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<br />~_ -,~~ auE aN sAL~
<br />~~ ~ t7P"TIONAL FUTURE
<br />SAVING.^~ FUND
<br />~oxra Ho.720
<br />
<br />AdVANCES
<br />Loan Number_4tJ57§____ ~__188_~___1_
<br />- rroe e.a~cn
<br />
<br />THIS MORTGAGE, made and executed this .---3 ........................ day of .-..,..?3~,x'~Y?.-.,....-------_ -. A.D.,
<br />39..-.I~.., between the Mortgagor, somas- J.-.Millers.. a..singlg_.gereon.__-____-------------------------------......-
<br />of _..~rand._ Feland----.--.., County of ..Hall ..-...._----------------- State of .- Nebraaka .. - ,hereinafter referred
<br />to as the Harrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSflCIATIflN OF
<br />LTNGflLN, 1235 "N" Street, Lincoln, Nebraska 68542, its successors and assigns, hereinafter referred to
<br />as Lender.
<br />~IxNE3SETH: That the said Borrower for and in consideration of the sum of .k'lis~'...S1:37I~L..TAf21lSAND
<br />-.~74_A.U,lLR4..A1~..IiQ1100--r.--rr--°----------.r.-r.--°crrc.--Dollars (US $.-...SZs20Q.fjf3--.---.._.._...)
<br />paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br />following described property located fn the County of -.....-.-Ii?:1.7,._-_-_ .................. State of Nebraska:
<br />Lot Twenty-two (22}; Bieck Two (2}, Continental Gardens, an Addition to the City of
<br />Grand-.lsland, Hall County, Nebraska
<br />TocsxxES with alt the improvements now or hereafter erected on the property, and all easements,
<br />rights, appurtenances, rents, royalties, mineral, nit and gas rights and grofrts, water, water rights, and
<br />water stack, and all fixtures now or hereafter attached to the property, alt of which, including replace-
<br />ments and additions thereto, shalt be deemed io be and remain a part of the property covered by -this
<br />Mortgage; and all of the foregoing, together with said property for the Leasehold estate in the event this
<br />Mortgage is on a Leasehold} are herein referred to as the "P:r3perty".
<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 all claims and demands, subject. to any
<br />nasc-martts and restririions listed in a schedule of exceptions io coverage in any iitIe insurance -policy fis-
<br />suring Lender's interest in the Property, or (2I attorney's opinion of title from abstract of title certified-
<br />by bonded abstracter.
<br />Peovtosa ALwnys, and These presents are executed and delivered upon the fallowing eenditfons, agree-
<br />ments and obligations of the Borrower, to-wit:
<br />The Borrower agrees to pay to the Lender, or order, the principal sum of ..._..FI~_s~~'Y.i~t.-TIi9l7SAND
<br />24iD..HtINAR>al2-.ANA_13A1.3.Q9-rr.-----r.-r..--r--.°-r.--.r.c--.-°-r.~.3ollars tUS ~-_._.~.7..2QQ,.QQ..--.-_.--.--)
<br />payable as protdded in a note executed-and detive_*ed, concurrently herewith, the final payment of principal,
<br />if not, sooner paid, on the _.....-.~-St...-.-.--.._ day of ......._-Mar•eh.....-,--._..----..--, 3~x_2~
<br />UxrFaerz Gavexaxxs. Bormwe~ and Lender covenant and agree as foIlowsc
<br />1. Payment of Principal and 7arexesL Borrower shall promptly pay when due the principal of and. in-
<br />terest on the indebtedness evidenced by the 1Vote, prepayment and late charges as provided in the Note,
<br />and the principal of and interest on any Fuiure Advances secured by this Mortgage.
<br />2. Funds for Taxes and Insurance. Subject io Lender's option under paragraphs 4 and 5 hereof, Bor-
<br />rower shall pay to Lender on the day monthly installments of principal and interest are payable under the
<br />Note, until the Nate is paid in fu12, a sum (herein "Funds"} equal to one-Twelfth of the yearly faces and
<br />assessments arhich may attain priority aver this Mortgage, and ground rents on-the Property, if any plus
<br />one-twelfth. of yearly prernfuxri installments for hazard insut~nce, plus one-twelfth of. yearly premium in-
<br />stallments for iitortgage insurance,sf any, all as reasonabl~,• estimated initially and -from time to tune. lyy
<br />Lender ©n the basis of assessments and bills and reasonable estimates thereof; Lender shall apply the Funds
<br />to pay said faxes, assessments, insurance premiums and ground rents. Lender shall make no charge fcir so
<br />holding and'apgiying the Funds or eerifying and compiling said assessments and bills. The Lender shall
<br />give to-the Borrower; without charge; an annual accounting of the gads shhwing credits and debits to the
<br />Funds and tlxe.puzpose for whirls each. debit to the Funds was made. 'l'he Funds are pledged as additional-
<br />securfty for the sums seettred by this Mortgage. The Borrower agrees tl~.t the Funds may be held by the
<br />Lender and commingled. with other funds and the Lender's own €unds and the- under may pay. such items
<br />from:: its own funds anti the xender shall net be liable for interest or dividends on-such Funds:
<br />Yf the amount of the Fund held by der, together with the: future monthly installmezita of Fniids
<br />payable-pxioi. to the- due dates pf taxes, sments, insurance premiums arid ground rents;- shall exceed
<br />• the snount required .to y said- taxes, asee~anenfs, insurance prerrsiums aril grouaii: rents as they fail due.
<br />sifch exi~r~s :;hall be, at Sarrr~u~e~a optlsttt; ~t prorc~ptly repaid to Borrower ar-credited to Borrower on
<br />rnantfzty lust llmrnt~ of Funds- f[ the amouati of the. Ftutds held by* Lende€ shall not be sucTicient to pay
<br />taxes, .rssessmenta, insurance pi+emiums arxf ground-rernta as they fall dues Borrower shall-pay to bender
<br />any amount siecessary to make up the deficiency within thirty days after notice from Lender to Borrower
<br />rer3viesting payment- thereof, or Borrower shalt, by' an increase in monthly installments of Funds required,
<br />repay The elefzciency within the Fund accountir_e period.
<br />Upon paym~.t in full of all stuns safiured by this n'fortgage, Lender shaA apply Funds held as a credit
<br />against all sums due.
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