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<br /> IfVDIVlDUAL
<br /> �UE C�N SAL6
<br /> �'�' OPTIONAL FUTURE ADVANCES
<br /> ' �� SAVINGS P4.IND
<br /> �� : �� FopM N0.720 . � � j.�.
<br /> ��,' Loan Number__35234___�_149 --8 lc^ �. `
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<br /> ,, ,'
<br /> , - � 7g-yUU1902 MORTGAG E
<br /> !' THIS MORTGAGE,xnade and executed this --•. ..................:�Sd� of......�1� ` �
<br /> - Y -G��_. A D.,
<br /> . ; 19.,'�'i.•�;,between the M4rtgagor,..---Ralph--H;,._.Sholes..and._Marga�eG..'7,aAe__�ktRle.s..._h.li�1.?��a...�t.....
<br /> ; :._...---Ltif�...3o3aat];Y-.,1A41..�.�h_.i�►...their..own..riSh!:�..........--..................•---• : '
<br /> - ............................... .
<br /> ; of ._.Grarkd..I�.1.8[�a..---•---.., County of... FIall. . ................State of..._.Nebraska----.,hereinafter referred ' , .
<br /> � to as the Bortower; and the 11!Iortgagee, FIRST FEDERAL SAVIIVGS AND LOAN ASSOCIATiON OF
<br /> LINCOI.N, 1235 "N" Street, Liacoln, Nebraska 65501, its successors and assigns,hereinafter referred tio
<br /> + as Leader.
<br /> ( WiaxEsss'rx: That the said Bonower for and in consideration of the sum of FO�t�..TkZR�£:._�fi0J7S41ND >,
<br /> � AND NO/100 --------^----------___----�------------- ,
<br /> .._....- --•-.............•-- -�---.....------......-------•-�------�-----._...--•--•-�--------....77ol,ars (US $...43.�.O.Q� 9Q..--------�-------->
<br /> ; paid by said I;ender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the F
<br /> ' following described property loaatecl in the County of _....__.Ha,l.7......_........__.._......., State of Nebraska: � • ,`
<br /> . �,
<br /> Lot Thirty (30); Bloek One (1), Brentwood Subdivisioh in the City
<br /> ! of Gxaad Island, Hall County, Nebraska. �,
<br /> u' -
<br /> �,�
<br /> # TocE�rt�a with all t}ie improvements naw or hereafter erected �n the ptoperty, aad all easements, �:
<br /> rights, appurtenances, nents, royalties, mineral, oil and gas rights and profits, water, waber rights, and =
<br /> Fwater stock, and all fixtures now or hereafter attached to the pmperCy, all of which, including replace- �
<br /> } meats and additions thereto,shall be deemed to be and remain a part of the pmperty covered by this
<br /> 3 Mortga�e; and all of the foregping, together with said propertv (or the leasehold estate in the event this �
<br /> � Murtgage is on a leasehold) are herein referred to as the "Pmperty". ` �c`
<br /> Bormwer covenants that Borrower is 1'awfully seised of the estate hereby conveyed and has Che right
<br /> �^ to mortgage, grant and convey the Property, that the Property is unencumbered, and that Borrower will
<br /> warrant and defend enerall the title to the Pro '
<br /> g y perty against all claims and demands, subject to any �
<br /> � easements and reatrictiona liated in a schedule of exceptions to coverage in any title insurance policy in- '
<br /> suring Lender's interest in the Property,or (2) attorney's opinion of title from abstract of title certified �
<br /> t by bonded abstracter.
<br /> .I� PROVIDED ALWAY3� and these presents are executed aad delivered upon the following conditions,agree- �
<br /> � ments and obligations o#the Borrower, to-wit:
<br /> , � The Borrower agrees to pay to the Lender, or order, the principai sum of._F4Fi�X---7�BE�...�$QU�,NP.._ � -. �'
<br /> . ._..�ANII_NQ/.7.9Qc-r..----.-.--------_----------_-----_----..-.---�ollars US $...4��OQU_Q9...................)
<br /> (
<br /> � payable as provided in a note executed and delivered,concunently herewith,the final payment of principal,
<br /> ; if not sooner paid,on the........lst..--------... day of..-----...--APra3----------.--..---.-�al.�_.20Q7 ;.
<br /> �
<br /> �� UNIFORM CoVsxwlvrs.Borrower and Lender covenant and agree as follows: ' �� ��
<br /> 1. Paymant of Principal and Intezest. Borrower shall prompt2y 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 /> t and the principal of and interest on any Future Advances secured by this Mortgage.
<br /> p� 2. Funds for Tmces�d Insurmiee. Subject to Lender's option under paragraphs 4 and 5 hereof,Bor-
<br /> : 3 rower sha12 pay to Lender on the day monthly instaliments 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 attain priority over this Mortgage, and ground rents on the Property, if any plus
<br /> -i one-twelfth of yearly premium inatallments for hazard insurance, plus one-twelfth of yearly premium in-
<br /> ''� stallments for mortgage inaurance,if any, all as reasonably estimated initially and from time to time by
<br /> � Lender on the basis of assessments and bills and reasonable estimates thereof,Lender shall appiy the Funds
<br /> i to pay said taaces,assesaments,insurance premiums and ground rents. Lender shall make no charge for so
<br /> , ,� holding and<appiying the FunBs or verifyu►g and compiling said assessments and bills. The Lender shall
<br /> g�ve to the Borrower, without charge,an annua(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 /> secvrity for the aums secured by this Mortgage. The Borrower agrees that the Funds may be held by the
<br /> � Lender and commingled with other funds and the Lender's own funds and the Lender may pay such items _,,,�,... ,
<br /> from its own.funds and the I.ender shall not be liable for interest or dividends on such Funds. � °
<br /> If the amount of tlie Funds held by I.ender,together with the future monthly installmenta of Funds '�'LL�
<br /> payable prior to the due dates of taaes,assessments, ins u r a n c e p r e m i u m s a n d g r o u n d r e n t s, s h a ll e a c e e d r:.
<br /> 4� the amount required to pay said taaez�assessments,insurance premiums and ground rents as they fall due, �;'rs
<br /> sucTi.eaceas shall;ber at Borrower's option, either promptly repaid to Borrower or credited to Borrower on c.: .y
<br /> '� monthly;iasEsllments of Funds.:If the amount of the Funda held by-Lender shall not be sufficient to pay �`!+�
<br /> � taxes,,assesscpents,iasurance p=emiums and ground rents as they fall due, Borrower shall pay to Lender e'�',,m °�
<br /> ' anY.��t aeceseary to make up the deficiency.within tturty days after notice fmm Lender to Borrower " •�� j
<br /> reQueating,payment thereof, or Borrower shall, by an inctease in monthly installments of Funds required,
<br /> repay tfie de&ciency within the Fund accounting,period.
<br /> � Upon payment in full of all sums secured by this Mortgage,Lender shall apply Funds held as a credit
<br /> againat all suma due.
<br /> �
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