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INDf1d1I~6yAL
<br />~~p\ Dt)E ON SALE
<br />--~/1 OP!TIfJNAL ERITURIE
<br />SAVINGS FUND
<br />- ~ ~ Forth Ho. 720
<br />AD VANGf:S'
<br />Loan Number__4Q$$2___ _ 199__-"___i _
<br />Type B.a~ch
<br />79-~uti1919 MORTGAGE
<br />THIS MORTGAGE, made and executed this ......bth ................... day of ....Apxil-..............-.......- A.D.,
<br />19...7.j...,betweentheMortgagor,...Rop~ld-W._.Tapke-,and-Linda--L.._Tapke,-.hu3Uand dad wife,- -
<br />---°.aS7iutilY---aclsl..~&ch..n--their ,own, right-----... - -
<br />of ... G;aI}d. Island-....-._., County of ........_Hall_---.....__....., State of -.. Nebraska._..., hereinafter referred
<br />to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br />w LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to
<br />as Lender.
<br />W[•ravESSerx: That the said Borrower for and is consideration of the sum of ...FxkTK..QN);l..Tll9.l?St11~N
<br />..ANU.IZOJ.lAO..~-.----.---------.---rr..---cc.--rrrr.-..-r.-r..----cDollars (US $..S.x,c19.0,.(l9 ....................}
<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 _._._hall ............................ State of Nebraska:
<br />Zot Five (5) Westwood Park Subdi~2sion, Hall County, Nebraska.
<br />ToctiTHEa with aIl the improvements now or hereafter erected on the property, and all easements,
<br />rights, appurtenances, rents, royalties, mineral, oil and gas rights and proSts, 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 covered by this
<br />Mortgage; and all of the foregoing, together with said property (or the leasehold estate in the event this
<br />Mortgage is on a leasehoid} are herein referred to as the "Property".
<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 Pmperty is unencumbered, and that Borrower wilt
<br />warrant and defend generally the title to the Property against all claims and demands, subject to any
<br />easements and restrictions listed in a schedule of exceptions to coverage in any title insurance polfcy in-
<br />suring Lender's interest in the Property, or (2) attorney's opinion of tine fmm abstract of title certified
<br />by bonded abstracter.
<br />Psov[nsn A4wAY9, and these presents are executed and delivered upon the following conditions, agree-
<br />ments and obligations of the Pormwer, to-wit:
<br />The Borrower agre€'s ttr pay to the bend€r, cu~ order, the primipai sum a# ,. F~P~X"---~4IISAtIII_...
<br />..ANU..NAB-kQQ..r.---r.-.-----.-----------_----.-.-°----_--.-----"Dollars (l.!S 8..51,000.,00.........._.......)
<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 ......_April ......................... x~..2G>(.19
<br />UxtroaM CovFNeNTS. Borrower and Lender covenant and agree as follows:
<br />1. Payment of I>ri:scipal and interest. Borrower shall promptly pay when due the principal of and in-
<br />tereat on the indebtedness evidenced by the Note, prepayment and late charges as provided in the Nate,
<br />and the principal of and Interest on any Future Advances secured by this Mortgage.
<br />2. Fuadr for Taxer and Insurance. Subject to bender's option under paragraphs 4 and ~i hereof, Bor-
<br />rower shall pay to Lender on the day monthly installments of principal and interest are payable under the
<br />Nate, until the Note is paid in full, a surn (herein "Funds") equal to one-twelfth of the yearly taxes and
<br />assessments which may attain priority aver this Mortgage, and ground rents on the Pmperty, if any plus
<br />one-twelfth of yearly premium instalments 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 bills and reasonable estimates thereat, 1?.ender shall applyy the Funds
<br />t~ pay s~ taxes, as~sR[nenta, inaur€[nce pr€mlurts and ground rents, Lender shall make no charge for so
<br />hnld-ng and applying the Funds or verifying and rnmpiling said as~w~tRments and bills. The Lender Khali
<br />give to-the Borrower, without charge, an annual accounting of th€ Funds showing credits and debits to the
<br />Funds and the purpose for which each debit to the Funds was made. The Funds are pledged as additional
<br />~eurfty for the sums secured by thin Mortgage. The Borrower agrees that the Funds may be held by the
<br />C:etider and commingled with ether funds and the leander`a own funds and the Lendor may pay such items
<br />#ir8m its own_funda and-the I,ea[dep not be liable for intet~est or dividends on such Funds.
<br />If the atnount of the Funds held by I.estder, together with the futL~re rnonthty installments of Funds
<br />payable prior to the due datxA of taxes, aeseseme[rta, imaurance premiums and ground rents, shall excw~ed
<br />the amount requited. to p~,y eaud tease, saee~tr~ents, insurance, pretrtiums and ground rents as they fall due,
<br />each, eaceas ahaU be, at rrawer's option, either m fly repaid to Borrower or credited to Barmwer on
<br />rt+onthly instrtllmants of Funds. If the amount of the Funds held by Lender shaIl net be sufficient. to pay
<br />tax,; its, insuteniwt pseaxti sgd ground rents as they fall due, Borrower shat! pay to Lender
<br />any writ r[~ to make up ills deffcybwfthin thirty days after notice fmm Lender to Barrosver
<br />re~gestmg yrnertt tltiereof; or $orrower tmali, y an increase fn monthly instaihnenta of Funds requirtrct.
<br />ray t ~t?I~y Yrltl~ia *he P'ur=d ~~g :od.
<br />t,T}ro[[ payment in full o€ ai! sums secured by this Mortgage, Lender shalt apply Funtls ht•ld :[~ a rr~•dii
<br />Against all sums due.
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