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<br /> �Harv�ouwL
<br /> DUB ON �ALE
<br /> OPTIONAL FUTURi ADYANGES
<br /> SrAVINGB FUND
<br /> ' Fo�er NoJ20 � .
<br /> Loan Nurnber__ 34859__�-- 188 -- 1_
<br /> � ---------- —
<br /> ..o. o..,,<„
<br /> 77. (�Of443 M O R T G A G E
<br /> ; TSI3 MORTGAGE.made and executed thie .................'S�.......__.. day of .�. ...... ......_.........._. A.D.,
<br /> ! 19...7.7,between the Mortgagor, .�i��..P.---Bai,�x..an�...9.�ck.1�..�_,...8ak�.r....hue.ham,d_.aud.�ifa.-......
<br /> ' ._...�oin,tlY...and, each__in.their.orru_rights...................._..
<br /> - ... ---�-� -...... ........ - ._.......- - ----
<br /> of.....Gsand..Islaad......., County of ............Hall_.........---..-,State of._N�k.s.�ka....... .,hereinafter referred
<br /> to as tF�e Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSO+CIATION OF
<br /> LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its succeseors and a�signs, hereinafter referred to
<br /> ae Lender.
<br /> W[ �gt t�e ia g� wer for and in coneideration of the sum of ..TNIxTY 1W0 THOUSAND
<br /> EI(�iT �����FIFfY ADiD�O/10�--------------_~--Dol:ars (US$__32a850..00.. ... _...._.--)
<br /> -_....- - -�--......... _......... _....._.........__.._.....................................
<br /> paid by said Lender, does hereby mortgage, grant and conveyHa11Lender, its successors and aesigns; the
<br /> f following�cribed property located in the County of -.--.--.-_......._........._.............. State of Nebrasks:
<br /> Lot Thirty-nine (39), in Island Acres No. 7, e Subdivision of art of Fractionel
<br /> Section 5even (7); part of the West Half of the West dielf (W�i�) of Section
<br /> Eight (8); and part of Lot Twenty-Four (24), Island Acres, all in Township Elevea
<br /> (11) North, Rer�ge Nine (9) West of the 6th P.M., in the City of Grend Islead,
<br /> Hel.l Couaty, Nebraska. ,
<br /> TocarHe� with all the improvements now or hereafter erected an the property, and all eaeetuents,
<br /> t
<br /> righte, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, sod
<br /> �rater stock,and all fi:tures now or hereafter attached to the property, all of which, it►ciuding replsc�e-
<br /> axents and additions thereto,shall be deemed to be and remain a part of the property covered by this
<br /> Mort�e; and all of the foregoing, together with said property (or the leasehold estate in the event thie
<br /> Mort��e is on a leasehold) are hereir► referred to ae the "Property".
<br /> Boirow�er oovenanta that Borrower is lawfully eeised of the estate hereby conveyed and hsa tl�e eiglit
<br /> to mortBage, gtant and convey the Propesty, that the Property is uneacumbered,and that Borrower wi11
<br /> wrerranL aad defend generaAy the title to the Property againet all claime and demanda, subject to aaiy
<br /> euements and eestrictions listed in a echedule oi exceptioas to coverage in any title ie�uranee policy in-
<br /> suriag Lencler's interest in the Property, or (2) attorney's opinion of title from abatract of title ceeti8ed
<br /> by bonded abstracter.
<br /> � �OVID&p ALWAYB� and these presents are executed and delivered upon the following conditions,aga�ee- �
<br /> mente and obligatione of the Borrower, to-wit:
<br /> The Borrower agrees to pay to the Lender,or order, the principal sum of TKI�..'�.-T�ti.c-�. 4. -.
<br /> EIQIS HiR+1DfiED FIFTY AND NO/100----------------------- 32 850.00
<br /> .................................................�-....._........----- �-•-•---�---...- --- ..._.......--Dollars (US$ _. x-.........._.._.._. . ..... )
<br /> pnyable ae providecl in a note e:ecuted aad delivered,concurrently herewith,the final paymc�nt of principal,
<br /> if aoL eoaner paid,on the....F�x�9.�._--.-..._ day of.--..._N9xeA�beT....._..-._ ....., 1l20Q�
<br /> Untciroetu CavEtrwrr�. Borrower and Lender covenant and agree as followa:
<br /> !. Pbyan�nt oE P�cipsl mrd�tsewt. Boirower ehall proanptly pay when due the princip�1 of and in-
<br /> tereet on t6e indebtednesa evidenced by the Note, prepayment and late charges ae provided ia the Note,
<br /> au�d the praactpal of ar►d interest on any Future Advances secured by thie Mortgage.
<br /> 2. F+ssrds(or Tauer aod Ianarmu�. Svbject to Lender's option under paragraphR 4 and 5 hereof, Bor-
<br /> rowar shall pay to I,ender on tl�e day monthly installments of principal and intsrest are payable under the
<br /> Note,uatil the Note ie paid in tvli,a sum (herein"Funds") equal to one-tweifth of the yeatty ta�ces and
<br /> ' aeseaanents which may attaia peiority over this Mortgage, and ground re�ts cx� the Property, if any plue
<br /> one-t�velfth of yetrly premium inetallments for hazard insurance, plus one-twelfth of yearly ptemium in-
<br /> etsllments !er moztgage ix�suranee,if aay, all a8 r�aonabiy ecctimated initially and frem time to tvne bv
<br /> i.end�t oa tbe 6aaes of aeee�eCs and bilis and resBonable esLimates thereof,Lender shall appty the k'unds
<br /> �PeY�d tezea, a�nt�.i+asuranoe peemiwna and ground rente. Lender shsll make no charge for so
<br /> 6oldins apd applyiag ti�e Ft�nds or verifying � oompiling esid ereeasmente and bills. The L.eAder shaU
<br /> t'tfnds and tl�ierro�er, without c6acge,am annual accountrng af the Fuudc ehowine credit:�and delaits to the
<br /> , y put>>ose for wl�icls each del�it to the Funda w*as made. The Funda are pled�ed as additio�nat
<br /> .ecnrity�or d+e am�s secured by t6is Meet;a�e. The Aoreww�er agreee th.t the Fw�de may be held by the '
<br /> Iwoder�d oome�n=ied w�iti�ot6�tyadp and the Lender's o�vn funds aad the Lender may pay auch iteme ";,
<br /> ' is+oaa ibs owa intxls aad tl�o 7.�der� aot be fiable far iatereot or dfvidende osa such Funds. •,,� ' .
<br /> 4 It!!�e aa4oaet af the Ihir�d�s held by+I.rdee',toletJ�er w�ikh We lufa�re moatt�ly iestallcheRts of Funds
<br /> � paya�ya3iair b�t�s d�s d�f�s aE taier,a�errmee� iaNe�see p�m sod �nd rents. r6sll es,oe�ed
<br /> ; �e amom►t reQ+u�xi bopa Y sdd ta�r�.arlwmea#s,.�na�ctace Tu+a�iaans aad�ousd reo#�as they L]�due,
<br /> L
<br /> �e�coros sltall tw�.at Botrorver'�uPliow.�et�r p�ompti�r rao�id to Betavwror or crealited to Boernw+er�+ tryr
<br /> ina�fily � o! FuruLs. It tlse aaoouat oi tbe t+'ui+��c beld by Lcec�ddr et�all rwL t�e sulScicH�L Lo pay �.',',
<br /> 1+ase�. �a,iaru�oe PNmiww a�1d�e�o�nd rieeis ss tMY !all due. Boer�res�!1 pry to L.eeder "
<br /> ; IMaY amq�rst seC�e�be�a�ke ap►tlfs d�icisscs wi�a tLitty dtys aEber notic�e lsom Lender to Bon+owree .�' �¢. -.«s
<br /> , saq�d��J tlue�of. or Bsetewar ah�.b9 aa�a�we in mont6Fynoti�eets of Fuede requis+ed.
<br /> +nepaY �re dr6� wit6N ti�e Ftimd aooausl� Peiiod-
<br /> L1Pwa @aYmaat ia Gill of all wm�eec�ed by kiis Moatp�e,Lende�shall apply Funda held as a credit
<br /> �aii w�s drs.
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