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<br /> 7NDIVIDUAL
<br /> DUE ON. SALE
<br /> OPTIONAL FUTURE ADVANCES
<br /> ��A■ SAVINGS FUND
<br /> �i� w�1� FORtif No.720 �... �.. � :. � . � � .
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<br /> 1{r' ,�� Loan Number_���i8__ — 1 `18
<br /> !' . .. . �_.—_—_.TYDe —__B�ancM
<br /> ?7- 0��0�3 M � R T G A G E :'
<br /> � ' THIS NTORTGAGE, made and executed this "�� ' day of �4��r S t ' A.�.,
<br /> � 19._._7?..;between the Mortgagor Delbert..D:'. Theasmeyer_and_Lois A.._.Theasnieyer, husband.::and , ':
<br /> � ° wsfe�! �ointl and.;each in thear own ri t - - �: ,'
<br /> .Y ._. .-•--- � � -._.._ �---- -.._-�-----••
<br /> : ' oy..._Grand Tsland .:._..., County of_: _HaZl .-•--•---- . State o#--Nebraslsa. here�nafter refeired
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<br /> y to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF �"
<br /> T,INCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to
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<br /> , . as Len@er. ,:
<br /> ; Wi�rxEssExx That the said Borrower for and in consideration of the sum of �'rY NSNE fiH�L7SABID
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<br /> 4.�TF.�HUI�IDRED:.AND_N0�100.---- ......:. .......� ......_._ ...:---.'._'�ol:ars (US$29,100 00
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<br /> paid by said Lender, does hereby mortgage, grant and convey to Lender �ts successors and assigns; the
<br /> ` following described property located in the County of _.__...H�,�.,1. ...:..... .......... State of Nebraska: i
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<br /> .z,ot Twenty Four (24) West Heights 2nd Addition to
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<br /> � - Gxand Island, Ha11 County, Nebraska.
<br /> � ; TocErHsx with all the improvements now or hereafter erected on the property, and all easements, r
<br /> � rights, appurtenances, rents, royalties, minerai, oil and gas rights and profits, water, water rights, and
<br /> y watar stock, and all fixtures now or hereafter attached to the property, all of which, including replace-
<br /> y ' ments and additions thereto,shall be deemed to be and remain a part of the property covered by this
<br /> , � Mortgage; and ali of the foregoing, together with said property (or the leasehold estate in the event this [ '
<br /> ; � Mortgage is on a ieasehoid) are herein referred to as the "Property":
<br /> � Borrower covenants that$orrower is lawfully seised of the estate hereby conveyed and has the right
<br /> � to mortgage, gtant and convey the Property,that the Property is unencumbered, and that Borrower will
<br /> warrant`and defend generally the title to the Property against all claims and demands, subject to any �
<br /> i � easements and restrictions listed in a schedule of exceptions to coverage in any title insuranee policy in- ;
<br /> suring Lender's interest in the Property, or (2) attorney's opinion of title from abstract of titie certified
<br /> ` � by bonded abstracter. �
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<br /> ; 4 PaovinEn ALwnYs, and these presents are executed and delivered upon the foIlowing conditions,agree-
<br /> ^ �ents and obligations of the Borrowery to-witr
<br /> The Borrower agrees to pay to the Lender or order the pnncipel sum of .:�FI�'J1C:X_.1�.C2!T,� �O[)�.ANA_.
<br /> 4 :01@�..HtZi�IDRII?,.AiVD N01100......�: --::._ ..'Dollars (US $������.QQ----�-- -�----�
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<br /> ,� payabie as provided in a note executed and delivered,concurrently herewith,the final payment of principal, p
<br /> `if not sooner paid,on the.. .�'a.x'�t .---..:... day of .--.JulY.:.,._._.._...:.._...-----> 19..98..
<br /> ; ` UxzFoaM CovEi+rnxTs. Borrower and Lender covenant and agree as follo�vs:
<br /> ,� 1. Payment of Principal�d Interest. Borrower shall promptly pay when due the principal of and in-
<br /> terest on the indebtedness evidenced by the Note,prepayment and late charges as provided in the Note,
<br /> � aad the'principal of and interest on any Future Advances secured by this Mortgage;
<br /> ? 2. Funds for Tmces and Insurance. Subject to Lender's option under par�graphs 4 and b hereof, Bor-
<br /> ' mwer shall pay to Lender on the day monthly installments of principal and interest are payable under the
<br /> Nqte,until k.he Note is paid in full, a �um (herein "Funds") equal to one-twelfth of the yearly taxes and
<br /> ; f assessments wh9eh may attain priority oyer this IvIortgage, and ground rents on the Property, 3f any plus
<br /> � oae-twelfth of yeariy premium installments for hazard insurance, plus one-tweifth of yearly premium in-
<br /> stallments for mortgage insurance, if any, a11 as reasonably estSznated initially and from tirne to time by
<br /> ; Lender on the basis of a�seHement�an�l Uilis and reasonable estlmatcs thereaf,Len3er sha11 apply 6Le Fui�ds
<br /> ' ,i ta pay said taares; assessments,insurance premiums and gmund'rents: Lender shall make no charge for so
<br /> t holding and applying the Funds or verifying and compiling said assessments and bills. The Lender shall
<br /> • ? give to the Bor;ower,withaut charge, an annual accounting of the Funds showing credi�s and debits to the
<br /> $ Funds an<i the purpose for which each debit to the Funds was made� The Funds are pledged as additional ?
<br /> aecurity for the sums secu�ed by.this Mortgage.:The Borrower agrees that the-Funds may be held by the
<br /> � T.ender and commingled with other funds and the Lencier's own funcis and the Lender may pay such itexns :��� " � �'�.
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<br /> „� „ firo�n its own funds and the Lender shall`not ba liable fqr interest or dividends on such Funds. � �`' `' �
<br /> ;� Tf the amount of the Funds held by Lender,together'with the future monthly installments of Funds ��",`
<br /> j , pa3�able pxior to rhe due dates of'taass,assessments: fnsurance premiums and ground rents, shall exceed , �
<br /> = the amount required ta.pa y said taxes,assessments,msurance premiums and ground rents as they#all due, `'��
<br /> � �uch excess sha11:be,at Bortower?s_option,eitherpromptly repai�l t�Bozmwer or credited to Bar.ro:ver on "'�'`
<br /> monthly inst,xliments of Funds, If the aznount o# the Funds held by Lender shall not he hufficient t�. pay
<br /> ; �^�s. ���n?enY,s, uwara�u;e�remiiuns ar}d ground rents as they fall due, Borrower shall pay to Lender , �.
<br /> f any amouz�t necessary to uiske up the deficiency';within thirty days after notice from Lender to Borrower �'~
<br /> re4����g paqment tliereo#, or Bonower'shall, by an increase in monthly installments of Funds required,
<br /> ,,; , , repay the,defieiencq within the Fund acc�vnting p�riod. `
<br /> UPon payrnent i� £ull of aIl sums secured by•this Mortgage,I,ender shall apply Funds held as a credit
<br />• ' against all sums due.
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