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.._. _ � �
<br /> i ,._,
<br /> INDIVIDUAL
<br /> �UE ON SALE
<br /> ' � � OPTIONAL FUTURE ADVANCES
<br /> � SAVINGS FUNC Y
<br /> V�� "� FonM NoJ20 � �'� � �. �'
<br /> N 35185 — 188— 1 , . ' , ,
<br /> ,, Loan Number-------------Tro<_----e.,'��n , � .
<br /> ,: i � � . . . . - .
<br /> `3 78��p281- MORTGAG E
<br /> � ,
<br /> + ',� THI3 MORTGAGE,made and executed this._.__...._..�.j............... day of.....-�.:�ry..__._...._..._ A.D., =
<br /> � 19__��.,between the Mortgagor,�nneth__L.__Ohlson__and.Judy,A._.Ohlson�husban�,ax}d._w;[��,..._. �
<br /> :� ._jointly and each 3n their.own right� ';
<br /> .....................................••- ---
<br /> � Grand Island __._Hall Nebraska
<br /> , of __..--•- •-----••................. County of----- ..........----�State of---._ ......-•-----...hereinafter referred t ;
<br /> to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN A5SOCIATION OF
<br /> LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to
<br /> � as Lenden
<br /> ' WizxrEssExx: That the said Borrower for and in consideration of the sum of _.THiRTY..ONE_THOU$1�ND ; , .
<br /> ; .NINE HUNDRED AND NO/100---------------------------'Dol:ars (US$._..31_,900.00..---• -••-) �
<br /> ...-•••...--••-----•-••-----•...........................................••-----------�-----......._.......
<br /> i�
<br /> ` paid by said Lender, does hereby mortgage,grant and convey to Lender, its successors and assigns; the
<br /> ' following described property located in the County of.......F1a11 ..., State of Nebraska: r'
<br /> ^ ...............�•-•---�• .,�:
<br /> , .
<br /> ; Lot FiPteen (15), in Villa Mar Dee Subdivision, a subdivision located on �
<br /> .� a11 oP Lot Twelve (12) of Subdivision of Lot Nine (9) and A11 of Lots �, ti
<br /> � � Seven (7) and Eight (8) in Windolph's Subdivision of part of the Northeast �,
<br /> . ,� Quarter of the Northwest Quarter (NE,� NF�) and part of the Northwest �'
<br /> , Quarter of the Northeast Quarter (NW4 NE4) oP Section Fourteen (14), in S
<br /> ' Township Eleven (11) North, Range Nine (9) West of the 6th P.M., in f { r�,�
<br /> � Hall Couaty, Nebraska.
<br /> TocETaEa with all the improvements now or hereafter erected on the property, and all easements, � t i
<br /> � rights, appurtenances, rents, royaltiea, mineral, oil and gas rights and profits, water, water rights, and i`
<br /> � water stock, and alI fiatures now or hereafter attached to the property, all of which, including repIsce-
<br /> meats 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". r rf
<br /> f � L :
<br /> Borrower covenants that Borrower is Iawfully seised of the estate hereby conveyed and has the right ,�.t
<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 :>r
<br /> easementa and restrictions listed in a schedule of exceptions to coverage in any title insurance policy in- ''t'�
<br /> surin Lender's interest in the Pro e ' ��
<br /> g p rty,or (2) attorney's opinion of title from abstract of title certified
<br /> `t by bonded abstracter. `•
<br /> �} . P60VIDED�ALWAY3. and these presents are executed and delivered upon the following conditions,agree- �
<br /> ^ `j ments and obligations of the Borrower, to-wit:
<br /> � The Borrower agrees to pay to the Lender,or order, the principal sum of...THIRTY_.i1PIE._THQUSA]aiD._.
<br /> � NI73.E__A.UNAAEA..t�l1dA._�19l.�Q4--c-----.------------_------r.r-.--�ollars (US$--,.37.,45?U..QQ.._.........---••-) -
<br /> ' payable as provided in a note executed and delivered, concurrently herewith,the final payment of principal, ^ �
<br /> i if not sooner paid,on the_..----1s.t-------------- day of.--.----..Sanuaxy..-.--_------...----> D8c.2Q07 ; +
<br /> ,�
<br /> :� Ui�nFoeM Cov�vnrrrs.Borrower and Lender covenant and agree as follows:
<br /> � � 1. Payment oE Prindpal�sd Iaterest. Borrower shall promptly pay when due the princ�pal of and in-
<br /> • f terest on the indebtedness evidenced by the Note,prepayment and late charges as provided in the Note,
<br /> and the principal of and interest on any Future Advances secured by this Mortgage.
<br /> .`� 2, Funds for Tmces�d Insur�ce. Subject to Lender's option under paragraphs 4 and 5 hereof, Bor-
<br /> rower shall pay to Lender on the day monthly iastallments of principal and interest are payable under the
<br /> Note,until the 1Vote is paid in full,a sum (herein"Funds") equai to one-twelfth of the yearly taxes and
<br /> sasessments which may sttain prion'ty over this Mortgage, and ground rents on the Property, if any plus
<br /> one=twelfth of yearly premium inatallments for hazard insurance, plus one-twelfth of yearly premium in-
<br /> stallmenta for mortgage insnrance, if any, all as reasonably estimated initially and from time to time by
<br /> Lender on the basis of assessments and bills and reasonable estimates thereof,Lender ahall apply the Funds
<br /> to psy said taaes,assessments,insurance premiums and ground renta.Lender ehall make no charge for so
<br /> holding and applying the.Funds or verifying and compiling said assessments and bills. The Lender shatl
<br /> �ti'� _ give to-the Borrower,without charge,an annual accounting of the Funds ahowing 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 /> ' ' sebtaity for'the suais secured by this Mortgage.The Borrower agreea that the Funda may be held by the .,,`,..�
<br /> �� Leader.'and.commingled with other funds and the Lender's own funds and the Lender may pay auch itema ,_
<br /> from its own funds and the,I,ender shali'not be liable for interest or dividends on such Funds. �:.; ' , ;
<br /> , rts
<br /> If ttie smourit�of the:Funds held,by Lender,together with the future monthly instailments of Funds +� `
<br /> peysble p�or to�the dne aates of�tazes,;as�ements, insurance premiums and grovnd rents, ahall exceed �"s
<br /> the amount reqwied to�paq said taz�s,assessmeats,inaurance premiums and ground rents as they fali due, �'"
<br /> � suah eac:ees sbali::ttey at Boriower's option;either promptly repaid to Borrower or credited to Borrower on � '" ?
<br /> ' monthTy`:metallments of>Fuads. Tf the amount o#the Funds held by Lender shall not be sufficient to pay °-+ �`
<br /> �„� taaes,,8seesemente;inaurai►ce.piemi�s,.and giound rents as they fall dve;Bortower shall pay to Lender "„" "�'.""" '�
<br /> z;rc; �Y.���,aeceaear9;to.make:-up the deficiency-within'thirty days after notice from Lender to Borrower
<br /> ,� t� �Qu�atin�` Yment-.thei'eof, or Bortower'shall, bp an increase in monthly installments of Funds required,
<br /> "� repaq the�fic�eucy wif,hin the Fund accountiag.period.
<br /> """ ` Upoii'paymeat in tull of aTl sums aecured by this Mortgage,Lender shail apply Funds held as a credit �
<br /> '� against all sums due.
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