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<br />IND{VIDUAL
<br />DUE ON SALE
<br />OPTIONAL FUTURE ADVANCES
<br />SAVINGS FUND
<br />FORM No. 720
<br />Loan Number_4085Q____-_1$$__ __B 1~_h
<br />73- Ut~~75~
<br />M O R T G A G E
<br />THIS MORTGAGE, made and executed this .........30.........._....... day of _.-._March.........__._._._ A.D.,
<br />19...7.., between the Mortgagor, .%arl.E_-.Su~eei.,-. a_single.-person-and..ALthur...Ilale.-SwQet..and-
<br />tllga.Anna...Sweet,-.husband.-and..wi£a,.-jointly..aud..sQV erally..and..each..in.. tlieix...own..zi,ghS
<br />of -...fsrand..Islaad.-_...-., County of -_H.all....-..__......._._...-, State of Neh>;aska.....---.-, hereinafter referred
<br />to as the Borrower, and the Mor#gagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br />LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to
<br />as Lender.
<br />1VrrxrssErx: That the said Borrower for and in consideration of the sum of ...NINETEEN-.THQUSAND
<br />TH}3EE_.HIINDItEQ-.FIFEY..ANIl.-N(11.1A4r._---c-.--°rr---c-r.---rc-..Dollars (US S.-.19.,.35Q..OQ-------------------)
<br />paid by Baia Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br />following described property located in the County of -...Hall_ .............__..........., State of Nebraska:
<br />The Northerly One Half C~ of Lot Q-~e <1), in Block Five <5), of Gilbert's
<br />Aeidi.t3aee to the City of Grand Isl:std, Hall Cotrtty,Nebraska
<br />TocfTxsa with all the improvements 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 stuck, and all fixtures now or hereafter attached to the property, all of which, inc}uding reptace-
<br />ments and additions thereto, shall be deemed to be and remain a part of the property covered by this
<br />A~tgage; and all of flee foregoing, together with said property (or the leasehold estate in the e~~nt tlei..
<br />I~riortgage is on a leasehold) are herein referred to as the "Property".
<br />Borrower rnvenants 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 eenencureebered, and that Borrower will
<br />warrant and defend generally the title tce the Property against all claims and demand.,, subject tc any
<br />esse>~nts 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 />Pttovrosa At.wwvs, and these presents are executed and delivered upon rue following rnteaitions, agnee-
<br />seents and obligations of the Borrower, to-wit:
<br />The Barror-*e3 agrees: to pay to the Lender, or order, the principal sum of btLNT;"TEEN..THffOS~.-..._..
<br />-.-PI]';'TY-.b]f11--Ni)1-li1D-.---------._----.-c_----Dollars (L'S ~-i4,3Sil.Of1-.--.____-.-.--.)
<br />prayable as provided in a note executed and delivered, concurrently herewith, the 5nst payment of principaf,
<br />ff not aaoaeer paid. on the _.lst . -- -day of .-... - ~z;ri2. _. _-_- ._-__., il. ?QQ~
<br />L;a-rFn~ Covt:rawxrs. $arrvaa•r sad Leader cavensat. and agree as follows:
<br />1. Prasm~! c3 Pziacipcrl msd Iater+sst. Barr+ow°er shall promptly pay when due the principal of and in-
<br />teres# on the ittdebta+dteess evideacY+d by the \ote, prepayment and late charges as prmided in the '\ote,
<br />atxf the principal of and interest oa any Future Adtianr~ secured by this Mortgage.
<br />2 Fuadr iaa Imca*s ®d Subject to Lender's option under paragraphs 4 and S hereof. Bor-
<br />rvraer shall pay to Lender oa the day amrtthly installrreertts of principal and interest are payable under the
<br />:dote, tmtrl the Note is psid in full, s sum (hereue "Funds") equal to one-twelfth of the yearly taxes and
<br />amts >srhieh rosy attain privity over this Mortgage, and ground rents on the Property, iF any plus
<br />aere~twelfth of yearly p~t'emium installmereta far hazard ~, plus one-ttic-elfih of yearly premium in-
<br />st~ for mortgage itrsttrana~ if anj;, all as reasonably estimated initea3ly and from time io time by
<br />I tts the basis of texts sad btHs and reasonable estimates thereof, Lender shall apply the Funds
<br />to pay ,ss>d #s, isacr*anoe premiums and ground rents. Lender shall Hocks na charge for so
<br />ash sFP;Y~ ;he F~ or ~ ~ ~topiling a-sid amts and billx. The Lender shat!
<br />grvc tar the Ba~rrawer; withoat charge, as arueva! accounting of the Fonda shawireg e~erfiLs and debits to the
<br />Ponds sad fhe purp~e for +rhi~ each d~it to tdse ~nda was made. The Funds ere pledged as additional
<br />aeeatidy for the s®s see=artsd by this fie. 'I'be Borrower agrees drat the Funds may be held by the
<br />I.rrsder asd with atbet irtade sad the Le~der'c own funds and the Lender may pay such items
<br />letrm iris oes frs>da ark the ahtlt sot be liabae &rr interest or dividends on such Funds.
<br />2i .t ~ tie ;F~Sds held by L~r, ~ with the future monthly installments of Funds
<br />pie peist to t~ ahra d~ttea ~ twsea, asee~eaesta, iastnsace mums and ground rmta, shall exceed
<br />t~+e a rod la said tt~ses, aaeeea~ta, irtetwrasoe pr~ruvas and ground rents sa they fall 3ve,
<br />aneh staaesa s}6a~ ~ at t'a , either psamgtly tce Borrower ar credited to Borrower on
<br />ref Frse~. If the amsxrat of the Funds by Lender shall not be su(ficiert to pay
<br />ta3cs>;, eta, atnuascw p ttrid ground rata as ~y hell due, Borrower shall pay to Lender
<br />any asrwraat toecat~y tva makx ~ tI~ y within thirty days after Mice from Lender to Borrower
<br />retp pggmmt . or He>zt:o+rns shall, by are increase in monthly installments of Funds required.
<br />--~-~ ~^T wi~~ t~ as~sg ,~"r-
<br />Upoa payre~t ire.fetll of All moos aecvred by this Mortgage, Lender shall apply Funds held as a credit
<br />sgaiast aIf sums due.
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