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<br /> � fND[V(DUAL
<br /> DUE ON SALE
<br /> ��� OPTIONAL PUTURE AD.VAIVCE$
<br /> SAVINGS FUN[q
<br /> ��,R+V�./7 Fbrt�t.No.72b � .
<br /> ( Loan Mumber_36147__m_—i$8_-- --1-,-
<br /> Ty.x �Bnnnth
<br /> Cl8-,.. IVI O R T G A G E
<br /> �0021�0
<br /> ' THIS MORTGA,GE, made and executed this .---... ._....�'�day of.Lt�� ... ... A D,
<br /> ._..
<br /> ; ]�._7.�_,between khe Mortga.gor, _.B.�znaxd...I....ZCanea..�md..Maz:gare.�:..R...Ko. �ra.--.husbaz�d..and_......._.
<br /> ; ...`a���.,...3.u�m�lX-.and_.e�ch._izt..zh:ei.x..Q�.._��ht....................•-•--.........---............._-----........_.....---------�---......
<br /> ; of ._GTA�1:d...ZS�.�tiSl...........,Caunty of ._._.......�iax]...................SCate of.N�bzaska- -.--..,hereinaiter referred '
<br /> ? to as bhe Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF '
<br /> LINGOI.N, I�35 "N"Street, Lirtcoln, Nebraska 6550]„ its snrcessors a.nd assigns, herFi,nafter referred to
<br /> as Lender.
<br /> ; WrTtv�sseTti: That the said Borrower for and in tonsideration of the sum of S.TXTEP.SI_.TFi0.U5AND.._... '
<br /> ...aN�.z�urm�.s�v�rtxx..arm.srQ/.�:o�-- :-:-- �__t_.._���.raoi:�� tus�t�.,izo..ao--� ------ - ---------> ,:
<br /> paid by said 7..ender,dae� hereby martgage, grant and convey tu I.ender, lES SUCCQSSQI'S amd assigns; the
<br /> � ' following described pmperty located iq the County of ...__......_.H�1.7.......,..._......_, State of Nebmska:
<br /> ��
<br /> ' Ail of I,c�t Seven (7) except the Norther].y Forty-one feet (N 41')
<br /> . � the.reof, Block Nine (9j, �,ambert's Additi�n to the City p�
<br /> ' Grand Is7_and, Iisll Cownty, Nebraska.
<br /> i
<br /> � c.
<br /> R�OCETHE[L W1tF1 all the improvements rlow or �liereafter ecected on the property, and a11 ea5emen�s,. _ .
<br /> righ#s, �ppurtenanr.es„ rents, rayalties, miner-a,l„ oi1 and gas t�ights and profits, wates, watex nghts, ana
<br /> water stack, and all fiatures now or heregfter sCtached ta the property, all af whi.ah, including replace-
<br /> ments�nd additions thereta,;shall be deemed to be and remain a part pf the pmpezly covered by this
<br /> IVfortga.ge;„ and a11 of the fore,gtring, tagether with said propprty (ar the leasehalcl estate in the event this
<br /> Mortgage is on a leasehold) are herein referced to as the "Property°'.
<br /> Borrower covenants 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 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 exceptions to coverage in any title insurance policy in-
<br /> suring Lender's interest in the Property, or (2) attorney's opixuon of title from abstract of title certified
<br /> ; by bonded abstracten
<br /> �PROVIDED ALWAY3� 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 S.I7��k1d._�'I�OU&A�iA..._.. ..
<br /> •' •--DDIE..HI7HI]AED_.3E�EZI17i._f.�IR..I391.1.QU---r---rr._----r.r--r-r..--Dollars <US$_�.�.>.147Q.,A.O................ )
<br /> payable as pmvided in a note executed and delivered,concurrently herewith,the final payment of principal,
<br /> , : if not sooner paid,on the...._...ls.t__....----- day of..._........May..--...-.-----... ..__,��c--,2003
<br /> UNIFORM COVENANTS. BOIIOWBT 8Rd LCIIf�eI'COVC118At and agree as follows: , �
<br /> 1. Payment of Principal and Iaterest 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. Funds for Tmces�d Insur�ee. Subject to Lender's option under paragraphs 4 and 5 hereof, Bor
<br /> rower shall pay to Lender on the day monthiy installments 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 /> aasessments 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 an� all as reasonably estimated initially and from time to time by
<br /> ' Lender on the basia of assessments and bills and reasonable estimates thereof,Lender shall apply the Funds
<br /> to pay said taxes,assessments, insurance premiums and�round rents. Lender ehall make no charge for co
<br /> _ holding and applying the Funds or verifying and compiling 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 /> 'r, Fuads 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 /> �' I:ender and commingled with other funds and the Lender's own funds and the Lender may pay such items '
<br /> :' from its own funda and the Leader shall not be liable for interest or dividendA on such Funds_ ��- �'
<br /> i $ �v ;
<br /> , Zf the amount of the Funds held by Lender,together with the future monthly installments of Funds j
<br /> ,�� payable prior to the due dates of tsxea,assessaients, insurance premiums and ground rents, shall exceed J °� �
<br /> ° the amount required to pay said taaes,assessments, insur�ce premiums and ground rents as they fall due, �' ;
<br /> i snch excess shall be, at Borrower's option,either promptly repaid to Borrower or credited to Borrower on �: �
<br /> monthly`inatallinents of Fimds. If the amount of tl�e Funds held by Lender shall not be sufficient to pay h,;=
<br /> taxes, asseasments,insurance premiums and ground renta as they fall due, Borrower shall pa to I.ender
<br /> any amounC necessary to make up the de8ciency within thirtV days after notice from Lender yo Bormwer "�
<br /> requesting payment thereof, or Borrower ahall, by an increase in monthly installments of Funds required,
<br /> repay the deficiency within the Fund accounting period.
<br /> LJpon payment in full of all sums secured by this Mortgage,Lender shall apply Funds held as a credit
<br /> ngainst all suxxis'due.
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