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<br /> � �;
<br /> ,..� �,...� - -
<br /> INDIVIDUAL -
<br /> � DUE ON SALE
<br /> i OPTIONAL FUTURE ADVANCES '
<br /> k 1 ccpm ` SAVINGS FUND = �
<br /> `�. � �-� FOrtM No.720
<br /> � . . . „ : � � � ' ��� �: :�
<br /> � Loan Number___35585-- --188_—_1__ �,
<br /> Troe er.ncn sn;
<br /> r.,
<br /> � 78.�: U01O�� M O R T G A G E
<br /> '�' HIS MORTGAGE,made and executed this.....................�.�j_.�.. day of�......-- •-.•-•_--- A.D., �' •�; .
<br /> � 19�8..,between the Mortgagor,_..Clarence_C._.Wagner_.and._Willa_A._.,Wagn�r,,_.hu3�..aAd__�ti£e, ,,,
<br /> " jointl_ and each in their own ri t
<br /> ,, ;
<br /> s ...._..._......_.Y.---.....--•.....................••-•-•-- ---------&h...:---... . -----�- -----••- ---....-- --...----••----..........._.........._..__........ :
<br /> ; of ,,,Grand Island County of..............�11 . State of___Nebras�Ca______.,hereinafter refeaed ' ` '
<br /> _....•-----•--�----...., .....................
<br /> � to as the Borrower, and the Mortgagee, FIRST FEDERRL SAVINGS AND LQAN ASSOCIATION QF
<br /> .? LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to
<br /> � as Lendea
<br /> a Wca�ssssTt;: That the said Borrower for and in consideration of the sum of ..FORTS[__THOUS,A�TI?,__.___
<br /> i EIGHT HUNDRED AND NO/100--------------------------Dol:ars (US$---- 40. 800 00„--•• ---••--)
<br /> r ....--•--•--..............•--...__.............._....................---...---�--•----�--------._.....--•-----.... ,-�---. ,
<br /> paid by said Lender,does hereby mortgage, grant and convey to Lender, its successors and assigns; the �
<br /> ,t following described property located in the County of .....................Hall . State of Nebraska: `
<br /> -----...--••---.._., . �.;
<br /> ;� �
<br /> � Lot 7t�o (2), Block Two (2), in Wieser Subdivisioa, a part of the �
<br /> West Half of the Southwest Quarter (W2 Wy) of Section 2, Township
<br /> '-; ].3_ North, Range 10 West of the 6th P.M., Hall County, Nebraska. �
<br /> ,
<br /> ,� s
<br /> ��t TOCETHE$W1tF1 all the unprovements now or hereafter erected on the property, and all easements, �
<br /> � rights,appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and
<br /> t water stock, and all fixtures now or hereafter attached to the property, all of which, including replace- �
<br /> � ments and additions thereto,shell be deerned to be and remain a part of the property covered by thia �
<br /> 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 referred to as the "Property"_ ,r.
<br /> � Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right
<br /> � ta mortgage,grant and convey the Property, that the Property is unencumbered, and that Borrower will �`
<br /> '1 �
<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 aay 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 /> P@OVIDED ALWAY3� and these presents are executed and delivered upon the following conditions,agree- �.
<br /> � ments and obligations of the Borrower, to-wit:
<br /> "� The Borrower$grees to pay to the Lender, or order, the principal sum of _.FORTY THOUSAND EIGHT �
<br /> ------•--•--•�-------------�------�-��-
<br /> _HUNDRED AND NO/100---------------------------�- 40 800 00
<br /> � ._ ....•-•---•.................._.......------••----_........__....._....----�•-•----•---•------••---....Dollars (US$......--'-��-•--�'•----•-•-�---�----•-•---�
<br /> payableas provided in a note executed and delivered,concunently herewith,the final payment of principal, '
<br /> "` if not sooner paid,on the--.•---.1st.---•--••--- day of_..._..----Mer�h. ............ ........ �..2Q0?
<br /> .�
<br /> ;i
<br /> UxiFoaNc Cov$xnx�rs.Borrower and Lender covenant and agree as follows:
<br /> ; 1. Pay:nent of Pziacipal�d Iaterest. Borrower shall promptly pay when due the principal of und 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 thia Mortgage.
<br /> " 2. Funds for Tmces�d 7nsur�ee. Sabject 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,untit the Note is paid in full,a stun (herein "Funds") equal to one-twelfth of the yearly taxec and .
<br /> "� assessments which may 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-tweltth of yearly premium in-
<br /> stallmenta for mortgsge insurance, if any, all as reasonably estimated initially and from time to time by
<br /> ,j Lender on the basis of assessments and bills and reasonable estimates thereof,Lender sha11 applv the Funda
<br /> :j to pay said taxes,ass�sments,insurance premiums and ground rents. Lender shall make no c�arge for so
<br /> ,� holding and apptying the Funds or verifying and compiling said assessments and bills. The Lender shall
<br /> give to the-Borrawer,without charge,'an annual account�g of the Funds showing credite and debits to the S
<br /> � Funds and.the purpose for wlvch each debit to the Funds was made. The Funds are pledged as additional �_,.
<br /> � security for the sums secifred by this Mortgage. The Borrower agrees that the Funds may be held by the _
<br /> Leader and commingied with other funds'and the Lender's own funds and the Lender may pay such items
<br /> .� from ats own funds and the Lender ahall not be liable for interest or dividends on such Fundg. � n�5 �
<br /> ' If the,,smouat�of the Funds held by Lender,together with the futuxe monthly installments of Funds � ;
<br /> payable�paor t+o the<due dates�of tazes,assesaments, insurance premiurns and ground rents, shall exceed �,..
<br /> the�amount requaed to,pa y said tazes,assessments,insurance premiums and ground rents as they fall due, g^- '�
<br /> � suah,eacess shall;be;at Borrotver's 'on 'either rom tl re 'd to Bozrower or credited to Borrower on ���
<br /> �i montbly`installmenta of=Funds. If tl e auiount of the Funds held by Lender shall not be suffecient to pay y "� '"
<br /> '; taaes; assesemente,insnrance preariums aad ground rents as they fall due, Borrower shall pay to Lender
<br /> .X retit�:;.-„•
<br /> ; any amount neceaeary:to.make.,up the deficiency within thirty days after notice from Lender to Borrower
<br /> {. ;equeating',*paymeat theieof, or Borrower ahall, by-an increase in monthly instsllments of Funds required,
<br /> _; repay the'd'eficiericy�within tI�e Fund accounting period.
<br /> .a
<br /> Upon payment in full of all sums eecured by this Mortgage, Lender shall apply Funds held as a credit t
<br /> against all auma due. _�
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