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<br /> INDIVI�UAL
<br /> DUE ON SALE
<br /> f ��'r' OPTIONAL FUTURE ADVANCES
<br /> ;� �� SAVINGS FUND � '
<br /> FonM�No.720 � ���
<br /> � Loan Number__35808 __ 288 — Z �
<br /> .:.. .�... , .�' _�_TYOa_____Brane� ' ,�.
<br /> �
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<br /> :� � �� 7_8-��0014�0� �� � M���iD � R �'T �G �A G E � � ,=
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<br /> �� ' T�I$MORTGAGE,made and executed this .-------..-./.�6-------------- day of........:.�.�_..�..�.`.*-4�.._....... A.D., ,
<br /> , 19..�d_.:,between the Mortgagor,Ke.i..th..E....Baa:twaa..aad_Be�tg..S.__.lisrtman.,..h�sh�nd._and..w.ita-,--- '
<br /> „a �:.
<br /> _, ..,]o3�t1St.a��..�r?�,k_.xn...t�ft�,i.c_.ar�rn._.�x91zt..-••••-••--•-•-•-----•�-----------••---•-•-•----------------------•---..........._._........---•-••-- c.,
<br /> -f op _Grand:IsZand.._,,,_, County of ..............KaZZ..__......._...,State of_..NelatasJra_......,hereinafter referred �'s
<br /> ,� to as the Bonower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF -;
<br /> � LINCOLN, I235 "N" SEreet, Lincoin, Nebraska 68502, its successors and assigns, hereinafter referred to �y
<br /> as Lender. ';
<br /> ��" WITNES3ETFi: T}18t EI1C S81C1 BOIT'OWQ! for and in consideration of the sum of.F'ox2�Y.BOUR__TttOVSAND '"�
<br /> � FIt�E HUNDI7ED NINETY FSVE AND NO/300-----------------Dol:ars (US^�---_44.595 00--...---•---_...) �'
<br /> t ._...•---•.......................•---.._....._....._..........................-•-•------------••----••--------•---
<br /> -� paid by.said Lender, does hereby mortgage, grant and wnv� to Lender, its successors and assigns; the �,
<br /> '� following described property located in the County of....Xa..�................................ State of Nebraska: E
<br /> � �
<br /> The SasterZy Twenty-two and Sixty-three Nvndredths Feet (E 22.63!)
<br /> .E�� � �� � c
<br /> � of Lot Three (3), and the WesterZ y Fifts>-seven feet (W 57') of Lot �
<br />'1 a
<br />,a Two (2), a11 in BZocX Eleven (II) in ParkhilZ Third Addition to the s;
<br /> City of Grand Island, HaS2 County, Nebraska. P
<br /> TocETxEe with all the improvements now or hereafter erected on the property, and all easements, ,.
<br /> rights, appurtenances, rents, royalties, mineral, oil and gas rights and profita, water, water rights, snd ��
<br /> water stock, and all fiatures 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 �
<br /> Mortgage is on a leasehoid) 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 /> tq 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 �
<br /> easements and restrictions listed in a achedule 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 abstracter. �,
<br /> � PsovIDsn ALwwxs, and these presents are executed and delivered upon the followiag conditions,agree- �
<br /> ments and obligations of the Borrower, to-wit: �
<br /> %
<br />" The Borrower agrees to pay to the Lender,or order, the principal sum of .Fox2Y__FOUx__TxOps,�yp._., � �,
<br /> FIVE HUNDRED NINETY F2VE_AND NO/Z00-----------------..Dollat's (US�..44�595.00 ----.....__..:----)
<br /> payabless provided in a note executed and delivered concurrently herewith,the final payment of principal,
<br /> if not sooner paid,on the-----•-�.s-t--• ----•---- day of.._ ....Ap�il ......................>x�i@•�1��
<br />�•
<br />�;� UxiFoxM Covsivwrrrs.Borrower and Lender covenant and agree as follows:
<br />' �' 1. Payment of Principal�d Iaterest Borrower shall
<br /> terest oa the indebtedneas evidenced b the Note, re a P�mptly pay when due the principal of and in-
<br /> k'� y p p yment 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. Funds foz Tmces�d Iasur�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 /> �E Note,.until the Note is paid in full,a sum (hesein"Funds") equal to one-twelfth of the yearly taxes and ;
<br />�� assessments which may attain prionty o�ver this MorEgage, and ground rents on the Property, if any plus
<br />} one-twelfth of yearly premium installments for hazard insurance, plus one-twelfth of yearly premium in- �-
<br /> stallmenta for mortgage insurance, if any,•ali as reasonably estimated initially and from time to time by !
<br />•`+ Lender on the basis of asseasments and bills and reasoaable estimates thereof,Lender shall apply the Funds �
<br /> a:� to:pay�aid taaes,assessments,inaurance premiums and ground rents. Lender shall make no charge for so }
<br /> holding and applying the F�nda or verifying and compiling said sssessments and bills. The Lender shall
<br /> gtv�e'tti the Borrower,without charg,e,an annual accovnting of the Funds sbowing credits and debits to the �
<br />� Furids and the,purpose for wl�ich eaoh debit to the Funds was xnade. 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 /> K I.ender and commingled with other funds and the Lender's own funds and the Lender may pay such iterns
<br /> from its owa funde and the Lender shsll not.be liable for interest or dividends on such Funds. `
<br /> ss, . . . . . . . . � � .
<br />`*"" If the amouat:of the Fnnds held by Lender,together with the iuture monthly instailments of Funds �
<br />� - payabie,paor;to,th�a due,fiates of t�aes,assessments, insurance premiums and gronnd rents, shall exceed
<br />,� xhe;amount reqwred-to�pay said taar�,seseasments,insurance premiums and ground renfis as they fali due,
<br /> �""` s�ich Boaower'e-optioa,either promptly repaid to Borrower or credited to Borrower on
<br /> eace�e shall,be;.at
<br /> montl�ly'iristaIIments of Funds. If tFie.amount of:the Funds held by Lender shall not be sufi'icient to pay
<br /> taxes,•,asseasaients,inaurance premiums�and ground rents as they fall due,Borrower shall pay to Lender
<br />;.�� sny.atuount n to mske.up the deficiency withia thirty days after notice from Lender to Borrower
<br />�',� requestang:payine�ereof,.o= Bo;tower shail, by:aa increase in monthiy installments of Funds required,
<br />�, re�pay the defic4ency an�hia<'the Fund accouating period.
<br /> Upon+payment�n-full of all aums aecured by this Mortgage,Lender shall apply Funds held as a credit
<br /> aga'inet all;auma due.
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