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INDtvtouAL
<br />DUE 6N SALE
<br />~~ OPTIONAL FUTURE ADVANCES
<br />SAVINGS FUND
<br />FaaM No. 720-479
<br />Loan Number_429$4____-_199__-__1__
<br />- - ryoe a.,~cn
<br />79-'~~~ MOR~'"Gfi~GE
<br />THIS MORTGAGE, made and executed this -.._ _.a2-7__.......... day of .._-.~ .__ ... . .......... A.D.,
<br />....
<br />lS..~r1.. ,between the Mortgagor, Maurice-7l. _Kniep-.and. Gonnie_5....ICniep,_hushand.and.-zrife.,.._..
<br />~.r~inily and--each_ia..their_.nwn.right.> - .................._...._.. _ _ _...-._....___ - - - ._..........-.-.........--
<br />of _&rand..Island.__...._, County of ..Hall...._.........._......., State of _Nebraska...._-, hereinafter referred
<br />to as the Borrower, and the Mortgagee, FIRST rr^ED'ERAL SAVII~TGS AND LOAN ASSOCIATION OF
<br />LINCOLN, 1235 "N" Street, Lincoln, Nebraska 6F+501, its succe~.nts and assigns, hereinafter referred to
<br />as Lender.
<br />~r~tTNSSSeTa: That the said Borrower for and in consideratior, of the sum of -TfIIRTY..F.IYE..THOUSAND
<br />AND_NO/1.QQ----------------.-----.------.-c--.----------c.- Dollars (US 5.35.>.Q40...4Q.-...._...,..._.._)
<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 ...........llall......__..---..._._., State of Nebraska:
<br />Lot Thirty (30), Rand B Subdivision, Hall County, Nebraska
<br />Tcx.eTxea 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 or hereafter attached to the property, all of which, including replace-
<br />ments and additions thereto, shall be deemed to be and remain a part of the property covered by this
<br />Mortgage; and all of the foregoing, together with said property (or the leasehold estate in the event this
<br />Mortgage is nn a leasehold) are herein referred to as the "Property".
<br />Fiormwer covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right
<br />mortgage, grant end convoy fire Property, that the Property is uneneunibereti, and that Borrower will
<br />wattant and defend generally the title to the Properh against all claims and demands. suhiect to env
<br />easements and restrictions listed in a schedule of exceptions to coverage in any title insurance policy in-
<br />suring Lender's interest in the Property, nr t'!1 attsarney's opinioa of title from abstract of title certified
<br />i~v bonded ahsiracrer.
<br />='acavttzr At=w,y, and the=ca prs~~:•nt;: arc• cxe~=~tted and delivered upritn the following s:unditiona, age-e~-
<br />mettt_. and o€>liga#ians of ehe 13orrvwr-r. to-v~-it:
<br />The Borrower agrees to pay to the Lender, or order, the principal sum of THIRTY. FIYE..TIt4US8ND ..
<br />AMD. N01100--- ---°. ------ ----r-_. .--____~.~__ Doltars (US 535,4Q4.44.. ....._ __ )
<br />payable as prati•ided in a tote executed and delivered, concurrently herewith, the final payment of principal,
<br />if not sooner paid, on the - First. .day of .. SePKt<t4ber .. , ~20Q9
<br />UNil:uaez Covn:N~ta•rs. Borrowec and Lender covenant and agree as folluu•s
<br />i. Payment of Principal and Interest. Harrower shad promptly pay when due the principal of and in-
<br />Cerest on the indebtedness evidenced b_y tho Note, prepayment and late charges as provided ht the Note,
<br />and the principiil of and interest on any Future Advances secured by thie Aortgage.
<br />2. Funds for Taxes and tnsurance. Subjeck to Lender's option raider paragraphs # and •5 hereof, Bor-
<br />ruuer :;hall pay to Lender on the day monthly instalimenta of principal and interest are payable under the
<br />NtItE, until ehe Nute is paid in full, a sum (herein "Foods") equal to ono-twelfth of the tirady taxer and
<br />assessments which may attain priatity over this Alortgage, anti ground rnnts on iha 1''mpert~•, if any plus
<br />one-twelfth of gnarly premium inst~ajlments for hazard insurance, plus one-twelfth of ~-,•cirl}~ pretttinm in-
<br />atallments far mortgage insurance, if env, all as reasonably evtinuitr=d initially and fnatn tune to time by
<br />l~rdur on 'he l~as:~ of azstnent~ :ncl bills and rea~anahle cstimttt=s. tht;rs;f, I~-ndt>r shall apply the F-ands
<br />to pay said taxeu, assessments, insuratne premiums soft grcaand rents. I.c=ndc°r shall makt3 no e•harge for so
<br />holding and applying the Funds ar verifying and comlailing said assessments and hilts. The bender shall
<br />give to tho Borrower, without charge, nn annual accounting of the Funds shoving credits and debits to the
<br />Fund_a acd the purpose for which each debit tea the Funds was matte. The Funds are pledged as additional
<br />security for the sums secured by this !blcrtgage. The Borrower agrees that the Funds may be herd by the
<br />Louder and commingled with other funds and the Lender's own funds and tho Lender may pay such items
<br />ftram its own funds and the Lender shall oat be liable for interest ur dividends on such Funds.
<br />If rho amount of the Funds held by Lender, together with the future monthly installments of Funds
<br />payable prior To the due dates of taxes, assessments, insurance premiums and ground rents, shall ea.eeed
<br />'the amount required to pay said taxes, assessments, insurance premiums and ground rents as they fall due,
<br />such excess shall be, at Borrower's option, either promptly re id to Borrower or credited to Bormwer on
<br />monthly installments of Funds. If the amount of the Funds held by bender shall not he sufficient to pay
<br />taxes, assessments, inaurr.nce premiuts and ground rents as they fact due, Borrower shall pay to Lender
<br />any amount necessary to make an fire deficiency within thirty days after notice from Lender to Borrower
<br />r •yueatiag payment Thereof, or torrower shall, by an increase in monthly inataliments of Funds required,
<br />repay the deficiency within *_he Fe:nd aeeourting period.
<br />Upon payment in full of all sums secured by this i\4ortgage, Lendor shall atpph' Funds held as a credit
<br />against all sums clue,
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