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<br /> It�i�lY7DUAL.
<br /> ,��4�"" ! QUE ON SAI.E
<br /> OPTIOtYAL R'tJTURE ADVANCES
<br /> ����� f SAVINGS FCl1YO
<br /> �,r+A����e�� FORM No.720
<br /> uN�.Va� L.oan Number__ 33078 __��_Ty�9g _-_�,�^4„
<br /> � �/! � �? T' C� A G E
<br /> , �7-U03099
<br /> �, THI$MORTGAGE,made and'executed th�s : � day of ..... Jir.a�. .....,..._ A.D., ' ;
<br /> ��.i 19..�7.;,betwe�en the Mortga�or, _�!�gene J. ;_Penros�.,and.Janice K.:.Penrg.�e,_.h.i,zs..k��l.Sl._s'1ii.d,�tl���
<br /> � � ..jointly_,aad %'each Yn,cneir acwn.right� .........�..... ......... .....__..
<br /> , . .._.
<br /> r of .._.�rand_Island ' �ounty of..__.. ._xa1T,.�; ......,State of...Nebraska.,._. , heseinafter referred � ,
<br /> "? to as the Borrower, and the Mortgugee, FIEZST FEDE�ZAL SAVIIJGS AND LOAN AS�OGIATION OF
<br /> 4 LIN�QLiV, 1235 "N" Street, Lincoln, Nebraska 685p1, zts succeas+ors and as�igns, hereiaufter referred#,u
<br /> �� as Lender.
<br /> � W�TxEssExx That the 4a�d Borrower for and in cc�nsideration of the surn of FORTY FOUR 7L�l0USAt3D
<br /> .,`� EIGHT HifNL1RED AND Pi�D/lOQ .......:.-'�ol,ars (US�.....44,8�0.00 , .)
<br /> .,. _....._, .. ...... . ,-..._._ .__. . .., .._. .
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<br /> pnid by:said I.endvr,dcres herehy rnortgage, grant and conve to Lender its successors and assigrss; the ; , ` ° ;
<br /> ,.� following clescrtbed property located in the Gounty of .__..:...�a�l..::..: ........ .State of Nebraska: ;,
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<br /> �� The Easterly Sixty-eight {68) feet o#' Lo� Eight {8), and: the Westarly 4, '
<br /> � > Gighteen (18) feet of T,ot Nine (9), in Pleasant View Fifth Subd�vision, ° "'
<br /> ' ¢ City ot' Grand Island, Hall Cou.nty, Nebraska.
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<br /> '� TocExx�x with all the improvements now or hereafter erected on the property, and all exsements,
<br /> rights, appurtenances, rents, royal�ies,,mineral, oil and gas rights.and profits; water, water rights, and
<br /> � . water stock, and nLi fiYtares now or hereafter attached to the propecty, all of which, including replace-
<br /> � ments and additions thereto,.shall be deemed to be and remain a parE of the property covered by 6his ;,
<br /> � Mortgage; and,all of'the foregaing, together with said property (or the leasehold estate in the event this �
<br /> E,+'� Mortgage is or3 a lensehold) are herein referred ta as the"Property":
<br /> `` Borrower covenants that Borrnwer is lawfully seised of the estate hereby conveyed and has tlxe iight %
<br /> � to xnortgage, grant and convey the Property, ,that the Property is unencumbered, and thut Sorrowcc will ; ',
<br /> ,,�� warran6 anc� defend.generall,y the title to the Propert,y against alI ciaims and demands, subject to uny ` ;
<br /> ...% easements and-restsictions listed.in a`scherlule of exceptions to coverage in'anY title insuranbe poiic5� in- ; �
<br /> �� suring Lendes's interest in the'Property,or (2) attorney's-apinion of title fTom abstract of title certified �
<br /> t� by bonded abstracter.
<br /> .;� PaoviuEv AtwnYs,'and these presents are executed and delivered upon the iollowing conditions,agree-
<br /> �,`'.� ments and obligations of the:Borrower, to-�vit:
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<br /> ? 'T'he Borrqwer agrees to pay w the Lenc3er or order the pnnc:pai sum of .�F.ORT�:E�U&`--Tf:QT�SANaI�• ' • ,
<br /> � ..,E�.ZGH�..�3tINDRED.,ADiD:,NO-1�L00. ' ,
<br /> : -.. . ...-------- - -•-�-�. ....... . ....�allars (L35$.._.41�,-8�0�..04-- .__ ..:..)
<br /> r -� payable as provided in s note eseculed and d�liveied,concurrently herewith;ttie final'pa}�nent of principal,
<br /> �� if nat•sooner paid,on'the._.....:2:s�- -.:.._..: day of .._��8'i?s�.::::..................�..20Q2
<br /> ,,,; Ux[FosHt Covexa�r�'s. Borrower and Lender eovenant and'agree as foilows:
<br /> Y1 � 1. Paymea3 oI Principal asid Inierest Bormwer shaii prom��tly pay k•l�en due the pr�ncii�al of attd 'ui-
<br /> ;-� Lerest on the indebtydness evidenced by the�.1Tote,prepayment and late charges as }arovaded in the Note,
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<br /> and the principal of flnd interest on any FuGure Advances secured by this n4ortgage.
<br /> � 2. Fnnds Evr Tmcas und Insurazice. SubjecC to Lender's opt:ion under parag7•aphs 4 s.nd 5 hereof,13or-
<br /> rower shall pay to Lender oi�t-h�day month3y installmenis of�rincipal and inic:rest are paya�ile unrler Che
<br /> ,.;.�� Noie,until the'Note is paid in fult,a sum (herem "Funds") equal to one-twc>lfih �f the yearly ta�es t�nd
<br /> ` '� 'assessments which may attain,priority over t}sis IvSortgage,and grounci res�ts on the,ProperCy, �f any �>lus '
<br /> �:; ane-Lwelfth of,yeariy prenuum installttients far hazard 9nsurance, plus one-tv►�elfCki oi y�ariy prem€um in-
<br /> stailments�or �cnortgage insurance,.if any, a3I asreasonahly estimated initially and fmxrE time Eo t'sme by
<br /> � Lender on the$nris of assessinents and bi11s and rexsonak�le estimates thereof,Lender slial=al�pl,y the Runds
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<br /> Lo p�5�said tases,assessments,insurance presniums anci gr��imd rentG. i..ender sliall makP no char��tor so
<br /> holding and �pplying•the Funds ox verifying`and compiling said assessments and bilis. 'Fhe Lend�r sl�all
<br /> :i , give to.the Borrower,withaut char�e,an annual accounting of the I�unds showinK cnedits anci debits to t�e
<br /> ,...:r Funds and the �urpose for tivhieh each debit to the Funds was mad�. The Funds are pied�ed.as addit:ional
<br /> secsx�aty#or tthe sums secured;by t�is:Mortg�ge.The Bcsrrower agrees that the Funds may be held Uy the
<br /> 1,ent3er aud co�mircgled �vith other funds and the Lender's own fundb az�d the Lender:xai�.v pay sucta items '
<br /> ' from its own #unds a�zd the L.ender shall not be iiflble for interc:st or dividends on such Funds. 1 .. : r .
<br /> ``� Zf tixe azupunt of the Funds h�ld by Lrender,togethea with the £uture monthly insta�lments of Funds �� ni��
<br /> ;.+s "
<br /> ; ; payable pri+or !an the due dates of taxes,assessmeuCs, insurance premiums and �round renf.s, sha11 exGeed �: ,`.
<br /> the su'so�t requieed to.pay said taaes,assesx�ienta,insurance preTr�iums and ground reat�as they fall due. ' +
<br /> ,..�' sucit.exee&S s#�a11 be,at Barro�ver's option, ei#her prom�.vtly repaici �o Borrower or creditecl to Barrower an ��,�
<br /> ...;,� , moathly instai�ments'a# Funds: if the amst�t of the Fvnds held�y Lender�hall not be suffiuent. to pay ; , 2!' .^� .
<br /> as
<br /> ,.,,'," iases,:;assessz�i�uts, uLsu..=ance prezniums:,amd �zouad r.en#s as they fall dua,k�ir�rmwer shall AaY t��nder �«e=�..
<br /> any smuu�a'��►ece9�y.:Lo ma,�e up tlse def3ciency withia thirty riays a#t,er notice frc�m Lender Co 13vrn,wer ""^
<br />� ` reques�Lipg pay3nent tk}�r�of,or Bc►�rower sh�Il,by an ir,�crease in ncaontlaly ins�allments o#Funds reciuired, �;�
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<br /> repa�the de�esency wit�in tkae'�u�d accKsnn�tis�g perivd_
<br /> iJpon payr;nent xn �ull ot ail sxs�ms secctrec�#ay this Mortgage,laender shail apply�uncis i�eid a�+i cnelil.
<br /> agai�ast>a:1.suma;due,
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