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<br /> � INDIVIDUAL ' .
<br /> `'',i DUE �O1V SALE
<br /> ' OPTIONAL FUTIJRE ADVANCES '
<br /> 1 �L . SAVINGS .FUND r`, fi,l.
<br /> � . _ ., FonM No.720 . . . . � '� � :
<br /> ' Loan Number--- 35509- -- 188--- 1- � ;, €
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<br /> . . . . . . ... TYOe BrYnC� 4 �+��
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<br /> Z8'''OU1F�3 M O F2 T G A G E �:
<br /> TI3I$MOFiTGAGE,made and executed this----.------•--.--••---��day of.��,�syl�/.�-G'�.........:... A.D., i . �, ;
<br /> 19 7�,between the Mortgagor,. �r�us,D..,Wilson._aad_Kath_ry,n,.5,..,Wilson,._:}sssband.,and_F.ife, ;
<br /> ,.jointly_,and.each._in.their,own__right,______________ '
<br /> • --•-••.. ......... ......... ......... ..•...... _._....._ �
<br /> r; of ..:_Grand Island County of...._.. . .Hall ---.,State of---Nebraska ,hereinafter refeaed ;
<br /> •...-•-•- •-•---.., ...._... ._..... , ,
<br /> to as the Borrower, and the Mortgagee, FIRST F`EDEF2AL SAVINGS AND LOAN ASSOCIATION dF
<br /> LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns,hereinafter referred to
<br /> as Lender.
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<br /> � WITNE9SETH: Tklflt t}1¢�S81d Borrower for and in consideration of the sum of....T��RTY FIVE TAOUSAND ' � = '� ;
<br /> ., TFIREE FiUNDRED SIXTY AND NO/100--------------------- , 35,360 00
<br /> • _.. •---•----•-•------•-•.............................................•--------••-----...__..._..--------••---Dol.ars (US$-----........._.. ........ _._.._)
<br /> pazd by said Lender, does hereby mortgage, grant and convey tHall.elnder, its successors and astsigns; the k �.
<br /> � following described property located in the County of.__.....----•-•--.•-•--••------..-•---------, State of Nebraska: ; .•'. r
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<br /> Lot Twenty-six (26), Wolfe's Subdivision in the City of Grand Island,
<br /> FIall County, Nebraska. ,'
<br /> � �5.
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<br /> . . . i a 3 f�e�
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<br /> TocETx�a with all the improvements now or hereafter erected on the property, and all easements, ; �`�'
<br /> rights,,appurtenancea, rents, royalties, mineral, oil and gas rights and prafits, water, water sights, and >
<br /> i {F
<br /> water stock,and all fistures now or hereafter attached to the property, all of which, including replace- - t +;`
<br /> ments and<additions thereto, shall be deemed to be and remain a part of the property covered by this � " T
<br /> Mortgage; and all of the foregoing, together with said pmperty (or the leasehold estate in the event this � ,,.:
<br /> 112ortgage ia on a leasehold) are herein referred to as the "Property". `
<br /> Borrower covenants that Borrower is lawfully seiaed of the estate hereby conveyed and has the right � ��_;
<br /> ta;mortgage, grant and convey the Property, that the Property is unencumbered, and that Borrower will i �x�
<br /> warrant and defend generally the title to the Property against all claims and demands, subject to any ' r �>'
<br /> easements and restrictiona listed in a schedule of eaceptions 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 abstracten �
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<br /> - .PROVIDED ALWAY3� and these presents are executed and delivered upon the following conditions,agree-
<br /> ments and obligationa of the Borrower, to-wit:
<br /> . The Borrower agrees to pay to the Lender,or order, the principal sum of .._._.T..fIIRTY.FIVE.THOUSAND E
<br /> • .TfiREE,.HUNDRED._SIXTY._AND__NO/100--------------------.Dollars (US$__.35,360 00•....... .........) `
<br /> payable as provided in a note executed and delivered,concurrently herewith,the final payment of principal,
<br /> � if not sooner paid, on the................7.st__...day of.-----...---ADx.3.J.--•----•--...---......, �c_2007 , : '
<br /> „� U�F'oaM CovExwarrs.Borrower and Lender covenant and agree as follows:
<br /> a 1. Paymont of Priacipal�d Interesi Borrower shall promptly pay when due the principal of and in-
<br /> terest on the indebtedneas evidenced by the Note,prepayment and late chargea as pmvided in the Note,
<br /> and the principal'of and interest on,any Future Advances secured by this Mortgage.
<br /> 2. Fuads for•Taxes�d 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 payable under the
<br /> ;: Note,,until-the Note is paid in full,a aum (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 inatallments for hazard insurance, plas one-twelfth of yearly premium in-
<br /> stallments for mortgage�*+=+++�rce, if aay,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 pay said taaes,'assesstnents,insurance premiums and ground rents. Lender shall make no charge for so
<br /> ,,; holding and applying the Funds or verifying and compiling said assessments and bills. The Lender shall
<br /> give.to the Borrower,without charge,aa annual accounting of the Funds ahowing credits and debits to the
<br /> Funds.aad.the purpose for which each debit to the Funds was made. The Funds are pledged as additional :
<br /> security,foi the suma aecured by this Mortgage: The.Borrower agrees that tbe Funds may be held by the �c�� `
<br /> Lender and commingled'with other funds and the Lender's own funds and the Lender may pay such items f
<br /> _.. ...r_ .,
<br /> . ., frdm.i�own funds and the I:ender shaIl not be liable for intereat or dividends on such Funda. ,� , ..,�_
<br /> If the amount-of the Fuads held by Lender,together with the future monthly installments of Funda � �.,,�
<br /> peyable�pnor to:ttie�due dates of taxea;assesaments: insurance premiums and ground rents, shall eaceed
<br /> tti�amouat i+ec�,uired•to pay said tazes,sasessments, ansurance premiums and ground rente as they fall due,
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<br /> such eacese shali`-tie;at Borrower's optioa,either pmmptly repaid to Borrower or credited to Borrower on ""�,.
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<br /> mbn�y'3n�tallmenta of`sFunds. If tHe amount of the Funds held by Lender shall not be sufficient to pay �' r•
<br /> 'tazes,:,sssesements,insurance preariums and gn+ound reats as they fall due,Borrower shall pay to Lender '•��""'�''"` �""�'
<br /> auy amotmt'neceseary to ma�e up''the deficiency withia'thirty days after notice from Lender to Borrower
<br /> �� �4u��8:;PaYm��ereof, or Borrower shall, by an increase in monthly installments of Funds required,
<br /> ,; repaY:ttie'deficiency,within the Fund aocounting.period.
<br /> `� r'Upoa�payment in full of all sums aecured by this Mortgage,Lender shall apply Funds held as a credit
<br /> � against all,sams.due. �
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