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<br />Forth rao. 720
<br />Loan Number__ 396fi2 __-__ X88 -__ 1 -
<br />Type 8tenii,
<br />
<br />TT~IIS MOIi'I'GAGE, made and executed-this .............. • - ----.. ~~day of ...~~~~i,...:_ A.D.,
<br />19. ~.~, lsetween the Mortgagor, .-1C~ifn~tlt..~=--.$fl~kbrs~igr--at~d..Laurie.. R...Boekbrader.,.-husl?i~i~3-:.
<br />---~t1d._*n?~fe.,...~oizitj,Y--~~~i--~aclt_.in--Cfieir__own_-right.,-------------- -
<br />of .. Grand-.ZS_1and.-._„...,., County of -----.....-. ~~li....._._....., State of ---Nebraska.---..., hereinafter referred
<br />to as the Borrower, and the Mortgagee, FIRST` FEDERAL SA`vINGS AND LOAN ASSOCIA'T'ION OF
<br />L.INCOI.N, 1235 "AI" Street, Lincoln, Nebraska 6i35D1, its successors and assigns, hereinafter referred to
<br />as Lender. a.
<br />~IT3VE8$E'Px: That the said Borrower for and in consideration of the sum of ..TE~I`ITY-I?.T t~ll~... _...__
<br />.-.9IF~l1NA..?.'fil?El_-IIIJI$I)RED-.FIFTY- AND. NO%.I,QQ-------.----dollars (US $.28,3.~Q,.4Q.-------------°-•-}
<br />paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; -the
<br />following described property located in the County of ...._...---.Ilatl._-----------------.., State of Nebraska:
<br />Lat Seven (7) Block Two (2) in Lamberts Second Addition to the City of` Grand Island
<br />Hall Ccuaty, Nebraska
<br />Tac><TxEa with all the improvements now or hereafter erected on the property, and all easements,
<br />r+_ghts, apgurtsnances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and
<br />water stack, and all fixtures now or hereafter attached to the property, a}I of which, including repla~e-
<br />ments and additions thereto, shall be deemed to be and ra main a part of the property covered- by this
<br />14*artgage; and all of the foregoing, together vs~ith said property (or the leasehold Mate in the event this
<br />Mortgage is on a leasehold} are herein referred to as the "Property".
<br />Borrower oiyvenants that Harrower is lawfully seised of the estate hereby conveyed and has the Wight
<br />to mortgage, grant and convey the Property, that the Property is unencumisered, and that Borrower will
<br />warrant anti de#end generally the title to the Property against all claims and demands, suhjec' `^ any
<br />easements grid r~_` °ctians listed in a schedule of exceptions tc coverage in any title insurance polio in-
<br />suring Lender's interest in-the Property, or (2} attorney's opinion of title from abstract of title certified
<br />by bonded abstracter.
<br />I?aoveyjsn ALWAYS, and these presents are executed and delivered upon the following conditions, agree-
<br />ments and ob?igatians of the Harrower, to-wit:
<br />The Borrower agrees to pay try the Lender, or order, the principal sum of .T41E~X-TiI.THt?IIfiA1+1D.
<br />---TIIREE,HITIVDRED_EIFTY_AI~}-NE}/1Q0--_-------~- ----'-.TDallars (UTS$...2&s3S.Q,.41S?----.......-°--.-.}
<br />payable as pro~~ided in a Hate executed and delivered, concurrently herewith, the final payment of principal,
<br />if Hat sooner paid, on the ...........Ls~...-._.. day of --.---December--------------- ---> ~--~?
<br />L1xrFnant Covi;.xaxss. Harrower and Lender covenant and agree as follows:
<br />!. I?ay:aery# of Priryclpect axt~! yerest, Harrower shat promptly pay when due the principaf of and in-
<br />terest an the iridebtedn~s evidenced by the Nate, 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 />e. €iyiyds far ;uses and Tnsnroneeo Syilxject 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 />Nate; until the. Nate is-paid in full, a sum (herein "Funds"} equal to one-twelfth of the yearly traces and
<br />$syryents which may attain priority aver this Mortgage, and ground rents on the Property, if any plus
<br />one-twelfth of yearly premium installments for hazard insurance, plus one-twelfth of yearly premium i_~y-
<br />sn=e;~ for mortgage ;nsurance, if any, all as reasonably estimated initially and from time to time by
<br />bender on the-basis ot-assessryyeryts and bills and y~soayable estimates thereof, Lender shall apply the Funds
<br />to-pay said: taxes,, assessments, insurance premiums and g,ronnd rents. Lender shall make no c e for so
<br />l~ ,2r~d aIyirfg tt~n ~'uryds ar` vergfy°:ns arzd campiu~ryg said asses~^ments and bii2s. The L,~r Shall
<br />give ro rsye I~rrrcwer, ws#ixuyi -e'.v~rg€, ~*~. annuw~ accountu~ of the Funds tchawnno cre~iit~t aid debt,e to
<br />`ssn€l-s anti tf~ Fe~zpw,se f„r which each €3e61t Cn die Puizds zvas made. The #ur-ds aze pledged as additional
<br />>~~ ~^ .~„~ „na sec-,~'d s ~;iis ::~~r1--gaga -The Horiower agrees that'41:e Funds ,uay be hs',d b}= the
<br />Lerrd~ oral c;lr:rmingled tvitTy other funris and-the Lender's awn. funds and tlye Lenilez-may pay such items
<br />from its awry- funds Arid tEte Lender at,alt not He .liable ftzs. int>st or divideryds or! snob Fvrrds.
<br />If arnotat asf else Itunds held b;J i,ender, together with the future nxynthly- installments ol• ~~uyds
<br />payable prior ter the due dsttes. of taxi s, assessments, insurance premiums aryl ground rent, shall exceed
<br />the aynvuiyt aagtnced tog y said taxes, assessmentsg, insurance premiums and around rents as-.they fall due,
<br />s`iycly er"' shall be, at Trrvsver':: option., either promlxtTy rettaid to I3orror:er nr credited to l3otrower on
<br />rneiiythly iisstallln~ryes of Funds, .If the amount of the.Funds }sold by Lender shall not be sufficient to pay
<br />taxes, ssse~rnerytz y iasirtance psemiuyris and >Id renfa as they fall du+a, Borrower shall pay to Lender
<br />gt2y arnmanst nece: nary to srca3se up the defleieyey* within tlnrty days afier rra#ice from Lender to Borrower
<br />requesting payme yt thereof, oz Borrower shall, by an increase in monthly installments of Funds required,
<br />repay the deficier cy within the Fund accountfrig period:
<br />Upon paymc nt in furl of all sums secured by this Mortgage, Lender shall apply Funds held as a credit.
<br />against alI Burns , Tue.
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