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<br /> � 6C CORPORAT[ON
<br /> �R.7T DUE ON SALE
<br /> • OPTIONAL"FUTURE' ADVANCES
<br /> � � � ��'��+VL.1� FoeM NO.727 . . . . .. � � .� .. . � . .
<br /> � loan Number__33453------TYp-- --8188
<br /> ; ; �r-Hf���5 MORTGAGE
<br /> �
<br /> ; 77' U04�3'7 ��
<br /> THIS MORTGAGE,made and executed this ..... � . ... ... day of . .. .__ A D.,
<br /> ' 19_::7.7..: between the Mort a or, --...13EGENCX CONS�'�?i�CT�Q�T,...��yG.............. . �. .....
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<br /> ........___......... ._..-- -
<br /> ,:'�i � . -----:... ....:.'-�--�----�•-�-• �� .........:......:.......�.... ._......... . . . -..-� -- �
<br /> ........................_...._.........._ .....----��-----•----.;a orporation,
<br /> k organized and existing under and by virtue of the laws of the State of ....N�bx.aska........................ herein-
<br /> after refened to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN
<br /> ASSOCIATION OF LINCOLN, 1235 "N" Street, Lincoln, NeUraska 68501, its successors and assigns,
<br /> hereinafter referred to as the Lender.
<br /> ^ WiTrrEssE�rx: That the said Borrower for and in consideration of the sum of ................... .....:......
<br /> ;i' TH�F?`��'-S.T�Y THOUSAND._EI.GHT.�iUIVDRF,u�._A�I?..�VQ�100--r--.--r-r.-�ollars (US v�-.3�-,$.QQ..DQ---......:_...._...) '
<br /> ' paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns the
<br /> � � � following described property ]ocated in the County of ......__._I�aa.J,......._�......._.._..., State�of Nebraslsa:� � � � � ' ' ''��
<br /> ;� � � . � �
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<br /> Lot Twenty-six (26) Block Two (2), in Continental Gardens, Hall County, Nebraska.
<br /> � ; TocETxEa 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 profi�s, water, water rights, and
<br /> water stock, and all fixtures now or hereafter attached to tl�e property, all of which, including replaee-
<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 tke 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 /> 3 easementsand 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 /> � PaovIDEn ALWAYS� and these presents are executed and delivered upon the following conditions,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 ..... .... ...... .............. .....
<br /> THIETY-SIX_TIifJU�AND...EIGHT.�1S7DiDRED..6N12__1SiQ�10�J.------------.Dollars (US$.-36�SDQ_00_--..............j
<br /> payable as provided in a note executed and delivered,concurrently herewith,the final payment of principal,
<br /> kif not sooner paid,on the...._.1s�... ......._ day of.. .._......Marct�.... ._........., 19.9fl.,. "
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<br /> � UxiFoaM CovExnxTs. Borrower and Lender covenant and agree as follows:
<br /> � 1. Payment of Principal aad Interesi. Borrower shall prornt�t]y pay when due the principaI of and in-
<br /> � � terest on the indebtedness evidenced by the Note,prepayment and late charges as provided in the Note,
<br /> k and the principal of and interest on any Future Advances secured by this Mortgage.
<br /> ,
<br /> 2. Fuads foz Taxes and lnsuzance. 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 i;axes and
<br /> � assessments which may attain priority aver this Mortgage, and ground rents on the Propertp, �f any plus
<br /> one-tweifth of yeariy premium installments for hazard insurance; plus one-twelfth of yearly, premium in-
<br /> � stallments for mortgage insurance, if any, aH as reasonably estirnated initially and from tune 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 taxea, assessments,insurance premiums and groixnd rentc, I;ender shall make no charee 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 the gurpose for which each debit to the Funds wa.s 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 commingled with other funds and the Lender's own funds and the I.ender may pay such items *^;�� -. -;t ,
<br /> from'its own #unds and the Lender shall not beliable for interest or dividends on such Funds.
<br /> �',�,�x.�.
<br /> If the amount of the Funds held by Lender,together with the future monthly installments of Funds �
<br /> payable prior to the due dates of taxes, assessments, insurance premiums and ground rents, shall exceed , :;
<br /> the amount required to pay said taxes,assessrnents, insurance premiums and ground ren�s as they fall due, ; � �
<br /> such excesa sha11 be,at Borrower's option, either promptly repaid to Borrower or credited to Borrower on
<br /> monthly installments of Funds. If the amount of the Funds held by Lender shall not be suf�cient to pay
<br /> G�es, asser;�xnents, insurance premiums and gmund rents as they fall due, Bozmwer shaII pay to Lender
<br /> �:Y�4��necassary to mrtl�a up the deficiency within thirty days after notice from Lender to Borrowe,r
<br /> requesting payment thereof, nr Bonnwer shaIi, by an increase in monthly instaliments of Funds required,
<br /> repay the deficiency withia the Fund accounting period.
<br /> LTpon p�5-ment in fulY at all sunia ��cui�e� by this Mortgage,Lender shall spply Funds held as a credit
<br /> against all sums due.
<br /> ....Wrw: �_ � �
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