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� �
<br /> INDIVIDUAL '
<br /> DUE ON SALE
<br /> FlR� OPTIONAL FUTURE ADVANCES
<br />' � SAVINGS FUND
<br />` �FowM No.720 _. '�,
<br />'� VN��N Loan Number__ 34894 —7.88 — 1
<br /> —__—_TYDe____—Branch ' � .
<br /> 7 8-� �1 f)�3 5 71 M O R T G A G E
<br />{
<br />� THI$MORTGAGE,made and executed this........................0�7 day of�.. .....__...... . . . A_D.,
<br />' 19_7�...,between the Mortgagor,---liay..M.,.Saunde.r_s..and..Cindy._A...Saun ars�..h4�and.wi£e,.
<br />, ..._�o.i.nX�.Y..and...�acb..�i.n...tlxeix._.o.�n_.zight.,................••-------•----•--••---...._.............----�-----------------------------...__._..._
<br /> of--.-----._��a�c�..��.�.a�d...., County of_._._.......H.a7.l..................>State of_rl�elzraska....._..,hereinafter referred
<br /> to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to
<br /> as Lender.
<br /> WITNESSETH: T}l8t t}7@ said Borrower for and in consideration of the sum of..�=RTY__SIX..T�OU$pTID '���� � � '���
<br /> EIGHT HUNDRED AND NO/L00------_-----.-----.--.---------Dol.ars (US$....36�800.Q0 i
<br /> .......................•--••---��--------�----------•------•-�-- - . .
<br /> ..............)
<br /> paid by said Lender, dces hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br /> following described property located in the County of .._......Hall,..._,__..............� State of Nebraska: '
<br /> Lot Eight (8) i.n Block Two (2) in Le Fieights Second Subdivision, Ha11
<br /> County, Nebraska being a part of the Northwest Quarter oP the Northwest
<br /> Quarter (NW� NW,i—,) of Section Eleven (11), 7bwnship Eleven (11) North,
<br /> Range Ten (10) West of the 6th P.M., Iia11 County, Nebraska
<br /> TocErxEx with all the improvements now or hereafter erected on the pmperty, and all easements,
<br /> rights, 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". e
<br /> Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right
<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 '
<br /> easemenfs and restrictions listed in a schedule oi 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 abstruct of title certified
<br /> by bonded abstracten
<br /> PROVIDED 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�Z�tT.Y.._SS�1C._THA.iISAND__._
<br /> .E.IGHx..�IINA�R_.Ai�l12_NQ11.4S?-_---r.r..---r.r...---r..--c.----r...--c�ollars (US�--.36.,.8QO...QQ----_----_--•-----.)
<br /> payable as provided in a note executed and delivered,concurrentiy herewith,the final payment of principal,
<br /> if not sooner paid,on the.._F.irst.............day of....._Eetzruaxy_..........._.........,�C....2007 '
<br /> UNIFOAM Covexnrrrs. Borrower and Lender covenant and agree as follows: , . � . �
<br /> 1. Payment of Principal�d Interest. 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. Fnnds for Taxes end Insur�ce. 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 intsrest 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 /> assessments which may attain priority over this Mortgage, and ground rents on the Property, if any plus
<br /> one-twelfth ot yearly premium installments for hazard insurance, plus one-twelfth of yearly premium in-
<br /> stallments for mortgage insurance, if any,all as reasonably estimated initially and frorn time to time by
<br /> Lender on the basis of asses.qments and billa and reasonable estimates thereof,Lender shall appiy the Funds
<br /> to pay said tazes,as.cesgments,insurance premiums und �round 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 /> 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 piedged as additional
<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 itema - ,r
<br /> from its own funds and the Lender ahall not be liable for interest or dividends on svch Funds. a`.
<br /> r� r�
<br /> If the amount of the Funds held by Lender,together with the future monthly installments of Funds I � '
<br /> payable prior to the,due dates'of taxes,assessments, insurance premiums and ground rents, shall exceed ' '
<br /> , the amount required'to pay sa.id taaes,assessments,insurance premiums and ground rents as they fall due, ;_ ;
<br /> such excese-shall be,at Borrower's option,either promptly repaid to Borrower or credited to Bonower on
<br /> montlily installments of Fund@. If the aatount of the Funds held by Lender shall not be suf&cient to pay _�,1,$
<br /> taaes, asseasments, insurance premiums snd gt�ound rents as they fall due, Borrower shull pay to Lender :._.,�. _.
<br /> any amount necessary to make up the deficiency within tfiirty days after notice from L,ender to Borrower
<br /> requesting payment thereof, or Borrower shall, by an increase in monthly installments of Funds required,
<br /> repay the deficiency within the Fund accounting period.
<br /> Upoa payment in full'•oi all sums secured by thig Mortgage, Lender shall apply FLmde held ws a rredit
<br /> against all sums due. �
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