of exceptions to coverage in any title inaurance policy in-
<br /> euring I.ender's interest in the Property,or (2) attorney's opinion of title from abatract of title certified
<br /> by bonded abetracter.
<br /> PlOVIDED ALwwvs, and these prer,ents are executed and delivered upon the following conditions,agree-
<br /> tuents and obligations of the Bormwer, to-wit:
<br /> The Borrower agreeK to pay to the Lender, or order, the principal sum of �RTY THOUSAND AND __„
<br /> NO/1.00------------- ---------- ----------------.--�ollars (US 5 40,000.00. .
<br /> _._ .. _ .. __.. . . _ ____. . _. . .
<br /> . ._ ____)
<br /> p�yable as provided in a note executed and delivered, concurrentl��herewith,the final payment of principal,
<br /> if not sooner paid,on the lst . day of. ETa.nuary _ , 1�c2007
<br /> UNI!'U�M CUVENANTS_ BOII`OWC! HI1d LBiI(�@t COV@I18Rt and agree as follows:
<br /> 1. Pai.m�nt ot Prineipa!�d Iat�s+�st. Borrower shali promptly pay when due the principal of and in-
<br /> tereat on the indebtedneas evidenred by the Note,prepayment and late charges as provided in the Note,
<br /> and the principel of and intereRt on any Futum Advance�xecured by this:�lortgage.
<br /> 2. Fuads!or Tmcss and lasurae►e�. Subject to Lender'ti option under paraRraphs 4 and 5 herc of. Bor-
<br /> rawer shall pey G� Lender on the daY monthly installments ot principal and interesi.are Nayable under the
<br /> Note, unLil the Note is paid in full,s cum (herein "Fund�;") eyual to one-twrlfth of the yr.arly tsxe� and
<br /> s�reasmettta which may attain prioritv over this Mortgage, and ground renta on the Pmpert��, if anV plus
<br /> one-twelfth of yearly premium insta�lmente for hazard insurance, p1uG one-twelfth of yearly premium in-
<br /> stallments for mortgage insurance, if any, all a�; reasunably eslimated initially and from lim� �o time by
<br /> Lender on the tsasie of aRaex�mentF and biI1N and rParuinahlr�Kkimatec there�if. T.encirr�hall xE�pl�� the Fun�1v
<br /> �WY�d tues,aecesements,ineurance premiume and ground rente. Ix.nder Shali make no charqe for so
<br /> hddir� aad apQiyins the Funda or vetifying aad compiling eaid as�sments and bills. The Lender rhal!
<br /> aiv'e to the Bo�aw�er,wit}wut charge an annual acrountin�;of the Funds showing credite and debits to the
<br /> Fundo atui the pur�wse for which e:ch debit to the Funds wae made. The FundF are pledRed as additional
<br /> aavrity for the stuns aecured by this Mortgage. The Borrower agt+ee� that the Fundn nuiY t�e hrld bv the
<br /> I�der and oo�m»sngled w*ith other fmfde and the Lender's oan funds and the Lender may pay such items �. '.. ��'
<br /> 6m� if+owra fuads and t1�e Leeder alull not be lisble for intereRt or dividends on such Funda. �
<br /> If tbe yooaat of t�e Funde held by Leader, t�ether wit2� tl�e future monthly installmentx of Fundx
<br /> � P�Y�P��Eo the due eiat�of tam,asse�rnreets. in�raaoe preiniums and ground rents, shaA exceed
<br /> ��t�1��pa Y���,�e�eeets,ieaunt�ce pxainiu�and groued rents as thev fall due.
<br /> au� esoen�ht�l be�,at 8ot�ower'a opkion,eitlfet�ompt(y repaid to Borrower or credited to Bcirrc�wer on
<br /> e.
<br /> �Y ��� F�nda. if ti�e�t of tlfe �'unde held by lrender whall not he suttic�rnt to pav
<br /> St►xe�+ a�rocq�t+� +awr'��a ixm�i+�r aeed{�wsd renta ar tl�ey fa11 due.Borrower ehall paY w Lender
<br /> asY amo�m* neoe�aty to m�pp t�e de8aeney writlua thirty dayr after notice from Lender to Borrower �
<br /> �4�[ �t �. a' Borea*�ar�6ai1. by an itu�re�ee in monthly instaliments of Fundti reyuired,
<br /> •
<br /> e�tag tl�e �ritl�ia tl�e Fued aooaantrqc P�•
<br /> iJpw� payeseet ia tvll ot a!1 eums secu:+ed by this Mortgage,Lender,hall appiy Funds held ar a credit �
<br /> agair�st ell a� due.
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