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<br /> IIVDIVIDUAL
<br /> DUE ON SALE
<br /> ��ST OPTIONAL FUTURE ADVANCES
<br /> �f7CpA� SAVINGS FUND
<br /> `�-��■_. FORM No:720
<br /> I�L,VL�
<br /> ;� �� � � � � � Loan Number_ 34576___—_ 188� ��1
<br /> :: �I I � �1 �i �..' .. � . . . � . . . . TYCe . Branch .
<br /> � ,f)�1�'�3
<br /> M O R T G A G E
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<br /> ; THIS MORTGAGE, made and executed this .:...._ �f�______________ day of :.���jL�,c,�2�.._ A.D., '
<br /> � ; 19 97..:..,between the Mortgagor,.I?�a.e..I.i..,..�2ax�s .and I.Q.Oxa.,T....I2av�,s,..b.u�band_an.d..wifa,._---...:':.
<br /> : 'v .a.a.xn��y.,:an.d..�acb.:.in._.t�i�:Lx...¢Hm:.x.i.ghx:>---••------•---��--�-�
<br /> ?, �-----------------�---�---�----��---...- ------�------.
<br /> of--•-••--Grand,_Tsland �, - - - •-----.•-•-••
<br /> : ......._., Count of:............Ha��„_.._..,.,,..,State of.. N�b.r,a�ka....._.,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 successors and assigns,hereinafter referred to
<br /> as Lender.
<br /> ; WiTxEssaTH: That the said $orrower for and in consideration of the sum of..�I.EN'�Y._�'0[�,..��3qUSAND r '
<br /> . AND__NO(100 ------------------------------------- � 24 000 0
<br /> - ------•- -••---------------•--•� --�--�---- -----•-----��----�-�-•--. .._...Dol.ars (US$ .---9-•-
<br /> -� - ..... ..._ _ .
<br /> ; paid by sazd Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br /> a foliowing described property located in the County of ._....Hall ._._...._._,.� State of Nebraska:
<br /> ' Lo-t Eight ($), Block Five (5), H. G. Clark's Addition to the City of Grand
<br /> " Tsland, Hall County, Nebraska.
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<br /> � 'I'ocErxEx 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 hAreaftcr attached to the property, all of which, including repIace-
<br /> ments and additions thereto,shall be deemed to be and remain a part of the property covered by this
<br /> Mortgage; and all o£ 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 "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 unencuinbered, 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 /> PaovinEn ALwAYs, 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, thP priacigzl svr; af._'�!?�t7TY_,i�UTc__Tri6ij,S.,9DlT?.AND
<br /> i�4/2�^�-�c-.------:--------.--------------------.----------_�ollars (US $.. 24 000 00..-----
<br /> ..s------ ---)
<br /> payable as provided in a note executed and delivered,concurrentl,y herewith, the final payment of pnncipal,
<br /> if not saoner paid,on the-----.-1s�...... .----. day of-.---..O�tQber.....................�.2Q06
<br /> UxtFoaM CovErrnxTs. Borrower and Lender covenant and agree as fo3low�:
<br /> 1• Payment ot Principal and Interest. Bormwer shall promptly pay when due the principal of and in-
<br /> terest on the indebtedness evidenced by the Note,prepayment and late charges as provided in the Note,
<br /> and the principal of and interest on any Future Advances secured by this Mortgage.
<br /> 2- Funds for Taxes and Insur�ce. Subject to Lender's option under paragraphs 4 and 5 hereof Bor-
<br /> rower shall pay to Lender on the day monthly installments of principal and interest are payaUle und'er the
<br /> Note, until the Note is paid in full,a sum (herein "Funds") equal to one-twelfth of the yearly taxes and
<br /> assessments which may attain priority over this Mortgage, and ground rents on"the Property, if any �lus
<br /> one-tweifth of yearly premium instaliments for hazard insurance, plus one-twelfth of vearly premium in-
<br /> stallments for mortgage insurance, if any, all as reasona7�ly estimated initiall,v and from time to time by
<br /> Lender an the basis of assessments and bills and reasonable esY.imates thereof, Lender shall apply the Funcis
<br /> to pay said taxes,assessments, insurance premiums and h�our.d rents. I.en�ar shall niake no charge ior so
<br /> }x�lding and applying the Funds or verifying and compiling said assessments and bills. The Lender shall
<br />� give to the$orrower, without charge,an annual accounting of the Funds showing credits and debits to the
<br /> Funda and the purpose for which each debit to the Funds was made. The Funds are pledged as additianal
<br /> security for the sums secured by this Mortgage. The Borrower agrees that the Funds may be heid by the
<br /> Lender and commingled with other funds and the Lender's own funds and the Lender may pay such items }-"y�
<br /> from its own funds and the Lender shal.l 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 /> payabie prior to the dne dates of tases, assessments, insurance premiums and ground rents, shail exceed J
<br /> ` thte amouttt required to pay said tases,ass�ments,insurance preauums and ground rents as they fall due, � ��s`
<br /> such eaccess shall be,at Borrower's o tion,eitha*prs+r_�N±?;,*.;�epaid to Borrower or credited to Bonower on
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<br /> monthly igstalla�ents of Funds. If the amount of the Funds held by Ler.dez sha:2 nat be sufficient to pa,y-
<br /> *ases, �se�sqients, uasuzance premiums and ground rents as thev fall due; Rorrower shall �
<br /> any wmeunt �cssary .,a mat�e up the deficiency.within thirty days after notice from I»ander�tn EiormwPs ' �� �
<br /> g_ t._:ec. , a-�,-,,;C� anaii, by an increase in monthiy installments of Fun<Is required, �~
<br />�' �nuestin navr�,er,+ t, s - n�
<br /> repay the deficiency within the Furid aceounting period.
<br /> TTlj^T�I�ftyment in full tif all sL_s,;,,-,c:;;:�d Ny;};;s i-ivrtgage,i,ender shail apply Funds held as a credit
<br /> against a31 sums due.
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