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<br />INalvlauat_
<br />auE ON sA~E
<br />~' OPTIONAL FUTURE Aa1iANCES
<br />~ SAVINGS FC1Na
<br />~y Faxa Ho. 72Q-479
<br />~I' Loan Number__43117 - 188__- 1
<br />_ T.,e s,.~~~,
<br />79-~ Qf~fi~6-3 M t? R T G ~, G E
<br />T~IIS ioIOHTGAGE, made and executed this ._........ 5... `~~
<br />y -_. - -.-. day of .. c:Fc =- - ......_.... A.D.,
<br />19--7...., I~tween the Mor±gagor, -_.Ghuck..l?.,..Hasse-.atxd...I9y~e-.7..,.-.Haas,_hu~kaitd--~d_.tzi,fe.-----.-..
<br />:i52~t7.Y--and.. each.-~A--theix --Q~..T<igh>=.--------.-_--cr..°-- _-----r----------.--------c-----
<br />af .Grand-.Island.------.-... county of .------Mail..------------.--, State of ..hebxaska_...._, hereinafter referred
<br />to as the Borrower, and the 14iortgagee, FIRST FEDEFAL SAVINGS :4IVD LOAN ASSOCIATION OF
<br />I.IItiTCOLIv, 1135 "N" Street, Lincoln, Nebraska 685Q1, its successors and assigns, hereinafter referred to
<br />as Lender.
<br />W[TNffiSETH: That the said Borrower for and in consideration of the sum of FORTY._T1IQUSAA'l2._..---
<br />Ir_Zti-1lT.--H41LzARED, AI!ID-*IU/100------------------.--.-.Dollars {US S-_. 40,8.t70,.QJ--------------)
<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 ._-.._..._Halll.----.-_....._..-_.-., State of Nebraska:
<br />Lot Fifteen (15) Isaperial Village Eighth Subdivision, Grand Island, Hall County, Nebraska
<br />Tocsruvu 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 futures now or hereafter attached to the property, all of which, including replace-
<br />men~ and additions thereto, shall be deemed to be and remain apart- of the property rnvered by this
<br />Adartgage; and aII of-the foregoing, together with said property (or the leasehold estate in the event this
<br />Mortgage is on a leasehold) are 1=erein 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 unencermbered, and that Borrower will
<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 e~verage in any title insurance policy in-
<br />suring Lender's interest in the Property, or {`?) attoraey's opinion of title from abstrnct of title certiSed
<br />by bonded abstracter.
<br />PYOVmsn ALWAYS, and these presents are escorted and delivered upon the following conditions, agree-
<br />ments, and obligations of the Borrower, to-wit:
<br />The Borrower agrees to pay to the Lender, or order, the principal sum of -FORTY- THOUSATID--..---.....-
<br />~~-- .Dallars (U5 $..._ 40,80Q.90.- _ -- --- )
<br />f~ BRED-AND--NQ-jiOC?-----------------------------..----- ------- -
<br />payable as provided in a note e~xsr~d and delivered, ~r~c~erptly heren=ifh, tky~ f'in~l,~ay[nent of principal,
<br />if ~t sooner paid, an the - -- - - - -- - .day of . - -- -_...__-........-- - ,R-~--....
<br />Uxr[rtsgas Covrsttexrs. Borrower and bander rnvenant and agree as follows:
<br />1. Raycoeat ad ~d laterest. Borrower shall promptly pay when due the principal of and in-
<br />teses# oa the indehtedrress evidenced by Ybe Note, prepayment and late charges as provided in the Note,
<br />and the principal of and interest on any Future Advances secured by this Mortgage.
<br />2 Fords &e Torres ®d Is~nzance. Subject to Lender's option under paragraphs 4 and a hereof, Bor-
<br />rower shall pay to Lender on the day monthly irrsta)lrnents of principal and interest are p.~tyable under the
<br />Note, mtr7 the Note is paid is full, a sum therein "Funds") equal to one-twel#th of the yearly taxes and
<br />asaes~ts which may attain priority aver this Dfortgage, and ground rents on the Property, i# any plus
<br />aae-trvdith of yearly preminm Snstallments for hazard insurance, plus one-twel#th of yearl}• premium in-
<br />shalia3mts far afortgage insurance, if any, all ss reasonably estimated initially and from time to time by
<br />Lander on the basis of aa-se~ents and bits and reasonable estimates thereof, Lender s'nall apply the Funds
<br />~+ Pay ~, eta, iasurarree premiums and ground rents. Lender shall make no charge for so
<br />hag arul applying #hn Funds or verifying and comprling said assessments and bills. The Lender shall
<br />~e~ tie Bormwrer, without urge, an annual accounting of the Funds showing credits and debits to the
<br />s aid tiny lrurpoee fiir Which each debit to tdre Ihrnds was made. The Funds aze pledged as additional
<br />aea~Itl~! l~ the sums scorned i~~qy this Mo*~-_, The Borrower agre~a that the .Funds may be held by the
<br />T aad eammusgled with ot~[er farsda and the Lender's own fiords and the Lender may pay such items
<br />Stara itta aWa ahrl the 31mad~ shall not be liab~ for interest or dividends on such Funds.
<br />aaaq~art at the l held by L together with the future _ monthly installments of Funds
<br />pale l ~ dae Batts saf tus~ts; sertts, u[snrancs' premiums and ground rents, shall exceed
<br />the. r~Zat>3ad to pey sahl taxes, eta, insurance pr+®mitrma and ground rents as they fall due,
<br />astt~ EEx a~n~l!' be, at Boamivet's opus, eitherr pmmgtlY repaid to Borrower or credited to Borrower on
<br />~`i~alltnen#g of Funds. L` the smoutit u# the Funds held by Lender shag not be sufficient to pay
<br />taa~; agseasridtfs, insurance prestiutrrs aad grow-[d teats as they fall due, Borrower shall pa_r- tv Lender
<br />m-Y t necessary ~. mom. ~ whe defic3tatcy within thirty days after notice from Lender to Borrower
<br />~ Lit thereof, is Borra~ver shat, by an increase in monthly installments of Funds required,
<br />repsY the de&3i3ney withiin the Fund eii~ranB:lg period.
<br />Upmr payment is faxll of aIl same:secured by this Mortgage, Leader shall apply Funds held as a credit
<br />against all sums due.
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