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<br />DlJI: ON SALE
<br />t?PTIflPiAL. PUTUFtI~
<br />SAVIRiGS FIdND
<br />Fowro r3o:720
<br />
<br />ADYAfVCES
<br />Loan Number__9391__-- -18____1__--
<br />- TyDt 8rnnch
<br />~~-- U C~'~ ~3'~ ~ 1VC ®R T G A G E
<br />TT-IIS MORTGAGE, made and executed this -....---. ~~._...._-.--.-. day °f --~°.:~.`.4'_~`'-:------------- A.D.,
<br />19. ~~--., between the Mortgagor, ....Ronald . S.-. Soet~a.-and _ Joan- Ii.--Socha, _ husband-..aFl$-.wi,f;g.,-..,-.-.
<br />---°----°-- .-;-joix€tIy-and-_eacji-_}n .their own- xrght-,,- -- -- ° .
<br />of ,.-.Grand- Island.,-.--,..,.-County of ...----.-~~:~:-......-------.-..., State of ------hielrraska_--> hereinafter referred
<br />to .as -the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIA'!'IOId OF
<br />LIiVCOI.N, 1235 "N" Street, Lincoln, Nebraska 6850I,its successors and assigns, hereinafter referred to
<br />as Lender.
<br />~VrTNESSiS'ri: That the said Borrower for and in consideration of the sum of ._-THIRTY-.~13QUS~?[1._.
<br />.. SIX.HUI3fjRED_ANll. h4/.100-_-----------------------°----~oilaas (US ~:_..-.~a fiQO Of}
<br />paid by said Lender, .does hereby mortgage, grant and convey to I.ersder, its successors and assigns; the
<br />following described property located in the County of ..__._..~11...-.....-._-......._.., State of Nebraska:
<br />Lot Five (5), Block Sixteen (1b), Ashton Place, an Addition to the City of
<br />Grand Island, Ha11 County, Nebraska
<br />TOGETHT$ with all the improvements now or hereafter erected on the property, and all easements,
<br />rights, appurtenances, rents, royalties, mineral, oil and gas right and p,rztits; .water, water rights, and
<br />water stack, a<nd all fixtures now or hereafter attached to the property, all of wirich, including ren~..
<br />meats and ailditians tk-°eta, shall be-deemed to be and remain a part of the property .covered by -this
<br />Mortgage; and all of the foregoing, together with said property (or the leasehold estate in t_he-event this
<br />Mortgage is on a leasehold) are herein referred to as the "Property".
<br />Harrower covenants that Borrower is ?awfully seised of the estate hereby cronveyed and has- the right
<br />to mortgage; grant and convey the Property, that the Properly 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 restrictions fisted in a schedule of exceptions to coverage in say title insurance poticy in-
<br />suring bender's interest in the Property, or (2} attorney's opinion of title Exam abstract a€ title certified
<br />by bonded abstracter.
<br />Paoviaan Arwnvs, and these presents are executed and delivered upon the following conditiana; agree-
<br />ruents and obligations a# the Borrower, to-wit:
<br />The Borrower agxees to pay to the Lender; or order, the principal sum of _--_?'?~=?~TY..T.xQUSAN.D._.:._...
<br />...S.1h..1f.L>kiARED-_APiD-_NOj140~-.._ r ~-~e°~--.'".-"'---"_„L?oliars {US $..-..30,6QQ_.UO- --------------}
<br />payable as provided in a note executed and delivered, concurrently herewiih, the final payment of principal,
<br />if not sooner paid, an the ....._.~_~:i~st.----. day of ._.__-December------------------, R~--2t#47
<br />LTxrFOaar Covsxnxxs, Borrower-and Lender ccxvenant and agree as follows:
<br />L Payment of Principal cmd Interest. $orrower shall pmmptip pay when. due the principal of and ia-
<br />terest on the indebtedness evidenced by the ]Nate, prepayment and late chargeG as provided in the Note,
<br />and the principal of and interest on any Future Advances secured by this Mortgage.
<br />2. Fonda for Taxes ;rod foaur~ree. Subject to Lender's option under paragraphs 4 and 5 hereof, Bor-
<br />rower shall gay to Lender on the day monthly installments of principal and interest aFe payalale-ur:er the
<br />Note, until the Note is paid in full, a sum (heroin "Funds") equal to one-twelfth of-the yearly. taxes and
<br />assessments which may attain pirority over this Mortgage, and ground rents on the Property, if any plus
<br />~.,~~er€tzr ^f y"-ally nrem?dat nstallmeats for hazard insurance, plus one>twelfth of yearly. premium in-
<br />staliments -for mortgage insurance, if any,. all as reasonably estimated initially and from time to time by
<br />Lender on the basin of assessments acrd bills and reasonable estin+atea thereof; bender shall appl `the Funds
<br />#A pay said tease, 4~c.-~++ents, iasurt3nee grerniums andgro and rents Lender shall-make na gs fox'so
<br />lold~ing and applying the Funds or verifying and comgr "`hag said assessments and bills. The Lender shalt
<br />give to the:Borrower, witlsout etaxr8e an annual accounting of the Funds showing credits and debits_to the
<br />]Funds anti the purpose: farsvhieh each debit to the Furida was made. The. Funds. are pledged as additional
<br />sec~srity for. the auma secured by this Martgage:•The grower agrece that the Funds may 1~-held by the
<br />Lender and ,~urrcniingled with atlrer fuatla and the Lender's-awn funds am3 th+e Lender tray pay-such items
<br />f~,ifi its own funds and the Leer shall not be'tiahle far interest or dividends on suels Funds.
<br />If the amount of the Funds held lsy_I,ender, together with fie future' inoatlily irtstatlinuri~s of Fonds
<br />payable prior to the doe dates of taxes, asee~mea~, insurance premiums and ground rent~v, shall exceed
<br />the amount required to Fay said. taxes, aesese*nant5, insurnace pretniumg and ground-rents as they fall -due,
<br />such eec~ slsail be, Wt PorrGicor's spurn, either promptly repaid fn I3orxtrwee rr er~dited to Borrower on
<br />monthly iustalturnts of Funds. df the amount of the Funds held by Lander:shall-not be sufficieatto paq
<br />taxes. +~~-te~anents, insurnncr~ grstaiinm~+.and ground rants as they #all due;.$ort»wer ahaIl pay tcs Lender
<br />any aataunf. nec~;sary ~ eta: xip the de€lciency within thirty days after notie~-from-3 ender to Borrower
<br />i±equesting pa}-meat thereof; o~ ~larrower shall, by an ~cr~tse is rnonthly installments of Funds required;
<br />repay the deficiERicy within tfirw lrvad' eecountfng period.
<br />Upon payment in full of att sums secured by this Mortgage; Taxrder shall apply Funds held as a credit
<br />against all:suins'due~
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