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<br /> � >I�NDIVIDUAL.
<br /> Dt3E ON'SALE
<br /> ��7�� OPT3dtVAL FUTURE Ai7VANCES
<br /> �i SAYINGS FUND
<br /> F���'� FORM N0.720 � . . . � . .� . .
<br /> ��� Loan Number__�3052----_-188.�---- 1--
<br /> y� . �... � . . . . � . � � TVPe � Branch . .
<br /> �, : ' �'7� C�n2�6�. M a :R T-G A G E
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<br /> � ' THIS MORTGAGE, made and executed#his .��e� day of _.. /�� e 1 A:D.,
<br /> ' 19--.-----..,between the Martgagor, _Ge.xa7,d..�^?,:;.&�.e?nex, a..�i�??$le.:P.erson anei.,.Tane._E.: Hardekopfs--
<br /> ; a.aingLe_.pexSnn.._..�:QiA.t7.y.;.�d._S.e.X�X�:1.�.Y and.:each..ir their_own rights ... --.... . ._.------.-
<br /> � of.G.xantJ.._Z&laaxd....::...:... Count of.:.'.:.F��.1.1 ......,State of::.Nebraska ._..,hereina£ter referred '
<br /> y ........ ..
<br /> to as:the Borrower, and the Moxtgagee, FIRST FEDERAL SAVINGS Alv`D LOAN ASSQCIATI02�T GtF
<br /> LINCOLN, 1235"`N" Street, Lincolii,Nebraska 68501, its successors and assigns, hereinafter referred io
<br /> ! ' as I.endea
<br /> ; WtxxsssE�x: That the said $orrower for and in cqnsideration of the sum of FIFT�EN THOUSr}I�ti3_.,_ '.
<br /> °, - THREE::HIJI33?xiER_:�_.ALQl.�QR-_------cr..----r..-------..--------Doi:ars (US 5.15.x300..�0:.. ...... .
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<br /> � ' paid by said Lender, does hereby mortgage, grant and conve.5' to Lender, its successors ancl assigns; the
<br /> "" followin�described property located in the County of . .Hall:.......:...... _,.. .-.., State of I*Iebr�slca:
<br /> Lot Ane Hundred Thirty One {131) in Buenavista Subdivisian, An Add3tion
<br /> to the CSty oP Grand Island} Hall� (bunty, Nebraslca.
<br /> ;:
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<br /> , � TacE'raea with ail the improvements no�v or hereafter erected on the property, and all easement.�,
<br /> ; rights, appurtenances, rents, royalties, minerai, oil and gas rights and }�rofits, water, water rights, and
<br /> water stock, and all fixtures now or hereafter atiached to the property, all of which, incIuc�ing replace-
<br /> ; ments and additions thereto,shall be deemed to be an<1 remain a part of the propert.,y� coFeresi by this
<br /> Mortgage; and all of the foregoing, together rvith said property {or the leasehold estate in the event this
<br /> 4 Mortgage is,on a lea.sehold) are herein referred to as the "Property".
<br /> f Borrower covenants that Borrower is lawfuily seised of the estate hereby caxiveyed and h�s the righi
<br /> ' -y to martgage,grant and convey the Property, that the Property is unencumbered, and that Borrower w-iil
<br /> ' warrant und defend generaily the title to t.he Pmperty against aIl claims and c�emands, subject to any
<br /> easements and restrictians listed in a schedule of exceptions to coverage in any title insurance policy-in-
<br /> ; suring Lender's interest in the Property,or ('?) attorney's opinion of titIe from abstract of title certified
<br /> by bonded absiracf,er:
<br /> 4 PaoviUEn Ar.waYs, and these presents are executed and delivered upon tyhe foliowinn conditions,agree-
<br /> ments and obligations af the Borrower, to-�rzt:
<br /> ; The Borrower agrees to pay to the Lender,or order, the principal sum of �'�F'��EN,��O[J$Ab`1A ..:.__.
<br /> = THRE&_.HUNAREI2_:�J,`?D._I391.�RQ.-----.-.--.-----------------'--Dollars (LrS� 1.5,300.00
<br /> . . ...... ..__.)
<br /> pay�able as provided in a note eaecuted and delivered,concurrently herewiih,%ne tinal pavmenz of principal,
<br /> ; if not saoner paid,on the_......lst.._ ....._.., day of......_. _M�'.Y_.._.. ._.> }�.20C�
<br /> U.HiFOR?�T Govsxaxrs:Borrower und I,ender covenant and agree as follows:
<br /> 1. Payment of Principal and interest. Bon•ower shall gromptlp pay v.`hen due the F�rincipal of and in-
<br /> terest on the indebtedness eczdenced Uti ihe Notc, prepaymeni and late charges as provided in ihe Note,
<br /> and the principa!of and interest on any Future Advances securecl by this ?�1ort.gage_
<br /> 2. Funds for Taxes mad Insurcmce: Subject to Lenc3e.r's option under paragraphs 4 and 5 hereo(, I�c�r-
<br /> rawer shall pav to Lender on the day monthly installmenLs of prineipal and int;erest are puyat�le under the
<br /> Note,until the Note is paid in full, a sum (herein "Funds") egual to one-t�velfth of tlie yearly tases and
<br /> assessments which may attaj,n priority over this Mortgage, and grauncl rents on tIie Pro{xriy, if any �Ius
<br /> oae-twelftiz of yearly premium installments for haz�rd insurance, plus one-twelfth of ,yearl�� premium in-
<br /> stallments for mortgage irasurance;if an,y, all as re�sonably estimated initialiy and from time to time by
<br /> Lendar on the basis of assessments and bills and reasonable estimates thereof, Lender sha11 apply the Funds
<br /> t� pay said tases,nssessments, insurance paemiums and ground renCs. l�nder s1�all mal:e rto churkc for sc�
<br /> ha:;.�zng ar.� appiyin„ thc P'uai�s c: t�c«:f}•i;g ;zn� comr:lir.a sai� assc� mcn*_s �nc3 hill�. Thi� i,en�8er shTil
<br /> give to the Baxrower, without ch�rge,an anncsal accounting of the Funds showing credits and debits to f:ne
<br /> Funds'and the purpose for which each debit to the Funds was niade. The FundR nre plec3ged as addit:ional
<br /> security for the sums secured by this Martgage. The Borrower ngreer khat.the* Funds may be held b�� the
<br /> Lender and commingled with other funds and the Lender's osvn funds and the Lender rnay pay such items
<br /> from its owxx funds and the Lender shall not be liable for interest or dividend�on such Funds. �.�,; �
<br /> ' - �,;
<br /> if the amount of the Funds heid by<Lender,together with the future monthly insiali�nenis oi Funds �' _��
<br /> ' payable prior to the due dates of ta�es, ase;essments, insurance premiums and ground renfs, shall exceed �
<br /> the amaunt required to pay said tases;assessments,insurance prerniums and ground rents as they fall due,
<br /> �. such excess shall be,at Borrower's option, either promptlg repaid to Borrower or cred'ated to Borrower on " ��'
<br /> monthly installments of Funds._If the amount of the Funds held by Lencler shall not t�e sufficient to pay �' '�
<br /> taxes, acs��smentR, inauranr.e preminms ancl �und rents as thev fall due. Borx»wer shall pav io Lender ,
<br />�` aaiy amount'n�cessarv ta ma�e up the deficiencY�vithin thirty da��s ufter notice from Lender to Borr<»ver �'
<br /> requesting payment thereof; or Borrower shali, by an increase in monthly installments of P'unds required, �
<br /> repay the defieiency within the Fund:accounting period.
<br /> Uk�on payment in fu11 of all surns secured bv this Mortga�e;Lender shai3 apply Fund�held as a csedit
<br /> against ail sums due.
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