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<br /> IM1iDI�/IDUAL
<br /> DUE ON 5ALE
<br /> Fl�T OPTIONAL FUTURE ADYAfVGES I -
<br /> � F�/G� SAVINGS FUND ' .
<br /> � ; � FoRm No.720 � � � � . � � - � - ,
<br /> � u~C�.N �oan Number----33963_ -188 - - 1--
<br /> �. ' '� �� � 7Yoe� Branch
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<br /> � ��„ (3Q�9�� , ,.
<br /> ; MORTGAGE , ; ,:.
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<br /> ; ; PHIS MOFtTGAGE,made and executedth�s ..:.:.. 1�j..: : ....._ day of _._ .....�_ _....:_ ... A.D., ;
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<br /> 19.....77.;between the Mortgagor,Clie�t�x--A._.Aackfn.Xd:.au,d.,A].v�.zia..T�..::AQ.cl�fazsi,:_:hvsb_an�._and---_• .
<br /> ; ��:Fe,:'._�o.�.�t�-Y...��:.ea�h::i�..the�x._.o.ra.�,..x�hx.,----•- �.................................... ......•-- ---�-�•-- --......._.. :
<br /> � � ' of.....:.Grand,_Tsland..;_.., County of _:_.... ...._klaJ.l......_.._-..:.,State of.,:�?e.bzaslc.a.,:_..,hereinaftier referred � '
<br /> = to as the Borrower, and the Mortgagee, FIRST'�'EDERAL SAVING5 AND LOAN ASSOCIATION OF ,; ,. �"
<br /> � LINCOLN, 1235 "N" Street, Iancoln, Nebraska 68501, its successors and assigns, hereinafter referred to
<br /> ; . as Lender. �� ; ',
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<br /> S � WITNESSETH ThBt tf1C said Borrower for and in consideration o#the sum of �THIRTY�THOUSAND �� �.
<br /> � ; SIX HUNDRED AND NO/100 ------- ,.-.-----.--�ol:ars (US$_..30�600 00... ) r;
<br /> ; . �.....-- ••--�--• ........ ......... ...--�-� ------��-----.... .. .....
<br /> paid by said Lender, does hereby mortgage, grant and conve,y to Lender; its successors and assigns; the
<br /> � following described properby located in the County of_...___...Hall ..__._.� State of Nebraskai =
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<br /> �^ Lot Ei�ht (8), Block Twelve (12), in Joehnck's Adc3ition to the City of r- ' '
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<br /> i+ Grand Island, Hall County, Nebraska. ;';
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<br /> � TocETxEa 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, ail of which, including replace-
<br /> ments and additions thereto,shall be deemed to be and remain a part of the property couere� 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". a
<br /> � Borrower covenants that Borrower is lawfully seised of the estate hereby eonveyed and has the right `
<br /> : � to mortgage, grant and convey #he Property, that the Property is unencu.mbered, 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.
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<br /> { PaovinEn Ar.w.a,Ys, and these presents are executed and delivered upon the following conditions,agree-
<br /> � � ments anci obligations of the Borrower, to-wit:
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<br /> The Borrower agrees to pay to the Lender,or order, the principal sum of THI&TY..TIiQIISA14II:.SIX.:__..
<br /> ; HiIND8E12_.AI3D_.NO�:1:QQ----r-----r._---r.c--c----c--.---r.-.---c�lollars{US$-30.,.b.QQ..D.Q.......: .::..::.. ) '
<br /> payable as provided in a note executed and delivered,concurrently herewith,the final pay�nent of principal,
<br /> if not sooner paid,on the` --..._.....1St_ . day of . .....Au�??st.....:.. .... .........�gJ..2002
<br /> F Uxzr�oxM CovExaxTs. Borrower and Lender covenant and agree as follows
<br /> , i. Payment o!Principal �d Interest. Borrower shall promptly pay when due the principai 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.
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<br /> ;' 2. Punds for Taxes and Insurance. Subject to Lender's option under paragraphs 4 and 5 hereof, $or-
<br /> m` mwer`shall pay to Len�ier on the day rnonthly installments of principal and interest are payable under the
<br /> � Note,until the Note is paid in full,a sum (herein "Funds") equal to one-twelfth of the yearly taxes and
<br /> ,� assessments which may attain priority over this Mortgage, and ground rents on the Property, if any plus
<br /> one-twelfth of yearly premium installments for hazard insurance, plus one-twelfth of yearly premium i�-
<br /> stallrnents for mortgage insurance, if any, all as reasonably estimated initially and from time to time by
<br /> ; � Lender on the basis of a.ssessments and bills and reasonable estimates thereof,Lender shali apply the Funds
<br /> , to pay said taxes, assessments,insurance premiums and ground rents. Lender sl�all make no charge for so
<br /> holding and applying the Fi�nd� or verifyine and compiling saic3 sssessments anc3 bills. The Lender shall
<br /> gi�e to the Borrower, without charge, an annual accounting of the Funds showing credits and debits to the
<br /> k � Funds and the purpose for which each debit to the Funds was made. The Funds are pledged as additional
<br /> security for the sums secured-by this Mortgage. The Borrower agrees that the Funds may be held by the
<br /> ' � Lender and commingied with other funds and the Lender's own funds and the Lender may pay such items �,,^ . ,_b
<br /> from its awn funds and the i,ender shail not be liable£or interest or dividends on such Funds. a�,
<br /> � 'r r Y m.
<br /> � If the amount o#the Funds held by Leader,together with the future monthiy installments of Funds t^; � "�'�
<br /> t � payable przor to the due dates of taxes, assessments, insurance premiums and ground rents, shall exceed �K,
<br /> � the amount required to pay said'tases,asaessments, insu;ance premiums and ground rents as they faii due, `;"*^�}-
<br /> �'.z such excess shail,be, at Borrower's option,either promptly repaid to$orrower or credited to Borrower on ';,�'�
<br /> ro monthly inst�aliments of'Funds. If the amaunt of the Funds held by Lender shall not be sufficient to pay ' Y- ''
<br /> taxes,,assessments,insurance remiums and u �� .
<br /> ' p ground rents as they fail due, f�rrower shall p�y'to Lender ,.
<br /> � any amount necessary to make;up the deflcisncy within thirtY da,ys after notice from Lender tx�Borrower •
<br /> requesting payment t}iereof, or �3ortower,shall, by an increase in monthly installments of Funds required,
<br />� ti repay the deficiency within the �'und accounting,pe=iod.;
<br /> TTpon payment in fuIl af all sums secured by this Mortgage,Lender shall apply Funds heid as a credit
<br /> againsL ald putns due.
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