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<br /> ' IN�IVIDUAL
<br /> DUE ON SALE
<br /> ���'�' OPTIONAL FUTURE ADVANCES
<br /> SAVINGS FUND
<br /> . ...��N FORM NoJ20 �. ,� .. . � � � �. � .
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<br /> ,� Loan Nurriber__330.9fi-___-_1��- �a�4h e
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<br /> � 77- UC�3799 MORTGAGE
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<br /> THI3 MORTGAGE,made and executed this ...:: � .::_...... day of ....�.�`'..... ...,: A D, �
<br /> J Sedlacek�husband and wife,
<br /> ; 19 77.;;,between the Mortgagor,---St�anley..:S..Sed].a�Qk...��ia_:P���k�3'.._ ..---_-....._ .� R �
<br /> ` aointYy.-.and�-each izil:their;--n4m..r.i.ght, ;.. t "
<br /> •-- .._ . .. .. .... -•---.,..
<br /> ; of....Gzand..Isl:and.._...:.., County of_ ,:..Ha].]....:......: . .......State of.Nebraska,.------>hereinafter referred
<br /> ' to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> LINCOI.N, 1235 "N" Street, Lincoln, Nebraska 68501,its successors and assigns, hereinafter referred to t,
<br /> ; as Lender.
<br /> r
<br /> 5:�. . . . . � . . . . . . . . . ..� . . � � � ,.(
<br /> � Wi'rxsssETx: Thab the said Borrower far and in consideration of the sum of ......... ........... ...._;_ ` '
<br /> i TH�fi�-E3GFi3�•-T�E3[S��+FD:AbY�l•-N��1D0--Y...--� _.......,............._,:_...Dol:ars (US$3R,.000..�1Q._�:--- -.. .. .J
<br /> : ,{ paid by,said Lender, does herebg mortgage, grant and :;czvey to Lender, its successors and assigns; the
<br /> ;r following described property located in the County of..:..........Iia11.----.,--:-... ..-.,State of Nebraska: "
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<br /> Lot`I�ine' (9) in Ravenwood Subdivision, being a tract of land comprising`a part
<br /> , ; : of the South Half (S2) of the Southeast Quarter (SE,�—�) of Section 13, Township
<br /> ;� 11 Idorth? Range 9 West of the 6th P.M., in HalT Covnty, Nebraska. �
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<br /> � D.�. . . . .. . � � . . . � ... . . .
<br /> ' E. � . � . . . . . � . . . .. .
<br /> � TocETx3Es with all the improvements now or hereafter erected on the property, and all easements,
<br /> " � rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and
<br /> � water stock;`and all fixtures now or hereafter attached to the property, all of which, including replace- f
<br /> i ments and additions thereto, shall be deemed to be and remain a part of the property covered by this ,
<br /> � Mortgage; and all of the foregoing, together with said property (or the leaseholcl estate in the event this
<br /> i TVIortgage is on a leasehold) are herein referred to as the "Property".
<br /> ' > Borrower covenants that Bonower is lawfully seised of the estate hereby conveyed and has the right
<br /> � to mortgage,grant and convey the Property, that the Property is uneneumbered, and that $orrower will
<br /> warrant and defend generally the title to the Property against all claims and demands, subject to any
<br /> ' : easements andsestrictions listed in a schedule oi exceptions to coverage in any titie 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 /> ; PaovtnEn ALwnYs,and these presents are execute3 and delivered upon the following conditions,agree- !
<br /> ments and obligations of the Borrower, to-wit:
<br /> ' The Borrower agrees to pay to the Lender,or order, the principal sum of _......THSRTY-ESGHT:T�I4US9ND ,
<br /> � A�Il..N0�3A�...._,.n ....._�..;, ---s-.-,r.=---�-�r----------------------�ollars (US $-38-,OD0,04...---• •------�
<br /> , � payable'as provided in a note executed and delivered, concurrently herewith,the final payment of principal,
<br /> ` , if not sooner paid,on the......1st.:.........:... day of------.Tuly....-.--- .:..---,----.._.....�92AQ2
<br /> a
<br /> 5 U�Fo� CovExnxTs.Borrower and Lender covenant and agree as follows
<br /> i. Payment o1 Principal�d Interest Borrower shall promptly pay when due the principal of and in-
<br /> ' terest on the indebtednes�evidenced by the Note,prepayment and late charges as provided in the Nute,
<br /> and the principal of and interest on any Future Advances secured by this Mortgage.
<br /> � 2. Punds for Taxes and Insurance. Subject to Lender's option under paragraphs 4 and 5 hereof, Bor-
<br /> rower shall,pay,to Lender on the day monthiy installments of ptincipal and interest are payable under the
<br /> ; Note,untii the Note is paiu in full,a sum (herein "Funds") equal to one-twelfth of the yearly taxes and
<br /> ' asseasments which may attain priority over this Mortgage, and grqund rents on the Property, if any plus
<br /> c one-twelfth of yearly premium installments for hazard insurance, plus one-twelfth of yearly premium in-
<br /> j stallments for<mortgagainsurance,if any, all as reasonably estimated initially and from tune to time by
<br /> , , ; Lender on the basis of assessments and'bills and reasonable estimates thereof, Lender shall appty the Funds
<br /> � to pay eaid taxes,assessments,insurance premiums and ground rents. Lender ehall make no charge for so
<br /> a holding and applying the FundG or verifying and compiling sazd asaescments an<i bills. The Lender shall
<br /> give to.tlie Borrower,without charge,an annual accounting of the Funds showing credits and debits to the
<br /> Funds and t2ie purpose for which each debit to the Funds was>made. The Funds are pledged as'additional
<br /> security'for the:sums secured by this Mortgage. The BorroK�er'agrees that the Funds may be held by the
<br /> ; Lender and commingled with other#unds and the Lender's own funds and the Lender may pay sach items
<br /> f � from its own funds and the Lender shall not be liable for interest or dividends on such Funds. „ � ' ,��.
<br /> If the amount of the Funds held by Lender,together with the future monthly installments of Funds �? �
<br /> C A payable prior,to the due dates,o�tages, assessments, insurxnce pre:niums and ground rents, shall eaceed �s'�u
<br /> thQ amount.�equired ta pay said tages,assessmentss,insurance premiums and gz�ound rents as they fall due, w���
<br /> �� �uch escesa shall=;be,at$orrower's option, either pmmptiy repaid to$orrower or credited to Borrower on x���
<br /> monthly`ihstallments of Funds.'If t�e amount of the Funds laeldb,y Lerader shall not be sufficient to pay °"° '
<br /> taxes, assessmente, ins�rance premiums and ground rents as they fall due.Borrower shall pav�to Lender
<br /> any amount necgasary tp make.up the deficiency within thirty days after notice from Leader to Borrower
<br /> requssting payment thereof, ar$ormwer shall, by an increase in man�:hly instaltments of I�'unds required,
<br /> repaq the deficiency within the �und accounting period.`
<br /> Upon payment in full o£'all sums secured by this Mortgage,Lendershall apply Funds held as a credit
<br /> ' against alI sume due,
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