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<br /> , _ _ _ ,— �;
<br /> ;' - . �, ._.l �
<br /> INDIVIDUAL
<br /> DUE ON SALE
<br /> OPTIONAL FUTURE ADVANCES
<br /> > SAVINGS FUND
<br /> � � � � .�,.
<br /> � . �� ..FoeM NO_720 � . . . . . .
<br /> � Loan Number---�3,526fi- -..L$.@.- -1-- ¢` , � �
<br /> .,.�t . . � TYPe 8�an<h �y', �,�:
<br /> } . � ,.. . . . 4 ..
<br /> � 78��3���3iiE'i M O R T G A G E ' �
<br /> -j ' . :, . � ..,. . � . . . _
<br /> i THIS MORTGAGE,made and executed this___._.._..../..�?.............. day of.......�...__...... . A.D., '
<br /> ' . . . ._..._ , ;
<br /> ; 19..��.,between the Mortgagor,...Q7CV�,].J.e._I.....&mi.th..and.ZCathleea.R,...Smith,..hus aad..and__wi.fe, � ,' : `
<br /> i iq�.nt7,y..amd_.�ac1i_.��a__xh��s._Qrna._xiglaC�............._.._............ . ;`
<br /> - ....•-•---...-•-••----•-•---------------•--...----••--•--•----...._.....-----
<br /> j of...._....Grand.Island._.., County of..............IidJ.l--•----........,State of._�Iebxaska.------,hereinafter referted � �' ;
<br /> ' � to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to ,:
<br /> 3 as Lender. 'c.
<br /> � ; ;
<br /> ; ;
<br /> � WITNE33ETH: T�19t th said Bonower for and in consideration of the sum of ..Tg=RTY IQINE_.THOUSAND ? �'
<br /> SIX HUNDRED AND NO/1�0-------------------------- , 39,600 00 '
<br /> � •...................•-•-••-------------.......-----••----............._,..--•-•--•---•--.._....--�------------Dol.ars (US$-----...._..... ......... .. ------•) ` .,;:
<br /> ! paid by said Lender, does hereby mortgage, grant and conveiy to Lender, its successors and assigns; the :
<br /> ' ; following described property located in the County of__...Ha 1 � ' ;
<br /> --_.---••....................... State of Nebraska: �
<br /> , � Lot Elevea (11) and the Westerly 27.10 £eet of Lot Ten (Y�), in Dean's Subdivision in
<br /> � the SG1� of Section 3, Tawnship 11 North, Range 9 West of the 6th P.M., Hall ="
<br /> i Covnty, Nebraslza_ '
<br /> F Y
<br /> � f.
<br /> � f
<br /> TocETx�x with all the im rovements now or hereafter erected on the $
<br /> p property, and all easements,
<br /> � rights, appurtenances, rents, royalties, mineral, oii and gas rights and profits, water, water rights, and S .
<br /> � water stock, and all fixtures now or hereafter attached to the property, all of which, including replace- i
<br /> ments and additions thereto,shall be deemed to be and remain a part of the property covered by this i ' ��
<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 7 '�::
<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 /> easements and restrictions listed in a schedule of exceptions to coverage in any title insurance policy in- i ',%
<br /> suring Lender's interest in the Property, or (2) attorney's opinion of title from abstract of title certiSed �
<br /> :
<br /> by bonded abstracter. � �
<br /> PROVIDED ALWAYS� and these presents are executed and delivered upon the followiag conditions,agree- "
<br /> �
<br /> ments and obligations of the Borrower, to-wit: ?
<br /> ;
<br /> � The Borrower agrees to pay to the Lender,or order,the principal sum of�=R?'?C_H��__xI�QUSAN72...
<br /> ' _ _, . AND NO 10 - - -----
<br /> 5.��:Hj7�DItED................�---�-__-_.--.—.---.--------•-------�--.....--.-_Dollars US$.-.__:��_}bQ9.._QQ-•---�-------....) � :
<br /> (
<br /> payable as pmvided in a note executed and delivered,concurrently herewith, the final payment of principal,
<br /> if not soonerpaid,on the_......---••-lst---..... day of_..__.... MarcB .............. 3r�--�007 ` ;
<br /> � � UrresoaM Cov�vwx�rs.Borrower and Lender covenant and agree as follows:
<br /> s
<br /> � 1. Paymeat of Priacipal�d Iatarest. 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 /> P 2. Fnnds for Taxes�d Iasur�ace. 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 /> ',?�' Note,until the Note is paid ir £ull,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 of yearly.premium installments for hazard msurance, 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 asseasments and bills and reasonable estimates thereof, Lender shail apply the Funds
<br /> "f to pay eaid taaes,assessments, insurance premiums and ground rents. Lender shall make no charge for so
<br /> # hold"mg"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#or which each debit to the Funds was made. The Funds are pledged 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 funda and the Lender's own funds and the Lender may pay such items
<br /> from its own funda and-the Lender shall not be liable for interest or dividends on such Funda. "��
<br /> ` "If the amount of the:Funds held by Lender,together with the future monthly installmenta of Funds . "�'.
<br /> �r payable psior to;the due dates of tazes assessments, insurance [
<br /> , , premiums and ground rents, shall egceed � � ;
<br /> the,aaiount required to pay said.tasea,assessmente,insurance premiums and ground rents as they fall due, 1
<br /> , such eacess shall-:be,at,Sorrower's option,eitlYer'promptly repaid to Borrower or credited to Borrower on �w � �
<br /> 4 montlily installments of'Funds.-If the amount of the Fnnds held by Lender shall not be sufficient to pay r,;
<br /> fi ��' taaea, assesaments,insursaice preminms and ground rents as they fall due, Borrower shall pay to Lender Y �' �
<br /> t eny amount necessary•to make up the deficiency withia thirty days after notice from Lender to Borrower .;,�„r ,„_ .;
<br /> .
<br /> � requeat3ng paya�ent.thereof;or Borrower shal�, bq an increase in monthly installments of Funds required,
<br /> 3 repay the deSciency within the Fund accounting.period_
<br /> $ Upon payment.ia futI of all sums secured by this Mortgage,Lender shall apply Funds held as a credit
<br /> 's against all sums due.
<br /> �,... .. _,... . . > .. .:_,..,.. .�... ,,.,. , . , �
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