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<br /> INDIVIDUAL
<br /> DUE ON SALE
<br /> `, �RS"�' OPTlONAL FUTURE'ADYANCES
<br /> �A� SAVINGS FUND
<br /> � . r�v�Rh 'FpRra No:720 � �
<br /> UNCOL� Loan Number___34029__-_188 _—_ 1__
<br /> �" ...��. � . . . . . . . � � .. . . . .Trae � .e.a�cn � .
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<br /> ' -U(�43�5 M O R T G A G E
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<br /> j THIS MORTGAGE, rnade and executed this __..:..._.�.._.:........_. day of__:.:_.�t,LG.(�l5:.7'....,.:.... A.D.,
<br /> , ; 19._:?7..;between the Mortgagor, _Richard_,P.._John�4n._��d:_..Jstl�i.e__IT.._John&Ast,..Y�.ustzand..and_saife
<br /> : ,i �ointly and,each,:in,';ttieir own_:right.... .......... . ....... .....�---�------...- �-•------��--------�-•--�---...----'--------- '
<br /> ; ' of__.._.Grand:',Island._..___ County of _.......: Hall.___._..._._..__,State of��ekxaska.._.._.....,hereinafter referred
<br /> to as the Borrower, and the Mortgagee, rIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to
<br /> 'r"
<br /> as Lender.
<br /> � ` W[TxEssETx: That t e said Borrower for and in consideration of the sum of TNIRTY..SEVEN.,THQUSAND
<br /> ; EIGHT HUNDRED AND N0�100- ---------------------- . 37 800.00.. .......
<br /> -•-----------�--•-�-----�--------�---�-----------�--�........ . ........................�--�--�--�---�--.......Dol.ars (US$----...,.-- --- ----�
<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. ...... ..Hall ._, State of Nebraska:
<br /> Lot One (1), Bishop Heights Subdivision being part of the Southwest Quarter
<br /> (SW4) of the Northwest Quarter (N474) of Section 11, Township 11 North,
<br /> Range 10 West of the 6th P.M., Hall County,Nebraska.
<br /> TocE'rxEa with all the improvements 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 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 /> T 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 PropeTty, 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 title certified
<br /> by bonded abstracter.
<br /> v Paovin�n ALwnYs, and these presents are executed and delivered upon the following conditionc,agree-
<br /> ments and obligations of the Borrower, to-wit:
<br /> + The Borrower agrees to pay to the Lender, or order, the principal sum of :..�I�Zii.T.X..SEVEN.THQUSAND :
<br /> Ez.GIiT:.H.U�I121iF7D._.t�I4I2..�tQ/�.QQ---rr-r_-----r..------------cr-..-.�ollars (US$-.._3Z.>.&Q4al�-a--.--._--- --..�
<br /> payable as provided in a note executed and delivered,concurrently herewith,the final payment of principal,
<br /> � if not sooner paid,on the--------------1s.t---..._day of-_......---9tzgust---- �........._.., l�s..20D6 �
<br /> UxiFoaivz CovExnxTs. Bonower and Lender covenant and agree as follows:
<br /> 1. 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 principal of and interest on any Future Advances secured by this Mortgage.
<br /> 2. Funds for Taxes�d 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 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 installrnents for hazard insurance, plus one-twelfth of yearly premium in-
<br /> stallments for mortgage insurance,if any, ali as reasonably estimated initially and from time to time by
<br /> Lender on the basis'of assessments and bills and reasonaUle estimates thereof,Lender shall apply the Funds
<br /> to pay said taxes, assessments,insurance premiums and ground rents. Lender shall make no charge for so
<br /> holding and applying the Funds or verifying and compiling said assessments and bills. The Lender shall
<br /> give to the Borrower,without charge, an annual accounting of the Funds showing credits and debits to the
<br /> Funds and thepurpose for wluch 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 he]d b,y the 5
<br /> Lender anci commingled with other funds and the Lender's own funds and the Lender may pay such items
<br /> from its own funds and the Lender shall not be liable for interest or dividends on such Funds. ""�{ ' �'"� '
<br /> If the amount of the Funds held by Lender together with the future monthly installrnents of Funds � �v
<br /> payable prior to the due dates of taxes,assessments: insurance premiums and ground rents, shall exceed
<br /> � ; the arnount required to pay said taxes,assessments insurance premiums and ground rents as they fall due, ` "
<br /> such excess shall be,at Borrower's o tion,either
<br /> p pmmptly repaid to Borrower or credited to Borrower on �,`°
<br /> ' monthly inst:allments of Funds.,If the amount of the Funds held by Lender shall not be sufficient to �ay ' ; � ,
<br /> ta�ces, assessments, insurance premiums and ground rents as they fall due,�orrower shall pay to Lender
<br /> ( ..
<br /> any amount necessary to make up the deficiency within thirty days after notice from Lender to Borrower
<br /> requesting paymenL thereu€;or Borrower shaIl, by an increase in cnanChiy insi:aliinentb uf Fuxi�ls re�uirecl,
<br /> repay the deficiency within the Fund accounting period.
<br /> iTpon payment in full of all sums secured by this Mortgage,Lender shall apply Funds held as a credit
<br /> against all suxY�s due.
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