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<br /> � IIVDIVIDUAL
<br /> DUE ON SALE
<br /> �RS`i' OPTIONAL FUTURE ADVANCES
<br /> ��■ SAVINGS FUND
<br /> LINCOLN FORM No.�Zo
<br /> Loan Number___33905__-__188_-__1,__
<br /> � . . . TYPe �� BranCh
<br /> r
<br /> �7-�.)03991 M O R T G A G E
<br /> ! THIS MORTGAGE, made and executed this ........_.�.�.`~.............. day of _.....��.1:�... ._.........:. A.D.,
<br /> 19:_7.'1,,.,between the Mortgagor, .R.onalsl...�....ktoxxAw..aaad..�eggy_Mo.Xzosa.,...husb.and..a.zid._zaife�. �.nintly
<br /> ` and_,each__in_their__own,.right----.-------------------------------------------------------
<br /> -��--�--._.....–-----�-�.........................�•--•---.....----...--�----
<br /> ' op_:__ Grand Island_,.... County of ....:..Hall........... ....� State of.....Nebra�ka_ .,hereinafter referred `
<br /> to as the Sorrower, 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 /> as Lender.
<br /> ; -WtTxEss�Tx: That the said Borrower for and in consideration of the sum of�r?.?X._.QH�._.'�HQIIS.ADID ;,
<br /> .SIX HIJNDRED_AND_.NO/.100------------------------------Dol:ars (US$--2-1.:6QQ.:.QO.:....... ..,......)
<br /> .. ........ .....��- ----. .. _.......--•----....
<br /> paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br /> following described groperty located in the County of...._.... .Hall , State of Nebraska: '
<br /> Westerly 34 feet of Lot Eight (8) in Block Seven (7), Original Town now City
<br /> of Grand Island, Hall County, Nebraska.
<br /> i
<br /> TocETxsx with all the improvements now or hereafter erected on the property, and all easements,
<br /> rights, appurtenances, ren�s, royalties, mineral, oil and gas rights and profii;s, water, water rights, and
<br /> y 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 /> S 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 "Properiy".
<br /> Bormwer covenant_s that Borrower is lawfully seised of the estate hereby conveyed and I�as the right
<br /> i to mortgage, grant and convey the Property, that the Property is unencurnbered, and that Borrower will
<br /> warrant and defend generally the title to the Property against all claims and demands, subject to any
<br /> easements anc� 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 /> PaovcnEn ALwnYs, and these presents are executed and delivered upon the following conditions,agree-
<br /> menks ancl obligations of the FSorrower, to-wit:
<br /> The Borrower agrees to pay to the Lender,or order, the principal sum of _?'�?!ENTY._Qiq�_THQAS.ANA...._
<br /> ! ..S�.X_IiIIND�D. AND.NO/100------------------------------ ( $....�_�_,.6QQ 09........ ....)
<br /> -�-----...---�........ . ............ ...� -...Dollars US
<br /> payable as provided in a note executed and delivered,concurrently herewith,the final payment of principal,
<br /> if not sooner paid, or_ the..._.__.J,S.t....___.,,. day of_.._..A?�ust___. __..__,..._ p�20Q�
<br /> UxirosM CovErrpxTs. Borrower and Lender covenant and agree as folloa•s:
<br /> 1. Payment of Principal and Interest. Borrower shull promptly pay when due the principai of and in-
<br /> terest on the indebtedness evidenced by the Note, prepayment and late charge� as provided in the Note,
<br /> and tfie principal of and interest on any Future Advances secured by this Mortgage.
<br /> 2. Funds for Taxes and Insur�ce. Subject to Lender's option under paragrapl�s 4 and 5 hereof, Box-
<br /> rower shall pay to Lender on the day rnonthly installments of principal and interest are pay�ble under the
<br /> Note, unti] the Note is paid in full,a sum (herein "Funds") equal t.o one-twelfth of the yearly taxes and
<br /> assessments which may attain priority over t,his Mort;gage, and ground rents on the Property, if any plus
<br /> one-twelfth of yearly premium installments for hazard insurance, plus one-tcvelfth of yearly premium in- �
<br /> stallments for mortgage insurance, if anv, all as reasonably estimated initially and from time to time by ',��;,
<br /> Lender on the basis of assessments and bills and reasonable estunates thereof,Lender shall apply the Funds
<br /> to pay said taxes,assessrnents, insurance premiums and ground rents. Lender shall malce no charge for so
<br /> holding and anplying the Fund4 or verifying snd compiling sai3 assessinenta and Uill�. Tlie I.ender shall
<br /> give to the$orrower, 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 w2s made. The Funds are piedged as additional
<br /> security for the sums secured by this Mortgage. The Borrower agrees that the Funds rnay �e held by the �` "`
<br /> Lender and commingled with other funds and the Lender's own funds and the Lender rnay pay such items .�„ � . .
<br /> frotn its own fucids and the Lender shall not be liable for interest or dividends on such Funds. � ,,,, �„,
<br /> If the amaunt of the Funds held by Lender,together with the future monthly installments of Funds . �' � ;�
<br /> payable prior to the due dates of tases, assessrnents, insurance preu.iums and ground ren�s, shall exceed
<br /> the amount required to pay said ta�ces, assessments, insurance remiums and �, Y +�t'
<br /> p ground rents as they fall due, ,� .
<br /> such excess shall be,at Borrower's option, either pmmptly repaid to Borrower or crediied to Borrower on
<br /> monthly insY,allments of Funds. If the amount of the Funds held by Lender shall not be sufficient to pay
<br /> t�es, assessments, insurance premiums and ground tents as they fall due, Bormwer sha12 pay to Leader
<br />�, ; any amount necessary to make up the deficiencY within thirty days after notSce from .i..ender ta Aorrawer
<br /> reyuesting payment thereof, or Borrower shall, by an increase in monthly installments of Funds required,
<br /> repay the deficiency within the Fund accounting period.
<br /> Upon payment in full pf all sums secured by this Mort�a�e, Lender sha31 apply Fiinds helrl as a rrP�lit
<br /> agaiust rill�ums due.
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