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uNCOLN
<br />7r,_, '719(}
<br />INDIVIDUAL
<br />DUE ON @ALE
<br />OPTlGNAL. FUTURE ADVANCES
<br />SAVINGS FUND
<br />FoaM No, 724-479
<br />Loan Number___~?3436 __- 188 __'_- 1
<br />i.~pe em~cn
<br />M O R T G A G E
<br />THIS \fORTGAOE, made and executed this _-«'~~..---.._._.. -dac of ~~c:fc~.~?c.±" - ..-._. _.. A.D.,
<br />19-, -'3-..-, beta-een the Aiortgagar. - -Fdx~azd.-F....Aomala;ces.,...Ir.... and...Caral. Ann.-Damalakes.,..husband
<br />.z:td.v~,fa>_~c?inil~_at:d..-~aeh..i~t_their._pt~-xight;p. - -_.......____.._._..-...___._....._........ - -
<br />of ..._--Grand- Island..-.,-, Cotmfy of - ._. Hal. 1, .__-._..-. _... State of _. \ebz-asks ._ -, hereinafter referred
<br />to as the Borrowe?. and the 'tlortgaaee, FIRST FEDERAL SA~"I1GS :\\D I,OA`Q ASSOCIATIO\ OF
<br />LIACOL:ti, 1255 "N" Stmet_ Lincoln, \ebraska 6$;,cll, its successors and assigns, hereinafter referred to
<br />es Lender.
<br />VPtrl.sssrx: 'T'hat the said Borrower for and in consideration of the sum of ....THIRTY .,EIGHT-.TH~~USAyD
<br />1Si€)_HLhDRED. FIFTI_ ~h"7i N0l.IQQ---.----.--------------Dollars itiS g_ ~8,2~Q,0~...._...- -.--..)
<br />paid by said Lender, does hereby mortgag:, grant and cronvev to Lender, its suceecors and accigns; the
<br />following described property located in the Cotmty o# -..--.--. Hall-_----_ ..._..-...- ,State of Nebraska:
<br />Fractiotiai Lot Nine (9) in Fractional Block Three (3) in Gi.lbert's Second Addition to the
<br />City of Grand Island Hall Count?, Nebraska
<br />3bci^rttas kith all the improvements now or hereafter e.-acted on the property, and all easement-a,
<br />righii=, appurtenances, rants, royalties, mineral, oil ar.3 gas rghts and profits, water, vkater rights, and
<br />water stock, sad all #iattires now ar hereafter attached to the property, all of which, including inplaee-
<br />aaents sail adifitior~ thereto, shsH be deemed to be and remain a part of the property rnvered by this
<br />Mortgage: sail aIl of the foregoing, together wi#b said property (or the leasehold estate in the event this
<br />Mortgagees. on a leasehold) are herein inferred to as the "Property"
<br />Borrower coirnants chat Borrower is lawfully seised of the estate hereby conve}•ed and has the right
<br />to n~ grant and ct,ncev the Property, that tl+e Property is unen°umbered, and that Borrower Rill
<br />xarx~ant and def<ad generally the title to the Property against all claims and demands, subject to any
<br />ea~;cments and r~stricfiotrs IiSted in a schedule of excep#ians to rov°etage in any title insuratnce policy en-
<br />suring Lender's in#eresi is the Properh•, or t`21 at#orney's opinion of title from sbst*act of tiff certi$ed
<br />by bonded abstracter.
<br />Pgoc°intm At.rravs, and these gzesenL- era ezecirted and delivered open the fallowing ~'otrditiarx,, agrne-
<br />mens and obligations of the Harrower. to-alt;
<br />T~ Btrrovs~ez agrees fo pay to the Lender, ar order, the principal bun of ..7tlK~?- ki~zia. ~.lliai;aaiv
<br />17~?_#~A.-FIFiT_aND--N0~100-.---------.--- ----Do1Lvs ±L'S •-- ~$>~50.04..- )
<br />payable as pmcided in a note ezecittsd and delivered, e^ixneurmntly herea~ih, the fi.'ral,paymtnt of princspal,
<br />if aoi sooner paid, on the .- . Ise, day of Rovember ,3~ 2.
<br />~xr~ox~e Cz,vtF.~iwr,=rs. Borroxer acrd Lends+r col°enant and agree as follows:
<br />2, t oil PriaciPol t+sd Iaiare,st Barr+ower shall ptrrmptly pay when due the principal of and in-
<br />ter~€xt oa the indebtedaes~- ocidenc+ed by the tiote, prepa~~ent and late i~rarges as prvt~sded in the Note,
<br />and the grintipal of and intete:>t ^.,n env Future Adranrr_-, secured by this !4lorigage.
<br />2 Ft 3~ 7me+ec sail Subject to Lender's option under paragraphs 4 and 5 herxrof, Box-
<br />ron~r shall pay to L~tder on the dac• mantl+ly ir~tallttrents of principal and interest are payable under fire
<br />Note, rmiil the tiara is paid in full, a sum (herein, "Funds'1 equal to one-twelfrh of the yearly taxes and
<br />s,•tta w3rich ma>° atiaitr prioritc orer this ~',ortgage, and ground rents au the Property, if any plus
<br />ose-t,+relftls of yearly >m u:v-taliment_c far hazard iru-utanee, plus one-twelfth of S-eanly prenuunn m-
<br />sataflm8rta for mortgage iasunanoe, if any, all as reasonabl<< estimated initially and from tune to time by
<br />I,entfer tai the basis of asses~ents and bra azrd reasonable estimates thereof, Lender shall apply the Fund:
<br />to pray said tares, atment3, ~.strranee premitmrs and ground reins. Lender shall mane no charge for sr,
<br />holt~ aArl apply ilia Frmds ar eeaifrirrg acid compiling said assessments and bills. The Lender shaEl
<br />give m the Barro+ver, sithout clrarge, an annual actrouating of the Funds showing credits and debits to the
<br />a~ the ~ ft~ ~' ,aset;it to t}~~ lords was made. The Funds A~ pledged as ad&tif,nral
<br />s~trrih° for i3re tam a-ecrrrk~l by this A'iartgage. The Hortvwer agrees that, the Funds may be held by the
<br />I sad aa~smiagiad frith otlser funds araf the Lender's own funds and the Lender may pay such item.
<br />from its owe #uads sad the Ixn3et shall trot be liable for interest or dividends on such Funds.
<br />If the amormt of t3xe F>mrls held by leader, togetfas with the fature monthly installments of Funds
<br />pasraide preen tt+ #3Se dt~ dates of #a~, aesesammits, ittstiranoa premittms and ground rents, shall exceed
<br />tie emvunt r~id€ted t~ pay d tom, aen#s, irssurance grsniums and ground rents as they faU due,
<br />en~r esoeeta t+liall be, at B~m'+ves's optinit, either prompt3y re to Borr'awer or credited to B<,rmwer on
<br />meut#hly iadsllmettts of Fonda. If #be amount of the Funds ld by Lender shall not be sufficient [o pay
<br />fazes, eta, itrssrratiioe greatittma and ~imd rents as they fall due, Borrower shall pay to Lender
<br />any arrastui# rsatry to make irp the deSeiem~y within thirty days after notice from Lender to Bortnwer
<br />requrating payment thereof. ~ Borrower shaII, by an increase in tronthty installments of Funds required,
<br />repay the deficiency within the Fund accounting period.
<br />iipor. payment in full of all sums secured by this Mortgage, Lender shall apply Funds held as a credit:
<br />atminst all sums dt~-
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