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<br /> INDIVIDUAL
<br /> DUE ON SALE
<br /> OPTIONAL FUTURE ADVANCES
<br /> �■ SAVINGS FUND
<br /> � ��A�_. FORM N0.720 � �
<br /> f �1� 35 78 — —
<br /> Loan Number______�_____18B_____�_ ( �
<br /> .rve e.>ocn
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<br /> � .78,�'01536� MORTGAG E
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<br /> � THIS MORTGAGE, made and executed this .......................r��day of/�L.��..__.._....... A.D.,
<br /> ;y 19..,7�!between the Mortgagor, _..Qo�ta�d..�.,..Ge.oz�se._a.ad..Ma,�St--Arui--C�Ixo.y,..lxusk,�.ctd..aztd..wi.fe,..---- '
<br /> 3 .]Qz>nt,�.L3.._and__�a.ch_�zn...tl�e.zx..o.�n...r.z.4h.t..---------�--------...----��............................•-��--------------------•-------�----------...._
<br /> of.....Grand__IsZand_,.,._� County of .............f?a��....._......__,Stnte of...Nek�:s�&l�a_......,hereinafter referred '
<br /> to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS ANI7 LOAN ASSOCIATION OF •
<br /> LFNCOI.N, 2235 "N" Street, Lincoln, Nebraska fi8502, its successors and assigns, hereinafter referred to
<br /> `�i a.s Lenden � �
<br /> WITNE59ETH: Ttlfit t�1B said Borrower for and in considerAtion of the sum of _.�E/Y.Tk..SE.VEN._TIiOz7SAND � .
<br /> E.T.GH2:.bCLi1VA�D_..AHA__NA/..lOQ-.--c-----r.r..------rrr---------:�o1'.ars (US�.--.27..BD.Q�OD-------------------) �
<br /> paid by said Lender, does hereby mortgage, grant and convey to Len�er, its successors and assigns; the
<br /> following described property located in the County of ........ .........H..aZZ__....._..._..., State of Nebraska: `'
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<br /> Lot Sixteen (16), Block Two (2), in Meves First Addition to the City of Grand
<br /> Island, Hall County, Nebraska.
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<br /> TOGETHER with all the improvements now or hereafter erected on the property, and all easemen��, - - a�:��
<br /> . 4 rights, appurtenanc�, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and
<br /> iwater stock,and all fiatures now or hereafter attached to the property, all of wtTich, including replace- ;
<br /> � ments and additions thereto,shall be deemed to be anci remain a part of the propert,y covered by this ��
<br /> ;s Mortgage; and all of the foregoing, together with said property (or the leasehuld estate in the event this r
<br /> •1 Mortgage is on a leasehold) are herein referre� to as the "Property". e
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<br /> "� Borrower covenants that Bonower is lawfully seised of the estate hereby conveyed and has the right
<br /> � to mortgage,grant and convey the Propetty, 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 /> i easements and restrictions listed in a schedule of exceptions to coverage in any title insurance policy in-
<br /> i suring Lender's interest in the Property, or (2) attorney's opinion of title from abstract of title certified
<br /> by bonded abatracter.
<br /> E PROVIDED ALWAYS� and these presents are executed and delivered upon the following conditions,agree-
<br /> 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 ._�l'E'NTY_SEVE_._
<br /> � xxaus.�ocn
<br /> ,E .F.SfaH.T._.hIi7A1.P.�P_AND_NOJ100------------.-----.-----.-------�ollars �US 5...27 800,OQ -•------�----.....)
<br /> ;; payable as pmvided in a note executed and delivered,concurrently herewith,the 6na1 payment of principal,
<br /> .i if not sooner paid, on the--.--_-...----a.st._....day of .........QEu'9.�.--------------- .._., ]9c.2007 ;
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<br /> i UNLFORM COVENANTS. BOttOWEI'gi1(1 LCRCIBI'COV2f1HIlt AII[] agree as follows:
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<br /> 1. Paymeat of Pria«pal�d Intezest. 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 principal of and interest on any Future Advances sewred by this Mortgage. ,,'�
<br /> = 2. Funds for Taxes and Insuraace. Sub�ect to Lender's o tion under ara ��
<br /> 7 p p graphs 4 and 5 hereof,Bor- :,f�
<br /> � mwer shall pay to Lender on the day monthly installments of principal and interest are payable under the ,;i�y
<br /> i Note,until the Note is paid in full,a sum (herein "Funds") equal to one-twelfth of the yearly taxes and �;�;
<br /> i assessments which may attain priority over this Mortgage, and ground rents on the Property, if any plus � ��`
<br /> 'i one-twelfth of yearly premium installments for hazard insurance, plus one-twelfth of yearly premium in- �"
<br /> atallments for mortgage insurance, if any,all as reasonably estimated initially and from time to time by u"'
<br /> , Lender on the basis of asaeasments and bills and reasonable estimates thereof, Lender shall apply the Funds �
<br /> -? to pay said taaes,assessments,insurance premiums and ground rents. Lender shall rnake no charge for so ��
<br /> � holding and applying the Funds or verifying and compiling said assessments and bills. The I.ender shall .�,,,�;
<br /> � give to the Bortower,without charge,an annual accounting of the Funds showing credits and debits to the
<br /> Funds aad the purpose for wtuch 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 /> ' I.ender and comaungled with other funds and the Lender's own funds and the Lender may pay such items ��- p
<br /> � from its own funda and the I,ender ahall not be liable for interest or dividends on such Funds. � ,
<br /> If the amount of the Funds held by Lender,together with the future monthly inatallments of Funds � r
<br /> '� payable prior to the due datea of taxea, assessments, insurance premiums and ground rents, shall exceed
<br /> +� t2hg amount required to pay said taaes,asaesaments,insurance premiume and ground rents as they fall due, f �
<br /> j such eacess ahall be,at Borrower's option,either promptly repaid to Borrower or credited to Borrower on ;,�- �
<br /> ,; monthly installments of'Funds. If the amount of the Funds held by I,ender shall not be sufficient to pay � _"- '
<br /> taaes, sssesaments, insurance premiums and ground rents as they fall due, Borrower shall pay to Lender
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<br /> ., any amount necessary to malce.up the deficiency within thirLy deys after notice from Lender to Borrower � �
<br /> reqveating payment thereof, or Borrower shall, by an increase in monthly installments ot Funds required,
<br /> repay th'e deficiency within the Fund accounting period.
<br /> ' Upon payment in full of all sutns secured by this Mortgage,Lender shalt apply Funds held as a credit
<br /> a�ainst all suma due. �
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