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<br /> IfVDIVIDUAL
<br /> DUE ON SALE
<br /> ; OPTfONAL FUTURE ADVANCES
<br /> �j �■ SAVINGS FUND 3
<br /> '}. . .�_�-�_. FORut NO-720 . `� ' :, :
<br /> j ��•�� loan Number___ 35804 _-188__-_a�A � L �
<br /> ! 78-- U 01�11
<br /> � M O R T G A G E
<br /> ,� �3 � � - .
<br /> - THIS MORTGAGE,made and executed this ................................ day of./._..�__._.__.....___._... A.D., ' rt
<br /> � 19._�s...;between the Mortgagor,._Ga�y..G.--1Naz:tin._and_.V_icXie..�..Mar.tin.,--husband_.and--w,i•€e,.•--�� ',
<br /> � .J4.a.n�.iJ an'st_.�aaTz_.i.n..t,�iezz:_r.��n..right.......-----••--•-----•...............................•------------�--------••-------�----•----•----..... `
<br /> j of ----•.�r�'�F1.d_.���idR.d.----.., Countq of..--•--------1fa1Z...............State of ...Nebsaslca.......,hereinafter referred ' �
<br /> ? to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> .� LINCOLN, 123� "N" Street, Linco2n, Nebrnska 68501, its succes.�ors and assigns, hereinafter referred to
<br /> i as Lender.
<br /> ;
<br /> �� W1TNE93ETH: TI78t tI16 S33f1 Borrower for and in consideratfion of the sum of_..T.!�TIRTY__T?!x�E.,TxoUSAxn
<br /> � SEVEN NIINDRED FIFTY AND NO/I00---------------------- + 33.750.00
<br /> •-•_••--........_�---....._.............................--•-••----•-------��--•--..........._._................_.Dol.ars (US$----�-��---------- .......- •-----�
<br /> paid by said Lender, Aoea hereby mortgage, grant and convey to Lender, its successors and assigns; the "
<br /> � following described Qroperty located in the County of .............Xa11................... ., State of Nebraska. ;, t
<br /> �J Lot Fourteen (14), in Villa Mar Dee Subdivision, a Subdivision located on all o�' Lot
<br /> .;j Twelve (12), oY the Subdivision of Lot Nine (9} and all of Lots Seven (7) and Eight
<br /> � (8)� in Windolph's Subdivision of part of the Northeast Quarter of the Northwest Quarter �
<br /> ,j (NE4RWy) and part o£ the Northwest Quarter of the Northeast Quarter (NW�NE�) of Section �
<br /> = 14 Townshi 11 North Ran e `
<br /> ,� , p , g 9 West of the 6th P.M., in Hall County, Nebsaska.
<br /> 5 2 �,�
<br /> ';�
<br /> ,� Tocsrxss with all the imprnvements now or hereafter erected on the property, and all easements, � {�4
<br /> R rights, appurtenances, sents, myalties, mineml, oil and ga.s rights and pmfits, water, water rights, and -
<br /> •� water atock, and all fiatares now or hereafter attached to the property, all of which, including replace- � ,. :
<br /> ments and additions thereto,shall be deemed to be and remai� a part of the property covered by this
<br /> � Mortgage; and all of the faregoing, together with said property (or the leasehold estate in the event this
<br /> -( Mortgage is on a leasehol8) 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 /> :� ta mortgage,grant and convey the Property, that the Property is ut:encumbered, and that Borrower will f
<br /> �}} warrsnt and defend generally the title to the Property against all claims and demands, subject to any �'
<br /> '� easements 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 abstracter. �
<br /> '?
<br /> � Paovtn$n A1,wnxs,and these presents are executed and delivered upon the following conditions,agree-
<br /> ments and obligations of the Borrower, to-wit:
<br /> The Borrower agrees to pay to the Lender, or order, the principal sum of_.�'H�.R2'J:..T.KRE�..THOUSAND
<br /> ..SEVEN.XUNDRED_FIFTY_AND,NOjZ00---.------------------..-Dollars (US$__.3.3.<7SA._QQ--•-----------•----•) ; ,.%
<br /> payable as provided in a note executed and delivered,concurrently herewith,the final payment of principal,
<br /> if not sooner paid,on the...first----•---•--.. day of_.......APril----.--.----•---•-.-.----, p9�Q0.� :
<br /> UariFoant CovExnxrs.Borrower and Lender covenant and agree as follows:
<br /> 1. Payment of Priacipal �d Iaterest. 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 principaI of and interest on any Future Advances secured by this Mortgage.
<br /> '� 2. Fuads for Tmces aad Iasur�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 yearly taxes and
<br /> assessments which may atta.in prion'ty over this Mortgage, 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 /> stallments for'mortgage insurance, if any, all as reasonably estimated initially and from time to time by
<br /> } Lender on the basia of assessments and bills and reasonable estimates thereof,Lender shall apply the Funds
<br /> ;� '' to pey said`taxes,assessments,insurance premiums and ground rents. Lender shall make no charge for so
<br /> holding and applying the �nds or verifying and compiIing said assessments and bills. The Lender shall
<br /> gibe to,the Borrawer,without charge,an annual 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 /> aecuaty'for the suma aecured by this Mortgage. The Borrower agrees that the Funds may be held by the
<br /> ' <.' i
<br /> I;ender and commingled with other funds and the I.ender's own funds and the Lender may pay auch items ,.,r......,- , ;,
<br /> �i from its own fuads and the Leadez ahall not.be liable for interest or dividends on such Funds.
<br /> �, ' ��the amount of the Funde held by Lender,together with the future monthly installments of Funds � �r ''
<br /> payable pifor to,the due dat.es of:taaes,asaeaements: inaurance preauaims and ground rents, shall exceed
<br /> the amounls requixed to,pa y said taaes,nssessments,insurance preauums and ground rents as they fall due, �;,;
<br /> au�h exceea sha'll�,be;at Boaowez's:optiom;either promptly repsid to Borrower or credited to Borrower on ,
<br /> � mont8ljx inst.allaienta of Ft�nds..If the amount of the Funds held by I.ender shall not be sufficient to pay ,,w�
<br /> '� . taaes assessments, insurance,premiuma and ground rents as they fall due,Borrower shall pay to Lender �..�
<br /> eay.amount neceseary to.make u the deficien within t ' } �
<br /> p cy h�rty days after notioe from Lender to Borrower
<br /> requesting'payment thereof, or;Borrower shall, by an iacrease in monthly installments ot Funds required,
<br /> :� repay tke deficiency withiii the Fund accounting.period.
<br /> %'�
<br /> Upon,payment in full of all sums secured by this Mortgage,Lender aha11 apply Funds held as a credit �
<br /> '� again�+t nll avma due, -
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