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<br /> ' IfVDIVIDUAL
<br /> �I DUE ON SALE
<br /> `�� � QP710NAL. FUTURE qDVA1VGES
<br /> r SAVINGS FUN� '-
<br /> r' �� FORM No.720 � �-�
<br /> Loan Number_36090____-_188__-_1___
<br /> ; � rro� e.s�cn . . .
<br /> ; '�8' �'�n22�� MO RTGAGE
<br /> �
<br /> iTH33 ivIORTGAGE, made and execuled Lhi� ...--�•---•-••-�-----......��day of ._r.. ..�-----.....-•--�--- A.D.,
<br />? 19._.7�between the Mortgagor,__.Lynn..R....Fi.tzszman,s.__ansl...M�z'j.qxi.�...R._.. .�..tzs,imons�,
<br /> ...-•----....•------
<br /> .._..__..--•----........hu&bAnd..srad._w�.��,._3oi.[1kx3t--�c�a.._�a�h..in__Xheir__own right,....
<br /> -•- ----�-�•----�---••------••-
<br />: of _C�Aasi...Is��ztd------------- County of..........Fi�b�.----••--_--..----.,State of Al.ebra ska----..,hereinafter referred
<br />; to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASS�CIATION OF
<br />} LINCOLN, 1235 "N"Street, Lincoln, Nebraske 68501, its successors and assigns, hereinafter referred to
<br />' as Lender.
<br /> r WirxesseTx: That the said Borrower for and in consideration of the sum of TI�IR,TX._�T:�R�E._�F�QI.ISAND �
<br />( ..SE4ELLL_�lUNAREA---EIETY._.ANA.�IQ/.�9Qr.-r.r..-----.----r.r..----.---Dol:ars (US�...----33�750.00..-----.-.----� , ;;
<br /> paid by said Lender,does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br /> fc??�::�ing dr:.:bed property lucated in Ene County of ......_.__.Hall_______________________ State of Nebraska: f
<br /> i-
<br /> The Easterly 5.6 feet o£1Lot Twenty-fovs (24), in Sass Second Subdivision, �
<br /> and the South Quarter (Su) of Lots One (1), Two (2), Three (3) and Four
<br />; (4)3 of Sass Subdivision, all located on part o£ the Northeast Quarter
<br /> (NE,�) of Section 14, Township 11 North, Range 9 �iJest of the 6th P.M., Ha11
<br /> County, Nebraska.
<br /> i.
<br /> TOCETHER W1Et1 all the improvements now or hereafter erected on the property, and all easements, �
<br /> rights, appurtenances, rents, royalties, mineral, oil and gas �ghts and profi�s, water, water rights, and
<br /> water stock, and all fixtures now or hereafter attached to the property, all oi r�hich, including replace-
<br /> ments end additions thereto,shall be deemed to be and remsin a part of the property covered hy thia
<br /> Mortgage; and all of the foregoing, together with said property (or the leasehold estate in the event this '
<br /> Mortgage is on a leasehold) are herein referred 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 1
<br /> easements and restrictions listed in a schedule ot 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 /> by bonded abstracter. ;
<br /> PEOVIDED ALWAYS� and these presents are executed and delivered upon the following conditions,agree- � �
<br /> ments and obligations of the Borrower, to-wit:
<br /> _
<br /> The Borrower agrees to pay to the Lender, or order, the principal sum of .THIRTY_THREE TAOUSAND
<br /> --�---.... -�-------
<br /> •---SEV.EDL.HUI4DREI2__k'�FTX..�AP1P..N4�100---------------------Dollars (US$-....33�750._00
<br /> •------•---••----••------�---....----...... -----•--�-•-•-�
<br /> payable as provided in a note executed and delivered,concurrently herewith,the final payment of principal,
<br /> if not sooner paid,on the.---...----•--lst.----._ day of................N1aY_-.----.---...---.._ 7�1�c..2AA7
<br /> UxtFoeNt Covexnxrs.Bonower and Lender covenant and agree as follows:
<br /> 1. Payment of Prineipal and Ialezest. Borrower shall promptly pay when due the principal oF and in-
<br /> terest on the indebtedness evidenced by the Note,prepayment and late charges as provided in the Note,
<br /> and the principal of and interest on any Future Advances secured by this Mortgage.
<br /> 2. Fuads for Tmces and Insur�ce. Subject to Lender's option under paragraphs 4 and 5 hereof, Bor-
<br /> rower shall pay to Lender on the day monthly installments of principal and interest are payable under the
<br /> Note,until the Note is paid in full,a sum (herein"Funds") eqr�al to one-twelfth of the yearly taxes and
<br /> assessments which may attain priority over this Mortgage, and ground rents on the Property, if any plus
<br /> one-twelfth of yearly premium instailments for hazard insurance, plus one-twelfth of yearly premium in-
<br /> stallments for mortgage insurance,if any, all as reasonably estimated initially and fram time to time by
<br /> Lender on the basis of asseasments and bills and reasonable estimates thereof,Lender shall apply the Funds
<br /> �O PaY$aid taxes,assessments,insurance premiums and ground rents. Lender shall make no charge for so
<br /> liolding 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 4
<br /> - Funds and the purpose for which each debit to the Funds�Ac �de. The Funds are pledged as additional
<br /> , security for the sums secured by this Mortgage. The Borrower a�rees that the Funds may be held by the "y :',
<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 ahall not be liable for interest or dividends on such Funds.
<br /> : '
<br /> If the amount of the Funda held by Lender,together with the future monthly installments of Funds 1 ' �
<br /> Payable prior:to the due dates of taaes, assessments, insurance premiums and ground rents, shall exceed ;
<br /> the amount required topa y'said taaes,`aeaesaments,insurance premiums and ground rents as they fall due, ;
<br /> such eacess:rshall be,at Borrower's option,either promptly repaid to Borrower or credited to Borrower on t �^!
<br /> monthlp installmenta of Funda. Tf the amount of the Funds held by Lender shall not be sufticient to pay '' ` ",,.¢ '
<br /> Laaes', assessments; insurance premiums and y ,,, ;.,.
<br /> ground rents as the fall due, Borrower shall a to Lender "�Y �
<br /> any amount neceasary to make np the deficiency witlun thirty days after notice from Lender ty.o Borrower
<br /> �uesting payment thereof, or Borrower ahall, by an increase fa monthly installrnents of Funds required,
<br /> pay the deficiency within the Fund accounting period.
<br /> LTpon payment in full of all aums seoured by this Mortgage, Lender shall apply Funds held as a credit �
<br /> against all sums due.
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