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<br /> IIVDIVIDUAL
<br /> DUE ON SALE
<br /> ��'�"A� OPTIONs0.L FUTURE ADVANCES
<br /> ; SAVINGS FUND
<br /> ; VCRh FORM No�.720 �. � � �� �� �� '.
<br /> L���-N Loan Number---- 34002— 188 -- 1
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<br /> . .. : �� . .� . . —__'fYoe e.anch � i,..
<br /> r 77- ��(�4345
<br /> NIQRTGAGE ; .
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<br /> i �2'-��-'a` A D.,
<br /> THIS MORTGAGE, made and executed-this .._.... �.._........ day of ... ; ; �.
<br /> � ? 19...:77._,between the Mortgagor, M��visi..K-•---�,ixslaner.>.:�...a�.ngl.e..P�.r.son�... ........ ....... ....... ••---
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<br /> i: � � � .. ...:--:: . . . . . , �� �
<br /> � ,... .. ....-------'--'---'----�-'�------'-'�----'---------�-�'--'---............."--'--'-^-----'--...._. ......--'--�--
<br /> ' of':..Grand;,Island---.. County of _....._.....H?k1.-.-. ... .--->State of..:Nebx'�Slc3.......,hereinafter referred
<br /> � to as the Borrower, and'the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> tLINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to
<br /> as Lendea '
<br /> ,,:
<br /> WiTxEssETx: That the said Borrower for and in consideration of the sum of ..TH-IRT.3�..T�RgE-.T-HOL7SAND
<br /> � SIX..IiITN11RED_:AND..DZQ/-100--...-------------------_----------�ol.ars (US$-.-.33,b430_Of}- �.-)
<br /> -- ' �_-•--� +
<br /> j paid by said Lender, does 6ereby mortgage, grant and convey to Lender, its successors and assigns; the
<br /> � ;; following described property locatsti in the County of _......Hall.........................:.. State of Nebraska: °
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<br /> Lot Siacty-nine (69), in Le Heights Fourth Subdivision, Ha11 County, Nebraska, in
<br /> i the East Half of the Northwest Quarter (EZNW,�-�) of Section Eleven (L1), Township
<br /> 's Eleven (11) North, Range Ten (10) West of' the 6th P.M.
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<br /> `s Toc�TxEe with all the improvements now or hereafter erected on the pmperty, and all easements,
<br /> 't rights, appurtenances, rents, royaities, mineral, oil and gas rights and profits, water, water rights, and
<br /> a water stock, and all fixtures now or hereafter attached to the property, all of which, including replace-
<br /> 4 mente 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 mortgage, grant and convey the Property, that the Property is unencumbered, and that Borrower will
<br /> d wanant 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 wverage 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 /> s by bonded abstracter.
<br /> ; PsovinLn ALwnYs, and these presents are executed and delivered upon the following wnditions,agree-
<br /> � ments and obligations of the Borrower, to-wit:
<br /> s,
<br /> y The Borrower agrees to pay to the Lender, or order, the principal sum of _THI�t��..���$_.�HQUSAIZD
<br /> � SIX,.HIiNDRED_AND_NO/100--------_-----_----------.-----'�ollars (US $33_,600.00-----------------.) •
<br /> � payable as provided in a note executed and delivered,cancurrently herewith,the final payment of principal,
<br /> ` f if not sooner paid,on the_---.------1st-----_._day of--.-----August.. ... ..... ......... �8..2QQ?_ rv '
<br /> � Uxieoxnz CovExnxTs. Borrower and Lender covenant and agree as foilows:
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<br /> a L Payment of Principal and Interest. Borrower shall promptiy pa,y when due the principal of and in-
<br /> s terest on the indeUtedness 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 and Insur�ce. 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 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 b,y
<br /> Lender;on the basis of assessments and bills and reasonable estimates thereof,Lender shall apuly the Funds
<br /> � to pay said taxes, assesaments;insurance premiums and ground rents. Lender shall make no charge for so
<br /> holding And spplying the Funds or c•erify�ing and com�iling said assessments ar.d bills. The Lend�r shal:
<br /> ' give to the BorroweT, without charge, an annual accounting of t.he Funds showing credits and debits t.o t.he
<br /> �' P'unds andthe purpose#or which each debit to the Funds was made. The Funds are pledged as additional
<br /> t securit,y for the sume secured by this Mortgage.The Bnrrower agreeG that the Funds may be held by tihe �
<br /> r F Lender and commingled with other funds and the Lender's own funds and the Lender mav pay such items
<br /> � from its own funds and tha Lender shall not be liable for interest or dividends on such Funds. �• � " F`�,
<br /> ' If the amount of the Funds held by Lender to$ether with the future monthly installments of Funds �. � �$
<br /> + � payable prior:to the due dates of taxes,assessments, insurance premiums and ground renis, shall exceed ,�u
<br /> (� the amount required to pay said tases, assessments insurance premiums and ground rents a.s they fall due, ,� .�;,
<br /> such excessshall be,at Borroiver's option,either promptly repaid to Borrower or credited to Borro�ver on
<br /> � monthly installments nf Funds. If'the amount nf the �'unds held by Lender shall not be sufficient to pay �A,�'
<br /> %' ta4es,°as.ses.smenkg, inFurancr_ �remi�mG and gr�ttnd rents as tt+ey falt due, Borrocver shall p�y t� I.en.ler ' �
<br /> v' an,y amount necessary'to make up the deficiencv within thirty days after notice from Lender to Borrower '
<br /> " requesting payment thereof, or Borrower shali,�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 sums secured by this Mortgage.Lender shall npply Funds held as a credit
<br /> against aft sums due:
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