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<br /> , IfVDIViDUAL`
<br /> DUE ON SA�E
<br /> �b �R�"� OPTIONAL FUTURE ADVANCES
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<br /> ��A■' SAVWGS FUND
<br /> ' I ca/�RhL FORM No.720
<br /> �'�NC��"N Loan Number___33922 _- _188— _1
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<br /> �� �M Q ��R T `G A' G E t ��, � � � �
<br /> i: THIS MORTGAGE, made and execute�this ...--- '.'.`�l".:-. ......:`day of ._ ....--�.:..... .....:A.D., ,'
<br /> a 19__�'�_.,between the Mortgagor,__RnhQ.rt...7_....Chohon..and:Kathy_.R....Chahoa,..hvsband_and..wife '
<br /> ,...
<br /> , � _3Q�t7.y..�,nd._Q�acY►:.�.m.xhe�.x..osan..r3.gnt, -------.
<br /> . .....--- --••- --- �------- -------,_..;_..
<br /> ' ? of._.:�..Gr.and.,�abamsi--•--., County of -_•----.Hs-�7.1....: ....:.... State of ..._1Qehraska._...,hereinafter referred � ,
<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 a.ssigns, hereinafter referred to
<br /> ias Lender.
<br /> ,� WiTxEssETx: That t�}e s id $orrower for and in consideration of the surn of ._THIRTY THOUSAND
<br /> .._.
<br /> c EIGAT HUNDRED AND NO/10� ----------------------Dol.ars (US$.�0 80 ��
<br /> •--•--• :-�--- .:..:... .::....-.•-------� '-- 0 00
<br /> _---._ .... ..-• �----:............ • ----- ..,....._.
<br /> paid by said`Lender,does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br /> ;' following described;property located in the County of .........Hal.l .. , _„ State of Nebraska:
<br /> , �-------�-•
<br /> i
<br /> Lot Eight (8) Virden Subdivision in the City of Grand Is�and, Ha11 County,
<br /> Nebraska.
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<br /> TocETxEa with all the improvements now or herea£ter erected on the property, and ali easements,
<br /> rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water; water rights, and
<br /> water stock, and aIL fixtures now or hereafter attached to the property, ali 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 /> � Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right
<br /> � - to mortgag�, grant and convey the Property, that the Property is unencumbered, and that Borrower will
<br /> ; warrant and defend generally the title to the Property against all claims and demands, subject to any
<br /> � 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 oninion of titlP frnm ah�±,.o�+ ..r �:�� ,•a_a- '
<br /> > oy bonded abstracter. V�
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<br /> F;Bovinsn ALwnYs, and these presents are executed and delivered upon the following conditions,agree-
<br /> ` mentg and obligations of the Borrower, to-wit:
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<br /> � The Borrower agrees to pay to the Lender, or order,the principal sum of THIBTY_.THDIISAAAI..EIG}i'�:
<br /> 'y �--.HLINDHEn__ADtI2._I4D�-1Q0 -. --------------------------:Dollars (US $-`.3D_,.8QO..IIQ-_: .------.-� .
<br /> --"-------------�--�----------------....--�---.._..... .. ....
<br /> = payable as provided in'a"note executed and delivered,concurrently herewith,the final payment of principal,
<br /> ` if not sooner paid,on the'•-__;.:._,7.5�_._.:.._.. day of--_--.-.August............. ......:..xpg 200� �
<br /> " UxtsoaM CovExnxTs. Borrower and Lender covenant and agree as followsc
<br /> a��
<br /> ;: L 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 /> i and the principal of and interest on an,y Future Advances secured by this Mortgage. j`
<br /> E 2. Funds for Taxes and Insurmice. 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 payabie under the
<br /> � ; Note;nntil 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 /> a , one-twelfth of yearly'premiurn installments for hazard insurance, plus one-tcveifth of yearly premium in-
<br /> � stallments for mortgage insurance, if any, all as reasonably estimated initially and from time to time by
<br /> � I.ender on the basis of assessments and bilis and reasonable estimates thereof,,Lender shall app1Y the Funds
<br /> , to pay said taxes, asseFsments,insurance premiums and ground rents. Lender shall make no charge for so
<br /> holding and appl3�ing the Funds or verifying and compilin��id asseysnients and bills. The I.ender shail
<br /> � give to the Borrower,without charge,an annual accounting,of the Funds sho«ring credi�s and debits to the
<br /> y, 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 commingied with other funds and the Lender's ocvn funds and the Lender may pay such items .;.. .-.
<br /> � from its own funds aud the Lender shall not be liable for interest or dividends on such Funds. -�.. t, "`�
<br /> . ... . . . : ai
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<br /> If the amount of the Funds held by Lender,together with the future monthly installments of Funds �." ���
<br /> payable prior tn the due dates'of taxes; assessments, insurance premiums and ground rents, shall exceed �"�
<br /> �r. the amount required to:pay said taxes,assessments,insurance premiums and ground rents as they fall due,
<br /> '� such excess shall be, at Borrower's option,eitlzer pmmptly repaid to Borrower or credited to Borrower on �"'�
<br /> - � � monthiy installments.pf Funds; If the amount of the Eunds held by Lender shall not be suffiGient to pay s �',�: ;
<br /> taxes, assessmients, insurance premiums-and ground reiz�as they tall �'ue,BorroR•er shai2 pay Go Lender `
<br /> any ampvnt necessary to rnt�ke up the-deficienay within thirty dayc After notice fmm Lender to �orror��er ",�,
<br /> requesking,payment thereof, ar Borrower shall,'by an'increase in monthly instaliments of Funds required,
<br /> repay the deficiency within the'k'und accounting period.
<br /> Upon payment in full of a11 sums secured bv this Mortgage; i,Pn�ler Rhall Apr�ly Funds helc�as a credit
<br /> � against all sums due.
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