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<br /> INDIVIDUAL
<br />' DUE ON SALE
<br /> � Fl�'i' OPTIONAL FUTURE ADYANCES
<br /> �t�pA� SAVINGS FUND
<br /> « R��� FORM No.720
<br /> r �..1N���.N 34574 —188 —1
<br /> Loan Number-------------------—---
<br /> � � . � . .. . .. . .. � . TYPe� � �� Brarrcn
<br /> ' %/�- �.�;,����� � � R � .�.9 A � �
<br /> ; TFiIS MORTGAGE,made and executed this :......_ ..�p......... ....__.. day of._..�� .:.�.......::_._.: A.D., `.
<br /> 19.�7..:_,between the Mortgagor :.Rodney C..,Fiddellce:and Connie Jo Fiddelke.,_,_husband and.__
<br /> ; wife ,7ointly and each 3.n their own right -----------------
<br /> ---------------------
<br /> ---• --•� .. ...............-------. ..--- -�---...--•- --�-------.......--�--...----.........---...._._........_.....-•--••------
<br /> ` of:Grand Island : : � County of ?�il .._..._.......,State of .,Nebraska, .,hereinafter referred
<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 Lender.
<br /> ' WtTxEsssTx That the said Borrower for and in consideration of the surn o�HIRTY._SIX THOUSAND_
<br /> NINE HITNDRED AND I30/100-------------------------- , 36 900 00
<br /> --------• � ----�--. .........._.....................��--•-----�--------�--��-�--�-----...----------.....Dol.ars (US$------- .-.�...--•r - --..._....) ,
<br /> paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br /> , following described property located in the County of:_...._Hall State of Nebraska:
<br /> Fractional Lot Six (6), in Block Twenty (20) in Kernohan & Decker's Addition
<br /> to the City of Grand Island, and its complement, to-wit: Fractional Lot Six
<br /> (6) in Block Twenty (20), in Palmer's Subdivis:ion to the City of Grand Island,
<br /> Hall County, Nebraska.
<br /> �
<br /> TocETxE$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, inciuding replace-
<br /> ments and additions thereto,shall be deemed to be and remain a part of tl�e property covered by this
<br /> % Mort a e; and all of the foregoin toeether wi#.h said <� er ths!eas�hcld es:at� in Lhe z�ant th:s
<br /> g g g, propert� {
<br /> Mortgage is on a leasetiold) are herein referred to as the "Property".
<br /> i Borrower covenants that Borrower is lawfully seised of the estate hereby conve,yed 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 Pmperty against all claims and demands, subject to any
<br /> F easements and restrictions listed in a schedule of exce tions to covera e in an title insurance
<br /> p g y 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 ahstracter.
<br /> `PaovinEn ALWAYS, and these presents are executed and delivered upon the following conditions,agree-
<br /> ments and obligations of the Borrower, to-wit:
<br /> � The Borrower a reestQp a to the Lender,or order the principal sum of THIRTY SIX THOUSAPID
<br /> ; ' DTlNE HUAIDRED ANDgNo/lOU 3-------------------=------ 36 900 00.� .........
<br /> ...,-•- •-�----•--�--------------•-�----.._ ...--•---•---•------- -----�---__.. ......._.._..Dotlars (US"�'.-.-..--+......r.......... )
<br /> _......_.
<br /> ^ pa,yable as provided in a note executed and delivered, cancurrently herea�ith,the final payment of principal,
<br /> if not sooner paid,on the ._......lst ,_, aay of....._....October l�gzc 2006
<br /> � .. ._._._. .....
<br /> �g
<br /> UxiFoan� CovExnx�s. 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 providetl in the Note,
<br /> and the prineipal of and interest on any Future Advances secured by this Mortgage.
<br /> 2. Funds for Taxes and Insur�ce. Subject to Lender's option under paragraphs� and 5 hereof,Bor-
<br /> rower shall pay to Lender on the day monthiy 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 t.he yearly taxes and
<br /> assessments which may attain priority over this Mortgage, and ground rents on the Property, if any pius
<br /> ; one-twelfth of yearly premium installments for hazard insurance, plus one-twelft,h of yearly premium in-
<br /> stallments for mortgage insurance, if any, all as reasonably estimated initially and from time to time bv
<br /> Lender on the baeis'of assessrnents and hill�and rea�onable e�timflte� thereof,Lender sh:�ll sp�lg�the Fund�
<br /> ;s to pay said Qaxes,assessments; insurance premiums and ground rents.Lender shall make no charge for so
<br /> holdittg and applying the Funds or verifying and compiling said as,sessments and bilis, 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 Funds are pledged as additional
<br /> security for.the sums secured:by.this Mortgage: The Borrower agrees that the Funds rnay be held by the �� ;
<br /> Lender and commingled with other funds and the Lender's own fi.inds and the Lender rnay pay such items � � '
<br /> from its own funds and the Lender shall not be liable for interest or dividends on such Funds. S.''
<br /> { '`•rn�z� ..
<br /> Zf the amount of the Funds held by Lender,together with the future rnonthly installments of Funds ,�,�w�,�
<br /> 1 payabie prior to the due dates of taaes, assessments, insrarance premiums and ground rents, shail exceed ;,,�„;
<br /> . � the amount required to pay said taxes,aeses�ments,insurance premiums and ground rents as they fall due, �,:: *;
<br /> such excess &hall be, at Borrower's option;`either pmmptly repaid to Borrower or credited to Borro�ver on
<br /> • ,,, .
<br />� mvnthly instalIments of Funds. If the amount of the Funds heId by Lender shall not be sufficient to pay ' " ,
<br /> , taaes,'a;ses.yx�ente, insurance premiums and ground rents as they fall due, Borrower shall pay to Lender �` �
<br /> .,-
<br /> any amount necessary-to make up the deficiency within thirty days after notice from Lender to Borrower
<br /> request�ng payment thereof, or Borrower shall;bv an inrrPaQe a•• _:r±�l•,=��a+���--��-�s ��z'•--' .�Yuireu, '
<br /> re�ay,the t32ua�ency wiinin ine �vnd accounting�rind. -_•-___._._,.. ��,.,..,
<br /> Upon payment in full of ail sums secured by this Mortgage,Lender shall apply Funds held as a credit �
<br /> against all sums due.
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