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<br /> ' � IIV�IVIDUAL � ' '
<br /> � DUE ON SALE *'
<br /> . . ;,` . � .'. ", s s
<br /> OPTIONAL FUTURE ADVANCES �
<br /> ` �■ SAVINGS FUND �i' , :
<br /> �� . . �` PORM�NO_�720 � . . . . . . , � '�: ` '�,
<br /> r.
<br /> ` Loan Number__36029--- -188-- --1-- ; i ;4
<br /> y 1� � � � rYo� B.��cn
<br /> ,,� ��—+�U 1 I 1� � � f�.
<br /> � M O R T G A G E
<br /> ? THI:3 MOKTGAGE,made and execrsted this.....................�,7�lsy of_���:�-t��J....._..---A.D., ' `
<br /> : 19..7,�.!between the Mortgagor,....�d�.�d..B.....Rug,eb=egt..and..fher,yl.A�..Hugehr,egt>..husband__aad , ,: ,
<br /> �� �A��,:_.1st�.nzxs_.a�sl._�ach...i,m..zb.e3x..o�an.x�hz..---•--._.....•••-•---••--•-�•-----------------• ,. =;
<br /> ••- ...._-------------------•----•-•---•-•--
<br /> � of--.._..�r.r�d.i$�;ans�......., County of-------------Hall.._....-•-----..,State of..�Tz]xraska_......,hereinafter referred
<br /> � to as the Bortower, and the Mortgagee, FIRST FEDERAZ SAVINGS AND LOAN ASSOCIATION OF
<br /> ,'# LINCOLN, 1235 "N" Street, Lincoin, Nebraska 68501, its successors and assigns, hereinafter refened to
<br /> : ; as Lender.
<br /> i WiTxEssETx: Tliat the said Borrower for and in consideration of the sum of F���._�EE,.THOp��ND
<br /> � _5IX HUNDRED FIFTY AND NO/100------------------------ + ....
<br /> , - .. .. .............-------.....---•------.......--••-----...._...._._.....--�----...-•-------�--..Dol.ars (US$__43x650.00,---••----------•--�
<br /> � paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br /> . foIIowing described property lceated in the County of.......................Aall.._,._ � State of Nebraska: " ` "
<br /> ; Lot �ao (2), Eberl Subdivision, Hall County, Nebraslca.
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<br /> * Toce�rx�a with all the improvements now or hereafter erected on the m rt and all easementa,
<br /> 'i�� P Pe R .:
<br /> ; rights, appurtenances, rents, royalties, minerai, oil and gas rights and profits, water, water rights, and r
<br /> � watet stock,and all fiatures now or hereafter attached to the property, all of which, including replace-
<br /> ments and additions tt�ereto,shall be deemed to be and remain a part of the property covered by this
<br /> ;� Moztgage; 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 /> '� Bortower covenants that Borrower is lawfirlly 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 F'
<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
<br /> � by bonded abstracter.
<br /> PHOVIDED ALWAYS, and these presents are executed and delivered upon the following conditions,agree-
<br /> � ments and obligations of the Borrower, to-wit:
<br /> r FORTY THREE T
<br /> t The Borrower agrees to pay to the Lender,or order, the principal sum of ._.................... ....?��1.uSADTA..
<br /> 'i SIR_HUNDRED_FIFTSL.AND:NO/100------------------------�ollars US$------43,650_.00-----•---..._
<br /> - ••--•---...--•-•-•.....................•----•�----....---•• � --•� �
<br /> � payable as provided in a note executed and delivered, concurrently herewith,the final payment of principal,
<br /> x if not sooner paid,on the...----���.............. day of---.•---.-•- ,-•>
<br /> -.i- A�r��•---�---...----�--�• �c�-2007 ,
<br /> �.'' Ux[soanz CovExax�rs.Borrower and Lender covenant and agree as follows:
<br /> r 1. Payxaeat of Principel�d Interest. Borrower shall rom tl a when due the
<br /> f. p p y p y principal of and in-
<br /> terest on the indebtedness evidenced by the Note,prepayment and late charges as pmvided in the Note,
<br /> ' and the principal of and interest on any Future Advances secured by this Mortgage.
<br /> � 2. Fuads for Tmces and Inaur�ce. Subject to Lender's option under paragraphs 4 and 5 hereof,Bor-
<br /> � rower shall pay to Lender on the day monthly instaliments of principal and interest are payabie under the
<br /> Note;untiY the Note is paid in fitD,a sum (herein "Funds") equal to one-twelfth of the yearly taxes and
<br /> �: assesaments which may attain priority 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 />;�� stallxnents for mortgage insurance, if any all as reasonably estimuted initiall,y and from time to time by
<br /> Lender on the basis of aeaessments and bills and reasonable estimates thereof,Lender shall apply the Funds
<br /> �PeY�a ��,asaesstnents,insuraace premiuins and ground rents. Lender shall make no charge for so
<br /> holding and applying the Fuads or verifying and.compiling said assessments and biils. The Lender shall
<br /> give to t&e Borrower, without charge,an annu9l accounting of the Funds showing credits and debits to the
<br /> Fnads and the purposz for'wlvch each debit to the Funda wes made. The Funds are pledged as additional
<br /> ��,,__�
<br /> aecunty tor the aums secured by this Mortgage. The Borrower agrees that the Funds may be held by the
<br /> � Lender'arid'commingled with other funds and the Lender's own funds and the Lender may pay such items
<br /> from i4s own funds and the Lender shall`not be liable for interest or dividends on such Funds. � �'��
<br /> ; If the:amovnt`of the�unds held by Lender,together with the future'monthly installments of Funds �y�'
<br /> pa�ysble piior to tlie due dates of tsaea,as`sesements, .insurance premiums aad ground rents, shall exceed
<br /> tl�e amouat required to�pay said taaes,aseesaments,irisurance premiums and ground rents as they fall due, �.�
<br /> sacti escess.shall'tie,'at Bortower's option,either promptly repsid to Borrower or credited to Borrower on `
<br /> � monthT ,>��. :�,� •
<br /> y^insLsllmex�ta o#Funds. If the'amonnt of:the Funds heid by Lender shall not be sufi'icient to pay -
<br /> � ��,�e��s.�asurance Psemiums and ground renta as they fall due,Borrower shall pay to Lender
<br /> ' any-amounb necessary to make np the de8ciency within tluzty days after notice from Lender to Borrower
<br />'= re�inesting payment thereof, or Bortower:ahall, by'an increase in monthly installments of Funds required,
<br />�; repay the deficiency.within the Fund accounting period.
<br /> �'' ` Upon,payment in'fvll of all svm's secured by this Mortgage,Lender shall apply Funda held as a credit �
<br /> ; against'all sums due.
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