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<br /> � IfVDiVIDUAL
<br /> DUE ON SALE
<br /> �R� OPTIONAL FUTURE AOVANCES "'
<br /> � �� ' SAVINGS FUND �
<br /> FORM NOJ20 � � ,� 1���
<br /> � ��N Loan Number----�5_�2�_-_Tl$$- --B 1�ti `� -�
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<br /> �.;� M. O R T G A G E �. y
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<br /> .� THI3 MORTGAGE,made and executed tivs......__.�3.............day of....._........_....... _
<br /> �'" f...............A.D.� x ..
<br /> � 19 7.� between the Mortgagor,__.Jon T_ :Doty and Kareq L..Dot�!� hueband,and.wi£e�__.jointly •• " .,, . f ;
<br /> . , ---
<br /> 1 anc� each in their own ri�ht, ._ .__ _ �
<br /> � . .-•.......................... - •-•---.. .•-•-- d
<br /> of ..._:.Grand Island County of.-•-- ---•-gall . State of_..Nebraska..... ,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 68501,its successors and assigna, hereinafter refened to l
<br /> as Lender. 4�
<br /> ' . WITNESRETH: Tt18t tI1Q 581C1 $onower for and in consideration of the sum of_.TE?ELVE__TEiOUSAND.__
<br /> j:
<br /> `:4. SEVE�T HIRIDRED FIFTY AND NO/100---------------------�pl:ars (US$-----12�750 00 ) # T :�w
<br /> . ............................................-----.._...._......----•-----------.....---...---------•-•�----�---- ...._.__.
<br /> i paid by said Lender,does hereby mortgage,grant and convey to Lender, its successors and assigna; the -�� , =" '
<br /> ' foilowiag described property located in the County of ...................Hall .__._........� State of Nebraska: �. ' �
<br /> +3 � ,', ',a�
<br /> t I,ot Ten (10) in Block Four (!!+� in Rollins' Addition to the City of Crrand Island, 2��:
<br /> fHall County, Nebraska. � . ��:
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<br /> � TocETxsa with ali the improvements now or hereafter erected on the property, and all easements, �N - ,,
<br /> rights, appurtenances, rents, royslties, mineral, oil and gas rights and profits, water, water rights, and 4' ��,�
<br /> water stock, and all fiatures 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 r���"
<br /> Mortgage; and all of the foregoing,together with said property (or the leasehold estate in the event this �, �ti '
<br /> Mortgage is on a leasehold) are herein referred to as the "Property". �^� �rk'+
<br /> { Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right - �>r "u��a
<br /> , ] to:mortgage, grant and convey the Property, that the Property is unencumbered, aad that Borrower.wili �', � '
<br /> t warrant and defend generally the title to the Property against all claims and demands, subject to any +. � j
<br /> � essements and reatrictions liated in a schedule of eaceptions to coverage in any title insurance policy in- i '. � �;�,
<br /> � suring Lender's intereat in the Property,or (2) attorney's opinion of title from abstract of title certified
<br /> by bonded abstracter. . � ti '';
<br /> PBOVIDED ALWAY3� and these presents are executed and delivered upon the following conditions,.agree- `' �
<br /> � x ' �fi
<br /> � ments and obligations of the Borrower, to-wit:
<br /> ` `i TWELVE THOUSAND ' `
<br /> ; The Borrower a�rees to pay t�the Lender,or order,the nnci al sum of...__...__._.................................... c
<br /> 1 .SEVEN--HDNDRED_FIFTY AND NO/100-----------------p-`Dollars cus$....12,�so.00.---.------------> ,
<br /> ! payable as provided in a note eaecuted and delivered,concunently herewith,the Snal payment of principal,
<br /> � if not sooner paid,on the......_:.a.&t.-•-•----•--day of----....Max:c�'1.--••-•------•--•--•-----•> 19--•-�• � :
<br /> ,c j UxiP'osns CovErrnt�rrs. Borrower and I.ender covenant and agree as follows: , '
<br /> ;(3 - 1. Paymant of Pziacipal mid Interesti Borrower shall promptly pay when due the principal of and in-
<br /> tereat 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 /> `E 2. Funds for Taxes and Iasurca►ce. Subject to Lender's option under paragraphs 4 and 5 hereof,Bor-
<br /> � rower shall pay to I.ender on the day monthly installments of principal and interest are payable under the r<
<br /> Note,nntil the Note is paid in full,a sum (herein"Funds") equal to one-twelfth of the yearly taxes and
<br /> � assessments which may attain prion'ty over this Mortgage, and ground rents on the Property, if any plus
<br /> (� _ one-twelfth of yearly premium installments for hazard insurance, plus one-twelfth of yearly ptemium in-
<br /> atallinents for mortgage.insuraace, if any, all as reasonabiy estimated initially and from time to time by
<br /> Lender on the basis of assessments and bills and reasonable eatimates thereof,Lender shall appiy the Funds
<br /> to pay said taxes,assessmenta,insurance premiums and ground rents. Lender shall make no charge for so
<br /> --'� holding and applying the Funda or verifying and compiling said assessraents and bills. The Lender ahall
<br /> ,� �v e to the Borrower,without charge,an annuai accounting of the Funds showing credits and debits to the
<br /> Lrnnds and the purpose for which each debit to the F�nds was made. The Funds are pledged as additional
<br /> aecurity for the'sums:aecured by this Mortgage. The Borrower agrees that the Fnnde may be held by the
<br /> Lender and commingled with other funds and the Lender's own funds and the Lender may pag,such items ;
<br /> from its'own funds and the Leader shaIl not be liable for intereat or dividends on such Funde. „�,�,.,
<br /> ° If.the amount of the Funds heid by Leader,together with the future monthly +�a+�+�i•*+enta of Funds '. �
<br /> psyable:prior to the due�dates of taxea,asaeasmenta, insuzance premiums and ground rents, ahall exceed :; .�: ';
<br /> the amouat required'�topa y eaid taaea,ssaessments,insvrance premiums aad groand rents as they fsll due, �+ ,
<br /> r, anch es�eafl-.shall b�at;Borrower's option;either promptly repa�d to Borrower or credited to Borrower on �` 'b
<br /> �3 rttonthly;yastallirieats of tFimda. If�the smount:;of the.Eunds held by Lender shall not be sufficient to pay `�
<br /> � tsaea, assessments inaurance reminma and' Y P Y �'
<br /> � any aa�ovnt n � • p gs+ound rents as the fall due, Bornower shall a to Lender �
<br /> ec�asary to matce up the_deficiency wittaa ttrirty days after notice from Lender to Borrower °�'' `
<br /> '�'�' ieyuesf.iag payriie�thereof, oi Boriower sha]I, by an increase in monthly installments of Funds reqaired, '"pv w�
<br /> rt4� repaY�tIze deficiency within the Fund accounting,period.. y
<br /> ,�, �Upon payment sn fulI of all sums aecured by�this Mortgage,Lender shall apply Funds held as a credit
<br /> -7 against:all:auma>due. ; _
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