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<br />fND1V1DUAL
<br />.,,~-.~ DUE ON SALE
<br />aY Pi ~"~ 'pPTI+FJNAL F143TlJfZ£ ADVANICES
<br />SAVINGS FUND
<br />t' OQN No. 72t3-479
<br />~~jj (~(~~p qy Loan Number__435.14___-_188_-_1__
<br />E.7° ¢7t~1 Trae 6.sncn
<br />1~90RTG.a:GE
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<br />THIS MORTGAGE, made and executed this ...---...~~.----.._... day of ~~ ~-------.-.-.-- A.D.,
<br />19_7f..., between the Mortgagor, .._T.ed-.~.,._hewis-.attd_Daupa.L,_..Lewis-,---. us-.and--and wife, _.--,._..-.
<br />-...3ointly-.-and_.each..in-.thei.>i ..otvrt.-zight~ ._ - - - -. ._...... ._. ............ . . ... . .
<br />of ...-Grand_Lslaad..-_._.-, County of -..._.-llall__..-.._._.._.--, State of ..Nebraska_-_.-,~ hereinafter referred
<br />to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br />LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter refereed to
<br />as Lender.
<br />WtTxr:ssr;Tx: That the said Borrower for and in consideration of the sum of .-.FIF.'1'Y..NINE..TH.QUSAND
<br />DNE_.IiiINDHEil_TWENTY_.AND_N91J.04-------r.------.---c--.--.-..Dollars (US ~.....59,,120,,00-..-----.-----)
<br />paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br />following described property Ioc»ted in the County of .___.......Hall ..... ........ _.-., State of Nebraska:
<br />Lot Forty-three (43) Western Heights Third Subdivision, Hall County, Nebraska
<br />ToceTxee with all the improvements now or hereafter erecter 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 on a leasehold} are herein referred to as the "Property".
<br />Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right
<br />to mortgage, grant and convey the Property, that the Property is unencumbered, and that Borrower xrill
<br />warrant and defend generally the title to the Property against all claims and demands, subject to any
<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, or (2} attorney's opinion of title from abstract of title certified
<br />by bonded abstracter.
<br />1'aovtvEp At,t+;~YS, and these presents are executed anti delivered ulxzts the following 4~?naitiuns,agree=
<br />menu an~i olrligatiuns of the Burrower, to-4vit;
<br />fh2 I#ur.,,r~er ogre . ,.o pay t~ the Lertdc-r, ur order, the principal sung of FIF'1"i iilis`E. Tllt)17S,Ai7'i - - -_
<br />_QN1r HUNARED.TWENTY--ANI) h0/100 --- ----- -----. .Dollars (C18 ~ -54,.1,2Q,9.Q__ - .- )
<br />payable as pmvided in a not-e execut~rl and delivered, concurrentt~~ here~cith, the final payment of principal,
<br />iF not sonnet paid, on the . First day of _. Qctober , ~ 2009
<br />UNtF•ottst Cuvt:Nn't•rs. Burrower and Lender coven»nt and agree as follows:
<br />1. Payment of Principal and Intorest. Burrower shall promptly pay when due the principal of and itr-
<br />terest on the ind~.btedness eviclr--need by the Note, prepayment »nd late charge:; as provided itr the Note,
<br />and the principal ,z1' and intere~at, on any Future Advances secured 6y this 141ortgage,
<br />2. Funds for Taxes and Insurance, Subject to Lender's option under par»graphs 4 and 5 hereof, Bor-
<br />ruwer shall pay to I..ender on the day monthly instalbnents of principal and interest are payable under the
<br />:Vote, until the Nofe is paid in full, a sum fhe~rein "Fund>"} equal to one-twelfth of the yearly text's anti
<br />ussessrneznts which may attain priority over this lori;a;;e, »nd ground rents on the Property, if any plus
<br />one.-twelfth of yearly premium installtusnts for hazard insurance, plus one-iN•elfth of yearly premium in-
<br />stallments for mortgage insurance, if env, all as reasonably estitnatecl initially and from time to time by
<br />Lender on the basis of asses.9men#s and bills and reasonable estimates thereof, Lender shall apply the Funds
<br />to pay said taxes, assessnrents, insurance pry mlums and gmund rents. Lender shall make nu charge for sa
<br />holding and applying the Funds ur verifying and cotnlafhng said assessments and bills. The Lender shall
<br />give to the Borrower, without charge, an annual accounting of the Funds showing rredi~ and clebit$ to the
<br />Funds and the purpose for which each debit to the Funds was made. The Funds are pledged as additional
<br />security for the sums secured by this 141ortgage. The Borrower agrees that the Funds may be held by the
<br />Lender and commingled with other funds and the Lender's own funds and the Lender may pay such items
<br />from its own funds and the Lender sha}I not be liable for interest or dividends on such i~'unds.
<br />If the amotmt 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 gmund rents, shall exceed
<br />the amount required to pay said taxes, assessments, insurance premiums and ground rents a_G they fail due,
<br />such excess shall be, at Borrower's option, either promptly repaid to Borrower or credited to Borrower on
<br />monthly installments of Funds. If the amount of the Funds held by Lender shall not be sufficient to pay
<br />taxes, assesstnent.4, irrsurairce premiums and ground rents as they fall due, .Borrower shall pay to Lender
<br />any amount neca~asary to make up the deficiency within thirty days after notice from Lender to Borrower
<br />requesting payment thereof, or Borrower shall, by an increa.¢e in monthly installments of Funds required,
<br />repay the deficiency within the Fund accounting period.
<br />Clpon payment in foil of all s•trms secured by this Mortgage, Lender shall apr'y Funds held as a credit
<br />trgainst all awns due.
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