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<br />
<br />lNalv~auAL
<br />au1E dN SALE
<br />dPTidNAL FfJTURE ADVAOtiG>`S
<br />SAYINC,S FUNa
<br />f:oseM Pda. 720
<br />Loan ~lumber__4057Q_-- _118:--g.~_n
<br />~ ~ ~ ~ ~i ~ ~
<br />mcrra ~snu~ta~i~F -r„sede snd ~ecuted this ..._..
<br />.,~~., ....,._ ~ ~__M~, v}.....-._........ day of - `'~ f ate=..._ - - -- A.g.,
<br />19_~.`I---, hetwe€n the Mortgagor, -.....~aY-~~.-K,,_.llul~k~,as..and. Dlaut?~...~,--.Hun'~c~n~,..-tt~~Qa~1u._.a.,u~---.......
<br />wiffi>--1czlAaf.y..-:}~ad..gg.~h..~.1~.-ibe-?,x, own. rightx - - ...... - - -- ------ ---..-.° - -_...-------- ---- ----------------
<br />of -...~raitd._I-elan„d-...._.-, County of _.-..._gaa.l- -........__.-.- ., State ai ..Ng3~raska..-.-..-, hereinafter referred
<br />to as the Borrower, and the Mortgagee, FIRS f' FEDERAL SAYINGS ANI) LOAN ASSOCIrtiTIO3'=T OF
<br />LINCOLN, 1235 `=N" Street, Lincoln, Nebraska 6851;1, its successors and assigns, hereinafter refernc~l to
<br />as bender.
<br />~£CNE3SET'i3: That the said Borrower for and in consideration of the sum of _.~Ili•~-P1YE..,._.:._.
<br />....'L'li~tls#tNP. Q.riE,.HiJNBRED.RND.-NOJ 140--°-----.-------°-.-.---~oi'=ars (US ~-- ~.~.,.7,QQ.,.QQ -- -......-_.._)
<br />paid by raid Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br />fallowing described property located in the County of ....-...Ha12_ ......................... State of Nebraska:
<br />Lot-Five (5), Block Forty-Six {46), Russel taTheeler's Addition to the City
<br />of Grand~sland, Hall Gounty, Nebraska
<br />T6GETHEI; with all the improvements now or hereof#~er erected on the property, and aII easements,
<br />rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, Ovate,, water rights, and
<br />water stock; and all fixtures now or_hereafter attached to .the property, a$ of which, including replace-
<br />ments and additions thereto, shall be deemed to be and remain a part of the property severed lay- ttr*~
<br />Mortgage; and all of the foregoing, together with said property tarrhe leasehold estate in the event this
<br />n~v~gage is oit a leasehold; are herein referred tv as ±he "Pro ~t~"
<br />~---
<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 will
<br />warrant and defend generally the title to the Property against ail 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 />scaring Lender's interest :n the Property, or (2) attorney's opinion of title from abstract of tine certified
<br />by bonded abstracter.
<br />Pxovu~sn always, and these presents are executed and delivered upon the following conditions, agree-
<br />ments and obligations of the Harrower, to-wit:
<br />The Borrower agrees to pay to the Lender, ar order, tlse principal sum of __7:HII~X-FI.Y.E .......:...........
<br />._.TH~IISANII-.ONE-D..dI~D_.BD%1D.0-..---'-----~--__...~_--.~'~oilaxs (US ~...353-I.IIII.90....-----...:_.--)
<br />payable as provided in a note executed and delivered, concurrently herewith, the final payment of principal,
<br />if not sooner paid, an the ....__.-Rirst- -_. day o# --.2=farcl} --~-~-- ---_....---.._-..,'.~- ZODS
<br />L7zvrposvt COYEN.ANTS. Borrvwer and Lender rnvenant and agree as follows:
<br />1. Pcrymec'sf of FrinesF,ai and iatarest. Harrower shall gromptiy pay when due- the principal of -and. in-
<br />terest on the indebtedness e~zdenced by the Nate, prepayment and fate charges as provided sn-.the Note,
<br />and the principal of and interest on any Future Advances secured he this Mortgage.
<br />2. Funds for Taxes and frxsurance. Subject to Lender's option under paragraphs 4 and 5 hereof, Bor-
<br />rawer shall pay to Lender on the dap monthly installments of principal and interest are payable under the
<br />Note, until the Note is paid in full,. a sum (herein "Funds'*) equal to one-twelfth of the yearly takes and
<br />assessments which may attain priority over this l~lortgage, and ground rents on the Prvperty, if any plus
<br />one-twelfth of yearly premium instt*1lments #or hazard insurance, plus one-twelfth of cearly premium in-
<br />stallments for mortgage insurance, if any, all as reasonably estimated initiallu and fmm time tv time by
<br />Lender oir the basis of assessments and bills and reasonable estimates thereof, F,2nder shall apply the Funds
<br />to-pay said taxes, assessments, insurance premiums and ground rents. Lender shall make no charge fcr so
<br />holding and appP}Ting the FnndB or verifying and compiling said assesseisents and bins. The Lender shall
<br />give to the Borrower;-without charge,: an annual accounting of the Fends-showing credits and debits to the
<br />Funds and-the purpose fur which each debitta the Funds was made: The Funds-are pipdged as additional
<br />secc!rity 'for tl- ~ sums secured by-this Mortgage. The Borrower agrees that the Funds may beheld -ley the
<br />Len;3er an:l comm;n~leci with ether funds and the Lender's awn funds and the Lender may pay suds items
<br />irii[il i15 ori~sa funds anri tide I;end~ shall. not be- liable far interest ot_:dividends on'-.such Futsds. ~ - . - - -
<br />If the aanount of the rands held by Y~n~, together with the` future monthly installments of F;zads
<br />payable pa:vr to the due dates cf taxed. ts, insurange prerstiunis sad ground rents,.shall exceed
<br />` the. amount reQuirc~t to pay slid taxes; aea~ments, insurance premfums atsd ground rents as-they fall Sue,
<br />such z.cc a _al- i~ hf , a Bor;cwer's o either- prarsptlY repaid to Earrow$r ar credited to- Borrower ez;
<br />rnotsthly instafln,r~.:ts c,f Fuisds. If the amount of Lhe.Funds lseld by Lender slsall eat he sufficient to paY
<br />taxes, assessments, u'asurance ptelRiiums and ground -rents as tixey faA'dare; Sarrower shall pay to Lender
<br />any amau*sr necessary to rx~Ice up the defls~ney wit3ri~i thirty day€ after notice frorrs Lender to $ormwer
<br />requesting payment thert:vf, ar Harrower nhall, -by an iiscrease in monthly iasstaUmenLs of Funds required.
<br />repay the deficiencywitksinthe Fend accounting-period.
<br />llpan payiuent in full of all sums secured:-by tfs:s Mortgage, Lender shall apply Funds held as a credit.
<br />against aII. sums due.
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