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<br /> 1NDIVI�UAL
<br /> DUE ON SALE
<br /> OPTIONAL FUTURE ADVANCES
<br /> �■ SAVINGS FUN�
<br />�' ���/�/`��� FORM No.720 ; ��. ,;=.
<br /> ����ry Loan Number__��414--- --188- --1-- �, �`
<br />! � � . . . . rYa� e..,,�n
<br /> i 7g- 000400 MO RTGAGE `
<br /> �
<br />; THI$ MORTGAGE,made and executed this .........................../..6 day of��2rxLt�"'� A.D., '
<br /> ... ..----�-----...--�--
<br /> 19..7.�_.,between the Mortgagor, ...h7�,],�.�x.�..1�....Cxaus�.en..atad.__f�sCxud.�.. .__Glaus.�ea,..husbaad.:..__ :
<br />° ---••--••-----....._��a..�ri�.e�..3�i��1.x_.��a--e�s#�,.in..t��i�..�..�isk�t----------------------...-------......------._.._...
<br />' ----••-•--••- t,
<br />' °f_--..�rand__Island_...._.., County of....Hall.....-.--•-••-•------._..,Stateof----�Ie.bxaslca......,hereinafter refeaed -
<br /> i to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF �-
<br />; LINCOLN, 1235 "N" Street.Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to `
<br />� as Lendea
<br /> !'
<br />'' WITNESS zx: That the said Borrower for and in consideration of the sum of..�NTY..THOUSAI?D__. ;',
<br /> AND NO�100---------------------------------------Dol:ars (US$20�000.00-------��--•--•-------� s.
<br /> .._..----•---......-�---.._.-----•------------------••-•--------•-•-�-��--------........ . .
<br /> - ------••--------------
<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 .....__?�. " ',
<br /> . il--------------------------- State of Nebraska: �
<br /> Lot Nineteen (19) in Wolfe's Subdivis on in the City o£ Grand Island,
<br /> Ha]1 County, Nebraska.
<br /> TocETxea with all the irnprovements now or hereafter erected on the property, and all easements, '
<br /> rights, appurtenances, rents, royalties, mineral, oil and gas rights and pmfits, 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".
<br /> Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right
<br /> to mortgage, grent 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 ot exceptions to coverage in any title insurance policy in-
<br /> suring Lender's interest in the Property, or (2) attorney's opinion of title from abstract of title certiSed
<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:
<br /> The Borrower agrees to pay to the Lender, or order, the principal sum of.�7E?�1�..�9FS(�,Np__AjJp____ ;
<br /> ._..._NII�IUD.--rr--c--r_-cr.r.r._c--r__--r_rr._--cr_--r.r.r..--r.r.r..----.-cDollars (US$__2D.,.QQO�.QQ...-------•---••-•-)
<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__..._.da of.............E�bssua
<br /> Y �-•----��----., lSx.2�07
<br /> UNIFORM CovExnrr�rs.Borrower and Lender covenant and agree as follows: � � �. �� � -
<br /> 1. Payment of Priacipcl�d Iaterest. Borrower shall promptly 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 principal of and interest on any Future Advances secured by this Mortgage.
<br /> 2. Fuads for Tmces and Iasur�sce. Subject to Lender's option under paragraphs 4 and 5 hereof,Bor-
<br /> rower ehall 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 /> assessmeats which may attain priority over this Mortgage, and ground rents on the Property, if any pius
<br /> one-twelfth of yearly premiuxn installments for hazard insurance, plus one-twelfth 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 assessments and bills and reasonable eatimates thereof,Lender shall apply the Funds
<br /> �PaY eaid taxes assessments, insurance premiums and ground rents. Lender shall make no charge for so
<br /> holding and applying the Funds or verify�ng and compiling said assessments and bilis. The Lender shall
<br /> give to the Borrower,without charge,an annual 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 additionsl
<br /> aecurity for the sums secured by this Mortgage. The Borrower agrees that the Funds may be held by the
<br /> Lender and commingled with other funds and the Lender's own funds and the Lender may pay such items -^�.--='
<br /> from its own fuads and the Lender shall not be liable for interest or dividends on such Funds. }
<br /> If the amount of the Funds held by Lender,together with the future monthiy installments of Funds I � `
<br /> payable prior to the due dates of taaes;assessments, inyurance prerniums and ground rents, shall exceed J �, �,
<br /> the amount required to pay saicl taaea,asseaymeats,insurance premiums and ground rents as they fail due, i
<br /> suCh excess shalj be, at Borrower's option, either promptly repaid to Borrower or credited to Borrower on � �
<br /> moat5ly instal]ments of�'unds. If the amount of the Funds held by Lender shall not be sufi'icient to pay � � �ub�
<br /> tases.,seaesemeats,insurance premiums and ground rents as they fall due, Borrower shall pay to Lender ,��. :y� �
<br /> anY amount necessery to make np the deficiency within thirty days after notice from Lender to Borrower
<br /> reQuesting payment thereof, or Borrower ahall, by an increase in monthly installments of Funds required,
<br /> �P8Y �e deficiency vvithin the Fund accounting period.
<br /> LFpon payment in full of a11 sums secured by this Mortgage,I,ender shall apply Funds held as a credit
<br /> against all sums due. �
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