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<br /> INDIVIQUAL'
<br /> DUE'ON S�ALE.
<br /> ��' Ol�TIONAL FUTURE A*Jl�ANCES
<br /> ��� " SAVlIYGS FUND
<br /> e U�� FORM N0.72O �. . �
<br /> � �'�M U Q i3 O�e�. Loan Numb�er,_33�577--_ -T p8f3 -eren3 n4
<br /> � ��-£��:'�a�.- M O R T G A G E
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<br /> � � �I�J`77 ' `between�tkae Mort a o and exec.sted ttns �� .t� � day of �l�tic,�t:.. � A D_, � �� �
<br /> THIS MORTGAGE made
<br /> �a g g Z Ranc7�r R Wi1es, and Mascia .G Te�hlesx husl�nd and'vrlfe, ._.
<br /> " '� . e,�.���. 2}?:s._!�nd_,kxgr_own__individual.;right and;�s_.s�ouse,of the_;other,_,aoint�yapd_sec�erally
<br /> � to as t�nd.Island ......---� Coeinty of...Sal1; .--.. .... __..,Stxtto af_:,Nebreska.-„---.,hereinafter referrexi '
<br /> F �� he $orrower and the Nlortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION O�'
<br /> � ;' LINCQLN, 1235 "iv"-Street, I.incoln, Nebraska 68501,its successors and assigns, l�ereinafter referred to
<br /> , 'ae Lender.
<br /> Wii�vssseTx: 'That the said Borrower for and in-consideration of tlze sum of .'_:.'WENT�<.NSNE..TFIQUSAND
<br /> ...'L`fni0.-HL�'ND.9F.➢._E1�'.TY..�PID_:ISQ�100---_ .. ----- ---.. . -----�ol:ars (US$---2�;2.50.C10--� .... ._)
<br /> ° paid by said Lender,does hereby mortgage, grant and.convey to Lender its successors and assigns, ttse
<br /> � foilawing deacribed property located in the Gounty of _..... .___.....Ha11_�. . ..:_:., State of Nebrnska: :
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<br /> 'Lot Nineteen (19�� B1ock'Two (2�, Meves First Addition, an Acidition to
<br /> , ,� the City of Grand Island, Ha11 County, Nebraska. .
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<br /> M�eartgage re—recorded to correct error on martga�e.
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<br /> � TocETxEa witE-i all the improvements now or hereafter erected on the property, and alI easements, ',.
<br /> � rights,:appurtenances, rents;royalties,-mineral, oil and gas rights and profits; wa�r;water Tights, ax�d
<br /> „� water stock,and aEl fixtures now or hereafter attached to the property, a]l of which, incIuding replece- '
<br /> - rnents:and additions.thereto;shalt be.deemed to be and remain a part of the property covered bx ,th3s S
<br /> � 'Yz Martgage; and;'all of the foregoing, together with said pmperty (or the leasehold estate in the event this
<br /> = ' Mortgage.,is on a leasehoid} are hereis referred to as the "Property":' ` -'
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<br /> � Borrower covenants that-Bonower is lawfully seised of the estate hereby conveyed and has the rigIit
<br /> �;,� ' tu mortgage,grant.and convey the Property,that the Property is unencumbered, ancl that'`Borrower wi11 ,, " �
<br /> '� warrant.and defend generally.the title ta the Property against all claims and demands,'subject to an_y z: `i,
<br /> easement�and.restaictions listed in a schedule of exeeptivns to coverage in any title,insurance policy iti-
<br /> surin�°L�nder's interest in the Property, ar (2) attorney's opinion of tit3e from abstract of title certified
<br /> .� bybondedabstract�er. •,;.
<br /> ; Paoaio�p Ai.w�,Ys,.and these presents are execnted and clelivered u�n the fo.lo<<ing eonditione,agre�- ?
<br /> e ;'� ' rnents'and obiigations of the Borrower, tfl-wit:
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<br /> x The Borrotirer agrees to�say to the Lender or order the grmcipai<suan of _:,�7Sl�Xri�7T�dE TJ3QLISASl�.
<br /> - ...TkIU_:H[f�IlZlik�..��'2'_X:,#��?_I30�100.-----� �.- •--- --- •� ---..._......3Jol�ars (US S._:���25�.� �---•-•-) r
<br /> ; payable as provi3eci inru note executed and delivered,concurrently here�vith,the final payment of principa3,
<br /> � if not sooner paid,on the:.::ls_t .._:_..:..._day of.----17"ur+e....:.... ...... ..:.:.:...�.24D6 ;
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<br /> ` BxiF'oaM Cov��raN�rs. Borrower and I.ender covenant and agree as f�ollows:
<br /> � 1. P�ayment of Princi7pal�d IntezesL $orrawer shall promptly pay when clue the principai af and irn
<br /> � terest on the indeb�edne�s evidenced by the Note, prepayment and late charges as provided in the Note,
<br /> �,, ; -. and��ie principa�of and inti�rest on any Future Adv�nces secured by this Mortgage_
<br /> 2. Funds far Taoces and Iasurance. Subject to Lender's option under paragraphs 4 ar3d 5 hereof,$or-
<br /> ,� ? rower sha11 pay to Z.ender.on,ihe day monthly instailments o# princriP3Z and in#.erest are payable under th�
<br /> Note, until the I+iote is paid in full;a surn (herein"Funds") equal to one-twelfth of tlie vearly taxes and
<br /> assessmesits which rnay attain priority over this Mortgage,and grvund renttr on the Property, if any ;�lus
<br /> + � � one-twe1�'aEh of y�early preznium installments for hazard insurance,plus one-tweifth af yearly gxemium in-
<br /> _ stallments for mortgage insurance,if anu> ail as reasonably estimated inztially and from tune to tirne by
<br /> �,,, T.ender o�a the ba�is of ar•sessrrien�g and biiis and-reac�onabie estirnates thereof,Lencier shaU a�s�lv t�tie Funds
<br /> ta�say�.sm�d t�es,'assesssnents, insurance premiums.ind grounc3 rents. Le�der sha11 znuke no claarge for��
<br /> � holrl;no �,a sr+.��...a.,t!:s �.izsds or veri.�s-in snd �n7»txn �iu ussessmenis ana biils.t he i.encier shall
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<br /> giva tp t#�e Borra�we�,svithout charge,an annuai acevvnting of the Funds showing credits and debits to th�
<br /> Ruads arnd the pnrp�pse for whieh each debst to the Funds was made. The Funds are'pledged as additional
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<br /> , < securi#,,y f�or the.a++�secured:by this Mortgage: The Borrower agre�es that the Funds may be heid b,y th�
<br /> � Lett�der as�d cammit�ted with a�her funds and.the'I.ender's own fands and the LendeF inay pay such item�
<br /> " ` faom it$ own funds ancl the 7-�nder shail noti be 11ab1e for,ir_tesest or dividends on such Fund�_ "°' �` �°'4 ''
<br /> { Y a..„� ;f ttye amcays�t of the Func�s�eld by.LendF_ together x*ith the #uture monthly installsnents of�unds ��� .; � 1
<br /> * ':�v p�y�able�a'i�ar tA?Lh�due dates of taxes;assessments, insurance premiums and groua�d reats, slimil exceeec3 �
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<br /> � � �h�a�tc?�t requi�red tro pay sair3 tases,assessrsi+ents,fnsvrsace premiums and ground rents as t.hey fa13 due,
<br /> such.eac+�s sl�ali �at 8urrower's opt3,vza,eitF:er prvm�tly regaid to,Borsower or�redited to Borrower ori ,; x
<br /> ^ " rayont}r3y'=n�±�a•��a�of F�nd�s: If t}w amoaunt ri#the Fttnsis�m+eld bv i,eneder s�all not be suffic3ent:to pay �,�,�.=
<br /> ' " tazes,:ass�sameats, 3nspranc,e:�rremiums a�d gtounrl rents as t�xev fall due, Borrower shrill pa� to Lendea -'"`;"
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<br /> arxiy �mass�at necessarzy Go make up the sl�ciency tv�tlun thirty days after notiee from Leader t�i3orrower �X,.
<br /> reqx:es£ing pay,*memt therQn#,or Borrt►wer-�tae1l: '�y an increase in monthiy installmenls of �unds required, �'
<br /> r�pa5'� de&c3emcy withia tlx�e Fu�d acc�uusatiag pe�.od.
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<br /> i,Jporx payment an ful!o!a31 aums sac�red,by thi�Mortgag+e,l�ender s#iaJl apply k"vnds hc�ld as a credit
<br /> � ageins�:-aT:�suua�ez,due.
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