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<br />T~iiS ltrIORTG ~.GE, made and executed this .-----------------------~~day of .;~.`r~-~P~?a.~~=~.:..... A.L?.,
<br />19._,f~-~, between the Mortgagor, -~$.~Y..W..-Lx~ft,-and..-Dona,.R,_-~,uft.,husband..and.wife,Ear~_Ja..Eardy
<br />arid.L4uda_R... fiar3y,i~usirand...arid_.wife.,__jg#.ntl~, and each in ti~eir own_ri,ght.,_ ... -_----._......
<br />of _-C-rand.-:s>and.-.-._...., County of . ..---.._Hall......__......, Stag of .-Btebraska.-..--., hereinafter referred
<br />to as the BorFCwer, and the b4artgage2, FIRST FEllERAL SAVINGS A.I3£3 LOAM ASSOCIATION GF
<br />LINCQLP.', 12:15 "N" Street, Lint:oin, Nebraska 68501, its successors and assigns, hereinafter referred to
<br />as Lender.
<br />R~zTxsss€rx: That the said Borrower for and in consideration of t;,e sum of ...SIXTY-N_~NE_-T~OIISAND
<br />....-..TW~..tl~-DY~E37.tti.1~..-1tlfI~-1~1U_~.~~e~~_~~~~,~_~~~~_~~~~~..~.~.~~°.:~iUliL4T`u' IUiJ'J--'Y 7~YV..YY ...................}
<br />paid by said Lender, does hereby mortgage, grant and convey to Lender. its successors and assigns; the
<br />faIIowing described pmpert_v locatkd in the County of ._.....~~~...-. _._-_..-.......-_., °tai:e of Nebraska:
<br />The Easterly One Half (E'~) of Lot One {I) and the Easterly Sixty Six (E66) #'eet of the
<br />Northerly Thirty Eight and Faur Tenths (N3$.~) feet of Lot Three {3), Hlock Six (6),
<br />College Addition to West Lawn, an Addition to the City of Grand Tsland, Hall County,
<br />Nebraska
<br />TacE~rxEa wiih all the i~+zpmvements now or hereafter erected on the property, and all easements,
<br />rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and
<br />water stock, and all fixtures now or hereafter attached to the property, all of which, including replace-
<br />ments and additions thereto, shall lse dammed to he and remain a part of the property caver~l by this
<br />Mortgage; and all of the foregoing, together a~th said property {or the leasehald estate m the event this
<br />Mortgage is on a leasehold} are herein referred to as the "Property".
<br />Borrower covenants that Borrower is lawfully 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 Borrower wilt
<br />warrant and defend generally the title to the Property against alt claims and demands, subject to any
<br />easements and restrictions listed in a schedule of exceptions to coverage in any title insurance policy in-
<br />suring Lender`s interest in the Property, or ('2} attorney's opinion of title from abstract of title certified
<br />by bonded abstracter.
<br />P#a;'[c~tL'- Arty=,k_ Ind tht~: oresents arc €xtacutQd and delivered nr,on the foilowin+~ c'onditio;~. a„~lree-
<br />r~t~~ a=id =?hL~g~tions of 'l:€ Bor:~aw~~r. az..~vit: .. _
<br />~~~ ~~~ie~c~ a~~_ '`° tai t~~e i~itder-, ":e`r :irder, the 3e~.[s€;i~ru ~tiin of ~_ r _ 4
<br />rte- r 1•' p~ --".~€at *-t~.aa.~ae...lx~~x_~-...
<br />- - - __.._.»~or--.."-,-"'_-i7oLlar5 lt_',_s :4 ~~`a'~TV,Vu--.- -~ -- .....,..}
<br />s,raru hire ?~~u - t.~~_~_
<br />payable as provided in a note executed and delivered, concurrently herewith, the fi~pl0~ayment of principal,
<br />if not sooner paid, on the .......~irs.t._.. day of -._... MeX. ___........... ._ ... , ~_.......
<br />Lxtvosts4 Covsxwia~rs. Borrower and Lender covenant and agree as follows:
<br />1. Payaxent of Frincigai and latereai. Bozz°ower shall promptly pay when due the principal of and in-
<br />terest on the indebtedness evidenced by the *`ote, prepayment and late charges as provided in the Note,
<br />and the principal of and intrr~t tan any Future Advances secured by this ;tifortgage.
<br />2. k'undtt for T~~ ~d I~su~B_ S3b;et~t to Lnder's optian under paragraphs 4 and 5 hereof, l~sr.
<br />rower shall pay to Lender on the day monthly installments of principal azzd intrrest are payable under the
<br />Note, until tlse Nate is paid in full, a corn therein "Funds"} equal to one-twelfth of the yearly taxes and
<br />assessments avhich n;ay attain priorityy> over this Mortgage, and ground rents on the Property, if any plus
<br />one-twelfth of yearly premitam installments tar hazard insurance, plus one-twelfth of yearly premium in-
<br />stallznenta-far mortgage inse:ranoe, if and, all as reasonably estimated initially and from time to time by
<br />Lender tin-the basis of assessments and bills and reasonable estimates thereof„ Lender shall apply the Funds
<br />tfi>. pay said taxes, assessments, insurance premiums and ground rents. Lender shall make no charge fox sa
<br />s iialdm(I aid aps~lyzng tkie i~uncla ar verif}zng-and campitng czaid assessments arnl bills. `i'he Lenelf:r shall
<br />: gave #.,:n- th4 l~r„ wi~tsut Thar; g:. a=nriual ~tco;tin~ df the Fand~ sl;vu~ ng erodit~ and debits *~ t~~
<br />-_ Funds and the put~xtse far which each debit tti th=^ Funds was made. The Fonda are pletlgetl as additional
<br />u° minty #tir a aun~ soured by thin Mssrtga~e. The Borrower agrees-that the Funds may be held In tlse
<br />'-° ie$der arzd comxniugl$d with -other #ands aftd th$ Laiader's own funds and the Lander may pay such items
<br />from its own f,.enda and the Leader shall eat.-lie liable. far intermit ar dividends on such Funds.
<br />Tf an,ouat ~# tae: Fund» hail by L@nd~r, -Nether with the future monthly installments of Funds
<br />payc:l>le prior to the due dates of leads, ts, usur&nce pr~niums and graund rants„ shall exceed
<br />. -the arquunt required to pay said ta~aa, ts, isaauii~ftiee pt+amiums and ground rents as thc+y fall due,
<br />such esces.~ chalk lsa; at Harrower"s aFstit-a, eitlxir promptly tt+ Borrower or creditrd to Harrower on
<br />tnout.hly installments o~ Funds. If tPze anxczunt of the Funds by Lender ahaii not be sufficient to pay
<br />ta~e~ a,-~ ==ate, ire. px~ras snd° gmzd Fan#t as y fall dua, Harrower shall piiy tQ Lender
<br />~~, u„ ~~;,t HE=y to `m~e uTii cue denciatt~y ~isiiia y days after notice from Lender to Borrower
<br />ia:qu~;,xiK paypenii tneregf, ar i~srrritver sha['i, €ry an 3nerease in m©nthty installments of Funds required,
<br />I7pon payment itt full of all suing secured by this Mortgage, Lender shall apply Funds held as a c:redi(.
<br />against all bums due.
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