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<br /> INDIVIDUAL '
<br /> DUE OfV SALE
<br /> Fl�''' OPTIONAL FUTURE ADYANCES
<br /> ��pA■ SAVINGS`FUND
<br /> � � R," FORM No.72P
<br /> �.�NCOLN Loan Number---33905__-_ T188- --e.l���
<br /> ��-(�04501
<br /> � � M O R T G A G E
<br /> THIS MORTGAGE,made and executed th�s :...._.....�.5..........:.. day of :......SK y:...._..._.... A.D.,
<br /> ; i 19..TZ._:.,betweemthe Mortgagor, .A.enals�:.Ex:_ktoxrn.�r__and..PQggy..:i�o.xzo�.,...husb.and..and..wife,..3_nintly
<br /> � 5: and'_each in their--own rzght------,-,-------------.-----.-----.-----.----------_------.--------
<br /> ..... .._. ...._.
<br /> of._.__..Grand.:Island_.._.� County of ...... xall.._ ._ ._..___..,State of.._..Nebras�ca_..., hereinafter referred
<br /> to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> � ' LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns,hereinafter referred to
<br /> 1 as Lender.
<br /> ' 1
<br /> `;. WiTxEsssTx: That the said Borrower for and in consideration of the sum of�NT�._.QH�._.�H9TLS.�ID
<br /> ; :SIX.HiJNDRED._AND,NO/.100--.----.----------.------.--------Dol:ars (US$- 2-1.>§QQ.�OQ. .------��------�
<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 /> ' Westerly 34 feet of Lot Eight (8) in Block Seven (7), Original Town now City
<br /> f of Grand Island, Ha11 County, Nebraska.
<br /> �
<br /> �
<br /> This mortgage is to eorrect the mortgage recorded Ju1y 15, 1977.
<br /> � � �
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<br /> 4 i
<br /> TocE'rxEe 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 /> Mortgage; and all of the foregoing, together with said property (or the leasehold estate in the event this i
<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 /> i suring Lender's interest in the Property,or (2) attorney's opinion of title from abstract of title certified
<br /> by bonded abstracter.
<br /> . � PROVIDED ALWAYS� and these presents are executed and delivered upon the following conditions,agree- .
<br /> �; ments and obligations of the Borrower, to-wit:
<br /> }
<br /> < The Borrower agrees to pay to the Lender, or order, the principal sum of _T�?E?`?TY..QN�._.T.HQUS�INA..._
<br /> , b, ..S�:.H?7.N..ARED„AND,_NO(100,-------------------.-----.------Dollars (US$--�.�_�_64Q.0.0....... .........)
<br /> ; payable as provided in a note executed and delivered,concurrently herewith, the final payment of principal,
<br /> � ; if not sooner paid,on the:...:....,a.St.........._ day of---...�'!zgust...... .........._...._, 29�2Q92 "
<br /> UxiFoxM CovErraxTs.Borrower and Lender covenant and agree as follows:
<br /> L Payment of Principal �d 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 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-tweltth of yearly premium installments for hazard insurance, plus one-twelfth of yearly premium in-
<br /> stallments for mortgage insurance, if an,y, all as reasonably estimated initially and from time to time by
<br /> Lender on the basis of assessments and bills and reasonable estimates thereo#, Lender shall apply the Funds
<br /> to pay said taxes,assessments, insurance premiums and ground rents. I.ender sLall make no charge for so
<br /> holding and applying the Funds or verifying and compiling said assessmenLs and bills. 'T'he Lender shall
<br /> give to the Sorrower, 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 1�4ortgage. 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 Lender may pay such items `
<br /> from its own funds and the Lender shall not be liable for interest or dividends on such Funds. �� - ���t
<br /> If the aznount 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 topa y 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 promptly repaid to Borrower or credited to Borrower on ; �-
<br /> monthly inatallriients o# Funds_If the amouat of the Funds held by Lender shall not be sufficient to pay `�
<br /> taxes,,assessments, insurance pr�miums and gmund rents as Lhey fall due, Burrower shail pay.to Lender
<br /> " , aay amount aecessary to malce't:p the de&ciency within thirty days after nctice fram Lcadcr ta Borrole�er
<br /> requesting payment thereof, or`Borrower shall,;by an increase in monthly installments of Funds required, ,,
<br /> • repay the deficiency within the Fund accounting period.'
<br /> Upon payuicnt in full of nll sums secured by this IC'lortga�c,Lendcr sha1Z npp2y Fuads hcld as a credit
<br /> against all sums due: - '
<br /> �;. � Li
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