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INDIVIDUAL
<br />DUE ON SALE
<br />~~` OPTIONAL FUTURE ADVANCES
<br />SAVINGS FUND
<br />FapM No. 720-479
<br />Loan Number_4~392___-_199_____1___
<br />Tyne 6ranc~
<br />79-~~(1Q~tty MORTGAGE
<br />THIS MORTGAGE, made and executed this - .. 1.7..___.. __.... day of -..._~~y.___._-.._........- A.D.,
<br />Is.. ;.9..-, between the Mortgagor. -.`ThQmaS. Wil.liam.?'.oeller, a singlQ..gersDn,..Kr-isteae..Elaine.
<br />Krueger...a...s3ngke-_p.~z Qn, as...kenauks..in..cnmman,....-.. __ - -- - -- - - - - - -
<br />ot Grand--Island__-.-_-__..• County of ...Aall._.-.._...__ .._., State of Nebraska-____, hereinafter referred
<br />to as the Borrower, and the '~4ortgagee, FIRST FEDERAL SAVINGS n^ ATD LOAN ASSOCIATION OF
<br />, LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to
<br />as Lender-
<br />R%Irxesse•rx: That the said Borrower for and in consideration of the sum of .TWENTY-.5E37EN-.THAIISAND
<br />TWO-HUNDRED-_FIFTg_ANI).,NO(100-----.-------rrrr--rr.--crpollars (liS $2Z,25D-..OQ._._ ._----_._.)
<br />paid by said Lender, does hereby mcrtgage, grant and convey to Lender, its successors and assigns; the
<br />foliowzng described property Located in the Counts- of ....__._Hall-....__ _..._.__., State of Nebraska:
<br />Lot Twenty (20) Bishop Heights 3rd Subdivision Hall County, Nebraska
<br />Toct:rxEl: with all the improvements now or heron€ter erected on the property, and all easements,
<br />rights, apgurtenances, rents, royalties, mineral, oil and gas righi_c and profits, water, water rights, and
<br />water stock, and all fxtures noa- ur hereafter attached to the property, all of which, including replace-
<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 a-ith said property for the leasehold estate in the event this
<br />Mortgage is on a leasehold) are herein referred to as the "Property".
<br />Borrower crovenan[s that Borrower is faa-fully seised of the estate hereby conveced 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 generaih' the title to the Property against all claims and demands, subject to any
<br />easements and restrictions listed in a schedule of exceptions to etwerage in any title insurance policy fn-
<br />suring Lendei s interest in the Property, or }4) attorney's opinion of title from absiaact of title certified
<br />b_v bonded abstracter.
<br />PsOYID£D A? wars, and these presents are executed and delivered upon the follaaa-ing conditions, agree-
<br />ments and obligations of the Burrower, to-aa'it:
<br />The $orrower agrees t:. pay to the I~nder, oz ender. the principal sun.; of ..TWEtr'T° S.Hk'>~I THLIUS_9NLt
<br />T`x?O.IftIAlARED_FLI?T)<_Ah'D NO%1v0----------------------Dollar ti'S.~ 27.250.00.... )
<br />_- -
<br />payable as provided in a note executed and delivered, cancurrent}y herewith, the final payment of principal,
<br />if net sooner paid. on fhe.~> day of ,ui,}= - llt ~a .
<br />L'tiltnesr CovE.ti,at:•n. Burrower and Lender cotenant and agree as folk:us
<br />1. Payment of Prinapat and Interest. Borrower shall promptly pay avhen due the principal of and in-
<br />ieresi an the indebtedness ecideneed by the \ote, prepayment and lair chargCS as proaidt=d in the \ote,
<br />and the principal of and interest ran any Future Advances secured by this _liorigage.
<br />2 Funds for Taxes and lasuraaee. Subject to Lender's oprian »nder paragraphs # and }hereof. BDr
<br />roa-er shall pay to Lender on the day monthly installment.. of principal and interest are payable under the
<br />Nofe, until the'_tiote i_5 paid in full. a sum therein "Fund.") equal to one-fweifth of the yearly taxes and
<br />asses menis which may' attain priority over this \1an gage, and ;round rent; on the Propern•, if am' plus
<br />c>~e-twelfth of z°eariy premium installment, foz hazer insurance- piu= one-taaelfth of yearly premium in-
<br />stallments fur mortgage insurance, if env, all as reasonabh° estimated initially and from time to time by
<br />Lender on the basis of assessments and hilts and reasonable estimates thereof, Lender shall apply the Funds
<br />to eau said faa~, assessments, insurance premium. and ground rents. Lender ::hall make nn charge for sa
<br />balding and applying fhe Funds or vent#ying and Compiling said assessments and bill,. The Lender shall
<br />give tc the Borrower, without Charge, an anneal accounting of the 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 />secarity ter the sutra secured by this :alortgsge. The Bc:r..swer agrees that the Funds may be held by the
<br />Lender and camm',ngled with other funds and the r..ender's ow•n funds and the Lender mat pay such items
<br />from its own funds and the Lender shall not be liable for inier~~st or dividends on such Funds.
<br />If the amount of the Funds held by Lender, together with the future monthly installments of Funds
<br />payable prior to the due dates of taxes, assessments, insurance pretiums and ground rents. shall exceed
<br />the amount required to pay said Lazes, assessments, insurance premiums and ground rents as they fall due,
<br />such eacrss shall be, at Borrowers ^>ption, either promptly repaid to Borrower or credited to Borrower on
<br />monthly insta-ments of Funds. If the amount of the Funds held by Lender shall not he suiYicient to pay
<br />Lazes, assessments. insurance premiums and ground rents as they fall due, Borrower shall pay to Lender
<br />any amount net:essary to make up the deficiency within thirty days after notice from Linder fo Borrower
<br />requesting payment thereof, or Borrower shall, ny an increase in monthly installments of Funds required,
<br />repay the deficiency within the Fund accounting period.
<br />L;pan payment in full of s11 sums secured by this 114ortgage, Lender shall apph• Funds held as a credit
<br />against all sums due.
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