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<br /> 1NDIVIDUAL
<br /> DUE ON SALE
<br /> FlRg'�' OPTIONAL FUTURE ADVANCES
<br /> � �� SAVINGS FUND
<br /> � .�� FOnM�No.720 �
<br /> �� Loan Number__ 35147__- 18___-1 �
<br /> ' . . . . . � � � rroe. - e��nen
<br /> � � 7g.� �00145�Q� � � h,r� O R T G A G E
<br /> ��s � � � �
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<br /> ''�� THI3 MORTGAGE, made and executed this..._...,...IS �
<br /> ------------------ day of -----�l�::�..1------....._.._.. A.D.,
<br /> � 19..7..�:._,between the Mortgagor, ...Arnald__L....Th.urlaw..aad..Lauxa..T.....Thur].oW>...husb.and..and..mife,
<br /> i ..�aiatly..,a.nd.aach..�.n..tlieiz__o�n.x�Shz.............._........_............---•----•---�---------�--•---••--...--••--------•-....---...----••---
<br /> a of........C�x3nd__xsl.ansl......, County of..............J3a].1.._...._.......,State of...Nebxaska.._...,hezeinafter referred -
<br /> 7 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, heseinafter referred to
<br /> as Lenden
<br /> W[�vFssETx: That the said Borrower for and in consideration of the sum of__FIF�Y.._$'r.',y��._x�,QU&AND
<br /> SIX,HUNDRED__AND„N0�100----.--------------------.----.--Dolials (US$---�r7.a.4Q.Q.-OQ..--•--•-----•---'-)
<br /> '� paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br /> .I following described property located in the County of ........_.Hall__________________________ State of Nebraska: ` '
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<br /> :; I,ot Twenty-two (22), in Capital Heights Eighth Subdivision, Hall County, Nebraska.
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<br />;� TocErx$a with all the improvements now or hereafter erected on the property, and all easements, t
<br /> rights, appurteaances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and F
<br /> � water stock, and all fixtures now or hereafter attached to the property, all ot which, including replace- i
<br /> ments and additions thereto, shall be deemed to be and remain a part of the property covered by this z
<br /> Mortgage; and all of the foregoing, together with said property (or the leasehold estate in the event this �
<br /> � Mortgage is on a leasehold) are herein referred to as the "Property".
<br /> Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right
<br /> to mortgage, grant and convey the Property, that the Property is unencumbered, and that Borrower will
<br /> warrant and defend generally the title to the Property against all claims and demands, subject to any 5
<br /> essements and restrictions listed in a schedule of exceptions to coverage in any title insurance policy in-
<br /> suring Lender's interest in the Property,or (2) attorney's opinion of title from abstract of title certified
<br /> by bonded abstracten
<br />,�_� . PROVIDED.ALWAYS� and these presents are executed and deGvered upon the following conditions,agree- � � �
<br />;� ments aad obligations of the Borrower, to-wit:
<br /> � The Borrower agrees to pay to the Lender, or order,the principal sum of.FI.�X_.,5�1!�TJ._.THQU�.l1ND.._ ;
<br /> { .SIX.HIII�IDREI2..ANI2..NQ1_1QQcr..-.--.---r.----r.-----.----r----Dollars (US$-.$7a�QQ�.Q�._..-•...............) ,,
<br /> �' payable as provided in a note executed and delivered,concurrently herewith,the final payment of principal, '
<br /> if not sooner paid,on the._...__.lst---•-••---- day of.---------•Ju1y---•..................... 19..98..
<br />`1 UNIFOEM COVENANT3. BOl'lOWCI 87IC1 IRIId@I'COVeII8IIt 8I1f1 agree as follows:
<br /> ' 1. Paymeat ot Pzindpal�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 />�j� and the principal of and interest on any Future Advances secured by this Mortgage.
<br /> ` 2. Funds for Tmcea�d Insur�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") equal to one-twelfth of the year2y taxes and
<br /> g j assessments which may attain priority over this Mortgage, and ground rents on the Property, if any plus
<br /> s� one-twelfEh of yearly premium installments for hazard ansurance, 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 basis of assessments and bills and reasonable estimates thereof, Lender shall apply the Funds
<br /> to pay said tases,assesaments,insurance premiums and ground rents. Lender shall make no charge for so
<br />,°I holding and applying the Funds or verifying and compiling said assecsments and bills. The Lender shall
<br /> g�ve to the Borrower,without charge,an annnal 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 aad commingled with other funda and the Lender's own funds and the Lender may pay such items
<br /> from ita own funds and the Lender shall not be liable for interest or dividends on such Funds.
<br /> s� If the amount of the Funds held by Lender,together with the future monthly installments of Funds
<br /> payable prior to the due dates of tasea,asseasments, insurance premiums and ground rents, shall exceed �
<br /> theiamount,required topa y said taa�,asseasmenta,insurance premiums and ground rents as they fall due,
<br /> -- atvqh,eacess`shall be,at Borrower's option,either promptly repaid to Borrower or credited to Borrower on
<br />; monthly �stallments of:'Funds. If the amount of the Funds heid by Lender shall not be sufficient to pay
<br />,,. tazes, assesemeats,`insurance preariuma and gzound rents as they fall due, Borrower shall pay to Lender
<br /> k any amouat necessery to make up the deficieacy within thirty days after notice from Lender to Borrower
<br /> ra4ueating'payment thereof, or Borrower ehall,by an increase in monthly installmenLs of Funds required,
<br />�i repay the deficiency within the Fund accounting period.
<br />''f Upon payment in full of all suma aecured by this Mortgage,Lender shall apply Funds held as a credit
<br />;�. againet alI aums due.
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