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<br />INDIVIDUAL
<br />DUE ON SALE
<br />OPTIONAL FUTURE ADVANCES
<br />SAVINGS FUND
<br />FORM Na. 72Q
<br />~E-~.ECOedEd Lcan
<br />7s_.. ~Q ~~8~
<br />Number__41i15___-_1$$-._._1. __
<br />Typc tlra n~l~
<br />N[OR-fGAGE
<br />THIS ItfORTGAGE, made and ex cuked tt•ts - ___ cx 4._.._ ... day of ~- __ __- .- A.D.,
<br />19-~~_-., between the b4ortgagar, ...Jack.-L. _'~elspn--ana Phyllis.. F, Nelsen, husband and
<br />.wife, Soi.tttly and..each ia_.their_.ocan .right - - -,__ _--
<br />of __ Gr3nd_Island_____, County of _.___..-. Hall..-_ _,_„__, State of . Nebraska, ,hereinafter referred
<br />to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br />LINCOLN, 1231 "N" Street, Lincoln, Nebraska 6£501, its successors and assigns, hereinafter referred to
<br />as Lender.
<br />VF'trxESSSrx: That the said Borrower for and in consideration of the sum of . Tt1IRTX-FSY'E_-_ .. ..
<br />TLIOLS_AND ~D NO%.10~-------- ----- ------- - ---_ ---Dopers (uS 35, 00.O.,ui!--. - ._ _.- .---)
<br />paid by said Lender, does hereby mortgage, gram and conve}- to Lender, its successors and assigns; the
<br />fallowing described property located in the County of ..._ -Ball -. - - ,State of Nebraska:
<br />Lot Eleven (11) of the Subdivision of Lot Nine (4), Windolph's Subdivision
<br />of part of the Northeast Quarter Northwest Quarter (NENtd~) and the
<br />Northwest Quarter Southeast Quarter (NE~SE4) of Section 14, Township
<br />11 North, Range 9 West ofthe oth :.a., hall County, Nebraska
<br />This is a corrected mortgage to correct the legal recorded April 27, i479 at Document ~`
<br />'9-0025$1
<br />Toc>=•rxex Kith all the impro~-ements now- or hereafter erected on the oropertc, and all easements,
<br />rights, appurtenances. rents, royaltiac, mineral, oil and gas rights and profits, water, water rights, and
<br />water stock, and ell futures now or herea#ter attached to the propem-, all e2 which, including replace-
<br />ments and additions thereto, shall be Seemed to be and remain a part o{ the property covered by this
<br />'_lforfgage; and all of the foregoing, together with said property tw the leasehold estate. in the event this
<br />'Ifiortgage is on a leasehold) are hereir, referred to as the "Property".
<br />Borrower corenanLs that Borrower is lawfullc seised of the estate hereb}- conye~ed and has the rght
<br />m nortgage. grant and cronyey the Property, that the Propertc is unenctunbered, and that Borrower will
<br />warrant and defend generally the title to the Property ap*ainst ail claims and demand.:, subject to am-
<br />easemetrts and rectrietions listed in a schedule of exceptions to cocenge in any title insurance policy in-
<br />suring I~ndeis interest in the Pmpem, ar t°? attorney's opinion of title from abstrac- of ii±le certifieil
<br />by handed abstracter.
<br />Psoytn>•:n At_w~rs, and these presents ar executed and delirered upon the follcn~ing rnnditions, agree-
<br />ments and obligation: of the Borrower, to-Rit:
<br />The Borrower agree. tc pay to the Linder, or order, the pdnripal sum of THIRYY-FI~`E THOL~S~\~_
<br />L!t'D_NOJ10f3-- ----------------------------I~ llar< +1'S .: 35,17t10_C1d
<br />__ -
<br />patiable as provided in a note executed and delivered, cancurrentt~ herr~iith, the ripe) t?a~ ment of principal,
<br />if rtat Winer paid. nn the First ~~ of MaV Xfi?QQ9
<br />1. Vti`'fiKN Ct+v~ti.~ti n. Borrower and Lender c-overnnt and agree as fallow::
<br />1. Payment ai Pzincipa3 ~3Interest Borrower shall prvmptl~ {aa~• when due the principal of and in-
<br />terest cn the indebzetlness e~:denced by the \ote. ]+repayment and late charges a= provided in the do?e,
<br />a:,d tl-,e rrir,Uip~tl of and interest on anti- Fixture Advances sei•ureil hi thi.; Mc:,rzgage.
<br />Z Funds tar Texes and L*tsurauce. 3ul;jri•t to Lender': option under paragraph= t and .i hereot, Bor-
<br />rower ;hail pa}' t~ :znder on the day monthly inaalln:ents of principal and intt•rrst are pa~ahte under the
<br />\ute, until the Note is paid in full, a sum ;herein "Fund~'i equal to one-tt+rlfth of the ~earl_~ tazc•> and
<br />as_seQm at~~ which may attain priority ever xhis yfongage, and ground rent.: ar. the Propertti, if any plus
<br />one-txelfih of yearly premium mstal?rnents for hazard irsurartce. plus cne twelfth of yearly vremium in-
<br />stallments for mortgage itLUn~tce, if any, all as reasonably estimated initial]> and from time to time by
<br />Lender un the taxis of acre=~sment> and bi1L. and reabnable estimates thereof, Linder shall applti the Funr3<
<br />ta pay said taxes as;ecsments, insurance premiums and ground penis. ).ender sl:aii make no charge for ,;n
<br />holding.°d s~ph-ing *_he Funds or cerifyirg and compiling said acseme;us and hill<- Thy Lender shall
<br />glee to the lfarmwer. eatl±out :>'a.-ge. an annual an.ousting of the Funds showing credits and debits to the
<br />Funds and the purpase for which each debit #o the Funtls was made. The Ftmdc are pledged as additional
<br />security •or the sums =,enured b~' this ?Mortgage- The Borrower agree: that the Fund; tna~• lu held by the
<br />Lender and commingled with oilier funds and the Lender', own funds and the Lender may pay such items
<br />from its overt funds and the fender shall net 6e liable for interest or diLZdends on such Fund,.
<br />If the amotmt of the Funds held by Lender, together with the future monthly installments of Fund;
<br />payable prior to the due dates of trues, asaessate~ts, insurance premiums and ground rents, shalt exceed
<br />tTx amount tequirnd to ~y said taz~, assessments, insurance premiums and ground rents as they fall Sue,
<br />such excess shall be, at Borrower's ^-piton, either promptly repaid #o $orrower or credited to Borrower on
<br />monthly installments of Funds If the amount of the Funds held by Lender shall not he suffii•ieni to pay
<br />rages, assessments, tnsvraricF premiums and ground rents as they fall due, Borrower ,hall paC to Lender
<br />env atrmunt necessary to make up the deficiency within thirt}~ dais after notice from Lender io Borm~ver
<br />requesting payment. thereof, or Borrower shall, by an increase in monthly installments of Funds reyuired.
<br />repay the deficiency within the Fund accounting period.
<br />Ltpon payment in full of all sums secured by this Mortgage, Linder sha71 anuh Funds held as a credit
<br />agaistst a„ s=an-zs due.
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