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<br /> 1NDIVIDUAL '
<br /> DUE ON SALE
<br /> , �R� OPTIONAL FUTURE A�YANCES
<br /> SAVINGS FUND ��
<br /> � � ,�__r� _ ForeM No.720�. . . . . � . . .. "'��
<br /> V�•w-� Loan Number___35273__-___1$8==__1__ ' °
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<br />. . - .. . � .. . . .. . .. . . . . TYOe. Brsnch -
<br /> " .78- 0 01612 M O R T G A G E
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<br /> TEiI9 MORTGAGE, made and egecuted this .......................�.3 day of���L%Z'."�f....----•---- A.D_, :
<br /> 19.7.___,betweea the Mortgagor,.Glen_D,.,Le.La__CJt�ur,.and.,Ge��ya__Gai�__7,�e..z,a,.,�t1Eux.-.hushaild. � .,
<br /> an�wifer--joiatlY.••and_.each_in_,their own right.,. - -------•••----------------------------------• `
<br /> .----••-- ---•---•- ------•------....
<br /> Grand Island Ha11________________State of..Nebraska___,_.__,hereinafter referreci ` ' "
<br /> of.... ..--••-----•---•............... County of _....... ... � ;
<br /> to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to
<br /> as:Lender.
<br /> TWENTY SEVEN THOUSAND � � � '
<br /> �i x•�'hat tj�e aid Borrower for and in consideration of the sum of _.................................._. :
<br /> EIGH I��D D NO/10�------------------------'�ol:ars (US$..27,800.00._......-••-------) ,
<br /> _._._.... ...................--�------••---•-•-•-��------------•- •-----�---------.....---•...------•--•---
<br /> paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the �'
<br /> Hal l '' "
<br /> following described property located in the County of ............................................ State of Nebraska: -' �ti:
<br /> � ;,
<br /> Lot Si�c (6), in West Heights Second Addition to the City of Grand Island, HaLl �`
<br /> County, Nebraska. �
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<br /> . � ..`,ry',.
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<br /> Toc�rxEa with all the improvements now or hereafter erected on the praperty, and all easements, i � �.
<br /> rights, appurtenances, rents, royalties, mineral, oil and gas righta and profits, water, water rights, and �
<br /> water stock, and all fixtures now or hereafter attached to the property, all of �vhich, including replace- � � y
<br /> ments snd additions thereto,shall be deemed to Ue and remain a part of the property covered by this �y `
<br /> Mortgage; and all of the foregoing, together with said property (or the leasehold estate in the event tkus �
<br /> Mortgage is oa 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 /> to mortgage, grant and convey the Property, that the Property is unencumbered, and that Borrower will '.5
<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 schedule of esceptions 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 y
<br /> by bonded abstracter.� � r
<br /> Paovinsn ALWAY3� and these presents are executed and delivered upon the following conditions,agree-
<br /> ments and obligations of the Borrower, to-wit:
<br /> The Borrower a ee to pay to the Lender,or order, the principal sum of ...T.�1'1.TY.SEVEN_,THOUSAND ,'
<br /> EIGHT HUNDRED AND�NO�100--------------------------- Dollars (US$.27.t800.00_ )
<br /> •--••---• •---•-••----•----.....--•••--•----...-_••-••-••••••--•--....--------------------•--•-------•••--••--- .......--•----
<br /> payable as provided in a note executed and delivered,concunently herewith,the final payment of ptincipal,
<br /> if not sooner paid,on the__......�.s.�.............day of -------------Apzil._--••----....------.--, 18x.2007 ' :.;
<br /> UxiFoaM Covsxnx�rs. Bozrower and Lender covenant and agree as follows:
<br /> 1. Payment of Principal�d Iaterest. Borrower shall promptly pay when due the principal of und 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 secured by this Mortgage.
<br /> 2. Fuads for Tmcea�d Insur�ae_ 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 fvll,a sum (herein "Funds") equal to one-twelfth of the yearly taxes and
<br /> aseeasments which may attain priority over this Mortgage, and ground rents on the Property, if any plus
<br /> one-twelfth of yearly premium inatallmenta for hazard insurance, plus one-twelfth of yearly premium in-
<br /> atallments for mortgage inaurance,if any, all as reasonably estimated initially and from time to time by
<br /> Lender oa the basis of assessments and:bills and reasonable estimates thereof,Lender shall apply the Funcis
<br /> to pay said taxes,assessments,inaurance premiums and ground rents. Lender shall make no charge for so
<br /> holding,and:applying the Funds or verifying and compiling said assessments and bills. The Lender shall
<br /> giye-to the Borrower,without aharge,an annual accounting of the Funds ahowing credits and debits to the �
<br /> Funds and the pnrpose for which each debit to the Funds was made. The Funds are pledged as additional ;,
<br /> sec�iaty for the sums secured by this bfortgage. The Borrower agrees that the Funds may be held by the '
<br /> Lender and`commingled with other funds ancl the Lender's own funds and the Lender may pay such items �'_
<br /> from its owti funds'and the Ixader shall not be liable for interest or dividends on such"Funds.
<br /> If the amouat of the Funds held-by Lender,together with the future monthly installments of Funds `'��` ;
<br /> payable pnoi to the dne dates of tazes,as'sessments: insurance preauums and ground rents, shall esceed ;
<br /> iI�e'amount requued;to'p"sy.8sid taaes,aeeesstaents,;insurance premiums and ground rents as they fall due, � �:
<br />( sdcfi'�eaceas�shalY be,;at Borttiwer's bption,either promptlyrep sid to Borrower or credited to Borrower on -;;
<br /> monthly`inatalimenta of'F'iinde: If the ambunt of the Funds held by Len2ler shall not be sufHcient to pay �"� �-
<br /> ° tazes;•assesameata;�'insurance premituns atld"gronnd"rents as they fall dve, Borrower shall pay to I.ender .a:2'.,;. +, ',
<br /> any'`amouat aeceseary'to mrtke tiip the deflciency within thirty days after notice from Lender to Borrower ,'
<br /> requesting�payment�thereof,:or�$orrower ahall, by an mcrease in monthly installments of Funds required,
<br /> ;epay the�deficiency<,within the Fund accounting period
<br /> L7Qon payment in full of all sums secu;e8 by this Mortgage,Lender shall apply Funds held as a credit �
<br /> against all aums due.
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