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<br /> INDIVIDUAL`
<br /> DUE ON $ALE
<br /> , OPTIONAL FUTURE ADVANCES
<br /> � �� SAVINGS FUND
<br /> : ��� FORn+ No.720 . . .. � ._ � �, � .. . �
<br /> Loan Number__334J.$__-_-TY.18$_ 81_��h
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<br /> 77• 0�43(�5 M O `R T G A G E ,:
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<br /> ' THI3 MORTGAGE,made and esecuted this ...:..�/�..�::_ day of .._.: ......�. ..:. _..._A.D., �' ,
<br /> i 19,.'7-7---,between the Mortgagor,�,e.nn�tkt__A....G�x'sies.._ansi.:l�axy...C_.._GQxd�s.>--husi�anki..aad:_wi£e�...._ i ,
<br /> � �ointly and each'in their own right� ��' "
<br /> , •- ••-- �---... ..... �------ -•--------•-
<br /> Z of .:_,_Grand:3sland .. County of _.... �all ._.,$tate of;._Nebraska----...,�ereinafter referred 'f "
<br /> � , --..., ......... .......-- � '
<br /> � to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF ,,
<br /> � LINGOLN, 1235 "N'' Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to
<br /> � as Lender. � ° � �
<br /> " � WiTxEsssTx: That the said Borrower for and in consideration of the surn of :.TWENTY;:�IY__xH2OQSAND '
<br /> ;, ONE HUNDRED:AND_NO/lOQ-------------.-------------------�ol:ars (US$---26„1Q.Q,.QQ----. .. •----�-�
<br /> ? ` paid by said Lender,does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br /> ; following deseribed property located in the County of .........Hail_.__..___________________� State of Nebraska: I
<br /> � The Southerly Ei�hty-eight (S 88') of Lots One (1) and Two (2), in Block
<br /> � Sixteen (16), Schimmer's Addition to the City of Grand Island, Ha11
<br /> p County, Nebraska.
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<br /> � TocETxEa with all the unprovements 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 atock, and alI 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 leasePzold estate in the event this
<br /> � Mortgage is on a lessehold) are herein referred to as the "Property". _:_ ______ _
<br /> � Bonower 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
<br /> j warrant and defend generally the title to the Property against all claims and demands, subject to any
<br /> a easements and reatrictions listed in a schedule of exceptions to coverage in any title insurance policy in-
<br /> � suring Lender's interest in the Property, ar (2) attorney's opuuon of title frorn abstract of title certified �- '
<br /> i by bonded abstracter.
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<br /> � PaovinEn ALWAYS� and these 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 Borroweragrees to pay to the Lender,or order, the principal sum of _.TFiENTY:_SIX:.THDIISA.ND.:_
<br /> � 0I3E:_HITNARED._l�iR:.130/1(1S?--cr.r..--c---c-----ccrr.--c-r..----.�ollars (US$--25y1QQ.DD---- :.------•-) ` ,
<br /> payable as provided in a note executed and delivered,concurrently herewith,the final payment of principal,
<br /> . ; if not sooner paid,on the..._1st..._. ---.-.-day °f-.---.--•--A'ugu--t-.:...------.-.--� 3t,�4-:2006 `
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<br /> UxiFoxM CovExeNxs. Borrower and Lender covenant and agree as follows:
<br /> 1. Payment of Principal cmd Interest. Borrower shall promptlg 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 bf and interest on any Future Advances secured by this Mortgage.
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<br /> t 2.Fuads#or Tmces and Insurmzce. Subject to Lender's option under paragraphs 4 and 5 hereof, Bor-
<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 Property, if any plus
<br /> one-twelfth of yearly premium instaiiments for hazard insurance, plua one-twelfth of yearly premium in-
<br /> ; stallments for mortgage insurence, if any,ail as reasor,ably 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 t�es,assessments,insurance premiums and ground rents. Lender sl�all make no charge for so
<br /> � holding'and anplying the Ftmde or verifying and compiling said 1�Gessment� and bilis. The Lender shall
<br /> give to the Bozrower,without charge,an annual accounting of the Funds showing cnedits 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 aums secured.by this Mortgage. The Borrower agrees that the Funds mag be held'b,y the ¢
<br /> J.ender.and commingled with other.funds and the I.ender's own funds and the I.ender may pay such items
<br /> From its own #unds and the Lender shali not be liable for interest or dividends on such Funds. ay�,
<br /> If the amount of the Funds held by I.ender,together with the future monthly installmen#s of Funds "
<br /> payabie prior to the due dates of taxes, assessments,'insurance premiums and ground rents, shall exceed �'' � '
<br /> th�arnount required to pay said taxes,assessments,insurance premiums and ground rents as they fall due, ��r,"
<br /> � , '- sueh excess shall be,-at Bor;ower's op�tion,either promptly repaid to$ormwer or credited to Borrower on ;� �
<br /> mo�t.�ily installments af Funds. If the`a;nount of the Funds held by Lender s�all not be sufficient to pay __ ;�
<br /> ; ' � tax�,;assessments,:insuraace ptemiums and�round rents as they fall due, Borrower shaIl pay to I.ender "
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<br /> '"` z any a�ount necessary�o make up the deficiency within thirty dayR after notice from Lender to Borrower ' "a
<br /> reqnes�g payment thereof, or$orrower shall„r by an inerease in monthly installments of Funds required, ,� ;:��k
<br /> repa�the de&eiency within the Fund accounting period.
<br /> Upon paymeat in fiull of�3I sums secured hy ttiis iVlortgage,Lender shall apply Funds held as a credit
<br /> - ' against ali suma due.
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