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_ I— �
<br /> " ' '�"� �
<br /> INDIVIDUAL
<br /> DUE ON SALE
<br /> OPTIONAL FUTURE'ADYANCES
<br /> ; � ■ . SAVINGS FUND
<br /> F rw. ■r.�ra. FORM No.720 �
<br /> { Y� Loan Number__ 35793-- --�� -�-- �'
<br /> a .. . . . . . . .
<br /> . � ryx Bnncn
<br /> ; �$_ �01189
<br /> ; M O R T G A G E
<br /> <a
<br /> � TfiI3 MORTGAGE,made and executed this .._.......�'................. day of---.........�.f.2�r.� ..._..__ A.D., � �
<br /> .........
<br /> :� 19._.1�,between the Mortgagor, --Terry--'T'--.?!1�G.�nt�x�.-��?--?J.�:a.Ae.-M---M.C.CrxtSn,$.s<..Jxtt�brind..and_......__
<br /> ;t ...cpife,�..jointlg..and__each in their own__right...--•---• ` `-' •
<br /> ..................---- --.......--•-��--------�---�.---•------••-•--•-------•....._....._.._.._...._...
<br /> `� of ..:Grand IsZand------> County of ...---- -Ha12--•------.---••-,State of...dY.e.17.Fs�sl�d-.---..,hereinafter referred � `
<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 referred to
<br /> -i as Lender.
<br /> ,� WITNE9.SETH: Tl]fit tk1E 583C� BOI70wBT for and in consideration of the sum of THIRTY FTVE THOUSAND � .;
<br /> .............
<br /> ; ONE HUNDRED TWENTY AND NO/.ZOO----------------,--------�oL'ars (US$.._35 520.00_..---. ........_)
<br /> , .............•••--•-•------..........._._..------�-•-------------...._...---•-•-------
<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 ...............F?a?�.................., State of Nebraska: '
<br /> t
<br /> f I,ot Sixty-seven (67) Le Heights Fourth Subdivision, Hall County, Nebraska.
<br /> �
<br /> �
<br /> "} Tocsrxss with all the improvements now or hereafter erected on the property, and all easementa, �
<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, including replace- �
<br /> ments and additiona thereto,shall be deemed to be and remain a part of the property covered by tIus s
<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 Property, that the Property is unencumbered, and that Borrower will �
<br /> warrant and defend generally the title to the Property against all daims and demands, subject to any
<br /> q easementa 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 certi8ed : ,
<br /> � by bonded abstracter. �
<br /> j PsovinE�AzwaYs, and these presents are executed and delivered upon the following conditions,agree-
<br /> � menta and obligations of the Borrower, to-wit:
<br /> ' The Boaower agrees to pay to the Lender,or order, the principal sum of _.THIRTY_FIyF,___,T(fSJpS,A�I►p_ '
<br /> ONE SUNDRSD TWENTY AND NO ZOO-----------------------
<br /> ....-------�•----- -..__....------...--•--�----....-•-----------------------------••--------.......�ollars (US$----35�Z29._<Q.P__........_..----�
<br /> �� payable as provided in a note executed and delivered,concurrently herewith,the final payment of principal,
<br /> f if not sooner pazd,on the.-•-------.._.1st.--.--- day°f----•...Mar�h...............•--_------,�8.---2007
<br /> LTxiFosM CovExwx�rs. Borrower and Lender covenant and agree as follows:
<br /> 1.,Payment of Priacipal aad Interest Borrower shall promptly pay when due the principal of and in-
<br /> terest on the mdebtedness evidenced by the Note,prepayment and late charges as provided in the Note,
<br /> and the pnnc�pal of and interest on any Future Advances secured by this Mortgage.
<br /> , j 2..Fuads foz Taxes and Insuz�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 payable under the
<br /> � Note,until the Note is paid in full,a sum (herein "Funds") equai to one-twelfth of the yearly taxes und
<br /> asseasments which may attain prion'ty over this Mortgage, and ground rents on the Property, �f any plus
<br /> } on�-twelfth o£yearly premium installments for hazard msurance, plus one-twelfth of yearly premium in-
<br /> 3 stallmenta for mortgage insurance, if any, all as reasonably estimated initiaily and from tixne to time by
<br /> ;� Leader on the basis of assessments and bilis and reasonable estimates thereof,Lender shall apply the Funds
<br /> . to pay said taxes,assessmentv,insurance premiums and ground rents. Lender shall make no charge for so
<br /> :� holding and applying the E�nds or verifying and compiling said asaessments and bills. The Lender shall
<br /> � • give�to the Borrower,withoat charge,an annual accounting of the Funds showing credits and debits to the
<br /> Fuads and the purpose for wlvch each debit to the Funds was made. The Funds are pledged as additional �
<br /> security for the suma secured by this Mortgage. The Borrower agrees that the Funds may be held by the
<br /> , ..
<br /> Y� Lender,and c:om**+;*+gled with other funds and the Lender's own funds and the Lender may pay such items �_
<br /> from"its own funds and:the Lender ahall not be liable for intereat or dividends on such Funda. -�
<br /> If•the amount of•the Funds held bq Lender,together with'the future monthly installments of Funds ' ,` �
<br /> payable prior to the due datea of'taaes,assessments, insnrance premiums and ground rents, shall exceed � ��
<br /> the amouat 3equired tapa y said taaea,asseasments,insurance premiums and ground rents as they fall due, 3p
<br /> such,:e�cesa-shaII be,at Borrower's option,;either promptly-repaid to Borrower or credited to Borrower on
<br /> '" monthlq"installments of Funds. If the amount of the Funds held by Lender shall not be sufficient to pay :,:," .;;;;,;�
<br /> .
<br /> ^ tazea, essessment8,:insurance preassumg and,ground zents as they fall due, Borrower shall pay to Lender .,.� . ,,.:;;.;x-
<br /> ,.'� anY��i1�'necessary to,make up the deSciency within thirty days after notice from Lender to Borrower
<br />;?'� re9uesting:,psyment thereof, or Boriower°ahall, by an inctease in monthly installments of Funds required,
<br />;l� rePay tHg'deficiency within the Fnnd accounting-period.
<br /> ;�' Upon:payment in full,of all suma secured by this Mortgage,Lender ahall appl,y Funds held ar a credit
<br /> � against all auma due. �
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