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<br /> INDIVIDUAI_
<br /> DIJE ON SALE
<br /> ����J`��`�� OPTIONAL FUTURE ADVANCES
<br /> F���■ � SAVINGS FUND
<br /> f `IIRrV�.N �ORM N0.7'LO . � �. . � � _' � .
<br /> � Loan Number__�+015--- -188-----g.l�h
<br /> � 77- Ud4v44 MO RTGAGE ,
<br /> �
<br /> ; THIS MORTGAGE, made and executed th�s ...3Q:.._.....: . day of ..�5>.1.y............._ - A D., �
<br /> s 19_�� ,between the`Mortgagor,...:Dale E,_.,Foland.,and._Pame,la..K, Foland,�_husfiand.and wife,_.
<br /> , jointly 'and each in their own right, -
<br /> , ----•--- - ----... ..---•--
<br /> - ---•�-----..
<br /> ; of----,-�r�d;.Is,Zand.......,County of ...... . .�11......:. .:.....State of.. ..Nebraska._.,hereinafter referred
<br /> to as the Barrower; and the Mortgagee, FIRST FEDERAL SAVINCS AND LOAN ASSOCIA3'ION OF
<br /> LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to
<br /> �
<br /> as Lender.
<br /> ; WiTxEssEzx That the said Borrower for and in consideration of the sum of...THIHTY..THREE..THOUSEINB
<br /> " THItEE HUNDRED.AND_NO/100 --.--...,.-------------------- � 33 300.00
<br /> , . ..._..- �--�---.-._...
<br /> ....-�- -�-----Dol.ars (US $ .....z-- --�•------�
<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 Coanty of .........?�11. .... .............. State of Nebraska:
<br /> " I,ot Three (3) Island Acres Number 11, in the City of Grand Island, Hall County,
<br /> Nebraska, comprising all of Lot One (1), Island Acres Number 6, a replat of' Lots
<br /> � Idineteen (19) and Twenty (20), Island Acres, City of Grand Island, I�ll County,
<br /> � Nebraska.
<br /> ,J
<br /> ' TocETxFx with all the improvements now or hereafter erected on the property, and ali easements,
<br /> ' ri hts, a
<br /> g ppurtenances, 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 /> Y ments and additions thereto, shall be deemed to be and remain a part of the property covered by this
<br /> f ` Mort a e; and all of the fore oin to ether with said ro ert
<br /> g g g g, g p p y (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 /> kto mortgage, grant and convey the Property, that the Property is unencumbered, and that Bormwer 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 Zender's interest in the Property,or (2) attorney's opinion of title from abstract of title certified
<br /> by'bonded abstracter.
<br /> PxovinEn ALWAYS, and these preGents are executed and delivered upon the following conditions,agree-
<br /> ments and obligations of the Borrower, to-wit:
<br /> , The Borrower agrees to ay to the Lender,or order, the principal sum of _.�II�Y_xI�E. TIIQi1SALQD
<br /> � ..__�,Fi��:HU�`IDRED,-�TD--N0�100-_-----.----_-----.------_-----..Dollars (US $332300.00.........:...... ...)
<br /> ', payable as provided in a note executed and delivered,concurrently herecvith,the final payment of principal, ,
<br /> ' if not sooner paid, on the.-------lst__......._.. day of -----.---August...................... ��cx...2006
<br /> e
<br /> S UNiFoaM CovExnxTs. 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 inde�tedness evidenced by the Note,prepayment and late charges as provided in the Note,
<br /> and the prineipal of and interest on any Future Advances secured by this 1�lortgage.
<br /> 2. Funds foz Tcnces and Tnsurance. 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 /> f , one-twelfth of yearly premiurn 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 shail apply the Funds
<br /> to pay said taxes, assesaments,insurance premiums and ground rents. Lender shall make no charge for so
<br /> " holrling and applying the Funds or cerifying and coinpiling said asswsments and bi115. The Lender shatt
<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 /> aecurity for the sums secured by this Mortgage. The Bormwer agrees thAt the Funds may he he.ld by the
<br /> I.ender and commingled with other funds and the Lender's own funds and the Lender may paY such items
<br /> � fram its own funds and the Lender shall not be liable for interest or dividends on such Funds. � � �
<br /> .,'� ` '
<br /> If the amount of the Funda held by Lender together with the future monthly installments of Funds �; �
<br /> payable priar to the due dates of taxes, assessments: insurance premiums and grvund rents, shall exceed - ? .
<br /> t;he amount ro uired to a sa.id tages,assessments;insurance �#'
<br /> �{ ', q P Y premiums and ground rents as they fall due, ,,�c.;�
<br /> such escess-shall-be, at Borrower's option, either pmmptly repaid to Borrower or credited to Borrower on •�%--
<br /> monthly installments of Funds. If the amount of the Funds held by I,ender shall not be sufficient,to pay
<br /> tax�c, as.se�sment�, insuranee �remitxms and�tand re:zts as t�ey fali dcae,Borzczwer shai: pay te Len�er °
<br />,�- ,' . ' ttny amount necessary to make up the defiuencv within t,hirt.y days aftsr notice from T.ender tn F3ormwer �
<br /> requesting payment thereof, or Sorrower shall,by an increase in monthly installments of Funds required, �"" '
<br /> repay the deficiency within the Fund accounting period.
<br /> , Upon payment in full of all sumR secured by thic MorY.gage, I,ender�hall appty Fund�held as a credit
<br /> �; against all sums due.
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