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<br /> 1f�tD�VIDUAL •
<br /> D1.3E ON SALE
<br /> ���'�"' OPTIONAL FUTURE ApVANCES
<br /> ) :'>AVWGS FlJND
<br /> �����t" � FORM N0.72O ' ' � � �� � �
<br /> fL��Ca`N Loan Number__�4Z2�_�_'=-188_ -�_1_::_
<br /> . � . ... .. . . TVPe.� Bransn � �. , .
<br /> � 7�C�U�831 `
<br /> .;{ MORTGAGE � "
<br /> �. ;
<br /> � THIS MORTGAGE,made and execnted this .._..:..Lst. .....:......... day af_..:.,.�.�.:�.a�ner..---•---.. A.D., (.
<br /> ;. .� 19.77::,between the Mortgagor,..--•-:�?�'-.W_:.Oste�p!�i��..a�pd.:�;��lY---�....9�.t�Xto�:�.ex,..7au&i�amd.:_:_ � '
<br /> $ and, wife, �ointly and___each,_:in their own rig.ht , .. .,:.:__ ,, ;
<br /> , .. .-- .... .. ...... -
<br /> ,: k of.Grand Islaad. ____._:... County of:;:.Hall; ..__._. ;. ..___,State of:.�T�b�:a&�a......a;,hereinafter referred
<br /> to as:the Bort�ower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION-OF
<br /> ). LINCOLN; 1235 "N"`Street, Lincoln,Nebzaska 68501, its suceessors and assigns,hereinafter referred to
<br /> <
<br /> i� as Lender_
<br /> ; WiTxEssETx: That the said Borrower for and m consideration of the sum of ��Ix`1 1YiREE gIQUSAND ` :
<br /> ; ...._FOUR,_I_iUNDRED AND NO/100 ..........: ..••-. ---.---...--DoL'ars (US$. 23,,400 00 ::: ..
<br /> ....::�.) � � '.. �
<br /> � - �--- -------- ----�--�- -------- -
<br /> ; s paid by said Z.ender, does hereby mortgage, grant and convey to Lender iis successors and assigns; the '
<br /> ` � ' following described property located in the County of ..._......Ha11 _,_:., State of Nebraska: '
<br /> . -._.......
<br /> , ; `'
<br /> tLot Nine (9),` B1ock Nine (9), in Schimmer's Addition to the City of Grand
<br /> � SsZand, Ha11 Cou.ntY, Nebraska. � '
<br /> k � . .. . . . . . . � .. � .. . ..
<br /> �5 . � . .. � . . . . .� . � . . � � ..
<br /> � . . . � . . . . � .. . ' . � � . .
<br /> ? TocETxEa with all the improvements now ar herea#ter erected on the property, and all easements,
<br /> � rights,'appuctenances, rents, r�yalties, mineral, oil and gas rights and profits, water, water rights, and
<br /> s water stock,and all fixtures now or hereafter attached to the property, all of which, including replace- �
<br /> a ments and additions LHereto,shall be deeme�l 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 u leasehold) are herein referred to as the "Property". ;' : l
<br /> ` ,� Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right �
<br /> { , to mortgage, grant and convey the ProRerty,that the Property is unencumbered, and that Borrower will
<br /> warrant anc� defend generally the title to the Pmperty against all 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 /> I suring Lender's interest in the Property>or (2) attorney's opinion of title from abstract of title certified
<br /> ' by bonded abstracter. "
<br /> � � ' PxovznEn ALwnsrs, and these presents are executed and delivered upon the following conditions,agree-
<br /> ' � ments and obligations of the Borrower, to-wit: '
<br /> ,i � �
<br /> � The Borrower agrees to pay to the Lender or order the pnncipal sum of.�NT3C,.THREE.TSQUSANIl
<br /> § _..3?OI�i..I��'+'.D..4#A?P.."�`1Q�1�Q_ ...""" """" .. ._..,.." ' ""'_^..DOIlATS �U.�'i. vei--��aL}OQ.00."" """' �
<br /> � payable as provided in a note executed and delivered,concurrently here�vith,the final payment of principai,
<br /> , if not sooner paid,on the _>::lst --,---_---.: day of--.---.October....... ... ........ �g:--2006
<br /> UxiFaaM CovExnxxs. Borrower and Lender covenant and agree as foilows:
<br /> ' L Payment of Principal and'iaterest. 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 /> ..
<br /> and the principal of and interest ori ariy Future Advances secured uy this l�+[art.gage.
<br /> � 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 instaliments of principal and interest are payable under tlie
<br /> � Note,'vntil the Note is paid in full,a sum (herein "Funds") equal to one-twelfth of the yearly taxes and
<br /> assessments which may,attain priorit,y over this Mortgage, and ground rents on the Property, if any plus
<br /> '' one-twelfth o£yearly premium installments for'hazard insurance, plus'one-twelfth of yearly prernium in-
<br /> stallments for mortgage insurance,if any, all as reasonably estimated initialls• and from time to time by
<br /> _ T.encier on the basis uf assessments and bills and reasonable estimates thereot,Leiider shall apply ttxe Funcls
<br /> , � to pay;,said taxes,assessments, insurance premiums and ground rents. Lender shall maKe no ciirzrge for so
<br /> �;, holding and applying the Funds or verifying and compiling said assessments and bills_The Lender shalI
<br /> give to the$orrower,without charge,an annual accounting of the Funds showing credits and debits to the k
<br /> Funds and the purpose for which each debit to the Funds was made. The Funds are pledged as.additional
<br /> ' security far the'snms secured by this l�Iqrtgage. The'Borrower agrees that the Funds may be held by the ' �.
<br /> „.t Lender snd commingled with other funds and the Lender's own funds and the Lendermay pay such items ~`;�,�� �� �,�'
<br /> a, 'from its own funds and!the Lender shall nat be liable for interest or dividends on such Funds_ - �,.
<br /> _ � , .
<br /> � If the amount af the Funds held by I.ender,together with Lhe future monthly installments of Funds �; ,�r'�,
<br /> 1310. nr ±n thc,..��1P�ia#,�.a;af�taxes.-assessments. insurance'�.premiums and.ground�rents sha2i exceed ��
<br />� � the amount reQuued to pa}%said taxes,assessments,insurance prenuums and grnuna rci�w� �i.�y �a:;,.�, _ *' ' _
<br /> such escess shall be, at'Botrower's option, either pzomptly repaid to Borrower or credited to Borrower on +`�
<br />� mqnthty installm�nts of Fundb. li the amoun'L ox ii3e C uncia neiu Ly i.eu.ior s,`.a'.....L".a�suf�ui;:r.t to pay _
<br /> taxes, assessmc;nts,i.asu..^ance gram3ums`a..�d grnuad rents as tkzey fal2 �'uc,Sor.^o��cr s.�all pa3•te Len�er ��; °
<br />� any a:nount'necessary tv make',up tne r.'efici�-.cy c�i;,tiiu t3sirty`days sftar r.otaes from L,ender to Borrower
<br /> requesting paymez�t thieseai, or &orxower shail„yy arx i�er�,se�n manth?y insta�?TM:ents of Funds required,
<br /> , repay the deficiency within the Futtd accoa�ti,-tg geriod.
<br /> � Upon payment in fuli of ali sums secured by this Mortgage,I,ender shall apply Funds held as a credit ' '
<br /> � against all sum�c�ue_
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