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<br /> - . _-,., .
<br /> IN�IVIDUAL
<br /> DIiE ON SALE
<br /> �RST OPTIONAL FUTURE A�YANCES
<br /> C��� SAVINGS FUND
<br />� ���� FORM No.720 �
<br /> — 188 — 1 ;,
<br />, UNC�'N Loan Number__ 35586-----------------
<br /> � .. . . . Trne B.ancn .
<br /> i 78- 0028 50 M O R T G A G E
<br /> THIS MORTGAGE, made and executed this ......................c��.�.day of..._:. ...... ! .. A.D.,
<br /> g Robert E. Lewis and Mar ene L __Lewi. ,_�nd and wi£e ;
<br /> 19_..?�iP, between the Mortga or,.---•--•-•-----•�----...-•--•---••----- •---�-�---...5.._...-•---' . .. ..............................•�---...._ .
<br /> .,jointly_._and_each_.in their owa right� . _
<br /> ...---••-•-••-- - ----••----.......-•-----------------•--------...----��------------._........_
<br /> oF ---- Grand Island County of -----Hall _---•--••-•---.---- State of.Nebraska..-.--.--�hereinafter refezred
<br /> to as the Borrower, and the Mortgagee, FIRST FEDEftAL SAVINGS AND LOAN ASSOCIATION OF
<br /> LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to
<br /> as Lenden
<br /> WITNE33ETH' TIlBt th aid Borzower for and in consideration of the sum of ....�NTY 7SJ0 Z4i0USAND `- . _ .;;
<br /> -•-•............. ;,
<br /> FZVE HLTNDRED AND NO/1(�OS---'---'--------------------Dol.ars (US$.22 S00 00 ) ,
<br /> ....••-�-•-----••---•-----------------------------•�---�----••---........_._.........._...----•-•�----...._....... x------'..----.._...,......_....
<br /> : ' ,:
<br /> paid by said Lender, does hereby mortgage, grant and convey to Lender, its succeseors and assigns; the
<br /> ;, .
<br /> following described property located in the County of_.__...Hall __.__..,State of Nebraska: ' ' '
<br /> ......................
<br /> r
<br /> Lot Fovr (4), �ek Two (2), in Dale Roush Second Subdivision, in Section f'
<br /> 14, Township 11 North, Range 10 West of the 6th P.M., Hall County, Nebraslia.
<br /> TOCETFiER W1tI1 all the improvements now or hereafter erected on the property, and all easements, : � ✓
<br /> rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and
<br /> water stock, and all fixtures 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
<br /> Mortgage; and all of the foregoing, together with said property (or the leasehold estate in the event this '
<br /> Mortgage is on a leasehold) are herein referred to as the "Property". Y`
<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 tnat Borrower wiil ?`
<br /> wartant and defend generally the title to the Property against all claims and demands, subject to any `'
<br /> easements and restrictions listed in a achedule of eaceptions to coverage in any title inaurance 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 abstracter. '` "
<br /> Paovinen ALWpY9� and these presents are executed and delivered upon the following conditions,agree-
<br /> ments and obligations of the Borrower, to-wit:
<br /> The$orrower a rees to pa to the Lender,or order, the �NTY-1W0 THOUSAND ; ,
<br /> g Y pnncipal sum of .................�--------------•----------�----
<br /> FIVE_FIUNDRED._AND_.NO/100-----------------------------Dollars (US$-..22=500.00-••-.-.-----•---•--� '' `
<br /> - - •-------------------------------•-�---•---...----..._.-�-----....-•--•---�----
<br /> payable as provided in a note executed and delivered,concurrently herewith,the final payment of principal,
<br /> if not sooner paid,on the---�-----•1-st.....--•---. day of-------...__J�ne-------�............. 19_9$ ':
<br /> IIxtr•�oanz Covsxarrrs. Borrower and Lender covenant and agree as follows:
<br /> I. Payment of Principel�d Interest. Bortower shall promptly pay when due the principal of and in-
<br /> terest on the�ndebtedness 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. Fuads for Taxes and Insuzaace. 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 /> Note, until the Note is paid in full,a sum (herein "Funds") equal to one-twelfth of the yearly taxes and
<br /> assessmeats 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 /> stallments for mortgage insurance,if any, all as reasonably estimated initially and from tune to time by
<br /> Lender on the basis of asaessments and bills and reasonable estimates thereof,Lender shall apply the Funds
<br /> to pay said taaes, assessments,insurance premiums and gtound 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 /> ' give to the Borrower,without charge,an annual acrnunting of the Funds showing 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 /> aecurity for the sums secured by this Mortgage.The Borrower agrees that the Funds may be held by the
<br /> Lender and cotnmingied with other funds<and the Lender's own funds and the Lender may pay such items �`"��
<br /> from its own funds and the Lender shall not be liable fo=interest or dividends on such Funds. '
<br /> If the amount o#the Funds held by Lender,together with�•the�ture monthly installments of Funds ( �' N
<br /> � payable:puor'to-the due dates of taze�,assessments, insnrance prend�unps and ground rents, ahall exceed ,
<br /> the-'amount reqinrEd`to pay said taxes, assessmenta,inaurance gremiums'�(nd ground rents as they fall due, � _
<br /> such eacese sball be,.at Borrower's option,either promptIy repaid to Borrower or credited to Borrower on ,� �
<br /> montbly installments bf Funds. If the amouat of the Funde held by Lender shail not be sufi'icient to pay r ,;�
<br /> te�ces.'asaeesment,s,insurance premiums snd ground ren1�as they fall due, Borrawer shall pay to Lender
<br /> any;;amount'neceasary.to.make u�the deficieacy withia thizty.:days after aotice from Lender to Borrower LL
<br /> requesting payment,theteof,'or Borrower shall, by an increase�in monthly installments of Funds required,
<br /> repay,;the deficiency'witlun the Fund accounting period.
<br /> Upon paycnent in full of all sums secured by this Mortgage,Lender shall apply Funds held as a credit �
<br /> against all sums due.
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