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<br /> INDIVIDUAL
<br /> DUE ON SALE
<br /> f■RST OPTIONAL FUTURE ADYANCES
<br /> �� SAVINGS FUND
<br /> '. . . . ���N FORM NOJ20 � '.
<br /> � Loan Number__34�I2---�-1$&-- -1---
<br /> � Troe o.a�ci,
<br /> 77- �)053� � MORTGAGE
<br /> THIS MORTGAGE, made and e.xecuted this .. ..�J....:. . ._... day of ��.��;,ya".r"m��-s',!�.,�.._ A.D.,
<br /> �' 19.---77--,between the Mortgagor, ---_..,TaqEQ�..L....I�akx.�x.i.n..aztd.�az'.I,?.B.,,.klab�x.i,n,..�iu�h.�xtd..az�d...:._...
<br /> ' :...---�-----..;k?7,��.a---1o3i?t�.Y..aFJ.�..e�4.�..351,:.th�.:�JF..o�1.,z'.�.gh�_----�---------- --------------_...--� -----�----- �--- ----------
<br /> of ._..Gi'and_.Island._...___, County of .._...H$11. .... .... ......State of..__.Nekx.�sk�_._,hereinafter referred
<br /> to as the Bormwer, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to
<br /> as Lender.
<br /> � Wi'rxEsssTxc That the said Sorrower for and in consideration of the sum of ._..T..HIRTY._TWO_.ZHOUSLIND
<br /> .AND.,NO(100,-----------.----.----------.--------------.=-Dol.ars (US$---32,Q00..00_ ...-----�-�
<br /> paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br /> following described property located in the County of.._. .Hall.. ...... ............ State of Nebraska:
<br /> Lot Twenty-three (23), Block Two (2), in Normandy Estates, an Addition to the
<br /> City of Grand Island, Hall County, Nebraska.
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<br /> � TocETHEx with all the improvements now or hereafter erected on the property, and all easements,
<br /> rights, appurtenances, rents, royalties, mineral, oil 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 /> ments and additions thereto, shall be deemed to be and remain a part of the property covered by this
<br /> Mortgage; and all of the foregoing, together with said property (or the leasehold estate in the event this
<br /> Mortgage is on a leasehold) are herein referred to as the "Property".
<br /> Bormwer covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right
<br /> to mortgage, grant 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 /> easements and restrictions listed in a schedule of exceptions to coverage in any title insurance polic,y 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 /> PeovinEv ALWAYS� and these presents are executed and delivered upon the following conditions,agree-
<br /> ments and obligativns of the Borrower, to-wit:
<br /> ; The Borrower agrees to pay to the Lender, or order, the principal sum of . �IIRTY. TWO..THQUSt�p_
<br /> ` ' :_�NR._II0�100-----.-----.-----.-----.----_-.----.-----.--------llollars (US �..32.,000 00..._ ....._
<br /> ...__.)
<br /> payable as provided in a note executed and delivered, concurrently herewith,the final payment of principal,
<br /> i; if not sooner paid,on the_..first ...._.___ day of....._.. October.____., ,..__ �g__2002
<br /> Uxraoxnt Cov�xnxTs. Borrower and Lender covenant and agree as follows:
<br /> 1. Payment ot Principal cmd Interest. Borrower shall promptly pay �vhen due the principal of and in-
<br /> terest: on the indebtedness evidenced by ihe IVote,prepayment and late charges as provided in the Note,
<br /> and the principal of and interest on any Future Advances secured by this Mortgage.
<br /> 2. Funds tor Tcvices and Insurance. Subject to Lender's opt.ion under paragraphs 4 and 5 hereof,Bor-
<br /> rower shall pay to Lender on the clay monthly installments of principa.l and interest are payable under the
<br /> Note, until the Note is paid in full, a sum (herein "Funds") equal to one-twelfth ot ihe yearly Caxes and
<br /> assessments which may attain priority over this Morigage, and ground rents on the Property, if any plus
<br /> one-twelfth of yearly premium instaliments for hazard insurance, plus one-twelfth of yearly premium in-
<br /> stallments for mortgage insurance, if any, all as reasonabl,y estimated initiall,y and from time to t:iine hy
<br /> Lender on the basis af assessments and bills and reasonable estimates thereof, Lender shali apply the Funds
<br /> to pay said taxes, assessments,insurance premiums and ground rents. I.ender shall make no charge for so
<br /> holding and apnlying Y,he Fund� or verifying and c�m�,iiing �aid acse�sment5 and hills. 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 which each debit to the Funds w�as made. The Funds are pledged as additionai
<br /> security for the sums secured by this Mortgage. The Borrower agrees that the Funds may be held b,y the
<br /> Lender and commingled with other funds and the Lender's own funds and the Lender may �ay such items •
<br /> - from its ocvn funds and the Lender shall not be liable for interest or dividends on such Funds. �c� '- ' ±�;�.
<br /> Tf the amount o£tha Funds held by Lender,together with the future monthly installrnents of Funds i�t`: �,
<br /> � payabie prior to the due dates of taxes, assessments, insurance premiums and ground rents, shall exceed `+>
<br /> the amount required to pay said taxes,assessments,insurance premiums and ground renLs as they fall due, �:._; :
<br /> such excess:shall Toe,at Borrower's option, either pmmptly repaid to Borrower or credited to Borrower on „ ,�, '
<br /> monthly instzllments of Funds. If the amount of the Funds held by Lender shall not be suf&cient to pay '>
<br /> taaces, assessments, insurance premiums and �round rents as they fall due, Bormwer shall pay to Lender
<br />� any amount necessary#.o make up the deficiency within thirty days aftzr notice fmm Le.nder to Borrower
<br />� requesf:xng payment therec>f, or Borrower shall, by an increase in monthly instaliments o[ Funds required,
<br /> repay tne denciency wiinin ine rund accouniing perivd.
<br /> Upon payment in full of all sums secured by this Mortgage,Lender shall apply Funds hetd as a credit
<br />� � a�aitis6 all sutns uue. �
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