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<br /> INDIVIDUAL'
<br /> DUE ON SALE "
<br /> ' OPTIONAL FUTURE ADVANCES
<br /> ��� SAYIiVGS FUND
<br /> �L .���� FOrtM N0.720 � � . . � : � ..�� � . . �
<br /> L�NCOI-N Loan Number___�4344__- 188 _- 1 __
<br /> r�t . '.. �� . . . TYPe� Bran�h
<br /> �# a7- (�C�4�313
<br /> � , MORTGAGE
<br /> ;
<br /> � THIS MORTGAGE,made and executed this ...--:... ��.:--_._--.. day of_..._ _.�y4.s..:�:.,.....:. A_D.,
<br /> � i 19...'ZZ...,taetween the Mortgagor,;._Ada_S�._Atkinw�„,.:_a.:single...gers.an------r.----.'.... - ,
<br /> . .. . ..-�-----�•- "
<br /> i ;
<br /> ' �' ---•-- . ....... .. _.,. ....._ . - -�------------------ - ----�--• --------••--
<br /> `� of.,Gransi...I.sland...'.:.._., County of__:.....;._.Iiall.....::.........State of.__Net�raslca_._....,hereinafter referred
<br /> to as'the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> aLINCOLN,1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referxed to
<br /> ;� as Lender.
<br /> �
<br /> aWiTxEssETx That the said Bonower for and in consideration of the sum of ..'�NTY THOUSAND___,
<br /> AND._NO(1.00---- ..:. ------ •- --�--- �-�--------------------- 20,000 00_.:. � '
<br /> . . _ .__...,. .._ ..._.._.Dol',ars (US$.__ . . - -�-------�-� '
<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 /> 5 . � � .. . ' . . � � .
<br /> �� . ' . . . . . � �� . .
<br /> , r � �.� .: . .
<br /> , ; I�ot Forty-one; (41) and the West One-Ha1f of Lot Forty-two (42) of' Buenavista Subdivision.
<br /> , 1 an Addition to the City of Grand Island, Ha11 County, Nebraska.
<br /> ..,j� . . . . . . . . � . . . .
<br /> ��. � . . . . . . . . . . . � �
<br /> ,'� . . .. . � .. � � . � . . . . .
<br /> E' TocETxsa 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 /> t 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
<br /> y , Mortgage is on a leasehold) are herein referred to as the "Property".
<br /> t .
<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 Bonower will
<br /> �- warran£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 inthe Property,or (2) attorney's opinion of title from abstrr�ct of title certified
<br /> ` x by bonded abstracter.
<br /> �
<br /> � PxovIDEn AtwnYs,and these presents are executed and delivered upon the following conciitions,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 _TWEN�'Y,.'�'I�Ou_S.ANA..l.�IA_.... ' '
<br /> ' � .:.:I3A.lJ.AO-��------ ---------------------------r-------.-Dollars (US $---�Q�Q.QQ.S?9......._ ...--- •��
<br /> � --------•---�-•---•-----•---------•---�----------�-•---
<br /> payable as provided in a note executed and deiivered,concurrently herewith,the final payment of principal, �
<br /> ;. i:`not sooner paid, on the -..-->--y�t.........:... day of_..__._.....Se�.tember....._....._.,�..20116
<br /> x 'Uxi�oamc CovExnxTs.Borrower and Lender covenant and agree as follows:
<br /> { L Payment of Principal and Interest. Borrower shall promptl.v pay whe.n 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 intierest on any Future Advances secured by this n'fortgage.
<br /> �- 2. Funds for.Taxes and Insurance. Subject to Lender's option under paragraphs 4 and 5 hereof, Sor-
<br /> f rower shall pay to Lender on the day monthiy installments of principal and interest are payable under the
<br /> Note, unti]-Che Note ispaid 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 yearly premium installments for hazard insurance, plus one-twelfth of yearly premium in-
<br /> stallments for mortgage insurance, if any, all as reasonably estimated initially and from time to time by
<br /> Lender on:the basis of assessments and bills and reasonable estimates thereof,Lender shall apply the Funds
<br /> to paV said taxes; aFsessments,insurance premiums and �round rents. Lender Ghatl make no charge for so
<br /> � holding and applying the Funds or verifying and compiling said assessments and bills. The Lender shall
<br /> give to the Borroweg,;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 suma secured by;this Mortgage. The Borrower agrees that the Funds may be held by the ".
<br /> Lender and commingled zs-ith other funds and the Lender's own funds and the Lender may pay such items 1 . �� `
<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 Fund.s heid by Lender,together with the future monthly installments of Funds k� � ��„ ,
<br /> �' payabie`prior to the due dates'of taxes, assessments. insurance premiums and ground rents, shall exceed
<br /> ' the amount required to pay sa.id taxes,assessments,insurance premiums and ground rents as they fall due, ��a
<br /> such excess shall be,at Borrosver's option, either pmmptly repaid to Borrower or credited to Bonower on ��;
<br /> monthTy msf.allxnents,of Fund�. If the amount of-the Funds held by Lender shall not Ue suf�'icient to pay
<br /> � , taxes, assessments, insurance premiums and ground rents as they falt due, Borrower shall pay to Lender -
<br /> ' " any sinount necessary tti mu;:e up Ll�e cieficYency within tiiirty days after notice irom Lender i:o Borrower " �, �
<br /> i 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 payment in fult of all sums seuuiei3 Ly tliis Murt�xage,Lender �hali ap�,ly Fuuc3a l�eli3 a,a�re.2iL
<br /> against all sums due.
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