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<br /> INDIVIDUAL
<br /> DUE ON SALE
<br /> ; FlR� OPTIONAL FUTURE ADVANCES
<br /> j SAVINGS FUN� ,
<br /> ,� FonM NOJ20
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<br /> �, Loan Number---��-4-----ro�8---a1�<� � ,...
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<br /> M O R T G A G E
<br /> ; � � � � 4,,
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<br /> � THIS MORTGAGE,made and executed this_....._..�-.�................ day of _..._=i.2__.e...G..�_s..�.-__�-..�............_ A.D., ~
<br /> ° 19 �� between the Mortgagor, --...Losist��..L�..f�ii.7.s.eg--,Etmd..I�aASJ..L�..W.i.l.&�y_,...husb�nsl..and..x�i�e., '
<br /> .••• •••-••..:.....................•---3v3.nxlx._and.__aa�ln__��._�#�e.��:..�..xi�t..---....._..._...---•-•-•-----•-----••--•--••-----•--......-- ; •.
<br /> ;� of---�xAltiil_..�S��n.d...-•--•---, County of.---....Iial.7...--•----------------- State of....._ALebX�8k4a....,hereinafter referred �. ! ;
<br /> � to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> ;J LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501,its successors and a.ssigns, hereinaff.er referred to
<br /> .� as Lender. '
<br /> .� WITNFS$ETH:� TI18t tI1B said Borrower for and in consideration of the sum of ...?,Y�E�?�X__S.I�C__�4U�AND
<br /> � ...AND._13Q/_a,U.4.----_-----_-----.----_-----_-----.----------.---Dol:ars (US s..�4,Q9P.RV-•----------------)
<br /> ;� paid by said Lender,does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br /> i following described property located in the County of _.........��J.......................... State of Nebraska: • ` �.
<br /> � Lot Fovr (4) in Fractional Block Six (6) in Woodbiae Addition to �
<br /> �{- the City of Grand Island, Hall County, Nebraska. `:
<br /> 6 4 }a
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<br /> Toc�rx�s 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 pmfits, water, water rights, and
<br /> j . water stock,and all fiatures now or hereafter attached to tl�e property, all of which, including replace- � ~"k
<br /> rn°;
<br /> f inents and additions thereto,shall be deemed to be and remain a part of the property covered by this i }
<br /> I 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 refeaed to as the "Property". '�'
<br /> Borrower covenants that Borrower is lawfully aeised of the estate hereby conveyed and has the right ` r�
<br /> to mortgage,grant and convey the Property, that the Property is unencumbered, and that Borrower will i `�;.
<br /> warrant and defend generally the title to the Pmperty against all claims and demands, subject to any � i'
<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 abstracter. ''
<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 /> �;t
<br /> The Borrower agrees to pay to the Lender, or order,the principal sum of __7.4�T��R..$�X._�iQUS/.l�T.R..__ � �:-:
<br /> ADID..Ntl�lDAcar.--.--------r..----r_-c--r..---r..----t.-----.---Dollars (US $--26 000 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.......1sb--•----•----- day of.-.------Maxch- • ............... ..... 18x..2Q03 ' �:_
<br /> Uxir�os[K Covsxwxxs.Borrower and Lender covenant and agree as follows:
<br /> � ' 1. Payarent of Priacipal aad Iaterest Borrower shall promptly pay when due the princ�pal of and in-
<br /> terest on tlae indebtedness evidenced by the Note,prepaycnent 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 Tmces�d 7nsur�ce. Subject to Lender's option under paragraphs 4 and 5 hereof, Bor-
<br /> mwer eha11 pay to Lender on the day monthly installmenta of principal and interest are payable under the
<br /> Note,until the Note is paid in full,a aum (herein"Funds") equal to one-twelfth of the yearly taxes and
<br /> asaessments which mny attain priority over this Mortgage, and ground rents on the Property, if any plus
<br /> one-twelfth of yearly premium installments for hazard insurance, plus one-twelftta of yearly premium in-
<br /> stallments for mortgage insurance, if an�,all as reasonably estimated 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,asaessmenta,insurance premiuma and�ro und rents_ Lender sha11 make no char e for so
<br /> holding and appiying the Funds or verifying and compiGng said assessments and bills. The Len�er shall
<br /> give to the.Borrower,without charge;an annual accounting of the Funda showing c=edits and debits to the
<br /> Funcls and•tbe purpose'for which each debit to the Funds was made. The Funds are pledged as additional
<br /> aecurity for the sums secured by this Mortgag� The Borrower agrees that the Funds may be held by the .
<br /> Lender and wmmingled with other funds and the.Lender's own funds and the Lender may pay such items „`--�;. >
<br /> from itg own funds:and the Lender ahall not be liable #or interest or dividends on such Fhnds.
<br /> �f the`amount:of the Funds held by,Lender>together with the future monthly installments of Funds ' �
<br /> payable,�prior.to the•due dates.of taaea, sssessments, insurance p;emiums and gronnd rents, shall eaceed ,J " ,'
<br /> the ameunt-xequired ta pay said tsaes;assesaments,insurance premivms snd ground rents as they fall due, ��
<br /> su�h�eacess.shall•be,at Borrower's'option,.either'promptty repaid to Borrower or credited to Borrower on
<br /> .,;
<br /> nioathly installmente of'Funds. If the amount of.the Funds beld by Le�xder shall not be sufticient to pay �k,�"
<br /> taues,essessments;insarance preminms aad'gsound reats as they fall due, BorroWer shall pay to Lender `' "
<br /> ' siay_amoimt ri "°,, �'� .:
<br /> ecessary to make.up:the deSciency within thirty days after natice from Lender to Borrawer
<br /> i requesting paya�ent thereof;or Borrower-shall, by:aa inCrease in monthly installments of Funds required,
<br /> repap the�efioieacy within the Fund accounting period.
<br /> �� ' I3pon.payment in fvll of all sums secured.by this Mortgage,Lender shall apply Funds held as a credit
<br /> f against all suma due. �
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