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<br /> IfVD1Y[DUAL`
<br /> DUE ON SALE
<br /> �L OPTIONAL FUTURE ADVANCES
<br /> SAVINGS FUNp
<br /> FORM NA.720 - � �
<br /> ����' Loan fVumber--33D9T�--'--1$$_-_.._.L�
<br /> . � �TYpe F3ranch
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<br /> ,, ; ?7-•OQ254'2 lVI O 'R T `G A G E
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<br /> ; ' �' THIS MOI�TGAGE,rnarle and executed this 1.� day of 1y�,2: A D.,
<br /> i 19 7?_: betcveea the Mortgagor Rand�* 32, Wiles and Marcia G W11es x.Yzus,�d.�nd w�fe, .,�
<br /> ; ,�;_��,_�i}S; �nd__her..own 2ndiva.duz�l,'right::and as__spouse;of the__other,, �ointl�r$nd_ severalZy
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<br /> ``• 7' o#:.�'anc3,Tsland. :;......., County ofi...Hail ,._._.... . State of;.Nebr.�ska_:....._,hereinafGer referred '
<br /> ; : ...._.., ;
<br /> to as;the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> �` LTI�TCOLI�7, 1235 "N".Street,Lincoln; Ne�iraska fi8501, its succersors and assigns;hereinafter referred_to
<br /> 1 as Lender.
<br /> Wtmx�ss��xc That the said Borrower for and in consideration o£the sum of:L�nIENTY-N�E...THCIUSAND
<br /> ._:�4JQ,.:HUNTDBF.l3._E7F.TY_.6PIIJ:_lYf1�1oD.-. ---- ---------...---Dol:ara (US$_.:2s;25A�Qo._ ..,__....} , �,
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<br /> ; paid by fiaid;Lender, daes hereby mortgage, grant and convey to I.ender, its successars and ass�gns; the
<br /> <,, ;',- following desaribed pmperty iocated in the Gounty of. : .._.__:..._..Ha.11:............... Strite of I`Tebraska: ;
<br /> Lot Nineteen (19), Block Two (2), Meves Firs{: Addition, an Addition ta
<br /> the City o� Grand Island; Hall County, l�tebraska.
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<br /> Tc;c:x't[Ea with all the improvements now or hereafter erected on-the property, and all easements,
<br /> rights, appurtenances, rents,: royalties, mineaal, oil and gas nghts and profits, water, water rigtxts, and
<br /> wates:stock,'and ali fixtures now or hereafterattached to the property, all of wliicii, including replace,
<br /> + � ments and additions thereto, shall be-deemed ta be and rernain a part of the groperty covered by this -
<br /> Ivlortgage; and ail of'the'Foregoing, together with said property (or t.he leasehold estate in the event tkus
<br /> ' ; Mortgage is on a leasehold) are herein referred to as the "Pmperty':
<br /> �. Bormwer covenants that Borrower is lawfully seised of the estate�iereby convey�ed and has the right
<br /> ta mortgage,.grant and conve,y the Property, that the Property is unencumbered, and that Borzower will
<br /> wsrrant and.ciefend-generally the title to the 1'roperty against all claim� and demands, snbject to any
<br /> ; easeuients and re�trictions listed in a schedule of exceptions to coverage in any title insurance<policv in-
<br /> ��'-. , suring Lender's interest in'-the Property,or(2) attorne,y's opinion of title from abstract of titie certified
<br /> by bonded abstracter.
<br /> ° Pttovioen Az.wexs, and these presents are executed and delivered upon the foliowing conditians,a„�ree-
<br /> ' ments and obiigations of the Borrower, ta-wit:
<br /> � The Boz'tower agrees to pay to the Lender ar order, the principal sum of __�[�TFI�XrJYI1�E._�I.QtIifl.I3R_
<br /> i ; ...T1nTQ::�F.JJ.�'zk'�X..A�YD_N0�100_-•__'�`_= •------------------Doliars (LJS$ -.2�.�250.,Q0.. ...:::...:..) �
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<br /> ;; payable as pnovided in a note executed and delivered,concurrent.lv here�r-ith,tlie finai payment o£principal,
<br /> � if nnt�-sooner paid,on the_:::ist=........:..... day of-----.zTiin�....------. .,............, ]6Y.2406
<br /> ! UxiFaa:,t-CovExnrrrs.Borrower and Lender covenant and agree us follows:
<br /> I; Payment of Priacipal«d Interest. Borrower shall promptly pay when due the principal of und in-
<br /> i�erest ou the:indebtedness evidenced by the Note, prepayment an�3 x�te charges as pro��ideci in the Nute,
<br /> and the principal of and interest on any Future Advances secured by Lhis Mortgaga.
<br /> �, - s 2.;Funds for Taxes aad Insurmace., Subject.to Lender's option under paragraphs 4 and 5 hereof, Bor-
<br /> ��I rower,shall pay to Lender an the day monthly installments of princigai zind inf.erest are payabie under the
<br /> Nate,;'`untii;the Note'is paid in full,a':sum (herein "Funds") eyual ta one-twelft,h of the �•early taxes anri
<br /> ; assessment�swhiah may attain priority over this Mortgage, and ground ren#s on the E'mpert3�, if any: ptus
<br /> i' one-twelfth of.yearly gremiurn installments for hazard insurance, plus one-twelfth of yearly premium in-
<br /> stailmenta #or:mort�age insurance, if any; all as reasonably estimate�l initially znd from time to t,ime by�
<br /> ` Lender on-the basis of'assessments and bills and reafianable estimate��thereof, Lender shall p�ply the F'unds
<br /> .. ;; to pay sait2 ttixes, assessments,insurance premiums and ground rents. Lender shatl'mulce na charge far sa
<br /> holditig mnd iipp2yuig.tl�a Funclu ur v�;rifying and wr�piling sxtici .�yses�me�iCs arau biils. Tiie Lenuer wuali
<br /> � ' give to the Barmwer,without eharge,an annual sccounting of the Funds showing crei3its and debits to the
<br /> Funds`and the purpase far:which eaeh debit to the Funds was made. The Fumds are pledged as additional
<br /> �£ sernrity for the sums secured'by this`Mortgage. The Borrawer agrees that the Fund�m.ay Ue held by #.lie
<br /> : ' � ' Leacler and commingled tvith other funds and the I.ender's own funde and the Lender mav pay svch items =
<br /> - from its ovc*n funds and tt�e ISender shall not be liable for interest or dividends on such Puncls. ' ,�w„ ''
<br /> { ;< If the amount nf the Funds helrl by Lender,together with the future monthly instalIments of Ftiunds "' k"�
<br /> ` �5 pa�rable pzior.fia-tt�e due dates ot taxes,asxesaments, insurance pzemiume and graunci rentz�; ehall exceed
<br /> � � ; the amouAt required toga y said tazes;assessments, insarance premiums and ground rents as they fall due, °��'r'�,:
<br /> �-�� snch exeess shall be, at Bornswer's optipn, either pmmptiv repaid to Borrower or crediteci to Borrower on '
<br /> . ? mantlhly installm+en#s of Func3s. If the aznount of the Funds held by Lender shali not lre�uiiicient to pay ��P
<br /> . ' taxes,.;r.sses�znents, zz?&e�rance gm�:iu,nzs and,:gtnund.zeuts as th�3 fall d�:e, Boua�cer st-.ali pny Lo Lender , � `;r,
<br /> ; any arnc�unt neceRsarv`#n make up thie�Pfic�iency withuz th4rtS• da1>s after r_otice f�rm Lender to .B�rzewer
<br /> zequest3ng payment ttierepf, 4�Borrower shall, b an increase in monthi "`�`" '
<br /> ' re the deficienc withia the Fund accountin � Y installments of Funds required, �..
<br /> I?aY Y g period.'
<br /> k;- � T3pon papment in>fn13 0#all aurns serurpcl k�v thig Morfgftge,I,ender�hall apply FunciG hpid as a rr�ciit
<br /> `; against all sume;due.
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