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<br /> DUE OIV,,SAt.E
<br /> �,' OPTIONAI_.FUTIIF?E ADVANCES
<br /> �� SAViNGS FITND
<br /> .` Foitwi Nn,72A �
<br /> ���' Loan iVumber_----33621_— 28$ ` 3
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<br /> !r�'= �C��'��� 11/l C) R'T G A C� E
<br /> , THTS MOR3'GAGE,made and exacuted this ----.-. �t _----_---- day of ---• -��"1.�: . r.._. A.D.,
<br /> : 197Z.---,between the Martgagor, ----.Kenneth..Steanheck__an.d..E2aine:.i�....Stei.nheck.,...h�shanr3..and----
<br /> ; *a3£�.- aAintlg_;:and_aach__in_:thea.��_o�an.sight
<br /> ---- -.___... _ ....... . _ --------
<br /> •;, af--,---.!��at�d.,Islaud._;..., County of --•---•--.....Hall.------:.__,State af...�Iehraska.:_....,hereinafter referred '
<br /> to as the Bonovicer, and the 14Sortgagee, FIRST'FEDERAL SAVINGS AND LDA,1�T ASSOCiATION OF
<br /> i.Ii�i�vi.Iti, 225;, "N" 8u;2��,.Li�colr., N:.3ra:ka 6$5Qi, iie successors and assigns, hereinafter refezred ta
<br /> ` as Lender,
<br /> �,� Wi�'xEssEZFt: That the said Bnrrow$r 7or an3 in consideratian of uhe scsxa cf_.S�V�IZ'��]�N_:2�3QSJ.SANA �
<br /> _ �iS� �IO!100--- ._ �-- `_-� ----i -�- --- ---�-:�ol:ars (US$-17,QQQ>4Q --.:_ --)
<br /> .. _.. _. �
<br /> paid bv;said Lender, does here�y mortgage, grant and convey to Lender;its successors xnu �a;s,�, �.".�
<br /> ; following described groperty located in the County of._._:Hall________________ __________ __ gtate of�7ebraska:
<br /> Loti swo (2), �1ock 7.�irteen {13), of Sehimmer's Addition to the C'�ty of
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<br /> rrn.,a Is�sn� ??41�'.ro-a.^��y, ;w2braska.
<br /> a
<br /> ;, TdcsT:i�s with ail the improvements now or hereafter erected on the property; and a12 e,asements. "
<br /> rights,;appurtenances, rents, royalties, mineral; oil and gas rights and profrts, �vater, water rights, and
<br /> water.stock, and all fi�:tures now or hereafter attached to the pro�+erty, all of �vhich, ine3uding reptace-
<br /> � ments and'additions thereto,shall be deemed to be and remain a part of the pmperty covered �y this
<br /> Mortgage; and.ail of the foregoing, together with said property (or the leasehold estate in the event this
<br /> �:� Mo=tgage is on a le�a�ho?d� �re hes� seferred to as the "Property,,.
<br /> :,� .
<br /> ,i Borrower covenants.that Barrower is iaw#ully seised of the`estate hereby comeyed and has the right
<br /> ,,,; to mortgage,grant.and,conrey'the Progerty,that the Property is unencumbered; and that Borrower-will
<br /> '' warrant and,`defend generally the titie to the Property against all claims and demands,,subject-ta any
<br /> ".' ' o +itln inaurance'W1icY in-
<br /> easetnenis and resiriciions iisiea in u Stz7euuir�f caGcy�i;, :; cc ^:s„s �: �^_
<br /> ; suring Lender's interest-in the Property, or (2) attorney's opinion o£ title from abstract of tiEle cerf:ified
<br /> ; by bonded ahstracter.
<br /> ; ' Paot tnEn ALwn�rs, and th,ese presenfs are executed and delivered upon the folloKzng conditians,agres-
<br /> �- ? ments`and obligat:ons of the Borrower, to-wit:
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<br /> .i '£he Borrowetagrees to pay to the-I.ender, or order. the principal sum of _.S�NTFEN...TH�IIS.AND;::..-
<br /> :'a .A�tA'��1-100.�--=- • ----_-_.._--�—r._---._—r--cr--cc-----------:-.�'iollars (LTS�:.:17_,L1QQ.�Q......: .........)
<br /> °'ry pa��able as provided in a note esecuEad and delivered, concurrentiv herewith,the final payment of principai,
<br /> if not sooner paid,on tlae. _.:_.:1-st...----.:�-day of--.---__Su1y......_. ..._..._...,�..24Ab
<br /> UxxFoant CovENaxis.Borrower and I,ender covenant and agree as follows:
<br /> 1,'Payment o#Principal cmd Interest Borrower shall promptiy pav when due the princripal nf und in-
<br /> terest on the inc3ebtedness evidenced-by the Note:,prepayment and late charges as provided in the Note,
<br /> and:the principal of and interest on any I'uture,Advunces secured by this�1lortgage.
<br /> 2 ��cL#o=.Te__gs�d insur�ace,- Subject to Lender's optaon-uader paragraphs 4 and 5 hereo£ Bor-
<br /> rnwer shall pay to Lender on the day rnonthly instailments of grincipal an�3 inierest are payable pnder tne
<br /> Note,un#Sl the Note is�aid in full,a suin therein"Funck") equal to one-twelfth a# the yearly taxes and
<br /> assessmentswhich may atk.ain mrioritY over this RSortgage, and �mx�n� r�n+s �n thu �'rt,z ty. i#atiy ��ius
<br /> °-� one-taettth of'�=early preminra instaliments ior hazard insurance; plus one-tcvelith of yearly preinium in-
<br /> ; ; stxliments for n-�ortgage insurance,if an��,all as reasonably estimated izutiallg and from time to iun�bg
<br /> Lender on the basis a#a5sessments and bi31s and r�sonable estzmates thereof,Lender shail app13�t.he Funds
<br /> � tn nav said ta�ces,assessmerets,insuraztce psemium�and�mund rents Lender shall inake no chargc.for so
<br /> holdiag And applying t3ae Funds or verifying and compiling said as�ssments and i�ills. The i.ender 5�a1F
<br />��..; �^.��to t�c Bor.^��car,r.:thcut c:�:rge,c�.:.uzi.:l:.:2 sccc:zntir;of tke�'u:�ds shotisznti c :!•±s anc��e�i±=te the
<br /> � Funds and the purpose for which each de}ait to the Functs u�as made:The Funds are piedged as additional
<br /> secuti�y foz the sums s+ecured bg this 743artgage. The Borrower agrees that the F'unds may be hel� by the ,
<br /> Leiadez and coinaningled'with other funds�tnd ttse I�r;nder's nwn.funds and the Lende.r ma}•paY such items �;} �
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<br /> " from.its:nwn.funds and the Lencier shail not be liab3�.ftir interest or dividencis an such Funds. � �.'"
<br /> ,+'� If the amotant of the Funds:held by Z,eader;togetlier w�th the future monthly'installments of Fvnds ,�r`'"
<br /> z payable,paaor tQ,;the dcse.dat¢s af tages; assessmen£s, insurance prerniuuis aac3 ground rents, shaii exceerl �;; ,,
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<br /> �, t ttae am�unt z�eqxsired ta pay said:;axes,.assessm�ents,insurance premiums and ground rents as they:fall due, :fi .;
<br /> � such.exr.ess.sha31 be,at.B�orr+owea'S option,either gromptIy repaid to Bormwer or credited to Borrower an :��'.
<br /> monthlgr instai}sneuts:of'Funds.-If the amovnt::uf the�inds`held bti�I�eader shaii not be sufiicienE fo pay
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<br /> � ` t�aes, a�.�esemen3s, iassuzanttie premiums and graund.xents as they fa31 due, Sorrower sha11 �ay'to i,ender ,,"
<br /> �✓�...,�;� ':e�.tsa^•+;; u2�� :��a�- 3 � , ��;�+�.•.�sv aA.�a-ttPr n���rp frnrn I.ender t.>Sorr�wer
<br />�; requestin� �sayment tkereof, or 8arrau-er shat3,bti an increase in munth7v instalIiuents o#Funds requimd. �
<br /> repay the deficiency wittiin the F`und accnuntiaxg period.. �
<br /> L�pon gaymeak in fuil af all sums secured bv xhis Mortgage,Lender shalk appiy Funds held as a credit
<br /> �,F,r.i.�sst s1 se:ins due_
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