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~1 lNa~v~oua~
<br />,~~y' ~'l DIfE ON 5At_E
<br />`~ 09'TIONRtL FUTURE aCV14NCES
<br />~ SAVINGS PlJNf3
<br />Foaat No. 720
<br />^ Loan tiurnber___ 3032__-_ 188__ _ 2- __
<br />rroc e`.on«
<br />4l~iC3RTGAGE
<br />THIS MORTGAGE, made and executed this- -------------~.~G?-..---.-_..- day of ...... mod`"':` "'^~`~............ A.D.,
<br />1R..~~.._, between the Mortgagor, -.-.Dgnald-~...Sch*~e~er„and-,Cheri..A,.. Schwieger,. ~usband...aad.
<br />,,,wife.,.. jointly--and__each._ in_.their.-own__right,.,..,-,--
<br />of Graxu3._Zsla~3d-------------- County of -.-.---.-. Hall-......_-....-., State of Nebraska........., hereinafter referred
<br />to a, the Harrower, and the Mortgagee, FIRST FEDERAL SAVINGS ANL* LOAN ASSOCIATION OF
<br />LINCOLN, 1235 "N" Street, Lincoln, Nebraska 58502, its successors and assigns, hereinafter referred to
<br />as Lender.
<br />WI1^-3ESSET`A: That the said Borrower for and in consideration of the sum of .'lT?.-FfVE.-xFl_9JSANB - -
<br />...-.TWO..Ii[T7DREi).AZ•7D_N©j10(1----------------r---°-°-----~oL'ars {US ~--2S~20Q,-OQ--..-..- -----....}
<br />paid by said Leader, -does hereby mortgage, grant and convey to Lender, its successors and assigns; the --
<br />fallowing described property located in the County of ____-__----__->~~1_-._.-,-_._-_-, State of Nebraska:
<br />Lct Thirteen (13} Block "C" in Parkview Subdivision an Addition to the City of Grand Island
<br />Ha11 County, ':~braska located in the Northeast Quarter {NE};) of Section 29, and the
<br />Northwest Quarter tNw~t) of Section 2S, a13 in Township 11 North Range 9 West of-the 6th
<br />P.Ai., Hall County, Nebraska
<br />TOGETHEa with all the improvements now or hereafter erected on the property, and all easements,
<br />rights, appurtenances, rents, :~yalties, mfneral, ail and gas rights and profits, water, water rights, and
<br />water stack, and alI Mures now or hereafter attached to the property, all of which, inelud9ng renlaee-
<br />ments additions thereto, shall be-deemed to be and remain a part of the property covered by this
<br />Mortgage; and all or the foregoing, together with said property {or the leasehold estate in the event this
<br />Mortgage is oa a leacehald) are herein referred to as the "Property".
<br />Borrower covenants that Borrower is lawfisliy seised of the estate hereby conveyed- and has the right
<br />to mortgage, grant and convey the Property, that the Property is unencumbered; and.- that. Hormwer-will
<br />warrant and defend generally the title to the Property against all claims and demands, subject to anp
<br />easements and restrictions listed in a schedule of exceptions to coverage in any title insa3'ance police in-
<br />s~.uing Lender's interest in the Property, or (2) attomep's opinion of title from abstract of title-certified
<br />by banded abstracter.
<br />P$OVIaEII ALwavs, and these presents are executed and delivered upon.the following conditions, agree-
<br />ments and obligations of the $orrower, to-wit:
<br />The Borrower agrees to pay to the Lender, or order, the principal sum of .TWI;N~-)?-.xilt31ISA1~.2...
<br />_.TfdO..H.iIIdDBEU.-A1~3..I~T4lkOSJ--.------------------------.Dollars {US 8_..~5,_~S}0..{3Q.----..-....-.----)
<br />payable as provided in a Hots execrated and delivered, concurrently herewith, the final payment of principal,
<br />if not sooner paid, on the ..F-i.rst----------.. dap of .-.-.F3ecember ................----._, 3s'If_2f1i17
<br />Uxc~osas COY~NAN1'S. Borrower and Lender covenant and agree as follows:
<br />t: Payment of Principal and Ian#are~. Borrower shall prosptly gay when ds=e th€ grinsipal of andm-
<br />terest oa the indebtedness evidenced by the Note, grepaynsent and late charges as provided in the Note,
<br />and the priiicfpal of and interest on any Future Advances secured by this Mortgage.
<br />2. Funds foi Taxes and hssgc~mc+e. Subject to Lender's option ender paragraphs 4 aa[&5 hereof, Bor-
<br />rawer shall: pay to Lender on the day monthly installments of principal and interesS Sre payable under the
<br />N€~te, until-the Natz is paid is ftsL, a sum {herein "Funds"} equal to one-twelfth of the yearly taxes and
<br />sasessments whfeh riiay attain priority over this 14Sortgage, and ground vents an the Property, if any Plus
<br />one=twelfth of yearly gnemfum iristallaients for hazard insurance,-pins one-twelfth of yearly premium in-
<br />stallments fctr mortgage ~psuraace, i£ any. all as reasonably estimated initially and fruai time to -time by
<br />Lender on ttie basis of assessments and bills and rnasaneble estimates thereo€; Lender. shall apply the Farads
<br />to-pay sairY tales, assessments, irtsuranee premiums and grannd n?nfs. Lender shall eke ao charge- for sa
<br />hntding and applying the Enrols or verifying and campiling_said assessments and bills. The Lender shall
<br />give io fhe tsor.-ewer, without charges an annual deeoturting iif the Funds showing credits-and dzbits to the
<br />Fnrtds and'tiie purpose ftrr whfcia each debit tti the Funds was mai3e.-The Fends are pledged as additional
<br />security for t:he sums secured by-:this Moi:tgage: The Borzovrer agg2es'-that the Farads may, bt: held by the
<br />Lender and cmm~iingled vulfh other funds and the Lenders-own #unds anti the Lender:nay pay. such items
<br />from i:s oNn funds and the Lerzrlex shall Hat be ifahle for interest or dividends nn such Funds.
<br />if the amount of the l=ands held by Lender, together with the. future monthly installments of Funds
<br />4 lsayable prrr tr, the due :fates of taxes, assesnmeeeiie, insurance Premiums sad- ground'reats, shall ex€~ed
<br />the amount required to pay said taxes, assessments, insurance prerriivcna sad "gzbusui rents as they fail: due,
<br />such exc~?s sbalI he, at Borrower's option, eittrer prorriptly ta: 3Barxswer or ta'edited to T#ornower on.
<br />moatHly in.stsRme>afs of Funds.. If the smauni of the l~unds~ld by Lender shall Hat be sutftcient to pay
<br />tax~~, ass~5mert}s, insurance p'°°eems and grannd resrirs us they fall due, 13ormwer shall ~y to Leader
<br />any ansaunt necessary to looks up the deficienoy within thirty days a#tcsr notices frarn Lender to Borrower
<br />. regnestiag paytuent ttzereof, ar Horrawer shall, iry nr. #ncrease fn monthly installments of Funds required,
<br />repay-the deficiency within the Funcl'accountin$.period,
<br />Upon payment in full of all sums secured by-this Mortgage, I,endet shall apply Funds held as a credit
<br />agaii~t all suns clue.
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