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<br /> IND�VIDUAL • •
<br /> DUE ON SALE
<br /> OPTIONAL FFJTURE ADVANCES
<br /> + � SAVINGS F(JND
<br /> �� . '�Y1R� FOreM No.720 . . . � . . � � � ,� . ',
<br /> Loan Number_35028 ___-_ 199 _- eln�^
<br /> .3�.. ..� � . . � � .
<br /> � 78-.,000419 MORTGAGE
<br /> 'J THIS MOR.TGAGE,made and executed tius....__.....alo.............. day of...._ __...._......�. . A.D.,
<br /> 19..._T�;between the Mortgagor, _......A�ai.s..�._..Y.�x►as.dA��._anad--Deborah_.Lt_ Va���n sdall a..husband_._ �
<br /> � ..................
<br /> + •- •--...and--wife,-•jo3atiy._.anrl.._each...i.n._�11�3.x.os�..��S�t, �
<br /> # ........- •-•------••---•--•................... . •_••-•-
<br /> F of---Graad..Island:.....--•--, County of........--.-H�a-.7.--••-•--•-----•-•,State of.----Nebraska--•--�hereinafter refeaed
<br /> +, to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> F LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and asaigns,hereinafter refened to
<br /> 4 as I.enden
<br /> � WITNE33ETH: T}18t L}1Q S81(� BOI'lOWQ3' POI and in consideration of the sum of.._.�RTY„THOiTSAND...
<br /> . .- •--AHIl--ND1.1Q0-r-_----r.-r..-c--r..-----.-c-r.--.---r.r.r..-c-r..---�ol;ars (US$-- -30�000 00 )
<br /> ' --�-- --_... -
<br /> ,: j paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br /> 4 following deacribed property located in the County of ...........__#i.all...................... State of Nebraska: '
<br /> j
<br /> �
<br /> Lot Thirteen (13), in amended Block Six (6),
<br /> ',!
<br /> Continental Gardens, an Additian to the City of
<br /> ' � Grand Islsn.d, Ha11 County, Nebraska. "
<br /> f
<br /> �
<br /> � � TocsxxLx with all the improvements now or hereafter erected on the property, and all easements,
<br /> � rights, appurtenances, rents, royaltiea, mineral, oil and gas rights and profits, water, water rights, and
<br /> water stock,and all fiatures now or hereafter attached to the property, all of which, including =eplace-
<br /> "� ments and.additions thereto,shall be deemed to be and remain a part of the property covered by this
<br /> E Mortgage; and alI of the foregoing, together with said property (or the leasehold estate in the event this
<br /> � 1Vlortgage is on a leasehold) are herein refened to as the "Property".
<br /> � Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has tl�e right "r"
<br /> ? to mortgage,grant and convey tt:e 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 /> ,j' easementa and restrictions listed in a schedule of 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 certified
<br /> �. by bonded abstracter. '
<br /> .l � � ��. PBOVIDED ALWAYS� and these presents are executed and delivered upon the following conditions,agree- � � . ,.,:;.
<br /> �
<br /> ments and obligations of the Borrower, to-wit:
<br /> � The Borrower agrees to pay to the Lender, or order, the principal sum of___THIRTX__THQAS.ANt?............ i:
<br /> :� -.ANR--T.iOI�Q�---r_-.cr.-r..-.c-r----r----rr..-.---r_----.-_-c----Dollara (US$----�O,,OOO...Q9..................)
<br /> � payable as provided in a note eaecuted and delivered,concurrently herewith,the finai payment of principal,
<br /> ,.{ if not sooner paid, on the------....lst.....----- day of .............Febr?xA='Y..---.._. .._., ��g99
<br /> •'�
<br /> UtvixoaM CovExnxTs.Borrower and Lender covenant and agree as follows:
<br /> '�� 1. Payment oi 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 af and interest on any Future Advances secured by this Mortgage.
<br /> ;1 2. Fuads for Taxes�d Insur�mce. Subject to Lender's option under paragraphs 4 and 5 hereof,Bor-
<br /> � mwer shall pay to Lender on the day monthly installments of principal and interest are payable under the
<br />,j Note,until the Note is paid in full,a sum (herein "Funda") 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 �nsurance, plus one-twelfth of yearly premium in-
<br /> stallmenta for mortgage insurance, if any, all as reasonably estimated initially and from tiune to time by
<br /> { Lender on the basis of assessments and bills and reasonable estimates thereof,Lender shall apply the Funds
<br /> � to pay said taaes, assessments,insurance premiums 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 ahall
<br /> g�ve to the Borrower,without charge,an annual acrnunting of the Funds showing credits and debits to the
<br /> t' F.unds and the purpoae for which each debit to the Funds was made. The Funds are pledged as additional
<br /> } security for the sums aecured by this Mortgage. The Borrower agrees that the Funda may be held by the
<br /> +1� Lender and comaungled'with other funds and the Lender's own funds and the Lender may pay such items ,�c._.. -
<br /> en
<br /> .�, froin its:own funds and the Lende=ahall not be liable for interest or dividends on such Funds.
<br /> �� ' If the�amount of the Funda held by I:ender,together with the future monthly installmente of Funds � ,„;� �
<br /> payable.grior to,the due.dates of tazes,aseessments, inaurance premiums and ground rents, ahall exceed
<br /> ,the"amount iequired topa y said tszea,aseessments,insurance premiums and ground rents as they fall due, ��'��
<br /> such.escess ahall-be,at Borrower's option,either promptly repaid to Borrower or credited to Borrower on ✓`';`'
<br /> moiithl,Y installirients of F'unda. If,the atnount of the Funda held by Lender shall not be suf&cient to pay �"a ,;r�
<br /> faaea, assesemea£s; insurance premiums and " `
<br /> any'am6unt n �'O�d rents as they fall due, Borrower shall pay to Lender uw;, .�� ;
<br /> ecesearY-Eo make up'the de8c:iency within thirty days after notice from Lender to Bornower
<br />�� �eclu��g'PaYment thereof or Borrower'ehall, b an'increase in monthl
<br /> ,. � Y y installments of Funds reqaired,
<br />,,, repay the,de6ciency withiri.the Fund accounting period.
<br />`i' ` Upon payment in full of all auma secured b :this Mo
<br />,� aBainet all sums due. 3' �Sage,Lender shall apply Funds held as a credit
<br /> + �
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