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<br /> i 1NGIVIDUAL -
<br /> � DUE ON SALE *
<br /> � +��: OPTIONAL FUTURE ADVANCES
<br /> . �L' SAYINGS. FUND ` '
<br /> , �.. . ' _.�N. Fortw�No.720 . . . : ,.'� �.
<br /> Loan Number___36265__-__18__- 1___ = " '�'
<br /> � �� , . , . . . . ,rae a..�en �;�.',.
<br /> �8- 002924 �
<br /> M O R T G A G E
<br /> � THI3 MORTGAGE,:.made and executed this----.....1�.................. da of------.,Ma . A.D., �' '�
<br /> Y 3r...---•------••---•-••--• .
<br /> j 19..._?$.:,`between the Mortgagor,:-------Del.lzeri.-II.--�easmeyr.t..aad..Lo3.s..A�...7lieasme�er.,..husband_. ; ` ` ,.'
<br /> ;� . ans3._�3.�et..lst�.mt�,y..,and..e�ch__i.n...t,he�.z..cn�m..zight.............. , .
<br /> •- -•••- _-•• .._....---.••--••--•-••-•------.. •r .. ,' .
<br /> , of(��Ra...x���]4.a -•--------, County of ----Hs,l.l---------------------------State of....J3ebraska_...._,hereinafter referred '`
<br /> to as the Borrower, aad the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF _
<br /> LII�TCOLN, 1235 "N"$treet, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to
<br /> as Lenden
<br /> �w'
<br /> ; WrrtvEssEa�x: Thgt the said Borrower for and in consideration of the sum of ...._FOR1Y_,EIGHT,._._.,_..
<br /> , i :._ THOUSAND.AND.NO/_100---_----------_-----_-----_-,----_---._Dol.ars (US$-48,.000,00-------- ------J � '
<br /> j paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and as�igns; the '{ ,,�;
<br /> ' ......_.,State of Nebraska: ` ' :
<br /> � following described property located in the County of......___...�11 _ ; 4
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<br /> I,ot Thirty-aix (36), in R, & B Subdivision, Hall County, Nebraska. � ;
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<br /> TocE�rssx with all the improvements now or hereafter erected on the property, and atl easements, � ' '�k��.
<br /> rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and � ',��'�'
<br /> water stock, and all fiatures now or hereafter attached to the property, all of which, including replace- ` . � -���-
<br /> 4
<br /> ments and addiiaons thereto,shall be deemed to be and remain a part of the property covered by this �>�,w�ti��;
<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^_ i '�
<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 will �
<br /> warrant:and defend generally the title to the Property against all claims and demands, subject to any �
<br /> '�� essements and restrictions listed in a schedule of exceptions to coverage in any title insurance policy in- �
<br /> : suring Lender's interest in the Property,or (2) attorney's opinion of title from abstract of title certified �
<br /> by borided abstracter. `
<br /> � PEOVIDED ALWAYS� and these presents are eaecuted and delivered upon the following conditions,agree- + "'�'� „�•
<br /> '� ments and obli ations of the Borrower to-wit:
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<br /> . . . . ' . . � . � . . . . ��_:(.
<br /> ' The Borrower agrees to pay to the Lender,or order,the principal sum of __.�R�X._FZ.G.EiT__�QIISANA
<br /> � ._:AIID._�9/100-.-- --- -----------------------------
<br /> ---•--........--•--••--•........................................Dollars (US $..!t$.a.00Q.00.---••--•--•-----�--)
<br /> xr„�.
<br /> payable as provided in a note esecuted and delivered,concurtently herewitt�,the final payment of principal, �
<br /> if not sooner paid; on the --lst--------------day of--------..��lzxtiax'Y.-.--------•---.., is..99•-• � , : :
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<br /> j; UtairoaM Covsxwxss. Borrower and Lender covenant and agree as follows: s
<br /> �• 1. Paymeat of Principal�d Interest Borrower shall pmmptly pay when due the principal of and in- �
<br /> terest on the indebtedness evidenced by the Note,prepayment and late charges as provided in the Note, w
<br /> and the principal of and interest on any Future Advances secured by this Mortgage.
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<br /> 1 +- 2. Funds for Tmces�d Insurmsee. Subject to Lender's option under paragraphs 4 and 5 hereof,Bor-
<br /> rower shsll pay to Lender on the day monthly installments of principal and interest are payable under the � <
<br /> �, Note�until the Note is paid in"ftill,a sum (herein "Funds") equal to one-twelfth of the yearly taxes and , ;
<br /> , . assessments which,may atEain priority over this Mortgage, and ground rents on the Property,if any plus u°
<br /> one-t w e l f t h o f year ly premium installmenta 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 assessmenf,s and bille and reasonable estimates thereof,i.ender shall apply the Funds +"
<br /> �3 to PaY said taxes,assessments,insurance premiums and ground rents. Lender shall make no charge for so
<br /> htiQding'and applying the Funds,or verifying and compiling said assessments and bills. The Lender shail
<br /> � g�ve� .to,the Borrowe�;without charge,,an annual accounting of the Funds showing credits and debits to the ' «*.
<br /> Funds and the purpose forwhich'each debit to the Funds was made. The Funds are pledged as additional *��Y`' '
<br /> f aecurity�for.the s�as secured by-this Mortgage.The Borrower agrees that the Funds may be held by the '�
<br /> a s. Lender and commiingled�ith other funds and the Lender's own funds and the Lender may pay such items ` ~ , ��:
<br /> � from rta„own funi7s and Ehe Lender shall.not'be liable for interest or dividends on such Funds. i "
<br /> s �_ If the amount of'the-;Faails held t}��;ender,'together.with the future monthly installments of Funds �;
<br /> ` paq+abi�,pnot�ta the due��ates of.tazes.aseeasments, 'insurance premiwns and ground rents, ahall exceed ' +
<br /> tlie axno�nC�eqmi+ed topay sa�d tases aseessments,insurance premiums and ground rents as they fall due, '�`�;, ''
<br /> suchr ezCessasha]1_'be�at�'Borrowei?a optaon;either promptlyrepa�d to Borrower or credited to Borrower on { " `
<br /> °i •.••-. monthly-�insta(llaients.o£=`Funds.;::if;the'amount of ttze Funds held by I,ender shall not be sufficient to pay � '
<br /> •^+�+aJtlp+O. Y�'-
<br /> �� tazes sasesememte, �nsurance.�preimnms<and gronad rente as they fall due, Borrower shall pay to Lender
<br /> �r az;1'amouat neCessazy to=make ttp the;deficiency withia thirty:days after notice from I.ender to Borrower
<br /> �4u�8 Pa�en�tLiereofr.or$orrower:�shal�;tiq aa increase.in-monthly installments of Funds required,
<br /> �; repay the;deficiencq tditlain ttie �und accounting period.
<br /> `� LT�n paymenb in fuli of all suma secured by this MorCgage,I.ender shall apply I'unds held as a credit �
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<br /> a"gainnt all suma du�.
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