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INDIVIDUAL
<br />DUE ON SALE
<br />OPTIONAL FUTURE ADVANCES
<br />J SAVINGS FUND
<br />^~ t'aaM No. 720-478
<br />Y Loan Number__ 43380 __- 188 - 1
<br />rvoe -8>r~c~
<br />~' f~f:f39B MC?RTGAGE
<br />THIS MORTGAGE, made and executed this -.._._.._[.`C_-.-..._-._ day of -.G::'~.r~*t's_.._._..._..-.----. A.D.,
<br />19_.>%tjC.--., between the :4iortgagar, .._.Gatx..k'.-...Iustt>- .a_sangle._pezson>.-.-_._..---..--------.._...__._....-_-__
<br />of ----.Gzaad.. I;;~and--.----. County af _..-.-_-xa.1l .................... State of ... Vel7raska,--.--, hereinafter referred
<br />to as the Borrower, and 'the \iortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br />LTIQCOLIe~, 1235 "N" Street, Linwin, Nebraska 6£501, its successors and assigns, hereinafter refermd to
<br />as Leader.
<br />Airrvr~strrt: That the said Borrower for and in rnnsideratian of the sum of ._SItiTEEN TflOUSrl3:~
<br />FC?LsR_~1J'+'?J.R$B S13'TY All? 'tOJ100 --------------------- - .16 460..{30
<br />paid by said Lender, does hereby mortgage, grant and convey is Lender, its successats and assigns; the
<br />following desrrs'bed property located in the Ccuntr of .-_._.....Hall _-_. . ,Slate of Nebraska:
<br />LeE Fine 29), Block File (5] in Packer and Sarr`s Addition to the pity
<br />~.~ :>`rarxi 15'.lan_1> xali l.~iint;' Nebraska
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<br />T all ytbe impra~ents sow or hereafter erected on the property, and all easements,
<br />rigfets,~asp~ances. 'rents, rocattias, mineral, oil and aas rights sad profits, water. water rights, and
<br />water , and all firtuaes now or •lereafter attached to the property, all of which, including t~eglace-
<br />rneata sad sdditiaurs thereto. shag be deemed to be and rPm,+::s a part of the property crovered by this
<br />Mortgage; and aII of the foregoing, together with said properh {or the lea=ehold estate in the et'ent this
<br />Mortgage is as a leasehold) are herpiT re#etred to as cite "Property".
<br />Borrower covenants that Borrower is lawfully seised of the estate hereb}• romered and has the right
<br />Go , grant aml convey the Property. that the Property ii unencumbered, and that Barmnrr will
<br />warraat anal defend generally the title to the Property against all claims and demand;, subject tr: any
<br />earserrreats a~ restrictions listed in a schedule of exertions to t~verage in any #itle insurance policy- in-
<br />ssriag Lead~•'s interest in the PropEZty, or (°_) attorney's opinion of title from abstract of title certified
<br />by bolded abstaacter.
<br />P7eavtn~ Atwavs, and these presents are executed and de&vered upon the following crondition3, agree-
<br />meats sail obiigatio~as of the Borrower, to-wit:
<br />Tlfe B~sower agrees to pay to the Lender, or order, the principal sum of .513;~F,4 irittiSs'~'I3
<br />-- ---- ------
<br />__HLr1333 ~3 A?~D h>i3Jli.?t3 - __ __ _..._... Dollars tI'S ~ 16;460,(30 _..)
<br />payaEde as provided is a note e:eeu#ed and delivered, cvncurrenth' herecrith, the final patzrrent of principal.
<br />if sot scvoaer paid, nn (Ire .. -- First - - - - da}~ of ~os~ber - . 3l~li 8009
<br />LTTirP48![ C~ve~+t~r4 Harrower amt Leader imaenanf. and agree as #ollowe:
<br />,,v=.
<br />l- ~Y~d of Frmc~al amd Bortower shall promgtlr par when due the principal of and in-
<br />tcres*_ t~ the irtdel~ecluess ev~dertz~l br t~ '.ttte, prsperinent and late z~ as provided in the ':i;ote,
<br />sold the princspal of and iatetrst ,:n am Future ?ldvaaces ecutred br this '~1r>rtga¢e~
<br />Z Frarda for Ymczs sad ]~eurasce. Subject. m Lendez's option under paragraphs 9 and S hereof, Bor-
<br />nrw'er shall pay to LerJder im the day mooch];• iastallments of principal and interest are payable under the
<br />Note, troll] she'3ote is paid in foil, a sum therein "Funds") equa3 to one-twelfth of the yearly faze, and
<br />which (nay attain priority over chi 4ia2gage, and ground rents on the Property, if any plus
<br />~' *~ yearly ;?tea*~ ~~*ntl~~*ts fu; ha and ia..;ratrce, plus one-iw~lfth of year]}- pmnvum in-
<br />ts #su' rs~tg-age insurance, i# any, ail as *Fasonably estimated s'nitiallv and fram time to time by
<br />car 'tire basis of and h~ anal reasrsnable estimates thereof, Lender shall apply the Funds
<br />tb Pa'.j` said >: septa, iaanra:nce pre~itmss aid ground rents. Lender shall make no charge far so
<br />~+d ~ (Ire Ftmda or ~i#yitsg anti compiling said assessments and hills. The Lender shall
<br />>s~ to tf9e B, wiit#eont an aanrral accotarting of the Funds shaving caedita and debi#s to the
<br />sad the pnrpaae hu'tehich each debit to the Ftrndx was made. The Funds are pledged ss additional
<br />attq ~ t}je t secured by t~ ~, The k3arrower agrees that the Funds may be held by the
<br />Lmdeai anti with otd~ ftax>ia aril the lender's own foods and the Lender may pay such items
<br />~a ~sn #taarle sad t]ae I~pd~' shall not be liable for interest ar dividends on such Funds.
<br />If-the aam> ~ tfx Famda trek] ~ , ~ wig the fnttrre r~athly installments of Funds
<br />) Prior tt+o+~+~ datES of tortes, amts, frrsutsrtoe pramirans and gmnnd rents, shall exceed
<br />~ Ply said > ffi, Insurar#ra prarnitrms sad ground rents as they fall due,
<br />e~ctr b~ a# Dower's optiwr, aitl~ promptly to Borrower or credited to Borrower an
<br />3T ~ of Fri. 3f the .amotmt of the Ftmds~.ld by Lender shall not be sufficient to pay
<br />> rastsraate Premiums sad grotmd rents as they fall due, Borrower shall pay to Lender
<br />~ act racy to ~e up the y within thirty days after notice #rom Lender to Borrower
<br />~l pnymerit #hereof, or Boxroscar lilac], by an increase in monthly imfallmeats of Funds required,
<br />ray icy within the Fund sccormtircq Perim
<br />I-'fs+n f~~3unent in fu11 0# all ssrma secured by th3a Mortgage, Lender shall apply Funds held as a credit
<br />asst -~," ass >~`ae.
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