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<br /> INDIVIDUAL ' -
<br /> DUE ON SALE
<br /> �R�' OPTIONAL FUTURE AD1/ANCES �
<br /> ` SAVINGS FUND
<br /> � � � ����� .�� Fortn+ No.720 . . .. . � .. . . __ . . � .
<br /> Loan Number__3_4_567:_ _ 188 ----- -1-
<br /> � . . � . . . . �� . . . . . . . . � � . � � � Tvoe ��a.a��n � � .
<br /> M O R T G A G E
<br /> ; THIS MORTGAGE, made and executed this_.....c�.9._.......... . day of-�.�e.jn�e.r�.�c�^.......:. A.D.,
<br /> 19_."7.7..,between the Mortgagor ::._.William J. .Stevens_,and:Connie._L...Steyensx_;husband.and_.,,.
<br /> ' : wife, jointly and each in their own righ_t
<br /> .. ................ .. ---- -------.. ...... ._ . .------ ._....-- ... --------....
<br /> of _..G=and,..�sland._.,._,.:,'County of ....Hal.]- ..... .........State of...NQbx.aska.......,hereinafter Teferred
<br /> to as the Borrower, 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 Lendea
<br /> WtTxEsscTx: That t�he said Borrower for and in consideration of the surn of_..T..HIRTY_,FOUR THOUSAND
<br /> � FOUR HUNDRED AND NO/100-----------------------------Dol:ars (US$.:34 400.00----.. ..--.-------�
<br /> ---------------------------------�-----... ..........--...........-----.... _...........- ----.........---- '-
<br /> paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br /> #oliowing described property located in the County of _..__...H�a.ZI._.:. .............._..., State of Nebraska:
<br /> Lot Three (3) in Block One (1) in LeHeights Second Subdivision, being
<br /> a part of the Northwest Quarter of the Northwest Quarter (NWuNWu} of Section
<br /> Eleven (11), Township Eleven (11) North, Range Ten (10) West of the 6th P.M.,
<br /> in Hall County, Nebraska.
<br /> TocETt�Ea 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 /> Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right
<br /> to mortgage, grani:and convey the Property, that the Property is unencumbered, and that Borrower will
<br /> warrant and defend generally the title to the ProperCy against all claims and demands, subject to any
<br /> easemen�.s 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 /> b,y bonded abstracter.
<br /> �PROVIDED I�LWAYS� and these presents 8TC executed and delivered upon the foliowing conditions,f1gT0@- - � �
<br /> ments and obligations o# the Borrower, to-wit:
<br /> The Borrower agrees to pay to the Lender, or order, the principal sum of ...�iZRxX,k'QUA. �(1IJ.S�iNa.
<br /> .._FOUR HUNllRED AND NO/100----------------------------llollars (US$.. 34 400.00 )
<br /> . . ...--��... ........................._. ..._...---�--......_.._....._............. ..._. ...�... ........._... ._.........
<br /> payable as provided in a note executed and delivered,con�urrently herewith,the fintil payment of principal,
<br /> if not sooner paid, on the...yst ................. day of -.-_Adnber---. ..... -.___ ----, �flt.2Q06
<br /> UxiFosM CovErrnra�r5. Borrower and Lender covenant and agree as follows:
<br /> 1. Payment of Principal and Interest. Borrower shall promptly pay when due the principal af and in-
<br /> terest on the indebtedness evidenced by the Note,prepayrnent and late charges as providecl in the Note,
<br /> and the principal of and interest on any Future Advances secured by t,his Mortgage.
<br /> 2. Funds for Taxes and Insurance, Subject to Lender's option under paragraphs 4 and 5 hereof,$or-
<br /> rower shall pay to Lencler on the day monttily installments of principal and interest are payable under the
<br /> 1Vote, until the Note is paid in full,a sum (herein "Funds") equal to one-tweifth of the ,yeariy tases and
<br /> assessments which may attain priorit,y over this blort,gage, and ground rents on t.he Property, :f any plus
<br /> one-twelfth of yearly premium installrnents far hazard insurance, plus one-twelfth of yearly premium in-
<br /> stallments for morfgage insurance, if any, al] as reasonably estimated initially and from time to time by
<br /> Lender on the basis of assessments and bills and reasonable ert.imates thereof,Lender shall apply the Funds
<br /> to pay said taxes, assessments,insurance premiums and ground rents. Lender shall malce no charge for so
<br /> hoiding and applying the Funds or verifying and compiling said asseGsments and bills. 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 was made. The Punds are pledged as additional ' '.
<br /> , security for the sums secured by this Z�'Iortgage. The Borrower agrees that the Funds may be held b5� the � .-' '`,
<br /> Lender and comminglecl with other funds and the Lender's own fiinds and the Lender may pay such items """""" � ' '
<br /> frorn its own funds and the Lender shall not be liable for interest or dividends on such Funds. v k !��`' `"
<br /> �. ''��
<br /> If the amaunt of the Funds held by Lender,together with the future monthly installments of Funds '.� ,
<br /> payable prior to the due dates of tases;assessments, insurance premiums and ground rents, shall exceed �h;�
<br /> the amount required to pay said taxes, assessments,insurance premiums and ground reni:s as they fall due,
<br /> such escess shall be,at Borrower's optaon,either pmmptly repaid to Borrower or credited to Borrower on
<br /> manihly instaIlments or' Funds. If the amount of the f�unds held bv Lender shall not'r.�e suf3ic;ieni io pay
<br /> tases, assessments, insurance prexuiuu�s ftn�i groux�3 renls as tl�ey fa11 �1ue, Bc,rt�awer shall pay tu Leuder
<br /> any amount necessary to make up the deficiency within thirty days after notice from Lender to Bonower
<br /> reqaesting payment'thereof, or Borrower shall,'by an increase in monthly installments of Funds required,
<br /> repay the deficiency within the Fund accounting period.
<br /> Upon payment in full of all sums secured by this Mortgage,Lender shall apply Funds held as a credit �
<br /> �' against all sums due.
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