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<br /> INDlVIDUAL
<br /> DUE'ON SALE
<br /> �R� OPTIONAL FUTURE ADYANCES'
<br /> SAVItaGS FUND
<br /> �L� FORM No.720 . . .�.� .. .�. �. .� . . . , . . .
<br /> t'���N Loan Number_____33826- 188 _- 1___ ;,
<br /> � �� . . . . � . —_ T-Troe �'Branch'. . y ,
<br /> f 7� (103L�i�i(� MORTGAGE
<br /> , � THIS MORTGAGE,made and executed this ._... l:_...._ ._... day of .:.._.. ..: ...... A.D.,
<br /> �--- `
<br /> 19..��____,betv✓een the'Mortgagor, ..SCenL..E...:Yager._and..Debnrah:.A....Yagex,.. usb d..and wife .. �:
<br /> � ....�p3att13r;:�nd...eack_..in::Lhei.r..nbm:-r3-�'t+•--•--�------...._......-�---�--------�----•----•----•-•-•- �-----••......:.......:.�---....:: e,- ,, ' .
<br /> i of ..,:_..Cxatld..Zfllan.d..::..,County of . ::....--Iiall----._...__.,State of...Diahraska_.._.,hereinafter referced '
<br /> � to as the Bormwer, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF '
<br /> ' LINCOLN, 1235 "N" Street, Lincoin, Nebraska 68501, its successors and assigns, hereinafter referred to �'�
<br /> � as-Lender. p
<br /> WtTxEsseTx That the srtid Borrower for and in consideration of the sum of .TiiIRTY.,�.� �FiQTJ�AND >
<br /> � ANB NO 100 ---------------- ---......:�ol:ars (US$-. 36,000.99. ...----�--�� }
<br /> r ..�.---• �------- -'-�•-- --....:._ .................-�--......... .. �!
<br /> , paid,by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br /> s
<br /> following described property located in the County of._.....Hall: ,.....,...__.,,..,..__,State of Nebraska:
<br /> � ;'.
<br /> � Lot Three (3), Western Heights Third Subdivision, Hall County, Nebra�ca. F.:,.
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<br /> �' TocETxEa with atl the improvements now or hereafter erected on the property, and all easements,
<br /> rights, appurtenances, rents, royalties, mineral, oil and gas rights and pmfits, water, water rights, and r
<br /> water stock, and all fixtures now or hereafter attached to the property, all of which, including replace- 1
<br /> ments and additions thereto, shall be deemed to be and remain a part of the pmperty covered by this �
<br /> Mortgage; and ali of the foregoing, together with said property (or the leasehold estate in the event this
<br /> Mortgage is on a leasehold) are herein referred to as the "Propertq".
<br /> a�' Bormwer covenants that Borrower is lawfully seised ot the estate hereby conveyed and has the right �
<br /> to mortgage, grant and convey the Property, that the Property is unencumbered, and that Borrower will
<br /> �' - warrant and defend generally the title to the Property against all claims and demands, subject to any
<br /> easements and restrictions listed in a schedule of exceptions to coverage in any title insurance policy in- '.'
<br /> � suring Lender's interest in the Property, or (2) attorney's opinion of title from abstract of title certified
<br /> by bonded abstracter.
<br /> ? PaovinEn ALwnvs, and these presents are egecuted and delivered upon the following conditions,agree-
<br /> '' ments and obligations of the Borrower, to-wit:
<br /> �
<br /> '� The Borrower agrees to pay to the Lender,or order, the principal sum of ...xH�TX..S.I.X..T1iQLiSAI9Ia_..
<br /> } -ANIl__NSLI.ZQA---c-----r---r.----r..--------c-----rr..--cr---rpollars (US $-35_.9.OQ...O_Q------------------•--)
<br /> � payable as provided in a note executed and delivered,concurrently herew-ith,the finaI payment of principal,
<br /> �: if not sooner paid; on the:..._ls.t__.. ..._....._ day of -.---_Ju1y_..._........... . ...... P�.2006
<br /> x , UiviroaM CovExnxTs. Borrower and Lender covenant and agree as follows:
<br /> L Payment of Principal and Interes� Borrower shall promptly pay when due the principal of and in-
<br /> terest on the indebtedness evidenced by the Note,prepayment and late charges as provided in the Note,
<br /> and the`principal of and interest on any Future Advances secured by this Mortgage.
<br /> 2. Funds for Twces and Insur�ce. Subject to Lender's option under paragraphs 4 and 5 hereof, Bor-
<br /> � rower shali pay to I.ender on the day monthly installments of principal and interest are payable under the
<br /> Note; until the Note is paid in full,a sum (herein "Funds") equa] to one•twelith of the yearly taxes and
<br /> assessments which may attain prioriiy over this MorEgage, and ground rents on the Property, if any plus
<br /> one-twelfth of yearly premium installments for hazard insurance, plus one-twelfth of yearly premium in-
<br /> t sta3lments for mortgage insurance,if any, all as reasonably estimated initiall,y and from time to time by
<br /> Lender on the basis of assessments and bills and reasonable estirnates thereof,Lender shall appiy tMe Funds
<br /> to pay said taxes, assessments, insurance premiums and ground rents. Lender shall matce no charge for so
<br /> hoiding and applying the Funds or vzrifyuig and cuanpiling sain assesenients and bills. The Lender shall
<br /> give to the'Sorrower,without charge,an annual accounting of the Funds showing credits and debits to the
<br /> � , Funds and the purpose for which each debit to the Funds was made. The Funds are pledged as additional
<br /> secunty for the sums secured by this Mortgage. 'The Borrower agrees t.hat the Funds may be held by the �
<br /> ,' ' Lender and commingled with other funds and the Lender's own funds and the Lender may pay such itemE �, m..
<br /> from its own fnnds and the Lender shall not be liable for interest or dividends on such Funds. *�
<br /> F ;�-�> ��
<br /> If the amaunt of the Funds held by'Lender,together with the future monthly instailments of Funds +" � � ,
<br /> payable prior to the due dates of taxes,assessments, insurance nremiums and around rents, shali exceed �,
<br /> � th�amount required to pay said taues;`assessments,insarance premiums and gmund rents as they fall due, s'���'
<br /> � s, such Pxcess siiall be,at Borrower's option,either prornptiy repaid to Borrower or credited to Borrower on "'�"
<br /> monthly inst:sllments o#Fi�nds. If the amount of ths Funds held by Lender shall not be suff}cient to pay �
<br /> tazes, a�.sessrnentr, insuranCe gremiixms and ground rents as the3�fa,23 dzse, Borrovs er shail gay to Lendcr
<br /> ' any amount necessary to make u}�s the deficsency witi�in thirty c1Ays after notire from Lender to Bermwer � ` ,�, '
<br /> ` requesting payment thereof, or Borrower shall, by aa increase in monthly instxllments of Funds required,
<br /> i repay the deficiency within the Fund �c�vunting period.
<br /> Upon payment in,full of all svms secured by thic Morhgage,IRflfIPT F}IA�I A�jl�y FUt1�F hPl�l as a crPriit
<br /> against all sums due. �
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