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<br /> IfVDIVIDUAL
<br /> DUE ON SALE
<br /> t�R�' OPTIONAL FUTURc ADVANCES
<br /> C� SAVINGS FUND
<br /> �� � FORm No:720 �
<br /> �, �NC�t-N ` Loan Number-_ 34781-- -T88 _--B l��h
<br /> 77- UU5703 :
<br /> � 1ViORTGAGE
<br /> THIS MORTGAGE,made and executeil this l day of �G�-��'�:: : __.:.. A.D.,
<br /> 19_..7.7__.. between the Mortgagor Harold T Fick_,and.Elizabeth.M.. Fick,_.k�ysk�zld ,3A,d wi�e _
<br /> ; 3oint�y and each dn their own "right� ___._,_._ ......... .. .. ::........_
<br /> , ...._ -
<br /> of_. Grand Island . County of ._.... Ha11_„ _.,,__.,,State of Nebraska_,_.__._,hereinafter referred
<br /> to as the Borrower, and the Mortgagee, FIRST FEDERAL SAUINGS AND LOAN ASSOCIATION OF
<br /> L:INCOLN, 1235 "N" Street, Lincoln, Nebraska 68501,its successors and assigns, hereinafter referred to
<br /> as Lender.
<br /> WrrNEssETx: That the said Borrower for and in consideration of the sum of_:.�0&..TY..EI�73T..TH(IIISAND
<br /> I; SIX.HUNDRED,;AND_NOf_100----------------------r.---rr..---Dol:arsCUS$--.--4$.bDA...OD :..---------•) ?;
<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 . ..._._ki�7.J. ....:...:............_:.., State of Nebraska: '
<br /> Lot Eleven (11), in Le Heights Third Subdivision,
<br /> part of the East Half' Northwest Quarter {E2NW,i—,) of �'
<br /> Section Eleven (11), Township �leven (11) North, ,
<br /> Range Ten (10), West of the 6th P.M., Ha11 County,
<br /> Nebras}sa.
<br /> TocETxEa 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, inctuding 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 covenanis 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 witl
<br /> warrant and defend generally the title to the Property against all claims and demands, sUbject to any
<br /> easements and restrietions listed in a schedule of exceptions to coverage ia any title insurance policy in-
<br /> suring Lender's interest in the Property, or (2) attorney's opinion of title from abstract of title ce;tified
<br /> by bonded abstracter.
<br /> FaovtnEn ALwnYs, 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 FORTY.,�I�F(�..�.�IOUSA1Qll_._
<br /> SIX HUNDRED AI3D NO/100-------------------------------'Dollars (U3$:..48,600:.00.:..---.---- )
<br /> ._-----------.....----------�----�------�-�---�- �-----...._._. ..-------------..._...----- --�
<br /> payable as provided in a note executed and delivered,concurrently herec��th,the final payinent of principal,
<br /> ' if not sooner paid,on tlie.___..fisst.._....... day of__�C.tal�ex........ ....... ....._., P�Q.�
<br /> UxiFoxM CovExAxxs. Borrower and Lender covenant and agree as follows:
<br /> 1. Payment of Principal cmd 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 prir�cipal of and interest 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 monthly installanents of principal and interest are payable under the
<br /> Note, until the IVote is paid in full,a sum (herein "Funcls") eyual to one-twelfth of the yearly taxes and
<br /> assessments which may atGain priority over this Mortgage, and ground rents on the Property, if any plus
<br /> one-twelfth of yearly premium installments for hazard insurance, plus one-twelfth of yearly premium in-
<br /> stallments for mortgage insurance,if any, ali as reasonably estin�aied initially and from tune to time by
<br /> I�ncier on the basiG of a4sessmentc and hitls ancl reasonahle est,imates thereof, Lencler shall applv the Funds
<br /> to-pay said taxes,assessments,insurancepremiums and ground rent�s. I.ender shall make no charge for sa
<br /> holding and applying the Funds or verifying and compiling said assessments and bi11s. 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 bhe purpose for which each debit to the Funds was made. The b'unds 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 pa,y such items � '� i,,+'^
<br /> from its owr. funds and the Lender sha1T not be liable for interest or d'.vidends on such Funda "� ��'
<br /> k
<br /> , �' If the amount of the F'unds heldby Lender,together with the future rnonthly instaIIments of Funds %''��
<br /> payable prior to the due dates of taxes, assessments, insurance premiums and ground rents, shall exceed ;��.
<br /> � t�e amount,required to pay said taxes,asgessments,insurance premiums and ground rents as they fall due, s�*��
<br /> - such excess shall be, at Borrower's option;either pmmptl,y repaid to Borrower or credited to Borrower on
<br />� monthly installments of Funds. lf the amount of the Funds held by Lender shali not be sufticient to pay
<br /> , taaces, assessments, insurance premiums and grounci,rents as they fall due, Borrower sha]I pay 1;o Len¢er -'
<br /> any.amount aecessary to make up the deficiency within thirty days after notice from Lender to Borrower
<br /> requesting'payment thereof;or Borrower shall, by an increase in monthly installments of Funds required,
<br /> repa,y the deficiency within the Fund accounting period.
<br /> iJgon payment in full of ail sums secured by this Mortgage, Lender shall apply Funds held as a credit
<br /> � againet all sums due. �
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