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tCONTINUATiON OF REVEWRBLE RATE MORTCaAGE/
<br />AtlYancss'7. BOMOwadOeS llsripy mdlpage, grant and cdfvey to Lender IM /oFipwmp O¢e<rtp@o Prop@Ry Ixare@ m [rte Gpunry a/
<br />BtaN of Nebaaka: HALL
<br />Lot Seven (7), Ln Bloek One (1), In Koehler Place, au Addition [o the City of Grand
<br />Island, Aall County, Nebraska.
<br />Ilrmcnnastneaddressoe 243 S PLUM ST GRAND ISLAND __. NP.B
<br />(Street) (CitYl _~ (Beare) ._~iP Cddej
<br />(herein "Property Atltlres5");
<br />TOGETHER with all Ih¢ ImprOVem@n13 now Or hemailer ere<tetl On the property, anC ail ed5ementS, ogn15, appurtenanC¢5. rents, royaltip. mineral, Oti aM
<br />gas rights antl profits, water, water rights. ~ tl water Stock. antl ail fixtures nqw or hereatier attached fo Ine property. all Of wnrctt, including reptaCements antl
<br />addiriDnSlMreto. Shad be tlaern¢tl lobe and remain a part of the property coveretl try IhrS Mortgage: antl all of the foregoing. lag8tner with Saitl property4orthe
<br />Ieaseh0id estate d this Mortgage r9 on a leasehold) are herein referr80 to as the "Property"-
<br />aprrower covenants friar Borrower is lawfully 5ers@tl of the estate hereby canv¢yetl antl has NB rigm to mortgage. grant and convey the Property, that tM
<br />Property ra u,~encumber@4 and friar 8prrower will .anent antl tlefentl generally IM title of the Property against ad olaim5 and tlemends. 5ulryeCt to anq declara-
<br />tions. easements m resiriclions listed In a scnetlule Ot excephons to coverage rn any title Insurance policy insuring LerWer s interest in the ProO@rry.
<br />UNIFORM COVENANTS Bp(lowar antl Lender covenant antl agree a5 fOhOWS:
<br />~. Pryirgni d PrincipN arM Intarpr. Borrower Snell pTOmptiy pay when due the pnnc10a1 of an0 interest on the IntleOt@tlne54 ew0encetl by the Note, Drepay~
<br />merit and Tale charges a9 prov:detl in the Note, aM Ine principal of and rnlere5i on any Fu[vre Atlvances secured Oy iMS Mortgage.
<br />2 Purge for Tapp aM IMirarlgi. Subl¢Ct to applicable law Or to a written waiver Dy Lender, Borrower shall pay IO Lentler on the tldy monthly in5lalfinerti5
<br />of prm_rpal acrd interest are Payable antler lh¢ Note, unhi IM Note rs pare rn fah. a sum gherern "FUntls '! equal to antrrwintn of Ine yearly (axes antl
<br />assessments .into may attain priority ever Ines Mortgage, antl ground reins en the P.op._.ry, .s any. etas one t~«elt*h o; yearly pram,um mstahmants tJr nazarq
<br />InsutBMe, plea one-1w@Iflh OI yearly premium inslallmPnrS 7Or mortgage in3uranCe, rt any, all ds r@a50ndbly esnmat@O m+hdlly and IrOm I:me I0 hme Dy Lantl@!
<br />Or1 the Dd5r9 Of 853eaSment3 dntl Dt113 drM fed50n8b1e eSilmdte6 inefeof.
<br />Ttta Fantle s.^.att b@ heitl in an institution Ine deposits or at<ounl9 01 worth are In SUreC u• guaranteed Dy a Fetlere ar slate agency Ilnclu0mg L enloer +!
<br />Lender Is sucn an +nshtudOnt- Lender shall apP1Y the Funds t0 pay Saitl 18zes, asses@ments. insurance premums antl grOUnO ren!S. Lender may net ctwrg4 tOr
<br />@O nNq~hg knC apptving the furMS. an'atyZmg Said dGCqunt. J. v@nly:ng and cOmprrrng said d56@SSmen13 antl b1115, amass L@ A¢I pdys 90rrCWer interest Dn tM
<br />Fund6 erNS BppiicaDle taw permns Lander to make such a charge.. BOrrOWer and Lentler may agree In wnhng at the rime of ezeouhen O+tRS Mortgage that ;.^.-
<br />leas; Or. hY+. Funds snail be paid to Borrower, aM1 artless sucn ag:eerr:ant i9 ~mada pr apphcaple law requires sucn inter981 t0 be paid, Lentler snau not D@ re~
<br />qui rid to pay BDfrOw¢I anY inferesf Or eernrng3 on Ine Funds. Lander Shei! give to Borrower. without Charge, an annual dccoum;rtg of thg FVrM3 snowing
<br />uBdRS and tlabiis to tM Funds antl the purpose fq worth each deDrt :o the Funds was ma0e. The FuntlS are ple0ge0 as adtlritOnai security for the sumo
<br />secured Dy tors Mortgage.
<br />If the amount of iM funds held Dy Lender. togelner wrln Ine suture monhly installments of FUntlS DayaDle error !O the tlue tlate5 0l taxes. assessments. In~
<br />surance premiums and groun0 rents, snail exceetl the amount repvrretl to pay Saitl taws. assessments, Insurance premiums and grcuntl rents as:ney tall tlue.
<br />sucn excess Snell be, at Borrower s OphOn, ar[ner promptly r@pdrtl to 9orrower Or cretln¢d [O Borrower On mOOimy rn51311meni5 OI Funds It Ine amount Of Ine
<br />Funtls held Dy Lander Snell n0! be sulhcr@nl t0 pay !8%85. a53eS5m@ni5. InSUrdnCe Dr¢miUms dnd grovntl rents a31My tall due, BgrrOWar Shall pay Ip Lenge+
<br />any amount necessary t0 make uD Ina Oehclency witNn 30 days from Me tla[e notice 15 malted Dy Lender to BJrrowei reque5irnq payment (hereof.
<br />Upon payment in full of ail sums securetl by tins Mortgage. Lender shall promptly reluntl to Borrower any Fun05 held Dy Lentler. 11 antler paragraph 18 hereof
<br />IM Properly I8 Sottl or lh@ Property is otMrwise acquired Dy Lentler, Lender sMli apply, no later roan imme0ialely poor to Ne sale OI the Property or its acqursi~
<br />lion by Lender, any Funtls nettl by Lentler at the time of appiicatlon as a eretlit against the sums securetl DY INS Mortgage.
<br />3. AppllutiOn OI Payments. UnleSS applicable sew proy+des pinerwr5e, ail paymeni5 reserved by Lender antler the Note end paragraphs t antl 2 hereof snarl
<br />b@ applietl by Lander Ilrst in payment of amounts payable Io Lender by Borrower anger Daragrapn 2 nerbol, then IO Inle•esi payable on ine Nole. men to Ina
<br />principal of the Note, antl Ines to rntere5i an0 principal un any Future Atlvances.
<br />•. CMrgaa; Llam. BgrrOw¢r shall pay all lazes, a55855meni8 antl Om@r Charges. hoes antl rmposruons alirlputdble tO ine Properly welch may atiarn a poon~
<br />ipwVBr This MOflgdge, antl Iedaehbitl peymenis Or grountl rents, it any, in IRe manner prnvi0etl under Daragrapn 2 n@r¢cl or, it not paid In sucn manner, Oy BOf~
<br />er malurq Payment, when tlue, tlrrecriy IO Ina payee IMreot. Borrower Shall prOmpuy turmsn to Lentler ail noiice5 0l amounts tlue antler INS paragiapn, and
<br />In tM event BOrrawer shall make peymeni tlirecliy, Borrower shad promptly furnish 1o Lentler r@cerpis evidencrrg sucn payments Borrower shell promptly
<br />tlibcnarg@ any Ilan Which has priority over this Mortgage; prOwdatl, IMI Borrower sndll not be requrretl to ms<narge any sucn Ilan so long as Borrower shall
<br />agree In wriling to Ine payment of the Obligation Saquretl by sucn Ilan rn a manner acceptable !o Lander, w shall +n goon !alto c:pnt¢51 such hen Oy of eel@m]
<br />eafgrpentanl of Such hart m, legal proceedings Wnr<n Operdie 16 Gfev¢rz! the enfOrC¢meni OI IRe I:¢n Or fOrlerture of Ine Property W any part Inare0l.
<br />S gaurdtpalartea. Borrower snail keep Ine imprOVements now existing or hereaner erected nn ine Property ,nsurb0 agalnsl loss OY tu¢, naZarOS inclutletl
<br />wlihrn IM term "axe@ndetl coverage", antl sucn Olner haZartls as Lentler may r¢gwre an0 m sucn amvunts and lOr sucn paripps as Lender may regalia, provld~
<br />id, mil LerrOer shall not require that foe amount OI sucn corerdge exceetl Thai amocnl of coverage requ+red lu pay ine sums secured by Ihrs Mortgage.
<br />Toe mewenea- carrier proWtling the insurance soda be chosen by Borrow@r subtecl Io approval by Lender. provided. Inal sucn approval shah not De
<br />uvplwneply Witnneltl All premiums on Insurance poi2r¢s shall t>e pdrtl In Ine manner provltletl under paragraph 2 n_.eol or, II rot pain m sucn manner, by
<br />Bor Dover makrrp payment, when tlue. mrectty Ip Ine insurance career.
<br />RII rnsurance policies erM r¢newdie IhereO! SMII b@ in form aCCeDidble 1o Lender antl snail IncluOe a Slantlartl mortgage clause rr. Iavor Of and In form accep-
<br />faDlelO Lander, Lentler sndll nave the right i6 npid [rte pouc+es antl r@naW ais tnereot, anJ Boreuwer snail prompoy furmsn 10 Lender all renbwar nooses and ell
<br />eCatpl4 0l paid premiums. In IM event OI 1053. Borrower shah gw¢ prOmDl ncrh<e to Ine insurance Career antl Lender LenOat may IndkC prWl Gf 1055 II not
<br />made promptly Dy BwrOWer
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