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<br /> IIVDIVI�UAL
<br /> DUE ON SALE
<br /> OPTIOIVAL FUTURE ADVANCES
<br /> �� SAVINGS FUND a
<br /> ,,.�( � FORM No_720 �' q
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<br /> r:1 UNC�N Loan Number---35051__—_T88-----e.,'��ti ' ,-
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<br /> k 7g--� �02761 MO RTG AG E `
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<br /> � THI3 MORTGAGE,made and e�cecuted this ...........................�. day of _.�jp=.�.�.f .......__._._...._. A.D., �
<br /> � 19__.��,between the Mortgagor,.._�r?�g_.�_�..�[��l�Y--.�zlsi...7�GAuE�n�--�•---�nas�,��r.,..ksusband..aad..wife, t ' `.
<br /> + ointl_._and_,each..in_their o • . >:
<br /> 3-••---... 9 .. ......c•??�_ri8_h.�>......................-------••---.......-----------�•---....__..........-------•---�•---....----------•-
<br /> s of_.....Grand Island------., County of ......-.----Ha�-�:--••.............State of_.Nsbx'aek,a_......,hereinafter refeaed �' : <
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<br /> to sa 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.
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<br /> t Wi�xEss�x: That the said Borrower for and in consideration of the sum of FORTY.TWO._THOUSAND ; I �: :'
<br /> ;. AND NO 100---------------------------------------- + 42 000 00 % !�
<br /> ••.................••----...._...--•------------...__......----•--��----...-----�-��-----.....-•------�•---......�ol.ars (US$. .......v._ . .. ... . )
<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: � ":
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<br /> � Lot Ttao (2), ia Rowe Subdivision, Hall County, Nebraska. ` '
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<br /> ; TOGETHEH R'1L�1 RII t}lE lIri mvements now or hereafter erected on the ? �'
<br /> p property, and all easements, ,.�
<br /> • i righta, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and w� �r'�,xe
<br /> � water stock,and all fixtures now or hereafter attached to the property, all of which, including replace- J $
<br /> � ments and additions thereto,shall be deemed to be and remain a part of the property covered by this i �`,�
<br /> Mortgage; and all of the foregoing, together with said property (or the leasehold estate in the event this t � Y�t,�E�
<br /> ; Mortgage is on a leasehold) are herein referred to as the "Property". F ���
<br /> � Borrower covenants that Borrower is lawfully seised of the estate hereby coaveyed and has the right ' i '"xi'�`
<br /> � to mortgage,grant and convey the Property, that the Property is unencumbered, and that Borrower will e
<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 /> ; ,A suring Lender's interest in the Property,or (2) attorney's opinion of title from abstract of title certified {
<br /> ' `$ by bonded abstracter.
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<br /> j Pxoviasn ALWAYS� and these presents are executed and delivered upon the following conditions,agree- �
<br /> � ments and obligations of the Borrower, to-wit:
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<br /> t p • p FORTY TWO THOUSAND
<br /> � The Borrower agrees to pay to the Lender,or order the nnci al sum of ................................................
<br /> , AND NO/100-------------------------------=------D
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<br /> i -.:...--•••--•-••--.. . ....-•---•---• ...............---...... ollars US .__42.=000.00....:.----------•-
<br /> ( $ )
<br /> i payable as provided in a note eaecuted and delivered,concurrently herewith,the final payment of principal,
<br /> � if not sooner paid,on the........_1st.------.... day of------..Ma,Sc---------------- ----- -------- l�$c•-2007 -
<br /> , � UxisoaM CovEx.uvTs.Borrower and Lender covenant and agree as follows:
<br /> '� 1. Payment of Priacipal�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 /> , i and the principal of and interest on any Future Advances secured by this Mortgage. -
<br /> � 2. Funds for Tmces�d Insur�ee. Subject to Lender's option under paragraphs 4 and 5 hereof, Bor
<br /> � rower shall pay to Lender on the day rnonthiy instaliments of principal and interest are payable under the
<br /> � Note,until the Note is paid in full,a snm (herein "Funds") equal to one-twelfth of the yearly taxes and
<br /> � assessments wl�ich may attain priority over this Mortgage, and gmund rents on the Property, if any plus
<br /> ' one-twelfth of yearly premium installments far hazard insurance, plus one-twelfth of yearly premium in-
<br /> � stallments for,mortgage inaurance,if any', all as reasonably estimated initially and from time to time by
<br /> Lender on the basis of assessments and bills and reasonable estimates thereof,Lender shall apply the Funds
<br /> � to paq said tases,assessments,insurance premiums and ground rents. Lender shalI make no charge for so
<br /> holding and applying the Funds or verifying and compiling said ass�csrnents and bills.The Lender shall
<br /> ,; . give to:the Boaower, without charge,an annual accounting of the Funds ahowing credits and debits to the
<br /> ,� Funds and the purpose,for which each debit to the Funds was made. The Funds are pledged as additional � _
<br /> ; security for the sums secured by this Mortgage.The Borrower agrees that the Funds may be held by the
<br /> " I:eitdeY and commingled with other funds and the Lender's own funds and the Lender may pay such items .a..�w'
<br /> �_� froin its'own funds aad'the I.ender shall not be liable for interest or dividends on such Funds_
<br /> '' If the amount of the Fuads held by Lender,together with the future monthly installments of Funds '
<br /> q�i P�Ysi�le prior to'the due:datea of taxes,assessments, insurance,premiums and gronc�d rents, shall eaceed '
<br /> �, . the amount required topa y said.taaes,aeeessmen}s,,insuraace premissm$and ground rents as they fall due, t
<br /> f��, . §c�ch excess shatll be,,at Borrower's option;either promptly rep�d to Borrower or credited to Borrower on �;�
<br /> ,��k monthly�mstaltinents of'rFunds. If the amourit of the'Funds held by Lender shall not be sutficient to pay r��"'
<br /> �'�` ��,'r�sesie�ite�`iusnrarice Pretniums and ground =enfs as'tthey fsll due, Borrower shall pay to Lender
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<br /> ^' ' anY's�noun�necessery'to make`vp ttie de8ci�cy witl�in thirty days after notice from Lender to Borrower
<br /> ` ?'�llleelzn8 payment tEierebf, or Borrower ahaIl,by an incresae in monthly installmentv of Funds required,
<br /> rePaY:the deficiency,withm.t6e:�'und.accounting period.
<br /> �� ' Upon paytnent id fu12 of all auma secured'by'this Mortgage,Lender shall apply Funds held as a credit
<br /> against`all sums due
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