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<br /> lfVDIVIDUAL
<br /> DUE ON SALE
<br /> ,��c!!R� E?PTI9nIR! F41Tt,1R�' AD1lA14�F'�
<br /> � � � SAVINGS FUND �
<br /> � L���vVLN Fonn� Na��720 .. :. . .. . .� � .. :� . � ,,, �. ' .
<br /> Loan Number__336��__-.)..99__-�,.___ r.
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<br /> '� MO �RT �GA� G �E � �'- � � � '
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<br /> � THIS MORTGAGE,made and executed this ....:. ...__: day of... . _,_.. . A.D. ",
<br /> � �-1-�--- �- - �- --••-- , � � �� �.
<br /> ` 19..__�:77,between the Mort a or, ..S:ar - .D:-_Sxedthaues.:and.-Ca.th L.-.-Bsedthaua �'
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<br /> ; ._..wi:£e>..3mizttly--an�..each..in..xheir .ozzn_xight> -------- ,------ - --..----.. ._._._....... �.
<br /> % of'...Grand..Islanrl.'...--•--., County of ...:.... _ Hall.:..: . .::.....State of...DiEb:saska-.....,,hereinafter refened ,i
<br /> : to as'the Borrower, end the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF � ;
<br /> LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to
<br /> i as Lender: Y.
<br /> �,f . . . � . . � . . . .� � � . . .. .. �
<br /> `: WizxEssETx That the said Borrower-for"and.in considerati�oi arse(US$f 2�QaQXQ.QQ�1� TJ30USAND (
<br /> ' _.AND.NO/100
<br /> . .-�-----. ..._...: .....:..._... _
<br /> paid by said Lender, does hereby mortgage, grant and convey to Lender, 'its successors and assigns; the
<br /> ;; following described pmperty located in the County of _._........Ha11.__._._______________� State of Nebraska: ''
<br /> 5 ,
<br /> Lot Two Hundxed Twenty-one (221), in West Lawn, an Addition to the City of Grand ;'
<br /> =sland, Hall County, Nebr�ca.
<br /> � � . . � � . � � . . . � . � . . � . � � � � � c'�;r
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<br /> TocETxEx with all the improvements now or hereafter erected on the property, and all easements, ;;
<br /> rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and x=
<br /> water stock, and ail fixtures now or hereafter attached to the property, all of which, including repiace- �'
<br /> menta and additions thereto,shall be deemed to be and remain a part of the property covered by this 3
<br /> � Mortgage; and all of the foregoing, together with said property (or the leasehold estate in the event this
<br /> S Mortgage ie 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 /> to 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
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<br /> easements and restrictions listed in a schedule of exceptions to coverage in any title insurance policy in-
<br /> 3 suring Lender's interest in the Property, or (2) attorney's opinion of title from abstracb of title certified
<br /> by bonded abstracter.
<br /> PxovinEn ALwaYs, and these presents are executed and delivered upon the following conditions,agree- `'
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<br /> ments and obligations of the Borrower, to-wit: ,
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<br /> � The Borrower agrees to pay to the Lender,or order, the principal sum of..'�F�NT.Y.._QNH..THDUSAND.__ `
<br /> .A�1A:.PJQ1.I.OQ-.------------c-.—.---c-----.-----r----.--c-r..-�ollars (US$---z�>OQQ.OA---- • ::_)
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<br /> s payable as provided in a note executed and delivered,cn.,currently herewith, the fi yment of principal,
<br /> ' if not sooner paid,on the...lst.. ...... .....:clay of---Aix�ust--.---.--..--- ............., 1�.�(�� "
<br /> Uxisostvt CovExqxTs.Borrower and Lender covenant and agree as follows:
<br /> � �- 1. Payment of Principal mid Interest. Borrower shall promptly pay when due the principal of and in-
<br /> terest on the indebtedness evidenced by the Note, prepayment and late charges as provided in the Note,
<br /> ; and the principal of and interest on any Future Advances secured by this Mortgage.
<br /> 2. Funds for Taxes and Insurance. Subject to Lender's option under paragraphs 4 and 5 hereof, Bor-
<br /> 9 rower shall pay to Lender on the day monthly installments of principal.and interest are payabie under the
<br /> � Note, until the NoCe is paid in full,a sum,(herein"Funds") equal to one-twelfth of the yearly taxes and
<br /> assessments which may attain priority over this Mortgage, and ground rents on the Property, if any plus
<br /> one-twelfth of yearly premium installments for hazard insurance, plus one-twelfth of yearly gremium in-
<br /> ' sCallments for martgage 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 shnll apply the Funds
<br /> > to pay said taaces,assessments,insurance premiums and ground rents. Lender shall make no charge for so
<br /> holding and applying the Funds or verifying and compiling ssid assessments nnd bills. The Lender shall
<br /> = ? give=to the Borr,ower, 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 /> security for the sums secured by this 1VIortgage. The Bormwer agrees-that the Funds may be heId by the �
<br /> � Lender and commingled with other funds and t�e Lender's own funds and the Lender may pay such items
<br /> " fmm its own fuads and the Lender shall not be liable for intereat or dividends on such Funds. „ �"� �� ��,
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<br /> If the amount of the Funds heid by Lender,together with the future monthly installments of Funds �
<br /> ` payable prior to the due dates of taxes, assessments, insurance premiums and.ground rents;shall exceed - �
<br /> the aznount required to pay said tases,assessments,insurance premiums and ground rents as they fall due, ';;���
<br /> � such eacess.slaall be,at Borrower's option,either promptly repaid to Borrower or credited to$orrower on - :���r,
<br /> �. monthly installmen#s`of Fnnds. If the amount of the Funds'held by Lender shall not be sufficient to pay
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<br /> taxes, assessments, insurance'premiums and ground rents as they fall due,,$orrower shall pay to Lender
<br />�•' ` any amount nercessary`ta make np the deSciency within th'irt,y days after notice from Lender to Borrower 4 ''`!
<br /> - ; rcryque�tang payment thereof, or t3ormsver shall� by an increase in monthly installments of Funds required, "' ""`
<br /> , a repay the deficiency witiiin the Fnnd accounting period.
<br /> ; Upon payment in full o£all sutns aecured by this Mortga�e,Lender shall appl,y Funds held as a credit
<br /> agaic�st all sums�lue.
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