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<br /> IfVDIVIDUAL
<br /> DUE ON SALE
<br /> ,�R�' - OPTIONAL FUTURE A�VANCES
<br /> ��pAL SAVINGS FUND
<br /> � �GR/°'i 1'a q
<br /> - FORn+�No_720' .
<br /> L��C�LN ' Loan Number__34571___— �-- -1--
<br /> i. � . . .. .: � . .� . � .- � . . �. � . . . . . . . . . . rrve. � e.eoan � .
<br /> � %7- (�Q543� M O R T G A G E
<br /> t Q�h �
<br /> .' THIS MORTGAGE, made and executed this --1..i....... ......... day of ... ��1?��A.I3.,
<br /> "' onnie;L Reiber__and__Marjorie.,M. Reib r husband_,and
<br /> , 19'72 ,between the Mortgagor, ..._R. ---------.--� :•-�-•--
<br /> ; ,,,,,,,,,;,,,wifex__jointly„and..each__in_their own right__,__.__,
<br /> ................... - ------- .. .-�---�-•----- ---�--.. .. ..-------..._.
<br /> = op _..Grand;;Island, __.,_._.� Gounty of ._:.:Hall._________ ___ _______State of... Nebraska hereinafter referred '-
<br /> ...............
<br /> to as the' Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> LTNCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to
<br /> ; as I.ender.
<br /> � WiTxEssETx: That the said Borrower for and in consideration of the sum of...�IEDT.TY..ODTE..THDITSAND
<br /> �^ ..AI�IA:NQ/.1QOr.r.---c-rccarr..-.cr.r.r-.-r--.c-r.r.r..-.-c---r.-----.c-Dollars (US$--21.,.Q9O...QQ: .--.----- )
<br /> 3 paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; �he
<br /> ; following described property located in the County of ._...... ..Ha7,.�......_... ..... ...... State of Nebraska:
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<br /> Lot Eight (8) in �ractional Block Twelve (12), in Ashton Place, an Addition to
<br /> ' the City of Grand Island, Ha11 County, Nebraslia.
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<br /> Toc�z�xEx with all the improvements now or hereafter erected on the property, and all easements,
<br /> � rights, appurtenances, rents, royalties, mineral, oil and gas ri�hts and profits, water, water rights, and
<br /> water stock, and all fixtures now or hereafter attached to the property, all of which, including reglace-
<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 tha leasehold estate in the event this
<br /> Mortgage is on a leasehold) are herein referred to as the "Property".
<br /> ` Borrower wvenants that Borrower is lawSully seised of the estate hereby conveyed and has the right
<br /> � to mortgage, grant and convey the Property, that the �'roperty is unencumbered, and thai 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 oi exceptions to coverage in any title insurance policy in-
<br /> i suring Len3er's interest in the Property, or (2) attorney's opinion of title from abstxact of title certified
<br /> by bonded abstracter.
<br /> Paovinsn ALWAYS� and these presents are executed and delivered upon the following conditions,agree-
<br /> ments and obligations of the Borrower, to-wita
<br /> ; The Borrower agrees to pay to the Lender, or order,the princ3pal suin of . .?�NTY ONE .THOUSAND._
<br /> � ,_AND,.NO/100------_------------------------------------Dollars (US �....21.,.000.00-- -- - --...)
<br /> --- --- ---------------------....-•----------....... _. ... . �---
<br /> payable as provided in a note executed and delivered,concurrently herewith,the final payment of principal,
<br /> if not sooner paid,on the.. first .day of......__ .,October_.. pgx_2006
<br /> UxtFoaM Cov�xaxTs. Borrower and Lender covenant and x�gree as follows:
<br /> 1. Payment of Principal mzd Interest. Borrower sha11 promptly pa}� when due the principal of and in-
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<br /> G • terest on the indebtedness evidenced by the Note,prepayment and late charges as provided in the Note.,
<br /> and the principal of and interest on any Future Advances secured by this �Tortgage.
<br /> 2. Funds for Taxes and Insurance. Subject to Lender's og+_ion tz^�A�p2ra�ranha 4 ancl >hereof, Bor-
<br /> -awrr o;�aii y&y CG Le�.uei�un iile day znonthly installments of principal a�d interest are payable under the
<br /> Note, until the Note is paid in full,a sum (herein "Funds") equal to one-twelfth of the yearly taxes and
<br /> assessments which may attain priority over this n4ortgage, and ground rents on the Property, if an,y plus
<br /> one-twelfth of yearly premium installments for hazard insurance, plus one-tweIfth of yearly premium in-
<br /> stallments for mortgage insurance, if any, all as reasonably estimated init;ially and from tiine to time b,y
<br /> Lender on the basis of assessments and bills and reasonable estimates thereof,Lender ehall apply the Funds
<br /> to pFy said taxes,as�ersments,insurance premiums and ground rent•n. Lender shali make no charge for so
<br /> hotding and anplying the Fund� or verifying and compiling �aid a��e�vment� and bill�. The Lender �hall
<br />� �ive t�the $orrower, �+�ithout charge, an annuai accounting of the Funds bhcwing credits and debits to tl�e
<br /> Funds and the purpose for which each debit to the Funds was made. 'I'he Funds are pledged as additional
<br /> security for the sums secured by this Mortgage. The Borrawer agrees that the Funds may be held by the
<br /> Lender and commingled with other funds and the Lender's own funds and the Lender may pay such items
<br /> from its own funds and the i,ender shall not be liable for interest or divsdends on such Funds. ,� . �„�
<br /> If the amount of the Funds held by Lender,together �vith the future monthly installments of Funds �,�,�
<br /> ' pay able 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 rents as they fall due, � `
<br /> � such excess shall be,at Sortower's option,either promptly repaid to Borrower or credited to Borrower on t
<br /> ' monthly installments of Funds. Tf the amount of the Funds held by Lender shall not be sufficient to pay r �'
<br /> taxes,'assessments,-insurance premiums and ground rents as they fall dne. Borrower shall pay to Lender .
<br />� any amount necesr,ary to make un the defieiency within thirty tlays after notice fmm L,ender ta Borrower �
<br /> - requesting paymeni tnereof, or Borrower shall, by an increase in monthly instailments of Fnnds required, �;
<br /> repay the deficiency within the Fund accounting period.
<br /> Upon payment in full of all sums secured by this 11Sartgage,Lender shall apply Funds held as a credit
<br /> a�aiaisl,all suii»iiue. ,
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