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<br />Fow~a No. 72U
<br />loan lduml>ar_--- 3f3968-----1~5- 1 _--
<br />M O R T G A G E
<br />THIS MORTGAGE, made and executed this ._.._..- fQ_.__._.._. day of ._~ ............. A.D.,
<br />19.x.4'..., between the Mortgagor, .-Andrew,-H,,--Bjorson.-and. Barbara,.Bjo;$-qft,,-.hy&12and..and.!aifa;
<br />Wayne B.-Manning--and-Jeanette-_I.--Manning,-.husband--and_wife-,-.joietay...aztd.s~vezallp.-aad..each is
<br />of Grand--Island ---._-., County of -..._._...Haall.. _...-.., State of -Plehraska .....-._, hereinafter referred thoe~ir
<br />to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSUCIATIUN OF .-±o ~,
<br />` LINCOLN; t??5 "N" StrMt, T,;r==~ol-., Nebraska oS5vi, its successors and assigns, hereinafter referred to
<br />as Lender.
<br />Wt~xsssETS: That the said Borrower for and in consideration of the sum of ..SIXTY--FOl1It_T$Qjl;i~,ND
<br />AND NO 100--------------------------------------------dollars (US g- 64,000..00-... - - -- .....)
<br />paid by said Lender, does hereby mortgage, giant and convey to Lendez, its successors and assigns; the
<br />following described property located in the County of ._..__L'~'1 ..............._.-......, State of Nebraska:
<br />Lot One (1) , Block One Hundred Fifty-two (152) , in i,}tian Pacific
<br />Railroad Co~any's Secoctd Addition to ttze Cityof Grand Island, Hall
<br />Cotmty, Atebra~ka.
<br />TocETHE$ 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 stock, and all fixtures now or hereafter attached to the property, all of which, including repla~e-
<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 f.or the leasehold estate in the event this
<br />Mortgage is on a leasehold) 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 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 />easements and restrictions listed in a schedule of exceptions io 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 />PROVIDED At.w.avs, and these presents are executed and delivered upon the following conditions, agree-
<br />ments and obligations of the Borrower, to-azt:
<br />The Borrower agrees to pay to the Lender, or order, the principal sum of .. SIXfi~-FOUR- THOUSAND__
<br />AND NO/100-__.~r~--------_------------------------- Dollars (L'S ;3.64-,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 _.......--. Mgy.--._..._--.__..._, IgaC.2004
<br />UNtzosat Covexnrr•rs. Borrower and Lender covenant and agree as follows:
<br />I. Payment of Principal an3 Interest. Borrower shall promptly pay when due the principal of and in-
<br />terest on the indebtedness evidenced by the Note, prepayment and late charges as provided in the Note,
<br />and the principal of and interest on any Future Advances secured by this Mortgage.
<br />2 Funds for Taxes sad Ittsurcatce. Subject. to Lender's option under paragraphs 4 and 5 hereof, Bor-
<br />rower shall pay tc Lender on the day 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 taxes and
<br />assessments which may attain priority over this Mortgage, and ground rents on the Property, if any plus
<br />one-twelfth of yearly premium installments 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 thereof, Lender shall apply the Funds
<br />to gay said taxes, assessments, insu_Ytace premiums and ground rents. Lender shall make no charge far so
<br />holding and applying the Funds or verifying and compiling said assessments and bills. The Lender shall
<br />glue to the Borrower, without charge, an annual accounting of the Funds showing credits and debits to the
<br />Funds sad the g~.upose for which each debit to the Funds was made. The Funds are pledged as additional
<br />security for. the sums secured by this Mortgage- The Borrower agrees that the Funds may be held by the
<br />Lender and comrrtingled with other funds and the Lender's own funds and the Lender may pay such items
<br />froth its own funds.and. tlte-Lender shall not. be liable for utterest or dividends on such Funds.
<br />If the am9unt of the Funds held by Lender, together with the future monthly installments of Funds
<br />payahfe prior to the dne dates of taxes, assessments, insturaitce premiums and ground rents, shall exceed
<br />the amount required to pay said taxes, asae:esments, insut'aatce premiums and ground rents as they fall due,
<br />such ex~aa shall be, at Bprmwer's optton; gitlt~r prom y repaid to Borrower or credsted to Harrower on
<br />anonthly installsraents of Hands. If the 'ttttount of the Funds held by Lender shall not be sufficient to pay
<br />faxes; sasesetnerats; insurance premiums and E~nrrd rents as they #all due. Borrower shall pay to Lender
<br />-any a.'i-ount necessary tc~ make tap the deflcseppY within thirty days after natirx from Lender to Borrower
<br />ieaquestang payment thereof, or Botmwer shall, by an increase ir. monthly installments of Funds required,
<br />y the delis:-y within ills fund aeeaunting period.
<br />Lpon payment in full of all sums secured by this Mortgage, Iaznder shall apply F ands ht~ld a. a crcdii.
<br />against sit sums due.
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