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<br /> INDIVIDUAL
<br /> � ' DUE ON SALE
<br /> OPTIONAL'FUTURE ADVANCES
<br /> ' �L : SAVINGS FUND
<br /> .,� Fonut No.720�, � . � . . � -.-�� . ,; �
<br /> Loan Number___ 35626 — 188—1 >,
<br /> � ... _. .. . . . —_—_TYOe___—�Brancl�
<br /> �_� 7.8-• JU1025 ` M' ORTGAGE �
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<br /> � THI$MORTGAGE,rnade and eaecuted thia ..................._.._..�_�..�day of "T.�..�_l..G.�... ... _ A.D_,
<br /> . �Y'�•-•--...__. f `.
<br /> . � 19.7�.:,between the Mortgagor, .---MiStqn..w..-Loe,�--aAsi..�?.?tda..?��k.<...hs�sb.an�T..azid._w.z.£z�..,j.aar�tZy . �
<br /> ,:,.
<br /> , • and each in their„own,right�-•--....• ---.._---...._.......•-•-•---•-•..............•----•----_........._._...•----•-------.........__ �.
<br /> = • - -----.._..
<br /> ; of ..,..Grand IsZand. . County of .....------••Xa1Z . State of__..N.ehz's?sl.ca.......,hereinafter zeferred ` '
<br /> _ __...._. ..---> .............._.., r. '
<br /> � to as the Borrower and the Mortgagee, FIRST FEDEF2AL SAVINGS AND LOAN ASSOCIATION OF ��
<br /> � LINCOLN, 1235 "N"Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to �::'
<br /> � as Lender. �,,
<br /> £
<br /> ;� WtTxEsseTx: That the said Borrower for and in consideration of the sum of ....THIRTY_2Wo TAOVSAND " `:
<br /> ..............-- :i
<br /> . NINE SUNDRED AND ND/100------------------------------�ol:ais (US$._.32,900.00..................)
<br /> •----__.._.__...-•---•-----.....-----.......................................•----•--•--•-•�---...--• .
<br /> ! pa�d by said Lender,does hereby mortgage, grant and convey to Lender, its successors and assigns; the :
<br /> � following described property located in the County of ---•-----..._...Ha1Z...............•---� State of Nebzaska: t'' `. ,.
<br /> � -
<br /> 'i Lot Nine (9) in Fractional Block Seventeen (17) in Ashton Place, anAddition E„
<br /> " � to the City of Grand Island, Hall County, Nebraska, excepting thereProm the Southerl�
<br /> , � seven (7) feet thereof. t
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<br /> � TocsrtrEs with all the improvements now or hereafter erected on the property, and all easements, i� 5
<br /> � ' rights, appurtenances, rents, royslties, mineral, oil and gas rights and profits, water, water rights, and �
<br /> water stock, and all fixturea now or hereafter attached to the property, all of which, including replace- -
<br /> i ments and additions thereto,ahall be deemed to be and remain a part of the property covered by ttris �
<br /> � Mortgage; and all of the foregoing, together with said property (or the leasehold estate in the event this �
<br /> � Mortgage is on a lessehold) are herein referred to as the "Property". P
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<br /> ;,j Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right
<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 liated 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 /> . PHOVIDED ALWAY3� and theae presents are esecuted and delivered upon the following conditions,agree-
<br /> ments and obligations of the Borrower, to-wit:
<br /> The Borrower agrees to pay to the Lender,or order, the principal sum of TXSRTY TWO T130USAND
<br /> --NINE HiJNDRED AND_NO�I00----------------------------�ollars (US 5--- 32 900 OD
<br /> •------•_•-•--....-^•--•- --..••� -•...............................•-•----••----------...._ ._.r....._ .._...--- -••-•---•� '
<br /> payable as provided in a note executed and delivered,concurrently herewith,the final payment of principal,
<br /> , if not soone;pnid,on the-----..�-kt..-----•---�-�Y of March----------•----- -��-----� --���-���
<br /> � UivTFoxrs CovExwrrrs. Sorrower and Lender covenant and agree as follows:
<br /> � 1. Paymant of Prix►cipel cmd 7aterest Borrower shall rom tl
<br /> p p y pay when due the priacipal of und in-
<br /> ,�, tereat 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 Fuads for Tcvices�d Insnr�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 futl,a sum (herein "Funds") equal to one-twelfth of the yearly taxes and
<br /> :�j assessments which may attain priority over this Mortgage, and ground rents on the Property, if any plus
<br /> ,� one-tweltth o€"yearly premintn installments for hazard insw�ance, plus one-twelfth of yearly premium in-
<br /> t stallmenta for mortgage insurance, if any, all as reusonably estimated initially and from time to time by
<br /> 'i - Lender oin the basia of asseasments and bills and reasonable estimates thereof,I.ender shall apply the Funds
<br /> f �PaY�d��,'essessmeata,insurance premiums and ground rents. Lender shall make no charge for so
<br /> 3 6olding and applying the Fnnds or verifying and compiling said assessments and bills. The I.ender shall t .
<br /> r g�v�e to the Bozrower, without charge,an annual accounting of the Funds showing credits and debits to the
<br /> �; $unds and ttie purpose for which each debit to the Funda was made_ The Funds are pledged as additional �' "
<br /> security for.the sums sebured by;thss Mottgage.The Borrower agreea that the Funds may be held by the
<br /> I.ender and commingled'with other funds and the Lender's own funds and the Lender may pay such items ,�,�
<br /> ,' fiom�ts,owRi funda and tlae I.ender sha21 not be Liable for interest or dividends on such Funds. � �.,s�
<br /> t If°the amount of:the F�ds'held by LEnder,together.with the future monthly inatallments of Funds �i "
<br /> ` " payabTe.Piaor�o'the.dne datea,of'tazes, as��}�. �aurance premiums and ground rents, shall exceed �s
<br /> tiie amount reqmi�ed topa y said taaes,aseeasments,:insnrance premiams and ground rents as they fall due,
<br /> - , siich eaGe"ss sl�ll:be, at-Borrower's optioa;either promptly repsid,to Borrower or credited to Borrower on * �s ..
<br /> ^ :rionthiy insta7lments of Faada. If the amount of,the Funde held by Lender ahall not be sufficient to pay � „+�€
<br /> �', �� ��s��s,u�surence Prea?inms aAd.ground zents as they fall due, Borrower shall pay to Lender �
<br /> `�Y��t neceseary to amake up'the deHciency.within:thirty days after notice from Lender to Borrower
<br /> y� ieques�ng�paymeat thereof, or Borrower ehall, by an'increase in monthly installments of Funds required,
<br /> P,� ,repay the d�fic�trncy within't�e Fund aocounting period.
<br /> � > Upon+payanent in full,of all aums secured by this Mortgsge,Lender shall apply Funds held as a credit I
<br /> �,l . againat all.sums due. _�
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