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INDIVIDUAL
<br />DUE ®N SALE
<br />~~ OFTIQNAL FUTURE ADVANCES
<br />SAVINGS FUND
<br />e s FowM Nn. 7Z~-479
<br />u Loan Number__ 41807___-_ 188___-_ I___
<br />ref e.e~~~
<br />79°~ x(14498 MORTGAGE
<br />'T'HIS h]ORTGAGE, made and executed this ..._. ~-.c~.__.-_.._...... day of ..Jv ~_y._._.._._..__...... A.D.,
<br />18.~~(-.., between the :4tortgagor, Kenneth- L,_,Graus_and Linda.-N. - Graus,_ husband and wife,-
<br />- ---- -- -
<br />jointly_and--each--in--their-.own.. right-------------------------.----....
<br />of -- Grand_Island__-_-__-_, Counte of -.-__..Hal.l.___.____.-, State of Nebraska-.____ hereinafter referred
<br />to as the Borrower, and the \]ortgagee, FIRST FEDERAL SAt'INGS AND L0.4N ASSOCIATION OF
<br />LI1vCOI,i\, 1?35 "N" Street, Lincoln, Nebraska 68101, its successors and assigns, hereinafter referred to
<br />as Lender.
<br />R'ITNFSS€ra: T'nat the said i3orrower for and in consideration, of the sum of .FORTY. O)`IE-.---__-____...___
<br />TiiOIISA$11)-1WQ-_HUhDREf).-~t3D, NOi100--.-----.------'--------Dollars (ti~S S-41,200,00. _ __ _.___..)
<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 Countr of .. -..-Hall- - _„---- -------------- State of Nebraska:
<br />Lat t7ne (I), Flock Five (Sj, in Kel-air 9dditi on to the i:ity of Grand island,
<br />Hall County, Nebraska
<br />TOGErHEE with all the improvements nox- or hereafter erected on the propem-, and all easements,
<br />rights, appurtenances, rents, rocalties, mineral, oil and gas rights and profits, water, u-ater rights, and
<br />water stock, and atl fixtures Haw ar hereafter attached to the proper[}-- all of a-hich, including replace
<br />menu and additions thereto, shall r~ deemed to be and remain a part of the property trovered by this
<br />Mortgage; and all of the fnregaing, together u-ith said property for the leasehold estate in the event this
<br />Mortgage a on a leasehold) are herein referred to as the "Propem-".
<br />Borrower rovettants that Borrower lawfully seised of the estate hereby conveced and has the right
<br />to mortgage, grant and convey the Ptnperty, that the Proper[}- i. unencumbered, and that &xrou~er will
<br />warrant and de#end geaeraliy the title to the Property against all claim and demands, :-ubje~•t to anc
<br />easements and restrictions li.:ted in a schedule of exceptions to coverage in ar.}- title insurance polio in-
<br />a'uring Lender's interest in xhe Property, or (=) atiornev's opinion of title #mnt abstract c>f title certified
<br />by handed abstracter.
<br />Pttovtu€n At_w•ASS, and these presents are executed and delivered upon the foiloui,-tg .onditions. sgree-
<br />mants and obligations of the Borrower, to-K-it:
<br />Tito Fsc+rroxer agoras to pad- to the Lendez, or order, the pti~-tt-il~al sum of FO?iTY 01r~ SitQL`SA}~
<br />2Sit2 HUh`DRF.A t.3D-I3t?jitDii-------------------------------I}Tiliar: ~t-S •4i,2tK1.Q#? t
<br />- _ .
<br />pati-able as proti-idrd in a Hate executed and delivered, cY=n=•urnntt~ }trrruith- tlr<~ final ;as~ment tai principal.
<br />if not sooner paid. en the ?''-"~~ dal- of Au~~:s ir,1 =JJ.+
<br />L'xt€cttaa Crsv€~ty3^.. Fxirrower and Lender i-atettant snd a=Tree as follau:
<br />1, Payment o! Prmripal and interest. Born=war sha1E pntmptla pad' uhevt duo- the ;trim i;=ztl ==f anti in-
<br />tare:-t an the mdebtedne>=- eti3encec3 hr the \ote, paps,nx•nt .and late- chsr~s~ a> f:t~~.itlc-d in .hc- Nate,
<br />and the principal of and inieres' on anti- Future AdvancTx seiurrd b~ this \le=rtgare.
<br />1. 1'uaxls for Ttaces ®d Iza~urcnce, Subjtrt to Lender'. t:ptian under paragraphs # and .~ henrtf. F;or-
<br />T3wer shall pay i.a Lender on the dac monthEy installments of prtn~-il~+al and interest are pai•ahle under the
<br />Note. antil the \ote is paid in full, a sum iher~in "Fund="E aqua] tr. anc~-tut-ii:h of the ~t-arlt taxt•: and
<br />asset~,menz; which may attain priority over this 31art=age, and ground rents on the Prol=en}- if and plu<
<br />one-twelfth of }earl;- pmmium installment: 3or hazard insurance, plus one-rhrlffh of tiearlt prenuum in-
<br />stnRmen*„ for mortgage ~surance, i# ant', all a5 rza:,na61~' estimated initiali~- and frctn time u> time by
<br />Lender on the bar is of as..essnents and bills and reasonable estimates thereof. Lender shall appl}' ti:z Fund:
<br />to pay said fazes, asse_ismen~, insurance prenuums and ground rents- Lender shafE male no charge for -;r)
<br />htrldmg and apph°irtg the Funds ar rerifying and compiling said a_sse;sments and bills. The Lender shall
<br />givz to the Borrvars, aithoui charge, an annual accounting of the Funds chnwing credits and debits to the
<br />F'~:=ds a ;ci Ilse purer for xb;ch each debit to tine Funds >.cas made- Tito Funds are pEetlged as additional
<br />ser~iti #or the sums ~t-trued be thia°«;attgage. The Borrower agrees that the Fends mad- be hzld br the
<br />I.eltt#er and ~mrningled with other fiords and the Lendez's owtt funds and the Lender may Pav such items
<br />from its oum funds and the i.~±der shall not be liable for interest or ditddends on such Funds.
<br />if the amount of the Fonds ;said by Lender, #ogether with the future monthly installments of Funds
<br />payable prior to the dire dates of lases, asses4ments, insurance premiums and ground rnnts, she!] exceed
<br />the amount re4ttit€d t4 v said tales, sasessmants, insurance preri+.iums and ground rent; a_s they €all Sue,
<br />such e:ceas shall be, at ~zrower's option, either promptly repaid to Borrower or credited to Borrower on
<br />monthly irn3talimertts of Ft,-nds. if the amount of the Funds held by Lender shall not be sufficient to pay
<br />fazes. aaseasmcmts, insurance pretnituns and ground rents as thet• fall due, Borrower shall pay to Lender
<br />any ""'^"*'t neeesaary to makes tip the de#teiencv within thirty days after notice #mm Lender to Borrower
<br />~lu~>ng payment Lher~f, or Borrower shall, by an increase in monthly installments of Funds required,
<br />repay the deficiency wi#iiirt the Fund accounting period.
<br />[;pen payment in #uil of all sums secvretl by this N]oztgage, Lender shalt apph• Funds held as a cn-dit
<br />against all sums due.
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