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<br />
<br />
<br />IPIQiYtDtlAL
<br />I?U~ ON SA~tt
<br />OPT9ONAL p'UT[l~F2E ADVANCES
<br />SAVINGS Fl3ND
<br />1=er=rs Na.72a
<br />:'u;ntser__ 39671_ - I_$_$ __ 1
<br />- - LS'i.~.ri __---_ TYpa~~s BPonch
<br />
<br />T S l~OItTGAGE, creeds and ereentecl this .- -- - -------•----....,a.E?day of ~?.--.... A:D.,
<br />19.._.~between the Mortgagor, ----.Jaa}~s. A~..SuJ.a.3xam_ansi,.ICar.~m..L.... $uJ.iivan,.-husbaad.-an-d.---.:-
<br />...~?I,lr~.... i~i~tla..:~xa4t.-~a~h._#.n..~b.~~s._~r?~zt..z~Sh~x...._.-....------•--•----- ...............--- ---------------- -----•--------....
<br />of .. brand-, Island....-...-_, County of .-----------.tlal.l----.-..-.---> State of ...lv'.ehgarslca......, 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 and assigns, hereinafter referred to
<br />as Lender.
<br />WsTU~~rx: That the said Bormwez for .and in consideration of the sum of .._THIRTY-S.Ellf:ll:,-...--
<br />..-Til.Q71.SAt1A.'IMF.-11L1NA~ti~..~~?P..N9.L.l9Q-----------------3?ollars (U5 $....37,3fltt.f)fl------------------)
<br />paid by said Leader, does hereby mortgage, grant and Canvey to Lender, its successors and assigns; tEre
<br />following described property located in the County of ...:_...._--.--..7faE.l.._.._.-.--...:., State of Nebraska:
<br />Lot Seven (7} in Zsl.and Acres No. 7 a Subdivision of part of Fractional Section
<br />Seven (7) part of the West Half of the West Haif (W'-} of Section Eight.(8} and-parr
<br />of Lot Twenty Faur (24) Tsland Acres-all in. Township Eleven (11) Yortls,=Range Nine
<br />(9} West of the 6th P.M., in the City of Grand Island, Hat.l County, i3ebraska
<br />Toc~rxse with all the improverriehts new or hereafter erected on the property, -and all- easements,
<br />rights, appurtenances, rents, royalties, mineral, ail-and gas rights and profits, water, water rights; and
<br />water stock, and all fixtures nos or hereafter attached to the property, all of which= including replsce-
<br />meats and additions thereto, shad be deemed to be and remain a part of the pragerty severed by this
<br />mortgage, and alt of the foregoing, together with said property for the leasehold estate is the event flue
<br />It~lortgage is on a leasehold} are herein referred to as the "Progerty":
<br />Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and 'nos the right
<br />to mortgage, grant and convey the P*_~perty, that the Property is unencumbered, acrd tt~t Borrower-will
<br />warrant and de#end generally the title to the Progerty against all claims and demands, subject- to any
<br />easements and restrictions listed in a schedule of eacepticsns try coverage in any title irsssnrance policy iri-
<br />suziag Lender's interest sn the Property, or i2) a#tarney's opinion of title from abstract of title certified
<br />by banded abstracter,
<br />Paovtor;o ,4Lwr,Yg, and these presents are eae.°ssted and delivered ugon the following conditions, agree-
<br />ments and obligations of the Borrower, to-wit:
<br />T'he Borrower agrees to pay to the Lender, ar order, flee principal sum of ..~Z$T..X-~1;-.1J
<br />..:F..~1;~t.'. °~D_ CIA..~?51~.1U4-...~---------•--°-------.--.--Dollars (US ~a-._37, 3(lO.OS~........,--------•)
<br />,:..;~lla as padded in a i`~ote e~e,+tited acid daiiverori, oaneurrently herewith, the renal payment of prtaci~l,
<br />if net sooner paid, ors the .._k'~~a:L._.._.._-. day of ._.---.December-.._ ...... ....... f$iI..2FlA8
<br />Uxsaoahr CovsNarrrs. Borrower and Lender covenant and agree as follows:
<br />I. P,nymexrt of Priacigal ~d Interest Borrower shall promptly pay when due the principal of and in-
<br />xer~t oa the indebtedness evidenced by the ?Vote, pregavment and late charges as provided in the -Nate,
<br />and tees principal of and interest on any Future Advances secured by this &fortgage.
<br />2. Funds ~ Taxes ~ Insurcmre. Subject to Lender's option under paragraphs ~ and 5 hereof, Bor-
<br />rower shall prey tcs Lender on the stay monthly installments a# principal and interest are payable under fhe
<br />Note, until the dote fs paid in full, a snm (herein "Funds") equal to one-twelfth of the yearly fazes and
<br />a.ssrserrts whiefi cnay attain priority over this :i~lortgage, and ground rents on-the Proggrty, ff any plus
<br />one-twelfth of yc~rly premium i~tailments far hazard insur-anee, plus one-twelfth- of yearly premium in-
<br />3stallagents far mortgage ir~rnn~, if any, all as reasonably estimated initialir and- from. tune ta,_t3ma_tiy
<br />Imo- ~, t$g inisfs of is and bit-ts and reasonable estimates thereof, I~nder shall apply the F~ urtds -
<br />~ FaY s$iel taxes, eats, iraaunrtce premiums and ground rents.-Lender shall make no charm for so
<br />grad applying the laurstla or v~ aced comgiiing said assesainentaand bills:,The Le-railer shall
<br />to the Ilorr~riwes , wi8honrt
<br />charge, ors. armoal accounting of-the Fufsds showing credits and debits to the
<br />runes Arad the purpasa for whielr. debit to the Rrrnds wee irrade. The Funds are g}edged as additional
<br />aecurfty far tlra same assured lay tlsia Asbort~age. The- I3orniwer agrees that tlse Funds may be held by the
<br />Leader and eoanaiingled-4vitlr o~aer funds aa[1 Llse-L~td~r's 4v?n funds atld the Ler..ier may nay such itzms
<br />~m it-°-own fufnis ~sd tle 2.irider sltali n(tt be li'alsle far int~e.8t_or dividends on such 1• undx.
<br />If the amouai of the I•`unds held'hv Lgnii.~, r.~~+i,a .g_+t, ±ha futt:z° ^~or:t!ily i.~t L°caefafis of l~Y:nus
<br />pa~ble prior to t}ae dos. sates of tarxri, as>iessmaats, insurance pz+erauums and graurtd rents; slsnll exceed-
<br />the s.~nount ra-{ui_-ed to pAy said taxes, aseos~renta, insurance psemiuu~ and groused rsnts:as they fall dui
<br />Bch excess 31sa11 be, at Borrower's aptian, either pramp>,ly repaid to BQrruwer ur rredifedto Horroweer csa
<br />tmnrsthly installments ar Fonda. If the .amount of the Frmrlc h,.td lty Le~sr s}sgll ~t lje suffjciernt.ta-gay
<br />revs,, ass~csrnentW, incur nee prams:*ns and ground rents as they fall due, Borrower slsailE pay- to Lender
<br />any amount ne~ces.,nry to :na_tte up the tL.frc~ency ndtltir: tlsirry stays after notice-from Lender to Bprrower
<br />requesting payment thereof, or Borrower shall, by an increase in monthly installments of Funds required,
<br />repay th8-t3effCarita:y- within the Funs: accounting period.
<br />Upon palrrnerst im- fs;l1 of nll sums ~ by-this Mortgage, Lender =hail apply Funds held as a credit
<br />against all sums -due.
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