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�
<br /> � �
<br /> INDIVIDUAL
<br /> DUE ON SALE
<br /> � OPTIONAL FUTURE ADVANCES
<br /> � SAVINGS FUND
<br /> � FowM No.720
<br /> �W Loan Number____ 34244___ 194 1
<br /> lYDe_---_Br�ncM1
<br /> 78 -�JO(�1�� M ORTGAGE
<br /> THI3 MORTGAGE, made and executed this .. l�'_'.F.. _ day of - }��.���--�. A.D.,
<br /> 19_._. ...,between the Mortgagor, Robert I. Junker and Becket S. Junlc�ri husb'and and wife
<br /> ointl and esch in their own ri ht ----- --- ----- ----- ---- --- -----
<br /> �--..._ .Y_.... ___. .. _..._...._....._.. B___ -
<br /> _ __.. _ ___ __.. .. . - _.._ ....
<br /> of Grand Island , County of . .Hall _.., State of Nebraska ,hereinafter referred
<br /> __ _. ___.. _ . ___ ._ ..
<br /> to as the Borruwer, and the Mort.gagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> LINCOLN, 1235 "N" Street, Lincoln, Nebraska 6A501, iis succe.s�or:; and assigns, hereinafter referred to
<br /> as Lender.
<br /> WLTNESSETH: T}iHt t}le said Borrower for and in coneideration of the sum ��t .. THIRTY FIVE THOUSAND
<br /> AUIDNO/100 ----------- --------------------------- ' - 35 000.00 )
<br /> -- ..._ .. ..... .. _ .._ __ _ . _ .... ... _ _ _ ._ _ _Dol.ar�, (US � a . _
<br /> paid by said Lender, does hereby mortgage, grant and convey to Lender, its succe�orh and assigns; the
<br /> following dec3cribed pmpert,y located in the ('ounty of _... Hall , State of Nebratika:
<br /> I;ot Six (6), Block One (1), Southern Acres Add�tion to the �ity oi Urand
<br /> Island, Hall County, Nebrask:i.
<br /> ToceTxee with all the improvements now or hereafter erected on the property, and all easementa,
<br /> righte, appurtenancer,, rents, royalties, mineral, oil and gas ri�hte and profits, water, water rights, and
<br /> water stock,and all fixtures now or hereafter att.achecl to the property, all of which, inc•luding replace-
<br /> ments and additionR 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 pmperty (or the leasehold estate in the event thih
<br /> Mortgage is on a leasehold) am herein referted to as the "Property"_
<br /> Bormwer covenants that Borrower is lawfully sei�ed of the estate herehp comeyrd and has the right
<br /> to mortgage,grant and convey the Property, t,hat the Property is unencumbered, and that Borrower will
<br /> warrant and defend generally the title to the Property aKain�;t all claims and demands, subject to any
<br /> easements and restrictions lieted in a schedule of exceptions to coverage in any title insurancc� policy in-
<br /> suring l.ender'� interest in the Property, or (2) attorney's opiniun of title from abstract of title certified
<br /> by bonded abstracter.
<br /> PFOVIDED Aiwwvs, and ther,e presents are. executed and delivered upon the following conditione;,agree-
<br /> ments and obligations of the Borrower, to-wit:
<br /> The Borrower agrees to pay to the Lender,or order, the principal sum ofTHIRTY FIVE THOUSAND
<br /> AE1�.JtIQL100 . --'-- _-"---.-.--- ----'- ------------ C)ollar� (l?S �5 35:000,00 �
<br /> _ ___. _ _
<br /> payable as pmvided in a note exc��uted and delivered,concurrent h�hereM�ith,thc�final pa��ment of principal,
<br /> if not �ooner paid, on the lst day of J:sniaary . DA: 2D07
<br /> UNIFOFM COVENANTR. BO[iOWE?I 8(1(j LBTI(IPI'('oVE�1]&11Y. 8O[I agree ac followc:
<br /> 1. Paym�nt oi Prineipal�d Iaterect. Bormwer shall prompfly pay when due the principal of and in-
<br /> teref;t on the indebtednexs evidenced by the Note, Nrepayment and latr cFxargE•+ as provi�ie•d in the Note,
<br /> and the principal of and interer,t on an,y Future Advance� srcurrcl by thi�; \1ortgaKe.
<br /> 2. Funds!or Taxes and Inauraace. Sub,ject to Lender'�option under para�raphc 4 and :� hereof. Bor-
<br /> rower shall pay to Lender on the day monthly intitallmr.nt.s of principal and intrretit are payablr undrr the
<br /> Note,until the Note is paid in full, a sum (herein "Funds") eyual to one-twc�lfth of the yearh tlixr� an�1
<br /> aesesement� which may attain priority over this Morlgage. and Kround rent� un the Pn�perty, if am plu�
<br /> one-twelfth of yearly premium installmentc� for hazard insurxncr, plu� une•-t�+trlfth of yearly Nrrroium in-
<br /> e�tallmentR for mortgage inKurance, if any, all as re�sonably e.timated init.ialh• and from time to time by
<br /> I.ender on the ha�ia of A�vc�asinent�and bills and reasonabte e�timate� thf•re�c�f, I.<•ncli�r�hatl ra�>{�l� th�• F'un�i�
<br /> to pay eaid taxec:, asr,e�Fment�, insurance premium�and gmund rent�. L.ender chall makr no charRe for�o
<br /> hotding and applyinq the Funds or verifying and compiling said assessments and bills. The Lrnder sha❑
<br /> give to the Borrower,without charge, an annual accountin�of the Funds chowinR cndits and debitK to the
<br /> E�nds and the purpoae for which each debit to the Funds was made. The Funds are pledged as additional
<br /> r�c.urity for the sums eecured by this Mortgage. The Bormwer agreeF that the Funds may tx� held by the
<br /> Lender and commingted with other funda and the Lender's own funds and the Lender maY Pay such item5
<br /> from its own funds and the I�eader ahall not be liable for interest or dividendF on suc•h Funds. 7'
<br /> L If the amount of the Funds held by Lender,together with the future monthly installments of Funds
<br /> p�yable prior to the due dates of taxee,aseesements, ineurance premiume and ground reats, ehall ezc�eed
<br /> the aniount required to pay aaid taze6,aseessments,ineurance premiums and ground rentF ac they fall due, �`"
<br /> auch e�cceas ahali be,at Borrower'e option,either promptiv I'PQ811�LO R(1TMWPf OT CI'P(�lYP(� tA F3�rmwrr on
<br /> monthly iastnllmente of Funda. If the amount of the Funds held by Lender shall not be sufficir�nt to pa��
<br /> tazes. assessments, meurance prenvume and ground tents as they fal! due, Borrower shall pay w Lender
<br /> any amount nec�eeasty to auke up the de5ciency w+ithin thirty days after notice from Lender to Borrower �
<br /> requecting payment thereof, or Borrower shail, by an incr�se in monthly installments of Funds rryuired,
<br /> repav the�ripnry withi� thr Fun�l e�rnunting period.
<br /> Upon payment in full of all euma secured b,y this Mottgage, Lender shall apply Fundti he-Id x�a ��n•dit �
<br /> aqainRt ell eume due.
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