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<br />f}P"PlCSNiCL Ft3TUf4E ADVANCES
<br />SFCYlAIG3 FUND
<br />Farts N~s.'f~4 - -
<br />Loan Number- ~-~~-~~ ---~-I38 __ --- 1-
<br />'THIS 1~OIfTGAGE, made-and executed this ......-- -- - - :•--,srt?~ day of .~~..:'Er,?:~ -._....._:. A.ZI:,
<br />19---~d„between the ldfortgagvr, 1<aavid .M.--~arrall- ansi..Candice..F.....Cartrtll,--.husbaud:_~nd..ra3fe,
<br />~niutly..~ttsl..,e~cii.:#u_.theix..v~..ri~tt ....................................---------- ---- ---• -----... ........
<br />of ._.C~and._~aiaud....::_:. Covaty of .-........Na.7.1._.. --.. -._., State of .3Velii:aska.--.-.i:., hereinafter zeferred-
<br />to as the Bozrower; and the 164ortgagee, FIRST FEI3EI3AL SAGIIVGS AND LOAN ASSOCIATIQN tlF
<br />LIIdC:OLPI, 1235 "N" Street, Lincoln, 1Vebraska 6$501, its successors and assigns; hereinafter refened to
<br />` as.Lender:
<br />~PrNFS~brTH:- --That-the said Borrower for and in consideration of the sum of ..~.Tdi~`[..~-~A?!D
<br />-27i1{.2;_$.U~:2~T1_I?~~X..ANU..ItAL.1.QQ--.r---:-°~-------------Doltars tUS $.:39:v,2~0.£IQ.-.•-- ---_-.---?
<br />paial-hy said-Lendez, sloes-hereby mortgage, grant and convey to Leader, its successors and. assigns; the
<br />fallvwirsa descn`Bed-property-located is the Gaunty of .......Iiaa,l----------------------•----., State of Aiehraska:
<br />I,ot Thirty (34) 13o-1€e's Subdivision in the City o€ Grand Island-Hail Gouat:y, Nebraska
<br />TOGETx]i$ with all the improvements now-or heresafter erected on tl:e property, and all easemeat~,
<br />rights, appurtenances, seats, royalties, mineral, 0~1 and gas rights and profits; water, water right<c,-and
<br />water stock,. and all fixtures- now or hereafter, attached to the grope;ty, all of which, intliadipg re~ilace-
<br />amts sad addition theri~tt ,shall ho deertied #.ri be'and rer~aia a part a# the property ~mered by <t&is
<br />IVxortgage> and a~i at the foregoing, together-with said properky (or the leasehold Mate ro the went this
<br />_ A;[;,rtp~Qe ~ yr a l~sehola) one hesefr` °r4fe_rred to as tie "Property"-
<br />- B4mrwer. covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right
<br />_ to Tortgage, grant and rnnvey the Property, that the Property is uneacvmhered, and- that Borrower vein
<br />" warrant aruf defend generally the title to-the Property against aIl claims and demands, subject to any
<br />easements-.and teatrictions listed its a schedule of ezceptfons tv coverage in say iatle iasusance palfeg in-
<br />suring Leader's interest in the Property, or (2) attorney's opiaivn of title from abstra+et of-title eertifred
<br />by Bonded-.abstracter.
<br />_ Peovtnep ALWAYS, and these pzeseats are eaeeated and delivered upon the #ollowiag conditions, agrEe-
<br />nieaix and obligations of the Borrower, to-wit:
<br />The Harrower a„+~rees to pay to the Lender, ar order, the principal sum of ..:T.~RT~..~12'?~- T~t?I?-?-
<br />`" ~rsrn :~.L'l~l?..ET~.-~. N~~ ~~?--~-'"_ -- -- - - _~ o-~ r 39 250; a0 -_ > )
<br />s ._.a~. .-~'Dolla.=s E JS ~_...-_ z
<br />pay:.hle ss provided is a note eaeerted and aelfvered, can:,unently herewith, the final pay>ient of principal,
<br />l if-nut Boone. paid, an the ...._.-.First.-.....-. day of _.-..Ilecember .......... ........x..2:097
<br />,j - _- - .
<br />lixipox~ CovaxAxrs. Borrower and Lender covenant and agree as fvlIows:
<br />!. P€rymeat of Frinclpal omd IalL Borrower shall promptly pay when-due the prince 1 of and -its-
<br />tercet as the'indettednese evidenced By the Mote, prepayment and fate charges as provid~t in the Nate,
<br />- and'. tlYe principal bf encl. interest as any Future Advances secured By this llfortgage.
<br />2- Funds fca° 't'ares ~ Iz}aur~snae, Subject tv Lender's option-under paragraghs_4 and 5 hareef, Bor--
<br />rotger shall pay t+l Lender on the day monthty instailmeetts of principal and interest-are payable Baader the
<br />E4TotR, urc;l tfie idvta is gaid is fs1li; a sum Therein Funds") equal to one-twelfth of the yesrly ;taxes. and
<br />sssessmeats whiels may attain. paority -over this lldortgage, and ground rents on the Prcaperty; if any- Plus
<br />- one-tr,~elfth `iii yearly premium zastallraents for hazard insurance, pitas one-twelfth o€-yearly grc±mium in-
<br />= stallment:
<br />. fqr trcorLguge insurance, i# aryy; all as reasonaltIy estimated iaitaslIy and from time to tame by
<br />%:ender oa the'basis of assessments ansl b%tts and reasonalxle estituates thereof, T~ertder ehall apply the Funds
<br />to pay sr~d*: *~ eesn>a~~, it~urance'p:emiutrig and g*r.,s,rrid rents. tenser sTaalJ -hake no charge £ar so
<br />holding and applvizsg-the Ftuads ot-verifying and compiling said ax.9essments and bs71s. The Lender salt
<br />gva to the i3orrovcisr, wsthoatthat~, ~ annual aecourting of the Funds etcowing cTSdits and debits to the
<br />Fassds and tl.e :-'~t~ fv: wi+iG+It each idebit to the k`unds .-v:ts made. The Funds are. pledged as additional
<br />aec•urity Eon' tine ssu:vs sesaur~ Tayy- t#~ l~tcrtgage: '1'he Borrower agrees that the Funds may be held by the
<br />LeEtder and consmingled vrith otlrer fonds and the Lancer's own funds sad the Lender may :pay' each itEms
<br />from its own funds and t~ testier shall nut. be liable fns interest or dividends on such Fund:
<br />H flee ersvswt of the Funds held by I,endrr, together wi±h the future monthly snots l .onto rtf ~'>~nds
<br />payable preor to:tha doe dates of Oases; etmts, fnsesrapce premiums asstl ground rents, shat exceed-
<br />-- .the amount required to ..pay said taxeea, ~e~tietrks, insurance premiums and ground rants as they #all due,..
<br />each exe,,~s sRaii ba, st war's option, either psvmptly re~aid to Borrower or credited t~ Aarnxver as
<br />mcixt"ri iaetants of Fvn~?o: If the arras :t a[ the Psnds ~.eid by T.,e.-sder slealI not be su'.:ieient to per?
<br />taxers, a~sfiraehfis, in:,-t;TSnce szn~iurrs 3S~ 2m:iril rents; as thPV full: dtu~: Rn__rmwPr KtsRll p2v to T _ ei~r
<br />any amount nec•:easary to snake up the daficzency ,viibin thirty Says after notices Irani Lender tv Harrower
<br />requesting paynxent ttseTeaf, or $.arr+;wer stud3, by an incrnase in monthly iru+talimeeits of Ftiands required;
<br />repay the deficiency within rite Fund aocosmting period.
<br />13poa payment is fait of atl sums secured by this Mortgage, Lendersball-apply Funds held as a credit
<br />. agaiasat all: sums due.
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