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� �
<br /> INDIVIDUAL
<br /> DUE ON SALE
<br /> OPTIONAL FUTURE ADVANCES
<br /> � SAVINGS IaUND
<br /> Fowr No.720
<br /> Loan Number_35313____—__188_—_1 _
<br /> ..oe e..���.
<br /> 77-00'7588 M O R T G A G E
<br /> THIS MORTGAGE, made and executed this __ . szl9day of ._ �/,.,?�8��-_...- A.D.,
<br /> 19..77.,between the Mortgagor, .Wil�iam L. Hakanaon and Donna H.akaq.r4n., huahand..and..wi.£e.
<br /> jointly,.and.each,.in, their,own_right__, , ,... ,
<br /> ...__. ......._.._ _..._...._ ._.__ .. ... . __._.___ __._ ....._...
<br /> of._....Grand._Island_,.._, ,County of -__ _.Hall..._ . __,_.,Stateof_ Nebr,���Ca _ , hereinafter referred
<br /> to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> LINCOLN, I235 "N" Street, Linwln, Nebraska fif35U1, its euccessurs and asFigns, hereinafter referred to
<br /> as Lender.
<br /> WITNESSETH: TI]9t t}1C said Bonower for and in consideration ot t�he sum of ...THIRTY THOUSAND
<br /> __. _... . .._. ..
<br /> S�X.HUNDR�D.AND,.NO(100-----.----,-------.-----.-------r.-.�ol.ars (US �-30,.6QQ..DU.____._._. .. )
<br /> paid by eaid Lender,dces hereb,y mortgage, grant and convey to Lender, its successors and aseigns; the
<br /> following described property located in the County of ____.Ha_J�1. ______ _ __ __ _ ,State of Nebraska:
<br /> Lot Eleven (11) in Block Seven (7) of Harui's Third
<br /> Addition to the City of Grand Island, Nebraska.
<br /> TOGETHE� with all the improvements now or hereafter erected on the property, and all easementx,
<br /> rights, appurtenances, rentb, royaltiex, mineral, oil and gas righta and pro6ts, water, watar rights, and
<br /> water etock, and ali fixtures now or heteafter attached to the property, all of which, including replace-
<br /> menta snd additions thereto,shall be deemed to be and remain a part of the property covered by this
<br /> Mortgage; and all of the foreAoing, together with said property (or the leasehold ec;tate in the event this
<br /> Mortgage is on s leasehold) are herein referred to as the "Property".
<br /> Borrower covenants that Borrower is lawfull,y seieed of the estate hereb,y cronveyed and has the right
<br /> to mortgage, grant and convey the Property, that the Property is unencumbered, and that Borrower wiil
<br /> warrant and defend generally the title to the Property against ail claims and demands, aubject to any
<br /> easements and restrictions lieted in a achedule of exceptiona to coverage in any title inaurance policy in-
<br /> euring Lender's interest in the Property, or (2) attorney's opinion of title from abatract of title certified
<br /> by bonded abetracter.
<br /> PlOV[DED ALWAYB, and these presents are executed and delivered upon the followinA con3itions,agree-
<br /> ments and obligations of the Borrower, to-wit:
<br /> The Borrower agt+ees to pay to the Lender,or order, the principal aum of THIRTY TNOUSAND.SIX_
<br /> HUND�ED AND NO/100------ ----------------- -------- 30 600.00.._ )
<br /> _--_. _._.... -_ _ -_ _ . . _ ___ . _ _ Uollars (lJ5 $ � _ . _
<br /> payable aR provided in a note e:ecuted and delivered,concurrrntly herewith, the final payment of principal,
<br /> if not Aooner paid, on the first �y of January , pp 2003
<br /> � UNIP'UHM Covex�Nnc. Borrower and Lendrr covenant and agree as followh:
<br /> 1. Payawnt of 8iioeipal�d Iabr�at Borrower shaU promptl.v pay when due the princ��a1 ot and in-
<br /> tereat on the indebtddneas evidenced by the Nate, prepayment and late charges as pmvided in the Note,
<br /> and the principal of and interest on any Future Advances �ecvred by this Mortgage.
<br /> Y. Fueds for Tau�s and Iasur�c�. Subject to I.ender's option under para�raphs 4 and 5 hereof, Bor-
<br /> rower shall pay to Lender on the day moathly installment�of prin<•ipal and interest are payable under the
<br /> Note, untii the Note ie paid in full,a sum (herein `Funde") equal to one-twelfth of the yearly taxeic and
<br /> aeaeesmente w�hich may attain priority over this hlorlgage, and ground renth on the Property, if anv plus
<br /> oee-twelfth of yearly pa+emium installmenta for hazard insurance, plus one-twelfth of yearly premium in-
<br /> atallments for mortgege in�uranc•e, if an��, all as reasonabl�� estiaiated initialh and from time to tiizic b�
<br /> I�nder on the basis of a�saessments and bille and r�Ronable estimateF thereof, Lender Rhall appl,y the Fundc
<br /> W pay sid tasas,aeaessinents, insurance premiva�s and ground rents. Lender shall make no charge for so
<br /> holdin� and �pplyi:fg the Funde or verifyinR ead compiliag said aRResementa and billa. The Lendi•r FhaU
<br /> �+�e to the Boerowner,�vithout clurge, an annual accounting of the Funds showing credite and debits to the
<br /> � the�um�e aecured b t�h debit to the Funde was msde. The Funde are pledqed ae additional .`
<br /> Y y rtgage. The Borrower agrees t.hat the Funds may be held by the ,,,, ��
<br /> I.eeder and oommi�led wit1+otlier[v�de and the Lender'a owm funds and the Lender may pay Ruch itema � •
<br /> � t�oa+ ibs� funds aed tfse Leedes elfali not be liabls for interest or dividends on such Funds. ,�
<br /> If tl�e�e�wnt et'�e P�held by I.ee�der,together vvith the futut�e monthly instslirnents of F�nds +
<br /> P�S+'�M V�'�o tbw dus eiates of ta�ee,a�eermmts, ineurance premiums end ground rents, shall exceed '�`.
<br /> �ie amo�st�Sd to pitq rid tate�. w��entw,iw}wrarce pm�+�iuma ain�i Aerxaexi rentx na thPy fsll �1ue,
<br /> •aeA eseeee elfW be,at Botsower'a optioa,eit}�er �omptly repaid to Borrower or credited to Bom�wrr on
<br /> te+o�' i�eab of !''unda. !f tbe�t of tbe f�nds held by Lender shall not be sutficient to paY ,.t
<br /> taisa�. �b. iernsaeoe pemi�awd �ound rents as they fall due, Borrower shnll pay to Lender
<br /> ffiY�t�wry to esake Yp t6e d��Ciewey witbin thiety days after notice from Lender to Iiorrower
<br /> �S �+wY^+^�►r M+r*r.+� �* Porrowrr �4fntl, by an incrrase in monthl}•instullments of Funds required,
<br /> e�ep�Y tfie deBr.iency�vithin�the P�nd a000un� peeaod.
<br /> Upoe payment in fu11 of el!sums eecaared by this Mortgsge,Lendet shall apply Funds held a,a<•redit i
<br /> a�►ainst dl sutus due. J
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