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INDIVIDUAL
<br />DUE ON SALE
<br />OPTIONAL FUTURE ADVANCES
<br />SAVINGS FUND
<br />~s, F'aw~ Na. 7^cf}-.844
<br />N Loan Number_ w3561 ___~ 18 --~ 1
<br />_-_i __----"---
<br />YOe 6,anc~
<br />79-~ ~"t(3'7~~ M O R T G A G E
<br />~~,~r-t~~.~.
<br />THIS ASORTGAGE, made and executed this .--.---._~~..._._.... day of _.._L;_--.-._.-....-._------.-- A.D.,
<br />19_kt-.-, between the Mortgagor,_D~~.bert-.-.°--Theasmeyer_-and_-Lois A. Theasmevert_husband and wife,
<br />Nor~u _ .$uck_-and-fl~[t}.-.J,__I;t?~k,,-husband_.and_-wifes,.j.ointly and,-severall`~-and each in their
<br />osm rYg~i, Hail------ ....._., State of -... `Nebraska-._., hereinafter referred
<br />of ---.-. .--Grand..-Island., Counts of ---- ---
<br />to as the Harrower, and the llartgagee, :'iRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br />LINCOLIr', 1?3a "N" Sheet, Lincoln, Nebraska SS501, its successors and assigns, hereinafter referred to
<br />as Lender.
<br />~'i't°rxESSSZa: That the said Borrower for and in consideration of the sum of -_..S.hZ'>~~YI'S:. TkIQUS!!l~
<br />A~-NO/1Qa---------,------------.~'~_~---------.'Dollars (US.*' _70004.00 --- ---~
<br />paid by said Lender, does heretic mortgage, grant and eanyey to Lender, it. succecors and assigns; the
<br />following described property located in the County of .-.--- Hall ---_---__-----„---.., State of Nebraska:
<br />I.ot ll~o {i}, $uck-Theasraeyer Subdivision, in the City of Grand Island, ??all G.,cmtp, "'ebraska
<br />Tocsr~xEa with all the improcemenL¢ nom or hereafter etreted on the property, and all easements,
<br />rights, apgarieasnces. rents, royalties, mineral, oil and gas rights and profits, eo--ater, wa#t~r• rights, and
<br />ureter stock, and all futures saw oz .hereafter attached to the property, all of which, including replace-
<br />ments and additions thereto, shalt be deemed to be and remain a part of the property covered by this
<br />Mortgage: and all of the foregoing, tas-e#her with said property lay the leasehold es#ate in the event this
<br />?~rtg&ge is on a lea_cehald) are heroin rn#erred to as the "Property"-
<br />Borrcrw~r ~verrants that Borrower is lax-fully seised of the estate hereby conveyed and has the right
<br />m mortgage, great and eanvey the Progerte, that the Property is unencumL~red, and that Borrower will
<br />warrant and defend generally' the title to the Property against all claims and demands, subject to any
<br />easesaesrts sad resiaic4ionc listed in a schedule a# ezcegtions to cocrrage ire any title insnrarx~e policy in-
<br />aurarg Leader°s inzer~sst in the Property, or t') attorney`s opinion of title from al~tract of title rertiCted
<br />by' bonded atm.
<br />Psoi rasp At vaaFS, and these prevents am executed and delivered upon the following canditians, agree-
<br />ments and obligations of the Borrower, to-wit:
<br />Tbe Bs.~aaer ~ to ~y tra t.~ rri a..e-.> or ardor, the p^:;~~ s•,:m of &£VBVTY TROUSAND...... _.. .
<br />- --
<br />_.11. '.rQi?L~3-^-----~--:^--- ---- ~`~ijcrllats tL`S S_ s13,t3~.~~
<br />payable as prtoczdeel in a nai.~ execvt:d and dr-.Iivereal, c~cncurrently° herewith, the final payment of principal,
<br />if rm# sooner paid. on tbe - -First. .day of .._ ._ 1fag. _ 1~C. ~flGtl
<br />LixtFCezat Ccecs:+a-rs. Horrc+x°er and Lender covenant and ague as fallow;
<br />L Pa~mmt of 1~rtmdPal oad fatereut. Harrower shall promptly pay when due the principal of and in-
<br />teaest ~ thr ~ rc~idenced by thr More, gregayznent and late charge= as pm~:ded in the Note,
<br />and 'tare principal of and intermit an any F•.rture Advance+ _ectrrecl by this \langaee-
<br />F~.is ~- *mc~ a£al hsasrmue. Srrbja°t to Fender"s aptian under paragraphs •t and S hereof, Bor-
<br />mreer shall pay to Lender ~ tare day manthl5 instalinrents of principal and interest am payable under the
<br />4o#F, rrrrtr~ the A2atK is paid in fall, a sum (herein "Funds"1 equal to one-f~selfth of the vearlp faxes and
<br />is which may atiaia griorin Duet this lion gage, and ground nenu an the Property, if any plus
<br />urr~twelft4r of yearly° paemitaa irsctall,..c~.atg far hazard insurance, plus one-twelfth of yearly premium in-
<br />for nrort insurance, if sny> all as reasaaahiy a=timatr~ initially and from time to time br
<br />Leader as the txirsis of amts and tu~IIs and reasonahie estimate;, thereof, Lender shall apply the Fund.
<br />~ Pa?? ~ fazes, assts. ~**~.++~ preauurxr3 and around rents. Lender shall make no charge far sa
<br />holding and a~lgiag the Ftar~ or veri#ying and rnmpiling said a.;.,ec;stnents and bills. The Lender shall
<br />1~ tre the Harrowcs, without rharye, an annual aocxruntiag of the Funds showing credits sad debits to the
<br />F asd tare purpose for which each debit to the Funds was made. The Funds am pledged as additional
<br />eeflarity far t~ auras aec+aretl by tfria i3ortgagr_ ~3se Borrower agrees that the Funds may be held by the
<br />Leader and cored with other funds sad the Leader's awn funds and the Lender may pay such items
<br />from its osn fzrada sad the Leader ahali Trot be liable for interest ar dividends on such Funds.
<br />ft the ata~a# of the held by Leader, together with tree future monthly installments of Funds
<br />t~ pacer to tie ~ dai~ 1~> ta, insurance premiums end ground rents, shall exceed
<br />~4r pa3 . re#a, iastrratx,•e premiums and ground rents as they #all due,
<br />av~ sdrall be, at Br~immw~'s opts, either promptly r+opaid tv Borrower ar credited to Harrower on
<br />~~y its oh Funds- If the aneouat of the Funds held by Lender shall not be sufh~Rent to pay
<br />try iaauranee prears..ma and ground retrta as they fall due, Borrower shall pay to Lender
<br />anY amount necmeary to make np the defic3errcy within thirty days after notice from 7 ender to Borrower
<br />regrg payment thereof, or Borrower shall, by an increase in manthiy installments of Funds required,
<br />repay the day within the Fund accounting period.
<br />Upon payment irr full of all sums secured by this Mortgage, Lender shall apply Funds held as a credit
<br />against a1; sums due.
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