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<br /> INDIVIDUAL
<br /> DUE ON SALE
<br /> ��■ OPTIONAL FUTURE ADVANCES
<br /> � SAVINGS FUND `
<br /> ; �" FORM No.720
<br /> � �-����-N Loan Number___ 33964 �1$8 1
<br /> �k.. .. , . .. .. . _._____._TYVe_�_ __BranCh�� . ,
<br /> $ . �. �. . . . . � ... . �� :^ .�- � ' . � „ ,.
<br /> , 77flQ4!��� M O R T G A G E
<br /> �� THIS MORTGAGE, made and executed this . ...:.,/�._.:: .: ..:.. day of .:.....G.-_�`_." ..:...--.. A:D., "
<br /> 19_...7-x-;between the Mortgagor,�.azry..I,,...13.i.ce..ans1_I2�rzan�a.k1....Rice,.husbaaad..and._saife>--3n3nt1y =
<br /> ; , `.:and eacb. �.n tk�e�.z o�an..z�,8h�� ---- • -..-- �•- ---• ------ - �------- ---------� `
<br /> : pf...��an�j__I�_��nd_ County of ...:.........H.al.l. State of.._Nab.zaslca.._..., hereinafter referred '
<br /> : - . ...,.., -........,
<br /> , ' to as the Borrower, and the Mortgagee, FIRST FEDERAI.SAVINGS AND LOAN ASSOCIATION OF �
<br /> LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to
<br /> ' as Lender. ,
<br /> �
<br /> � ' WiTrtassETx: That the said Borrower for and in consideration of the sum of THIRTY._FIVE THOUSAND
<br /> ,,a SIX H[TNDRED AND NO/100---- -.---.---......... ... .-------:�ol:ars (US $.35,600, 00........_ .. ,..)
<br /> , ......... ..... ....... ---...... �
<br /> .. •
<br /> A 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 /> „�
<br /> ; The Easterly Twenty-eight (E 28) feet of Lot Ten (10), and the Westerly Forty-two
<br /> i (W �+2) feet of I,ot' Eleven (11), Block Nine (9), in Morris Fifth Afldition to'�e
<br /> " x City of Grand Island, Hall County, Nebraska.
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<br /> E
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<br /> ; TocETztEx with all the irnprovements 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 /> ; �
<br /> P - 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
<br /> � Mortgage is on a leasehold) are herein referred to as the "Property"_ �
<br /> ' � Bormwer 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 /> � suring Lender's interest in the Property,or (2) attorney's opinion of title from abstract of title certified
<br /> � ' by bonded abstracter.
<br /> ' � PaovinEn ALwnxs, and these presents are executed and delivered upon the following conditions,agree-
<br /> . t' ments and obligations of the Borrowgr, to-wit:
<br /> ,
<br /> , ; The Borrower agrees to pay to the Lender;or order,the principal sum of THIRTY_FIVT..�J�Ov��Tp... '
<br /> , ; .�$I�::HTJNDRED.AND.,NO/100------------_---------------.----�ollars (US$-..35.>_69Q�.OQ--------.. ...: )
<br /> � payable as provided in a note executed and delivered,concurrently herewith,the final payment of principal, ,
<br /> , e if not sooner paid, on'the ._.:'..:lst ....._:.,.day of ....._.September ,X�gX 200b
<br /> �
<br /> u UNiFoaM CovExnNrs. Borrower and Lender covenant and agree as follows:
<br /> � 1. Payment of Principal�d Interes#; Borrower sha11 promptly pay when due the principal o£ and in-
<br /> : terest on the indebtedness evidenced by the Note,prepayment and late charges as provided in the Note,
<br /> , x and the principal o€and interest on any Future Advances secured by this Mortgage.
<br /> Y � 2. Funds for Taxes and Insurance. Subject to Lender's option under paragraphs 4 and 5 hereof,Bor-
<br /> rower shall pay to'Lender on the day monthly installments of principal and interest are-payable under the
<br /> � Note,until theNofe is paid in full,a sum (herein "Funds") equal to one-twelfth of the yearly taxes and
<br /> � assessments'which may attain priority over this Mortgage, and ground rents on the Property, if any plus
<br /> one-twelfth of'yeariy premium installments for hazard insurance, plus one-twelfth of yearig premium in-
<br /> z stallments for mortgage insurance, if any;all as reasonably estimated initiallY and from time to tirne by
<br /> Lender on the basis of assessments and bills and reasonable estimates thereof,Lender shall apply the Funds
<br /> ; to pay said taxes, assessments,insurance premiums and ground rents: T.ender shall make no charge for so
<br /> ; , holding and applying,ihe Funds or verifying and compiling said asses�nent� ana bills. Tha Lender shall
<br /> - give ta;the$ormwer,cvithout`charge,an annual accounting of the Funds showing credits and debits t.o the
<br /> Funds and the purpase for which each debit to the Funds was made. The Funds are pledged as additianal
<br /> security,for,the`sums secured by tkus Mortgage, The Borrower agrees that the Funds may be held bY the k
<br /> $ Lender and commingled with other'funds and the Lender's own£unds and the Lender may pay such items � y „
<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 installments of �v�nds �; . �.�"
<br /> 1;� payable prior to the due dates of tases,assessments, insurance premiums and ground rents, shall exceed . � '
<br /> �. the arnount reqwired to'pay said tas�es,sssessments,insurance preuiiums and ground rents as they fa31 due, "°�
<br /> ""� such excess shall be,at Barrower's option,eithe;promptly repaid to Sorrower or credited to Borrower on ���
<br /> monthiy installznents af Funds, If the amount of the Funds held by Lender shall not be sufficient to pay . ~�
<br /> , ,: tases, assess�nents, insurance p'remiums and ground rents as they fa12 due, Borrower shaL ga;; to Lender ' 4 ' �`' `
<br /> any amount aecess�ry to make up the deficiexxcy va�thin thirty days after notice #mm Len�ler tn Borrower ' �'
<br /> requgsting payment thereaf, or Borrower shall, by an increase in monthly installments of Funds required, �
<br /> repay the deficiericy within the Fund accounting period.
<br /> tT�rn paymen#in fiill �f all sums secured by this MortgRge,LPTICIPT fl}]R�I Ailil�'y Fi7TfjR }1f?}(j a�a credit
<br /> against all sutns due.
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