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<br /> INDIVIDUAL • •
<br /> DUE ON SALE
<br /> � OPTIONAL FUTURE A�VANCES
<br /> �� SAVINGS FUND
<br /> ! , FowM No.�720 � .. .
<br /> � V��N 35093 188 ----1-
<br /> Loan Number____ ____ _ ____
<br /> . .. . . . iYDe B��ncF , � ,
<br /> � 78-� �1fl���'i�
<br /> M O R T G A G E
<br /> .q . �� . . . . .
<br /> � THIS MORTGAGE,made and executed this........__..�5.............. day of_....�'`.�.`.`.�.`.`.^.` . .._...__ A.D.,
<br /> : {�---�
<br /> ; 19...7,�._,between the Mortgagor,....Ed.die._B�_..Romi.ne._and..Marsha._C....Ramtne.--hushand__and..ciife.. .
<br /> ; .__......-iaAat].Y..aad._��ah._im..the�.x..Qt,�a_.rS.glax,......_..--��-�---•...............•------------------•-•--•------•-•---------..._....---...._.... ,
<br /> 'i of_.Gz3�,us1:.Is.7.�1d----•----..., County of....__...Ha.l.7..............•-.---->State of_.._Neb�aska_.....hezeinafter referred
<br /> to as the Borrower, and the Mortgagee, FIRST FEDEI?AL SAVINGS AND LOAN ASSOCIATION OF
<br /> LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to
<br /> as Lender.
<br /> 1 WITNESSETH: T}l8t tI7C said Borrower for and in consideration of the sum of _.TAiRT�._F;('�[�_�HQUSAND � ��� � � -
<br /> ? ,.FIVE.HtTNDRED--AND--NO/100-,----.-.---..-..-.----_------.-----.---Dol;ars (US$-..._......38�500,00.._........)
<br /> paid by said Lender,does hereby mortgage,grant and convey to Lender, its successois and aasigns; the
<br /> � following described property located in the County of ____...__..�11........................ State of Nebraska:
<br /> ; Lot Twenty 1t�ro (22) Wol£e's Subdivision, In The City of
<br /> Grand Island, Ha11 Coun.ty, Nebrasks
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<br /> TOCfiTHER Wlttl all�the improvements now or hereafter erected on the property, 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 /> f inents and additions thereto,shall be deemed to be and remain a part of the property covered by this
<br /> i Mortgage; and all of the foregoing, together with said pmperty (or the leasehold estate in the event this
<br /> ;j Mortgage is on a leasel�old) 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 /> i 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-
<br /> suring Lender's interest in the Property,or (2) attorney's opinion of title from abstract of title certified
<br /> r by bondedabatracter.
<br /> �; . PEOVIDED ALWAY3� and these presents are executed and delivered upon the following conditions,agree- . � ; .
<br /> a ments and obligations of the Borrower, to-wit:
<br /> ' { The Borrower agrees to pay to the Lender,or order,the principal sum of.....�IRTY,EIGHT_THOUSAND
<br /> _ .._..._
<br /> i _-----------------�yttE--HLINDBEII..ADII1.NOl..1QOrr_----r.---rr.-----.----.'Dollars (US$--•--•----38�500.00. _........) ;,
<br /> payable as provided in a note executed and delivered,concurrently herewith, the final payment of principal,
<br /> ,) if not sooner paid,on the.....:.�xx'St.--------- day of.._....M6ETCk?-•...... ...... .... ..... D9C.2_Q07- ''
<br /> i
<br /> � � � UNIFORM CovExat�rs. Borrower and Lender covenant and agree as follows: � -
<br /> 1. Paymeat of Prittdpal amd 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,
<br /> and the principal of and interest on any Future Advances secured by this Mortgage.
<br /> ! 2. Funds for Taxes �d Insnr�ce. Subject to Lender's option under paragraphs 4 and 5 hereof,Bor-
<br /> rower shaA pay to Lender on the day monthly installmenta of principal and interest are payable under the
<br /> i Note,until the Note is paid in full,a sum (herein"Funds") equal to one-twelfth of the yearly taxes and
<br /> ,F assessments which may attain priority over this Mortgage, and ground rents on the Pmperty, if any plus
<br /> ; one-twelfth of yearly pzemium installments for hazard insurance, plus one-twelfth of yearly premium in-
<br /> � atallments for mortgage insurance, if any, all as reasonably estimated initially and from time to time by
<br /> . I.ender on the basis of assessments and bills aad reaeonable estimates thereof,Lender shall apply the Funds
<br /> � to pay said 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 assessments and bitis. The Lender shall
<br /> ; give to the Borrower,without charge,an annual accounting of the Funds showing credits and debits to the
<br /> Funda.and the purpoae 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 .u-�
<br /> 1 Lender and oommingled with other funds and the Lender's own funds and tI�e Lender may pay such items —" ,; '
<br /> ! from its own funds and the LencJer shall not be liable for interest or dividends on such Funds. '' �
<br /> ;,i If the amount of the Funds held by Lender,together with the future monthly installments of Funds , ., � �'
<br /> ,� payable prior to the due dates of teaea,assesaments: insurance premiums and ground rents, shall exceed
<br />,.`{ the amount required to pay said taaea,aseesaments,3nsurance premiums and ground rents as they fall due, �
<br /> ,�� such-eacesa s�all.be,at<Borrower's option,eit�er promptly repaid to Borrower or credited to Borrower on +� ,``�'
<br /> mont}ily'installments of Funds_ If.the amouat of the Funds held by Lender ahall not be sufI'icient to pay `'�K:r�.
<br /> + taxes, assessmenta,ins�ance premiums and'ground rents as they fall due, Borrower shall pay to Lender �-"� ^.�; - �
<br /> any amouat necessary to,make up the deficiency within thirty days after notice from Lender to Borrower
<br /> reqnesting payment thereof;or Borrower shaIl,'by an increase in monthly installments of Funds reqvired,
<br /> repay the de8ciency within the Fund accounting period.
<br /> ' ' Upon payment in fnll of all s�s secured by this Mortgage,Lender shall apply h'unds held as n credit
<br /> againat all aums due. �
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