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<br /> IfVDIVIDUAL �
<br /> DUE ON SALE
<br /> � � OPTIOIYAL FUTURE ADVANCES
<br /> �� SAVINGS�FUfVD� �
<br /> ��'� ,,,.� FORM No.720 � . . . .
<br /> , )� Loan Number---���1�__-_TLflB_--e 1�h � ,
<br /> ,.� 78--��f��487
<br /> M O R T G A G E
<br /> i . -
<br /> 1 THI9 MQRTGAGE, made and executed this........_��............. day of.._.._.�k.�u.4-y_.____.__... A.D.,
<br /> � 19._:��.;between the Mortgagor, _.James__M._:Anders_.and.Beverly__A.___An.ders_,._husband._and__wife�
<br /> " �ointly.and__each in__their own ri�htt _
<br /> : --------- --------- �---•--- .....---- • -••-•--• -----•-- -------•
<br /> : o{ •-----Grand Island_ County of...... ---Hall_..--•-•-----..,State of---Nebraska hereinafter referred
<br /> ._._. _...., _ ...---��----�
<br /> 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 Lender.
<br /> i W[TxsssEra: That the said Borrower for and in consideration of the sum of....T.HiRTY_SEVEN__THOUSAND
<br /> ! TWO HUNDRED AND NO/100-------------------------------Dol:ars (US$..37.�200_.00 .....�
<br /> _........-•--•--...-----------------�--•--••---------------••••----••----�--....._._......----•----•-�----------•-
<br /> ....................� ;
<br /> paid by said Lender, doea hereby mortgage,grant and convey to Lender, its successors and assigns; the
<br /> � following descnbed pmperty located in the County of .....................Hall . , State of Nebraska: .,'
<br /> Lot Five (S) of Claussen Subdivision in Hall County, Nebraska, being a part
<br /> o£ the West Half (W�) o£ the Southwest Quarter (SW'�) of Section 2, Township 11
<br /> North, Range 10 West o£ the 6th P.M., Hall County, Nebraska
<br /> �
<br /> I
<br /> TOGETHEB W1tI1 all the improvements now or hereafter erected on the pmperty, and all easements,
<br /> :� righta, appurtenances, rents, royalties, mineral, oil 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".
<br /> Borrower rnvenanta that Borrower is lawfully seised of the estate hereby conveyed and has the right
<br /> ,. z tp mortgage,grant and convey the Property, that the Property is unencumbered, and that Borrower svill
<br /> { warrant and defend generally the title to the Property against all claims and demands, subject to any
<br /> q easements and reatrictions 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 /> ._j �PROVIDED Ar,wn�ts, and these presents are esecuted and delivered upon the following conditions,agree- � .� . �
<br /> t ments and obligations of the Borrower, to-wit:
<br /> f The Bortower agrees to pay to the Lender, or order the principal sum of_�?IRTS[_SEV�j�_.��Qu��p j ,..
<br /> __.�Q.F��IDRED__AND NO 100--------------------�----� ,
<br /> � ••---••-•.�---•---•-•----.._---------------•-•----...---•--••-----.....-------Dollars US$-._37,,20Q--QA..-•-----...---•••-
<br /> . ( �
<br /> ;� payable as provided in a note egecuted and delivered,con�urrently herewith,the final payment of principal, '
<br /> � if not sooner paid,on the---First -----. day of _....----Fe ruary- ---•.-•--------- ,��,._29.07
<br /> '"""' --••---•
<br /> � UxixoaM Covsxnxrs.Botrower and Lender covenant and agree as follows:
<br /> =Y
<br /> ` 1. Paymeat of Priadpai�d Iaterest. Borrower shall promptly pay when due the principal of and in-
<br /> 'a 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 /> q 2. Fuads for Taxes�d Insuraaace. 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 /> j 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 gmund 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 /> stallments for mortgage insvrance, if any, all as reasonably estimated initially and from time to time by
<br /> ; Lender on the basis of assessments and bille and reasonable estimates thereof,Lender ahall apply the Funds
<br /> � �I�said taaea,assessments,inaurance premiums and ground rents. Lender shall make no charge for so
<br /> 1 give to the Boprrpow r�wi'thon nc��r verifying and compiling said asaessments and bills. The Lender shall
<br /> r� harge,an annual accounting of the Funds showing credits and deMts to the
<br /> Runds and the purpose for which each debit to the Funda was made. The Funds are pledged as additional
<br /> security for the,sums secured by this Mortgage. The Borrower agrees that the Funds may be held by the 4s}- ;�
<br /> ^� l.ender'at�d commingled with other funds and the Lender's own funds and the Lender may pay such items -
<br /> from its own,funds and the Lender shall not be liable for interest or dividends on such Funds. :; � `
<br /> T� If the amovnt of the Funds held by Lender,together with the future monthly installments of Funds J �"�
<br /> psyable•psior�-to��ti�e due-dates of tax�,aseesameats, insurance premiums and ground rents, shall exceed
<br /> $ tti.g amount reqnired topa y said tases,assesaments;inaurance remiums and �,�
<br /> p ground rents as they fall due, t,
<br /> snch:eacees;s}iall�e,at Borrower's:"option;'either promptly repaid to Borrower or credited to Bortower on ¢ ,;�.
<br /> " monthl3%"inatallmenta of Funde. If-the amount of the Funda held by Lender shall not be sufficient to pay `'� " =
<br /> tt taaea, asaesemenfs;insurance preiniums and gronad rents as they fall due,Borrower shall pay to Lender {�?''' aw�,�.�-�
<br /> WF
<br /> �� sny amount neceseary to make up the deficiency within thirty days after notice from Lender to Borrower
<br /> reqneatinp;;paymeat thereot, or Borrower ehall, by an increase in monthly inatallments of Funds required,
<br /> � repay the'deficiericy withiir the,Fund acxounting period.. ;
<br /> iJpoa,paymeat tn full of all suma aecured by this MortRaRe,Lender shall apply Funda held aR a credit �
<br /> 5 againat.alI sums due.
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