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<br />lhtDlVET')UAL
<br />P3UE CIN 5A3.,E
<br />C1PTtdlti3AL P'UT"Uf2E AD1fAlo+1GE5
<br />1 5AV1MG5 FUNf7
<br />FoaM No. 720-379
<br />~~ i_oan Number__ 42944__~__l99_-__I__
<br />- irne Bra~cn
<br />79->~`~`~~~ MORTGAGE
<br />THIS b10RTGAGE, made and executed this .___- -,~`.1.._.......-... day of ....-..~w,~_ ~ A.D.,
<br />19.~~...., between the Mortgagor... Dale, H. Bahney_and. Mary Bahney, tausbanH and wife,
<br />_,. jointly and each- in their own r3~ht,. _ _ _ __„ _ _ _. -
<br />of _..Gxand._lali;nd... _... , l;ount.v of __...Ha11. ..-_._.__....., State of .....N..ebraska.__., hereinafter referred
<br />to as the Borrower, and the ;tifortgagee, FIRST FEDERAL 5:1VINGS AND LOAN ASSOCIATION OF
<br />LINCOLN, 1235 "IRt" Street, Lincoln, Nebraska 685f)1, its successors and assigns, hereinafter referred to
<br />as Lender.
<br />WtTxESSETH: That the said Borrower for and in consideration of the sum of ._..T~".?E?~?~'FIVE
<br />_THOUSANT}_t1ND NO/100-^--------------°-------_----------'Dollars (US $.. 25.Q99..Q9-........_..- )
<br />paid by said Lender, does hemby 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 Eleven (11), in Spelts-Schultz Addition to the City of Grand Island, Hall County,
<br />Nebraska
<br />Ta;eTxEa with all the improvements now or hereafter emoted 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 ali fixtures nnw or hereafter attached to the property, all of which, including replace-
<br />ments and additions thexeto, shall be deemed to be and remain a part of the property covered by this
<br />1ortgage; and ail of the foregoing, together with said property (or the leasehold estate in the event this
<br />\4rtgage is nn a leasehold) are heroin referred to as the "Property".
<br />Bormwer covenants that Borrower is lawfully seised of 4:he estate hereby conveyed and has the right
<br />to mortgage, grant and Canvey the Property, that the Property is unencuttzbemd, and that BOt'TQWPr will
<br />warrant. and defend generally the 'title to the Property against ali claims and demattds, subject to soy
<br />~sement4 and n~strictions list~!d in a schedule of excegtions to coverage in any title insurance golicy in-
<br />sur'inr! Lenderz interest in the Prugcrty, or (2) attorney's tapir+~on of title from abstract rf title certified
<br />by hcutded abstractkr,
<br />Pff3{•Ili~o At.t;•nY=. and sheet= presents are axertlted anal delivered ufx=n the fa;lla::-inF ;:o;tditions, ;^gt~-
<br />men#s and ahligatit;ns of the Bnrrfwer, to-wxt;
<br />~f t}~ 1~-Irrvzver 3fgTrE'4"F -tt tae} Ea [.ne txr ~+r, t3Y tar 7E°r, tti pfln~`Ipal ~un3 t3f _ - ~'~ ... .
<br />~~-.r}1~i3 tt;Y:v ~, }.rc~-._- __...--- _-- ---_ ----_~}iatlt2^» (t;~~*i.~-vc"fc.uv~
<br />. -__ ...
<br />payable as pravidecl itt a note executcc! and delivered, runcurrently herewith, thc+ final paamc•nt of principal,
<br />if not. sooner paid, on the - ..First, clay of September . ~ 2009
<br />Ulvtt~•ctaht f'ovF;vnlrrs. 73orraawe~r and Lender covenant and agree as follows;
<br />1. Payment of Principal and Interest. €iorrower shah promptly pay when due the principal of and in-
<br />rerest on the indebtcdnea~y evidenced by the Nute, prepaylttent and late charges as provided in the, Note,
<br />and the principal of and interest eta any Future Advance; secured by thi; llrlrtgage.
<br />2. Funds for Taxes and Tl~srrarteQ, SffhjeCt. to Lender's option under paragraph4 4 and :'~ heravaf, 13r,r-
<br />rower shall pay to Lender on the day monthly installment:: of principal anal interest are pa>°abh uudt~r the
<br />Note, until the Noto is paid in full, a sum (heroin "Funds") et{ual to one-twelfth of the ycari~~ iaie.. and
<br />asssasstnents v°hieb may aktain Itriarity over this ltrrtgatc~, and ground r~>nt5 on iho 1'rapert~ t :;=t~• piut
<br />one-t:wel#th of yc*arly prcmutm installments for hacard insurance, plus use-t.wtlfth of yearly luetnium in-
<br />stallments far mortgage insurance, iY" any, ail as reasonably estitnated initially and from time to time tav
<br />bander on the basis a~f as~tssments and hills and reasonable rr-timates thereof, Lender shall apply the Fun<~s
<br />to pay said taxi, asscssntents, insurance premiums said grnunci rents. Lender shall make na c)targe for sae
<br />htlldilag atYal app,}ittg the kizncia or y~rif}~n(t and c~mphng =<aid a:isa~hmcnt:~ imd Gills. 'i'lt~ l~ncirr ;:hats
<br />give to than 13nrrotiver, without charge, an annual acnaunting of tlfc Fundo';h=awing etedit;? and dE+hits t,~ the
<br />Funds Gnu the putpaxse for which each debit to th45 Funds was made. The Funds are pledged as additional
<br />security far the sutras secured lay this Mort~agc=. The Bormwer agues that the Fundia may hf- hold by the
<br />Lender and commingled- with other funds and the Lender's own funds and the Lender ntay pay such items
<br />from its own fonds and the Lender shall not he liable for intemst or dividends on such Funds.
<br />Ii` the amotant of the Funds held by Lender, togethe.-r with the future monthly installments of Funcls
<br />payable priox to the due dates of taxes, assessments, insurance gremiuma and ground rents, shall exceed
<br />the amount required to pay said fazes, assessments, insurance premitluns and ground rents as they fall due,
<br />such excess shall be, at $orrower's option, either promptly repaid to Borrower ar credited t<: Borrower oft
<br />monthly installments of Funds. :f the amount of the Funds held by Lender shall not he sufficient to pay
<br />taxes, assessments, insurance pretniutns and ground rents as they #all due, Harrower shall pay to Lender
<br />any amount necessary to snake up the deficiency withal thirty daye after native front Lender tta Lnrrewer
<br />mgtiesting payment thereof, nr Borrower shall, by an increase in monthly installments of Funds reatuirecl,
<br />repay the deficiency within the Fund accounting period.
<br />Upon payment in soli of alt sums secured by this ltiortgage, Lender shall apply Funds held as a credit.
<br />against ail FU71t7i due.
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