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<br /> IIVDIVID(JAL '
<br /> DUE ON SALE '
<br /> ��'j' OP710NAL FUTtJRE ADVANCES
<br /> �p+�_ SAVINGS FUND'
<br /> . .,.. L/�GV�1a�;� �� FORM No.720 � . . . � � . �.. .-. � � � .. .
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<br /> t ,��'�n'ry Loan Number__33�06______ 199� 1
<br /> � � � � � . � TyDe, Branch �
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<br /> ; 77" C�043�'� MORTGAGE
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<br /> . ' THIS MORTGAGE,made and executed th3s � day of `��� A D.
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<br /> 19.77__:.,between the Mortgagor, �:chard..$:__Kool_,,_Jr_.::and Bonnie Jean.K lr_husband and w�fe
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<br /> ° ' .aaintly_,and__sach �.in..���.��: own__r�ght " - ---• - ---.,... ..:..... '
<br /> � of__�r,a.ztd..I.s.l;�T�d-•-.-....---, County of ..: .Hall: .... ... ........State of Nebraska ---_..,hereinafter referred
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<br /> to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> j LINCOLN,_1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to
<br /> � as Lender.
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<br /> $ WiTxEssE2x: That the said`Borrower for and in consideration of the sum of _�3.�1Q�SC.:?Z�NE..THOUSAND
<br /> , . ---------- ---�ollars (US$---29�000 ----..... ....----�
<br /> ± AAtR:�I3917,QAr..---------r.---:--.------
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<br /> � paid by said Lender, does hereby mort�age,grant and convey to Lender, its successors and assigns; the
<br /> ; following described property located in the County of .....:........Hall ._____._...____ State of Nebraska:
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<br /> Lot Sixteen (16) Western Heights Third Subdivision, Hall County,' Nebraska.
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<br /> TocETxEs with all the improvements now or hereafter erected on the property, and all easements,
<br /> k rights, appurte�ances, 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 /> � ments and additions thereto,shall be deemed to be and remain a part of the property covered by this
<br /> � Mortgage; and ail of the foregoing, together with said property (or theleasehold 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 /> ` � 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 opinion of title from abstract of titie certified
<br /> � by bonded abstracter.
<br /> � PaovinEn Ar.wwYs,and these presents are executed and delivered upon the following conditions,agree-
<br /> . a ments 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.�NTY_.NINE TF;OUS.AKP._. -
<br /> : QND_NO/100------------------------------------------Dollars (US$.._29 000.00 )
<br /> ' - ---- •-----�� •---•---------------------�--�--�--------�-�--�--------._ .�.---•----....-�----.. ...-----
<br /> ypayable as provided in a note executed and delivered,concurrently herewith,the final payment of principal, _
<br /> yif not sooner paid, on the .._.:.._1.s_t........... day of . ........Augnst............._._,..� },qc200�
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<br /> p UxYFoaM CovExaxTs. Borrower and Lender covenant and agree as follows
<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 /> and the prineipal of and interest on any Future Advances secured by this Mortgage.
<br /> x 2. Fuads for Taxes m3d Insurance. Subject to Lender's option under paragraphs 4 and 5 hereof,Box-
<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 /> $ staliments 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 rnake no charge for so
<br /> holding and ap�+lying the Funds or verify�ir.g ana' c�mpiling said assesstnents and bill�. The Le�ider shall
<br /> give to the Borrower, without charge,an annual 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 i
<br /> Lender and commingied with other funds and the Lender's'own funds and the Lender may pay such items
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<br /> from its own funds and the Lender shall not be liable for interest or dividends on svch Funds. . --, a ,
<br /> I�the amount of the Funds held by Lender,together with the future monthly installments of Funds x;� "� �`�"�
<br /> ' payable;prior to'the due:dates of tases, assessmeats, insurance premiums and ground rents, sha13 exceed �`"�,
<br /> � the amount required to pay said tases,assessmenfs,insurance premiums and ground rents as they fall due, ��,
<br /> such excess shaIl be, at Bortower's option, either pmmptiy repaid to Borrower or credited to Borrower on r�^,"
<br /> a monthly installments of'Funds. Tf the amount of t&e Funds heid by Lender shall not be sufficient to pa,y ` `=
<br /> taxe+s, assessments, insurance premium.c"and gmund rents �s they #all'due, Bormwe�shall gay`ta Lender '
<br />�, ; arly amount nec+egsary;to make:ap the deficienc,y zvithin'thirty days af£er notice fr�m I.ende.r t;o Borruwer
<br /> re9uesting payment thereof, or Borrower shall, by an increase in monthly installments of Funds required,
<br /> repay the de8cie�cy within the Fund accounting;period.
<br /> r IJpon payment in full of all sums secured by this Moztgage,Lender shall spplp Fundr held as a credit
<br /> against all sums:due,
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