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� �
<br /> INDIVIDUAL '
<br /> DUE ON SALE
<br /> �RS'T OPTIONAL FIJTURE ADYANCES
<br /> �� SAVINGS FUND -
<br /> � ��� FORM No.720 . : ,
<br /> � Loan Number___35699__— 188— i �
<br /> . . � _TYW___'_Brsnc� .
<br /> } 78-1'J0115� MORTGAGE
<br /> ,
<br /> :f THI3 MORTGAGE,made and executed this ...........�................... day of_...�R1rG�__..._......... A.D.,
<br /> � 19.Y�r between the Mortgagor,----s.7�.m�S..2....h�a.Z�y.....a._s.in9.Z.�..pez�san-.-----.---------•------.�----
<br /> i
<br /> ;� ................•-•-•--.....-•---•-------•---.......-•-------•--.....----•---......---._.......----�----�---•----......-------�-•---�---------•�---•-----��----•------••---�--.._.....
<br /> " of.---Grand Ssland-----..._,County of -------------T/dZz....----.•-•---->State of._ll�ebsaska.._....,hereinafter refeaed
<br /> •--------------
<br /> to as the Borrower, and the 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 /> WITNF.33ETH: TI78t tI1C Saltl BO2'IOW@! for and iri ConsideTBtion of Lh0 sum of....T.WENTY__TXRE�.,�'jj[p►jSAND �
<br /> THREE HUNDRED TEN AND NO/200------------_------_-----_--.Dol:ats (US$...23�,310,.00..............._
<br /> -•....................---•---.._..-•--�------••--•-- -. .... - )
<br /> paid by said Lender, does hereby mortgage, grant and convey to Lender, it,q successors and assigns; the
<br /> following described pmperty located in the County of ......................!?al?...._........, State of Nebraska:
<br /> Lot Four (4) in BZock Thirty-nine (39), in Russel Wheeler's
<br /> Addition to the City of Grand IsZand, Ha1Z Covnty, Nebras)ca.
<br /> TocErxsa with all the improvements now or hereafter erected on the pmperty, and all easements,
<br /> rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and
<br /> water stock, and all fixtures now or hereafter attached to the property, all of which, induding replace-
<br /> ments and additions thereto,shall be deemed to be and remain a part of the pmperty covered by this
<br /> Mortgage; and all of the foregoing, together with said property (or the leasehold estate in the event this
<br /> Mortgage is on a leasehold) are herein referred to as the "Property".
<br /> Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right
<br /> to mortgage, grant and convey the Pmperty, that the Property is unencumbered, and that Borrower will
<br /> warrant and defend generally the title to the Property against all claims and demands, subject to any
<br /> easements and restrictions listed in a schedule of exceptions to coverage in any title insurance policy in-
<br /> snring Lender's interest in the Property,or (2) attorney's opinion of title from abstract of title certified
<br /> by bonded abstracter.
<br /> . P$OVIDED 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 a�rees to pay to the Lender,or order, the principal sum of_T�NTY_TXREE,THOUSAND '
<br /> THREE XUNDRED 2EN AND NO/100----------------------,----Dollars (US$_...23,330.-00---------------�
<br /> .-•••---•--•................_-•_•----...-•-------•-------.....--------•�-
<br /> payable as provided in a note ezecuted and delivered,concurrently herewith,the final payment of principal,
<br /> if not sooner paid,on the-------------3,s�--_-.--.- day of----......._Mar-ch----.....------......�, �t�ac�-H�03
<br /> UNIFO$M COVENANT3. BOl'lOWCT Hi1d IRiltlEi COVe2lAilt Ri1(j agree as follows: . ��
<br /> 1. P¢ymeat of Priacipal cmd Iaterest. Borrower shall promptiy 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. Funda for Taxes�ad Iasur�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 payabie under the
<br /> Note, until the Note is paid in full,a sum (herein "Funda") equal to one-twelfth of the yearly taxes and
<br /> assessments which may attain priority over this Mortgage, and ground rents on the Property, if any plus
<br /> one-tweIfth ot yearly premium inatallments for hazard insurance, plus one-twelfth of yearly premium in-
<br /> stallments for mortgage insurance, if any all as reasonably estimated initially and from time to time by
<br /> Lender on the basia of assessments and bills and reasonable estimates thereof, Lender shall apply the Funds
<br /> to pay said teaes,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
<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
<br /> Lender and commingled with other funds and the Lender's own funds and the Lender may pay such items
<br /> .,.: �
<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 installments of Funds �:
<br /> gayable prior to the due dstes of taaes,assessments, insurance premiums and ground rents, shall exceed �
<br /> the amount required topa y said taaes,ass¢�u�ents,insurance premiums and ground rents as they fall dve, �
<br /> auch eacess sha]1 be, at Borrower's option, either promptly repaid to Borrower or credited to Borrower on �/; , ��
<br /> monthly installments of Funds. If the amount of the Funds held by Lender shall not be sufi'icient to pay ,.�
<br /> �Ces, assessmente, insurance ptemiums and ground rents as they fall due,Borrower shall pay to Lender
<br /> any amount necessary to make up the deficiency within thirty days after notice from L.ender to Borrower '�"
<br /> re4uestiag payment thereof, or Borrower shall, by an increase in monthly installments of Funds required, � `
<br /> repap tlYe'deficiency within the Fund accounting period.
<br /> Upon payment in full of all aums aecurecl by this Mortgage,Lender shall appiy Funds held as a credit
<br /> against all sums due.
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