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<br /> . . - �--�, �
<br /> INDIVIDUAL �
<br /> CUE ON SALE
<br /> � �R� OPTIONAL FUTURE ADVANCES
<br /> � �■ SAVINGS FUND _
<br /> �� � . � � VIR �VY�� �. Foniw No.720 �. �� ,.
<br /> Loan Number_ 35635___-_ 1$$_-_el^�n �•
<br /> ;75:.. 001153 M ORTGAGE
<br /> TEiIB MORTGAGE,made and executed this _.........._�................ day of.....__..._�.�....".:`.'`:�..___.....__.. A.D.,
<br /> 19..7�_,between the Mortgagor, .....�?�ld__jC_�_,_$ombeck_and..Jaaet.K_..,.$ombeck,__husband__�70.a_.______
<br /> ..........................wifg.,___jointly„and..each in_.their,own ri�t __,..___.
<br /> rand Island •-------- --------- --------- ---------
<br /> of �.__...... .. ...., County of...---#Iall---.--_..-•------.--.,State of---•Nebraska__....,hereinafter referred
<br /> to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> LINCOLN, 2235 "N" Street, LincoIn, Nebraska 68501, its succeasors and assigns, hereinafter referred to
<br /> as Lenden
<br /> WITNFS.4ETH: TtlEt E}IB S81fI BOl70WQI' for and in consideration of the sum of ...1WEI,IIE..THOUSAND-.-- �� � � . �
<br /> � ---�q.NO/100---.-----.-----.----.-----.----.-------.----.----Dol:ars (US$._I2,000„00--•------�---------�
<br /> paid by said Lender, doea hereby mortgage, geant and convey to Lender, its successors and assigns; the
<br /> following described property located in the County of.._.._....�11.......................... State of Nebraska:
<br /> I�ot Five (5), Block One (1), in Pleasant View Fourth Addition to the City
<br /> oP Grand Island, Ha]_7_ County, Nebraska.
<br /> TocETxea with ail the improvements now or hereafter erected on the pmperty, and all easements,
<br /> rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and
<br /> water stock, and all fixtures naw or hereafter attached to the property, all of which, including replace-
<br /> ments and additions thereto,shall be deemed to be and remain a part of the property covered by this
<br /> Mortgage; and all of the foregoing, together with said property (or the leasehold estate in the event this
<br /> 1Vlortgsge is on a leasehold) are herein referred to as the "Property".
<br /> Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right
<br /> ta mortgage, grant and convey the Property, that the Property is unencumbered, and that Borrower will
<br /> warrant and defend generally the title to the Property against all claims and demands, subject to any
<br /> easements and restrictions listed in a achedule of exceptions to coverage in any title insurance policy in-
<br /> suring Lender's interest in the Property, or (2) attorney's opinion of title from abstract of title certified
<br /> by bonded abstracter.
<br /> � PHOVIDED ALWAYS. and these presents are executed and delivered upon the following conditions,agree- � � � � �
<br /> ments and obligations of the Borrower, to-wit:
<br /> The Borrower agrees to pay to the Lender, or otder, the principal sum of _...1T�7ELVE..THOUSAND..AND.. '
<br /> ..._�IQ/100-------------.-----_-----_---------_-----_--------Dollars (US$-...13�999 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._..------.-lst--..-_-- day of_.........Mar�h.....-------- ---------SS._2QQ3
<br /> UxraoxM Coventnx�rs. Borrower and Lender covenant and agree as follows
<br /> 1. Payment of Prindpal mzd Iatereat. Borrower shall pmmptly pay when due the principal of and 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 for Tmces and Insurcmce. 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 "Fund_s") equal to one-twelfth of the yearly taxes and
<br /> assesaments which may attain priority over this Mortgage, and ground rents on the Property, if any plus
<br /> one-Lwe2fth of yearly premium installments for hazard insurance, plus one-twelfth of yearly premium in-
<br /> stallments for mortgage insurance,if any, all as reasonably estimated initiallv and fmm time to time by
<br /> Lender on the basis of assessments and bills and reasonable estunates 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 rnmpiling said assessments and bilis. The Lender shall
<br /> grva to the Borrower,without charge,an annual accounting of the Funds showing credits and debits to the �
<br /> Eunds and the'purpose for which each debit to the Funds was made. The Funds are piedged as additional
<br /> security:for the sums secured by this Mortgage. The Bornower agrees that the Funds may be held by the
<br /> Lander and commingled with other funds and the Lender's own funds and the Lender may pay such items •_' .
<br /> from its owa funds and the L¢nder 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 installments of Funds � x =
<br /> payable prior to the due dates of taaes,assessments, insurance premiums and ground rents, shall exceed '' ''
<br /> the amount required topa y said taxes,aesessments, insurance premiums and ground rents as they fall due, i'" '
<br /> stich eacess shaII.::be,at Borrower's optioa;either promptly repaid to Borrower or credited to Borrower on a
<br /> � roonthly:,installments of Funds. If the amount of.the Funds held by Leader ahall not be svfticient to pay ��^ �;�;
<br /> � taxes assessments,inanrance premiums and ground rents as they fall due, Borrower shall pay to Lender
<br />,, ���:,.K �qip`" '..;
<br /> , auy amount 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 /> i' reQay 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 /> a�ainst all snms due.
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