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<br /> 1NDIVIDUAL
<br /> DUE ON SALE
<br /> �RST OPTIONAL FUTURE ADYANCES
<br /> : �■ SAVINGS FUND
<br /> r� �V�wA- _. FORM No.720 — � .
<br /> t. ����"�'ry Loan Nurnber___3��34_ 188-__l__
<br /> F � ----Troe B..ncn � � �. .
<br /> 78- (1U292� MORTGAG E
<br /> IS MOR.TGAGE, made and executed this ...........,�.5............. day of ........�I!a_. __... A.D.,
<br /> . y ...........
<br /> 197�,between the Mortgagor,.._Ranald_.E�gene._Arrher..and..Chaxlatte..E?ose-/�,rcher. hus�iand•-and
<br /> wi£e 'ointl_ ..---�----...-�-�---------•
<br /> •----------�...d..--•-----3'•-and..g.a.c??...�Ja..�kke.7,x...ohna..zzght.,-••---•-•--...-•-�------�---•-•-•------�--�----�---�- --••----
<br /> of ....._Grand,_Island___ County of ........�Ia.7.l.... ................State of..Nehraska...._...,hereinafter referred
<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 artd assigns, hereinafter referred to
<br /> as Lenden
<br /> ;� WITNE.4SETH: T}1flt t}1@ said Borrower for and in consideration of the sum of . .......... ........ ................ ,.,.�����,.
<br /> ` .TWENTY-NINE_THOUSAND.SIX_HIIA7J?�tFI?..f�,i�IR..NS�,�1QB--.-=------Dol:ars (US$..2-�,.600..a0•--....._- ��----�) ;.
<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 ...................Ha11_.......__..._.., State of Nebraska: � "
<br /> Lot Ten (10), in Block Five (5) in H.G. Clark`s Addition to the City o£
<br /> Grand Island, Hall County, Nebraska. ;
<br /> TOCETFISR W1tF1 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 l �"°='
<br /> ! water stock, and all fiatures now or hereafter attached to the property, all of which, including replace- y-,
<br /> i 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 y
<br /> Mortgage is on a leasehold) are herein referred to as the "Property".
<br /> r`:
<br /> � Botrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right
<br /> 1 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) attorney's opinion of title from abstract of title certified
<br /> "j by bonded abstracter.
<br /> � PEOVIDED ALWAY3� and these presents are executed and delivered upon the following conditions,agree- � �
<br /> � ments and obligations of the Borrower, to-wit:
<br /> ,
<br /> �
<br /> ; The Borrower agrees to� pay to the Lender,or order the principal sum of ...._�W.E�ITXr.ALINE_.THQLTSADID
<br /> ; SIX HiJI�IDRED AND NO�7�00----------------------------- lla iIS
<br /> ---••--------•------- ----•--•..........................----�
<br /> � �---...-•--•--..._. • --•---------•--------••--•--- -Do rs ( �-..29,.EiQO..QQ.-------�----�----�
<br /> f payable as provided in a note executed and delivered,concurrently herewith,the final payment of principal,
<br /> ; if not sooner paid,on the_...---•-_----.-1st ... day of-- ---- ------------T.Lule .... _......., ]1d2R�7 ,'
<br /> UNIFORM Covsxnx�rs. Borrower and Lender covenant and agree as follows: �. .�,;�
<br /> 1. Payment of Principcl and Interest. Borrower shall promptly pay when due the principnl of und in- i'•
<br /> terest on the indebtedness evidenced b the Note, re a ment and late char es as � '�
<br /> Y P P Y g provided in the Note, i r,{,,
<br /> { and the principal of and interest on any Future Advances secured by this Mortgage. .
<br /> l 2. Funds for Tmces and Insur�ce. Subject to Lender's option under paragraphs 4 and 5 hereof, Bor- '`"�'�
<br /> � rower shall pay to Lender on the day monthlv in.4tatiments of principal and interest are payable under the 'i E
<br /> ! Note,until the Note is paid in full,a sum (herein "Funds") e ual to one-twelfth of the " ""
<br /> q yearly taxes and �
<br /> � assessments which may attain priority over this Mortgage, and ground rents on the Property, if any plus �
<br /> S 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 time to time by �-
<br /> d Lender on the basis of assessments and bills and reasonable estimates thereof, Lender shall apply the Funds ""
<br /> to pay said taaes, assessments,insurance premiums and ground 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 accounting of the Funds showing credits and debits to the
<br /> ?j Funds and the purpoae 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 /> .j Lender and commingled with other funds and the Lender's own funds and the Lender may pay such items , -�" .y"�;
<br /> from its own funds and the Lender shall not be liable for interest or dividends on such Funds. '
<br /> : If the amount of the Funds held by Lender,together with the future monthly installments of Funds '
<br /> i payable prior to the due dates of taxes, asaessments, insurance premiums and ground rents, shall exceed I ��;�,,�
<br /> '; the amount'required to pay said taaes,.asaeasments,insurance premiums and ground rents as they fall due,
<br /> ;,R such•eacesa shall be,at Borrower's option, either promptly repaid to Borrower or credited to Bormwer on �''Y
<br /> ; monthly installments-ot Funds. If the amount of the Funds held by Lender shall not be sufticient to pay -
<br /> taaes, assesaments, insurance premiums and ground renta as they fall due, Borrower shali pay to Lender ' -
<br /> aay amount,necessary to make up the deficiency within thirty days after notice from Lender to Borrower '' �
<br /> requeating payment thereof, or Borrower shall, by an increase in monthly installments of Funds required,
<br /> repay.the deficiency within the Fund aocounting period.
<br /> Upon payment 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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