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<br /> iIVDtV�DUAL
<br /> DUE ON SALE
<br /> �RST ' OPTIONAL FUTURE ADVANCES
<br /> ��pA� SAVINGS FUND
<br /> �V�" FORM No:720
<br /> �,�0�� Loan Number__ 34694__-_ 188,_-:__�___
<br /> . . . . . . � TYP � 6ranch� .
<br /> �� . . . . � � .. . . . . . � . . . . �.
<br /> M` O_ RTGAG E
<br /> � THIS MORTGAGE,made and executed this....��.................... day oF ....,.�.'�.e�:�xr,,.�.e.r _.... A.D., `
<br /> 19�._...,between the Mortgagor,:._23.i.clzars3.�....Pitcher..and..Di.ana..R__.Pi.tcher.,..hushand:-and._wi�e,
<br /> '; ._�.o.�.?�ti.�--ans_?..e.a�h..zn..:t.he.i:x..oc�n.xa._sht_.. --•-•-------- ---...----•............... ......:............ .. ....---._._----��---�-•----
<br /> i of._.::: G�a�xd_.i�land_.._.„ County of . .....:....Xa1z__.._..._._....,State of.�ehraslca_......,hereinafter referred
<br /> to as the Borrower; and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> LINCOLN,1235 "N" Street, Lincoln, Nebraska 68507., its successors and assigns, hereinafter referred to
<br /> y as Lender.
<br /> , WtTxFsssTx: That the said Borrower £or and in conaideration of the sum of . THrRTY FOUR.THOUSAND
<br /> ; SSX HUNDRED FIFTY AND NO/100--------------------------Dol:ars (US$.. .34,690.00 �
<br /> , ...:.._.._ ..----�---�---�................................ ... .............. . ... ...
<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 .............. ...H?�?.._._...._..., State of Nebraska:
<br /> ' I,ot Forty-eight (48), in Wolfe's Subdivision tothe C_ty of Grand Island,
<br /> ! Ha11 County, Nebraska.
<br /> y,
<br /> TocETi3Ee with all the improvements now or hereafter erected on the property, and all easemenks,
<br /> 5 rights, appurtenances, rents, ro,yalties, 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, includ.ing replace-
<br /> ments and additions thereto, shall be deemed to be and remain a part of the property wvered 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 teasehold) are herein referred to as the "Property".
<br /> Borrower covenants that Borrower is lawfully seisad 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, subjec:t to any
<br /> easements and restrictions listed in a schedule ot exceptions to coverage in any titie insurance policy in-
<br /> suring Lender's interest in the Property,or (2) attomey's opinion of title fram abstract of title certified
<br /> by bonded abstracter.
<br /> PaovrnEo Ar,wnYs, and these presents are executed and delivered upon the following conditions,agree-
<br /> ments and obligations of the Borrower, to-wit:
<br /> The Borrower agrees to paY to the Lender, or order, the principal sum of 2HIRTY FOUR THOUSAND..
<br /> SIX HUNDRED.FIFTY AND NO/200------------------------- Dollars (US�...34,650 00 �
<br /> .--�-- --- ----� ----...---�--�----�-------�--�----.....-�------ �--...._....---
<br /> payable as provided in a note executed and delivered,concurrentl,y herewith, the final payinent of principul,
<br /> if not sooner paid, on the.....�irst_ ...___._ day of....9etober...,., ., _.._, �_20.p6
<br /> UNiFoanz CovExANTs. Borrower and Lender covenant and agree As follows
<br /> 1. Payment of Principal and Tnterest. Borrower shall promptly paY when due the principal of and in-
<br /> tierest on the indebtedness evidenced by the Note, prepay�nent and late charges as pruvidecl in ttie Note,
<br /> and the principal of and interesY,on any Future Advances secured by this Mortgage.
<br /> 2. Funds for Taxes and Insurance. Subject to Lender's option under paragraphs 4 and 5 hereof, Bor-
<br /> rower shall pay to Lender on the day monthiy installments of principa(and interA�t Are payable under the
<br /> Note,until the Note is paid in full, a sum (herein "Funds") equat to one-twelfth of the }*eariy ta�.es and
<br /> assessments which may attain priority over this Mortgage, and ground rents on the Property, if any plus
<br /> one-twelfth of yearly premium installmen�s for hazard insurance, plus one-twelfth of yeurly premium in-
<br /> stallxnents for mortgage insurance, if any, all as reasonably estimated initiallv and froin time to time bV
<br /> Lender on the basis of assessments and bills and reasonable estirnates thereof, Lender shall appiy the Funds
<br /> to pay said taxes,assessments,insurance premiums and ground rents. Lender sliall make no charge for so
<br /> hatding and applying the Funds or verifyiug and �uiii�iling �ai�3 asae5sui�nta anil bilis. The Len1�•r�liail
<br /> giye 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 Funds are pledged as additional
<br /> security for the sums secured by this Mortgage. The Borrower 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 . j
<br /> , from its own funds and the Lender shaIl not be liable for interest or dividends on such Funds. _.,:. yy�",'` . .S
<br /> If the amount of the Funds held by Lender,together with the future monthly installments of Funds x, ' .;. �{
<br /> � pa,yable prior to the due dates o£taxes, assessments, insurance premiums and ground ren�s, shall exceed
<br /> the mmount required to gay said tases,assessments,insurance premiums and ground rents as they fall due, ��:�
<br /> such excess shall be, at Borrower's option;either promptly repaid to Borrower or credited t� Borrower on �
<br /> .� ,. �
<br /> monthly installments of Funds: If the amount of the Funds held by Lender shall x�ot be sufficient to pay --
<br /> taxe�,`assessments, insurance'preiniuzns'and ground rents as they fall dt�e, Bcrre�ser shall gay to Le^der "
<br /> any amount necessary to make up the defic,iency within thirty day�after notice from Lender tn R�rrc�wer �
<br /> requesting payrnent thereof,'or Borrower shall, by an increase in monthly installments of Funds required, "�°
<br /> repay.the de$ciency within the Fund accounting period_
<br /> Upon papment in fuil of all sumc secared bv thic Mortgage, T,Pn�IAr�hall apply Fnn�1ti hel�l ac a credit.
<br /> r against all sums due. `
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