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<br /> • ':I IIVDIVIDUAL �
<br /> } � DUE ON SALE-
<br /> OPTION�IL FUTURE ADVANCES « ` '„ �,
<br /> j �' S/RVINGS FUND: ��
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<br /> t�3 FORM N0.T2O.. . . . . . . . . . . � . j � ,' t 1'f�
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<br /> !f ^ '"'� Loan Number----35087__—_TY$$ _B���h ' � �
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<br /> �s- ��i31.9�. Y
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<br /> ,. � M, O R T G A G E
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<br /> , TFiI3 MOFtTGAGE,made and executed tlus.......---��-•........ day of_..--•-----....��__ ..... . A.D., � ,�
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<br /> :� 19._78..,between the Mortgagor,..As,aa..F..__�ruu�nnd__an.d..Be.v.erl.y--.I_..Dzaxmmond�_.hu�baad-.and-x.rife, �>�' � -;;
<br /> �' ioi*��7.Y �c�s� �a�h �,z� �Ix�i.x._A�_x3,ght.,.------•••-•---•--•-----.......••••---•--.....•...............................-----•---•••---•---•_••••--- °
<br /> of _._Cairo....... ............ County of--_......:---�Ia71..........._._.,State of..1�Iebraska------.,hereinafter refeaed ` � ��.
<br /> ,' � to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF sx=:
<br /> �"r LINCOLN, 2235 "N"Street, Linco2n, Nebraska 68501, its successors and assigns, hereinafter referred to �+;
<br /> i as Lender.
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<br /> �' � wITNESRETH: �TI]St LZl@ Sfi7fI BOITOWQI EOt 8ilCI in consideration of the sum of .FORTY �THOUSAND AND t ��. �.' �-�?� ,���.
<br /> ; NO/2U0---------------------------------------- 40 000 00'--••------•---•• -- .�
<br /> .. 5
<br /> ! •- --_..._. ...--.........................----....._..••---._..._.............._....._........_...-------Dol:ars US$.....--'-••--- ........-•---..__.....) u� �'
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<br /> � paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors aad assigns; the � , ;�r xi��:
<br /> , followin deacribed ' Hall , State of Nebraska: �, ' `• Y�"'w,
<br /> j g Property located m the County of----------------••--•--.......--•-- -
<br /> t . � . ' . t : fi m�, �1- .
<br /> I�ots Six (6) and Seven (7), in Block One (1), Harb S�ubdivision, being a S � � �
<br /> „ �� Subdivision of all of Block Two 2 , ' " ' �+''
<br /> O Ingalls Turner Subdivision in the i w;�6_
<br /> �. Village oF Cairo, Hall County, Nebraska. i. g,r� , '
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<br /> TocETxEa with 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 k ' '��'
<br /> water stock, and all fixtures now or hereafter attached to the property, all of which, including replace- � � y¢��"`
<br /> `�? menta and additions thereto,shall be deemed to be and remain a part of the property covered by this � * ',�yxF��
<br /> Mortgage; and'all of fihe foregoing, together with said property (or the leasehold estate in the event this � ,
<br /> �� Mortgage ia on a leasehold) are herein referred to as the "Property", �`��.
<br /> �° Borrower covenanta that Borrower is lawfully seiaed of the estate hereby conveyed and has the right x. � �
<br /> `i ta�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 reatrictions listed in a schedule of eaceptions to coverage in any title insurance policy in- �
<br /> �, suriag Lender's interest in the Property,or (2) attorney's opinion of title from abstract of title certiSed �`'
<br /> ''� by bc+nded abstracter. � >,.
<br /> �� � PROVIDED-ALWAY3� 8I1fI t�1Q3Q i08BIIt8 8PB executed and delivered u g � gree- `� � :;
<br /> i' P pon the tollowin conditions,a �
<br /> ments and obligations of the Borrower, to-wit: : z �,
<br /> .. . ._. ... :.�. . . '. � . . . . � ' '' ' ,'. ,.� 4�,.�
<br /> ° The Borrower agrees to pay to the Lender,or order, the principal sum of.FORTY.THOUSAND AND.NO/100 ,. � '
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<br /> --- -----���--------------- 40 000 00
<br /> .._ _.....� ....--- _.... _....---••-------------•----........._.....-•---�--.....�ollars (US$.. -r-----.._ . ......._ ..._...)
<br /> �' payable as provided in a note executed and delivered,concurrently herewith,the final payment of pnncipal, � ';
<br /> if not sooner paid,on the -•----•--�.st.---••---.day of---••---��------June.__...-----�--...__.., 19...�$. "t
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<br /> �' : UxurosM Covsxwx�rs. Borrower and Lender covenant and agree as follows: ;
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<br /> i' 1. Paymeat of Principal�d 7nterest Borrower shall promptly pay when due the principal of zu�d in-
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<br /> ,�' terest on the indebtedness evidenced by the Note,prepayment and late charges as provided in the Note,
<br /> snd the principai of and interest on any Future Advances secured by this Mortgage.
<br /> 2. Fuada for Tmces�d Insur�ee. Subject to Lender's optioa under paragraphs 4 and 5 hereof,Bor- }
<br /> •�, rower ehaIl pay to Lender on the day monthly installments of principal and intereat are payable under the ':'
<br /> . � Note,uatrl the Note is pazd in full,a sum (herein "Funds") equal to one-twelfth of the yearly tases and ; .
<br /> - assessments which may attain pri� ority over this Mortgage, and ground rents on the Property,if any plus
<br /> F r one-twz:lfth of yearly pretnium installments for hazard insurance, plus one-twelfth of yearly premium in- �
<br /> >. stallments foi mortgage inaurance,if'any,all as reasonably estimated initially and from time to time by ` �;
<br /> I,ender'on,the basis of ssaesements and b�ls and reasonable estimates thereof,Lender shall apply the Funds ', ;
<br /> �P�Y•eaid tasea;assessments;inaueance premiums and'ground rents. Lender ehall make no charge for so
<br /> holding a�d applyu�g the Funds or verifying aad compiling said assessments and bills. The Lender shall
<br /> 8ive ta the Borrower,without charge,an annuai acrnunting of the Funds showing czedits and debits to the
<br /> Y ` Funds.aad the.purpose,for wluch each debit,to the Funds was made. The Funds are pledged as additional W F , �'
<br /> r aecurity for the sums secured by'this Mortgage: The Borrower agrees that the Funds may be held by the ��,4
<br /> I�ender and comm�ngled with other funds and the.Lender's own funda.and the Lender may pay such items `
<br /> S�[om a�s ovpn funils anci the Lender shall.not be liable for interest or dividends on such Funds. �,`
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<br /> �theuamouat of the:Fnnda held by I•ender,;together with.the future monthly instailments of Funds � ' '";
<br /> � �' `.qable,,P�or to the dne:dates of taa aeeessmeats,.insursnce '�`�
<br /> �+ . Premiums and und reats, shall exceed
<br /> „�,� -,���reqwred to p'ay 6sid tsaes,,eeeeasmeats,insurance premiums and�und rents as they fali�due. ��
<br /> , w„ sl�al�be,at Borrower's optao�eitfier pmmptly rep az'd to Borrower or credited to Borrower on 4�^
<br /> on�`iTy;;'`�ns�tments o#.E�nds If t4e amdunt-,of;the Fu:tds held by I,ender shsll not be sufHcient to pay �` `�
<br /> � s W es ents Sas(�1'an :.,,;�� �: �.
<br /> ��m ,, �..Preaiitwoa snd•gronad rents as they fall due, Borromer shall paY to I.ender
<br /> �3T t necea�rY�o amalce up,tlie de$cieacy.within t b i r t y da y s after notice from Lender to B o r r o w e r
<br /> f ret�veating payment thereof, or Borroa�er sha11, by an;acrease in monthly installments of Funds required,
<br /> �[�Y-�h�:'deficiency wit7�ia'tlie Fnad acaounting'period.
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<br />+A ;: L71wii pay�►ent'in inll'of all sums seci�red by this Mortgage,Lender shall apply Funds heid as a credit �
<br /> Ss� againsL all suma di�e.
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