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_ _ _ _ � � ` ',
<br /> IfVDIViDUAL
<br /> DUE ON SALE -
<br /> OPTIONAL FUTURE ADVANCES '
<br /> � �� SAVINGS FUND �
<br /> . Fonp� No..720 7r . . :. ' ,`� '',.
<br /> ' Loan Number___ 35136 — 188_-_ 1__ ;; '
<br /> . ' . . . . . . . . ----Troe e.snen
<br /> ! .78� UU27�Q M O R T G A G E
<br /> �
<br /> � ; THI3 MORTGAGE,made and executed this--------------5----......... day of ...._.....---���-•_...----. A.D., ;"
<br /> j 19..��..,between the Mortgagor,..�bext..C....Flhalay..and.P.eggy..A...I�haley.,...h�sfiand.znd.�ifa,... '
<br /> r �ctintl.y.:aad..eac.h..ia..theix..oWa..right>..---...•--....----•�------�---•-•-------�------•.....................•----..__._...--•--••---••---•--••-•- �'
<br /> jof.......!'i.xaAsl.:_�slamd...._., County of..............Hall.._._........__,State of_..Dtehraska..__...,hereinafter referred ' '
<br /> ,>; to as the Borrower, and the Mortgagee, FIRST FEI?ERAL SAVINGS AND LOAN ASSOCIATIQN OF
<br /> � LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501,its successors and assigns, hereinafter referred to
<br /> as Lender.
<br /> �a WITNE3SETH: T�]8t t}1¢ said Borrower for and in consideration of the sum of 3�OOOY00 OUSAND..AND . � ,
<br /> i NO/100-------------------------------------------- � G' "
<br /> --•...•----•----•-•.................•-...._.._...-----._...-•.-------•------••-•--•�-�-•-•----••-�-----��-----•--�ol.ars (US$---�----'---•--•'-•--._..._.._---......) ,.
<br /> � paid by said Lender, does hereby mortgage, grant and conveHy to Lender, its successors and assigns; the :
<br /> following described pmperty located in the County of _.......__.all , State of Nebraska: x � �;
<br /> j
<br /> i Lot One (1) in Bishop Heights Thi.rd Subdivision, Hall County, Nebraska. { '
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<br /> ' � TocErxse with all the improvements now or hereafter erected on the property, and all easementa, '
<br /> � rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and ,; �:
<br /> water atock, and all fi�ctures now or hereafter attached to the property, all of which, including replace- �,�
<br /> ments and additions thereto, shall be deemed to be and rnmain a part of the property covered by this ' k
<br /> Mortgage; and all of the foregoing, together with said property (or the leaseho]d estate in the event this � :,
<br /> Mortgage is on a leasehold) are herein referred to as the "Property". ; x� �'
<br /> Borrower covenants that Borrower is lawfully seised 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 s
<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 certiSed
<br /> ;) by bonded abstracter.
<br /> „� � PEOVIDED ALWAYS� and these presents are executed and delivered upon the following conditions,agree- . '�
<br /> � ments and obligations of the Borrower, to-wit:
<br /> � THIRTY THOU AN ,
<br /> � The Borrower agrees to pay to the Lender,or order,the principal sum of.......................S,,._D_ANI�..,,,
<br /> —~ -- ------ ---------------_Dollars (US$.._. ..- -••----•- --•----�
<br /> .r�otxoQ..---•----..._.._.__-_..._ - --- so 000.00
<br /> _.....--�........................�---�------...---...._....----------.... .,.-----
<br /> -� payable as provided in a note esecuted and delivered,concurrently herewith,the final payment of pnncipal, >
<br /> -.i� if not sooner paid,on the_.._.....�st---..._...._ day of.....----•�y-�----•�.................. F�..2�7 ,,,�
<br /> :,
<br /> UxisoaM Covsxax�rs.Borrower and Lender covenant and agree as follows:
<br /> 1. Payment o!Principai�d Interest Borrower shall promptly pay when due the principal of und 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 Tmces�d lnsuz�ce. Subject to Lender's option under paragraphs 4 and 5 hereof, Bor-
<br /> rower shall pay to Lender on the day monthiy 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 pius
<br /> � one-twelfth of yearly premium installments for hazard insurance, plus one-twelfth of yearly premium in-
<br /> ",:; stallments'for mortgage inaurance, 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 pay eaid tsaea,assessments,insurance premiums and ground rents. Lender shall make no charge for so
<br /> � holdiag and applying the Funds or verifying and compiling said assessments and bills. The Lender shall
<br /> ,,� give to'the Borrower,without charge,an annual accounting of the Funds ahowing credits and debits to the
<br /> Fnnds and the purpoae for which.each debit to the Funds was made. The Funds are pledged as additiohal
<br /> � ,;
<br /> t� �" security:for the'.sums secured by tfiis Mortgage. The Borrower agrees that the Funds may be held by the y �
<br /> I;ender and commingIed-with other fw�ds and the Lender's own funds and the Lender may pay such items -
<br /> irom its.own funds aad the Lender shall not be liable for intereat or dividends on such Funds.
<br /> "' I��the suioua�of:the Funda held by I.ea�der,together with the futnre monthiy inatsllments of F�nds , - ��
<br /> payabie pnor ta.'the'due dates of-teae�8sseasments,'insnrance premiums and ground rents,shall exceed
<br /> , � tiie amount reqtiired topa y paid.taaes,asaessmeats,insurance premiums and ground rents as they fali due,
<br /> ' spcii:�eacess,ahal�:be,atiBorrower's option, either pmmptly repaid to Borrower or credited to Borrower on �,;z' ,,�
<br /> �� e} !
<br /> x � t�ionthly`insfi.allmerits oE F'unde,.If the amount od the Funds held by Lender shall not be sufficient to pay
<br /> d-` tazes assees�nente, insurance premiame and ground reata as they fall dae, Bornower shall pay to Lender
<br /> �`" ariy�amoun�neceassry,,to,a�ake u f3ie deficien � '�`�� .
<br /> � p cy.withia;thirty days after notice from Lender to Borrower
<br /> requestiag paymeht thereof, or Borrawer,shall, by an increase in monthly installments of Funds required,
<br /> .F,:a repsY ihe:,deSciency,withia t}ie Fund accounting period.. .
<br /> ,.� ` Upon payment.in full of all suma secured by this Mortgage,Lendez shall apply Funds held as a credit �
<br /> �, against a11:auma due.
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