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I �';
<br /> IN�IVIDUAL
<br /> DUE ON SALE
<br /> � OPTIONAL FUTURE ADVANCES
<br /> �t �L ': SAVINGS FUND .
<br /> ',S , .� Forew� No.720 , -,. > �� (. � ';
<br /> ,'-� Loan Number--33�39----188<_ e.��� : ; ,
<br /> � --------
<br /> ,; 78--� UU21�5 M O R T G A G E
<br /> t � � _ , :
<br /> � THIS MORTGAGE,made and executed this _.._..-�................... da of ....:.�.... ....._.........__.. A.D., ,'
<br /> ; 19 28 between the Mortgagor ,Jose�h D..Martin? N_and BeverYly J._Matti , husband and wife, � a
<br /> , ---•-•-•-- . .. _. ...__. .. _...
<br /> ! each::in his and her own inc�ividual right and as spouse of the other�intly and �severally
<br /> . ................•--••----------- ... ....._ ..._..---•-•••----........ ...._..........._......_....-•-•--•�--••--�----...••-••-..._.._...----•-- .;
<br /> � of --Grand Island _...� County of_.Aau,---•-.--••--•-••---••--••-,State of Nebraska.......--- hereinafter referred ` . "� �
<br /> . ._.....__
<br /> � to as'#he Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> � I.INCOLN, 1235 "N" Street, Lincoln, Nebraska 68501,its successors and assigns,hereinafter referred to f
<br /> as Lender.
<br /> � '
<br /> � WiTtvEssETx: That the said Borrower for and in consideration of the sum of........................................ .
<br /> i Tfi�Y-FZYE..�tQLISASII2..S�_�V.DTA.�t....�..1Y0/100-r.r..--r.---�oL'ars <US$.?S.�-Z�-'�-•----------•-•----•-) x '. : ' �
<br /> paid by.said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the u�
<br /> following described property located in the County of .............�?�- ...._.,State of Nebraska: �� , `,��.
<br /> Lot Eight (8), in West Heights Addition to the City of Grand Island, Hall County, � '�'�
<br /> � Nebraslca. M1 ��`
<br /> ;
<br /> � � r
<br /> �
<br /> � _ � �r
<br /> , � This is a corrective mort�e to correct mortgage dated May 13, 1977 and recorded � '�'�
<br /> as document #77=002577. w� n,���
<br /> � *k4
<br /> .:,.� . . . . . , ' ' ����
<br /> � TocETxEe with all the improvements now or hereafter erected on the property, and all easements, i '`�'�,��
<br /> � rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and " '` ','`��
<br /> vvater stock, and all fiatures now or hereafter attached to the pmperty, 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 d � ��'�
<br /> Mortgage; and all of the foregoing, together with said property (or the leasehold esta.te in the event this i :��a"���
<br /> 1VIortgage is on a leasehold) are herein referred to as the "Pmperty". � ,; ?�t�}'
<br /> Bortower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right
<br /> ta;mortgage,grant and convey the Property, that the Property is unencumbered, and that Borrower will
<br /> vParrant.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 /> ,= � saring Lender's interest in�he 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 foliowing conditions,agree- � �� � R'�
<br /> ' `i ments-and obligationa of the Borrower, to-wit:
<br /> #
<br /> .:. The Borrower a�rees to pay to the Lender,or order,the principai sum of.---.-•--..._._..--•--•-•....................... _ �'
<br /> 1�Y-���-•£fiO�1SAI+ID•��••FIGII�1DRfi�-.ArII1..No�1A0..R....,ttr-.�.Dollara (US $-25�r7.Q0..DII-...................) � ,
<br /> payable as provided in a note executed and delivered,concurrently herewith,the final payment of principal,
<br /> - if not sooner paid,on the....__�st...............day of...--------June.....--•-_•---.--••---••-> }it.20�6 � ;"
<br /> � :� Uxir�oan2 CovFarni.rrs.Borrower and Lender covenant and agree as follows:
<br /> '"� 1. Pcymeat ot Principal�d Interest Borrower shall promptly pay when due the principal of und in-
<br /> terest on the indebtedness evidenced by the Note,prepayment and late charges as provided in the Note,
<br /> and tfie principal of and interest on any Future Advances secured by this Mortgage.
<br /> ,`;� 2. Funds for Taxes and Insur�ce. Subject to Lender's option under paragraphs 4 and 5 hereof,Bor-
<br /> '� rower ahall pay to Lender on the day monthly installments of principal and interest are payable under the
<br /> ';j Note,until the Note is paid in full,a sum (herein "Funds") equal to one-twelfth of the yearly tases and '
<br /> �\% assessments which may attain priority oven this Mortgage, and ground rents on the Property, if any plus �
<br /> # oae-twelfth'of yearly premium installments for hazard �nsurance, plus one-twelfth of yearly premium in-
<br /> ] stallmenta for mortgage inaurance,if any,all as reasonably estimated initially and from tirne to time by !
<br /> �;� ,,. Lender'on the basis of assesaments and bills and reasonable estimates thereof,Lender shall apply the Funds `
<br /> to pay said taaes;assessments,insurance premiums andgro und rents. Lender ahail mal:e no charge for so i
<br /> '! holding'and applying the F�nds or verifying and compiling said assessments and bills. The Lender shall ;'
<br /> g�ve to-the Borrower,without charge,an anaval accounting of the�nds ahowing credits and debits to the
<br /> �r�'� .Funda and tfie pnrpose'for which eacfi debit to the Funda was made. The Funds are pledged as additional ;� '
<br /> aeeurity;#or:ttie:sums secured by this Mortgage.The Borrower agrees that the Funds may be held by the -•�—..•" „�:
<br /> Le�der'snd oommingled.with othez funds and the Lender's own funds and the Lender xnaypay such items
<br /> �� fioailits:oa%:t funds,and.the Lenderishall not be liable for interest or dividends on such Funds. �.�
<br /> ��`. ' „� °''" If tiie amonat of the Funds held by Lender;togethet with the future monthly installments of Funds r*f'
<br /> � pa�able�`gabr td'�he�dve dates`of taae`s,�assesamenta, insnrance premiums and ground rents, shall eaceed �{
<br /> � the amountirequired.to,pay said fsaes,rasseasments,inaurance preaiiums and groand rents as they fall due, ,�
<br /> such eiccees��lb be,�at Borrower's'.option,either promptly repaid to Borrower or credited to Bor=ower on `x?+ *��
<br /> = mont�hIy.inat�Iimenta,of;Funi3s.:If.the.amount:of'the Funds held by Lendershall not be sufficient to pay :'t• ,�yr.,,:;.� �Y
<br /> ,,� tazes,as8eesmen�ts, instu'anae�preminms and ground rents as they fall due, Borrower shall pay to Lender
<br /> say amquntn�c�sary,tc,make.up the,deficiency"wiLhia thirty days after notice from Lender to Borrower
<br /> :� reqi�ea��p�Yment thereof,,oi Borrower. ahall;:by an increase in monthly installments of Funds required,
<br /> r p repay.tIie deficiency wifi.�iin tfie Fuad accouriting period.
<br />` �s '. Upon�payment in fa�ll of all svmA secured'by this Mortgage,Lender shall apply Funds held as a cmdit I
<br /> ,-�� against all auma due: . J
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