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<br />INDIVIDUAL
<br />DUE ON SALE
<br />~t~4 OPTIONAL FUTURE ADVANCES
<br />SAVINGS FUND
<br />~~ FORM No. 720
<br />/~E_R,r<coaded Loan Number__41115___-_1$$__==_~la_.
<br />79- l1Q~~= ~ M O R T G A G E
<br />TIIIS 11IORTGAGE, made and executed thts ....~ ~ ._ __ . - da_v of ~--~ _. . A.D.,
<br />19.`1----, betweer, the Mortgagor, ...Jack.-L,_ Nelson_ana Phyllis. F, ..Nelson, husband__and
<br />~,rif~-,- jointly and_each in_-their _o).m right.,.. _ _ ,________ __.. _ __.._- __...-.
<br />of __ Gran~_Island________, County of _._. Hall _-,_ „ ,State of aebraska _„_~ hereinafter referred
<br />to as the Borrower, and the \Iort.gagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br />LINCOLN, 123d "N" Street, Lincoln, Nebraska ti8501, its successors and assigns, hereinafter referred to
<br />as Lender.
<br />R'trxESSErs-t: That the said Bortoaer for and in consideration of the sum of _ TIILFTYcFZYE__ _ _
<br />xHQySrI\'D ~'~D-.iTO/lOt~---------------- ----- _--_-.--DoLars (tiSS 35, 000.~Q. _ _._.)
<br />paid by said Lender, does hereby mortgage, grant and com•ey to Lender, its successors and assigns; the
<br />following described property located in the Caunh- of _ Hall .. _ . ,State of \ehraska:
<br />Lot Eleven (11} of the Subdivision of Lot Nine {9), tdindolph's Subdivision
<br />of part of the Northeast Quarter Northwest Quarter (NE~NW'~) and the
<br />Northwest Quarter Southeast Quarter (NE~SEw) of Section i::, '1'OwnshiA
<br />11 North, Range 9 West ofthe bth P.M., Halt ('ounty, Nebraska
<br />This is a corrected mortgage to correct the legal recorded April 27, 1979 at Document
<br />79-f102481
<br />TOG£THF.tt frith all the improvements now or hereafter erected on the property, and all easements.
<br />rights, appurtenances. rent., royalties, miners] oil and gas rights and profit:, water, water rights, snd
<br />water stock, and all future; now- or hereafter attached to the property, all of ayhich, including replace-
<br />ments and additions thereto, shall ~ deemed to be and remain a part of the property covered by this
<br />It4ortgage: and all of the foregoing, together wzih said propem' tar the leasehold estate in the event this
<br />Mortgage is on a leasehald'+ are herein referred fo ac the "Ptrtperrti•".
<br />Bortvw-er covenants that Borrower is law full}• seised of the estate heretic conve;cd and has the right
<br />to mortgage, grant and canoe}' the Property, that the Property is unencunthen•d, and that Borrower will
<br />warrn,_rst- and defend general]- the title io the Pmpern~ against all claims snd demands, subject to any
<br />ea_remenis and restrictions listed is a schalule of exceptions to covera~,e in an}' title insurance police in-
<br />Furing Lender': interest in the Pmpem', or t?) attorney's opinion of title from abstract of title certified
<br />by bonded abstracter.
<br />P&Oi'rtzpts At.w.~vs, and These presents are executed and delivered upon the failaw-ing ~onrfitioas, agree-
<br />ments and obligation= of the Borrrnyer, to-acit:
<br />The Bore saver agree= to poi- to the Lender, i+r order, the principal sum „{ THZ ~:'1-Fll'r T1Qt~Sa:\D
<br />?~'~ ~Di l+~{}------------„------------------- Dollars +t-S .> 33,DDt1_f}0 1
<br />parable a_c provided in a rote exer~uted and delicetctl, tnncurrenth her:•~cith. zhe anal payment of principal.
<br />if not sooner paid, an the Flrst day t,f :'lay , Y4C2QQg
<br />L-t,tvrea>t Cttve!caxrs. Born:wer and Lender ronfnant and a:;zee as follows
<br />1. Payment of Principal sad Interest, Barr!~we-r ?bah prcnuptl}~ pas when due the principal of and in-
<br />terest an the indebtedness evidenced br ttte \ate, pre=lament and fate charges as pm.idetl in the Nate.
<br />and the principal of and interest nn any Fut urr Adyanc es se.v trd ley this \lurt Cage.
<br />2 Funds fnr Smces and Insurance. Subject ti. Lrndri = option under para.*ral~ns 3 and ~ hereof. Bor-
<br />mu~er Mall pay to Lender on the der monthly- ins*.alln:eat: of prncipal and int<.rest are la-.able under the
<br />\ate, vrt~l the \ofe is paid in full, a sum iherzin "Fund."+ equal to one-twelfth of the }'early rases and
<br />assessments which may attain priority over this \lortgage- and ground rents on the Property, if an) plus
<br />one-twelfth of yearly premium installments #or hazard insurance. plu= one-twelfth of year]} uremium in-
<br />staumeniF far mortgage in_su-rance_ if any, all as reasons]]} estima#ed initiaIIc and from ?inte to time by
<br />Lender on the ba is of assessmen#s snd bills snd reasonable estimates thereof, Lender shall app]} the Funds
<br />tz: pay mid tas€~, assessments, insurance premiums and ground rent;- Lender shall make na charge for sn
<br />holding and agglving the Funds ar veri~-ing and compiling said assessments and hill:. The Lerdrr shall
<br />give za the Harrower, without charge, an annual accounting of the FuntL shacsing cmdits and dehit.s to the
<br />Funds and the p,~. for w1+~rlt each debit to the Fund wa- made- The Funds are pledged as additional
<br />FeCtlrity for the sums secured b}• this Mortgage. The Borrower agreeF that the Funds ma>• hr held hi~ the
<br />Leader and commingled with other #unds and the Lender's own funds and the Lender matt- pay such item,
<br />from its ox-n funds and the Lender shall not he liable for interest ar dia~dends i:n such Furcls.
<br />if the amount of the Ftmas held by bender, together with the future monthly installments of Fund;
<br />parable prior to the due flares of fazes, assessments, insttranee premiums and ground rents, shall exceed
<br />ibe amount required to pay said fazes, assessments, insutance premi==amF and ground rents as they fall :#ue,
<br />sack ezoess shay be, at Borrower"F option, either promptly repaid to Borrower or credited in Harrower on
<br />monthlg installments of Funds If the amotmt of the Funds held by Lender shall not he xutticie-nt to pay
<br />taxes, assessments, insurance premiums and ground rents as the}• fall due. Borrower shall pa}• to Lender
<br />any ammunt netrasary- to make up the deSciencv within thirty days after notice from Lender io Borrower
<br />requeFting payment thereof, or Borrower shall, by an increase in monthly installment. of Fund- required,
<br />repay the deficiency within the Fund accounting period.
<br />L°pan payment in full of all sums secured by this Mortgage, Lender shall apply Funds held a~ a credit
<br />against all sums due.
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