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<br /> IIVDIVIDUAL
<br /> DUE ON SALE
<br /> ���_� OPT(ONAL FUTIJRE ADVANCES
<br /> SAVWGS FUND
<br /> G7�r�.RP'� FORM NO.7'LO
<br /> UNCQLN Loan Number_3389$-_- -TY1$8._ � e�a��h
<br /> � . _ ---�----
<br /> , ,� , 7�-: f��3�''16 ; M O R T G A G E .
<br /> � THI$ MORTGAGE, made and executed this �.r?��' •day of ��L A D.,
<br /> � � 19.77.::.,}�etwaen the Mortga or, �.chard J . Homan and Johanna Homan, husb�nd and wife� ';;__ '`
<br /> < :jointty and each in,t�eir own right, --------------------------
<br /> 4 .. ,.. ... ---�-- �_..---����.. �- � �`�............................... _...._ . ...._.. ... ...,.---- � .
<br /> c ' of_Gr�nd..,�s1:�nd. „.,. .,'County of ...._.....Hall' _..:... .,State of..Nebraska- ..,hereinafter referred
<br /> ; to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> � LINCOLN, 1235 "N"Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to
<br /> r � as Lender.
<br /> ? WizxEssExx That the said Borrower for and in consideration of the sum of_..TH=RTY.._THOUSAND--
<br /> # t�N73.N0/100.... -----------------.----.DoL'ars (US�...34,AQO.D.Q..:. .. .
<br /> .....--- -�-�- --- - •.......................�-----------•----.. . -----�
<br /> " gaid by said Lender,does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br /> ' S; following described property located in the County of ........ .....Hs.l.l....._..__....._..., State of Nebraska:
<br /> The Easterly Seventy Feet (E 7Q') of I,ots Two (2) in Block Twelve (12),
<br /> s in Parkhill Third Subdivision, an Addition to the City of Grand Island,
<br /> Ha11 County, Nebraska.
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<br /> � TocE�rxEx with all the improvements now or hereafter erected on the property, and all easements,
<br /> t, 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 repiace-
<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".
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<br /> •, Borrower covenants that Borrower is lawfully seised of 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
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<br /> warrant and defend generally the title to the Property against ail claims and demands, subject to any
<br /> easements and restrictions listed in a schedule oi 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 /> °� PxovinEn ALwaYs, and ihese presents are executed and delivered upon the following conditions,agree-
<br /> ; � ments and 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 ..�IxTY...THOLiSAND..ANU.._
<br /> ...PTlJI].QQ --- ------------------------------------DoHsrs--�US�--.39.,.OQQ.QQ__.. __.:._.)
<br /> , � ....------••- -------...._----------------•----�---- -�---------.....-.• -
<br /> payable as provided in a note executed and delivered,concurrently here�vith,the final pAyment of principal,
<br /> � if not sooner paid, on the ---.._. ...�5�------...day of..----..�:u7.y. ........... ..._.. ..---.��-20D2
<br /> '� UxiFoaM CovExnx•rs. Barxower and Lender covenant and agree as follows -
<br /> q. 1. PaymenL of Priacipal mid Interest. 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 principai of and interest on any Future Advances secured by this Mortgage.
<br /> "; 2. Funds for Tanes and Insurance. Sub,ject to Lender's option under paragraphs 4 and 5 hereof, Bor-
<br /> mwer shall pay to Lender on the day monthly instailments of principal and interest are payable under the
<br /> Note,until the Note is paid in full,a cum (herein"Funds") equal to one-twelfth of the yearly taxes and
<br /> assessments which may attain priority over this MorEgage, and gmund rents on the Property, if any plus
<br /> one-twelfth of yearly premium installments #or 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 /> Lenderon the basis of asseasments and bills and reasonable estimates thereof,Lender shall apply the Funds
<br /> to pay said taxes, assessments,insurance prerniums and ground cents. Lender shail make r,o charge for so
<br /> hotding and a�plying the Funds or verifying' and compiling said assessmertts and Uills. T}ie I,ender shall
<br /> give to the Borrower,withou£charge,an annaal accounting of the Funds showing credits and debits to the
<br /> Funds and the purpose for::�hich each debit to the Funds was made. The Funds are pledged as additional
<br /> ' security for the,sums secured by this Mortgage. The Borrocc�er agrees that the Funds may be heid by the
<br /> ? Lender and commingled with other funds and the I.er�der's own funds and the Lender may pay such items � . -. � ,
<br /> from its own funds and the Lender shall not be liable for irsterest or divi8ends on such Funds. �:-�- f ,��
<br /> � If the amount of the Funds held by Lender,together with the future rnonthly instaliments of Funds E � �'�
<br /> � payable prior to;the due dates of taxea,assessments, insurance premiums and ground rents, shall ex�eed
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<br /> the�mount required to pay said tases,assessments,iasurance gremiums and ground rents as they fall aue, � �r^�
<br /> ' - such excess shall be at Borrower's o tion,either raui tl z� aid to Borrower or credited to Borrower on
<br /> monthly`ins#allments of Funds. If the amount of the Funds held by Lender shall not be sufficient to pay ,��'
<br /> taxes, assessments, izisuraace premiums and ground rents as they fa11 due, Borrower shaII pay to Lender `
<br /> any amount nece�sary t� make up the deficiency wzthin thirty days after r_otice from Lendez to Borro�i�er � '
<br /> requesting payment thereof, or Borrower shail, by an increase in monthly installments of Funds required,
<br /> repay the deficieney within the Fund accounting period.
<br /> �Jpon pa,yment in 4u11 of all-•sumc r.ernred by thi�Mortgage,Lender shali apply Funds held as a credit
<br /> against all sums due.
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