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<br /> �� „ INDIVIDUAL �
<br /> ��R� `b� DUE ON SALE
<br /> ' OPTIONAL FUTURE ADVANCES
<br /> � ���� SAVINGS FUND
<br /> < � : ■,-�Pw���/ FORM No..720 . . . . �
<br />� �1`R..VLI�II Loan Number__34043---_188_ -_s.leM1
<br /> ' � -s� !►ll��Y-i�
<br /> ii.. �,� MO RTGAGE �
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<br /> , THI$ MORTGAGE,made and executed this ,�a.Z day of _..��"`"`"`7,1 A D., �
<br /> ,: � ly � �� � betWeeri the�NlOrLgagQt, ....kidyuwiiu..�..,.k�?;.u..i.�y._axYy,�_tiYueucG� z...ivaui}y�?__nu�,v,draa nnd ..,.,_
<br />� '. � . .-.. . . . . . .: . �---..._ . � ,
<br /> Fzx£s, aaaaakl.Y..--.and..e.a�h---��.h�.� oy,m r�ght ...._._�----._ .. -�•------ ...-•----
<br /> of :. ,_Grand_,zsland._...:.., 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 /> as Lender.
<br /> W[zxEsseTx That tl�,� said Borrower for and in consideration of the sum of _..ETEVEN..THOLISADID._. �
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<br /> ; STh :iuc�iti.L eN'3 �:OJ s�0------- --... �ol:ar $ �l,,�vv vv....
<br /> . .....-� ---..... .... ..........�----...........--- ��-•--•----. . . .... ,
<br /> pai�3 hy said Lender, does hereb,y mortga�e erant and convey to Lender, its suceessors and asc�gn�; t.he �
<br /> ; following described property located in the Gounty of _......H+3.11......... .... ..._.,State o£ Nebraska:
<br /> Lot One (1) in Block Seventy {70), in Wheeler and Bennett's Second Addition
<br />� to the City of Grand Islad, Hall County, l'�braska.
<br /> f:
<br /> : TocETxEe with all the improvements now or hereafter erected on the property, and all easements, �
<br /> rrights, 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 /> Bormwer 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 Bonower will
<br /> warrant and deYend generally tiie title to the Property against all claims and dernands, subject to any
<br /> easements and restrictions listed in a scheclule 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 /> PxovinEn ALwnYs, and these presents sre executed and delivered upon the following conditions,agree- �
<br />� } ments and obligations of the Borro�aer, to-wic:
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<br /> ; The Borrower agrees to pay to the Lender,or order, the principal sum of .....�T.�E.Y.�bT...T73.Q1I&AIZI2_.�.7X.
<br /> � 100-- - 11 600 00
<br /> , .-•--.HITI3A�tt':I2_.A?IP._.�:IO�._....-------.---.---------_----------. -- .'.'�ollars (US$�-- --�'�--. ..'--�-•--._..._.----�-�
<br /> payable as provided in a note executed and delivered,wncurrently herewith,the final payment of principal, ;
<br /> ; if not sooner paid, on the.......£�Xs.t._-.._... day of........_Au�ust.._._........ ...-> pgc--2002 :
<br /> UrriaoaNt CovExax2s. Borrower and Lender covenant and agree as follows
<br /> ; 1. Payment of Principal and 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 principal of and interest on any Future Advances secured by this Mortgage.
<br /> 2. Funds for Taxes and Insurance. Subject to Lender's option under paragraphs 4 and 5 hereof,Bor-
<br /> 3 rower shall pay to Lender on the day monthly installments of principal and interest are payaUle 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 r4ortgage, and ground rents on the Property, if any plus
<br /> one-twelfth of yearly premium instaliments for hazard insurance, plus one-twelfth of yearly premium in-
<br /> :
<br /> stallments for mortgage insurance, if any, all as reasonably estimated initially and frora time to time by
<br /> " Lender on the c'. o -
<br /> k�a.as _f asse��,,,e„+�fl..a�,:np�„rl r��s�r��-��..�r;,,-..��,.��. c T.,..a�..��.,n .,i. ��.,. �.._a.. —
<br /> to pay said taxes, assessments,insurance premiums and�ground�r�nts. Lender shall make no charge for so
<br /> holdin, and apply�ng the Funds o: ��erify:ng and compiting said assessments and bills. The Lender 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 aecured by this Mortgage. The Borrower agrees that the Funds may be heid by the x
<br /> Lender and commingled with other funds and the Lender's own funds and the Lender may pay such items
<br /> from its own funds and the Lender shall not be liable for interest or dividends on such Funds. `�: ` n^,>
<br /> if the amount of th�Funds held by Lender,together with the future monthly installments of Funds '� r�
<br /> ry payable prior to the due dates of tases, assessments, insurance premiums and ground rents, shall exceed �� :� .
<br /> � the amount required ta pay said ta�ces,assessments,insurance premiums and ground rents as they fall due, `��;�
<br /> auch excess shall be, at$orrower's.option,either promptly repaid to Borrower or credited to Borrower on ;?;�:
<br /> monthly instailments'of Funde, If the amoqnt of the Funds held by Lender shall not be suft'icient tp pay
<br /> taxes,assessments, insurance premiums and ground ren�c as thev fatl due, linrmwer�hall pay tn Lender
<br />� any amount necessur_y'to make up the de&ciencv within thirty da,ys after notice fram Lender to Borrawer _
<br /> requesting payment thereof, or Borrower shall,�by an increase in monthiy installments of Funds required, �� '
<br /> repay the deficYency within the Fund accovnting period.
<br /> Upon payment iu full of ail sums secured bp this Mortga�e,Lender shall apply Funds held as a credit
<br /> ( against all sams due.
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