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<br /> ItV�IVIDUAL
<br /> DUE ON SA4E
<br /> ' OF'TIONAL FUTURE ADVAfVC6S
<br /> i � SAVIN65 FUND f-`,
<br /> � FO�,s,ta No.7'�,P. � ' ,�.
<br /> '",� Lban Nurnbeo___35809__— 188 — 1
<br /> .' .. � � �. � Troe��� B.i�th '
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<br /> j 78-��02041 M O R T G A G E ,'.
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<br /> � �HI$MORTGAGE,macle and exewted thts � dtty of ... ��+..-�..!� _,....._ A.D., � '_
<br /> � 19.�:..,between the Mortgagor.. �!?+?ald R,._Amzck_and Esther_M::...A,m�,r,�.,.,��„s,�antd dnpt_.r;�ifa.-...
<br /> ' .:.J.osntZy,,and; each,sn the:�r own.tsght<..,-••----...-•..... ............ ...........•---••----------..._.-•---.........: .._._.... ^
<br /> � •-•---•- - - •
<br /> $ af _..Grand Island......., Caunty of-----_- Ha1Z . State of_.Ned?X'asks�-------.,hereinafter refesred ' `
<br /> { to as the �rrower, and the Niortgagee, F'IRST' FEDEEZAL SAVIIVGS ANI?LnAN ASSO(;TATION OF
<br /> i LII�TCO.LN, 1235 "N" Street, T.incoln, Nebraska 68501, its Auceessars and assiqna, hereinafter referred to
<br /> � as Lender.
<br /> WPri��sssxi-t: That the said Bzrrrower for and in conaideration of the Sum of TXIRTY SIX.THOUSAND
<br /> ? EZGHT HUNDRED A1V p NO/100 ------- ------------ 36 800 00 ._... ._. .
<br /> ; .... _........ ......... ......... •_.. .------•------... , .------._. _....._.,.......-�------'S�ol3ars (US$---• --.. ._.... ._ _ ) : ,?:
<br /> ' paid by said Lender,does hereby mortgage, grant and convey to Lender, �ts successors aad assigns; the ':
<br /> i following described propertq located in the C:ounty of._....�a�:�............... .._..., State af lvebraska: t;
<br /> � .......
<br /> y I,ot Forty-one (41), Wo1Fe's Subdivision, Haa.l. Gounty, Nebraska. ,
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<br /> �� 'Pc)c�THEx with,all the impravemen�c now or hsreafter erected on the pmperty, and alI ease#nents, `'
<br /> rights;appurtenanees, sents, rayalties, mineial, oil and gas rights and pmfits, water, water rights„ and
<br /> ± watez stoak, and all futures now ot hereafter attached to the pt»perty, all of which, including replace- i K ry;
<br /> ;,� me,nts and additions thereto, shall be de�emed to be and remain a part of the pmperEy cavered by this ` �^ r:
<br /> ,,'� Mortgage; and all of the fozegoing, toget'her with said property (or t�e leasehold estate in the event this � r'?
<br /> � 1Vlortgage is on a leasehold) are herein referred to ss the "Praperty". ` ry.'
<br /> ' Borrower covenants that Borrower is iawfully seised of the estate hereby conveyed and has the right
<br /> � to mortgage,grant and convey the Property, t�iat the Property is unencumbered, and that Bortower will '"
<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 egceptions to coverage in any title insurance policy in-
<br /> suring Lender's interest in the P=operty,or (2) attorney's opinion of title from abstract of title certified
<br /> ',� by bonded abstracter. -
<br /> ;� Paovinep ALwpYs, and these presents are executed and delivered upon the following conditions,agree- �
<br /> ments and obligations of the Borrower, to-wit:
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<br /> ,� The Bortower a rees �q pay to the Lender,or order, the principal sum of .....THrRTY__SSX__THOUS�ItITp
<br /> � EIGST FIUNDRED �D NO/200--------------------------_- 36,800 DO ;
<br /> ........__....----•----••-•--•---------------------•--•-----•---••-•••-•--------•-•--..._._..--------...--•---------Dollars (US$.-•- -••----.. ....-�--- ...----�
<br /> payable as provided in a note executed and delivered,concurrently herewith,the final payment of pnncipal,
<br /> � if not sooner paid, on the_..._...lst.............day of.-----April.-�--�--......---. ....---� �+BS..�47 `,
<br /> " UxrsoxrR CovExnx�rs. Borrower and Lender covenant and agree as follows:
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<br /> ` 1. Payment of Principal�d Iateres� Borrower shall rom tl
<br /> ,�,� p p y pay when due the principal of and ia-
<br /> a terest on the indebtedness evidenced by the Note,prepayment and late charges as prov�ded in the Note,
<br /> and the principal of and interest on any Future Advances secured by this Mortgage.
<br /> �� Z Funds for Taxes�d Insur�ce. 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,until t}�e Note is paid in full,a sum (herein"Funds") equal to one-twelfth of the yearly taxes and
<br /> ,� assessmenta which mayattain priority over this Mortgage, and ground rents on the Pmperty,if any plus
<br /> one-twelfth of yearly premium installments for hazard insurance, plus one-twelfth of yearly premium in-
<br /> atallments for mortgage insuraace,if any,all as reasonably estimated initially and from time to time by
<br /> ;.� Lender on the basis of assesements and bills and reasonable estimates thereof,Lender shall apply ttie Funds >
<br /> - to pay said taxes asaessments,insurance premiums and ground rents. Lender shall make no charge for so
<br /> -� holding and applymg the Funds or verifying and compiling said assessments and bills.The Lender shall
<br /> give.to;the Sorrow+er,without charge,an annual accounting of the Funds ahowing credits and debits to the
<br /> Funds and the purpoae for which each debit to the Funds was made. The Fnnds are pledged as additional
<br /> aecurity.for the sume secured by this Mo;tgage. The Borrower agrees that the Funds may be held by the
<br /> Lender and cotnmingled with other fuads and the Lender's own funds and the Lender may pay such items
<br /> from its own fun�s and tfie Lender sha1T not be liable for interest or dividends on auch Funds. �' _
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<br /> Ef the amouat of the Fwnda I�eld by 7�ender,together with the future monthly installments of Funds
<br /> , : PaYable psior.to the dne dates oP:tsaea�assessments, insurance premiums and ground rents, shall exceed �� `• .;
<br /> the amount,reqtured to pay said taxes,aseeasments,insurance premiums and�ound rents as they fall due, �u�
<br /> such excess sl�slF iie,at Borrower's option;either promptly repaid to Borrower or credited to Borrower on �
<br /> ' ' mon�ly`instaUmenta of Funds. If,the amount of the Funds held by Lender shall not be suf&cient to pay '�� ,��'r „.
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<br /> � taaes, asseasmerits, insurance premiums.and..�ound..rents as they fall due,Borrower shall pay to Lender _ .
<br /> .� any smouat necessary to make up the deficiency within thirty days after notice from Lender to Borrower
<br /> �} requestang ent thereof, or'Borrower shaII, by an inerease in monthly installments of Funds required,
<br /> - repaY tkie '�ency within the Fi�nd acxounting period.
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<br /> Upon payment in full of all sums aecured by this Mortgage,Lender shall apply FundF helrl aa a cre�it �
<br /> against all sums due.
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