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IND6ViDUAL
<br />DUE ©N SALE
<br />OP3lQNAL FUYURE ADVAhiCES
<br />SA\dltVCoS i-RJt+iD
<br />FORM dVO. 72U
<br />Loan Number 37974 -_--- 1$8 t
<br />~~- i1 C1 ~ ~ v 1~`7 ~ ~C i ~a ~ ~ C
<br />THIS MORTGAGE, made and executed thin -----------.f .........:..... day of ----...~,~>s:~f,...ks~.--.--------. A:D,
<br />IS.-~~_, between the Mort gorJEBF.'SY.Br-- S~AA~iY,NF.CiZER A~ JA~tCB S. ST&I~R: h~SBANI3 A~13
<br />&TtFB, sf3iifi'LY ANO F.A III THaIR OWN RIGHT °~_____°-----°-------°-----°------
<br />of Graced-..Island y of ...... F€all.-_,._--.-_-.._.., State of ...Atebraska hereinafter referred
<br />.......---~ Count ..............
<br />to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION E3F
<br />LIN~4LN, 1235 "N" Street, Linco}n, Nebraska 68501, its successors and assigns, hereinafter re#erred .ta
<br />ss Lender.
<br />5frt2x3rsst: That the said Harrower far end in consideration of the scam of .--_~;g~_~?~~gT_~~T~~~
<br />SEVEN HUDWREU AND NO/100----------s--------°---------- ..Dollars (US 3-..-......38700.00 _ _--..-_.__)
<br />....r.- - ..................-----°---..._.-- ------ - - - - - . -
<br />paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors- and assagas,• the
<br />following described- property located in the County o€ _--.:-_~ll-.----.---------=-..-.-, State of Nebraska:
<br />The Northerly Five ENS) feet of Lot Thirteen (13} and cell o£ Lot twelve {I2)`and
<br />Sauth Ten (SIO} feet of Lot Elevea Wolfe's Subdivision in the City of Grand .Island, Hall
<br />County, Nebraska
<br />Tacasxea with cell the improvements now or hereafter erected an the property, and atl easements,
<br />rights, appurtenances, rents, *oyalties, mineral, ail and gas rights and profits, water, water rights; and = _
<br />water stock, and alt fixtures now ar hereafter attached tv the Property, alt of which, including replace-
<br />ments and additions thereto, shall he-deemed to be and remain a Bart a# the property covered t~} _:Yis
<br />Mortgage; and all of c,ce foregoing, together-with said pmperiy for the leasehold estate in the event this
<br />Mortgage is on a leasehold'} are herein re€er-ed to as the "Property"-
<br />Barmwer covenants that Harrower is lawfully seised a# the estate hereby conveyed and has the tight
<br />to mortgage, grant and convey the Property, that the Property is unencumbered, and that Burrower eeill
<br />warrant and defaced generall} the title #,o the Property against aIl claims grid demands, subjeet to spy
<br />sassmc-rtts and restrietinns listed in a schedi-te of saeeptions to coverage in any title insurance poly ire-
<br />suring Lender's interest in the Property; cr (2) attorney's opinian of title from abstract of title eerti5ed
<br />by bonded abstracter.
<br />Paovma~3 ALwaxs, and. these presents are executed and delivered upon the fallowing conditions, agree-
<br />menu and obligations of the Borrower, to-wit:
<br />The Barrawer agrees t4 pay to the Lender, or order, the priac'nal soar of -----THIRTY- EIGH£----------------
<br />_~BQI)S~Itir3}-_S~VE16-HUbSisit£a,U_Al~f3_ NO1100-------.----.------- - Dssliars f%S ~.----.- 38~740.Q0_------•---...)
<br />payable as provided in a note executed and delivered can ntly hereanth, final payment of principal,
<br />if not sooner paid, on the --. First.. day of .... 4ecer ._-,,..2407
<br />UratFaa:+r Co•,~.*anx-2s, Borrower and Lender covenant and agree as follows:
<br />1. Payment of Pzineipsxl and Interest. Borrower shall pmmptiy pay when due the principal df and in-
<br />terest on the inde?~t.~alness evidenced by the Note, prepayment and late, charges as pmt~ided in tfte Rote,..
<br />and the principal of and interest on any Future Advances secured by this :t'iartgage.
<br />Y. Purtds #or Tmces and hrau.-stets. Subject to Lender's option under paragraphs 4 and 5 hereo#; Bor-
<br />rower shall pay to Lender on the day monthly instalhnents of principal and interest are payable under'tlre
<br />Note; untal-the dote is_paid in full, a sum fherenn "Hands") equal to one-twelfth of the yearly taxes and
<br />assessments which may strata priority over this ?tfartgage, and- ground gents on the Property, if any bus
<br />one:tw*elfth flf }early p+~,.,.n.n, iastallmeats far hazard insurances plus one-twelfth of yearly-premium m-
<br />~aia;~p~s~ for mortgage-ins•;atai€t~, if any, .all ac reasonably estimated initially- and--from .time to time lry
<br />Lender on the basis of assessments and buts and reasonable estimates thereof, bender shall apply the Funds
<br />to pay said lases, assessments, insurance premiums and groiL~d rents: Lender shall make no cdaarge for eo
<br />h~ sail appl~-uag- fibs Fonda or verifyixtg_ and compiling said- assessments, aced bills.. The Lender shs3I
<br />~v¢#~ +h~ n~-rn~_r, ~.;t..t ~,ge, ~~; a.,,nu.;.I acxuratingaf tie F~~.ds:.hsnr..ng ~_~ and bits ~.~e
<br />Funds and the ; ur,x~se for which each debit to the-Funds u~as made: The Funds are pledged sg 8ddit3unal
<br />*-efisrit! for the earns s~~red .by A3or;gaga. The Borrower ages that the: Fuzids-maj€ be held ley the
<br />Lecde-~' and can~e~ingie~f with other fitxic~ "and the Winder's civrn ftsnils-and ttie Lender may pay si~m2t items
<br />frntn its awn funds end t;ie leader shall not be liable for interest oi-zlividends mz suet I~nda.
<br />+: '~t~ au~uttt ui i.e s~ ands iaeid by ianaer, iogaihea with. the niiure rrioiail}aly inctQll..+ont~s caf Fn~ds
<br />payable pricer fi the due dates of rates, asseasanents, insurance prenuum4 Snt3 _ground-retire, shall exceed
<br />"the arraourtt mgtired to pay said taxes, axsevsrnstnta, insurance premiums and ground.redts as they fall due,
<br />-such exc..a~:-shall be, ai: Borrowers opption, either pmmpLty d to Bnrrttver or czeditedtA Beit+swer tin
<br />s;onltly installrnents of Funds. if the amount of -the Fuardld by Lender shall not be suffacient to pay
<br />Issas, agse~erts,: insurance prnsniums acid grout d rents as tl±ey fali due, $orrower shall pay to Lender
<br />spy amount nec4ssr.ry to m:,;;e up the deSciencv within thirty da}s sfter dotice from-Lender to Borrower
<br />request~g payrtte3tt ~€, ar F}osrrou~a' shsil, Eby an increase in monthly inatalltt:ents of Funds=required,
<br />repay. the clu5cieticy,withlit the i~und=accounting period.
<br />Upan payrraent #ai full of all -sums secured by ttas Mortgage; Lender shall apply Funds held as a credit
<br />against aU sums due.
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