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<br /> INDIVI�UAL
<br /> DUE ON SALE
<br /> OPTIONAL FUTURE ADVANCES
<br /> ' �■ SAVINGS FUND `�
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<br /> FORM No.720 � �
<br /> V� loan Number---36311 Tl$$_--B.�ih " �`
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<br /> � �$- 0026'7� M O R T G A G E
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<br /> � T 3 MORTGAGE,made and executed this _........._�t�..._...... day of-----M��/..-•--•--•---.•--•---- A.D., ; ,
<br /> � 19_.7�between the Mortgagor,...,Ansiz�.�._H....Hj.o=soa,....Tr....anrl.Sarbaza..J..._.Bjor.�on-,--�husband•-and ' � '
<br /> , � wife� jointly aad each in their_own_righta..........-•--•--�-----•-•....................-----•---..........._---...--------------•-
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<br /> Grand Island Hall Nebr____ ' $'
<br /> . : bf........... ........... ......... County of _..-• ---•-.---•--•--..._...... State of...... aska-----.--+hereinafter referred • ,. :,
<br /> , to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> LINCOLN, 2235 "N"Street, I.incoln, Nebraska 58501, its successors and assigns, hereinafter referred to
<br /> ' F as Lender.
<br /> � . • - FIETY FOUR THOUSAND
<br /> ; WiTxEsseTx. That the said Bonower for and in consideration of the sum of .....................................
<br /> f THREE HUNDRED AND NO/100----------------------------- + 54,300.00 ^ '.
<br /> ipaid by�d Lender,�dap�ereby mortgage, grant�nd con Hall �nde�r,:ts successors and assigns; the fi
<br /> � follownn descnbed ro ert located in the Count of ...................... State of Nebraska. y ` T`1;
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<br /> ` I�ot Eleven (11), Bloclt Two (2), Lake Davis Acres Subdivision, Hall County,
<br /> t Nebra slsa.
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<br /> TocE'rF[es with ali the improvements now or hereafter erected on the property, and all easements, S "�
<br /> 'a righta, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and � r��' �
<br /> water stock,and all fixtures now or hereafter attached to the property, all of which, including replace- ;' t'�
<br /> ments and'additions thereto,st,all be deemed to be and remain a part of the property covered by this ; ` v ':
<br /> Mortgage; and all of the foregi.ing, together with said property (or the]easehold estate in the event this I T�,�r:
<br /> � Mortgage is on a leasehold) r-�e herein referred to as the "Property". � � �r i�4
<br /> ; � Borrowar covenants that Borrower is lawfully aeised of the estate hereby conveyed and has the right y ' ��''��'�
<br /> : to mortgage;grant and convey the Property, that the Property is unencumbered, and that Borrower will r ""`""
<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 /> ' t auring Lender's interest in the Property,or (2) attorney's opinion of title from abstract of title certified °
<br /> � by bonded abstracter. i
<br /> '�. Peov[nen ALwnsts,and these presents are executed and delivered upon the following conditions,agree- ;
<br /> '� ments and obligations of the Borrower, to-wit: :. �I%':
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<br /> ;'� The Borrower agrees to pay to the Lender, or order, the principal sum of _FIF'TY.FOIjR__��QU&AiJA_�HREE ' " ' ; -:'
<br /> '�. HIJN,L2R�A..ANA__�IOlxQO----.-.—r.r..-..----..---.—.---------_—r..--Dollars (US $----5.4...�QQ..UO---------------••-� . :
<br /> ` payable as provided in a note executed and delivered,concurrently herewith,the final payment of principal, .
<br /> ,� if not sooner paid,on the..._..---7,R�.�--------.... day of_ ..._...---S.eR��mbex..._.....---> Z8c_2�07 ' ' <,`
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<br /> UNIFORM COVENANTS.BOITOW6r 8IICI IRIIfICl'COVOiIflllt 8f3(1 agree as follows: .
<br /> a 1. Payment of Principal�d 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 pmvided in the Note,
<br /> , 3` and the principal of and interest on any Future Advances secured by this Mortgage.
<br /> -i' 2. Funds foz Taxes and Insurcmee. Subject to Lender's option under paragraphs 4 and 5 hereof, Bor-
<br /> ''i' 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") 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 /> .,; stallmenta for mortgage insurance, if any, all as reasonably estimated initially and from time to time by • _:
<br /> 5; Lender on the basis of assessments and bilis and reasonable estimates thereof,Lender shali apply the Funds
<br /> ; to pay said taaes, assessments,inaurance premiums and ground rents. Lender shall make no cl�arge for so
<br /> holding and applying the Fuads or oerifying and compiling said assessments and bills. The Ixnder shull
<br /> :•i' give`to theBorrower,without charge,an annual accounting of the F�nds showing credits and debits to the
<br /> . �i ' Funds and the,purpose for which each debit to the Funds was made. The Funds are pledged as additional
<br /> ��' aecurity:>for the sums secured by this Mortgage.The Borrower agrees that the Funds may be held by the
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<br /> �i � Lender aad commingled,with otker funds and the Lender's own funds and the Lender may pay such items `"
<br /> s��: p'', from ite own funds and the Lender shall not be liable for interest or dividends on such Funds.
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<br /> �; �f the amount of the Funds held by:Lender,together with the future monthly installments of Funds t�'
<br /> 4 ' payable.pnor,to the due'dates of taaea;'assessments: insurance premiums and ground rents, shall exceed ;.
<br /> , 'the.sEmount required to i�ay said'taae�,assessments,inaurance premiums and ground rents as they fall due, � g
<br /> 8uchc eacesa aha3lE-be,aE Bonsower's option,�eitdier promptly aid to Borrower or credited to Borrower on #x
<br /> ;�' it►onthly.;matallmeats;of:b'unde:;I�-the amount of the Fnnda�eld by Lender shall not be sufficient to pay �;
<br /> ,�' ;taxes assesameats .insur�ace prearinma-aad'gmund rents as.they fall due, Borrower shail pay to Lender
<br /> �;x. :ai�y�a moan t necessary-t o:m s k�;up t he d e ficiency wi t h i n thirty d ays a f t er no tice f r om L e n der t o Borrower �<:`= ,::� '
<br /> requesting paym,ent theteof,,or Borrower'ahall,by an increase in monthly installments of Funds required,
<br /> 1- repay tfie`t3eficieacy wit}iin f.�fe_Fund�aocouniaing;period.
<br /> ", Upon payateat in full of ail',eams secured by;ti�is Mortgage,I:ender shall apply Funds held as a credit
<br /> ..�: ��againat�alksums�8ue: . . � � �
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