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<br />INDIVIL'N1RL
<br />DtJIE 9N SALE
<br />Of~"i'1C3NAi. FtJTUF2B AOVANCE~
<br />SAl/II~IGS 1`'tINF3
<br />Fo~r~+ Nom. 720 --
<br />Lrian idum~r_.39~.17 _-- -.1$.$.._-_1_--
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<br />TI#t8 MORTGAGE; made and executed this _--..:~~_....._....._.. day of .~°`.~'-~......_.....--. A.D.,
<br />19.°., between the Mortgagor, ...87.£r~d..~C ..:~a}.~n:.aasl_AozQtbl-.A:,_.S~7u~zt:..lat~~kftfid.-aAd.~~~~e,
<br />....._~s.Ertl:~y-1AS3..~?gh._.~a..t~ieir--own-,right,---------°-
<br />nf ...G~~zd.,:i&I:~?d.--------_, County of .-.,----•.--, Ha3~2---------------- Mate of :..~ebraska.-...-., hereinafter referre8
<br />to as the. Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AlVII LOAN ASSOCIATION OF
<br />I.ZN~E}LPL, 1235 " 1V" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to
<br />as 3,ender.
<br />Wt~t~sg~rtl: That the said $orrower for aid in consideration of the sum of .;TH,~RTY-SIX----------------
<br />,TH4USANB. NINE- HUI•IDRED AND -NO/ I00---------~--~-____.Dohars (U3 $ . 3b:, 900 ,00.,-- -------}
<br />paid,3ay said Lender, does hereby mortgage; grant and convey to bender; its successors and- assigns; the
<br />firlloveing described property located in the County of ._.._..:I~ZZ .......................::. State of Nebras&a:
<br />t,ct Five (5} 84ock v3-,e {4} Littilich's Addition to the Citp of Grand IsYand, Ha].I County,
<br />Nebraska.
<br />T4G&THEB with all the improvements non or hereafter erected on the property, and all easemehts,
<br />rights, appurtenances, rents, royalties, mineral, oil- and gas rights and profits, water, water .rights, and
<br />- water stock, and all fixtures now ar hereafter attached to the prnparty, ail o' wlsch, including reply-~
<br />menu and additfons t~-'-to, shall be'deemed to be and remain a part of the property caveretl btu this
<br />mnscg-ale; anti au of-the faregoitig, together with said properly {or the leasehold e~scate in the event-this
<br />- Mortgage is oa a leasehold} are herein referred to as-the "Property".
<br />_ orrower covenants that Borrower is lawfully seised of-the estate hereby conveyed and has the- right
<br />to inurtgage, great and convey the Property, thee; the Property is unencumbered, and that harrower kill
<br />warrant-and defend generally the title to the Property against all claims and demands,- subject to any
<br />esseaneats and restrictions listed in a schedule of exceptions tfr coverage iu any title- insurance policy-a-
<br />snring Leader's interest in the Property, er {2} attorney's opinion of title ftnm abstract of title certified
<br />by bonded abstracter.
<br />PsOYIDEA ALwAY9, and these presents are executed sad delivered upon the following conditions, aga'ec-
<br />menu and obligations of the Borrorer, to-wit:
<br />The t-Brrower agrees w pay to the Lender, or order, the principal sum of ._~-fiX,~..7~V17;s.~41?:._
<br />_..if3..iIU~R.A~..?/.-t~#3-.-----.~_~_~_,.~~_--~-----"LOollars {L'S ~_.._~fi..~SiS~..O'9...-- - ~---------}
<br />payable as provided in a note executed and delivered, concurrently herewith, the final payment of pritinipal,
<br />if not sooner paid, on the .... FirsL.-...-..--.- day of .-NEePmber ..-..., 19-~...
<br />IJ?€tvaa~ Covatahrtrs. Borrower and Lender rnvenaat and agree as follows:
<br />i. Payment of Principal sad Interesfi. $orrower shall Promptly pay when due the principal of and iix-
<br />terest oa the indebtedness evidence~cl by the Note, prepayment and- late charges as proved rn the Note,
<br />and-the principal of and interest on any Future Advances secured by this Mortgage..
<br />2 Fux:ds far Yax cmd ~-~. Subject to Le~-ider's option wader paragraphs 4 sad 5 hereof, Bor-
<br />. tower shall pay to bender oa thQ day monthly instruments o£ principal and interest are payable under the
<br />Note, until the Note is paid in full, a sum {herein "Funds") equal tti one-twelfth of the yearly taxes end
<br />dents which may attain Priority Hoer this ~fortgagE, artd gmisnd rents on -the i?xoPertY,: of any plns
<br />care-twelfth of yearly premium itxstaltments for hazard insurance;' Plus one-twelfth of yearly Premium in
<br />stalPments for mortgage insurance, if any, all as reasoaahly estimated initially and -from thine to time. by-
<br />Lender on the basisaf asseasmertts wind bills and reasonable-estimates thereof, Lender shall apply the 1~sds
<br />Ga day ea'rn'` lases, asaessmeaia; iltsurahca premiums sad graynd refits; Lensier shall make no chazge for so
<br />1-giding and applyx~-the Funds or verifying -and wmpi ' g-said assessments and. bil#s. -The Lender shall
<br />dive to ins narrower, without change, aft:aanuat accoua#rt~ of the Funds ahowiing eredrts and debits tb the
<br />Funds end ii,e purpose for whioli each debit ttt°the Funds' rues anode. 't'he Funds are pledged as sdditir+ziet
<br />security for tine sums secured by this i4iortgage. 7'lae E#ora?[swer agrees-that the::! ands may be held by the
<br />r ^~1°r .-.3 ~~r.::v..gl~3 „ It o:h;:, .~r,d3 sad t`~e :.e~rder's:~wn iu arttl #f~ lender essay Fazy Bch itis
<br />£~m its own rands anu the ixnder-slash not be Liable foe interest or'diaidends on such.-Funds.
<br />If tt:e amount of the Funds held Iry Lender, together with the futarre iiaonthly instsltl~its of Funds
<br />pay°abie price to the due. dates o£ lanes, asa~ents, iza~.uance premimas and grount~ reams shaft exfeed
<br />the an3ouni: required to v atiid tees, srts~Tn:ats, insurance p:p~.sr.~, and ground r~ttsas they-fall clue,
<br />such exce~ shall be, at ~arrower's aptisu, eikher promptly repaid to. Borrewer ar etedYted. to Borrower an
<br />montlalp dnsla}lrnents of Funds. if the amount of the Funds held by Lander xhail not Ere-sat&cient to pay
<br />taxes, aa~:saments, insuratce premiums and grouaul rents a: they fall due, &lrsrnxer shelf pay -to Lender
<br />anc amount necessary to make up t}te deficiency within thirty days- niter notice Gum Fender to B:umwer
<br />reyueating paymenC thcxeof, or Borrower shall, by an increase in monthly installmen#s of-Funds required,
<br />renily,the cleficency~ within the Feard gecountirng period.- ,
<br />tJfx~n pa5anent in fall of all earns ~eureEl by ibis Mortgage; L€rader-shall apply Funds held as a credit
<br />against ail .ur;F due:
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