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<br /> INDIVIL�UAL �
<br /> ' tS:lE ON SALE
<br /> �'�S''' OPTIpNAL FUTURE ADVANCES
<br /> �pA� SAVINGS FUND
<br /> ` �'/'1 FOen� N0.720
<br /> I.INCOLN _
<br /> � Loan Number__34720--- - 188- --B.al�h
<br /> 77- (?.�57Q2 M O R T G A G E
<br /> � THIS MORTGAGE,made and executed this ..:_....'h.�,G�_...__..... day o£ .. :�i�G,r.��_.....A.D,,
<br /> , 1��...
<br /> 19...:77..,between the Mortgagor, .Rob���:..�t.,_.Q.uza�la_aztd..MaxgazQ.t.A..._Qurada,...hushand..and..zaife, ;
<br /> � joinGly and:each__in :their own__right-�--��-•-------�---..........:....................................•:..:._......: .;.,--�--��- .
<br /> ..... .
<br /> � of..Grand._Island,.___.._ .�County of .:..Hall..; .,,_ _ State of:....Nebzaska__..:,hereinafter referred
<br /> - - -�----.... ,
<br /> to as the Borrower, and the Mortgagee, FIRST FEDERALSAVINGS AND LOAN ASSOCIATION OF
<br /> LINCOLN, 1235 "N" Street, Lincoln,Nebraska 68501, its successors and assigns, hereinafter referred to
<br /> as Lendea
<br /> � WiTN sssETx: That the said Borrower for and in consideration of the sum of :NINETEEN_.THOUSAND_
<br /> � AND NO/100------------------------------------------Dol:ars (IJS$-:19_,000
<br /> ;i --�---.._ ... _.._.........................._._....... --�--� 00...... ...:..J
<br /> . .._ ........ .............��- -
<br /> paid by said Lender, does hereby mortgage, grant and convey to Lender, its,successors and assigns; the
<br /> s,", following"described property located in the County of .._....._Hall .., State of Nebraska:
<br /> .. ................ .-
<br /> �
<br /> � ,;
<br /> ' Lot Two (2), B1ock Eleven (11), in Gilbert's Second Addition to the City
<br /> of Grand Island, Ha71 County, Nebraska.
<br /> - , _ ;
<br /> },
<br /> � ToceTxEa with all the improvements now or hereafter erected on the property, and all easements, j
<br /> � rights, appurtenances, ren�s, royalties, mineral, oil and gas rights and profits, water, water rights, and j
<br /> : water stock, and all fixtures now or hereafter attached to the property, all of which, including aeplace-
<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, grant and convey the Property, that the Property is unencumbered, and that Borrower wiil
<br /> v
<br /> 4 warrant and defend generally the title to the Property against aIl claims and demands, subject to any
<br /> ' easements and restrictions listed in a schedule of exceptions to coverage in any title insurance policy in-
<br /> �' � surin Lender's interest in the Pro ert or
<br /> a g p y, (2) attorney's opinion of title from abstract of title certified
<br /> ' by bonded abstracter.
<br /> Paovin�n Ar.wnYs, and these presents are executed tznd 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..NINETEEN THOUSAND AND
<br /> '' _.I�IQ/._1.9.Q------c----cr -----------------------.---rpollars (US$-.19:„QOD...QQ-..:.. ..._.....)
<br /> ........... .....•--�----..,._ .. ...,..-------•----••--�-
<br /> � payable as provided in a note executed and delivered, cancurrently herewith,the final�>ayment of principal,
<br /> ; if not sooner paid,on the ......_lst:,_._:._._ day of.._..,.October
<br /> ......... ......... ...... is,97.:,. _
<br /> � UxtFoxNz CovENnxTs.Borrower and'Lender covenant and agree as foliows
<br /> 1. Payment of Principul and Interest. Borrower shall promptly pay �;�hen due the prineipal of and in-
<br /> terest on the indebtedness evidenced by the Note, prepayment and late charges as provided in the Note,
<br /> and t13e principal of and interest on any Future Advances secured by this Mortgage.
<br /> 2. Funds for Taxes and Insuraace. Subject to Lender:s option under partzgraphs 4 and 5 hereof,Bor
<br /> rawer shall pay to Lender on the day monthly installments of principal and interest are payable under the
<br /> � Note, �ntil the Note'is paid in fttll,a sum (herein"Funds") equal to one-twelfth of tlie yearly taxes and
<br /> assessrnents which may attain priurity over this D7ortgage, und ground rents on the Property, if any plus
<br /> one-twelfth of yearly premium installments for hazard msurance, plus one-trvelfth of yearly premium in-
<br /> stallments for mortgage insurance, if any, all as reasonably estimated initially and from time to time by
<br /> t Lender on the hasis of assessments and laills and reasonable estimates thereof, I.ender shall apply the Funds
<br /> to pay said taxes,assessments,insurance premiums and �raund rents. Lender shall mal;e no charae for sn
<br /> holding and applying the Funds or verifying and compiling said assessments and bills. The Lender shatl
<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 Funds are pledged as additional s
<br /> security for the sums secured by this Mortgage. The Borrower agrees that the Funds may be held by the
<br /> I.ender and comrningled with other funds and tho Lender's own funds and the LendeT may pay such itiems � �,
<br /> from its'own funds and the Lender shall not be liable for interest ordividends'on such F�inds. ` r�� " s�=''
<br /> If the amount of the E�nda-held by Lender,together with the futiu�e monthiy installments of Funds �'" � �:°.=
<br />; � payable prior to the due dates of taxes,:assessments, insurance,premiums and ground rents, shall exceed ���;{
<br /> the amount required to�iay said taxes,assessments,insurance,premiums and ground rents ax they fall due, t���i.�
<br /> such excess shall be, at Borrower's option,either px�omptly repaid to Borrower or credited to Borrower on � „
<br />; monthiy instal3ments of Fvnds. If the amount of the Funds held by Lender shall not be sufficient to pay ` - .
<br /> tazces, �bsessments, ineurance premiums and ground rents as they falt due, Bormwer shall pay to Lender
<br />� any a�ount nece:sax5-'to rnal;e up the deficieney wittiin tlur£y days aff,er notice ironi Lender to Borrower
<br /> requesting payment thereof, or Bormwer shall, by an increase in monthly installments of Funds required,
<br /> repay the deficiency within the Fund accounting period:
<br /> Upon g�;,*ment in full of a12`sums securecl by tliis 1�turi,gage,I.Cu�ei•�hall ap�ly Funas held as a urediL
<br /> against all snms due. �
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