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<br /> ( INDIVIDUAL
<br /> DUE ON SALE
<br /> OP710NAL FUTURE ADVANCES
<br /> �L SAVIIVGS, FUND"
<br /> ' � � Fown� No.720 � . . ..� . . ..�. .
<br /> " ' L�NC�� 34036 — 188_ _1___
<br /> /�1 Loan Number_____________
<br /> In ..- :. . . . . . TYoe. Branch .
<br /> A` .� . �. . � ,'
<br /> :�
<br /> �7- �.��4�53 MORTGAGE {
<br /> ; ; THIS MQRTGAGE, made`and execttted th�s /S .. . . -,---...._
<br /> dav of �� A D.
<br /> � 19_,_7_7..,between the Mortgagor, �;chard H Auenink and GladXs A Huenink _husband and wi�e, t . '
<br /> � jointly and 'each in their.own rip,ht - '
<br /> ._._. .. .... ...._... .._.._...
<br /> ; ` of ....Grand Island , County of .... ..,Hall, _ State of_:Nebraska .,,hereinaf�er referred t'
<br /> .._,..._, _ ............. �
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<br /> '� - to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATIONOF ;"
<br /> � LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred-to � s
<br /> r, �
<br /> 5 ` ` as Lender.
<br /> y WixxEssETx That the aid Borrower for and in consideration o£the sum of TH���SI ���iHT �HQUSAND !;"
<br /> � FOUR",HUNDRED AND NO/L0� ...._.:.;'.Dol.ars (US$ 38 40Q 00 --• •---....; )
<br /> ; ...----- . ...---- ......... ... ...... . .._:....... ---- �-•----•-� :
<br /> paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br /> foilowing described property located in the County of ...:...Hall,.__..___.__,.. .____.;., State of Nebraska: ;
<br /> � }.
<br /> t:. � , . . . . . . . � . . . . . . � . .
<br /> q . . '.�� . .' � , . .. . � .. � � .
<br /> i
<br /> " Lot Forty (t+0) Wolfe;s Subdivision, Ha11 County, Nebraska.
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<br /> i_... . � � .. . .. . . . . . . . .. . . . . , .. ^ � . ..� �:'
<br /> - � _ .' ..�.: �.. .� ... . : � . � � .. . ,.� � . �t
<br /> TocEzxEs 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 leasehoid estate in the event this
<br /> Mortgage is on a leasehold) are herein referred to as'the "Property".' ; :
<br /> . � .
<br /> � Borrower covenants that Borrawer is lawfully seised of the estate hereby'conveyed and has the right
<br /> to mortgage,grant and convey the,Propertg,that the Property is unencumbered,and that Borrower will
<br /> " � ' warrant ancT 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 /> ! PxovtnEn ALwaYs, and these presents are,executed and delivered upan 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 pnncipal sum of,.�HIRTY EIGHT THOUSAND
<br /> .FOITR_:HIJl�D.ItEA_..E�IIR._NOI.�.Q.Q..--- ------- •---•---.--Dollars (US$ 381400.00--•---..._....' )
<br /> � ---•- :
<br /> ;. � , payable as provided in a note executed and delivered concurrently herewith,the final payment of principal, .
<br /> iF not sooner paid, on the lst .:__....: day of :::.September :.............. 1�..2006
<br /> .......... . .
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<br /> � UxzFoxM CovExnxTs. $orrower and LendeT covenant and agree as follows:
<br /> � 1. Payment of Principal m�d Iaterest. Borrower shall promptiy pay when due the prSncipnl of and in-
<br /> �j terest on the indebtedness evidenced by the Note,prepayment and late charges as provided in the Note,
<br /> 4 : and the principal of and interest on any Future Advances secured by this Mortgage.
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<br /> 2. Funds#or Taxes and Insur�ce. Subject to Lender's optipn under paragraphs 4 and 5 hereof,Bor-
<br /> � mwer shall pay to Lender on the day monthly installments of principal and interest are payable uni3er the
<br /> ` f Note, until the Note is paid in full,a;sum (herein"Funds") equal to one-twelfth of the yearly taxes and '
<br /> ' j aesessments which may attain priority over this Mortgage, and ground rents on the Property,if any plus
<br /> one-twel#th ot`yearly,premium installments for hazard insurance, plus one-twei#th of yearly premium ui-
<br /> staliments for mortgage'insurance,if any, all as reasonably estimated initially and from time to time by
<br /> j Lender on the basis of assessments and bills and reasonable estimates thereof, Lender shall apply the Funds
<br /> to pay said�xes, aesessments;insurance premiums and ground rents_ Lender ahall rnake no charge for so
<br /> �. � holding and applying the Funds or verifying and compiling said,assessments and bills. The Lender sha❑
<br /> ' S give to,tl�e Borrower,without charge,an annual accounting of the Funds showing credits and debits to the
<br /> : Funds and the pnrpose for which each debit to the Funds was made:The Funds-are pledged as additional
<br /> � security,for the surns secured.by this Mortgage. The Borrower agrees that the Fnnds may be held by the '
<br /> Lender and commingled wxtla other#unds and the Lender's own funds and the Lender may pay snch items
<br /> � :� from its'own funds and'the Lender shall not be 1ia61e`for 3nterest or dividends on such Funds. ,- ,i t,,,,�°:
<br /> ti If the amount of the Funds held by'Lender,together with the future mont131y installments of Funds �,?
<br /> payable rpnor to the due ciates of tases,'assessments, insurance premavms and ground rents, shall exceed ���`
<br /> � the amount required to pay said taxes,assessments,insurance premiums and ground rents as they fall due, �`
<br /> h such eaceSs,shall b�;at:Borrower's option,:either pmmptly repaid to Borrower or credited to Borrower bn �.�,
<br /> sqonthly iristaliments of Funds. If �he amount of the"Funds'held by Lender shall not be sufficient to pay ,
<br /> ta�ces, assessmetits, insurance premiums and ground rente as they falI due, $orrtiiwer sha1Y pay to Lender �
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<br /> any amovnt necessary to�ske'up thc deficiencS within thirty days after notice from Lender to Borrower
<br /> requesting payment thereof, or Borrower shall,by an increase in monthly installments of Funds required, `"`
<br /> 'aepay'the deficiency within the k'und accounting period.
<br /> L�pon payment in fuil of�11 sums secured by this;14ortgagq Lendcr shall apply Funds hcld ss a eredit
<br /> against:a71 sums:due. �
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