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<br /> lMDIVIDUAL
<br /> DUE'ON SALE'
<br /> �RST OFTIONAL FUTURE ADVANCES
<br /> �AL SAVINGS FUND
<br /> .. r`�«M ForxM No.720 � � � � �
<br /> ; � �NCQLN Loa� Number____34343_` 18$__-_B���h
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<br /> 77- 00�823 MORTGAGE :
<br /> ; THI3 MORTGAGE,made and executed thts ....::.:.�`I.�..:: _.::... day of __�*.?�al�._._.. ___ A.D.,
<br /> � 19.77__:_.,between the Mortgagor,...War.ren__Il._:.Mathecas..and..Nad.3.ne..P..:..Mathe s.,...hushand.-and..zai.fe,
<br /> ' , ' .�Aintly.._and::;each:.3n._their--°r°m--r1-&hte----- --------- •.--•---------•--------- .....,................. ......... ...:...--.._
<br /> ; of_.::.,Gxand._Zsa.and:......., County of .... ..__::..Hal1::............. State of...Nebraska.__...,hereinafter referred
<br /> to as'the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> LINCOLN; 1235."N" Street,Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to
<br /> as.Lender.
<br /> ' WiTxEssETx: That the said Borrower for and in consideration of the sum of TWENTY THOUSAND _._
<br /> : SEVEN HUNDREA AND NO/100----------------------------DolIars (US$...,20,700. 00__;
<br /> .......:_.)
<br /> , .... .... ...............................�--- ----------�--.__.._....---....._..._.._...........-----
<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 /> � The East One-Half (Ez} of Lot Three (3), in Block Two (2), � '
<br /> j in Hann's Second Addition to the City of Grand Island, � ,
<br /> Nebraska, being a reetangular traet of ground having an
<br /> east frontage of Fifty-Seven Feet (57' ) on Kimball Avenue
<br /> in said city,`and a depth of Ninety-Five Feet (95')-
<br /> TocETxEa with all the improvements now or hereafter erected on the property, and all easements,
<br /> ; rights, appurtenances, rents, Toyalties, 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 leasehold estate in the event this
<br /> ' ; Mortgage is on a ieasehold) 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 Propezty, 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 restrSctions`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 /> � PsovinEn ALwnxs, and these presents are executed and delivered upon the following conditions,agree-
<br /> f inents and obligations of the Borrower, to-wit:
<br /> �
<br /> � The Borrower a
<br /> grees to pay to the Lender,or order, the principal sum of .TWELI'TY_.TkiQIISAND.SEVEN. '
<br /> „ . .���.�'�.:��.'HO��,.QQ_______________.____________________�01182'8.(u.S�.",�Q.���Q._Q�.._........""""�
<br /> E payable as provided in a note executed and delivered,concurrently herewith,the final payment of principal, .
<br /> s , if not sooner paid, on the------------------1st... day of_ ---.::..S.e.g��mb.�r.--.---.----...,�.2QQ2
<br /> � UxiFoxM CovExnxTs.Borrower and Lender covenanL and agree as follows
<br /> A 1. Payment of Principal and Interest. Borrower shall promptly pay when due the pxtincipal of and in-
<br /> < terest on the indebtedness evidenced by the Note, prepayment and late charges as provided in the Note,
<br /> ` j and the principal of and interest on any Future Advances secured by this Mortgage.
<br /> : 2. Funds for Tmces 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 principal'and intere5t are payabie under the
<br /> Note,'until the Note 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 groanc] 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 reasonabiy estimated initially and from time to time by
<br /> Lender on the basis of assessments and bills and reasonable estimates thereof, I.ender shail apply the Funds
<br /> , to pay said tases,assessments,insurance premiums and ground rents. I,ender shall malce no charge for su
<br /> holding-anci applying the Funds or verifying and compiling said assessmenLs and bills. The Lender yhaII
<br /> give to the Borrosver,without charge,an annual accounting of the Funds showing credits and debits to the
<br /> i Funds and the purpose for which each debit to the F'unds was made.The Funds are pledged as additional
<br /> ' � ' security for the sums secured by this Mortgage.The Borrower agrees that the Funds may be held by the � ,
<br /> Lender and commingled;with other funds and the I.ender's own funds and the Lender may pay such items ��,
<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 b 'Lender,to ether with the future montiil • �'
<br /> Y � g y installments�of Funds � �
<br /> � payable prior to the due dates of taxes-assessments, insurAnce premiums and ground rents, shall eaceed
<br /> the smount required to pay said ta%es assessments,insurance premiums and grovnd rents as they fall due, � �}'
<br /> � such excess shall tas, at'Borrower's optaon,either promptly repaid to Borrower or credited to Borrower on ��-�,
<br /> monthly instaliments of Funds. If the amount of the Funda heid by Lender shall not be suific}ent to pay �; �
<br /> ' tases, assessments, irisurance premiuzizs and ground rents as tiiey fali due,Borruwer shaII �ay to l.ender ;� "
<br /> - any amount necessary fo make up the.deficiency isitk�in thirts: days after notice fmm Lender ta Bo�roa�er r, �:
<br /> requesting gayment thereo#, or Borrower shall, by an increase in monthIy inatallments of Funds required,
<br /> repay tt�e deficiency within the Fund accounting period_
<br /> � TJ�mn r,ayment Sn full of ali"sums secured b5�this T�fortgagc,Lendcr shall apply Funds hrld as a credit
<br /> , � against all sums due. �
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