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<br /> IIVDIVIDUAL
<br /> ' �UE ON SALE
<br /> �� Fl�'r OPTIONAL FUTURE ADVANCES
<br /> �� SAVMGS FUND
<br /> �. - � � FonM No.720 . . ' . ;�� :
<br /> uNC�.N Loan Number__36296_ — 188— 1
<br /> .;.�. . . . . .. _'_�_TYPa"__�8r�nch .
<br /> , �� 78- C1025�0 M O R T G A G E
<br /> } �IS MORTGAGE, made and executed this ....._....__..�.............. day of._ ........`l.h..�_.y.. A.D.,
<br /> ' i 19__�__.,between the Mortgagor,.._�John,_�...,Madden„_.Jr.___and Patricia M. Madden/ husband and
<br /> ................ ... .................e...---- ...__.....
<br /> � ...:............._..._W.i.�4�._.j.Q�n�iy_.and__each_ in their own ri_ght=--..........---......._..........---...----��--------------.._..._._.. ;
<br /> ' t of.......................•--•---......----, County of .---•• -----.-- -._...... _.._,State of..............__.......-.---+hereinafter referred '
<br /> � to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> � LINCOLN, 1235 "N"Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to
<br /> ;��� � as Lender_
<br /> • • IRTY SEVEN,TfiOUSAND ' '
<br /> - � WiTxEsssxx: That the said Bonower for and in considerat3on of the sum of�..................... '
<br /> ` ....._.SEIrE�I.�ILIPTA�R..A,�IP...I3Q�:100r.-_---r..-----.-.------.----.---Dol:ars (US$---.---37.,700.00--- - �
<br /> • - �----�• � � '
<br /> ' � paid by said Lender,doea hereby mortgage, grant and convey to_�.enc]er, its successors and assigns; the "
<br /> � following described property located in the County of ........_._.....fffs./.�...__......_ State of Nebraska• �
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<br /> � Lot Fi£teen (15), Le Heights Third Subdivision, part of the
<br /> 3 East Iialf of the Northwest Quarter (EZNW1) o£ Section 10,
<br /> � Township 11 North, Range 10 West of the �th P.M., Hall County,
<br /> Nebraska.
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<br /> � Toc�rxEa with all the improvements now or hereafter erected on the property, and all easements, �;
<br /> � rights, appurtenances, rents, royalties, mineral, oil and gas rights and pmfits, water, water rights, and
<br /> water stock, and all fixtures now or hereafter attached to the property, all of which, including replace- a r;'
<br /> ments and additions thereto, shail be deemed to be and remain a part of the property covered by this !
<br /> Mort a e; and all of the fore oin to ether with said ro rt (or the leasehold estate in the event this �t'
<br /> g g B b. g P PQ Y � ,
<br /> MorEgage is on a leasehold) are herein referred to as the Property". 'a'<
<br /> Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right '
<br /> - to mortgage,grant and convey the Property, that the Property is unencumbered, and that Bonower will ''°
<br /> warrant and defend generally the title to the Pmperty against all claims and demands, subject to any "
<br /> easements and restrictions listed in a schedule of exceptions to coverage in any title insurance policy in-
<br /> suring Lender's interest in the Property,or (2) attorney's opinion of title from abstract of title certified �
<br /> by bonded abst;acter. ;
<br /> . P$OVIDED 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 _.'FHI�t�X._Sk�S!k�I__�HQIJS�ANA �
<br /> rrt ._..-----•--S�;XF�i._.HII�1J?.A�--�--NQl100-----.-----.-----.----.-.---Dollars (US$-....37e.799,-�Q--.._._....._.._)
<br /> •-,� payable as provided in a note executed and delivered,concunently herewith,the final payment of principal,
<br /> 3 ifnot sooner paid,on the---•-.--lst..---..._.._ day of-------------M.aY........----.._......_.__.,�M9.2QQ.7
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<br /> . ;¢ UxiFoaM Covs3vnxTs. Borrower and Lender covenant and agree as follows:
<br /> � 1. Paymeat of Principal�d Interest 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 Tmcea�d Insur�mce. Subject to Lender's option under paragraphs 4 and 5 hereof,Bor-
<br /> rower shall pay to Lender on the day monthly instalimenta 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 yeariy ta�ces and j
<br /> €: assessments which may attain priority over this Mortgage, and gmund rents on the Pmperty, if any plus
<br /> i- � one-twelfth of yearly premium installments for hazard insurance, plus one-twelfth of yearly premium in- j
<br /> � stallments for mortgage insurance, if any, all as reasonably estimated initially and from time to time by t
<br /> � � Lender on the basis of asseasments and bills and reasonable estunates thereof,Lender shall apply the Funds
<br /> to pay said taxes,ssaeasments,inaurance premiums and ground ren�4_ Lender shall make no charge for so �
<br /> 2�olding and appiying the Funds or verifying and compiling said assessments and bills. The Lender shall �
<br /> k g►ve to;the Borrower,without charge,an annual accounting of the Funds showing credits and debits to the �
<br /> r Funds and the purpose for which each debitto the Funds was made. The Funds are pledged as additional
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<br /> , � :, security for the sums aecured by this Mortgage. The Borrower agrees that the Funds may be held by the �Y�,..' '• ,
<br /> I:ender and commingled wiEh other funds and the I.ender's own funds and the Lender may pay such items
<br /> -ffom its own funds and;the Lender shall not be liable for interest or dividends on such Funds. r
<br /> � if the.amount of the Evnds held by Lender,together with the future monthly installments of Funds � � '�
<br /> payable�pnoc to�the due,dates of taxe,�s,-aeseasments, insurance premiums and ground =ents, sha1F eaceed �
<br /> #�he,amount reqlured'topa y eaid taaes,asse�ments,insu=ance premiums and ground rents as they fa11 due, �:
<br /> r such eiceeig Shall_be aG,Barrower's op1aori;either promptly repaid to Borrower or credited to Borrower on „; ''
<br /> � =nonf.hly iussf.allaients'of'Funds. If the amount of the.Funds held by Lender shall not be sufi'icient to pay ��� ��
<br /> x"' ` taxes:'aissesements,,in8urance pzemiva►s apd.gt�ound rente as they fall due, Borrower shall pay to Lender %' �'"� ,.'.
<br /> ', say,amonat aeoesasry to-'make u the de8ciene within thi
<br /> p rty days after notice fmm Lender to Bormwer
<br /> �. requesting payment thereof,or Borrower:'shall,�an increase in moathly installments of Funds required,
<br /> repay the$eSciency wit2iin the Fnnd accounting period.'
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<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.
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