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<br /> CORPORATION
<br /> �RS`T� DUE ON SALE
<br /> �w■ OPTIONAL, FUTURE ADVANCES
<br /> t u��� FORM No.J2T _'_ __
<br /> ' Loan Number__33Q53-------TYn----a188 �
<br /> r
<br /> 77_ UQ3845 M O R T G A G E
<br /> ; a�
<br /> � THIS MORTGAGE,made and executed this . .......�i ......_ day of �� A D.,
<br /> s 19.._Z.7...:, between the Mortgagor REGENCY_CONS'�RLTCT�QN.,...�NG.......::.. ... ... ..._. ... ..---..-. _-
<br /> ;; _................ >a corporation,
<br /> z ...---::.---.. .: . ....... ._...----...._.:.-� ----------� -�----...--�� -•----�------��---��
<br /> ...
<br /> ; organized and existing under and by virtue of the laws of the State of ...N�bx.aalta........................ herein-
<br /> a after referred to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN
<br /> ,' ASSQCIATION OF LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns,
<br /> ' hereinafter referred to as the Lender.
<br /> �
<br /> ,,
<br /> WiTNEsssTx: That the said Borrower for and in consideration of the sum of .... . . .... _......_
<br /> ;�: TH���,-$.�X.:THOUSAND..E�.G?�..#34�`I.DRF�1?..A�JI2..StS2�19Q-----r------�ollars (US,$..3�,S.QQ_D.Q ... ----) '
<br /> r_ .
<br /> .• ; paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br /> � following described property located in the County of _..__...Ha�.7....._.._............. State of NeUraska:
<br /> � Lot Twenty-six (26) B1ock Two (2), in Continental Gardens, Hall County, Nebras}sa.
<br /> t �
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<br /> " 's TocETxEx 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-
<br /> 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 leasehold estate in the event this
<br /> � Mortgage is on a leasehold) are herein referred to as the "Property".
<br /> a Bonrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right
<br /> � s to mortgage, grant and convey the Property, that the Property is unencumbered, and that BoTrower will
<br /> ; warrant and defend generally t.he 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 opiruon of title from abstract of title certified
<br /> , �� � � by bonded abstracter. � �
<br /> ' � PxovIDEn ALwnYs,and these presents are executed and delivered upon tlze following conditions,agree-
<br /> , { ments and obligations of the Borrower, to-w3t:
<br /> i The Borrower agrees to pay to the Lender,or order, the principal sum of __........ .......... ........... ......
<br /> ; THIETY-BIX.:Tii0U8AND..EIGHT.IiT.TIsTDRID._APII�..ISQ�10S�-.-=---_-------Dollars (US $.36�8f1Q�00......... .. .....) `
<br /> payable as provided in a note executed and delivered, concurrently herewith,the final payment of principai,
<br /> ir� � ^
<br /> � if not sooner paid, on the........l.s.t... ......... day of.. ..........March......__ ._--•--., 19-9fl_•
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<br /> UxisoxM Cov�xaxz5.Borrower and Lender covenant and agree as follows
<br /> 1. Payment of Princ'spal cmd Interest. Borrower shall promptly pay when due the principal of ctnd 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 Taxes and Insuzaace. Subject to Lender's option under paragraphs 4 and 5 hereof, Bor-
<br /> # ro:ver shall pay to Lender 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 "Fun3s") equal to one-twelfth of the yearly taaes and
<br /> assessments which may attain priority over this Mortgage, 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 /> ; stallments for mortgage insurance, if any, all as reasonably estimated initially and from time to time by
<br /> Le�nder on the basis of assessments and bills and reasonable estimates thereof,Lender shall appiy the Funds
<br /> ' to �ay�sazd tases, assessments,insu,ance premiums nnd ground rents. Lender shall make no charge for so
<br /> holding and applying the Funds or verifying and compiling said assessments and bills. Tl�e i.ender shall
<br /> give to the Borrower,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 /> security for the sums secured by this Mortgage. The $orrower agrees that the FundS may be held by the
<br /> i.ender and coxnmingled with other funds and the Lender's own funds and the Lender may pay such it.�ms �_� •,- „��
<br /> from its own funds and the Lender shall not be liable for interest or clividends on such Funds. - � '
<br /> � If the amount of the Funds held by Z.ender,together with the future monthiy instailments of Funds ��; ,
<br /> payable prior to the due dates of taees,assessments, insurance premiums and ground rents, shall exceed � },
<br /> ttxe amount,required to pay said tases,assessments,insurance premiums and ground rents as they fall due,
<br /> sueh excess sfiall be,at Borrower's optioa,either pmmptiy repaid to Borrower or credited to Borrower on '"�"
<br /> mvnthly insta7lment.s of Funds. If 2he amount of the Funds held by Lender shall not be sufficient to pay
<br /> `. ' taxes,'assessments,insurance pzemiums and ground rents as they fall due, Borrower shail pay to Lender �
<br /> any'amount necessary%to make up the deficiency within thirty days after notice from Lender to Borrower
<br /> requesting payment thereof, or Sorrower shall, by an increase in monthly installments of Funds required,
<br /> repay the deficiency within the Fund accounting period.
<br /> Upon payment in full of alt sums secured by this Mortgage,i,ender shall apply!�'unds held as a credit
<br /> against all sums due.
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