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<br /> 't IIVDIVIDUAL
<br /> DUE ON SALE �
<br /> � OPTIONAL FEJTURE ADNANCES : � f�
<br /> � �� �, SAVINGS FUND, � `i` ��i�.rn r`�',j�'
<br /> � . �L FewM No.720 . . . _ � �� r��j��'w y.,�.
<br /> ., _ � , Loan Number---3�'805-- --�----1-- '� �c
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<br /> " ' " ; �., ,M1. . . . .. TYVe Beanth. dW '�
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<br /> �s—� OOt391 , sR ��
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<br /> MORTGAG E o- ` t , ,����
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<br /> � T 3 MORTGAGE, made and executed tivs......./.o......-•----..__._ day of ---.�RRGIl..:.......... A D., � _
<br /> 19.1.�between'theMortgsgor; ..�F�es__.�i,...�.F_aoks_,and.,Teresa.,L,_.Brooks_,__husb�}¢d...�pd__yi,��, �
<br /> � � � ��j
<br /> � � � �-� " ointl �and _each in�their awa ri t
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<br /> ---.. � , :
<br /> � of .Grsad,Island,.------� County of......_Hsll-------••.....-•-----�State of---••Nebraska---.,hereinafter referred j'
<br /> � �
<br /> ;�� to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF j
<br /> �:� LINCOLN, 1235 "N"Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred.to �;
<br /> }t as Lender. �
<br /> Wi�czysss�rx -That the said Borrower for and in consideration of the sum of__.7.�11�K._x�F.._.__._.._ E3 . a `
<br /> " .THOUSAND AND NO/100---------------------------------Dol:ars (US$23,,OOO.QO..-----........_._.._) �J3
<br /> - ....--. ..-•-------�-•--•---•--•-•-•--.._.--�-----------•...........................
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<br /> ' paid by sazd Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns• the �c:
<br /> ` following described pmperty located in the County of------....�11---------------•--•-----.> State of Nebraska: � �� ' , ` �„"-
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<br /> � Lot Seven (7), Block Two (2), Farmington Second Subdivisioa in the City of f x"}
<br /> ; Grand Island, I3a11 County, Nebraska. �'
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<br /> TocExxea with all the improvements now or hereafter erected on the property, and all easements, � ` w��
<br /> righte,appurtenances, rents, royalties, mineral, oil and gas rights and pmfits, water, water rights, and � ; X>> .
<br /> water stock,and all fixtures now or hereafter attached to the property, all of which, includin g re place- E � �.
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<br /> ments and additions thereto,ahall be deemed to be and remain a part of the property covered by this E r ` ��,`��
<br /> Mortgage; and all of the foregoing, together with said pmperty (or the leasehold estate in the event this � ; '���.�;�
<br /> Mortgage is oa a leasehold) are herein referred to as the "Property". ?
<br /> Borrower covenants that Bonower is lawfully seised of the estate hereby conveyed and has the right j � ��p��
<br /> to mortgage, grant and convey the Property, that the Property is unencumbered, and that Borrower will ` zy�
<br /> wartant and defend generally the title to the Pmperty against all claims and demands, subject to any � , y�
<br /> � 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 certified ? '��
<br /> F� by bonded abstracter. �'
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<br /> PROVIDED,ALWAY3�and these presents are eaecuted and delivered upon the following conditions,agree- `. �,;.,
<br /> ments and obligationa of the Borrower, to-wit: ,�� ;�
<br /> The Borrower agrees to pay to the Lender,or order, the principal sum of __..1TIE�II1_.THREE_.TgpQSAND r
<br /> .A13A._NQ/100._.._ ------------------------------- ( 3 000.00 )
<br /> , ...__ ......-----••--•-••--•••------•••••---•...............-----....-------._.......Dollars US $�-x-----._.....------•---......_....._ :
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<br /> payable as provided in a note executed and delivered,concurrently herewith,the final payment of principal,
<br /> ' ifrnot'soone=paid,on the-----•----lst--..... day of....-----March--•-•--••------•---...__,x3+9..?007 ` , ,
<br /> Uxtt+otrnt CovExaNrs. Borrower and Lender covenant and agree as follows:
<br /> �
<br /> 1. Payment of Prin«pal�d Interest Borrower shall promptly pay when due the principal of and in-
<br /> terest on the indebtedness evidenced by the Note,prepayment and late charges as provided in the Note, "
<br /> and the priacipal of and interest on any Future Advances secured by this Mortgage.
<br /> � 2. Fuads for Tmces�d 7nsur�ce. Subject to Lender's option under paragraphs 4 and 5 hereof,Bor-
<br /> rower ahall.pay to Lender on the day monthly installments of principal and interest are payable under the
<br /> Note,unt�the Note ispaid in full,a sum (herein "Funds") equal to one-twelfth of the yearly taxes and
<br /> ssseasments which may attain prion'ty over ttus Mortgage, and ground rents on the Property, if any plus
<br /> one=twelfth of yearly ptemium installments for hazard insurance, plus one-twelfth of yearly premium in-
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<br /> stallments for mortgage inaurance, if any,all as reasonably estunated initially and from time to time by .�
<br /> Lender on the basis of assessments and bills and reasonable eatimates thereof,Lender shall apply the Funds �
<br /> � � P$Y�a'��, assessmenta,insurance premiums and ground rents. Lender shnll make no charge for so �,:;
<br /> hoiding and applying the Funds or verifying and compiling said assessments and bills. The Lender shall
<br /> 8ive.to the;Borrower,without'charge,an annual accounting of the Funds showing credits and debits to the
<br /> Furids.and i�e gurpose for which each debit to the Funds was made. The Funds are pledged as additional
<br /> secarity for the,sums.aecured by.this Mortgage. The Borrower agrees that the Funds may be held by the ,,� �'
<br /> Lender,and comtningled with other funda and the Lender's own funds and the Lender may pay snch itema .�;
<br /> froia at$owa�dg,and the Lender shall.not be liable for interest or dividends on such Funds. �
<br /> ` I#the�amount of°the Furids Iietd by,Lender,together with the future monthly installments of Funda � ` 4�
<br /> � ; psYaableepnor to,.the due datee o£taz�,assessments, inanrance preauums and ground rents, shall exceed �*; �,,,
<br /> the amonat ieqwaed topa y sazd tazes,aesessments�inaurance preauums and graund rents as they fall due, x�, �!
<br /> au.� exeeae��hal��at Borrower's:option,;'eitl�er promptiy repaia b Borrower or credited to Borrower on �u"", �
<br /> mioa�y �tellmeats of&a�ntls ,If the amount,of-:theFimds.h y Lender shall not be su�cient to pay ,��e`*� �'
<br /> ��s. as9�meats;`�nsni'ance premiums and grouad rents.as they:fall due,Borrower shall pay to Lender `.;` �
<br /> any smovs�,t neoE�sary to.ma]�e ug''the,deficieacy withia tl�irty.days after notioe from Lender to Borrower "
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<br /> , re4veatinBt,�Sy�ent t�eieof, or$oi7ower sI�`alI,by an increase in monthly in�tan*•+ents of Funds required,
<br />�9 repa3'`the de�ciency within-�he'Fi�ad"accounEing penod.
<br /> � ��' Upori�paymeat in.full of all suiris secured by this Mortgage,Lender shall apply Funds heid as a credit
<br /> � a8aine,t all sums due. �
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