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<br /> IIVDIVIDUAL
<br /> DUE ON SALE
<br /> ' ��� OPTIONAL FUTURE ADYANCES
<br /> SAVINGS FUND
<br /> "�O� Fonn+ t�o.720 34406 __-188 -- 1
<br /> � Loan Number--- - ------- --
<br /> 77 ���^�� TYPe BranCh
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<br /> . M O R T G A G E
<br /> i THIS MORTGAGE, made and executed th�s ..:..�.�..__ ..:... day of .�sr t-�_s..�....:...... :.... A.D.,
<br /> 19_7�:...,between the Mortgagor,.._Pa�.e.__A.:..Sm;�dt..ansl.GeaxBez��_K....Smi.dt,...�ust2an.d..and.�ife,.:._
<br /> ` ; joint�y_and.:e��h::.?�n.:th��.z.:,oWn:.x�hx;:.......:...............--��----�---........._.....----...---��------�-��------- -•�------�---•--•-
<br /> 9 of...,:Wood.:River:..:....:.... County of . .,.......ti��:1.._._....._..,State of....NQb.xaska..-----,hereinafter referred
<br /> to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> LINGQLN, 1235 "N" Street, Lincoln, Nebraska 68501, its euccessors and assigns, hereinafter referred to
<br /> as Lemder.
<br /> , ; WiTxsssETx: That the said Rozrower for and in consideration of the sum of._..T..W..ENTY.T�10.[J$f�Jp,,.qND ,
<br /> NO/100 ----------------------------------------- 20 000 00
<br /> a ---'--�-- -------------_--•--.....-----...---......-•--•�---•----....-----�------...---�---�--... .......13ol:ars (US�---....a_.....� ---...... ... .....)
<br /> paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br /> ,o following described property located in the County of_.....Hall _.., State of Nebraska:
<br /> ' I,ots Thirteen (13), Fourteen (1�+), Fifteen (15), Six_teen (16), Seventeen (17), `
<br /> ' Eighteen (18), Nineteen (19)� �enty (20) and Twenty-one (21), in Block One (1), �,
<br /> in Clark's Addition to the Village of Wood River, Hall County, Nebraska. '
<br /> Z`ocETxEa 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 /> i `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 /> � 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 ali 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 /> r suring Lender's interest in the Property,or (2) attorney's opinion of title from abstract of title certified
<br /> � by bonded abstracter.
<br /> ' PaovtnEn ALwnYs, and these presents are executed anci delivered upon the following conditions,agree-
<br /> ments and cbligations of the Borrower, to-wit:
<br /> �
<br /> e The Borrower agrees to pay to the Lender, or order, the principal sum of .T.�NTY_��OUS,�INA__�NA...._
<br /> � NOf100 ------------------------------------
<br /> ; ----•-............... ----�• ---------•--�-----...-•--�--�----•-----•---•-�---- .. ......Dollars US $ 20x000 00.---• -
<br /> ( . ......,..)
<br /> payable as provided in a note executed and delivered,concurrently herewith,the final payment of principai, -
<br /> ' if not sooner paid,on the _......:...lst___.:.._ day of._.._..September..... . ........ pgc..2002
<br /> UtviFoaNt CovExaNxs. Borrower and Lender covenant and agree as follows:
<br /> I: Payment ot Principal and Interest. Borrower shall promptly pay when due the principal of and in-
<br /> terest on the indebtedness evidenced by the Note,prepa,yment and late charges as provided in the IvTote,
<br /> and the principal of and interest on any Future Advances secured by this Mortgage.
<br /> 2. Funds for Taxes and Insurance. Subject to Lender's option under paragraphs 4 and 5 hereof,Bor-
<br /> mwer shall pay to Lender on the day monthly installments of principai and interest are payable under the
<br /> Note,until theNote is paid in full,a sum (herein "Funds") equal to one-twelfth of tt�e 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 premiu�n 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 afisessments and bills and reasonable estimates thereoi,Lender shall apply the Funds
<br /> to pay said taxes,'assessments,insurance premiums and ground rents. Lender shall cnake no charge for so
<br /> holding and"applying thc: Funds or verifying and coinpiling said assessments and bills. `1'he Lender shall
<br /> give to the Borrower,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 additionai
<br /> " security for the sums secured by this Mortgage. The Borrower agrees that the Funds rnay be held by the
<br /> Lender and commingled with other funds and the Lendez's own funds and the Lender may pay such items �� .;_ . ,�
<br /> ' from its awn funda and the Lender shall not be liable for interest ar dividends on suc� Funds. ,., _� ^
<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 ot 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,
<br /> such escess shall be, at Borrower's option, either px�omptly repaid to Borrower or credited to Borrower on ''°` �
<br /> monthly installments of Funds. If the amount of the Funds held by Lender shall not be sufficient to pay
<br /> taxes, asseFsments, insurance pTemiums and.ground rents as they fail due, Borrawer snall pay Lu Lender
<br /> any,amount necessary to make up the�eficiency within thirty days after noticc from Lender to Eo�oza•er
<br /> requesting payment thereof, or Borrower shall,by an increase in monthly 3nstailments of Funds required, �y
<br /> repay the deficiency within the Fnnd accounting period.
<br /> Upon payment in,full of all sums Fe�iared by this Morteage, Lendcr shall apply Funds hcld as a credit
<br /> against,all sums due_ ��a
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