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COI3POEtATION
<br />'~' ~~ Dlp~ ON SALE
<br />OPTIONAL PUTt1#aE ADVANCES
<br />Fogr~ No. 721
<br />Loan Number__4?54~___=-__1$__-_1___
<br />rype Blanch
<br />~~-"` ~~~~3~i i~f G FZ T G A G E
<br />'I`RIS MORTGAGE, made and executed this ............../_.....-_.-.. day of .-_.-_/~T ..-~-~ A.D.,
<br />19-_~~---> between the Mortgagor, .ASSOC.I.A~1;A_.ZYTIT+&ANT..C.O1tPQ~QTZS3N._......._' ......................_...._.....--
<br />organszed and existing under and by virtue of the laws of the State of .._.._iiehzaslta-...-.__.-..-..., herein-
<br />after referred to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN
<br />ASSOCIATION OF LINCOLN, 1285 "N" Street, Lincoln, Nebraska 68501, its successors and assigns,
<br />hereinafter referred to as the Lender.
<br />WITNFSSETH: That the said Borrower for and in consideration of the sum of .,FIFTF_THOUSANA--.___
<br />..FIGHT HONI)RED._FIFTY.ANB-,NO/100.----.-.----------------Dollars (USS_50-,850_.00..-.....----_......)
<br />paid by said Lender, does h?reby mortgage, grant and convey to Lender, its successors and assigns; the
<br />following described property located in the County of _....Elall,__._ _ ........... .......~ Starr of Nebraska:
<br />Lot chte (1), Flack Two (2), Country Club Subdivision, being a part of the East Half
<br />(Erg) of thr; Northwest Quarter (E'~tdWlz) of Section F8, Township 11 North, Aaage
<br />e~est e;f the 4t'.^. :'.="i., Hali County, Nebraska
<br />Toct;~•tst;s with ail the improvements now or hereafter erected an the property, and all easements,
<br />rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and
<br />water stock„ and alI fixtures now or h_ ereafter attached to the property, all of which, including replace-
<br />ments and additions [heroic, shall be deemed to be and remrun a Hart of the property covered by this
<br />Mortgage; and alI of the foregoing, together with said property (or the leasehold estate in the event this
<br />Mortgage is on a leasehold) are herein referred to as the "Propert.y"
<br />Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right
<br />tea mortgage, grant and convey the Property, that the Property is unenellmbered, and that Borrower will
<br />warrant and defend generally the title to the Property against all claims and demands, subject W any
<br />casements and restrictions #isted in a schedule of eaeeptions to coverage fn any title insurance policy in-
<br />suring l,ender_ inteatest in the Property, or (Z) attorney's opinion of title from abstract of title c~ctified
<br />by kx3nded abstracter.
<br />Pttttr; tuns A1.•w~t, and these presrnts are executed and delivered upon the following cortditiol~, a~r~~-
<br />_ - =,_r -i5_--,___~ _ _ - --
<br />G.z_~~rlt.~ ~... ::ax:g ~:re:;., :., d.-..- ,~€: ~.;is,' .`, t3 `::a:
<br />The x3orrowt'r Te;+~ to prey to Ehe r c#r•r_ or or~!~r, ti;~~ i=ai.,t•~x~t `~° ~ FI_d?TY__T_R4?1f~4~'sl~_EIGtiT--
<br />lili.1311~. ~z>:'1'x ~+Tt riui`t4u__ _____.. _~_______________Dollars tt`S ~4 .5C?.c~50,Ot~--.. )
<br />ptxyaltle a4 provided in a note exc~uted and dehvered, concurrentiy° herewith, the final fragment of prineilaal,
<br />if not sooner paid, eta the :f'~rSt< da, of 4~'u~t ~gc2(Js~=?
<br />t!NtrosiK Cavi<!v~,~rs. Borrower and ~l.entler coveanant and aptreca as folloua:
<br />1, Pay :cant a# Pr#rtciptll and Int>rrsat. Borrower shttl! pmrnptly pay when due= t}te° principal of and in-
<br />tertrast' on the indehtctlne>s evidrtxtd by the i;c:te, pr~~frayment ttrtd late chargez? as pmc•icietl in ttre Ncatr,
<br />izatd the Iarineipal of rand interest on ant' Future Advance:; seeurecl b}~ this Mortgage.
<br />2. Funds far Texas mid lnsurcnca. Subjrx~t to l.encle=r':, option under paragraphs ~i and .`i herarof, 13trr-
<br />rower shalt pay to [.ender nn the du}~ tnrrnthl~• instAUment~ of principal anei interest xre payahtt~ nsl+hr ihr~
<br />otr, until the Note= is paid in ful#, a sum lit<=rein `Fans#'°i actual to ont•_iwelfth erf [tat? tiri ai °:ctr~e snti
<br />awt~s.~:mertts which n19y attrtin frt~iority over this '14ortgage~, and grauntl rents on the Prirfaert~°, a' ~t• #ahts
<br />one-tweItth of yearly prt,•ntium instaihnentra for hax:ard insurance, plus one-twelfth of yearly frre3tniunl in-
<br />stallinents for mortgage i~urance, if env, all as reaseanabty c+.vtirnated initiaIIv and front time fn time lay
<br />Lender on the basis o€ aasessmont*a rind biHh and reasonable estiltletcs thctreof, Lender shag apply the Ftmds
<br />tta pay :+ad tar., asser.9ntenr3, insurance prxn:turns nnc# ground rents lxntler shall make ncs charge for eta
<br />irt'leJir~g and applying the Funds or verify-:.~ _ d ctia::,frdi:g ~,~el a~ ,:t~..t, one: #ailla, q'he L ells dr-r s1t.~ll
<br />give t<r the Borrower, without ehargt, tut annual accounting of the Funds showing ct~dit5 and debits to the
<br />F~.lntfs anti the per{xase for which Bch cl~iit to the Fun<#st wa.~ nladu. The Ftulds are pt~dgtd a.~ aclditt`,canal
<br />sectlrity for the slrms secured la this tAlorkgage. The l3orrawer apt that the €tmds may he bald by the
<br />l;.ender and ccammingled with other funds and thg Lender's own funds and the Lender may pay such items
<br />from itg own funds and the Lcrtder yhaH not tae liabta for inttrest or dig idFndr, tin such Funzls
<br />-- If the amount of rho Fonda held by Lauder, together with the future nxanthiy installments of Funds
<br />,payable prior to the due dates o€ taxes; ts, insurance preminma and ground rents, shall exct
<br />tllc amount required to Y said taxes, assesanlents, insurance premituns and grtrursd [rests as they felt due,
<br />sueli tlx~ss shalt 11e, at f34rrawer's aptaon, either promptly repaid to f3orntwer or eractitetl to Bnrmwer an
<br />r~ionthly insiattmenis of Ids, If t:t1e amount of the Funds held by Lander shall not be suf£tcient tea pay
<br />taxes, assessments, insurance prerriulHa and g~tuld nn+~ es they fhll due, I~orrower shill pay to Lender
<br />any amount. ne~eaanr to xrt~ke np t>~e de£+rseltriy withisr thirty days after notitr from L-ender t~ Bot~acser
<br />requesting payment thereof, or >darrower shall, ley an incaeaee in monthly installment of Funds required,
<br />repay tit! der~c-iency within the Fund a~ountin¢ ~r#od.
<br />Ufxan paytnent in full of all sums soured by this Mortgage, Lender shalt apply Funds held as a credit.
<br />against ail sums doer.
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