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<br /> �.__._. ..��
<br /> �—,� II�tD►VIOUAL _
<br /> M Pa/� � � €�'.+U.�.. v:s SiyL.�
<br />�� �t ��5'�'� OPTIONAL FUTURE ADVANCES
<br /> � `�tLB�CV►�N s RM1 NO.S2o UND
<br /> � Loan Number----34778---188__ -_ 1,--
<br /> True ere.+ch
<br /> 77• l�(a��33
<br /> M C� RTGAGE
<br /> THIS MORTGAGE, made and executed this .............12..._...,_..... day of ..._October,....___....._.:;,,. p.D.,
<br /> 19....7..7--,between the Mortgagor, --..1?4ni�..d.-�"--#3=7cx�e�,._.a_.�zn,€>].Q..B.��;�vzx.-.-.:. .... ... ......:. ..... ....--
<br /> � .-- ...................�------�--....._... ..,..._... -�-•------�-�------�- --�•---.......-----........_.........----....-------.... .---�-----•--
<br /> , ' of ..:.Grand. Island.,. County of :._...._Hall_._.,..._,_,.,State of.Nebra�jca.____,.,hereinafter referred
<br /> to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> LINCOLN, 1235 "N" Street, Lincoin, Nebraska 68501, its successors and assigns, hereinafter referred to
<br /> as Lender.
<br /> WiTxEssETx: That the said Borrower for and in consideration of the sum of..FORTY..FOUR.THO.[TSAND
<br /> � THREE HUNDRED AND NO/100-----,-.------------------------ �
<br /> _.... .._ ..-�-- •-�-•--- -----...-----._...... . --- .. . . ..-----�--�ol�ars (US$..44.,300 00...: )
<br /> paid by said Lender, dues hereUy mortgage, grant antl convey to Lender, its successors and assigns; the
<br /> ; Hall :
<br /> ' following described property located in the County of .................. ........_........._, State of Nebraska:
<br /> Lot Five (5), in Ross and P..�hton Park, being a subdivision of a part of Lots
<br /> Fourteen (1�+) and Eighteen (18), of the County Subdivision of West Half (W2)
<br /> of the Southwest Quarter (SFTu) and a part of the East Half (Ez) of Southwest
<br /> Quarter (SW�) of Section 15, Township 11 North, Range 9 West of the 6th P.M.,
<br /> Hall County, Nebraska.
<br /> Z`OCETHF.R with all the irnprovements now or hereafter erected on the property, and ali 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, including 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 /> 241ortgage is on a leasehold) are herein referred to as the "Property".
<br /> Borrower wvenan�s that Borrower is lawfull,y 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 /> warrant and defend generally the title to the Property against all claims and demands; subject to any
<br /> easements and re�trictions 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 opinion of title from abstract of title certified
<br /> by bonded abstracter.
<br /> PaoviuEu ALWAYS, and these presents are executed and delivered upon the following conditions,agree-
<br /> ' rnents and obligat:ions of the Borrower, to-wit:
<br /> s �
<br /> The Borrower agrees to pay to the Lender, or order, the principal sum of .k'9kZTX_�QIII�.THQIISADiD._..
<br /> ' .:TH�E_.H.U�IDI3�A:_A�Il?..�.VQ/..149---------------c-r..---------_3.lollars (US �..._44.>3.OQ.QD..- -----..._.)
<br /> payable as provided in a note executed and delivered,concurrently here�vith,the final payment of principal,
<br /> if not sooner paid, on the......__1s�.............day of..._.._�iovember....._.........., i�_2Q06
<br /> UxiFoamt CovExwxTs. Borrower and Lender covenant and agree as follows_
<br /> 1. Payment of Principal cmd Interest. Bormwer 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 principal of and intereat on any Future Advances secured by this Mortgage.
<br /> 2. Fuads £or Taxes and Insur�ce. Subject to Lender's option under paragraphs 4 and 5 hereof, Bor-
<br /> mwer shall pay to Lender on the day monthly installments of principal and interest are payable underthe
<br /> Alote, until the Note is paid in full,a sum (herein"Funds") equal to one-ttivelfth of the yearl,y taxes and
<br /> assessmenta which may attain prioritg over this Mortgage, and ground rents on the Property, if any plus
<br /> one-twei#th of yearly premium instaliments for hazard insurance, plus one-twelfth af yearly premium in-
<br /> staliments for mortgage insurance,if any,ail as reasonabl,y estimated initially and fmm time to time by
<br /> Lender on the basis of assessments and bills and reasonable estimates thereof, I.ender shall apply the Funds
<br /> io pay-aaiu iaxes, assessmetiis,insurance pretniums and gmunu rents. Lender si�all make no charge for so
<br /> tiolding and applying the Funds or verifying and compiling said assessments snd billa The Lender shall
<br /> give to the Borrower, without charge, an annual accounting of the Funds showing credits and debits to the
<br /> Funcis 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 may be held by the � ,_
<br /> Lender and commingied with other funds and the Lender's own funds and the Lender rnay pay such items •.,--- �'"�"'
<br /> fnoin its own funds and the Lender shall not be liable for interest or dividends on such Funds. i4�
<br /> a� � ��
<br /> � If the amount of the Funds held by Lender,together with the future monthly installments of Funds Mt� ;
<br /> payabie prior to the due dates of tases,assessments, insurance premiums and ground rents, shall exceed ;� 3°," ,
<br /> tI:e amount'required to pay said taues,asses�sments,insurance premiums and ground rents as they fall due, :�"� `
<br /> such excess shall be, at Borrower's option,either promptly repaid to Borrower or credited to Borrower on
<br /> �o�thF� ir.sta;T_.ae..ts af F:;nc3�^. I# the a�ol:nt cf t,:e i'unds neId by Lender shall nc�t be su:ficient to pay
<br />� tAxPR, s�G�e�mPnts, ir�urea±ce pre�uezns �Rd b:o.ind +ents z, tuey� fall da�, Sor:ovrer �haL �.ay to Leader
<br /> any amount necessary to make up the de8ciency within tlzirty days after notice from Lender to Borrower
<br /> requesting nayment therenf, aa Bc�asAwer sh�L� �ay.a^.i^.c:asse ir.:r.anthl.;:nstu'.Lme.ts cf�'e:r.ds required,
<br />� repay the deficiency within the Fund accounting period.
<br />� Upon payment in full of all sums secured by th'ss Mortgage;Lender shall ap�ly Funds hcid as a credit
<br />,� against all sur:�s due. � �
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