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<br />;~~ ~v D°a3E i3N SALE
<br />~~ 11 ~~TIONAI_ ~Lf7l3F2E ADVANCES
<br />SAVINGS t=UND
<br />s FORM xo. 724
<br />Loan Number. k03b9 ___-__188 _-__1-__
<br />- - - - - -TYPe 8,an[M1
<br />7~~ ~~:~ ; ~ 82 M t) F2 ~ ~ ~ ~ E
<br />THIS MORTGAGE, made and executed this .-._.lst__ .............. day of .--__--.--Max-c-h._._--...--.---_-. A.D.,
<br />19-_.7~.., between the Mortgagor, --.Lasrg_.I....Bro~rnell..and.-.Issdy_...3-,_.BXO~rnel.l.,--.Itusb~nd..and...:......_
<br />..----~'ifea---io~tly..and--eac€~, in-their, oc.*n,right.~..__...-------------------------------------.._-------------------•------
<br />of ...~r'.and..Island,_,._...., County of -__..,_.li~~~,_........_......._, Stato of .. Nebra~ka...•_., hereinafter referred
<br />to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br />LINCOLN, 1.235 "N" Street, Lincoln, Nebraska 68501, its successors and assig_ ns, hereinafter referred to
<br />as Lender.
<br />WaTxzsstrrH: That the said Harrower far and ir. consideration of the sum of __T~NT_`j-~~~..__._...._.
<br />-----~OU~sAND__AND..Nd(t00-------°-----°.-----.----...--'----.--Dollars {US$-...~S.xQQ9..QQ....------°----)
<br />paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br />following described property located in the County of ..... Ha)-.1------°------.-----------> State of Nebraska:
<br />The Southerly Seventy-Nice Feet {S 79') of Fractional Lat Six (5) and the Westerly
<br />Half of Fractional Lot Seven (7} in Fractional Block Fortp Eight {48} in Russell
<br />Wheeler's Addition to the City of Grand Island, Hall County, Nebraska,and its eorsplements:
<br />Fractional Lot Six {6) and the Westerly Half of Fractional Lot Seven (7} in Fractional
<br />Block Seven (7) in Gilbert's Addition to the City of Grand Is~.and, Hall County, Nebraska
<br />Ta:eTxsa with all the improvements now or hereafter erected on the property, and alt easementx,
<br />rights, appurtenances, rents, royalties, nvneraI, ad-and gas rig;:ts-and profits, water, water rights,.-and
<br />water stack, and afi fixtures now or hereafter attached to the property, all of which, including replace-
<br />menu and additions thereto, shaII be deemed to be and remain a-part of the pmnerty covered by this
<br />Mortgage; and all of the foregoing, together with said property {ar the leasehold estate in the event this
<br />Mortgage is on a IeasehoId) are herein referred to as the "Property".
<br />Horrower covenants that Borrpwer 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 wi:'
<br />warrant and defend gen~taliy the title to the ~s'roperty against all 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 banded abstractor.
<br />Paovrrtsn As,wnvs, and these presents are executed and delivered upon the following conditions, agree-
<br />menu and obligations of the Borrower, to-wit:
<br />The Harrower agrees to pay to the Lender, or order, the principal sum of ._..~..rN?~-:ZrIY),..'.l'1.IOU$~?I.2
<br />- ._A#~?..NO(1©0------~°_--_-.---°-----------_---~ -Dollars {US $-.._25x040,.44--- -- ---_._)
<br />payable as provided in a note executed and delivered, concurrently herewith; the final payment of principal,
<br />if not sooner paid, on the .__-..1st....------- day of . .............March _.._--.., ~-.2AC29
<br />UNTFCSRM CovsxnxTS. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal and Iaferest. Borrower shall promptly pay when due the principal of and in-
<br />terest on the indebtedness eviaGneed by the Note, prepayment and late charges as provided in the Nate,
<br />and the principal o€ and interest on any Future Advances secured by this Mortgage.
<br />Z. Funds for Taxes and lasusmsee. Subject to Lender's option under paragraphs 4 and 5 hereof, Bor-
<br />rower shall gay to Zander on-the day monthly installments of principal and interest are payable under the
<br />Norte, until the Nate is-paid in full, a sum {herein "Funds") ecjual to one-twelfth of the yearly taxes and
<br />assessmenfs which may attain priority over this iyfortgage,-and ground rents on the Property, if any plus
<br />- one-twelfth of yearly premium instalIznents for hazard insurance, plus one-twelfth of yearly premium in-
<br />= stallments for mortgage insurance, if any, all as reasonably estimated initially and from time to time by
<br />Lender on the basis of assessments and b7ls and reasonable estima#~ thereof,- Lender shall apply the FSxnds
<br />to pay said #axes, assessments, insurance premiums and ground rents. Lender shall make na charge for sa
<br />holding and applying the Fuaids or verifying and. crompiling said assessments and bills: The Lender shall
<br />give to the Horrower, without Charge; an annual accounting of-.the Funds-showing-credits and debifs to the
<br />Funds and the purpose 3ar which each debit to the Funds was made.. The Funds are pledged as additional
<br />aecui=ity for t3xe sums secured iix this Mortgage. The Bcrrmwer agrees that-.the Funds may be-held by the
<br />Lender and coznminglQd with'-other fonds-and the Londe;°s own funds atxd-the Lender-may pay: such items
<br />from:its own-funds and the Lender shall not be liable for interest or dividends on sueh.Funds.
<br />If the amount of the Funds held lay I,,ender, #,pget#ier with the;£uture uric nthly installments of °Funds
<br />I ~yntsle prior to the doe datea of taxes, asse~ents, insurance premiums and grottncf r~ertts; slseil exceed'
<br />~ttce amoa:rt required to « Said taxes, sssessments, insurance pry and grc+und rents as-they fall due,
<br />such etcess shalt be, at S¢rrower's option, eithex pi±+mptly : egsid tQ B~rrcw-Er ar credited tea, Borrower an
<br />- enrntthiy insrallme;iita of Fauids. If the arnaunt of the Fune~s held lij= T:~itder slxall-.not be sufficient to-pay
<br />taxes, asscmertts, insurance pretnixuns and ground rams as they, fall due, Harrower shall pay to Lender
<br />any amount necessary- to make -tip the defncienc„ within thirty days-after notice from Lender to Borrower
<br />requesting pa -ant thereof, or Borrower shall: by an increase in monthly installments of Funds required,
<br />- repay the tlefir`~ienCy within the-Fund $cCaunting period.
<br />Upon payment in full. of all soma secumd.by-this Mortgage, Lender shall apply Funds hale! as a credit
<br />against all sums due.
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