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<br /> INDIVIDUAL
<br /> DUE ON SALE
<br /> � OPTIONAL FUTURE A�VANCES
<br /> �■ SAVINGS FUND
<br /> U_.��_■ FORM NOJ20 �
<br /> _ �K•«ry Loan Number__3557.z__-_T188.' _e.e�1
<br /> 78--s �0111�4 MORTGAGE
<br /> T 3 MORTGAGE,made and executed this ........._�................... day of__.._...�..m.._�`."�.__..._......._... A.D., "
<br /> 19__.��between the Mortgagor, ..James__J..._Etherton_and,_Carole._S._.Etherton.,__husband..and._____,
<br /> .wife=..�ointly._and..each_.in_their own ri,eAht__._..,. ,_
<br /> ...... _ . ......... ......... ........... ..•--- - ---•-�--- .......••- --••
<br /> of....Grand Island__...--- County of.............Hall. ---.---->State of---Nebraska__.....,hereinafter refesretl
<br /> to as the Borrower, and bhe Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> LINCOLN, 1235 "N"Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter refened to
<br /> as Lender.
<br /> WITNESSETH= T�]fft tF1C said Borrower for and in consideration of the sum of_.._T�:JINTY..NINE,_TH07jSAND '�. � � �
<br /> TWO HUNDRED AND NO/100-------------------------------'Dol:ars (US$...29 200.00 ._...-.-----•-) �
<br /> --•--�-•-•-----•----�----------�-----�----�................................................�---•-•-•-----..._..._ :.....__.....
<br /> paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and aacigns; the
<br /> following described property located in the County of_.._......_Hall......................�State of Nebraska: ;`
<br /> Lot Four (4) in Jones Addition to the City of Grand Island, HalZ County,
<br /> Nebraska.
<br /> TOGETHEfi Wlt}1 all the improvements 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 fiactures 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
<br /> Mortgage; and all of the foregoing,together with said property (or the leasehold estate in the event this
<br /> Mortgage ie on a leasehold) are herein referred to as the "Property"_
<br /> Bortower 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 /> suring Lender's interest in the Property, or (2) attorney's opinion of title from abstract of title certified
<br /> by bonded abstracter. _ .
<br /> P60VIDED 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 ay to the Lender, or order, the principal sum of ..T�'TEI:??'Y..NINE_.THOUSAND. `
<br /> TWO HUNDRED AND NO/10�--------------------------- 29 200.00 '
<br /> ..-•..................•-•_----•------.....---••------•-------•-�--._.._....__....-----....----••--------•---•----�ollars (US $....._..r--•----•-----�----•---......----�
<br /> payable as provided in a note executed and delivered,concurrently herewith,the final payment of principal,
<br /> if not sooner paid,on the------.lst.............. day of_..----.Max.ckl-----.-----.....---...----, I�..2QD7
<br /> �UNIFO6M Covsxwx�rs. Borrower and Lender covenant and agree as follows . �
<br /> 1. Payment of Priacipal�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. Funds foz Tmces aad Inaur�aace. 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 full, a sum (herein "Funds") equal to one-twelfth of the yearly ta�ces 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 msurance, plus one-twelfth of yearly premium in-
<br /> stallments for mortgage insurance, if any, al]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,assessments,insurance premiums and ground rents. Lender shall make no charge for so
<br /> holding and applying the Funds or verifying and compiling said assessments and bills. The Lender shall
<br /> give to the Borrower, without charge,an annual accounting of the Funds showing credits and debits to the r
<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 thie Mortgage. The Borrower agrees that the Funds may be held by the '
<br /> Lender and commingled with other funds and the Lender's own funds and the Lender may pay such items
<br /> from its own funds and the I.ender shall not be liable for interest or dividends on such Funds. y r �}�'
<br /> If the amonat of the Funda held by Lender,together with the future monthly installments of Funds
<br /> payable prior to the due'datea of taxes,aaseasments, insurance premiums and ground rents, shall exceed � � .
<br /> tne�o,�t��a co pay said taaes,assessments,insurance premiums and groand rents as they fall due, G
<br /> such excess shail be,at Borrower's option, either promptly repaid to Bortower or credited to Borrower on , �
<br /> montffiy'installmeata of Funds. If the amount of the Funds held by Lender shall not be sufficient to pay =v
<br /> „:-
<br /> tsaes, asse.gements, insurance p*P*++�+ms snd ground rents as they fall due, Borrower shall pay to Lender "' " �--"
<br /> any.amoant necessary to make up the de8ciency within thirty days after notice from Lender to Borrower
<br /> requesting payment thereof,or Borrower shall, by an increase in monthly installments of Funds required,
<br /> repay the deficiency within the Fund accounting period.
<br /> Upon payment in full of all sums secured by this Mortgage,Lender shall apply Funds held as a credit �
<br /> againat all sums due.
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