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<br /> � .
<br /> , . 7
<br /> INDIVIDUAL
<br /> DUE ON SALE
<br /> � �RST OPTIONAL FUTURE ADYANCES
<br /> �� SAVINGS FUND
<br /> :i � U��\rVL��" �Fonrw No.720 : ''.. .: �;
<br /> — tr
<br /> � Loan Number----35663_—_TZ88----e��n IF
<br /> ' 7g-• ��X275 M O R T G A G E
<br /> ` T�I3 MORTGAGE, made and executed this ..........................�day ofi!%(..G+i�______,,,..,. A.D.,
<br /> � 19,7�f..,:between the Mortgagor, _..James.,8._Haugh_and_Penny,._L, .Hapgh,_.I�,q.�ba�si.,�n.d_wi�;�,__.____._ ,
<br /> i ,__.joint2y,_and,each_in__their own right�__. _..
<br /> -- ....----- -•---� --••••--• --�----•- ---•---•- -----•.................
<br /> .............
<br /> i of --•,•Grand Ssland....._> County of-•---.. ..Ha1Z-•--.,---•.----+State of_...d!1eJ�jr���a._....,hereinafter refeaed �
<br /> --.....--
<br /> to as'the Borrower, and the Mortgagee, FIRST F'EDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> LINCOI,N, 2235 "N" Street, Linco2n, Nebraska 68501, its successors and assigns, hereinafter referred to
<br /> j as Lender.
<br /> '% WITNESSETH: T}18t tZlB 581CI B0170W@3' {OT Allfl in consideration of the sum of ._ESGHTEEN THOUSAND ,. �` ; '�
<br /> ! SIX SUNDRED AND NO/ZOO--------------------------------
<br /> -----••--•...........................�------ -...--•--�---- DoL'a I8 600 00
<br /> --...-•.........................
<br /> j ---•;.. . . . _ - • - •- -- - .. . .. _ . rs (US$...- -'•-----"- -......- --•--�
<br /> , pa�d by said Lender, does hereby mortgage, grant and conve to Lender, its successors and assigns; the ��
<br /> j following described property located in the County of.......__.�a??.......................... State of Nebraska: :
<br /> ,
<br /> i The Easterly half of Lot Six (6) and the Easterly half o£ the Northerly
<br /> ,i Fifty-two (52) £eet o£ Lot Seven (7), Blocls Twenty-eight (28), Packer
<br /> i and Barr's Second Addition to the City of Grand Island, Hall County, �
<br /> � Nebraska.
<br /> �
<br /> STOGETHER with all the improvements now or hereafter erected on the pmperty, and all easements,
<br /> rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and `
<br /> ' water stock, and all fixtures now or hereafter attached to the property, all of which, including replace-
<br /> ! ments and additions thereto,shall be deemed to be and remain a part of the property covered by this ':
<br /> � ' Mortgage; and all of the foregoing, together with said property (or the leasehold estate in the event this ;4 ' '
<br /> Mortgage is on a leasehold) are herein referred to as the "Property".
<br /> 1 Borrower covenants that Bonower is lawfully seased of the estate hereby conveyed and has the right `'
<br /> ? to mortgage, grant and convey the Property, that the Property is unencumbered, and that Borrower will t
<br /> warrant and defend generally the title to the Property against all claims and demands, subject to any
<br /> � easements and restrictions listed in a schedule of esceptions to caverage in any title insurance policy in-
<br /> suring Lender's interest in the Property,or (2) attomey's opinion of title from abstract of title certified
<br /> by bonded abstracter.
<br /> s p$OVIDED L�LWAYS� and these p g �y.�_ �
<br /> 1 presents are executed and delivered u on the followin conditions,a
<br /> ; ments and obligations of the Borrower, to-wit:
<br /> �
<br /> ,{ The Bolzower agrees to pay to the Lender,or order, the principal sum ofEiGHTEEN_THOUSAND_SZjj,_ �
<br /> � HUNDRED AND NO 200---------------------------------- ._�600 00
<br /> ,� '-•-••----•---•••.............1 .--• --.......---••--- - llars (US$-�---Z8 ••-•----------••
<br /> - --••-•-----------------------------------------�-DO - )
<br /> ,1 payable as provided in a note executed and delivered,concurrently herewith,the final payment of principal,
<br /> � if not sooner paid,on the-•------Z,S�_..._--•-•-- da of...---I'�&�'�h-----•...............
<br /> Y ... �-----.�...2Q�7
<br /> ,:j UNIFORM CovExnxrs. Borrower and Lender covenant and agree as follows:
<br /> 1. Payment of Principcl�d 7atereat $orrower shall promptly pay when due the principal of and in-
<br /> � terest on the indebtedness evidenced by the Note,prepayment and late charges as pmvided in the Note,
<br /> and the principal of and interest on any Future Advances secured by this Mortgage.
<br /> � 2. Fuads for Tmcas�d Inaurance. 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 /> i Note, until the Note is paid in ful1,a sum (herein"Funds") equal to one-twelfth of the yearly taxes and
<br /> ; assessments which may attain priority over this Mortgage, and ground rents on the Pmperty, if any plus
<br /> one-twelfth of yearly premium installments for hazard insurance, plus one-twelfth of yeariy premium in-
<br /> � stallments for mortgage insurance, if any, all as reasonably estimated initially and from time to time by
<br /> Lender on the basis of asaessments and bills and reasonable estimates thereof, Lender shall apply the Fvnds
<br /> ; �P8Y eaid tases,assessments,inaurance premiuma and ground rents. Lender shall make no charge for so
<br /> holding and applying the Funds or v�erifying and compiling said assessments and bills. The Lender shaU
<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 i
<br /> , security for the sums secured by this Mortgage. The Borrower agrees that the Funds may be held by the
<br /> I.ender and commingled with other funda 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 interest or dividends on such Fands. � ,�
<br /> ' If the amount of the Funds held by Lender,together with the future monthly instailments of Funds � �. :
<br /> payable.prior to the due d'atea of taxes,assessments, insurance premiums and ground rente, shall exceed � r�� ^
<br /> the amonnt reqmred top ay said tages,assessments,insarance premiums and ground rents as they fall due, �„:-„
<br /> stich eacese ahall be,at,Borrower's opiaon, either prnmptly repaid to Borrower or credited to Borrower on � '-;.�
<br /> � monthly'iastallaients of Funds, If the amount of the Funds held by Lender shall not be sufficient to pay °* �.s
<br /> f tazes, assesemennts;inanrance premiums and.�ound rents as they fall due,Borrower shall pay to Lender '�.. "�^
<br /> � at�!.amotuit,neceseary_to make ap tha deficiency within thirty days after notice from Lender to Borrower " -"
<br /> zeqnesting payment thereof, or Borrower.shall, by an increase in monthly inatallments of Funds required,
<br />`� repay tIie 8eficiency within the Fuad accounting period.
<br />,j Upou payment in full of all aums aecured by this Mortgage,Lender shall apply Funds held as a credit
<br /> againat.all sume due. �
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