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<br />DUE ON SALE
<br />G'3PT1(}NAL FUTURE AD'il/ANCF_S
<br />SA'!/1NGS FUND
<br />Farah No. 726-479
<br />Loan Number___'~2670__ __1&$__~_ 1__
<br />r>p« e.aa~*
<br />MOF2TGAGE
<br />THIS MORTGAGE, made and executed this ............1'7alt........_. day of ..._.Atzgvs.t........_......... A.D.,
<br />19..7.9_.., between the Mortgagor,_.._.Ronnie,_L,,__Reiber__and_Marjcrrie_M,.Rg.iber, husband._,.__..,.__
<br />and wife, jointl.y.and.each in their own rightx
<br />of .__Gxand._ls]sind_..._.-, County of _.......-_.IIa].L_.......__.., State of . N.ebz3ska._.._., hereinafter referred
<br />to as the Borrower, snd the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br />LINCOLl`r, 12:35 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to
<br />as Lender.
<br />Wtr~ssstsrx: That the said Borrower for and in consideration of the sum of ..THIRTY-ONE __
<br />THOIJSAND.FIVE IIUNDF.SD AND NO/100----°-----.-----.-,----Dollars (USS...31,~OQ. QO.... _........._..)
<br />paid by said Lender, does hereby mortgage, grant. and convey to Lender, its successors and assigns; the
<br />#ollow-ing described property located in the County of ._.._ --. _-.. Ha],.L _.....__. --, State of Nebraska:
<br />L~rt Thirty-Five (35) °otash Subdivision, in Hall County, Nebraska
<br />T€x;~..tt::s with ail 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 or hereafter attac}uad to the property, alt of which, including replaee-
<br />ments and additions thereto, shall be deemed to be and remain a part of the property covered by this
<br />Mort.{;age; and all of the foregoing, together with said property (or the leasehold estate in the event this
<br />14fortgage is on a 1€:asehold) are herein referred to as the "Property".
<br />Harrower covettantt that Harrower is lawfully seised of the estate hereby conveyed and has the right
<br />to mortgage, grant and convey the Property, that the Froperty is unencumbered, and that Borrower wi11
<br />::a-.sat ar.;; ':c` :, : ..,r--rr•• the ..•.lc t~ the n....,o..r., Q;„mot All claims and demands, subiect to any
<br />~,c: .,r_.. _
<br />ea. °ritent and ~-strirtirns lirtr-d t; a schedule of exreptiat;s to eov€rage in any title ir~ut~nc~ ~slic in-
<br />surin; Lende t ter«: iii the 1'r-.r~rty, rir t"=) attorney's alrinion €rf title from abstract of title c~:rtifie-d
<br />by handed alrsiract€~r.
<br />f'ans'€uru At.w~v°s, and ih~e presents arz3 axacutact and d€~livered upon thr3 foliawing conditions, ao-
<br />ments xn•1 alrligationz of the Barr{aver, to-wit:
<br />The Horrower rrrrees to pay to the Linder, or order- the principal sum of . ~IiXIt7:X^t31•Il<--T1;1s~i75BAli't
<br />_ ..FI+rR riiii3'lr.ttkil ~.D i~lkt;'1t~G------ -,--- __-_.~_~____-_ I)aliars (t"5 Y 31,500.c70... 1
<br />payable as trravided in a not-e Hxc~c•utrci and d~live>rerl, eonrurrently hFrewith. the- final pavnt€~nk of prirtcifr:-ri,
<br />ii not. soairer paid, un the 1 qtr claa4• ref ;1,t~txSt• , #9t :099
<br />LTzvtatitatit Ccrvt:rastv'rs. B{arruwar aed Lander covenant anti agree as follows:
<br />f, Payment of Principal and Interest. Borrower shall promptly pay when clue the prittc real of turd »r-
<br />ieresr on the ind€:btedness evidenced hu the Note, lrrepayment and late charges as provid~ci ii`r the Natr°.
<br />and the princtipal of and interest on any Future Advances secured by this Mortgage.
<br />2. Funds for Yaxes and hu:urance. Suhjcrc•t to Lender', option unrier paragraphs i am= :~ nt=rr~~f, I3or-
<br />tYrsr•rr shall pay to Lender on the day monthly installments of principal anti interest. arc paw•at,i^ under the
<br />Nate, until the Note is paid in full; a sum (herein "Funds") dual ko one-riveltth of the years}' saxۥ. and
<br />assa.ssmenLS which may attain priority truer this 'Mort=a~=, and ground rents an the Property, it an?,' Pius
<br />erne-twelfth of yearly premiurnrnstallrnents for hazard insurance, plus one-twelfth of ~aatrli trremiurn in-
<br />staitment~. for mortgage insurance, if any, all as reasanabty sstirnated initially and fram tiro€~ to time by
<br />Lender on the basis of assessments and bills and reasonable estimates thereof, L€mder shall apply the Funds
<br />ra say-s~i_d terse uec~ey_mQrrte, i~anrune@ nremit~rrrc one's nrnund rants. isnder chsll m»ut~ tin c-harxe far ~o
<br />Frnltt~n~ nnr3 ag~pl~in~ thw T-.'exndg nr venfvrng rirrrt mmpsirng uxtd ncu~~z,rr, ntu and h,iL3, The Lender shall
<br />gsvo ttr tht. Borrawer, without charge, an annual accounting of the Funds showing credits and deceits to the
<br />Funds and the purpoose for which each debit to the Funds was made. The. Funds are pledged. as additional
<br />security far the stems securod by this Mortgage, The Borrower agrees that the Funds ntav tee hel€i by the
<br />L~rtder and cammingled with ether ftmds and the Lettder'a own funds and the Lender may pay such items
<br />tram its own #uncls and the Lender shall not be liable for interest or dividends on such Funds.
<br />If the amount of Ilse FundQ held by Lender, together with the future monthly installments of Funds
<br />payable prior to the due dates of cases, assessments, insurance premiums and ground yenta, shall exceed
<br />the amount required to pay said taxes, assessments, insurance premiums and ground rents as they felt due,
<br />such exoes5 Shall lr@> at Borrower's option, either promptly repaid to Borrower or credited to Borrower on
<br />monuhly installments of Funds. If the amount of the Funds held by bender shall not be sufficient to pay
<br />taxes, assessments, insurance premiums and ground rents as they fall due, Borrower shall pay to Lender
<br />any amount neces9ary to make up the deficiency within thirty days after notice from Lender to Borrower
<br />rr'~tluesting payment thereof, or Borrower shall, by an increase in monthly installments of Funds required,
<br />repay the deficiency within the Fund accounting period.
<br />Llpon payment in foil of all sums secured by this Mortgage, Lender shah apply Funds held as a credit
<br />,mot sn ., ~ ,t„o
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