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<br />
<br />CORPORRTlON
<br />DUE ON SALE
<br />l~f~f^ OPTIONAL FUTURE ADVANCES
<br />~ ^ .~L~~y.V -i FaRM ISO. 721
<br />u1R.VL17 -
<br />Loan Number___?9_________1__________
<br />rrve are~cn
<br />79-(sG-1S~b MORTGl~GE
<br />,.
<br />I ,/
<br />THiS'ciORTGAGE, made and executed this ._.l~. _. - dac of ~tc~-~~ .-_ _. A.D.,
<br />19._Z.`~.., between the ?Mortgagor, ._._KEN-M3R_L?NL1AtII]aG,.jNC. _.._._. _.. f . _... __..._._...
<br />------- .-.....__ __.......... _ -__ -_.._ ..__ ..... _. -, a corporafion,
<br />orgatti•Led and erisfing under and by virtue of the Laws of the State of ..- -- vabraska___.-_..._-., herein-
<br />after referred to as the Borrower, and the \iortgagee, FIRST FEDERAL SAVINGS AIv'D LOAN
<br />ASSOCIATION OF LINCOLN, 1235 "N" Street, Lincoln, Nebraska 65:;01, it. successors and assigns,
<br />hereinafter referred to as the Lender.
<br />Fi'rrv€ssirx: `T'hat the said Borrower for and in consideration of the sum of ...'1`I~~.\''~X-.EIGHT-.')'HOUSAND
<br />_ _.. s~yl~.ac?~x~_a~~-.~ojoo. -------------------. _ Doltare tt~s s ?a,.7oo.00
<br />-_ -)
<br />paid bl• said Lender, does heretic mortgage, grant and canoe}' to Lender, its successots and a_csigtts; the
<br />fil>n~n~ ~.-r:1,~t nm~>~ i,~-~rpa ,n t>~ r ,,,,rte- of - -.. xall cr~f.~ nr lPr,rfl~tA~
<br />Lots Seven (7), Nine (9), and Eleven (11), Block Ten (1D), All in College Addition
<br />to West loon, Grand Island, Hall County, Nebraska
<br />TncErxsa with all the impmcements now ar hereafter erected on the gmperty, and all easements,
<br />rights, appurtenRnrac, rents, royalties, mitteral, oii and gas rights and profits, water, water rights, and
<br />scaler stark., and all iixtuies now or hereafter attacked to the property, all of which. including replace-
<br />ments and additions thereto, shall be'deemed to be and ren'.ain apart of the property corered b}• this
<br />?vlartgage; and aIl of the foregoing, together with said propert}' (or the leasehold estate in the event thLS
<br />?L#artgage is on a leasehold) are herein referred to as the "Property'"
<br />Borrower rn>.•enants that 3ormwer is lawfully seised of fire estate hereby conveyed and has the right
<br />io atc+rtgage, grant and convey the Pmpertr. that the Property is unentvmbered, and that Borrower will
<br />warrant and defend genetalh- the title rn the Property agairtn-t all Claim, and demands, subject to any
<br />easements anal restrictions hsred in a schedule of exception try coverage in any title insurance policy in-
<br />suriag Lender's intent in the Pmpem•, or t°_1 attarne}•'s opinion of title from abstract of title ctirtified
<br />bc° bonded alrstrarter.
<br />Pxnc-tasn At.tvara and These prrsents are exerutc~ and delivered upon the following conditions, agree-
<br />ments and obligations of the Bttrrow•er, an-wit_
<br />'Tgre Farrow-er agt~ to pa1.• to the Lender, oz orarr, the principal sun: of `Th'£\"TY EiC~1lT THOUSAI+D
<br />SEFEI'3. Httr~ma>`tt_A.~7;.?1~3-1.s'ltd_------------~.~-------lJallars tt'S • -2R,lOG_.CO. )
<br />pay°alrle as pnsvided in a note executed and delivered, rnnrtrrrently herewith, ;ke final Fiayment of principal.
<br />if rrat sar*nez paid. an the =+isi da} of =1y}* ,lick-~*.
<br />l,'Htrstsat C'ov'i:xw.vrs. BorTO>{er and Lender revenant and agree a: fallow
<br />i- Payment of Priari~+¢1 smd faterest. Harrower ;hall promptly g9~' ahen due the principal o{ and in-
<br />t.~t ~ the indeb*edaes:. ~.; ,=*st/~ 1;•. t;se _':atr. prr=,,al-ment and ':ate ehare=.es ss l~ri,sided in the Zate.
<br />and the prineapsl of and interest an an}- Future Adeant~ secured hl this ',iortgage.
<br />2 Ftrr~dc ku Saxes sad losuzeace. Subja~t to Lender's option under paragrapt~c ; and :. hereof. Hor-
<br />mwer shall pay to Lender ar. the dac- n;onthla ins^,allment~ of principal and interest are pa}-able under the
<br />Nate, Corti! the Note is Fetid in foil, a sum !herein "Fund-.,) equal to one-twelfth of the yearh• taxes and
<br />its vvh:th nray attain prioriiv o:°er tit's liortgage, and ground Ionic on the Property, if any plus
<br />acre-tscelfth of yeariz• prelcium installments for karard insurance, plus orre-twelfth of vi'arls premium in-
<br />statlment3 far iaaitgage d~crrarxw, if env, aIi as rc~sanabll- estimated initially and ftam time ra time b~.
<br />Lender nn the ttacis of as~sments and ~s and r~sona61e~e3-±imats iheretrf, Lender shall apple the Fund:
<br />to paS` acid fazes, sxrrentx, insurance pzesiums and ground rc32ts. Lender shall make nc charge for sn
<br />hald9nx and atroly~ the Funds ar verif<3ng and imp }ing .-.~'d aa;~ n~ and hit!. The Lender shall
<br />give tea the Burrower, snthaut charge, an annual srcounting of the Funds shaw-ing rredita and debits to the
<br />Funds sad the purF.+asr #or which ear2t debit to the Funds w-~ made. The Fund: are pledged as additional
<br />sec~rnir for the sr>~ secur~etl by this '~#ortgage. The Earrow-er agrees that the Funds ma}• he held by the
<br />immrts o+rn fi~ t?ie I.ersder shelf not be ble for int ~or divtdend Qn{leu ~aF~ } :such items
<br />I# #>re amoaat of tl~ Funds held by I.endar. tope#her with the future monthly installments of Funds
<br />F~Ya~ Prirrr t+r td~ doe dates a# tazac, assea~ts, insurance ptezltituns sad ground rents, shalt eaceetl
<br />amt e++42ar~ topn € said :azen. te. insurant~ pn?'strums and ground rents as they fall Sue,
<br />suelr ezrx~ slsa#I 1>z. at Borzarrrs'a option, eit#feT Fuomptly repaid to Borrower or credited to Banower on
<br />maathly iarstrt[irnearts of Frmds. I# the ar+s++....t of the €unds he]d by Leader shall not be suffictient. to pay
<br />~~> aseeammeuta, uuarrauae premirrrus sr=d ground rents as they fall due, Borrower shaft pay io Lender
<br />airy amor~rt ner~arc err melee up the defiriera ;q witftin thirty days after notice form Lender to Borrower
<br />re4uestu+g payment t#tereof, ar $orruwer shall, by an ~rresse in monthly installments of Fund, required,
<br />repay the deficiency within the Fiord accounting period,
<br />7ii~ r~ ~znt ~ ~ of ~ ~ sfto~.~I lI_vz ties Iviartgage, Lender shah apply Fund-. held as a creme
<br />agauist all sums due.
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