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<br /> INDIVIDUAL
<br /> DUE ON SALE
<br /> � OPTIONAL FUTURE ADVANCES
<br /> �� SAVINGS FUND
<br /> � FORM N0.72O
<br /> �W Loa� Number_ 35282 -- 199 - 1
<br /> --------,>oP-----e..,,�n
<br /> 78`UOC)1F3Y M O R T G A G E
<br /> T�Ji-i IS MORTGAGE, madr and executed thi, ��'dav of ,���C,IL�«'�� A.D.,
<br /> 19_70 , between the Mortgagor, Robert R. Allen and Susan Allen, h(isband and wife,
<br /> jointly and each in their own right�.
<br /> ___ _ ._ . . _ _ __ _ _ _ _ _ . __ ..._
<br /> �f Grand Island , ('�unt�� of Hall , Statr of Nebraska ,hereinafter referred
<br /> to as the Borrower, and the MortgaRet•. F1RST FEDF.RAL SAVIN(:S AND LC)A'v ASSOC'fATION OF
<br /> LINCOLN, 7235 "N" Strer.t, Lincoln, Nebraska 6R5o1, its tiuccea�or� end a�xignti, hereinafter referred to
<br /> as Lender.
<br /> WITNk:titiF:TH: TI18f [he said Aorrower f<�r and in consideration of the sum of SEVEN THOUSAND,
<br /> ANlI NOl 1Q�--------------------------------------- I)c>l:an (L'S.r 7,000.00 1
<br /> paid by tiaid Lender,due5 hereby inurt�agr, �rant and cunvey tu LenelE:r, it� succes�urti and assi�ns; the
<br /> following descrribed pmperty located in the ('ounty of Hall , 5t:ate of tiebra:;ka:
<br /> Lot Ninety-nine (99), West Lawn, sn Addition to the C`ty of
<br /> Urend Island, Hall County, Nebrasks.
<br /> Tcx;ETHE6 with all the improvementc iION' UI' }1PI('aftrr errcted on the pmpert;v, and all eatiementa,
<br /> rights, appurtenances, rrnts, royalties, mineral, oil and Kas riKhts and profits, watrr, water ri�hts, and
<br /> water stoc�k, and all fixturcw n��w or hrre�aftrr attached to the propert��, al! of H�hich, includin� replace-
<br /> mentn and additions thr.reto, shall be deemed to tx- and remain a part of the property covered b�� this
<br /> Mortgage; and all of thN foregoing, together with said propert_v (ur the lea�ehold e,tate in the event thiti
<br /> Mortgage ie on a leasehold) are herein referrE�d to a� the "Propert��".
<br /> Borrower covenants that Borrowrr i� IaH fully seised of thr e,tatr here�h�� cnnveyed ani1 hati the riKht
<br /> to mortgage, grant and convr�� the Yropi•rty, that the I'roperty is unrncumhered, and that Borrower will
<br /> warrant and defend generallp the title to the Pro�erty xKainvf all claimti and demandv, subjrct to any
<br /> ea�ementr and restrictions li�;trd in a tichedule of exceptions to cove>ra�;e in am� title� insurance polic�� in-
<br /> suring I.ender's interetit in the Yro��rt��, or ('�) attorney's opinion of title from abstract of tiUe certified
<br /> b,v bonded abstracter.
<br /> Pauvweu ALWAYti, and thesr pre,ernts arE• executed and<lelivrred upcm the fulluwing conditiun,,a�ree-
<br /> ments and obligationn uf the Burrower, to-wit:
<br /> The Borrower agree, ta F�ap to the Ixnder,or ur�ie•r, the principal Sum ut SEVBN TtiOUSAND
<br /> AI4A NQ/100-------------------------------------- , , 7 000.00
<br /> _ _ 'i)ollam I l'� .: , )
<br /> payablr ah provided in a note•exec�ted and delivt•rrcl, cuncurrentl�-hen•N�ith, thi�final paymc•nt uf F�rinci��al.
<br /> if not cr�ner paid, on thr lst deiy of Janunry . 19 bEi .
<br /> UNIFUEM C�(1VF:NANTA. BOI'I'oWer and Ixndrr i•uvenant. and a�ri•� H. fulluK�.:
<br /> l. Payment ot Prineipel �td Interest. Burrower shall prutnptl�� pa�� whFn due th� �,�rincipal of and in-
<br /> tere�t on the indebtednrKs rvidene�ed by thc tiote, pr��pa���nrnt and latr i�har�c�� a� E�r��vidt��d in thN '.�'ute,
<br /> and thr principal oP and intc�rest on an}• Future Advance•� ..ecuri��i li� thi, 11��rtxa�r.
<br /> 2. Funds !or Taxes and Insur�ce. Suhjrc•t to Lrnder'� uE�tion under para�;r�{�h. .} and � here�uf. Rur-
<br /> mw�Pr tih�il ��a�• tu Ixnder un the da�� monthl� intitall�rn•nt�uf prin�i�ial an�t intr�rer�t .iri•Euacahlr und<•r lh��
<br /> No6e, until thc•Note in paid in full,a >;um Ihrrein "Fund�") t��ual to r�ne�-twelith uf the ��earlc iaxi�o-; ;rnd
<br /> arueFements which may attain prioritp over thi.!11or2kaKi•, and kround rent.. un the i'ru��rrt}�, if an} plu�
<br /> one-twelfth uf yearl}� premium in�;Lallments fur hazard incuran�•r, ��lu� one�-tw�•Ifth ��f ��i��rl� pn•�nium in-
<br /> atallmNntF fnr mortgagc� inhurance, if :�nt�, all an reasunabh� e�timated initiaih� an�! frum tiuir tu tiiuc- L��
<br /> Lender on the basi�;uf aci;eKKmentti and t�ills and re�a��nat�le�c�titimat<��th«•rer�f, lw•nde�r�hall aG,��l� thi- H'un�l�
<br /> �.0 }wy exi�l taycK;, e�yi.;r�menta, m�urance premiuma and Kround rrncr. L,en.ic-r:hxll mxkr nu e�harK�• t��r.0
<br /> holding and applyinq ihe Fund� ur verifti'ing and i•umE�ilinK �;aid asM�.nm.�nx� and h�lt�. 'I'hr L,e<ndi�r �hall
<br /> g+ve to the Borrower, without charge, an annual ac<vunting of the Funds showinK c•redits and debirs to the
<br /> Funde and the pur}�ose for which each debit to the Funilr wx., niade. Thr Fundr are NlydKed a� additional
<br /> nec-urity for the cumF �rured by this !�9ort�age. The Borrower agrc�c�s th�t the Funds nra� bi- held b� the __��
<br /> Lender and commingled with other funde and the Lender's own fund�and the Le•nder may pa� such itemn
<br /> from its own funds and the I.ender shali not be liable for intemst or ciividend.�. on �uch Fundti.
<br /> If tlse amouat of the Funds held by Lender,together with the future monthly installment,s of Fund. + �
<br /> payable prior to the due dates of tazes, aseesea�ents, insurance premiums and ground rents, shall excc�cl J
<br /> the amount required top�y said taies,assess��� insurance premiumR and�round rent�a� theti�fall due,
<br /> sUch exc•ees el�all be, at Boaower's option, either promptly repaid to Born�wer or c•redited to Bornuwer on
<br /> moathly instailmc,nts of Funaie. If tlaa aui�un� o( �hr Fundn lteld b�� Len�rr �hail n��t t�•.uth�•it�nt t�� ��a�
<br /> t#xr�, nv�ments, in.curance pmmiums and gruund renta an Lliry fali �1ua:. li..rru�rr.r ,Lxll W,y w I.rn�rr
<br /> anY �ant neoesetry to make up the de6czency within thirtY daYs after not.ice from Ixnder to Born�wer
<br /> requesting payment. theerof, or Borrower ehall, by aa increase in monthly in�tallment�uf I�'und�rryuirr�d,
<br /> repay the deficiency within the Fund accountinR period.
<br /> 11�bn p,�y�nt in full of all sums »rcut�d by this Mortgage. I.rnde�r�hall apply Fund.he•Id a�a �r���iit
<br /> aQainst all euma due. �
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