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<br /> 7NDIVIDUAL
<br /> OUE ON SALE
<br /> # � , , OPTIONAL FUTURE ADVANCES � s �� j�,
<br /> �■ : SAVIMGS FU(Y�
<br /> FORM NOJ20 � . . . . F.� ' �� F �
<br /> �-,� ' UNGOI_N ' � ` �
<br /> Loan NumSer__ 3482�__-_l$$__-_8 L�h ` �
<br /> � �s_ 41f�Y346 ; �
<br /> 1VIO RTGAGE
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<br /> ' � TFiI3 MORTGAGE,made and executed this -•--•---�-----------------/Oday of----./..%.1..�...... A.D., �:, t
<br /> � 19_.�c�,between the Mortgagor,.._Marv3n..G�..S�ranson..and.Kathl.een._M....Swan.soa,...husband--a�d-•wife, r; `'
<br /> ` , •••---�A�.nzl.i�..ansl..each.�.n,_Jtheir..nzm._right,.......--•----•------..... ` ,` : ``�
<br /> ........................•--•--------------.._•---.........---•--•-----
<br /> � of .....:���A51.:�8.].�n.d_..._.., County of.............Ha11..__........---.,State of.Neb.zaska-.------,hereinafter referred i ,_ ,� ;
<br /> to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF �
<br /> ,, � LINCOI.N, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter refeaed:to '�
<br /> as Lender. � 'v'
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<br /> t W x: That the said Borrower for and in consideration of the sum of _.THiRTY,EIGIiT_.TIiOUSAND � <
<br /> � AND NI��t�---------------------------------------Dol:ars (US$._..38,000 00.... ) i a'"�%
<br /> � --•----• •................................�-•--.........-•---•----------.....---••---....--------------•-
<br /> --•--...
<br /> { paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the �
<br /> i following described pmperty located in the County of _...___.....Hall , State of Nebraska: � . ,: , t,�i
<br /> ..f . . � . . � `'.
<br /> � Lot Twenty-fovr (24), R & B Subdivision in Hall County, Nebraska_ � t'
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<br /> TOGETHE6 Wltll all the improvements now or hereafter erected on the property, and all easements, � r
<br /> �` - rights, appurtenances, rents, royalties, mineral, oil and gas rights and pmfits, water, water rights, and r'
<br /> water stock, and all fixtures now or hereafter attached to the property, all of which, including replace- ' +r a�'_:
<br /> ments and additions thereto, shall be deemed to be and remain a part of the property covered by this y r�`
<br /> �� Mortgage; and all of the foregoing, together with said property (or the leasehold estate in the event this 4;�
<br /> Mortgage is on a ]easehold) are herein referred to as the "Property". �`:�a
<br /> . ->Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right �`��
<br /> e
<br /> to'mortgage, grant and convey the Property, that the Property is unencumbered, and that Borrower will `� x�,�
<br /> warrant and defend generally the title to the Property against all claims and demsnds, subject to any � <�"
<br /> easements and restrictions listed in a schedule oi exceptions to coverage in any title insurance poIicy in- � %r:
<br /> �i `suring Lender's interest in the Property,or (2) attorney's opinion of title from abstract of title certified f `
<br /> si by bonded abstracter. � : ,
<br /> �'�- � � �P$OVIDED ALWAYS� and these presents are executed and delivered upon the following conditions,agree- � "'�
<br /> t, ments and obligations of the Borrower, to-wit:
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<br /> �! The Borrower agrees to pay to the Lender, or order, the principal sum of_THSRTY..EZGHT..xHOIJSA1dD-
<br /> d' ---- - ---- —� r� _��__ ;
<br /> .AND:�IQ/1DII--------------c----..-......-_ . ----- - ... -Dollars (US$---38�OOII.-00-...----...--•-----�
<br /> ••. ...............................�------..... .. . "
<br /> � payable as pmvided in a note esecuted and delivered,concurrently herecvith,the final payment of principal, �. '
<br /> I if not sooner paid, on the.....>_......�st-------- day of---•----March .-----....--••--�---•--+ �-•2pp7 �
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<br /> �;' UxiFosM Cov�.rnxTs. Bonower and Lender covenant and agree as follows: �:
<br /> ' 1. Paymeat of Prineipal�d Iaterest. Borrower shall promptly pay when due the principal of and in-
<br /> 3; 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. Fuads for Tmces�d Insur�ce. Subject to Lender's option under paragraphs 4 and 5 hereof, Bor-
<br /> g rower shall pay to Lender on the day monthly installments of principal and interest are payable under the
<br /> � 1Vote,until the Note is paid in full,a aum (herein "Funda") 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 preauum.installments for'hazard insurance, plus one-twelfth of yearly premivm in- �.�
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<br /> 'stallments for mortgage insuraace, if any, all as reasonably estimated initially and from time to time by
<br /> ,#; Lender on the basis of asseasments and bills and reasonable eatimates thereof,Lender shall apply the Funds
<br /> to pay ssid �axes,as.seasments,insurance premiutns andgro und rents. Lender shail make no charge for so
<br /> � �= hoIding and,applying the Funds or verifying and compiling said assessments and bills. The Lender shall
<br /> k , give to the Bor;ower,without charge,an annual accounting of the Funds showing credits and debits to the ,
<br /> Truads'and the,'purpose for which each debit to the Funda was made. The Funds are pledged as additional �� ' *
<br /> ;; sec�irity:for the sums aecured by this Mortgage_ The Borrower agrees that the Funds may be held by the �,�
<br /> .�, Leuder and;commmgled with other funda and.the Lender's own funds and the Lender may pay such items k,��
<br /> ,,,�.�� ,#rom ite-owa funds.and'the Lerider ahall not be liable for interest or dividends on such Funds. 4 y� s'
<br /> 1 -� �f the sinount of�the Funds held by Lender,'togetHer with the future monthly instailments of Funds
<br /> ,.. vayable pao��bo;.the dne:dates.bf taaes,e5eeasments, insurance premiums and groimd rents, shall exceed ,
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<br /> ''I �i�amonn£ to , said'taa '
<br /> reqv�red paY es,.asseeaments,iasurance premiums and ground rents as they faII due, ,: t �
<br /> r n � ;sneri eic�s�a1ie11.be,at Borrower's opt�on,either prornptly repaid to'Borrower or credited to Borrower on �' `
<br /> � iinonthl�;i��sllmenta of;Funds.';If the,ainount;of the Funds held by Lender ahall not be sufficient to pay �^��._ ��.
<br /> �i tax'es,'a�s�asmeats, msqranc�preminms atJd.grutind-zents as they fall due, Borrower shall pay to I.ender
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<br /> �, any>aznoun6.aei�essery to make up.t}►e deficiency within thirty days sfter notice from Lender to Borrower
<br /> �� ' , requeatdn8�PaYnAeat thereof„oi Borrowei shall, by ati iacxease:ia monthly installments of Funds required,
<br /> 'f: xepay;the,deSciency,withia the..E�nd accounting period
<br /> � ' - Upon payasent"^in fiill of.a1l-sums secured b,y this Mortgage,Lender shall apply Funds held as a credit �
<br /> � o against-all sums^due.,
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