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INDIVIDUAL
<br />DUE ON SALE
<br />OPTIONAL FUTURE ADVANCES
<br />SAYINGS FUND
<br />Fonts No. 720
<br />~~ Loan Numk~er__ 4041 __-_ 18$ _-1 ___
<br />Type Branch
<br />?9-~3t1175~ MORTGAGE
<br />THIS MORTGAGE, made and executed this ....... 2~........__..-.--- day of ..... ~?'Gh._._..-.-.-.-----.-- A.D.,
<br />19_9_.., between the Mortgagor, ..Rol?ert-,F.-,Slattery_and _Njyrna_.J,_Slattery,.-husband_,and---.._.
<br />wife,. aointly and each _in. their own right, -_- -- -..-- ---•-----
<br />--- -..
<br />of .-._...exx'atld`..],&d...-.., County of ....hall ,State of .Nebraska ,hereinafter referred
<br />to as the Borrower, and the Mortgagee. FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br />LINCOLN, 1235 "Ih" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to
<br />.. as Lender.
<br />WrT!vr~sss~rx: That the sai$ Borrower for and is consideration of the sum of . _T~~~~..-.-
<br />-APU?_.NC/.~,QQ°-.-----------rc-------r.---r_---r. r.-.----r..---r~oIlah tUS $.20~t~Q.,O~... -._...--- °)
<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 -.-.-_ Iia].i.__ ..................----, State of Nebraska:
<br />Lot Seven {7}, Block Five {5), 3e1 Air Addition to the
<br />City of Grand Island, Hall County, nlebraslta.
<br />'Ibct••rt~s with ail the improvements now or hereafter erected on the property, and ail 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 be deemed to be and remain a part of the property rnvered by this
<br />hZortgage; and all of the foregoing, together a~th said property for the leasehold estate in the event this
<br />Mortgage is on a Ieasehold) are herein referred to as the "Propem"
<br />Borrower covenants that Borroaer i, lawfully seised of the estate hereby conveyed and has the right
<br />to ~, gnant and rnnvey the Property, #bat the Property is unencumbered, and that Borrower will
<br />warzaat and defend generally the title to the Property against all claims and demands, subject to any
<br />easements sad restrictions listed in a schedule of exceptions to coverage in any title insurance policy in-
<br />snriag Leader's interest in the Property, or {"-'1 attamey's opinion of title from attract of title certified
<br />by bonded abstracter.
<br />Paovrnru At.wa'rs, and these presents are executed and delivered upon #I,e following rnnditions, agree-
<br />n~nts and obligations of the Borrower, to-wit:
<br />The BorraR-er agrees to pay to the Lender, ur order. the principal sum of ~X._ 7:H~LSc1NI3 ,ill?...--
<br />~ic~----.r..c.-----.-----.--------------------.----.----'-'i~llars (t'S 3--2i?,0{St?xQQ_._.._ - - I
<br />payable as provided is a note ezecvted and delivered, concurrently herex~th, the final payment of principal,
<br />if not sooner paid, on the fYrst. day of ~1pti,1 . 16P~°.
<br />L'xr~x Cr~v~wxrs. Borrower and Lender covenant and agree as follow::
<br />L ~ and Iotst~. BorraK-er shall ptan[sptly pa}- when due the principal of and in-
<br />tere~ on the iadebte{Iness evidenced by the tote, pre~~°ttwnt and late charges as provrded in the ltiote,
<br />and the principal of and interet ~ any Future advances secured by this Mortgage.
<br />3. Fuade liaa Ymeie and Imo. Subject to Lender's option under paragraphs ~ and 5 hereof, Bor-
<br />' shall pay to Lendez on the der monthly iri~.tafhnents of principal and interest are passable under the
<br />Note, ttntr3 the Note is paid is fall, a sum i heron °Funds".1 equal to one-twelfth of the yearly Taxes sod
<br />ar>euts which ~y attain piritvtits• rnvt this mortgage. and ground rents on the Property-. if any plus
<br />one-taaelftis of yearly p~tium mstaIla~enta ftsr harard insurance. pfus one-tzcelfiti of vearly premium m-
<br />atatrts for mortgage iasarraaae, if any, afl as rcx~sonabh- estimated initially and from time to time by
<br />L oa the baste of a ~I biHa and resaoaable estimates thereof, Leader shall apply the Funds
<br />to ply said rases, its, irestuanoe prrsaiums and grouxtd rL'nta. Leader shall make na charge for so
<br />h seed ~ ~ Ftrada ar g and eompi;ing mid amts and bills. The Lender sha!I
<br />to the Borraaaer, rvithont r3targe an anrruat acoountiag of the Funds showing credits and debits to the
<br />sad the purpose far wlss~ each ds~t to the Funds xas made, The Funds are pledged as additional
<br />~ rite aecsuerl by this ~. Tlu Horrower agrees that the Funds may tse held by the
<br />header and l with other futa~e aeul the header's own funds sod the Lender may pay such items
<br />Team its o+ea feuads amd the Linder she12 oat be liable for intar+es# or dividends on such Funds.
<br />irf aegocart d the Irrmds hem by I.and~, tageCiux wiih the future mthly installments of Funds
<br />pgeFa~e-ptapa to the due thttee of uses, mrete, ieastrr~ee peeanirta~e attd ground rents, shelf exceed
<br />#~ as rex~need in y~aard'tausy eta, ink pe~ntraas and grtnrnd rents ar they fafl Sue.
<br />w~ esenna ~ at - a trptim, either mp#3y rid to Harrower or cn~iited to Borrower on
<br />ate of f'ugds- Ff arotauat the Fvads fteld by Lender shall not be suffuyent to pay
<br />uses. mtg. iee~uramere atitd grotmd rents as they #all due, Borrower shall pay to Lender
<br />stty nec~enry #o malts ~r the Y within thirty days after notice from I.ender to Hornrwer
<br />egg prymmt t3rereof, ar B+armvear shall, by an increa.4e in monthly insta.tlrrnnts of Funds required,
<br />_" ~ .~~z.~..:7 w•=tf-:~~ ' 1~ Pte-.
<br />Upaa paysgeut Tut tuff of al] saa~ aecrrred by this Mortgage, Lender shall apply Funds held aw a credit
<br />against aU some due.
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