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<br /> IfVDIViDUAL
<br /> DUE ON SALB
<br /> FI�R�� OPTIONAL FUTURE ADYANCES
<br /> FE■YG�fr�1L■ SAVING�i FUND
<br /> �� �� � `I��,/�N FORm No.�20 �. . .
<br /> Loan Number__ 33988 __-_ 188 _-__1 __
<br /> j�'1. . � � . . . . . � . . . . . �Tv�e eruncn
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<br /> 77-0�4824 M o R T G i4 G E
<br /> ` THIS MORTGAGE,made and executedthis ._ v��.:.. ......... day of_._.� 4.1.,�1�............. A.D.,
<br /> , 19_7.7---,between the Mortgagor, ..Jam@$..Q.,--:,J�p�w�y:.���i...Qo�o.�hy..j�f,. Ja�ew��hu�k�zlsi..a�d W�.fe
<br /> _. __.Jo-�:�lt�Y..��a--�icl?.:i�..their. own,,right------•-----�-- -.... .
<br /> _....................�--.......-----------.....----..__.........
<br /> ' � of ...._Grand:;Lsland .,_.;_;,County of .:....Hall.................State of . Nebraska;., , ,hereinafter xeferred `
<br /> to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> � LINCOLN, 1235 "N" Street, Lincoln, Nebraska 65501, its successors and assigns, hereinafter referred to
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<br /> as Lendea
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<br /> '; WrrxessETx: That the said Borrower for an�l in consideration of the sum of..TkI_IR�X..Ex�HT._.T,HQUSAND
<br /> ' _F.�_GHT..HUNDRED,,AND_NO/100--.--------------------------.3�7ol:ars (US $....�$_>.$9Q..Q.O.--��----�-�--....)
<br /> paid'by said Lender, does hereUy 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 Southerly 42.9 feet of Lot Five (5), and the Northerly 50.9 feet of Lot Six (6),
<br /> a11 in Block TweZve (12), in Parkhill Third Subdivision, an Addition to the City
<br /> of Grand Island, Ha11 Covnty,Nebraska. '
<br /> TocETx�x with all the improvements now or hereafter erected on the property, and all easements,
<br /> rights, appurtenances, rents, royalties, minerai, 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 cvhich, 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 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 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) attorne,y's opinion of title from abstract of title certified
<br /> by bonded abstracter.
<br /> PeovivEn Ar.wnYs, and these presents are executed and delivered upon the following conditions,agree-
<br /> ments and obligations of the Borrower, to-wit:
<br /> s The Borrower agrees to pay to the Lender, or order, the principal sum of THIRTY_ EIGHT_..�HOUSANI2. ,
<br /> _ ..EIGHT:_HTJA7DI�R--�NA--I�I9_LJQO-----------------------------Dollars (US �-.38 800..9Q.-- .. ---......)
<br /> � payable as provided in a note executed and delivered, concurrently herewith,the final payment of principal,
<br /> ; if not sooner paid,on the --_--1st ._........... day of--.----Septembex.-.__--._---.., 1�_2D42 "
<br /> UxiFoat� CovExnrtTs. Barrower and Lender covenant and agree as follows:
<br /> s L Payment of Pzincipal and Interest, Borrower shall promptly pay when due the principal of and in-
<br /> terest on the indebtedness evidenced by the Note,prepayment and late charges as provideci in the Note,
<br /> and the principal of and interest on any Future Advances secured by this D'Iortgage.
<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 principal and interest are payable under the
<br /> Note,until the Note is paid in full,a sum (herein "Funds") equal t.o one-twelfth of the yearly taxes and
<br /> assessments which inay 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 /> T.ender on the basis of assessments and bills and reasonable estimates thereof, Lender shall appl,y the Funds
<br /> to pay said taxes, assessments,insurance premiums and ground rents. Lender shall make no charne for so
<br /> holding and appiyinb the Funds or ��erifying ar.d coxnpiling said asse��meut� anci bill�_ The Leu3er �hall
<br /> - �nve 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 additional
<br /> security for the sums secured by this Mortgage. The Borrower agrees that the Funds may be held by the
<br /> I.ender and wmmingled with other funds and tl�e Lender's own funds and the Lender maY pay such items tl �
<br /> fmm its own funds and the Lender shall not be liable for interest or dividends on such Funds. y;
<br /> If the amount of the Funds held by Lender,together with the future monthly installments of Funds e�i ��`
<br /> � ��- ' � x
<br /> payable prior'to the due dates of taxes,assessments, insurance premiums and ground rents, shall exceed �
<br /> I� the amount required to pay said taxes,assessments,insurance premiums and ground rents as they fall due, j.
<br /> L such excess.shall be,'at Borrower's option,either promptly repaid to Borrower or credited to Borrower on , ��'
<br /> monthly ins#allments of Funds. If-the amount of the Funds held by Lender shall not be sufi'icient to pay
<br /> taxes,assessments; insurance premiurns and gmund rents'as they fall due, �ormK�er shall ray to Ler.der '
<br /> any amount necessary to mtilce up the deficienev within thirtv davs after notice fmm 7,ender to Rorr�wer
<br /> requesting payment thereof, or Borrower shall,�by an increase in monthly installrnents of Funds required, .�'
<br /> repay the deficiency within the Fund accounting period.
<br /> Upon payment in fuli of all sums secured by this Mortgage,Lender shall applp Fi�n�3�hel�l as a ('TPlj1I.
<br /> � against all sums due;
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