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<br /> .� INDIVIDUAt
<br /> � DUE ON SALE
<br /> � �R�'�' OPTIONAL� FUTURE ADVANCES
<br /> SAVINGS FUND
<br /> .. .:..U�� FORM No.720�� � � . F
<br /> Loan Number___36630__-__188-_1___ �
<br /> � . � � � ryae� Br•nan � ��
<br /> 78- U03128 MORTGAGE
<br /> �.� � � � :� `; .
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<br /> . � THIS MOR.TGAGE,made and executed this ...-.------•.................... day of..---.....-•--�,�..----------•--. A.D., �, ,
<br /> �•� 19 7� between the Mortgagor,....WaFS�._.,5.....�.�..1t1i1._��]STi..�,...��i�x..hu�17.aFid..�Rd.Wl.��e-�------------•---•
<br /> .;� _ ..joinciy._ana each..in_their_own_right,�._..,,,.,__________. +_ '
<br /> ---•-...........................................•--••----.._.._......_.. .
<br /> " of Graad Islaad .Iia21 . State of...H�U.?:88ka....._.,hereinafter referred
<br /> ......... .---•-- ----..., County of_.... .. _ . . ._
<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 '_'
<br /> . j as Lender.
<br /> WirxEssETx: That the said Borrower for and in consideration of the sum of...ELEVEN__THOUSAND,__ ti r;
<br /> � FTVE HUNDRED AND NO/100--------------------------Dol.ars (US$_11,500.00........ ......) {� ',
<br /> .. . ......................•-------------------------------��---------�---------......... ......_.......--•---
<br /> paid by said Lender, does hereby mortgage,grant and convey to Lender, its successors and assigns; the `: ' . : j.,;
<br /> � following described pmperty located in the County of .._..._...Ball _..,,,, State of Nebraska: " `
<br /> # Lot One (1), in Amended Block Six (6), Continental Gardens, an Addition to � H�#
<br /> the City of Grand Island, Hall County, Nebraska. r „ � `
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<br /> .. . . . � �,. fin.
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<br /> #` TocsTxsx with all the improvements now or hereafter erected on the property, and all easements, � '3 i
<br /> ; .� rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and �' x;-"��'
<br /> ,.� water stock, and all fixtures now or hereafter attached to the property, all of which, including replace- a { ,� ' ,��,
<br /> ments and additions thereto,shall be deemed to be and remain a part of the property covered by this ;s;y',�
<br /> ,.� Moxtgage; and all of the foregoing, together with said property (or the leasehold estate in tl�e event this " �.,•��
<br /> Mortgage ia 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 4
<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 claima 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 /> by bonded abstracter. r � »��
<br /> `. � PaovcnEn ALwnYs, and these presents are executed and delivered upon the following conditions,agree- `
<br /> mente and obligations of the Borrower, to-wit: z
<br /> j � FI.VE.He BIJN�tAEA.,Al[R�O�QO ay to the_Lender_or order-..the prin�ollars (US$_.E1,,�9_.Q QUSAIVA_:....) Y ,
<br /> . � payable as pmvided in a note executed and dehvered,concurrently herewith,the final payment of pnncipal, , �; ,�E
<br /> ' if not sooner paid,on the.--•--..�.�.'�._....------ day of_..._..-•------M�,Y..-•...................... 19..93.. ; , ,.
<br /> :-.�'
<br /> UxiFoaNt CovexnxTs.Borrower and Lender covenant and agree as follows:
<br /> ,. � 1: Payment of Priacipai�d Iaterest Borrower shall promptly pay when due the principal of and in- `;
<br /> '- r 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 /> y2: Fuads tor Taxes�d Inaurcmce. 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 /> ;� asseaements wiuch may attain priority over this Mortgage, and ground rents on the Property, if any plus ;
<br /> one-twelfth of.yearly premium installments for hazard �nsurance, plus one-twelfth of yearly premium in- y,:
<br /> =� staTlments for mortgage insurance, if any, all as reasonably estimated initiallv and from time to time by
<br /> I.eader o,n the basis of assessments and bills and reasonable eatimates thereof,Lender shall apply the Funds
<br /> .;�� to.pay seid�axes,assessments,inaurance premiums andgro und rents. Lender shall make no charge for so y
<br /> holding.and applying the Funda or verifying and compiling said assessmeats and bilis. The I.ender shall �7 y ��f,;- `��,
<br /> g;v��e to the Borrower,without charge,an annual accounting of the Funds showing credits and debits to the � �A
<br /> � Fvnds"ancY the purpose'for which each debit to the Funds was made. The Funde are pledged as additional '
<br /> se'c�u�i foi the-stnns secured b this 1Vlort a e The Borrower a y y '`
<br /> yL, ; tY Y g g . grees that the Funda ma ,be held b the `` n, a;
<br /> .:. Lender snd commingled with other funda.and the Lender's own funds and the Lender maY P8Y such items , , ; �
<br /> fFam its<own,�unda and;:the:Leiider shall'not be'fiable`for interest or dividends on such Funds.
<br /> ' + '� If�he amount of the.Furida helc�by,Leader,together.with,the future moathly installments of Funds . }?":
<br /> pays�ble pnor to tixa du�*dates:of.�aaes rassessmetrte, insurance<premiums and ground a�ents, shall egceed ,�,
<br /> `'4 f.he atn+ui�nt re4au¢d to�"ay said'taaes aese�ssmenfs,insnrance premiuiris'and ground ients as they fall due,
<br /> 3 suc6'eaceas si�all+ Borrowei's optiofn=either proinptly reps�d to Borrower or credited to Borrower on ;.:
<br /> be,at
<br />� � mor3tthly�uietallalents'6£''Fuada:'"If tHe amount of the Fuads held by Lender shall not be sufficient to pa,y � "��'' ':
<br />�,r .y, taaee,-aseessments 'insurance p;emiums and ground rents ae they fall due,Borrower shall pay to Lender
<br />,� � anp aniount.necesea;g'to.tnake up the deficiency'withia thirty days after notice from I.ender to Borrower
<br />�,` ,� �±eqaesting.paqment.t6ereof,.or'Borrower shall, by an increase in'monthly installments of Funds required,
<br />� : repay the deficiency within the Fund acconnting perio�i. �
<br /> � ' Upqn payment in full of all sums sectu�ed by'this Mortgege,Lender shall apply Funds held as a credit
<br /> againstrall sums dae. . µX:
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