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<br /> { INDIVIDUAL' ,:
<br /> ; DUE ON'SALE �
<br /> �� � OPTIOfVAL PUTLJRE AaVANCES • ' ya
<br /> s
<br /> �■, SAVINGS FUN� ; �sr;
<br /> � � FORM NOJ2O {€ . '� ��; �.�4
<br /> : V��.N Loan Number---36264__—_-18-- --1-- F ` �
<br /> .. . . ... � � . . � TYOe Br��cN R;
<br /> M O R T G A G E : 1
<br /> 78- 00292� r� ,
<br /> ;{°:
<br /> e I3 MORTGAGE,made and executed this..---•-.15................... day of ---•--M��!......._..----..._.....--- A.D., , � �
<br /> � 19 ��,between the Mortgagor,_....Delbert__D,._,Ttt�a$mey,er__and.Loi$,.A.,.2����p{�y�x,...hvsband..._ � ,'� '
<br /> aad wife jointly.and_each_in,_their own r3ght,, .... ..----•-------••--•..................._ ''
<br /> ... ...•----x•- .. _ . . _ '�.
<br /> Grand Island . Count ..Hall -•---...---.,State of..Nel�rask�_..._...,hereinafter referred �
<br /> :` of.••--•-••_............ .......... Y of ------ ,
<br /> to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVING5 AND LOAN ASSOCIATION OF
<br /> -'� LINCOLN, 1235 "N" Street, Lincoln, Nebraska 65501, its successors and assigns, hereinafter referred to
<br /> ,:£ as Lender.
<br /> � WiTxEssErH: That the said Borrower for and in consideration of the sum of THIRTY_.SIX.THOUSAND : „,
<br /> �.,, EIGEiT AUNDRED AND NO/100--------------------------- Dol'.ars (US$._36 800 00 )
<br /> _• ••-•....................................�--•--•---........---.....---------•--...._...---••--•-�•------._..
<br /> .....................
<br /> 1 pa�d 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: � ?
<br /> �� � � � r�,�'
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<br /> � Lot One (1), in Western Heights Third Subdivision, Ha11 Covnty, Nebraska. f s �
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<br /> '� TocexxEa with all the im rovements now or hereafter erected on the ro rt and all easements, :: �'��
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<br /> r rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and ` �'�
<br /> water atock, 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 _ ; 'T'��
<br /> Mortgage; and all of the foregoing, together with said property (or the leasehold estate in the event this ` r+„�"'
<br /> Mortgage is on a leasehold) are herein referred to as the "Pmperty". +�.; ��,�''"r=
<br /> '-�, Borrower covenants that Bonower 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 /> easements 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) attomey's opinion of title from abstract of title certified
<br /> by bonded abatracter. t"
<br /> ;�' PaovtnEn ALwnYs, and these presents are eaecuted and delivered upon the following conditions,agree- �'_
<br /> �;� ments and obligations of the Borrower, to-wit: ^ r i'
<br /> � ; ,
<br /> ' T1�e Borrower agrees to pay to the Lender,or order,the prinripal sum of ...THIRTY_,SIX,TFIOUSANp . F�
<br /> ' ' EIGHT HUNDRED AND NO/100--------------_— -----Dollars (US S.36�800_00 ) �
<br /> •...............-..._.._....----•-...._.....--•-•--. . ._......----.........._....---...--•--•--•---.. ....----� ---•-•--- ' -.f;
<br /> payable as provided in a note executed and delivered,concurrently herewith,the Snal payment of principal, ,
<br /> ,. 4
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<br /> , if not sooner paid,on the.......:.ls.t-----•--•--- day of....._...Febxazsry................... 19_9g--• ;
<br /> Fi ihviFoxM CovsxaxTs.Borrower and Lender covenant and agree as follows:
<br /> L Paymeat of Priacipal�d 7nteresl. Borrower shall promptly 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, 7�'
<br /> and the principal of and interest on any Future Advances secured by this Mortgage.
<br /> „; 2. Fuads for Tcaces�d 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.the Note is paid in full,a sum (herein "Funds") equal to one-twelfth of the yearly taxes and
<br /> ,�;, assessments which may attain priori�ty over this Mortgage, and ground rents on the Property,if any plus
<br /> tiF�, one-twelfth of_yearly premium installmenta for hazard inautance, plus one-twelfth of yearly premium in- ��
<br /> �; stallments for mortgage inaurance,if any, all as reasonabiy estimated initially and from time to time by
<br /> .�. Lender on the bssis of assessments and bills and reasonable estimates thereof,I.ender shall apply the Funds
<br /> ^'?' to pay'eaid taxes,assessments,inaurance'premiums and ground ren�c. Lender shall make no charge for so -
<br /> ,ic holding and'applying the Funds or verifying and compiling said assessments and bills. The Lender shall
<br /> a� g�ve to the Borrower,without charge,an annual accounting 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 f �,'.
<br /> �; ,' aecuriLy:for the sums aecured by thie.Mortgage. TheBorrower agrees that the Funds may be held by the ,h ` i i;
<br /> }' I.ender and commingled with other fuads'and the Lende='s own funds and the Lender may pay such itema
<br /> i. ',.; fiom its:own funds and:the Lender ahall not be.liable for interest or dividends on such Funda. ` `"
<br /> � ,E
<br /> ` I£the�amount of the E�nda held by I.ender,together with the future monthly installments of Funds ��
<br /> � - pagabte pnor tcr:the dne:dates of taaas,asaes�nenta, iffiurance`:premiums and ground rents, ahall exceed
<br /> 3 th��oyn�.�,�a topa y s�a s��,seee�nents,iasurance premiums and ground sents as they fall due, ,
<br /> , , auch excess shaD:'be at,Borrowez?s option,eitI�er prom�stly rep aid to Bort�ower or credited to Bonower on �� �'
<br /> �c! mbnth�y:'inetallmenta o�i'Frinds..If the amouat;of the E�nds held by I.ender shall not be sufficient to pay `�,'� � ';
<br /> k taxes assesamlenttl,,insurance'pi+emiuuis end"g;ound reiets as they fall due, Borrower shall pay to Lender �'�"`""`, y"� `'
<br /> ,,,9'' `any'aiaount.necessar,y to make up the de$c3ency witivn thirty days after notice from Lender to Borrower �
<br /> �i, requeating'payment`thereof,or'Borrower shalI,:by an uaczease in monthly installments of Funds required,
<br /> � repaq tlie"deficiericy,witlim the Fund accounting:period."
<br /> �?� TTpon payinent in full of all.sums secured by this Mortgage,Lender shall apply Funds held as a credit �
<br /> j.
<br /> againstall sums.due.
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