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_. _ _ _ � �
<br /> A._ _ .
<br /> . .
<br /> INDIVIDUAL
<br /> ! DUE ON SALE
<br /> � Fl�T OPTIONAL FUTURE ADYANCES �
<br /> SAVINGS FUND i J ;",�
<br /> " � . - �- FortM N0.720 � t -�� � ; s.
<br /> ` �.��.N 36278 188 — 1 � �
<br /> � Loan Number__________- " "'
<br /> �_'. .. . � . . TyDe_____e__' :., i��i
<br /> •a�ch
<br /> 7s- U02882 ;
<br /> M O R T G A G E
<br /> ,
<br /> ! THI3 MORTGAGE, made and executed this.............�1.._...--.--.-- day of.--..----...�_�.._"�-----.---..-----.-- A.D., '. :
<br /> 19_.�fl..,between the Mortgagor, ---Dale--A'•--Bi11es1�a.�h..aFld...�7Cy.an.1�....klll.esbach�..husbaad..aad :
<br /> wife, �ointly. and..each._in__their_own..right.,..................... , f'
<br /> ..� _ . ._._....----•----------�-----•-------------------------•-----•--.. �
<br /> of Grand: Island Hall . State of..Heb�as7s,a....__.,hereinafter referred �
<br /> ........., County of----- --------- ----------•-•• E;
<br /> ' � to as 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 { J s;
<br /> as Lendea `�
<br /> t.
<br /> � Wi xEsssTx: That the sa�d Borrower for and in consideration of the sum of.__T.�NTX_.T�1.9IISA�IR_.AND '.
<br /> NO/10�-------------------------------------------- �
<br /> ...................-••-----------•-�-•---..----...._....__..........__...-----------...---------�----...--•--...._.Dol.ars (US$--�0,.000_-00.-•----._...-•-_--.) •
<br /> ; paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; Ghe 3% ���
<br /> ' foilowing described property located in the Count,y of _...._......_.... .,.Hall_.__.� State of Nebrsska: �:' I �� -�i
<br /> � .....---� �,�%a
<br /> Lot Fovr (4), Bl.ock Two (2), Farmi.ngton Second Subdivision, located on part '
<br /> ' of the Southeast Qusrter of the Southwest Quarter (SE�Ww) of Section 21, � �;
<br /> Township 11 North, Range 9 West of the 6i:h P.M., Ha11 County, Nebraska. +'. 'u�`
<br /> ?,' j t6
<br /> � �,€.
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<br /> ��.. . . .. . � ��,
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<br /> � TOGETHEE W1tI1 all the improvements now or hereafter erected on the property, and all easemeats, �`�s��-y
<br /> rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water aghts, and d; �
<br /> water stocky and all fixtures now or hereafter attached to the property, all of which, including replace- i '§��
<br /> ments and additions thereto,shali be deemed to be and remain a part of the property covered by tbia .' �F'
<br /> Mortgage;and all of the foregoing, together with said property (or the leasehold estate in the event this i � ���
<br /> 4 bk�� .t
<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 /> to mortgage,grant and convey the Property, that the Property is unencumbered, and that Borrower vaill
<br /> warrant and defend generally the title to the Property against all claims and demands, subject to any p
<br /> easements and restrictions listed in a schedule of exceptions to coverage in any title insurance policy fn-
<br /> '✓.� suring Lender's interest in the Property, or (2) attorney's opinion of title from abstract of title certified `
<br /> by bonded abstracten c'
<br /> . � � PHOVIDED ALWAY3� and these presents are executed and delivered upon the following conditions,agree- � }��
<br /> ments and obligations of the Borrower, to-wit: t„�
<br /> 7'' The Borrower agrees to pay to the Lender, or order,the principal sum of .....T�".IENTY,T�OIJS.ANA..�IA. � '
<br /> ....
<br /> ': ' .NO/100--„—_----j--------------------------_------Dollars (US 5.....20�OQU,.QQ.---•---�-----._.)
<br /> payable as provided in a note executed and delivered,concurrently herewith,the final payment of principal, , wr'
<br /> , _
<br /> if not sooner paid,on the----.......lst..------day of.-.--•-_.------Jtu).6--..--•................. 1�c..20D7
<br /> :�� UivtFosNr GovExaxTs.Borrower and Lender covenant and agree as followsc
<br /> 1. Payment of Principal�d Interest Borrower shall pmmptly pay when due the principal of nnd 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 any Future Advances secured by this Mortgage.
<br /> 2 Funds for Tmces aad Insur�ce. 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, until fihe Note is paid in fuIl,a sum (herein"Funds") equal to one-twelfth of the yearly taxes and
<br /> assessznents which may attain priorit�yover this Mortgage, and ground rents on the Pmperty, if any plus ,
<br /> one-twelfth of yearly premium installments for hazard insurance, pIus one-twelfth of yeariy premium in- �
<br /> sYallanents for mortgage insurance,if any, all as reasonably estimated iaitially and from time to time by
<br /> Lender on the basis of assessments and bills and reasonable eatimates thereof,Lender shall appiy the Funds
<br /> � to pay said taxes,assessments,insurance premiuma and ground rents. Lender siiall make no cherge for Ro
<br /> t holding and applying the Funde`or verifying and compiling isaid assessments and bills. The Lender shall
<br /> give to the Borrower,withaut charge,an annual'accounting of the Funds showing credits and debits to the k
<br /> Funds and the purpo�se for which each debit to the Funds was made. The Funds are�ledged as additional %
<br /> security for the,sums secured by,this Mortgage. The Borrower agrees that the Funda may be held by t2ae ,�,�,.,. � �
<br /> k ; I:endex and comaiingied svith.other funds and the Lender's own funds and the Lender may pay such items .~
<br /> trom-its owa funds and the Leniler ahall'ndt be liable for intereat or dividends on snch Funds.
<br /> ,,�,
<br /> 3 '' If the amount of the Funds held by L�nder,together with the future monthly installments of Funds I ��
<br /> � payabie p;aor to the due dates di taaee, assesaments 'insurance premiums and ground r�ts, shall eaceed �''-
<br /> tLe amount required to'p"ay sazd tsxes assesamente inR++*�+*+ce premiums and ground rents as they fall`due,
<br /> siiCh,e�Ce6d s`Hall`be, at Borrower's optidn,.either'promptly repaid to Bo�zower or credited to Borrower on *��"
<br /> , . ' cponthly inatallmen'ts of';Funds: If the amount of the Funds held by Lender shall not be sufficient to pay 1.,�� a "
<br /> �', . l�ces a�smeiita insun'ance prreu�iiiims`anil groimd ieats as tfiey fall due, Borrower shall pay to Lender - _•:'
<br /> any amoiint-aeCe�ea�•to':make u�s the deficiency within thirty days after notice from Lender t�Bormwer
<br /> „� . retiaestit►g ent the�of,.or Borrowe,r';shall, by an increase in monthly installments of F'unds required,
<br /> t paym
<br /> �; rePa}x t�ie;;de5ci,eiics*withia the Fiand accounting;::period:
<br /> s��� : rtTptin payment in full of all siams secured by this Mortgage,Lender shall apply FUnds held as a credit �
<br /> i: against all aums due:
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