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<br /> � � INDIVIDUAL:
<br /> *�!16 QN SAl,.,�
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<br /> ' . r�v�Rr� �
<br /> ... ,� .W..'____' �.Fosen� No.920 .. .
<br /> ' L�NLULN Loan Number_3'45^0 — 18 1
<br /> y � . .. .. � . . . . __'_—_—Trae_ ._'_9ranch .
<br /> �� �.�� . . .. . .. .. � . . . .
<br /> ��'U042'78 M O R T G A G E
<br /> THIS MORTGAGE,made and executed this 28th da of July
<br /> ............__.... y ................... A D.,
<br /> � ' 19..7-7----,between the Mortgagor, ...McDERMOTT, YOST, AND SCHWARTZ:,.PARTNERSH2P_.------ ---------- s
<br /> , ......... .....•- � ---.....--�---�----�-----�---
<br /> ,� ' �----- •--------------------• ---•-•--••-----�----.._....----•----�--�------- -...------ ...--�-•---
<br /> �' of,:Grand Ssland:: y of _.. Hall .,State of Nebraska , „hereinafter zeferred
<br /> .., Count
<br /> ; �; to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGSAND LOAN ASSOCIATION OF
<br /> LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to
<br /> , "- as Lender.
<br /> � WiTxEssETx That the said Borrower for and in consideration o£�.the sum of � �'.,"',f...................
<br /> �' FOUR H[JNDRED FIFTY THOUSAND AND NOI100..---------,--...Do1'.$is.'��S� 45eQ�00�.�------.--..)
<br /> �' --•---�- --•-... ........ ... ..... -- - --
<br /> ...
<br /> �- paid by said Lender, does hereby mortgage, grant and convey to Len�er, 3 successors axid'}assigns; the� �
<br /> „ following described property located in the County of.............��-.1....:_,. ......_., St�te;of �Iebraska: � ry
<br /> � �
<br /> SEE ATTACHED EXHIBIT A � , ;
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<br /> TocExxEa 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, all of which, incl�ding replace-
<br /> ments and additions thereto, sha21 be deemed to be and remain a part of the property covered by this.3
<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 refened to as the "Property".
<br /> ° z� .
<br /> ' Borrower covenants that Borrower is lawfully seised of the estate hereby cunveyed ar�d ha� t::e ^;!�t __ _
<br /> i it to mortgage, grant and convey the Property, that the Property is unencumberad, and that Borrower will
<br /> warrant and defend generally the title to the Property against all claims and demands, subject to any
<br /> i :; 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.
<br /> i�f . . . . . � ..
<br /> PxovivEn ALwnYs, and these presents are executed and delivered upon the folluwing conditions,agree-
<br /> ments and obligations of the Borrower, to-wit:
<br /> The Borrower agrees to pay to the Lender, or order, the principal sum of ._.Four..�hp�sand,...QA.e..__
<br /> ; ; __..Huadxesl._7.tzanxy.-F�xe..an_d...NQ/.�.OQ..-r.-----r..-----------_.Dollars (US $--4.,.�.25.00......... .......)
<br /> payable as provided in a note ex uted and delivered,con urrently herewith,the 1 payment of principal,
<br /> if not sooner paid,on the.. .:. ...��rst_---.. day of.. ......_�ugust ..._ _.., 19.�..
<br /> UxiFoans CovExAnrrs. Borrower and Lender covenant and agree as follows:
<br /> 1. Payment of Principal�d 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 /> '� �. .
<br /> , . ..a at........;_,,; i ,.x,..,a:..�....,...� ,._ ..,..:.__�--,.-•_.__..n.�_.__�.«_._.v__.._�.i..---..L�_.
<br /> 2. Funds for Taxes and Insur�ce. Subject to Lender's option under paragraphs 4 and 5 hereof, Bor-
<br /> rower shall pay to Lender on the da,y 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 gro�nd rents on the Property, 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 initially and from time 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 malte no chargc for so
<br /> holding and applying t,he Funds or verifying ax�a compiling said as�essmeuts and bills. The Len3er�hall
<br /> give to the Borrower, without charge,an annuai 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 secured by this Mortgage. The Borrower agrees that the Funds may be held by the
<br /> Lender and commingled with other. funds and the Lender's own funds and the Lender may pay such items
<br /> � ftom its own funds and the Lender shall not be liable for interest or dividends on such Funds. '" "' " " `
<br /> If the amount of the Funds held by Lender, together with the future monthly instaliments of Funds �� � `�
<br /> � payable prior to the due dates of taxes,assessments, insurance premiums and ground rents, shall exceed ��
<br /> � the amount required to pay said taxes,assessments,msurance premiums and ground rents a,s they£ail due,
<br /> such escess shail be, at Borrower's option, either pmmptlg repaid to Borrower or credited to Borrower pn `,�.'`
<br /> „ monthly installments of Funds. If the amount of the Funds held b_v Lender shall not be sufI'icient to pay
<br /> taxes, assess�zeats, insurance premiums and ground rents as the5� fall due,Bormwer shail pay to Lender
<br /> ' any amount necea.qary to make up the c3eficiency within thirty days aftsr not.ice from Ixnder t� BorrnwPr �
<br /> , � , requesting payment thereof, or Borrower shall, by an increase in monthly installments of Funds required, �
<br /> repay the deficiency within the,sFund accounting period.
<br /> Upon payment in fUll f)f A�� cumc �t�recl hy t,}11F MATF.�A�P.�T.Pn(jPT C}ryFa��A�1��V FiIR(�"+�'1PIf� AR A CTP.(jlt,
<br /> against all sums due.
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