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<br /> DUE ON SALE �'
<br /> ��,�5"�' OPTIONAL FUTURE ADVANCES
<br /> ' , SAVINGS FUND �
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<br /> : .� �v����. �r � F4Rea NOJ20 . . .. . .� .� _ . . :. . �.: � ,
<br /> � �',�Q�N Loan Number___�4019__-188___-_ 1 __
<br /> ' � . � .. .. . . . . . . . �YPe Branc� �
<br /> ,77 Ot��2�8 M O R T G A_ G E ;:
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<br /> ; THIS MORTGAGE, made and executed this �C� day of /' A D.,
<br /> ; 19---77.,between the Mortgagor, ,Constance.,R---Scott,. a single..person_,��'_�'-_.---. '.----- .---
<br /> ,,, _ .... . ... .
<br /> , ...:.: , _.. _.. --�---• -•-- ........... ... ......................�----�--�---�---------•-----...: ...-•--.....
<br /> , ; ' of...�x.�nd__.I,S7.�n.d.--,_--.., County of ..Ha7.7..--. -----•.- -.,State of.Ne]ara.ska.... ., hereinafter ref�rred '
<br /> ; to as'the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> ± LINCQLN, 1235 "N" Street, Lincoln; Nebraska 6$501, its successors and assigns, hereinafter referred to
<br /> �' as Lender.
<br /> � WtxxEssETx That the said Bo rower for and in coneiderat-ion of the sum of....TS?ENTY NINE `
<br /> TIiOUSAND FOUR AUNDRED AND NO�100 -----------.----Dol:ars (US�....�9;400 00. . : _,_._.�
<br /> ....
<br /> � --•-�--� •............ ..... .......... .--•---... ----..............---- - --- .-
<br /> i paid by,said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br /> � following d�cri'aed property docated in the County of ......_Hall_______ ____________________� State of Nebraska:
<br /> �
<br /> { Lot Two (2), Block Twenty-one (21) in Schimmer's Addition to the City of
<br /> :j Grand Island, Ha11 County, Nebraska.
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<br /> �s TocETHEa 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 /> i 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 /> i Mortgage; and all of the foregoing, together with said property (or the leasehold estate in Che event this
<br /> � Mortgage is on a leasehold) are herein referred to as the "Property".
<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 Chat Borrower wiil
<br /> 1 warrant and defend generally the title to the Property agai.nst all claims and demands, subject to any
<br /> f .^^ts u�d restrictionslisted in a schedule of exceptions to coverage in any title insurance policy in-
<br /> ' suringyLender's interest in the Property, or (2) attorney's opinion of title from abstract of title certified
<br /> � ,�
<br /> 4 by bonded abstracter.
<br /> c PaovmEn ALwnYs, and these presents are executed and delivered upon the following conditions,agree-
<br /> � ments and obligations of the Borrower, to-wit:
<br /> '.:3 . � . . � .,
<br /> � The Borrower agrees to pay to the Lender,or order, the principal sum of _.:T�?�`??'�'..NINE._THOUSAND_
<br /> i FAUR.HUNDRED--AND--NOL7.QQr.--.-r.r.r..c-r.r.r..-.----.----.-.-----.-.--.�ollars (US $-..29,400_�Q----. .-• -----)
<br /> ' payable as provided in a note executed and delivered,concurrently herewith,the final payment of principal,
<br /> ; .
<br /> i if not sooner paidy on the_.lst----...---�----- day oF . --.....A�St---------------------�C..2Q06 �
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<br /> ! Uxiroaxvi CovENnxTs. Borrower and Lender covenant and agree as follows:
<br /> 1. Payment oE Priricip¢1 and Interest. Borrower shall promptly pay when due the principal of and in-
<br /> terest on the ir,debtedness 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�d lnsurrnice. Subject to Lender's option under paragraphs 4 and 5 hereof, Bor-
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<br /> rower 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 "Funds") equal to one-twelfth of the yearly taxes and
<br /> " assessments which may attain priority over this Mortgage, and ground rents on the Propert.y, 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 initiall,y and frorn tune to time by
<br /> Lender on the basis of assessments and bills and reasonable estimates thereof, Lender shall apply the Funds
<br /> to pay said taxes, assessments,insurance premiums and ground rents. Lender shall make no charge for so
<br /> holding and appl,yzng the Funds or verifving and compiling �aid assessments and Uills. The Lender shaIl
<br /> r, give to the Sormwer,without charge,an annual accounting of the Funds showing credi�s and debits to the
<br /> Funds and the purpose far which each debit to the Funds was made. The Funds are pledged as addiEional
<br /> security for the sums secured by this Mortgage. The Borrower agrees that the Funds ma,y be held by the
<br /> � Lender and comming�ed with other funds and the Lender's own funds and the Lender may pay such items
<br /> from ixs own funds and the Lender shall not be liable for interest or dividends on such Funds. r,;` � ' ';'�,
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<br /> If the aznount of the Funds held Uy I.ender,together with the future monthly instailments of Funds � +� �x
<br /> � payable p�ior to the due dates`of taxes,assessments: insurance premiums and gzound rents, shall exceed �k ,
<br /> ,the amount required to pay said taxes,assessments, insurance premiums and ground rents as they fall due, � '�F�
<br /> auch excess shall be,at Borrower's option, either promptly repaid to Borrower or credited to Borrower on `;,�k°
<br /> monthly installmenta of Funds: If the amount of the Funds held by Lender shali not be sufficient to pa,y
<br /> � taxes,;assesstnents, insurance premiums and ground rents as they fall due.Bormwer shall aay to Lender
<br /> any amount�ecessary to make up the deficiency within thirty days after notice from Lender to Bormc�er
<br /> rec�uesting payment thereof,or Borrower shall, by an increase in monthly installments of Funds required,
<br /> : repay the deficiency within the Fund accounting peziod. �
<br /> Upon'payment in full of all suxns secured by this Mortgage,Lender sl�ali apply Funds held as a credit
<br />� ,` agaitn�6 xll awns due.
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