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<br /> INDIVIDUAL
<br /> � DUE ON SALE
<br /> I / OPTIONAL FUTURE ADVANCES
<br /> ,���A� SAVIlVGS FUND
<br /> ` �-c����� ��.Fow�n N0.720
<br /> LIIVCOI.N �oa� Number_ 34320___ 18 i
<br /> r ---TYP�-----a.a���
<br /> �7-' U�)5226 MORTGAGE
<br /> THIS MORTGAGE,made and executed this ._...._.1..�.t~..._.... day of �Je�?.�H.b.�'A!........ A:D.,
<br /> ' , 19....7.7...,between the Mortgagor, ..:AxmQ1s1.L,...�Zurlczw..and..I.aura..,7.....ThuxlnTa,.husb_ansi..�aad_.wife, ,
<br /> _�.ei.nzl3=-.an.d__sa�la.:xn,.:the:Cx..aHm._s,i.ghz.,- �-----_........................ .........................-...... ,...._....---
<br /> ' of :...:.Gz�n.d..���.aad... :..., County of._ ._ ....�11]-�................State of ....NebxaSkz.... ,hereinafter referred r
<br /> to as the Borrower, and 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 /> as Lender.
<br /> � WtTxEssETx: That the said Borrower for and in consideration of the sum of ..FORTY. FIVE_.THOUSAND
<br /> ; SIX,FiUNDRED.AND.NO/100-----------------------------._-'�ol:ars (US$._45.,600.00_.. ........)
<br /> paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br /> * ` following described property located in the County of .. .......Hall._...................... State of Nebraska:
<br /> Lot Twenty-two (22)� Kentish Hi11s Subdivision, located in8ze South Half
<br /> (S�) o£ the Northwest Quarter (nT��) of �he Southweat Cua;.te� (SW,�—�j of
<br /> Section 25, Township 11 North, Range 10 West of the 6th P.M., Hall County,
<br /> Nebraska.
<br /> TocETxEa 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
<br /> water stock, and all fixtures now or here,after attached to the property, all of which, including replace-
<br /> ments and additions thereto,shall be deemed to be and remain a part of the property covered by this
<br /> Mortgage; and all of the foregoing, together with said property (or the leasehold estate in the event this
<br /> Mortgage is on a leasehold) are herein referred to as the "Froperty".
<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
<br /> easements and restrictions listed in a schedule of exceptions to coverage in any title insurance policy in-
<br /> suring Lender's interest in the Property, or (2) attorney's opinion of title from abstract of title certified
<br /> by bonded abstracter.
<br /> Pxovineu AtwaYs, and these presents are executed and delivered upon the following conditions,agree-
<br /> ments and obligations of the Borrower, to-wit: ,
<br /> ' The Borrower agrees to pay to the Lender, or order, the princi�al sum of .FORTY FI�IE_THOUSAND,_._
<br /> , 45 600.00
<br /> ; SIX_HUNDRED AND NO%100-.--------------_----.--------.'-:Dollars (US $ ....---' - .--.------ ----—)
<br /> payable as provided in a note executed and delivered,concurrently herewith,the final payment of principal,
<br /> ' ; if not sooner Paid,on the.----lst._......--_.--- day of ._.February_..- -_...----..., 19..g$...
<br /> UNiFoamt CovEnrnxTs. Borrower and Lender covenant and agree as follows:
<br /> 1. Payment of Principal and interest. Borrower shall promptly pay when due the orinci�al 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 und Insurance. Subject to Lender's option under paragraphs 4 and 5 hereof, Box-
<br /> rower shall pay to Lender on the day monthly installments of principal and interest are payable under the
<br /> Note,until`the Note 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 /> otie-twelfth of yearly premium installments for hazard insurance, plus one-twelfth of yearly� premium in-
<br /> stallments for rnortgage 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 shall apply the Funds
<br /> ' to pap 5aid taxes,assessments, insurance premiums and ground rents. I,ender shall make no charge for�o
<br /> holding and applying the Funds or verifying and compiling saicl asse�sin4nL� an:3 bills. The Lender shall
<br /> give to the Borrower,tivithout 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. 'I'he Funds are pledged as additional
<br /> securit3� for the sums secured by this Mortgage. The Borrower agrees that the Funds may be held bY the
<br /> Lender and commingled with other funds and the LendeYs own funds and the Lender may pa,y such it,ems
<br /> , ' fram its own funds and the Lender shall not be liable for interest or dividends on such Funds. �,� �,.;
<br /> If the amount of the Funds held by Lender,together with the future monthly installments of Funds ' �
<br /> �1 r
<br /> payable prior to the due dates of taxes,assessments, insurance premiums and ground rents, shall esc�eed �
<br /> the amount r�uired to pay said taxes, assessments,insurance premiums and ground rents as they fall due, ,
<br /> ' �' such excess sha11 be,At Borrower's option, either promptly repaid to Borrower or credited to Borrower on
<br /> monthly instaliments of Funcls. If the amount of the Funds held by Lender shail not be sufficient to pay '� '
<br /> taxes, assc:ssment�, insurance prer:Ziums and grour,d rents as thel- f:11 due, Sor:Gwer shall pay +o I.end?r
<br />� ��y amount necesa�try to make up the deficiency withia thirty days aft�r notice from I,ender to F3ormwer
<br /> requesting payrnent thereof, or Borrower shall,by an increase in monthly installments of Funds required, .�
<br /> repay the deficiency within the Fund accounting period.
<br />� LrPan PRyment in full of all G�ims cecvred b}+ this Mortgage; i,Pn�lPr shalt apply Fund�held a5 a credit
<br />„ � against ali sums due.
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