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<br /> IIVDIVIDUAL
<br /> DUE ON SALE
<br /> ��T OPTIONAL FUTURE ADVANCES
<br /> ! SAVINGS FUND ,
<br /> {. .� .. .�._■�. .FonM NoJ20 �.. . '
<br /> (� u�.� , .
<br /> � Loan Number___ 35422 _-_ 188 _-_ 1 __
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<br /> ' 78- �(i0�62 M O R T G A G E
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<br /> " �. THI$MORTGAGE,made and executed this......._.�V.+~......... day of.Jf_�A[.V.AV................. A.D.,
<br /> E 19.Z�__,between the Mortgagor,..klaxul.d..Q....�I1elsen..and.i2lanna..S.._.IQielseny..hus�and..aad..wi,£e,
<br /> ,. � � �ointlY.••�Ia..��C�}._.�,.A._tkA�1.7C._ON:A..7C�.8hX.,.----...-•.................�--------..._..------•--......--••------...------.......--•-•-•---..._.._..-----.._ : �: . . ..,:
<br /> ; °f---....Grand_Island___.., County of --------------�?a.l„]..-•--------....,State of---Iliebraslca.------,hereinafter ieferred
<br /> � to.as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> i LINCOLN, 1235 "N"Street, Lincoln, Nebraska 68501, its succeasors and assigns, hereinafter referred to `
<br /> { as Lender.
<br /> �' WITNESSETH: T}lat the said Borrower for and in consideration of the aum of...T.HiR.T.Y__SIX_THOU�A�VD �
<br /> FOUR HUNDRED AND NO/100------------------------------. 36 400 00 '
<br /> f _••--• �oL'ars (US$---�----�..._..-'------�---. .....---•�
<br /> , paid by said Lender, does hereby mortgage,grant and co�vey to Lender, it,g successo:s and assigns; the ;' :
<br /> � following described pmperty located in the County of ._Hall , $tate of Nebraska:
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<br /> i Lot Seven (7) in Sunset Sixth Subdivision, being a tract of land
<br /> comprising a part of Lot One(1) Sunset Subdivision and a part of
<br /> ; the Northeast Quarter (NE4) of Section 11, Township 11 North, Range
<br /> � 10 West of the 6th P.M., Ha11 County, Nebraska. r .
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<br /> � TocEa�Ea with all the improvements now or hereafter erected on the property, and all easements,
<br /> rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and
<br /> � water atock, and all fixtures now or hereafter attached to the property, all of which, including replace- f
<br /> p menta 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". '
<br /> Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right i.
<br /> jto 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 restrictions listed in a schedule of exceptions to coverage in any title insurance policy in- '
<br /> ¢ suring Z.ender's interest in the Property,or (2) attorney's opinion of title from abstract of title certified
<br /> i by bonded abstracter.
<br /> � � � P30VIDED ALWAY3� and these presents are executed and delivered upon the following conditions,agree- �
<br /> t ments and obligations of the Borrower, to-wit:
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<br /> i The Borrower agrees to pay to the Lender, or order, the principal sum of ..T�IRTY..SIX_�QUS.ANA.__.
<br /> �� FOUR HUNDRED AND NOI100------------------------------ Dollars (US$..36 40U-Q9_........_..._._..._) �
<br /> •--....-•--•---...--------�•---•---------------••--------•-•-••------•--•--.__..---•-----�--•-----...--------.. ..�.---•
<br /> � payable as provided in a note executed and delivered,concurrently herewith,the final payment of principal,
<br /> if not sooner paid,on the----•--.1st.---••--.----day of ......._February_--•.................�4..2A07 !
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<br /> j UNIFOBM CovExwxrs. Borrower and Lender covenant and agree as follows:
<br /> � 1. Paymea!of Priacipcl�d Interest. Borrower shall rom tl when due the
<br /> i� P P Y PaY principal of and in-
<br /> tezest 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 /> ' Z. Funds for Taxes�d 7nsur�ce. Subject to Lender's option under paragraphs 4 and 5 hereof,Bor-
<br /> ; rower ahall pay to Lender on the day monthly installments of principal and interest are payable under the
<br /> ' Note, until the Note is paid in fnll,a sum (herein "Funds") equal to one-twelfth of the yearly taxes and
<br />,,�� aesessments which may attain priority 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 /> r stallments for mortgage inaurance;if any, all as reasonably estimated initially and from time to time by
<br /> '.; Lender on the basis of assessments and bills and reasonable eatimates thereof,Lender shall apply the Funds
<br /> �P8Y�d tases,assessments,iasurance preauums and ground rents. 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 /> F g�ve to the Borrower,without charge,an annual accounting of the Funds showing credits and debits to the
<br /> '�j Funds and the purpose for which each debit to the Funds was made. The Funds are pledged as additional
<br /> aecurity for the suxns secured by this Mortgage. The Borrower agrees that the Funds may be held by the
<br /> � Lender and commingled with other funda 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 euch Funds. .�
<br /> k If the amount of the Funds held by Leader,together with the future monthly installments of Funds �'� ," '�`a
<br /> �t payable prior'to the due datea of taaes,assesaments, insnrance premiums and ground rents, shall exceed � �
<br /> "� tbe amount required topa y said taaea,aeseasments;inaurance premiums and ground rents as they falI due, �- - t
<br /> ;�' such-eacess°shs11 6e,st Borrower'a option,either promptly repaic� to Borrower or credited to Borrower on + �-;,�,.
<br /> �� monthly inatalImenta of;Eunds. If the amount of the Funds held by Lender ahall not be sufficient to pay ;;'
<br />:� ; �aZes, assesement8, insurance premiuma and grouad rents as they fall due, Borrower shall pay to Lender
<br /> ..a �y��t��rY to:make up the de8ciency within thirty days after notice from Lender to Borrower � �'•�
<br /> requesting paymeat thereof, or Sorrower shall b an increase in monthl �
<br /> repay the deficien " �' Y»��nents of Funds required,
<br />:< cy within the Fnnd accounting period,
<br /> Upon payment in fulI of all sums secured by this Mortgage,Lender shall apply Funds held as a credit
<br /> ` a�ainat all sums due. �
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