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<br /> 3 . . _ •
<br /> IN�IVIDUAL
<br /> � DUE ON SALE
<br /> ��'T OPTIONAL FUTURE ADYANCES
<br /> SAVINGS FUND
<br /> ;,; ; t.
<br /> . . .�N., FORrn No.720 � ., ,,
<br /> Loan Number__36383___-___18�__1__ �':: '
<br /> . . . �. . TYC� 8renth
<br /> 78= UU25�9 M O R T G A G E
<br /> THI3 MORTGAGE,made and executed this ._........../............... day of............_.�.'.`�'.�-�'...._...._...._.... A.D.,
<br /> 19.?�.:,.between the Mortgagor,....Rob_exx._kl,.__Hax.aesa..and._.1es3..L....Fiaxaess,--husband--and--wi.£e,
<br /> ,�o intly.and..e$�tl..i:�._�hE�S__o�..7C�ShZ�........................... ;
<br /> •---••...................................•--•�--•----•--------------......----
<br /> of.... Grand_Islaad_.._..., County of--•--.----...A�J,7..-_._..---....,State of._T.tehraska.-------,hereinafter referred : '
<br /> to as the Bonower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501,its successors and assigns, hereinafter refened to
<br /> as Lender.
<br /> WITNES3ETH: TItIlt tI16 said Borrower for and in consideration of the sum of.__���X..Fx�...THQTJ�AND '� ';'�
<br /> SIX.HUNDRED FZFTSC AND NO/100--------------------.----�ol:ars (US$.?Ss6S.0•QA...__.................) ,�
<br /> -• -- ----------------------•--..... .. --•- ---- �- •-- `
<br /> paid by said Lender,does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br /> following described property located in the County of .....................Hall.,___,..._,_.� State of Nebraska: ` '' ''�
<br /> g'
<br /> Lot Four (4), Block Thirty-six (36) Charles Wasmer's Addition
<br /> to the City o£ Grand =sland, Iiall County, Nebraska. �
<br /> k'.
<br /> a,
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<br /> TocETxEe with all the improvements now or hereafter erected on the property, and all easements, k �a�
<br /> rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and
<br /> water stock, and all fuctures now or hereafter attached to the property, all of which, including replace- � `�;
<br /> ments and additions thereto,shall be deemed to be and remain a part of the property covered by this ' z`�
<br /> 1Vlort a e; and all of the fore oin to ether with said ro '4 =
<br /> S B g g, g p perty (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 /> tQ 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 restrictiona 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 boaded 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 /> The Borrower agrees to pay to the Lender,or order, the principal sum of_..�?��X..�I.V.E__TFIQIISANII
<br /> SIX_HUNDRED FIFTY AND NO 100---------------------- ' :.
<br /> -.....-•-------------------�-•--.....-•-------�---........-•-•-----.......----•-----Dollars (US $----2�.>_6�4..QQ------------------�
<br /> payable as provided in a note executed and delivered,concurrently herewith,the final payment of principal,
<br /> if not sooner paid,on the.------�--3=e�....------- day of..----�Ma3�---�-----------------•-.•---, �-2�007 : ;'
<br /> UrnFoeM CovsxaxTs.Borrower and Lender covenant and agree as follows:
<br /> 1. Payment of Principal�d Iateres� Borrower shall prompt(y 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 aay Future Advances secured by this Mortgage.
<br /> 2. Funds for Taxes �d Insurcmce. 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;uatil the Note is paid in fuil,a sum (herein "Funds") equal to one-twelfth of the yearlv taxes and
<br /> aesessments which may attain priority over this Mortgage, and gmund rents on the Property, if any pIus
<br /> one-twelfth of yearly premium installments for hazard insurance, plus one-twelfth of yearly premium in-
<br /> staliments for mortgage insurance, if any,all as reasonably estimated initially and from time to time by
<br /> Lender oa the basis of assessments and bills and reasonable estimates thereof,Lender shall apply the Funds
<br /> to pay said taxes assessments,insurance premiums and ground rents. Lender shall make no charge for so
<br /> holding and applying the Funds or verifying and compiling said assessments and bills_ The Lender shall
<br /> g�ve to the.Borzower,without'charge,an annual accounting of the Funds showing credits and debits to the
<br /> F�an
<br /> ds and the purpose for which each debit to the Funds was made. The Funds are pledged as additional -�
<br /> secunty,for the sums secured by this Mortgage.The Borrower agrees that the Funds may be held by the m�„ -
<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 ai�d the Lender shall'not,be liable for interest or dividends on such Funds.
<br /> If the amount of the Funds Izeld by Lender,togeEher with the future monthly installments of Funds , t�.µ ;
<br /> payable prion to the due dates.of taxeg,assessments, insurance premiums and ground rents, shall exceed �,§� M i
<br /> tbe amount•reqwred to pay said,taaes,essessments,iasvrance pi+eariums and ground rents as they fall due, k" .
<br /> suc`h;'eacees sliall�lie, at Borrower"s option,eithher prornptly repa�d to Borrower or credited to Bozrower on ,� �• �,�
<br />' monthly insf,alTments;of Funds. If the amavnt of the Funds held by Lender shall not be sufficient to pay ;
<br /> taxes.aeseasments,inxutsnce' reuiiums-si7d ^•.,�'�. ,a"� '
<br /> P ground rents as they fall due, Borrower shall pay to Lender
<br /> any amoupti necessary';to'make up the:deficiency witIiin.thirty days after notice from Lender to Borrower
<br /> requesWig,,payment thereof,.or Borrower.shall, by.an increase in monthly installments of Funds required,
<br /> repay;;tke ile&ciency within the Fund accounting period.
<br /> i3pon,payment in<fnll'of all suma secured by this Mortgage, Lender shall apply Funds held as a credit �
<br /> ' against all sums due.
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