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<br /> INOIVIDUAL
<br /> DUE ON 8/1LE
<br /> OPTIONAL RUTiJRt ADVANCES
<br /> SAVIAIGS FUND
<br /> � Rq1M N0.72O �.
<br /> � loan Number_ 34981___-_ 188__�_ 1._
<br /> TYDe 8rsncA
<br /> 7?� UOB520 M O R T G A G E
<br /> T IS MQRTGAGE. mede and executed this _.................�r.............. day of .��!m'��.... A.D.,
<br /> ' 19.��.betwe�►the Mortgagor, ...�Y._.L. Ericson and_ Becky Ericeon, husband and wife, ,�ointly `
<br /> ..iE.t+xl..s+s!cb..��_.t#!g.�:�r.own.r�Sht .... ......... ...... ... ... . ..... ._...... .. ...._... _.. ......... .....---......
<br /> of...G�4�9d..Islpa�.....__., County of......_...Hall__....--.---...,Stste of.._.Nebrasica.._.,hereinafter referred
<br /> to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> LiNCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its euccesaore and aesigns, hereinafter referred to
<br /> as Lender.
<br /> Wts�te�sert�: That the said Borrower for and in consideration of the sum of..TFIIRTY FIVE..�FQUS�
<br /> MA2..�/194--------------.------.--------------------.-.--�o1'.ars (US$..3.._........._......_ -_._.._..)
<br /> - _ 5.000.00
<br /> paid by esid Lender, does hereby mortgage, grant snd convey to Lender, its successors and aseigns; the
<br /> foUowin�described property located in the County of ...._....-Hall .. _.. ..._..._., State of Nebraska:
<br /> Lot Two (2), in Walker's Subdivision, anAddition to the City of Grand Island,
<br /> Ha11 County, Nebraska.
<br /> . TOGBTFIE! with all the improvements now or hereafter erected on the property, and all easements, � . � � � .
<br /> ' rishts, a�purtenancea, renta, royalties, mineral, oil and gas rights and profits, water, water righta, and
<br /> wrster stack, and all fi:tures now or hereafter attached to the property, all of which, including replace-
<br /> ment�asd additione thereto, ehsll be deemed to be and remsin a part of the property covesed by t.�ie
<br /> Drfoetp�e; aati all of the foregoing, together with eaid property (or the leasehold estate in the event this
<br /> �t�s is on a le�ehold) are herein referred to as the '�property��
<br /> Hoeeuwer covet�anfs that Borro�ver ie lawfully eeieed of the estate hereby conveyed and has the right
<br /> to moetpn�e, �ant and convey the Ptoperty, that the Property is unencumbered, and that Borrower wil!
<br /> waenat and defeed generally the title to the Property against all claims and demands, subject to any
<br /> euemetttc and reetrictions liaLed in a schedule of ezceptione to coverage in any title insurance policy in-
<br /> we�e�I.ender'e interest in the Property,or (2) attorney's opinion of title from abstract of title certified
<br /> by bonded abctsacter.
<br /> F'tovtngo ALWAYS, and these preeents are executed and delivered upon the following conditions,agree-
<br /> metttr and oblisations of the Borrower, to-wit:
<br /> i The Borrower agrees to pay to the Lender, or order,the principal sum of .THIRTY.FIVE THQUSAND,
<br /> .A1Rt._1�4.�kS?Q------.--------.-----.-----.----.-------------Dollare (US$..35.•�.e�.............- - >
<br /> ptyable ac provided in a note ezecuted attd delivered,concurrently herewith,the final payment of principal,
<br /> if aot aooner prid,on the ...._ ..1.�t_._.--_ day of ....Hovelnb.e�'_ _ _ _, 34. 2�06
<br /> UHurotu CovEx�Hre. Borrower and Lender covenant and agree ae follows:
<br /> l. l�s�tt et Peiaeipd aed Isb�e�. Borrower shall promptly pay when due the principa 1 of and i�-
<br /> teteet oa the inrlebtedneas evidenoed by the Note,prepayment and late charges se provided in the Note,
<br /> aod tLe prim,^ipal of and interest or any Future Advances svcured by this Mortgage.
<br /> Z. T'unds fo�lm�w�d Iewevncr. 3ubject to Lender'�option under paragraphs 4 and 5 hereof, Bor-
<br /> ; towet el�atU pay to Lender on the day monthiy inastallmentr•of principal and interest are payable under the
<br /> Note,until tlfe Note is paid ia fY!!,a sum (herein"Funds") equal to one-twelfth of the yearly taxea and
<br /> � ar�ewte w^hicl�may attain �ovee thie Mortgage, and groucid rents on the Property, if any plua
<br /> ' eae-bw�etftfi of yearty premiam ments for hsaard insurance, plus one-twelfth of yearfy premium in-
<br /> �ts fut mortga�e in�urance, if any ail as reasonably estimated initially and from time to time bv
<br /> I�ndst an the basis of aaweaiuneetta snd t►i11s and reawonahk+eatimat�+ thcjrec�f.I.en�ipr�hall apply t.he Funds
<br /> �WY�d t#3s�.�r�utr.�t+�e�us p[ea�iume and �ound reats. Lender ehall make no charge for so
<br /> hoi�and applyi� ti�e �sdr or veeityie�aad oompiliag rsid aseeestnents and biUs. The Lender shal!
<br /> �e Oo tie Se�e�ow�er,�vi�t�,m umual aoc.ounting o£the Fua�showing credits and debite to the
<br /> !'u�3s aad t�hc puepere�e wd�ic6 a�dsbik bo the F�tnci�waa made. R'he Fua�ane pledged ae additiun�l +
<br /> aeentity for f'be aams a�;�ed !ry t�1lfoet;.pe. Tlse Borrower agrees t,hat the Funds may be held by the
<br /> twiwder�ed eeme�ied with etlfer lsis8s aad tlfe I.ender's o�vn tunds and the LenJder may pay auch items r t
<br /> � � ikimt�ea�n t�nda awd t6e I�od��a11a1 oat bs litble for inteeeet oe dividende on such Funds. - ��
<br /> a
<br /> ` Tt�e a�#4��i tis l��is�ei�i�► IAa�i�t.to;etha�e �vith the future monthiy installn�nts of F�nds �
<br /> � �eire is 11Ms iue aLB�s at�.aw��wfs, iaw�os peemiu�s and �+w�nd �enta, ehali excaed ;
<br /> �i�MrrE e�d ba Mid ia�a,�ab, inw�c�e p�s aad 6sound e�ante aa they fail dve.
<br /> ���`����paf� '' � sound
<br /> � F Hresn�ree aef�rM, paom�fiy reoud to Bouz+owrer or creditad to Borenwer on .
<br /> + �eMiig ir�ii�s af iM1mdr. t! t6e rrount �tlye�trds I�eM by Lender ehali not be suificient to pay ~
<br /> � ta�w► �t�. i�r�ns�Yli��s�sd eeuls as td�sy f�ii�ue, Boaavwrer e1�811 pay to I.encier - -
<br /> ��M�t�1s r��w wsEhis tLiety dsys a[bee notiee hom Lettder to Boerow er �
<br /> ��i���se�rwre����cra�re in aiantls�y iffitallments of Funds required,
<br /> UP���t�oE a�wn��scaesd by ti�is Ma�etp�e,Lepder ehsll apply Funds hetd as a credit
<br /> �id�rt v w�s d�. j
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