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INdIVIDUAI.
<br />DUE ON SALE
<br />"'~ - OPTIONAL FUTURE ADVANCES
<br />SAVINCsS FUND
<br />Foanf No. 720-479 -
<br />Loan Number__43222______1QQ______1__
<br />- Type alanC.r1
<br />~~~~~~~~ M®RTGAGE
<br />THIS MORTGAGE, made and executed this ..__......L3._.-___...._. day of ...... _.._ ._..:. A.D.,
<br />19. ~Y. __, between the Mortgagor, _. itobert„ 1),, _ _ P_lac ze?c. _ and.. Linda. - 5,..-P laczek, _ h>asband...and.. wile ,
<br />_____ , , __., . __ jointly__and each„in their ,own. right,„_
<br />of ....Grand Island ,County of -__...._.___Hall__...__., grate of . N2braska,_,.,__, hereinafter referred
<br />to as the Borrower, and the Mortgagee, FIRST FEDERAL SA~INC,S AND LOAN ASSOCIATION OF
<br />LINCOLN, 1235 °`N" Street, Lincoln, Nebraska 6&501, its successors and assigns, hereinafter referred to
<br />as Lender.
<br />WtTxtsseTx: That the said Borrower for and in consideration of the sum cf SIX. THOU$AIQI)_,A1`iA .,.
<br />NO/_100-------_-----_---------------~-----.-------.----.----Dollars (US ~w... _fi,000,.QQ-
<br />)
<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 Two (2) Block Two (2) Brentwood Subdivision, In the City of Grand Island,
<br />Hall county, Nebraska
<br />Toc:e:Txt:a with all the improvements norv or hereafter erectc:l 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 teplace-
<br />ments and additions thereto, shall be deemed to be and remain a part of the properly covered 6y this
<br />Mortgage; and all of the foregoing, together with said property (or the leasehold estate in the event this
<br />Adortgage is au a leasehold) are herein referred to as the "Property".
<br />Borrower covenants that Borrower is ]awfully seised of the estate hereby conveyed anct has the right
<br />to mortgage, grant and eonvey the Property, that the Property is unencumbered, and Thai Borrower wzkl
<br />warrant and defend generally the title to the Property against all claims attck demands, subject to any
<br />easements and restriction. listed in a schedule of exceptions to coverage in any title insurnnee Ixalicy in-
<br />suring Lender's interest itz the t~roperfy, oe (2} attorney's opinion rat title from abstract of titIp rei~ti6ed
<br />by bonrlec3 abstract€r.
<br />1'aovtnt:n Ar.wnvs, annd these presents are executed and delivered upon the tollowing conditicrn~,,agree-
<br />ar:ant.s a.,~, cbli>ation: of tkte Borrr;w'tx. to-w'it:
<br />The B-r~orver ~r-~ to pa~• to t}~a Lt••,~t~•= ~•r t+rR=. i!z~ }r^. ~l st:n: t~tS~~. T}t-U,11'SA;\iL :l,+~f~l t~
<br />- s_-_-_, _. ~il~ .~z
<br />^------------------------------------------^-__------~-Ikzllarr tt'S : 6:~0a]Gl .. -..... }
<br />payable as provided in a note executed and deliverrrd. c+rncurrentl}' hen•with, the final payment oC prkncilhal,
<br />it not srxrner paid, an the .....First dat~ of Sreptetxiber 1~k9
<br />Urar+era;t Covrxatvrs. Bornzwcr and Linder covenant and amerce as follows:
<br />f, Payment of principal and interest Hortvwer shzcl! promptly liar when due the princilrai of and in-
<br />!crest an the indebtedness evidenced by ikze tiers, pr?i'ray~=zsnt and IaCcr charges as l}rvvided in tlrcr Kota,
<br />sort the principal of and interest an an3~ Future Advanr,•s srrueed by this Murtga};e.
<br />2, Funds for faxes and Insurance. tiuhjert trr Lender'. option under }raragraphs ~k and ;~ herexaf, Bor-
<br />ry;urer shall pay to l.endex un the derv monthly installmenth of principal and interest are payable utnder the
<br />Note, until the ~;oto is paid in fu(f, a gum (hr~n~in "Panels"1 ~•yuul to one-twelfkh of the yearly tuxes and
<br />rza.a~ent whit h nay attain priariiy o.•er thL>~ ;~Cort~a;;t•, and rrt}umI rentti on rho Property, if ar},~ plu:t
<br />one-twelfth of vrariy premium insta[Imcwnts for hazard insurance, plus one-twelfth of yearly premium in-
<br />atallmt+ntn for mortgage insurance, if any, all as reasunairly e+timated initialh• and from titm* to time by
<br />lender on the hash: of as.se~srnc:nts anti Iri!!s and reasonable estimates thereof, jtrnder shall apply the Fonda
<br />to frtty said t?rxcv, atigesvnrents, insurance **t`emit=nLS and znaund rene=w. I~nder sizakk make nc charge far n
<br />holding and applying the Fundh or verifyinf; and cottzpilinl; r~sd tt<~rsf~~:ments and bilks. The troller shnll
<br />give to the Burrower, w•ithaui charge, an annual aecounting of ilia Funcks showing credit;: and debits tc the
<br />Funds and the putgw.~ for which each debit to the Funds was made. The Furtds are pledged ear additional
<br />sr.curity for the sums secured by this Mortgai;e, The Borrower agrees that the Funds may be held by the
<br />Lender and commingled with other Banda and iho Lender's awn funds and the Lender may pay such items
<br />from its own funds and the Lender shall not ire liable far interest or dividends cm such Funds.
<br />If the amount of the Fends held by Lender, together with the future monthly installments of Funds
<br />payable prior to the due dates of taxers, assessments, insurance premiums and ground rents, shall exceed
<br />the amount required to pay said taxes, assessments, insurance premiums and ground rents as they fail due,
<br />such excess shall be, at. Borrower's option, either promptly re aid to Borrower or credited to Borrower nn
<br />monthly instailment.9 of Funds. If the amount of the Frrrtds held by Lender shall not be sufficient to pay
<br />taxes, assessments, insurance-premiums and ground rents as they faH due, $orrower shall pay to I.endcr
<br />any amount netic~sary tv make up the deficiency withfn thirty days after notice from Lender io Botxower
<br />requesting payment thereof ar Borroier shall, by an fncreaso in monthly installments of Funds required,
<br />repay the deficiency within Attie Fund accounting period.
<br />Upon payment in full of all sums secured by this I4fortgage, Lender shall arply Funds held as a credit.
<br />against all sums due.
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