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<br /> (NDIVIDUAL �
<br /> , s � �� �� DUE ON SALE � �
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<br /> ' ��L� ���� � � � � �
<br /> � L���r_. FORM No.720 . . �� . � . �, .
<br /> ���'�r Loan Number__�4�gZ___-_Z&.__--eL�h
<br /> � 77`r �J��Q3'7
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<br /> `t MORTGA; GE ,
<br /> T
<br /> �� THIS MOFtTGAGE, made and executed this lst day of S�ACemk�x A D, '
<br /> :`a 19 �� between the Mortgagoz ..: . ....,. -.--:. . .:_ -
<br /> ' ' Donaid Edward Shinaber and Lana:J_.,S_ "
<br /> , • .•---• .... X t h�n�b�:zX-:..husbattd a�o.d..wi.£e-�,- ••---..:_._ ;,
<br /> w� bf _,.Grand Ialand .''_:.,� County of..:::.�11` ....:,State of:.Nebx��ka.._....,hereinafter referred ` ' `
<br /> .... ..--- --_.. ......
<br /> to as the $orrower, and the'Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> ' � ' LENCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter`referred,to
<br /> r as I.ender.
<br /> � WizrrsssETx That the said Borrower for and in consideration of the sum of .._ .. `
<br /> � ...ONE HUNDRED THOUSAITD and NO/100 . ..._......-Dol:ars (US$..?.09�.QQQ.QO.... .........) z
<br /> ..< ....._., ..�...... ........ .. ....... . ._..
<br /> � , paid by:said Lender,does hereby mortgage, grant and convey to Lender, its successors and assigns; the "
<br /> .I following described property located in the County of :._Hall_ ,.,,.,.., State of Nebraska: :
<br /> ........---.......
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<br /> SEE EXHIBIT A
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<br /> f�:�. � . � . . . . � . � . . , �. r. .' . .
<br /> ,`� TocETxEs_with ali the improvements now or hereafter erected on the property, and ail easements,
<br /> rights,appurtenances, rents, royalties, mineral, oii and gas rights and profits, water, water rights,' and
<br /> water stock, and all fixtures now or hereafter attached to the property, all of which, including replace-
<br /> j ments and additions'thereto,shall be deemed to be and remsin a part of the property covered by this +,
<br /> � Mortgage; and a11 of the foregoing, together with said property (or the leasehold estate in the event'this ?
<br /> � iVfortgage is on a leasehold) are herein referred to as the "Property".
<br /> `� Borrower covenants that Borrower is lawfuily seised of the estate hereby conveyed and has the right '"
<br /> to mortgage; grant and eonvey the Property, that the Property is unencuxnbered, and that Borrower will
<br /> � warrant,and defend generally the title to the Property against ali claims and demands, subject to any
<br /> ; ; easements and restrictions listed in a schedule of exceptions to coverage in any title insurance policy in-
<br /> suring:Lender's'interest in the Property,or (2) attorney's opinion of title from abstract of title certified
<br /> by bonded abstracter.
<br /> } Paovin�n'Ai.waxs, and these presents are executed and delivered upon the following conditions,agree- !
<br /> �+ ments and obligations of the Borrower, to-wit:
<br /> �.:�E. � .. � � . . . . � . . .
<br /> � . . . .. . .. . . .. : .
<br /> '� The�orrower agrees to pay to the Lender, or order, the principal sum of .........:............ "
<br /> ...
<br /> 7 .:_..---Q�:�i?_RED THOUSAND._and.N0%�:00--_-----.-----.---r.-.-:�ollars (US�.1QQ.,UQQ_QQ--.-. -----._:)
<br /> payable'as provided in a note executed and delivered,concurrently herewith,the final payment of principal,
<br /> 3 i#not sooner paid;on the----•--:.x�.C--..-.-_---.day of_--...September.-- ---.... ._.__, 1997_._. M :
<br /> #
<br /> � UiviFoBM CovExANrs. Borrower and Lender covenant and agree as follows:
<br /> �• 1. Payment oE Principal aad Interest. Borrower shall promptly pay when due the principal of and in-
<br /> � terest on the xndebtedness evidenced by the Note, prepayment and late charges as provideci in the ATate,
<br /> , . . . .
<br /> :� •
<br /> ' 2.,Funda far Taxes and Insurmice. Subject to Lender's option under paragraphs 4 and 5 hereof, Bor-
<br /> • � rower shall pay to Lender on the day mont23ly installments of principal and interest are payable under the
<br /> ? Nate,tua�til the Note is paid in full,a sum (hereSn"Funds") equal to one-twelfth of the yearly ta�ces and ;
<br /> � assessments wkuch may at#ain pnority over this Martgage, and ground rents on Che Froperty, if any plus
<br /> " � one-twelfth of;yearly premium installments for hazard insurance, plus one-twelfth of yearly premium in-
<br /> , . stailments for mortgage insurance, if any, all as reasonably estimated initfally and from time to :t;ime by ' `
<br /> Lender on 4he basis bf assessments and bills and reasonable estimates thereof,Lender shall appl,y the F'unds
<br /> f -to pay said taxes,aSsessments,insurance premiums and ground rents. Lender shall make no charge for so _
<br /> holding a�d applying the Funds or verifying and compiling said assessments and bi1Ls. The Lender shall
<br /> give to the Borrower,without charge,an annual accounting of the Funds showing credits and debits to the
<br /> , Funds and the purpose for w2uch each debit to the Funds was made. The Funds are pledged as additional
<br /> se�urity�or�.he sums secured by this Mortdage. The Bonower agrees that the Funds may be held by the d
<br /> � I.cnder and commingled with other funda and the Lender's own funds and the Lender may pay such items � .,
<br /> ± from its own funda and the Lender shall not be liable for interest or dividends on such Funds. ='-a �,�``
<br /> '.� : If the ataount of the k�nds held by Leader,together with the future monthly instaliments of Funds �` h �
<br /> ; � paqabie prior to xhe due dates o#tases,assessments, insurance,premiums and ground ren#s, shall excsed `'��, ,
<br /> ; . the amou�nt requued to pay said;tases,assesaments, insurance premiums and ground rents as they fail due, `�k
<br /> such excese shali be,at Bnrrower's option,either prnmptly repaid to Borrower or credited to Borrower on
<br />� � mor.tht:�,':insLafi�iienLs cjf:Fcu�tia. tf Liie atu�uni:vf iaie Funcla hei�i by Lencier shall not be sufi'i�ient tu �ay
<br /> , .� ...
<br /> tso,.e.,�ses:�;.z��s, in.�-ar�c� pr....--uu::�s an: gr;i�-,', rznts as tL-�y ,`:�:?due, icrrower shali p.:y t,� L.er.der
<br /> any'amounk neeQssary ib make up the de8�iency.within thirty days after notice from Lender to Borrower " ,� ' `' �
<br /> requesting.payment thereof, or Borrower sfiall, by an increase in monthly instaiiments of Funds required,
<br /> repay t2ie de&Ciency within the Fund aCeounting period.
<br /> ; Upon payment in full of ali sums secured by this Mortgage,Lender shall apply Funds held as a credit
<br /> against all sums°due. `
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