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<br /> INDIVIDUAL . ,
<br /> DUE ON SA�E
<br /> ��'_' ' OPTIONAL FUTURE ADVANCES
<br /> �� SAVINGS FUND
<br /> -t ■.�� FORM No.720
<br /> I � Loan Number_ 35682--- - 1$$- -1--- �
<br /> 'ryoe enncn
<br /> 9 78-', 001079 MORTGAGE
<br /> . ,
<br /> j T�HIS MORTGAGE,made and executed this...._..c�!�. y � f A.D.
<br /> -- --------------- da of---f�•---i..w.. _ �
<br /> # 19 ?s...,between the Mortgagor,.----...Charlea._L�..B�_Sanhurg�..a.single--PersoA_...1.................-----
<br /> � ••..................................•------.....----........__...-•----._.._..---...-----....._..----.......-----........-----.....--�---••-••-•-----...--••-----•-••--•------.......
<br /> ° of.._..�JP�A�P.9x�14.....----.---.., County of ...............••- ----.-•---..._.....,State of-----.Ma 1and..._, hereinafter referred �
<br /> t to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF ;
<br /> .� LINCOI.N, 1235 "N" Street, Lincoln, Nebraska 68501, its succeasors and assigns, hereinsfter referred to
<br /> ;� as Lender.
<br /> j� WITNFS3ETFI: TF18L tTiE said Bqrrower for and in consideration of the sum of �?ELVE._T�QgSAxID...,._
<br /> � NINE HUNDRED FIFTY AND NO/100-------------------- 12 95U 00
<br /> � -••------------------------••-------...--�---•-•------.._..-----•---.._...---•-•---.....--•----...--� ---.....Dol:ars (US$......a. ..... . )
<br /> ---.... .........
<br /> ,� paid 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 ...__....._..___.�.11...................State of Nebraska: �
<br /> �(
<br /> '; Southerly 74 feet of Lot Six (6) in Block Forty-four (44) in Russel
<br /> � Wheeler's Addition to the City of Grand Island, Ha11 County, Nebraska.
<br /> :j
<br /> .�3 ''�� ���
<br /> � 1`ocETftss with all the impmvements 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 /> water stock, and all fixtvres now or hereafter attached to the pmperty, 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
<br /> Mortgage; and all of the foregoing, together with said property (or the leasehold estate in the event tl�is `
<br /> � Mortgage is on a leasehold) are herein referced to as the "Property".
<br /> 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 listed in a schedule of exceptions to coverage in any title insurance policy in-
<br /> snring Lender's interest in the Property,or (2) attorney's opinion of title from abstract of title certified
<br /> 3 by bonded abstracten
<br /> j P80VIDED ALWAYS� and these presents are executed 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__..7.FIEI.VE..THQIISA�ID..N=LQE
<br /> ---�III3AAF.P.�x�._.41ND..NIO/100---_----.-----.-----.-----.-----Dollars (US$....�2..:9.�9�..QQ--•�-----------�
<br /> � payable as provided in a note executed and delivered,concurrently herewith,the final payment of principal,
<br /> if not sooner paid,on the ......7.5.'G............... daY of-- ---...._..k1&x'Ch-----......- --- -..., 19---9�..
<br /> -� UNIFORM COVENANTS.BOI'iOW2[821CI IRl1(I@I'COV0718IIE and agree as follows:
<br /> � , L Payment ot Principal�d Interest Borrower shall promptly pay when due the principal of nnd 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. Fuads for Tmces and Iasur�ce. Suhject to Lender's option under paragraphs 4 and 5 hereof, Bor-
<br /> � mwer ahall pay to Lender on the day monthly inatallments of principal and interext are payable under the
<br /> Note, untal the Note is paid in full,a sum (herein "Funds") equal to one-twelfth of the yearly taxes and
<br /> sasessmeats which may attain priority over this Mortgage, and ground rents on the Property, if any plus
<br /> � one-twelfth of yearly pre:nium installments for haznrd insurance, plus one-tweifth of yearly premium in-
<br /> stalltnents for morigage inaurance,if any all us reasonably estimated initiallv and from time to time by
<br />:� Lender on the basis of assessments and bills and reasonable eatimates thereof,I.ender shall apply the Funds
<br />.} to pay said taaes, assessments,insurance premiums and ground rents. Lender shall make no charge for so
<br /> ; holding and applying the Funds or verifying and compiling said as�ec5ments and bills. The Lender shnll
<br /> give to tt=e Borrower,witlaout charge,an annual accounting of the Funds showing credits and debits to the
<br /> Funds and the purpose for which each debit to the Funds was made. The Funds are pledged as additional
<br /> security for the sums secured by this Mortgage. The Borrower agrees that the Funds may be held by the c
<br /> Lender and commingled with other funds and the Lender's own funds and the Lender may pay such items ,r:> ,'�
<br /> from its own funds and the Lender shall not be liable for interest or dividends on such Funds. •-
<br /> � If the amount of the Funds held by Lender,together with the future monthly instailments of Funds �
<br /> pa.yable prior to the due dates of tases,asse4yyments, insurance premiums and ground rents, shall ezceed J ;
<br /> the amount g ,�
<br /> �4��a top�y saia taaes>assessznents, insuraace premiums and ground rents as tkey fall due. •
<br /> such exceas shall be,at Bortower's optioa,either promptly repaid to Borrower or credited to Bonower on �'
<br /> monthly installmenta of F�nds..If the amount of the Funds held by Lender shall not be sufficient to pay "s ,
<br /> ��� ��m��• ����e.Premiums and ground rents ae they fall due,Borrower shall pay to Lender :�,y�,
<br /> 7 eay amount necessary to aieke up the deficiency withia thirty days after notice from Lender to Borrower ,.: a�
<br /> k ` �IU�nS'payment thereof,or Borrower shall, by an increase in monthly installments of Funds required,
<br /> ,� repay the deficiency within the Fund accounting period.
<br /> s Upon paymeat in full of all sume aecured by this Mortgage,Lender shall apply Funds held as a credit
<br /> � against all sums due.
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