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<br /> INDIVIDUdL
<br /> GUE ON SA�.E
<br /> �R�' OPTIONAL FUTURE ADV-ANCES
<br /> � � �+ SAVII�CGS FUND
<br /> .. �� .FowM tVo.72G . . � - � .
<br /> Y R. --
<br /> Loan Numt�er___360�4-----Y1�8_=-�a.1:�� -
<br /> r
<br /> 78-- C)02U5'7 MORTGAGE
<br />, TAI3 MORTGAGE, r�iade and execnted thi5 /G day of `�-'� A D,
<br /> 19..7�.._,between th� Mnrtgago� r, ....�chael Van,�yke and Stiaron I.,,__Van l�•ke� husband and wife,
<br />, jointly and each �n Y.hei�c own right, ........
<br /> •-�--•-�- --�...... ........ ......... ... ... ,.. ...._....----•--
<br /> ...••-. . ........ . . .
<br /> i af_. Grand Islaad..__, County of....-•---_. Hali .-------->State�f..Nebraska..., _..,heceinaftee referred
<br /> to as the Borrower, as�d the Mortgagee, FIRST FED-ERAI.SAVINGS AI�ID LOAN A$SCICIAT30N nF'
<br /> I.ISVCbI.N, 1235 "N" 6treet, T.inaoln, Nebraslca 685(�t, its su�cCessors and a.ssigns, hexeinafter seferted to
<br /> i as Lender.
<br />: Wr•rrtess�rx: Ttiat t}�e aid $onower for anil irs cansideratiion of Lhe sum of_..THIRTY_.TFiREE THpUSAND
<br />' EIGHT H�UNDRED AiJD NO/TU� --__^--•._..-�_�--�--Dol;ars (LTS$_.�� 800._00...... .. ......_) {
<br />, .------ ....... --�.... .......... .... ..-- -•---..-�------------ ---�--....--
<br />' gaid by said Lender, does hereby mortgage, grant and c H�viy ta Len�ler 3ts successors and asAigns, the ' `:
<br /> following described pmperty located in the Connty of......__..1.. ......,.... ... ........, State of Netrraska: �„
<br /> The NoYt� 2T feet of Lot 5, �7-��k 13, in West �'ark Addition to the City of Grand I�l-and, Hza].1
<br /> County, Nebraslca, and a txaet oP land abutting thereon and desexibed as follows: Begi.nni.ng at the
<br /> Rorthwe&t corner o� Lat �, Block 13, Wes� Parlc: Aciditinn to. the City Qf GYand Isl.and, Nebraska;
<br /> thence rutuaing East on tl�e Nqrth line of said Lot 5, �'or a distance of' a:09.25 feet td the Northeast �
<br /> corner of saicl Lot 5; thence running Narth on a pral.ongation o# the East line of �bid Lot �, for a
<br /> distance o£ 36 €eet; thence rtmning West ;pa��1Te1 to �he North 2ine of Sai:d Lot S, 10�.25 �ee� to
<br /> e paint on the Wes-Gerl.y line of such Lot 5 if thz same were ex'tendecT tp t;h.e North; thence South
<br /> 36 Eeet to the NortT�west corner of said Lot �, such tract 'being a pa_t of what Eormerly was West
<br /> Eleventh Street in the City of Grand 3slatid, �Yebraska, vacated by Ordinanee NG. 2g21.
<br /> TocertTsx wixh all the improvements now or hereafter erected on the 'pro'perty, ant� aIl es.�cements,
<br /> rights, appurtenances, ren.ts, rayalt"aes, mineral, pil and gas rights and profits, water, water rights, and
<br /> water stock,and All fixtuzes now qr hereafter attached to the property, al'1 of which, including replace-
<br /> ments and additions thereto, shaT1 be deemed to be and retnain a part of the properky cavered by this
<br /> Mostgage; and a11 of the foregoing, bogether with said property (or the leasehnld estaCe in the event this
<br /> 1Wlortgage is on a leasehold) a-se herein referred to as the "Praperty>„ '.
<br /> Bosrower covenants that Borrower is lawfully seised nf the estate hereby corn eyed 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
<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 /> PROVIDED 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 sum of .THIRTY_THREE_.TfiOUSAND
<br /> EIGFIT HUN!)RED AND NO/100-------------------------Dollars (US$-..33.,800_00...._ ..----•-� �
<br /> •-•-----.._..---�.............•--------......-------.....-----•-�--•-----------•--•....._.....---•---....... .... :
<br /> payable as provided in a note executed and delivered,concurrently herewith,the final payment of principal,
<br /> if not sooner paid,on the--.----.....lst.-•----.. day of-----....---Ma --.......,
<br /> 3r --�----�-�---�- �e-...�007
<br /> UNIFORM COVENANTS. BOTiOWQT BRCI I.CIICICT COV0ri9IIt RIlfl agree as follows: �� �� .
<br /> 1. Paymeat of Priacipal�d Iatezeat. Borrower shall promptly 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 /> and the principal of and interest on any Future Advances secured by this Mortgage.
<br /> 2. Fiuids for Taxes�d Iasur�ee. Subject to Lender's option under paragraphs 4 and 5 hereof,Bor-
<br /> rower shall pay to Leader 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 "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 /> one-twelfth of yearly premium installments for hazard insurance, plus one-twelfth of yearly premium in-
<br /> stallments for mortgage insurance, if any, all as reasonably estimated initially and from time to time by
<br /> T�ander on�the basis of assessxnents and bills and reasonable estimates thereof, Lender shall apply the Funds � � ' � - ��. �
<br /> to pay said taaes assessments,insurance premiums and ground rents. Lender shall make no charge for so
<br /> holding and applying the Funda or verifying and compiling said assessments and bilts. The Lender shall
<br /> give to tlie Borrower,without charge,an a�ual 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 /> security for the sums 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 Lender shall not be liable for interest or dividends on such Funds. -
<br /> . . -� . '`'�s,_,.
<br /> If the amount of the Funds held by Lender,together with the future monthiy installments of Funds { .,�
<br /> payable prior to the dne dates of tazes,assesaments, insurance premiums and ground rents,shall exceed
<br /> the atnount required to pay said taxes aeeeasments,inaurance premiums and ground rents as they fall due, � i
<br /> anch eaoeea:shall be,at Borrower's'op�ion, either promptly repaid to Boxrower or credited to Borrower on
<br /> monthly installmente of Funds. If tl�eiamount of the Funds held by Lender shall not be sufficient to pay � ' ,� '
<br /> ta�ces, assessments, insurance premiume and'ground rents as they fall due, Borrower shall pay to Lender .���
<br /> any amount necessary to make up the deficiency within thirty days after notice from Lender to Borrower ':.�.,.
<br /> reqnestixxg payment thereof, or Borrower shall, by an'increase in monthly installments of Funds requirecl,
<br /> zepay the deficiency,cvithin 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 /> aBainst all sums due.
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