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INDIVIDUAL
<br />~a^~ DUE ON SALE
<br />t~CT 'l OPTIONAL FUTURE ADVANCES
<br />~~R.7! SAVINGS HIND
<br />Pvwef Nu. 72n-479
<br />Loan Number___43413_____ 18_____Ba_~
<br />79-~~~'~`~ MORTGAGE
<br />THIS ItfORTGAGE, made and ezecuted this _.--__.31._--------.. day of ..._...G~ ~~- ............... A.D.,
<br />19. t ~.-., between the blongagor, ..._Delbert _D.-. Theasmever_ and- Lois,-A.. Theasr~eyer, _husband,_-,
<br />__ and,wife,_~ointly, and._each.in thetr_-own right __-_,-_ __ ,.- ....-. _._...-....
<br />of ..Grand Isiatid . ,County of . .. 8a11-. ..__. ., State of Nebraska ,_ ,hereinafter referred
<br />to as the Borrower, and the ]fortgagee, FIRST FEDEFL4L SAVINGS AND LOAM ASSOCIATION OF
<br />LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to
<br />as Lender.
<br />W2TxSS5ETH: Tha# the said Borrower for and in consideration of the sum of ..TH1B.T.Y...'>'H.tWS9NTA._..
<br />..T1JII-HIINDRID.-dAIT!__N41-104..--.--------.-------.-Dollars tIIS y'--..3.0,249,.04.__...._......3
<br />--~- --
<br />paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br />#oliowing described property located in the County of ..-.._.._...Ha11_....__........-.., State of Nebraska:
<br />Lot fine (1) in Strawberry Lane Subdivision, City of Grand Island, Rall County, Nebraska
<br />TocssaEe 4ritit all the improvements new or hereafter erected on the property, and all easements,
<br />rights, appurtenances mn#s, royalties, mineral, oil and ras rights and pto5ts, water, water tights, and
<br />water slack, and all f'iztttres not or hereafter attached to the properyy, all of rehich. including replace-
<br />meats and additions thereW, shall be deemed to be and remain a part of the property covered hY this
<br />A4origage; and all of the foregoing, together wsth said property (er the leasehold estate in the esrnt this
<br />I-iorigags is oa a leasehold) are herein referred to as the "`Propene"-
<br />$ttrnower covertattt$ that Harrower is lawfully seised of the estate hemby conve}°ed and has the righ#
<br />to nxtrtgags, groat and convey the Property, that the Property is unencumbered. and that Borrower will
<br />>teatsartt and defend generaIly the title to t'^e Propertq against all claims and demands, subject to any
<br />ta~emeats and restr?ctions listed in a schedule of szceptions fa rnverage in any title irtsurartce policy in-
<br />surirtg Leader's in#erest in the Property, or f?l at#amey's opinion of title from sbstra^t of title certified
<br />by bonded abstracter.
<br />Pactvm~ ArwwXS, aad these pmsenta are ezecuted and delivered upon the #ollowing conditions, agree-
<br />meats and oltiiga#ir:ns of the Barrovrer, to-wit:
<br />'t'he BorrrrR'e3 agr+aes to pay to the Lender, or order, the prirxypal sum of -..?'~$?q. T$all-`'~A11--i?.--.----
<br />_._YI~2.~ID.~P-~L~~?_-_._.._..____-_-______.___________-"DaUars tC75 3._-39,_ZtX1.00_ -
<br />-- )
<br />payaltle as ptavided is a note a;ecuted aad delivered, cbncurrerstlc hemwdtlr, the final pacment of principal,
<br />if not sooner paid, on the .- --...F3rsi.-__ day of ..__.~ugrrst _ --.._...- . -.. - . al_ ~QflO
<br />L ;~.,¢:c fiavsr.axrs Borrower and Leader cotenant and agree as follows:
<br />1. pepment ai Pra+cipal and lrttmest. Borrower shall promptly pay when due the principal of and in-
<br />tesettsi on ilte ittdebt es~denceaf by the Note, pa•epa}°tnent and }ate charges as proti~ded m the Note,
<br />sad the ;triacdpal of and intrez~st Uri any Future Advancers se+cvred by #ltis Mortgage.
<br />Y. Fmtds #os Tortes os~ Ieeurm>ce. Subject tta Lender's option under paragraphs 4 smd a hereof, Bor-
<br />rawer shall 7wY tv Leader $n the day monthly iastalhneats of principal and interest are payable under the
<br />:Vote, rratil tltc ?dote is paid in ivTi, a sum lhereia "Funds") equal Lo one twelfth of the Yearly fazes and
<br />qtr, A•imir$t ran}• attain priority over taus \iongage, acrd ground rents an the Proper}•, if any plw•
<br />ate-twelfth of }•eany pesmium ~s at ~Irr+~+ts far hazard irrvsuraace, Plus ones twelfth of Yearly Pnemium in-
<br />~ fry maataags iawrraace, if any, ail as reasortaltiy estimated initially and from time to time by
<br />Letsder ram afte basso of eta atxl b~ and resaonable estimates thereof, Lender shall apply the Funds
<br />M pay slid tttzes, ameats, insurance gr~niums and graurtd rents. Lender shaif make no charge for so
<br />awl appi3^in$ tlam Ftmds or ~fying anti cttmpiiing said assessments and bills. The Lender shall
<br />der the Bores, wiilsout rlsarge, su annmi ar±cntmtixsg of the fltads showing credits and debits to the
<br />arui die pm';woe ~• ~rtsith r d #a the Funds wan mstde. Thu Funds are pledged as additional
<br />ate ~r t#ts anrew by #his 14Lortg. Ths Borrower agrees that the Funds may be held by the
<br />3: sad wit$ other fi~ aad tlw Leader's own funds sad the Lender may pay such items
<br />fssa'r its own fits aad the Leader gall cwt be ~e for irttersst or dividends on such Funds
<br />If ~ of the >t'oads htdti ~ , together with fire future manthiY installments of Funds
<br />pwysb3e psisaa' to the dire lilies of tuts, ante, insurance prc~ittms and ground rents, shall ezceed
<br />H1e ama~ > iaops y slod tams, aoseasmirnts, irtsurartee premiutna and ground rents as they #all due,
<br />atilt esoess ~B be, at Baaro~?s op~tian, either is'omptIy repa'd to Borrower or trollied to Borrower on
<br />r>rstotthily ~ of Ptiads. T# tic ammmt of the I<'tmds held by Lender shaA not be sufficient to pay
<br />ts3ea, ~ prmaiuass aad grceusd testa as they fall due. Borrower shalt pay to Lender
<br />say amorst aeosaasr3+ to make trp file degcleacy wrthia thirty days after notice from Lender to Borrower
<br />ro4E payemett thereof, or Borrower shall, by as increase in monthly installments of Fonds reyuired,
<br />~Y lire within-tits Ftmd scrouating period.
<br />LTpoa payment m full of aB soma secured by this I4fortgage, Lender shall apply Fund, held as a credit
<br />against all soma dire
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