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<br />7s- u U 4 4'~ 2
<br />iNDIViDUAL
<br />DUE ON SALE
<br />OPTIONAL. FUTURE ADVANCES
<br />SAVINGS FUND
<br />FORM No. 72n-479
<br />Loan Number___41821.._-_188______l-_
<br />M O R T G A G E
<br />TffiS D40RTGAGE, made and executed this _.....-1~..-..._....__. day of .--.--_ .~`~~~j _._.__ A-D.,
<br />19..7-.-, between the ~4ortgagor, ._.Charles...R_..Daty..amd .Shi.rley 1...Ao.t}=...has.Itdnd...and .wife.,...-
<br />~.o.intly _and-.each..in...their...otm.. z.ight..-.------........ _... _ _ -..----.... _.. ---_.... _. _. - _------. -... ----------------------.-
<br />of ..._..Gzand_lsland._...., County of __.__Hall._._...._.___., State of . - Nebraska._._, hereinafter referred
<br />to as the Borrower, and the Mortgagee. FIRST FEDERAL SA~`INGS AND LOAN ASSOCIATION OF
<br />LINCOLN, 1235 "N" Street, Lincoln, Nebraska 65501, its succeccors and assigns, hereinafter referred to
<br />as Lender.
<br />Wi•rx€sserx: That the ,aid Borrower for and in consideration of the sum of ._Tk1lRTX..EODIt...__._..
<br />_.TROD.S4&'I2._QNE_HiPt~RED..Ab'A. hQLLQQ----.--c-=-----.-.--r.-.--Dollars (tiS S d4,.1.QQ 0`J.- --- .............)
<br />paid by said Lender, does hereby mortgage, grant and come}- to Lender, its successors and assigns; the
<br />foiloazng deceribed property located in the County of .- _ -Hall....-.-.. _ _._._..._, State of Nebraska:
<br />The Northerly Seventy-eight fN78) feet of Lot Five i5). in Fractional Block Twenty
<br />(20) in Wsilich's Addition to the City of (rand Island, Hall County, Nebraska
<br />Toct^t•xsa with all the improvements now or hereafter erected on the properly, and at! easement_c,
<br />rights, agpurtrnances, rents, rovaltier, mineral, oil and ga_c rights and profits, teeter, water rights, and
<br />ma#u stock, and all fixtures rrox~ or hereafter attached to the property, all of which, including replaca-
<br />ment<s and additions thereto, shall be deemed to be and mmain a part of the property covered by this
<br />Ivfortgage; an3 all of The foregoing, together with said property (or the leasehold estate in ilre event this
<br />Mortgage is on a leasehold) are herein referrrd to as the "Property".
<br />Barrow•er covenant_c that Borrower i, lawfully seised of the estate hereby com-eyed and has the right
<br />to mortgage, gram- and conve}• the Property, that the Property is unencumbered, and That Borrower tvil3
<br />warrant and defend genexallv the Litle to the Property against all claim; and demands, subject to an}•
<br />~sements aad restri~^tions listed in a schedule of exceptions to coverage in a:.e title insurance policy in-
<br />suring Lender's interest in the Property, or (°1 attorney's opinion of title #rom abet_*act of title certified
<br />by bonded abetracter.
<br />Paovmsn At,w~rs, and these presents are executed and delivered upon the fallowing conditions, agree-
<br />tnenis aad abligations: of the Borrower, to-w-it:
<br />Tire Borrowx agree, to pay to the Lender, or order, The principal sum of THIItTi.-.FOiIR THOUSAND
<br />1 Hli\DSED AND \O110Q----_-----.-------------~tillars 1['S : 3L,1DC.00 ._ 1
<br />payable as provided in a note exetvied and delivered, c~>ncurrently herewith. the final paymeni of principal.
<br />if rmt sooner paid, an the . first - day of --... ~L..1,y 14^:?O
<br />t'.xtFOUra Ctrv>::;wxrs. Borrower and Lender covenant and agree as follows:
<br />I. Payment of ltriatipal and laterest. Borrower shall promptly pat- when due the principal of and in-
<br />ter~t an the indebtedne~ etidenced by the Note, preps}-ment and late charges as prat~ded in the ?Vote,
<br />and the principal of and into-r~-t on any Future Advance::zcured by this Mortgage.
<br />2. Finds for taxes ®d 2m-r:zanc•v. Subjt~t to Lender: option under paragraphs -t and :> hereof, Bor-
<br />rower sl;all pay to Lersder on the dap monthly installments of principal and interest err payable under the
<br />\ate, until the :Vote paid in full, a sum therein ''Fund:') equal to cne-twelfth of the yearly taxes and
<br />assessments which may attain priority over this 'morgage, and ground rents on the Property, if any plus
<br />~tvrerfth of yearly premium installments for hazard insurance, plri ane-twelfth of ~ early premium in-
<br />stallments for mortgage insurance, if env. all as reasonably estir3ated initially and from time to time by
<br />Lender on the basis of acpc~mearts and bills and reasonable estimates thereof, Lender steal! apply the Fundc
<br />ttr Fay said rases, assessments. insurarce premium; and ground rents. Lender shall make no charge for so
<br />hol~g and applying the Ftmds or verifying and compiling ;aid assessments and bills. The Lender shah
<br />Bice to the Borrower, without charge, an annual accounting of the Funds showing credits and debits to the
<br />1!`e~"t~s are? tr„a irarp~r =`or whi;"h ~ ~r de},i# is the Funds wac made. Tire Funds are pledged as additional
<br />security far the sums secured by this '`iortgage. The Borrox=er agrees that the Funds may be held by the
<br />I.~rder and eo~gled urth otlrcr funds and the Lender's ow•ri funds and the Lender map pay such items
<br />from r#s own funds and the Lender shall not he liable for interest or dit:dends on such Funds.
<br />If the amount of the Frmds head by Lender, Together with the future monihly installments of Funds
<br />I+aYa~ P~ to the due dates of tease, anents, ina+,rn„re premiums and ground rents, shall exceed
<br />the amount ragrmEd to pay said terse, eas~rarneYrts, insurance pretrriums and ground ants ss they fall due,
<br />stmh a:c>eas shall he, at PorroPer's option, either promptly repaid to Burrower or credited to Borrower on
<br />~~Y inafnikrwn~y of Fends. ~ the amount of the Funds held by bender shall not be sufficient to pay
<br />tartea, assessments, insurancce Premiums and ground rents as they fall due, Borrower shall pap to Lender
<br />any amount necessary to make up the deficiency within thirty days after notice from Lender to Borrower
<br />requesting payment thereof or Borrower shall, 6y an increase in monthly installments of Funds required,
<br />repay the deficiency within the Fund atrnuntirrg period.
<br />Upon payment in full of all sums secured by Lhis Mortgage, Lender shall apply Funds held as a credit
<br />agaitrn-t alt sums due-
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