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<br /> 1NDIVIDUAL'
<br /> DUE ON SALE `
<br /> ' OPTIONAL'FUTURE ADVANCES
<br /> � �� SAVINGS FUND �
<br /> ` � , .:. FoRM N4.720 �.. �. .. . �: �,
<br /> � uN��.N Loan Number__�4142____-_T18&,—"_Belh
<br /> �,� ���,
<br /> �� �7- �04,1�54 M O�R,�T G��� A G E r��
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<br /> ;� THIS MORTGAGE', made and executed this ...�/ ......�: ... day of .._.1..-1..�,y�.f_'�" ... .: _.. A.D., �
<br /> ° 19 7? between the Mortgagor 'JoY�p y7 Ke7rext& and Aas��.3.Q H. K�xens, ]xtf�hand aad'caife,-: ``'
<br /> � �;o3ntiy" and each in their;ow� righ�
<br /> ; : .._.. ... .-*� �- •--- ---•--._ ....,.:
<br /> of Grand.Island County of_...::,. H�1�; . State of......�Jebzaska.... hereinafter refened {' `
<br /> -��------> . _ .....--�----> >
<br /> to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGSAND LOAN A$SOCIATI�N OF i
<br /> "} LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to ; . `
<br /> �� as Lender. � � � �� � �
<br /> � WZ2xEsse'rx: That-the said Borrower for and in consideration of the sum of THIRTY THOUSAND_. �' ' ,'.`
<br /> � --- r..--Dol.ars (US $_.3_O.,.QQD..Q�----.. ..
<br /> arm No(ioo.:-- ---
<br /> .. �.. . . ....... ......... .. .....�- ---.. _...._ ....:..-> t :
<br /> paid by said Lender, does hereby mortgage, grant and conve,y to Lender, its successors and assigns; the ! "
<br /> q ' g, ' p p y located in the County of .....Ha�.]�:,____ __________________ State of Nebraska: �„ -
<br /> � follov�nn descnbed ro ert
<br /> �
<br /> � Lot Thirteen (13), Western Heights Third Subdivision� Ha11 County, Nebraska.
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<br /> �� TOCETHER Wltll all the improvements now or hereafter erected on the property, and all easements,
<br /> x 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 k�y this �,
<br /> � Mortgage; and all of the foregoing, together with said pmperty (or the leasehold estate in the event this
<br /> �� 'Mortgage is on a leasehoid) are herein refexred to as the "Property".
<br /> � Eorrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right
<br /> to martgage, 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 o£exceptions to coverage in any title insurance po3icy in-
<br /> ,
<br /> $uring(Lender's interest in the Property, or (2) attorney's opinion of'tiEle'from abstract of title certified
<br /> by bonded abstracter.
<br /> y P&OVIDED ALWAYS� and these presents are executed and delivered upon the folluwing conditions,agree-
<br /> � ments and obligations'of the Borrower, to-wit:
<br /> ,
<br /> ' The;Borrpwer agrees to pay to the Lender, or order, the principal sum of ...TH�RTY..��Otl�,�_.,�,,, '
<br /> .NO/100,: ---•----- --- --- ------- ..--�•---Dollars (US $.: 30,000.00 _ ..:..._::)
<br /> _.......,._._ --- ---- ------•.....------••-- -x_ .....
<br /> payable as provided im a note executed and delivered,concurrently herewith,the final payment of principal, e
<br /> � if not sooner paid,on the-----yst.. ... :...._day of:.:..August---------- ------------- hE�r..2�Q2
<br /> .�
<br /> '� UrtrFoaM CovExaxTs: Borrower 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 indehtedness 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 /> � � 2. Funds for,Taxes and Insurmica. Subject to Lender's option under paragraphs 4 and 5 hereof, Bor-
<br /> � mwer 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 nf the yearly taxes and '
<br /> ,� assessments whieh may attain priority over this Mortgage,-and ground rents on the Property,if;any plus
<br /> one-twelfth of yearly premiuxn instaliments for hazard insurrznce, plus one-twelfth of yearly premium in-
<br /> ,� atailments for mortgage insurance,if any,alJ as reasonably estimated initially and from time to time by
<br /> Lender on the basis of assessments and 6ills and reasonable 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 shali
<br /> ,� give to the Borrower, without charge, an annuai 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 hy',this Mortgage. The Borrower agrees that the Funds may be held by the �
<br /> I,,ender and commingled with other funds and the Lender's own funds and the Lender may pay such items
<br /> ":� � f%om its own funds and the Lender s3�all not be 7iable for interest or dividends on such Funds. �� ' T 'x"` -
<br /> ,^ _ :�.'" .
<br /> 3 If the amount of the`Funds held by Lender, together,with the future monthly installments of Funds �' r ;
<br /> payable prior'to'the due dates of taxes,assessmen�,s, insurance premiums and ground rents, shall exceed
<br /> � tlse amount required to pay said taxes,assessments,insurance preauums and ground rents as they fall due, � °�f��.
<br /> � such,excr,ss,shaii.be;at Borrower's op tion;either promptly repaid to Borrower or credited to Bormwer on "P�r
<br /> � monthiy iustailments of'Funds. If the amount of the Eunds held by Lender shail.not be sufficient to pay' �-�
<br /> ,,.� Laaces, assessment�,, inauranee remiums and v ,,
<br /> p ground rents as they fall due, Borrower sha13 pay to Lender
<br /> rvs` ' any.amaunt necessary to.nza]>e up Ehe deficieney xvithin t2�rLy�iu�b�xfLer nutice fruui I.eiie3er Co Sorruwer „�� .
<br /> Y requesting payment thereof, ar Borrower:sha71, by an increase in;monthly,installments of Funds rec�uired,
<br /> ::. repay,ttie-deficiency within tk�e Fund accoumti�gjpe�iod. '
<br /> Upqn pay�merit in#ull of all sums securecl Ly'tliis Mortgage,Le�der bL�22 a�ply Fun:lb liel�a�a cre�lit
<br /> m
<br /> ' against all sums due.
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