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<br /> � INDN(DUAL
<br />_ ,,_ , � !.?UE ON SAL�
<br /> OPTIONAL FUTURE ADVANCES
<br /> ��F Y,/L�/'1L SAVINGS FUND
<br /> .I � � FORm No.720 � � .. .. . . ' �.
<br /> I.INCOLIV Loan Number__34Z44___-_1�$- -el�n
<br /> _ �'�`_�C)5818 � p R T G A G E
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<br /> ; THIS MORTGAGE, rnade and executed this.... ........�..._.._ .. day of ...�..�'�..v:�A.�c'--- A D.,
<br /> ' 19_.'T:1_,between the Mortgagor, ...:Sack:.G._Haml.etz:..and.Gz'�Z�h.en:.H,3ml,et�.,.:.�usband..and._wife____
<br /> _.:_ .,}oi.ntl�_.a.nd..ea..Cli z�a..�h��x_.o�. �'.iY�?�.---��--•--�..............
<br /> .. ._ ... - . .. ..... ...........•--
<br /> of _:_.Grand._Is.].and.:.__....., County of. :.,kI�I�7............._.... ...,State of..Nebraska __..,hereinafter referred
<br /> to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to
<br /> as Lender.
<br /> WiTrrEssETx That the said Borrower for and in consideratzon of the surn of35 6Q0 00�I�� ���� �
<br /> ' .;TfiOUSAND.SIX_HUNDRED.AND,NO/100-----_-.-----.---------.�ol.ars (US$......� .... .'......... .._ ....---:-)
<br /> paid by said Lender, does hereby mortgage, grant and convey t.o Lender, its successors and assigns, the
<br /> ; following described property located in the County of ._....Ha11...... . .. .......... ... State of Nebraska: '
<br /> ° ; Lot Nineteen (19), in Sass Second Subdivision, being located in
<br /> Section 14, Township 11 North, Range 9 West of the 6th P.M.,
<br /> Hall County,Nebraska.
<br /> [
<br /> TocEzt3Es with ail 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, wat<;r rights, and
<br /> water stock, and all fixtures now or hereafter attached to the propert.y, 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 /> iMortgage; and all of the foregoing, together with said property (or the leasehold estate in the event this
<br /> Mortgage is on a leasenold} ate nerein referred to as fihe "Property".
<br /> 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 Property against ali 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 /> suring Lender's interest in the Property, or (2) attorney's o�inion of title from abstract of title certified
<br /> by bonded abstracter.
<br /> PxovroEn ALwAvs, and these presents are executed and delivered upon the following conditions,agree-
<br /> ments and obligations of the Borrovver, to-wit:
<br /> The$orrower agrees to pay t:o the Lender, or order, Che principal sum of _.1�IIxTX__ELV.�._TfiOLiSArTD_
<br /> , ? --S-IY--HU�+II1RE11-AND--DTO/-1D.Q--r-----r.rr.-cr--.-r.rr.--r.---rc-r...Dollars (US�._.�5,,.600,,.0.,9_... ...... ....)
<br /> payable as�rovided in a note executed and delivered, concm�rent]y herewit.h,the final payment:of principal,
<br /> i if not sooner paid,on the................1s:�...., da,y of....._..October �g 2006
<br /> UxiFoeM Cov�:Nnx7•s. Borrower and Lender covenant and agree as follows:
<br /> 1. Payment of Principal and Interest. Borrower shall promptly pa,y 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 of and interest on any Future Advances secured by this DRoatgage.
<br /> i 2. Funds for Taxes and Insur�ce. Subject to Lender's option under paragraphs 4 and 5 hereof,Bor-
<br /> 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-tweifth of the yearly taxes and
<br /> i assessments which may attain priority over this Mortgage, and ground rents on the Property; if any plus
<br /> i one-twelfth of yearly premium installments for hazard insurance, pius one-twc:li'th of yearly premium in-
<br /> stallments for mortgage insurance, if any, all as reasonably estimated initially and from time Co time by
<br /> Lender on the basis of assessments and bills and reasonable estimates thereof,Lender shall apply thF Funds
<br /> to pay said tax�s,assessments,insurance premiums and ground rents. Lender shall make no charge iur so
<br /> holding and applying the Funds o�r verifying and compiling said assessments and bills. 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 ta the Funds was made. The Funds are pledged as additional '
<br /> secuTity for the sums secuzed by this 114ortgage. The Borrower agrees that t.he Funds rnay be held by the ,_.,,� ��t
<br /> '- Lender and comcningled with other funds and the Lender's own funds and the Lender may pay such items ._--m �
<br /> G from its own funds and the Lender shali not be liable for interest or dividends un such Funds. ,, .. � ,��+"`
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<br /> I� If the amount of-the Funds held by Lender,together with the future monthly installments of Funds ..,.:ry ..
<br /> ` ' payable prior to the due dates of taxes, assessments, insurance premiums and ground rents, shail exceed ��_�
<br /> the amount required to pay said tases,assessments,insurance premiums and ground rents as they tall due,
<br /> such excess shal2'be;at Borrower's option,either promptly repaid to Borrower or credited to Borrower on
<br /> monthly installments of Fund�. If the amount of the Funds held'r�y I.enuer siiall noL'ue sufi'icient to pay'
<br /> taaes, assessnients iiisurance pi°rmiur.i� aird gxou��cl rex7fs as they fall due, Barracrer sh�ll pa5� to Ler.der �
<br /> any amount necessary to make up the defiriency wnthin thirty days after notice from Lender to Borrower
<br /> requesting payment thereoi, or Borrower shall by an increase in monthly installments of Funds required,
<br /> repay the deficiency within the,Fund accountine penod. �
<br />' � Upon payment in full of all sums secured by this Mortgage,Lender shall apply Funds held as a credit
<br /> , �; a�ainst all sums due. �
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