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<br /> iiYDNIDUAL-;
<br /> DUE ON SALE � �
<br /> ' � � OPTIONAL FUTURE ADVANCES
<br /> $ SAVlNGS FUND
<br /> � �CV�R/1 �ORM N0.720 ,�.,
<br /> }('�, �'�0�� Loan Number----34722_-___1sB-_-�,-- '
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<br /> � � �� Cl�t��i�.cro . � � � ��
<br /> ,. 7%'- M O R T G A G E _., ' '
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<br /> � THIS MORTGAGE,made and executed this ._.._:. �._.:.. ...... day of._....CO�.'t.o_�e.r. .._... A.D., ;,
<br /> � a9...-T.7...,between the Mortgagor,_._�.b��t...L2.---AZmguzst..and..Mazcia.K_..AZmguist,..husband..and...- ;
<br /> ;'. ....�t'�:�e.�._.7o z n.t..Zy-:s3zzd_.e,3.c.h..ztz.�khea.x::awzz:.xzg'.tzt.,. . ...._ .=
<br /> --••-----��----�----�----------•--•-----••......... ......: ........
<br /> � ; of...._` Grancji�is,�and._..,.� County of: _:.:.:.:.FiaZZ..:.... :.:....State of..rlebraslca..... .,hereinafter referred ; ;
<br /> i to as the Borrower; and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> + LINCOLN, 1235 "N" Street,Lincoln,Nebrasi�a 68501, its successors and assigns, hereinafter referred to `
<br /> : k as Lender. � ; ;.
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<br /> W[T1vEssETx: Thp t the said Borrower for and in cpnsideration of the sum of,:THSRTY_EIGHT..THOUSAND
<br /> ` SIX XUNDRED AND NO/Z00---- ------------------------- � 38 600 00
<br /> � ., --•-�.. .. . .....:.. �-------- .._.: ......__.._....----.......__ ..---��-----�-------�--Dol,ars (US$-.. _ ...) `
<br /> ' paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br /> - � foilowing desciibed pmperty located in the County ofHa11 : : , State of Nebraska: '
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<br /> � I,ot Twenty-two (22), Western Heights Subdivision,'Ha11 County, Nebraska.
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<br /> � ' fiocE'rxEe with all the improvements now or hereafter'erected on the property, and all easements,
<br /> � rights, appurtenances, rents, aoyalties, mineral, oil and gas rights and profits, water, water rights, and
<br /> water stock, and ail fixtures now or hereafter attached to the property, ail of which, including replace-
<br /> # ments and additions thereto, shali 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 /> F 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 will
<br /> i wanant and`defend.generally the title to the Property against ail claims and demands, subject to any
<br /> easements and restrictaons listed in a schedule of exceptions to coverage in any title insurance policy in-
<br /> suring Lender's interest in the Property, or (2) attoaney's opinion of title from abstract of title certified
<br /> � y by bonded abstracter.
<br /> . � PROV3DED�`l�LWAYS, &riC� t}1662.pIOS@ritS 3TC executed and delivered upon the following�conditions,�agree-�
<br /> ments and obligations o£ the Borrower, to-wit:
<br /> � The Borrower agrees to pay,to the Lender, or order, the principal sum of _ THIRTY_,ES�,F��,.TH.Oi1&AACD
<br /> � SIX._HUNDRED_AND_NO/100------ ------------------------'�ollars (US �....38.,600..�9.. ..._--��-��
<br /> ...-------�-------------------------- ---
<br /> payable as provided in a note executed anci delivered,concurrently herewiCh,the final payment of principal,
<br /> � % if not sooner paid,on the.....:�a...r.s�..::-._--- day of----•--Q�t9b.e.x:......... .. ....._., 17929.0�
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<br /> LTrriFoxNt CovExwxTs. Borrower and Lender covenant and agree as foliows:
<br /> { 1: Payment of Principal�d Interest. Borrower shall promptly pay when due the principal of and in-
<br /> terest'on the indebtedness evidenced by the 1Vote, prepayment and late charges as provided in the ATote,
<br /> and the principal of and interest on any Future Advances secured by this Mortgage.
<br /> ; 2.Funds for Taxes and insur�mce. Sub ect to Lender's o tion under
<br /> ; j p paragraphs 4 and 5 hereof,Bor-
<br /> , rower shall p�y to Lender on the day monthIy instailments of prinr.ipal and interest are payable under the
<br /> Note, until the Note is paid in full,a sum (herein"Funds") equal to one-twelfth of the yearly taxes and
<br /> assessments whict�may attain priarity over this Mortgage, and ground rents on the Property, if any pius
<br /> oae-twelfth of yearly oremium installmen�s for hazard insurance, plus one-twelfth of yearly premium in-
<br /> stallments for mortgage insurance, if any, all as xeasonably estirnated initiall,y and from time to time by
<br /> I.ender on the basis of assessments And bills and reasonable estimates thereof,I.ender shall applp the Funds
<br /> � to ray said tases, a�sessments,insurance�rer:iums an1 �;round rents. Lender sh:�lt nial�e na ch•arge far sa
<br /> ; holding and applying the Funds or veri#ying and compiling said assessments and bills. The Lender shall
<br /> ? give to the Bairower,',without'charge;an annual accounting of the Funds showing credits and debits to the
<br /> Funds 8nd 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 may be held by the �,�,.
<br /> � Lender and.commingied with other funds and the I.ender's own funds and the Lender may pay such items „%�� �'� '
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<br /> ` from its own funds and the Lender shall not be liable for interest ar dividends on such Funds. � �„ �
<br /> { If;xhe amount of,the Funds held by L�nder,together with the future monthly installments of Funds � '���,�:
<br /> a prior to the due dates of taxes; assessments, insurance premiuma and ground rents, shall exceed `�
<br /> p yable
<br /> �, the amount required tv pay said�es,assessments,insurance premiums and ground rents as they fall due, u�' '
<br /> - ':such excess sh&1.be, at Borrower's option,eitfier promptly repaid to Borrower or credited to Borrower on '.
<br /> taxes, asseSsme�nts of Fundti: If the amount of the Fvn�#s helc]}iy I,Pnder�hall not he�t�f�icier.t to nay "
<br />�" ` �nthl ��1'nts,`uxsurance premiums and ground rents ae thev fall due, Sorrower shall pap to Lender ' .'., =`
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<br /> y amount aecessary to make up the deficiezicy tVithin thirty days after notice from Lender to Borrower "`°` �
<br /> requestSng payment thereof, or;Borrower shail, by an increase in monthly installments of Funds required,
<br /> repay £ha deficiency within Che`Fund accountsng periad.
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<br /> �3�a p�3���t in,iuli a:�tt st�ir�secured by this 1Vtortgage,i,ender shail apply Funds held as a credit:
<br /> against ail sumg due. ' �
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