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<br /> INDIVIDUAL '
<br /> DUE ON SALE .
<br /> �R�' OPTIONAL FUTURE ADVANCES
<br /> �� SAVINGS FUND
<br /> +� , �� FonM�No:720 . � � `�
<br /> rj . VNC�N Loan Number__ 35191__— 188__- e.���h � .'
<br /> ' 78�- '000272
<br /> ;� , MORTGAG- E , ' ,<
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<br /> � T I3 MORTGAGE,made and executed this.._........��.............. day of__.�..c.�.�....�.. ._....._.._._ A.D.,
<br /> j 19_.7�,between the Mortgagor, _�1sRtRa&--k'-`--klcils,celt....Ix..---an.d._ICz3s.te..I,_....Molac�lc�..husband..and
<br /> ' .W�f�s__3s.�x��ZY_.�nd..�ach..i.n..tlaaix..oc�n..x�.ght.,........_................••---•--. .._.__..---••----••--•--••----•
<br /> • • -.-••--------------- __
<br /> f of.....Grand._Isl,_and..___..., County of..............kIa7.1..._._.........,State of...Piebs.aska......,hereinafter referred -
<br /> to as the Bonower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF "
<br /> LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its success�rs and assigns, hereinafter referred to
<br /> : �
<br /> as Lender.
<br /> ' % WtTxEsssTx: That the said Borrower for and in consideration of the sum of ..T��.NINE_THOUSAND
<br /> , TF70_HUNDRED..FIFTY AND NO/100-------------------------Dol:ars (US$--29. 250.00 )
<br /> _. ._ ..-----�.............................••-•-•--••- '------....---•.......... .-----. �
<br /> paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br /> ' j following described property located in the County of ........_...Hall .__,__._, State of Nebraska: `
<br /> � Lot Seven (7), Block Twenty-nine (29), in Packer and Barr's Second Addition to
<br /> ' the City of Grand Island, Hal1 County, Nebraska.
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<br /> TocETxEx with all the improvements now or hereafter erected on the pmperty, and ali easements,
<br /> rights, appurtenances, rents, royalties, mineral, oi! 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 /> � Mortgage is on a leasehold) are herein referred to as the "Property". � '
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<br /> 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 /> warrant and defend generally the title to the Property against all claims and demands, subject to any
<br /> y easements and restrictions listed in a schedule oi exceptions to coverage in any title'insurance policy in- �
<br /> suring Lender's interest in the Property,or (2) attorney's opinion of title fmm abstract of title certified �
<br /> by bonded abstracter. �.
<br /> PEOVIDED ALWAYS� and�these presents are executed and delivered upon the following conditions,agree-
<br /> ' ments and obligations of the Borrower, to-wit:
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<br /> ;' The Borrower agrees to pay to the Lender,or order, the principal sum of ..T��__NINE,.THO�JSANI)_ � �
<br /> ; .TWO_.HUNDRED_EIFTY AND_NO/,100----------------------Dollars (US$_..29,,250 00 ) �:
<br /> � ................. --• •----..__...------•---••--•----...._.............--- --•••-
<br /> ...._._.....
<br /> ' payable as pmvided in a note executed and delivered,concurrently herewith,the final payment of principal,
<br /> ; if not sooner paid,on the----lst-----•---........ day of......-----•�Fanuary.......... ...... ]�_.2007
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<br /> f Uxir�osM Covsxnx�rs. Borrower and Lender covenant und agree as follows:
<br /> .�� 1. Payment of Principal�d Iaterest Borrower shall pmmptly 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 pnncipal of and interest on any Future Advances secured by this Mortgage.
<br /> ��,
<br /> ? 2. Funds for Taxes�d Insurcmce. Subject to Lender's option under paragraphs 4 and 5 hereof,Bor-
<br /> `� rower shall pay to Lender on the day monthly installments of principal 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 which may attain priority over this Mortgage, and ground rents on the Property, if any plus � :
<br /> one-twelfth of'yearly premium installments for hazard insurance, pius one-twelith of yearly premium in-
<br /> �` stallments for mortgage insurance, if any, all as reasonably estimated initially and from time to time by
<br /> •. , Lender on the basis of asaessments and bills and reasonable estimates thereof,Lender shall apply the Funds
<br /> ' ` to pay said taxes;asses.qments,insurance premiums and ground ren�s. Lender shall make no charge for so
<br /> �; holding and applying the Funds or verifying and compiling said assessments and bills. The Lender shall
<br /> � �ve to the Borrower,without charge,an annuai accounting of the Funds showing credits and debits to the
<br /> Funds`and the.purpose for which each debit to the Funds was made. The Funds are pledged as additional
<br /> � security for the auma secured by this Mortgage. The Borrower agrees that the Funds may be held by the � _ ,
<br /> I.ender and commingled with other fands and the Lender's own funds and the Lender may pay such items ,,r_,._.
<br /> from its own:funds and-the Lender shall not be liable for interest or dividends on such Funds. s;
<br /> c5 " If,the amount:of.the Funds held by Lender,together with the future monthly installments-of Funds r�=�
<br /> �j� payable±pnor to the due;dates of taaes,assesaments, inaurance premiums:and ground renta, shall exceed ,�;, -
<br /> the amdunt required fa•pa y said tazea,assessments,inaurance premiums and ground rents as they fall due, ��,
<br /> �� suCh�eaCeas shall tbe,at�Boaower's:option,either proa►ptly repaid to Borrower or credited to Borrower on .
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<br /> , monf.fily.anstalltneate of-Funds.,,If the amount;of the Funds held by Lender shall not be sufficient tn pay ,,Y ;�* }�
<br /> tases, assese�eri�s. uugniax�ce P�emiums;and,'giound rents.as they faIl dne, Borrower shall pay to Lender �� ��
<br /> r day,ainonn�..aecesestry.to make up L1ae deficiency,within thirty days after not►ce from Lender to Borrower
<br /> ' request?ng'payment therecif, or Borrower`shail, by an increase in monthly instaliments of Funds required,
<br />� .� zepay,the deficiency wiEtiin the,Fimd accounting period..
<br /> ; Upon.paymeat in full of sll sums aecured by this Mortgage,Lender sl�all applp Funds held a4 a credit
<br /> $ against-all sums due. �
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