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INDIVIDUAL
<br />DUE ON SALE
<br />OPTIONAL FUTURE ADVANCES
<br />SAVINGS FUND
<br />faRSt Na 720-A79
<br />loan Number---43~6~-- --1$$__---1---
<br />r„t a,a~~~
<br />?9->~ ~~~`~ MORTGAGE
<br />TIiI$ A4ORTGRGE, made and eaecuted this --.-..~th.._.._-_-------- day of ---_.._klPxeatb-~r..._..----- R.D.,
<br />I9__79_._, between the Mortgagor, .-Daniel_5._.Puckett_and-.Sandra_-Puckef ,.. h;tskarad..amd-.wif-e._.
<br />~ointly__anrI- each_in.-their. own. right,.-._._,-,__, . ,---
<br />of ..~~and Island - - ,County of --.----..._ Ha11----------------- State of .-Nebr~ska,__-., hereinafter referred
<br />to as the Borrower, and the Mortgagee, FIRST FEDER_4L SAVINGS AND I.OAi\T ASSOCIATION OF
<br />L11vTCt)LIv', 1239 "N" Street, ]aneoln, Nebraska 6SSn1, its succesors and assigns, hereinaf"ter referred to
<br />as Lender.
<br />AIiD NOlIVO- rx: That the said Borrower for and in consideration of the sum of -FIFTY ONfi THOUSAND
<br />___~~~~-------------°---------- , 51 000 (}0
<br />paid by said I.euder, does hereby mortgage, grant and convey to Lender, its sucre~sors and assigns; the
<br />folfowing described property located in the County of ...-_--- Hall -...----.._--.-_.. State of Nebraska:
<br />Lot Nine (9), Black Three (3) in Pleasant Z~iew Addition to [he City of Grand Island,
<br />Hall County, Nebraska
<br />Tcaccsrx$a rcith alt the impmvemer:'= now or hereafter erected on the propert}•, and all easements,
<br />a8'h~, aPPm't~nces, rents, royalties, mineral, oic and gas rights and profits, water, water rights, and
<br />water stnt^k, and alt fiattaes now or heraafter attached to the property, a31 of which, including replace-
<br />meats and atfditioas thereto, shall be deemed to be and remain a part of the property covered by this
<br />I~dortgaRe; and all of tare foregoing, together with said progeny (or the Leasehold estate in the event this
<br />114artg:ge is on a leasehold! are herein referred tin as the "I'roperi-y".
<br />Borrower txrvenanLs that Borrower is taw-fully seised of the estate hereb}• rnnveyed and has the right
<br />to mortgage, grant a~ cnnvet the Proper#y, that the Properh is unencumbered, and that Borrower will
<br />warrant and defend gt~rerally the title to the Propert}* against aH claims and demands, subject to any
<br />marts and tes#tictions listed in a schedule of ezreptions to coverage in an}° Lille itkcuratrtr policy in-
<br />suring Leaxler's inteteat in the Property, or f2l ationaey's opinian a# title from alv4trac± of #itle certified
<br />hS haatt~d ahstracter.
<br />Psok3aav ArwAY3, and #hese presents 8re eaecuted and delivered upon the following conditions, agnee-
<br />aserst& aatf ohligatiorrs of the Borrower, to-wit:
<br />The Brutow,er agrees to pay #o the testier, or order, the prirrrigal sum of . FIFTY ODIE THOiISAI~_Ad(D
<br />--- -----
<br />Ag? i~ _!__ - --Dauar~ ti'S:. 31p~.- -
<br />payat~ as provided in a zx~x a=erute~ asd delivered, cancurgentlc hemwith, the final pa}~rneat of principal,
<br />if met sooner paid, on the .-------1st-.--.._- day of - .-. Itove~bar-.- - ,a-~ 2t10a
<br />Lxrroart Cxtti~tin*rs. Borrower and I~tier totyrnant and ogres as foLtows:
<br />1- ~ t~ Ia~sraat Borrower shall promptly gay when due the principal of and in-
<br />tta+ea# cxr rive indebtechress evidenced by the Note: preps}'meat and late charges s~ prorded in the Note.
<br />sad Lire prvseipal of and interest on any Futurn Advant+es secured br this ~forigage.
<br />~- ~~ ~ 3tnces tied Suhjt~ct to Lender s option under paragraphs l and 5 hereof. Bor-
<br />' at~dl }mac #n Lentles ~ the der come#hly irrstaltrnenLa of principal and interest are payable under the
<br />Ntrte, tm~ the Note is paid in fnll,,a ~ (her~a "Funds" } equal to one-twelfth of the yearly taacs and
<br />amts srh3e3t matt attain prianri as*er this Afor#gage, and ground rents on the Property, ii any. plus
<br />tmo-tair~alfth of }'early pretrrium Installments far hazard insurance, plus one-twelfth of yearly premium in-
<br />~' n3ortSatie ia~*rs.:•~e, if anz, sE as reasonably estimated initialiv and from time to time by
<br />I~ txs the ~ tIf amI f~ araf r~sonable ~famates #hereo#, Lender shall apply the Panels
<br />~ PaF said ttlzea, itr~.--once premiuals and ground renfa. Lander shad make no charge for sa
<br />~ ~ ffi v~fying and compiling said asse~raeats and hills. The Lender shelf
<br />cilatge, an annual aoconntiag of the Parole showing credits and debits to the
<br />azal thx bier rvaieh erode dtei~i #tI the Funds was made. The Funds are pledged as additional
<br />aerauity ~ rile ate aeenr+ad h9 tltis M4rtgaae, The F3arrowet agrees that the Funds may be held by the
<br />w`f tl+ o~ ivad~a and the l~rxder's oim frmds and tare Lender may pay such items
<br />!tom fua~s all,'. Life I~rader obeli sat ire !rabic for interest or tlrvldends ea such Fonda.
<br />` . > tri Lire Frmtda Imid Is9 I.eaidet; toget3snr roitlr the future mtlnthly ic4tallments of Funds
<br />P l~ fir- Lire data ~ ~ taxes, eta, inatrrsnoe presailrms anti ground rents, shall eaoeed
<br />' fa y said Lorca, eta, irraua~e pselniums and ground rents as they fall due,
<br />Via, et ~s opI, ' ~r~gt3y re#ta4d to I3otrower or credited to Borrower on
<br />trf Fends. If the amount of the f!" -'rods held by Linder shall not be sur'ficient to pay
<br />~* , iae prrramirtms oral tad rea#a as they faH due, $orrower shall pay to l,ender
<br />aalF emormt rY to tasks ap fire wit31im thirty days after notice from Lender to Borrower
<br />Ta4E paSrAent theta ter Bortorrm~ sfra$; by an intaease in monthly installments of Funds required,
<br />repety the de6rserxy icitllin the Frmd atxbrmfaag period:
<br />Upon payment irI full of all sums secured by this Mortgage, Lender shall apply Funds held a.+ a rredii
<br />against all grans due.
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