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<br />THIS '_iiORTGAGE, made and executed ibis .. - .....,~~....-.._..... day of ..-.j~'~::-n-
<br />--_... A.D.,
<br />i9.Z7.,., between the'Mortgagor..,l~hn-.Ak~i.llvu..aa~d.S:asan..D3i~..lon,-l~us3and..aad.vife,-------_..---._.
<br />- - ......-_ _.......~oin.tl`y--.aztsl_each.-i,u..-thsar_.acdn..ra.glzt., - -- --- - - --- - - _...- -.._ .............. -- - -
<br />af ... Grand .island-.- ...... County of ..-.--..Ilall---.--..-----..--.., State of -.-.I~Ehraska-.... ,hereinafter referred
<br />to as the Borrower, and the 'viortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSflCIATIfl'_ti flF
<br />LINCOLN, 2235 "N" Street, Lincoln, Nebraska 685131, its successors and assigns, hereinafter referred to
<br />as Lender.
<br />WiTxESSeTH: ?'hat the said Borrower for and in consideration of the sum of L?tiE- #iUlv~ltETi EZEY~N
<br />THOJSAN'T_f~~..NO(.19Qr-----.-------r.-----r..-°-------____-Dollars (US :._._.1L1,A00_DII-----------}
<br />paid by said Lender, dies hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br />follow-irtg described property located in the County af -..--..-..IIa11.._.__ ..............., State of Nebraska:
<br />Lot Sixteen (16} in Block Three (3} in Southern Acres Addition to the city
<br />of Grand psland, Hall County, Nebraska
<br />Tocarssa with all the improvements now or hereafter erected an the property, and alI easements,
<br />rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and
<br />water stock, and all fixtures now or hereafter attached to the property, all of which, including replace-
<br />ments and additions thereto, shall be deemed to be and remain a part of the nroperty covered by this
<br />Mortgage; and all of the foregoing, together with said property {or the leasehold estate in the-event this
<br />Mortgage is on a leasehold} are herein referred to as the "Property".
<br />Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right
<br />t<r mortgage, grant and convey the Property, that the Property is unencumbered, 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 coverage in any title insurance policy in-
<br />s~~ing Lender's interest in the Proaerty, or (2} attorney's opinion of title from abstract of title certified
<br />by banded abstracter.
<br />Prtavtnco ALWAYS, and these presents are-executed and delivered upon the follasaring conditions, agree-
<br />- mints a=id obligations of the Borrower, ~-wii:
<br />The Barro„ •er agr~s is pay to the Lc-rider, or order, the pnneipal sum of 4Nlv:_illlir'AREU:.E'i.BII~ ------.
<br />.xHQi1SAN~?.-:Acv'.D.-^I9.1.~9Q--------------r.---------rrc-c-----r.~ollars (US 5.....-_111,049...Q4.._..-..-_}
<br />payable as provided in a note executed and delivered, concurrently herewith, the final payment of principal,
<br />if not sooner paid, on the ....-_f?:~'St..-...-... day of ..._~'i-aY.__ _-...__ 200
<br />_.. ..-._...-- . P13_. 5
<br />UxtraatK CovrxnxTS. Borrower and Lender covenant and agree as follows:
<br />i. Payment of Principal and laterest. Borrower shall promptly pay when due the principal of and in-
<br />terest on the indc;btedness evidenced by the dote, prepayment and late charges as provided in the ldote,
<br />and the principal of and interest on any Future Advances secured b~= this Mortgage.
<br />2. Funds for Taxes and Insurance. Subject to Lender's option under paragraphs 4 and 5 hereof. Bor-
<br />rower shall pay to Lender on the dap monthly instalhents of principal and interest are payable under the
<br />IvTote, until the A'ote is paid ir, full, a sum (herein "Funds"} equal to one-twelfth of the yearly taxes and
<br />assessments which may attain prioriiy over this Mortgage, and ground rents on the Property, if any plus
<br />one-twelfth of yearly premium instaihnents for hazard insurance, plus one-twelfth of yearly premium in-
<br />stallments for mortgage insurance, if any, all as reasonably estimated initially and from time to time by
<br />Lender on the basis of assessments and bills and reasonable estimates thereof, Lender shall apply the Funds
<br />-~ pay -said taxes, assessments, insurance premiums and ground rents. Lender shall make no charge for so
<br />holding and applying the Funds or verifying and compiling said assessments and bills. The Lender shall
<br />give to the Borrower, without charge, an annual accounting of the Funds showing credits and debits to the
<br />.Funds and the purpose for which each debit to the Funds was- made. The Funds are pledged as additional
<br />- reuurity for the sums secured by this Mortgage. The Borrower agrees that the Funds may be held by the
<br />Lender and commingled with other funds and the Lender's awn funds and the Lender may pay such items
<br />-- from its oa~v funds and the. Lender shall not be liable for interest or dividends on such Funds.
<br />If the amount of the Funds-held by under, together with the future monthly installments of Funds
<br />payable prior to the due dates of taxes, assessmentg, insurance premiums and ground rents, shall exceed
<br />the amount required ±o pay said taxes, assessments, insurance premiums and ground rents as they fall due,
<br />such excess shall he, at Borrower's option, either promptly repaid to Borrower or credited to Borrower on
<br />k-= monthly installments of Funds. -If the amount of the 1<'vnds held by Lender shall not be sufficient to pay
<br />lanes, a;~sessr~e2lts, i_rsurarce premiums acrd g~:au,~id rants as they fall due, Borrx;wer shall pay to Lender
<br />a_ny a,,,a,•'^± ne-c°°.sar~, *,o n,aae up the defir."eZry w#thin thirty days after notice from Lender to Borrower
<br />requesting payment therea(, or Borrower chill, by an increase in man±hly inst: llm~nts of Funds required,
<br />repay the dgf'tCiPncy 4vithin the l:',.:nd accounting period.
<br />Upon payment in full of all sums severed by this lYfortgage, Lender shall apply Funds held as a credit
<br />against all sums due,
<br />
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