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<br />INDIVIDUAL
<br />DUE ON SALE
<br />OPTIONAL FUTURE ADVANCES
<br />SAVINGS FUND
<br />PaaM No. 720-479
<br />Loan Number__ 41714 __- 18H -- 1
<br />TY9n - - - - -Breocn
<br />M O R T G A G E
<br />THIS MORTGAGE, made and executed this ..........._.~-......._.. day of -........~~-K--...._......-._.. A.D.,
<br />19..~f....., between the Mortgagor, .....TlteadAxe...T....Niehaus,.-and._Kimb-arty..B.._`Ni.ehaus.,...hushand.__..
<br />-and..wi£e,- ~ninily.-and..each-.in..-theix...ra~n..righi -........ - - - --- -- - - - ....._.. _. -
<br />of ...._tzrand..lsland___.., County of .._...-_..kiall__...__...._, State of ._.NQbzaska......, hereinafter referred
<br />to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br />LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68~Ol,its successors and assigns, hereinafter referred to
<br />as Lender.
<br />WITNESSHTH: That the said Borrower for and in consideration of the sum of _TWENTY.-NINE.,.______.__
<br />T130LSANI)__TWO.HUIv'DRED_FIFTY_eL\D.NO/100--.--------.--Dollars (US3-.29-,250,00._..._.---...-..-.)
<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 1vTebraska:
<br />rwt Five !Sl Rl nrir Fnur (6l~ Tn Knahlor Plana an arld_rinn rn tha (:i Y_y of
<br />Grand Zsland, Hall County, Nebraska
<br />TOGETFIEF w:th all the improvements now or hereafter erected on the property, and all easements,
<br />rights, appurtenances, rents, royalties, mineral, oil and gas rights and prafits, water, water rights, snd
<br />water stock, and alt fixtures now or hereafter attached to the property, all of which, including replace-
<br />ments and additions thereto, shad 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 />A4ortgage is on a leasehold) are herein referred to as the "Property"-
<br />Borroaer 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 unencumbered, and that Borrower will
<br />warrant and defend generally the title to the Property against all claims and demands, subject to any
<br />ea.~ements and :estrctions listed in a schedule of exceptions to coverage in any title insurance policy in-
<br />suring Lender's interest in the Property, or (2) attorne_r''s opinion of title from abstrac•i of title certified
<br />by bonded abstracter-
<br />Paovto£n ALwars, and these presents are executed and delivered upon the following conditions, agree-
<br />ments and obligations of the Borroner, to-n-it:
<br />fine Bvrrower agrees to pa}- io the Lender, yr order, the principal sum af -'L'[~TENTY.-NL'v'E..TIIQIISAND.-
<br />TG:O._fii^ZDREI3_-FIFTY AlD NO/100----- - -»--Dollars (L'S S.-29}250.00
<br />parable as prot~ded in a note executed and delivered, concurrently herecc~th. the final payment of principal,
<br />if not goner paid, on the - - - F.f.rsi -. -._ day of .- .Jtu?e .. ... .. ......... .. ... ~{ 20.Q9
<br />L:utroeu Cove`n~•TS. Borrower and Lender covenant and agree as follows:
<br />1. Paymeai of Principal mmd Interest. Borrower shall promptly pay when due the principal of and in-
<br />terest or. the indebtednes ecideneed b}- the tiote, preps}-rnent and late charges as provided in the Note,
<br />and the principal of and interest on any Future Advances secured b}• this 'tlartgage.
<br />2 Funds far i'axes mmd incur®ce. Subject to Lender's option under paragraphs ~ and 5 hereof- Bor-
<br />rower shall pay tv Lender on the day monthly installments of principal and interest are payable under the
<br />Note, until the \ote u paid in full, a sum (herein "Funds") equal to one-twelfth of the yearly taxes and
<br />assessments ovhich 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 -early premium in-
<br />stallments far mortgage insurance, if any, all as reasonstly estimated initially and Pram time to time by
<br />Lender on the basis of assessments and bills and reasonable estimates thereof. Lender shall apply the Funds
<br />to pay said taxes, assessments, insurance 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 />eve #o the Borrower, without charges an annual accountfng of Lhe 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 />security €or the sums secured by this ?vortgage- The Harrower agrees that the Funds may be held by the
<br />Lender and commingled with other funds and the Lenr;ar's own funds and the Lender rosy pay such items
<br />from its own funds and the Lander shall not be liable for interest or dic~dends an such Funds.
<br />If the amount of the Funds held by Lender, together with the future monthly installments of Funds
<br />p~avable prior to tl~ due dates of fazes, aaaesaments, insurance premiums and ground rents, shall exceed
<br />the amount requue~cl to pay said fazes, assessments, insurance premiums and ground tents ss they fall due,
<br />such ezcee~ shall be, at Borrower's option, either promptly repaid to Borrower or credited to Borrower on
<br />monthly installments of Funds. If the amount of the Funds held by Lender shall not be sufTicient to pay
<br />fazes, assessments. tnsurance premium-9 and grqursd rents as they fall due, Borrower shall pay to Lender
<br />any amount necessary to make up the de&<3encv within thirty days after notice from Lender to Borrower
<br />regnesting payment thereof, or Borrower shall, by an increase in monthly installments of Funds required,
<br />repay the deficiency within the Fund accounting period.
<br />Upon payment in fuIl of All Q„gym a~:ura^' by tlsis Mortgage, Lender snail apply Funds held as a credit
<br />against alf sums due.
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