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<br /> IfVDIVIDUAL •
<br /> DUE ON SALE
<br /> �RST , �PTIONAL FUTURE ADVANCES
<br /> �AL SAVINGS FUND
<br /> t�V«� FORM NoJ20
<br /> ( �..�NC�. Loan Number__ 34631__-_Tya S8-_B.al h
<br /> : , 77- [a056�8 n� o R T � a � E
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<br /> ; THIS MORTGAGE,made and executed this._....._ �--p��-e.•-,�''e".....__ A.D.,
<br /> v�:� ----.. _..... day of ...._....--�---
<br /> 19-----•77 between the Mortgagor,--.AaJ.e::�._::&a1.7.aas...a:.s:Cng1.�:.ge.z�an...ansi..J�att�X-.,A...:Ho-pe;--a------
<br /> ; �i�gl�:.Pe��s�,:.3c?�n�.�.y.:and..��v�.x��,ls...�nd...eask�..�n.._�h��x...szc�r�a_.rigla�..-�--------�----------•�- �--------•-
<br /> ;: of--,-Grand Island„-.------> County'of..::..........HaZ.�...:._--...---,State of_...I4eb_�a�ka----...,hereinafter referred
<br /> to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> LINCOLN, 1235 "N" Street, Lincoln, Nebraska 6$501, its successors and assigns, hereinafter referred to
<br /> as Lender.
<br /> � WtTNEssETx: That the said Borrower for and in consideration of the sum of ..T�?ENTY THREE THOUSAND
<br /> k` AND NO/100 ----------------------------------------- � 23 000 00
<br /> . .......... ...............�•-------�•--�------...._......_...--�----•�--•-�---...-----..._....._...__Dol,ars (US$-----...�_ .. .... ._...:..)
<br /> ` paid by said Lender, does hereby mortgage, grant and canvey to Lender, its successors and assigns; the
<br /> a following described property located in the County of _Hall ...., State of Nebraska:
<br /> Lot Sixty (60), West Heights Addition, an Addition to the City of
<br /> Grand Island, Hall County, Nebraska.
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<br /> TocETx�x with all the improvements now or hereafter erected on the property, and all easements,
<br /> rights, appurtenances, rents, royalties, minerai, 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 /> ,s Borrower 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 /> `3 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 titie insurance policy in-
<br /> suring Lender's interest in the Property,or (2) attorney's opinion of title from abstract of title certified
<br /> by bonded abstractea -
<br /> PaovinEn ALwaxs, 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 ,�hTEIVTX_..THBEE_.THOtI3ANIl
<br /> , ; ._AIID_NDI.-1Q4----r.-.----r..-----.-------c-----r.-.--------r.--�ollars (US$---.23.>OQQ,AD._:. _. .:)
<br /> payable as pmvided in a note executed and delivered,concurrently herecvith, the final payment of principal,
<br /> '� if not sooner paid,on the _....:..._1st_.._.__,. day of ...__..October___________ ________� }�_�OQ6
<br /> � UxiFoxM CovExaxTs. Borrower and Lender covenant and agree as follows:
<br /> 1. Payment of Principal and Interest. Borrower shall promptly pay when due the principal of and in-
<br /> terest on the indebtedness evidenced by the Note,prepayment and late charges as provided in the Note,
<br /> and the principal bf and interest on any Future Advances secured by this Mortgage.
<br /> 4 2. Fuads foz Taxes<md Insurcmce. Subject to Lender's option under paragraphs 4 and 5 hereot, Bor-
<br /> s rower shall pay to Lender on the day monthly installments of principal and interest are payable under the
<br /> Note, until'the Note is paid in full, a sum (herein "Funds") equal to one-twelfth of the yeariy taxes and
<br /> assessments which may attain priority over this Mortgage, and ground rents on the Property, if any plus
<br /> one-tcvelfth of yearly premium installments for hazard insurance, plus one-twelfth of yearly premium in-
<br /> atallments for mortgage insurance, if any, all as reasonably estimated initially and from time to time by
<br /> Lendet on the basis of assessments and bilLs and reasonable estimates thereof, Lender shall apply the Funds
<br /> ta pay said tases,assessineuts,u�suran�:e prexniums and ground rent.s. Lender sl�all mai:e no charge for so
<br /> holding and applying the Funds or verifynng and compiling said assessments and bills. The Lender shall
<br /> give to the$orrower,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 /> secunty for the sums secured by this Mortgage.The Borrnwer agrees that the Funds may be held by the ''
<br /> Lender and cotnmingled with other funds and the Lender's own funds and the Lender may pay such items ="���-�' ,�W ���:�"
<br /> from its own funds and`the Lender shall not be liable for interest or dividends on such Funds. �'� �w�
<br /> � I#the aznoiant of the Funds held by Lender,together with the future monthly instailments of Funds ��;�'
<br /> payable-prior to the due+dates of taxes, assessments, insurance premiums and ground rents, shaII exceed r,�""� `
<br /> ' the amount required to a said taues,assessrnents,insurance remiums and ^'�
<br /> P Y p ground rents as they fall due, ; .,� '
<br /> ; such excess shaIl be,at Borroae.-'s eption,either prompt:y repafd to Borrnwer pr credited to Borrower on s�.�;
<br /> nnnnt;hly installments,o# �unds. If the attxouat of tZ:e Funds held by Lender sha21 not be sufficient to pay '. ; .,;,
<br />� ' taxes, assesaments, insurance premiumR and gmund rer_ts as they fall due, $ormwer shall pag� ta Lender
<br /> any smount necessary to make up the deficiency within thirty days after notice from Lender to Sorrower
<br /> requesting payrnent thereof, or Borrower shail, by'an increase in monthly instailments 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 shali apply Funds held as a credit �
<br /> iagainst all aums due.
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