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<br /> INDIVIDUAL
<br /> DUE ON SALE
<br /> Fl�'r CPTIONAL FUTURE ADYANCES
<br />' SAVINGS FUND
<br />(� .� ��_■ � FORM N0.720 F �
<br /> 1' V�'�`ry Loan Number---�5_4AQ_-_rY18$__ e1�h �
<br /> t
<br />� �g_ 000802 M O R T G A G E
<br />,
<br />;" TFiI3 MORTGAGE,made and executed this...........................8. day of�..... . ._ ........ ......._.. A.D.,
<br />� 19��._,between the Mortgagor ..�rry P. Ro�+and__Sharon.0._.Roy,�_ husband_.and_w.__ e�__jg�,Atly '
<br />; _and each in their own rig�t, ....•• -------- •---.. ...
<br /> ............... ..._.....- �------• -•--..._. .........- • ---•�-- • -------- ... . ...... .._
<br />, °f---...Grand Island. County of ......---.•-Hall--•-------------State of---Neb.raska 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 6$501, its successors and assigns, hereinafter referred to
<br /> as Lender.
<br />" � •qgE • Th9t tl� s 'g gorrower for and in conaideration of the sum of ._.FORTY SIX THOUSAND
<br />' 1W0 I��D �RTY AND 0�00------------------------D , 46 �
<br />' .............•---•-••••----...__.........__....__.....-------------�--�•----- -�--------•--- oLars (US$---�---•240.00
<br /> .......---�-----------• -------------•--
<br />,' paid by said Lender,does hereby mortgage, grant and wnvey to Lender, its successors and assigns; the '
<br />�- following described property located in the County of ...............Hall , State of Nebraska:
<br />�
<br /> All of Lot Three (3) and the South Thirty (30) feet of Lot Two (2) in Block
<br /> Two (2) in Bel Air Addition to the City of Grand Island, Hall County,
<br /> Nebraska.
<br /> ; �
<br /> TocETxEs 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 stock, and all fixtures now or hereafter attached to the property, all of which, including replace-
<br /> ments and additiona 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,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 r
<br /> easements 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 abstracten
<br />� PROViDED ALWAYB. and these presents are executed and delivered upon the following conditions,agree- � ,
<br /> ments and obligations of the Borrower, to-wit:
<br /> The Borrower ag to pay to the Lender, or order, the principal sum of _FORTY..SIX,THOUSAND_TWO
<br /> HUNDRED FORTY AND DI�100--------------------------- Dollars (US $-.46�240.00 ..._------•----)
<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----.....lst--.---.... day of..._...Februar�!---..._.....___..., 1�..2007 '
<br /> Ux�soens CovExniv�rs. Borrower and Lender wvenant and agree as follows:
<br /> 1. Payment of Pziacipal �d Tatarest. 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 pmvided in the Note,
<br /> and the principal of and interest on any Future Advances secured by this Mortgage.
<br /> 2. Funds for Tmces aad Insuz�ce. Subject to Lender's option under paragraphs 4 and 5 hereof,Bor-
<br /> rower shall pay to Lender on the day monthly inatallments 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 /> assessments which may attain priority over this Mortgage, and ground rents on the Property, if any plus
<br /> one-tweIfth of yesrly premium installments for hazard insurance, plus one-twelfth of yearly premium in-
<br /> stallxnents for mortgage insurance, if any, all as reasonably eatimated initially and from time 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 taxes, assesements,insurance premiums and ground ren�v. I.ender eha11 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 Bortower,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 additional
<br /> security. for",the sums secured by this Mortgage. The Borrower agrees that the Funds may be held by the :�
<br /> ` L:ender and'commingled with other funde and the Lender's own funds and the Lender may pay such items � �–'
<br /> from'its own fnnds'and the Lender shall not be liable for interest or dividends on such Funds. :�
<br /> If the.amount of the Funds held b Lender,to ether.with the future monthl <
<br /> y g y installments of Funds
<br /> payable-;grior to:the due dates of taaes;assessmente, insurance premiums and ground rents, shall exceed �
<br /> the atnoant required topa y said taaes,aesessments,insurance premiuma and ground rents as they fall due, „
<br /> such ezcess shail be,at Borzower's pption, either promptly repaid to Borrower or credited to Borrower on �:i '
<br /> ' monthly instsllments of Funds. If the amount of the Funds held by Lender shall not be sufficient to pay �'" '
<br />° tazes, a�gsessment�insurance reanums and . -•'�'
<br /> �,s,. ,
<br /> p ground rents as they fall due, Borrower shall pay to Lender ,,�__
<br />, any amount'necessary to make up the de8ciency within thirty days after notice from Lender to Borrower
<br /> requeating>payment thereof, or Borrower ahall, by an increase in monthly inEtallments of Funds required,
<br />' repay �he deficiency within the Fund accounting period.
<br /> Upon payment in full of all aums secured by this Mortgage,Lender shall apply Funds held as a credit �
<br /> againat all sums due.
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