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<br /> _ r �' :
<br /> t . , . . '
<br /> � INDIVIDI.JAL
<br /> ' DUE ON SALE
<br /> Fl��' OPTIONAL FUTURE ADYANCES
<br /> �` SAVINGS FUWD
<br /> '.,'�� :�FORM N0.7'LO-..� .. . � � , ' ' �. .,�,
<br /> , � Loan Number__36028--- - 188_-_ 1_ '
<br /> .� - � Typa B�en<h Y
<br /> � 78-��16 S7''7 M O R T G A G E � `
<br /> � � THI3 MORTGAGE,made and executed this ..............1---........... day of ....-----�/°:�:'�.-•---.......... A.D., . ;
<br /> � 19...7..�1,betweea the Mortga�or,...Robert..M, $a�Cg�..agd..i��h�ee��__7�....�axcaX.,..}xushaad_.and..wi£e, ' ;
<br /> ..... ,'
<br /> � ,j.ointl_}!._and_each_,in;their_own_right_,.---...•--••---------------- ,,
<br /> � .._..------•.................�--------•------•------.....---..._..._...--•-----
<br /> " of ._Grand..Zsland--•.--._, County of_.._........Hall...._...---•--..,State of_N�bF�s7.4a..-----,hereinafter referred
<br /> $ . to as the Borrower, and the Mortgsgee, FIRST FEDERAL SAVINGS AND LOAN ASSUCIATION OF ; '
<br /> j LINCOLN, 1235 "N" Stseet, LineoIn, Nebraska 68501, its succesaors and assigns, hereinafter referred to f
<br /> � as Lender. �
<br /> Wrrx��s ETH: That the s 'a Borrower for and in consideration of the sum of._...F=�..THOUSAND_,._ �
<br /> ,� TWO tiUNDItED FIFTY AND NO�100----------------------- , 50 250 0 � i'
<br /> ._ .....-•------- ---------------•-•----------.....-----................_......_..----------.....-•--•------Dol.ars (US$---�---..�....__s..�.----.... --•--
<br /> ,� pald by said Lender,does hereby mortgage, grant and convey to Lender, its successors and assigns; the ; ;
<br /> ` following described property located in the County of ............. .. Hall _.________� State of Nebraska: " `
<br /> 1 . ...............__. ,.
<br /> � .!.
<br /> :� Lot Nineteen {19), Capital Heights Seventh Subdivision, Hall County, Nebraska. ;> G;
<br /> � r.
<br /> ,
<br /> a �-
<br /> � �; �
<br /> � TocETxsx with all the improvements now or hereafter erected on the property, and all easements, ?� r .
<br /> rights,appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and
<br /> water stock, and all fixtures 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 foregoiag, together with said pmperty (or the Ieasehold estate in the event this
<br /> 1klortgage ia on a leasehoid) are herein referred to as the "Property". c -
<br /> Bortnwer wvenants 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 unencnmbered, and that Borrower will • `
<br /> . � warrant and defend generally the title to the Pmperty against all claims and demands, subject to any � ' ��
<br /> easements and restrictions listed in s 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 certiSed
<br /> by bonded abstracter.
<br /> � PaovinEa ALWAYS� 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 surn of_..FIFTY, TEiOUSAND_ TWO,_.
<br /> � HUNDRED FIFTY AND NO/100-------------------------- 50 250 00 •----)
<br /> ..-•---••-••----•-------•---...-----••--•••--------••-•---------••-••-•------------------....--••------••-----•----Dollars (US$--------••-'----•
<br /> - � payable as provided in a note executed and delivered,concurrently herewith,the final payment of pnncipal,
<br /> .�
<br /> � �; if not sooner paid, on the__.__....lst-•-•.-----. day of.............ARxa-J.-•--•.---------•- -•--�$.8.20R7
<br /> Ux[soaHt CovEivetaTs. Borrower and Lender covenant and agree as follows:
<br /> �',• 1. Payment of Priacipal�d Interest. Borrower shall promptly pay wI�en due the 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 Insurmice. Subject to Lender's option under paragraphs 4 and 5 hereof, Bor-
<br /> rower ahall pay to Lender on the day monthly installments of principal and interest are payable under the
<br /> Note,untiT the Note is paid in full,a sum (herein"Funda") equal to one-twelfth of the yearly taees and
<br /> � assessments which may attain priority over this Mort a e, and
<br /> 1 one-twelfth of earl g g ground rents on the Property, if any plus
<br /> y y premium installments for hazard insurance, plus one-twelfth of yearly premium in-
<br /> ��; " stallmenta for mortgage insurance,if any, all as reasonably estimated initially and from time to time by '
<br /> :, Lender on the basis of assessments andbills and reasonable estimates thereof,Lender shall apply the Funds >��
<br /> i to pay said tases,assessments,insurance premiums and ground renta. Lender shall make no charge for so
<br /> �, holding;and applyiag the Funda or verifying and compihng said assessments and bills. The Lender shall
<br /> give to the Borrower,without charge,an annual accounting oF the Funds showing credits.and debits to the
<br /> t�• ' Funds and the purpose foi which each debit to the Funds was made. The Fuads are pledged as additional F
<br /> �. security'.for the aums secured by this Mortgage. The Borrower agrees that the Funds may be held by the x .
<br /> ? - I;ender"and commingled with other funds and the I.ender's own funds and the Lender may pa y.such items
<br /> �
<br /> from its own:funds and the Lender shall not be liable for interest on dividends on such'Funds. '=""" y „''
<br /> � If the'amount of the`Funds held by Fxnder,together with the future monthly:installments of Funds K.w � ;
<br /> a , payable prior to the due datea of taaee,assessments, insurance premiums and ground rents, shall'exceed ,
<br /> the amouat required to pay said'faaes,�naeessments,insurance premiums and ground rents as they fall due, ( �«.,�
<br /> �'' �tr c h e x C e a s s I i a 7 1`be,a t B o r r o�'v e r's op t aon;ei t her promp t ly repa�d to Borrower or cre d ite d to Borrower on
<br /> n
<br /> ,�° � monthly�installm'ents of Fnnds,If the amount of the Funds held by Lender shall not be sufficient to pay �'�
<br /> ta�ces,asaesemente,'ineurance pr�ariums and ground reats as they fall due,Borrower shall pay to Lender �
<br /> ,�,+# ailx�amovnt'aecesesry.to:make up the deiiciency'within thirty days after notice from Lender to Borrower �µ'"�•� �>�.�
<br /> ,,� reqnesting paymeat tliereof, or Borrower ehall,:by an increase in monthly instaIlments of Funds required,
<br /> �' repay the deficiency,within the Fund accaunting period.
<br /> �'�� Upon payment in,full of all sums secvred by this Mortgage,Lender st:all apply Funds held as a credit
<br /> against all aume due.
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