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<br /> CORPORATION
<br /> DUE OfV SALE � y ^
<br /> j; �■ OPTIONAL FIJTURE ADVANCES ` H�.
<br /> ` FORM No:72i . � � - � � � s i' ;
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<br /> ��; V��~ Loan Number__35599 ----18 --- 1 � }
<br /> ��� TYoe . '_Br�ncn �' � af.
<br /> i� �s-r�00903 � A n
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<br /> '` � � �� �MORT �GAGE �� '
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<br /> f THIS MORTGAGE,made and executed this ........._..xS�h...------.. day of....�eb�uazy.--_.............. A.D., �� ' �
<br /> ,. ! 19..7.8..:., between the Mortgagor, ------WATTON_GLASS COMPANY.--INC.......................--......----•--•----.....-------.--- P,
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<br /> '' • •----••----•------•.........................:.................... ......... ........•--�•---------- ....._......__........................_., a co ration, �_ �
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<br /> � organized and e�sting under and by virtue of the Iaws of the State of ..Nebr88�... ..................... herein- �; [ r�
<br /> after referred to as the Boxr�wer, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN [� '
<br /> ' ASSOCIATION OF LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, `
<br /> , hereinafter referred to as the Lender_
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<br /> � - WiTxessETx: That the said Borrower for and in consideration of the sum of.._._....._....___...................... �
<br /> } .SIXTY_THOUSAND--AND--NO/100---•--------------------.-- 60, 000.00.- -----•----
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<br /> -------Dollars (US$-•--- -• - ) , `':
<br /> A paid by said Lender, does hereby mortgage, grant and canvey to Lender, its successors and assigns; the �-`
<br /> �,a following described property located in the County of .__._.�11.............................. State of Nebraska: �" ,` �
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<br /> � Lots One (1), Two (2), and Ttiree (3). in Block Sixty (60),
<br /> Original Town, Now City of Grand Island, Hall County, Nebraska
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<br /> - % TOGETHER W1EI3 filI tIl@ improvements now or hereafter erected on the property, and all easements, �; t��
<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 € � C`'�'�-'
<br /> Mortgage; and all of the foregoing, together with said property (or the leasehold estate in tlie event this " r�4q�
<br /> Mortgage is on a leasehold) are herein referred to as the "Property". � ���F xb��
<br /> Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right � r� " '�Y''.
<br /> to. mortgage, grant and convey the Property, that the Pmperty is unencumbered, and that Borrower will k � �
<br /> warrant and defend generally the title to the Pmperty against all claims and dexnands, subject to any s ;:
<br /> easements and restrictions listed in a achedule of exceptions to coverage in any title insurance policy in- b
<br /> suring Lender's interest in the Property,or (2) attorney's opinion of title from abstract of title certified ! x°
<br /> by bonded abstracten Y y"'
<br /> PEOVIDED ALWAYS� and these presents are executed and delivered upon the following conditions,agree- � ��
<br /> ments and obligations o£the Borrower, to-wit: �
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<br /> The Borrower agrees to pay to the Lender,or order,the principal sum of...:........................................... e
<br /> SI�LTY..THOIISAI�ID..t1DJA..�IQ/1.QQ..--.-cc---_—r-----c.—.--r.Dollars (US$--.6�.-QQQ�lJQ..------- ) q
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<br /> f payable as provided in a note executed and delivered,concurrently herewith, the final payment of principal,
<br /> if not sooner paid,on the-----.�3.z:a�--------._ day of....----.Mar.�h•.................---.., 19..9�.. �
<br /> Uxisoens CovBxwxTs. Borrower and Lender covenant and agree as follows:
<br /> ; ;� 1_ Payment of Prin«pal�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; i
<br /> Z Funds ior Taxes�d 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 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-ywelfth of 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 from time to kime by
<br /> •� Lender on the basie of asses.sments and bills and reasonable estimates thereof,Lender shall apply the Funds
<br /> ;,� to pay asid taxes,assessments,insurance premiums and ground rents. Lender shall make no charge for so
<br /> holding and applying the Funds or verifying and compiling said asse.ssments and bills.The Lender shall
<br /> give to the Borrower,without charge, an annual accountang 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 suma secured by this Mortgage.The Borrower agrees that the Funds may be held by the
<br /> a�� F.ender and comuungled with other funds and the Lender's own funds and the Lender may pay such items �"'�'� ,
<br /> �. from its own funds and the Lender ahall not be liable for interest or dividends on such Funds. t; Y '.
<br /> I#the amount of the Funds,heId by Lender,togethe; with the future monthly installments of Funds � -' i
<br /> x , payattle:pnor;tq,°the dne.dates of taaea,assesements: insw�ance'premiums and ground rents, shall exceed
<br /> t � t he`amoun t,requixe d t o p' aq sai d:t a xes,asseasments,insurance premiums an d groun d rents as t hey f a ll due,
<br /> ,� - such"eaceas shall be,at`Borrower's option, either promptly�+epaid to Borrower or credited to Borrower on �.,�; Y
<br /> ;�# > monthly installmenta of Funds. If the amount of the Funds held by Lender shall not be sufficient to pay �' P „ �
<br /> � , taxes; aseesements,insnrance remiums and ,.��� <.,_ �
<br /> `"`_, _: � p gronnd reats as they fall due, Borrower shall pay to Lender _
<br /> � y emount neceseary to,a�ake up the deficiency within thirty days after notice from Lender to Borrower
<br /> -=� requeating'payment therebP,'or Bonower shall, by an increase in monthly installments of Funds required,
<br /> ;:.�, repay-the deficieacy withia the Fund aecounting,period.
<br /> Ugoh payment iu fu2l�of aIl sums.secured by this Mortgage,Lender shall apply Funds held ay a credit
<br /> '� against all suma'due. �
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