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<br />INDIVIDUAL
<br />DUE- fJN SALE
<br />o~TIONaL ~UTtlRE ADVANCES ~~-'~'-` ~~~'~~,~
<br />SAVINGS FUND
<br />CORM No. 720-479
<br />~~ Loan Number_42792____ 149__x_1___
<br />TYOe Br~nc~
<br />MORTGAGIE
<br />THIS MORTGAGE, made and executed this ..__.15........._...-.._. day of .-,.__.._August__-.-_---,.- p,D.,
<br />19.-Z9-..-, between the i:4artgagar, ._-Bet<Ly...b,...~.FaRkta,3z~,...a...si.ngle..ps~x'SOti,--.._.----.--_...-----.-.----.--..------
<br />of ---..-.Grand..Island...._.., Conntv of .. Hall..._-----....-----...._, State of ._l?eh-raska.__.., hereinafter referred
<br />to as the Harrower, and the lLtartgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br />LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to
<br />as Lender.
<br />LVtT sTx: That the said Borrower for and in consideration of the sum of ..-FIVE THOIISAND_._
<br />----
<br />AND NO ------------------------------------------ 5 000.00
<br />- - • - - - .-.... --._........_.. - --. _ - -- - ............. -- - -Dollars (US $ -- - _ '-- _ _ -- --- }
<br />paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br />following described property located in the County of --_._--.. Hall.__ ..................., State of Nebraska:
<br />Lot Five (5), in Sunset Seventh Subdivision, being a part of the Northwest
<br />Quarter (NW's} of Section 11 Tawcrship 11 North, Range 10 West of the 6th
<br />P.1<f., Ffall County, Nebraska
<br />Tcrc:rz•ars with all the improvements now or hereafter erected on 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 all fixtures now ar hereafter attached to the property, all of which, including replac~-
<br />mentw and additions thereto, shall be deemed to be and remain a part of the property covered by this
<br />Mortgage; oriel ail 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 "Property".
<br />Borr~awer covenants that Borrower is lawfully seised of the c~tate hereby conveyed and has the right
<br />to mortgage, grant. and convey the Property, that the Property is unencumbered, and that Burrower wib
<br />warrant and defend generally the title to the Property against all claims snd demands, subject to any
<br />~.~~n,~r,vc s~,r3 r~,trictaana listed in a schedule of esceptiorv to eavsrage in any title ir~surance goliey in-
<br />suring I~,ncfer's into-rest in the I'ropf=riy, ar l"} attaniey'a opinion of title fresm atr5tract of tttl~ ~'erti2
<br />by bonded abstracter.
<br />I'acvtr}r.~, At.iv~y5, and these presents art. executed and delivered open the fallowing conditions, agree-
<br />ments and otsligHtians of the Borne;vor, r,;.,;•r;
<br />'1'h€~ 13.~rrowc+r agrescw to pay to the Ixnder, or order. the principal sum of F1VE.-THOtISAN12..ANI). -
<br />.N01-100----..__-_.._ °---------------------.._----------fktllar:; (ttS `~. - ..S.,OOO.tIO }
<br />payable as fsmvided in a nc>t.e executed and de}iverccl, concurmntly hemwith, the tmat payment of prineilsal,
<br />if not sooner paid, on the 1st. day of - - . $eptemher, lID 1~4
<br />Utatr7asnr t:uvFx.aw'ra. borrower an3 Lender cove-~nant and agree as follows:
<br />1. Payment of principal and Interest. Burnswer shat! prtsmptly flay when due the princ~pnl of and in-
<br />terosi on the indebtednc~s evidenced bycha Noie, prepayment and late charges as provideri in the Note,
<br />and the pctincipai of and interest on any Future Advancer secured by thin 14k,rtgage.
<br />2. ]'ands for Taxes and Insurance. Sulsject. to Lender's option under paragraphs 4 and .~ ix~reof, Hor-
<br />tv wet shall pay Co bender on the day monthly installment, of principal and interest arcs paytabie under the
<br />Note. until the Note t5 tstud in foil a sum (herein "Funds") dual to one-twelfth o{ the yearly tsxeG and
<br />assossnxents which may attain priority oust this 141ortgags~ and ground rents on the Pzoperty, if any plus
<br />one-twelfth of yearly premium installments for hazaed insurance, plus one-twelfth of yearly premium in-
<br />stallments far mortgage insurance, if any, ail as reasonably estimated initially and Pram time to time lry
<br />Lender on the basis of assessments and hills and reasonable eatimatss thereof, Lender shall apply the Funds
<br />t1Y *_tay mid taxes. as~>ssme*rts, ins,Yr-n~•e premiut'trs a,•_d ground reQ*_a L.ender shall make n%~ charge for so
<br />balding at;tl nnnlt ins t_he F~Ynrls nr gwri €vin~ nod r~~m~ii t_in~ w~id a ~rrt~nic Hid hil~~, Tlae I¢~rdrr shall
<br />give to the Harrower, without charge, an annual accounting of the Funds showing credits and debits to the
<br />Funcfa and the purpose for which oath debit to the Funds was made. The Funds are pledged as additional
<br />security for the sums secured by this Mortgage. The Harrower agrees that the Funds may be held by the
<br />Lender and commingled with other funds and the Lender's awn funds and the Lender may pay such items
<br />from its own funds and the Lander shall not be liable for interest or dividends on such Funds.
<br />If the amount of the Fundy held by Lender, together with the future monthly installments of Funds
<br />payable prier tae the duo datoa u# txucw, assessments, insurance premiums and ground rents, shall exceed
<br />the amount required to pay said taxes, assessments, insurances premiums and ground rents as they fall dne,
<br />such excess shall be, at 8errrower's option, either promptly repaid to Horrower or credited to Borrower on
<br />monttsl installments of Funds. If the amount of the Funds held by Lender shall not be sufficient to pay
<br />taxes, assesarrrerrts, insurance pretniur>:s and ground rents as they fall due, Borrower shall pay to Lender
<br />any amount noc.•ossary tv make up tfre deficiency within tdtirty days after notice from Lender to Borrower
<br />requesting gayment thereof, or $orrower shall, by an increase in monthly installments of Funds required,
<br />repay the deficiency within the Fund accounting period.
<br />upon payment in full of all sums secured by this 14Iortgage, Lender shad apply Funds held as a credit.
<br />against: all sums due.
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