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<br /> iNDINIDUAL
<br /> DIJE ON SALE
<br /> ��',' OPTIONAL FUTURE ADYANCES
<br /> �� 'SAVINGS FUND
<br /> sFORM N0.720 � � . . .. . . ! �.., �, ;.
<br /> ; L�N��N 32965 — 188 — 1
<br /> � Loan Number-------------------------
<br /> � .... � . . . :rroe e.eoan
<br /> �7- U(349'7�
<br /> � M O R T G A G E
<br /> , THIS MORTGAGE,made and executed this �U day of �� A.D., '
<br /> ' 19..7,7.:._.,betweentheNlortgagor, .Earl_L_,:Hoing_and Janice_.M._ Hoing,_husba,.d__and_,wife.,_;:jointly
<br /> ' ---and each'in.;'their,own; right., .----�.. ....:.:..: .:...... . ........ ...---�- --•------ •• --•---- ..... .......___
<br /> � ,� o{...:'_Omaha.- --.-.-..•----.., County of- --,..I?oy�,l.a,s....: .......:.State of...Nebraska....„hereinafter referred 'i `
<br /> to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> � 3 LINCOLN, 1235 "N" Street; Lincoin, Nebraska 68501, its successors and assigns, hereinafter referred to
<br /> as Lender.
<br /> s' WizxEssETx: That the said Borrower for and in consideration of the sum of .FIFTY:FZVE 'rHOUSAND �'
<br /> AND NO/100 ,--- ........: . :......: ------------------'Dol'.ars (US$_55�000 00 .)
<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 /> �
<br /> ; I,ot Eighteen (18), Le Heights 4th Subdivision
<br /> ' Ha11 County, Nebraska.
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<br /> � Toc�Txsa with all the improvernents now or hereafter erected on the property, and all easements,
<br /> � rights, appurtenances, rents, royaltie.s, mineral, oil and gas rights and profits, water, water rights, and
<br /> ; water stock, and all fixtnres now or hereafter attached to the property, all of which, including replace-
<br /> 'E 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 /> q to mortgage,grant and convey the Property, that the Property is unencumbered, and that Borrower will
<br /> � warrant and defend generaliy 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 in6erest in the Property, or (2) attorney's opinion of title from abstract of title certified
<br /> � by bonded abstracter.
<br /> � Paov[nen ALwAYs, and these presents are executed and delivered upon the foliowing conditions,agree-
<br /> i
<br /> menta and obligations of the Borrower, to-wit:
<br /> ,
<br /> ' j ' The Borrower agrees to pay to the Lender, or order, the principal sum of _FIFTX.:EZVE.:THQIISADill.....
<br /> � E ,AND:-DIO/10II:- --------- ----.-.---------------.----�ollars (US $--SS>ODQ._OD---.:.. .:_.._..�)
<br /> --�--•-----�------• --� ... ...........�- -
<br /> ; payable as pmvided in a note executed and delivered,concurrently herewith,the final payment of principal,
<br /> ', y if not sooner paid,on the ......:.:ls.k..__....._._ day of__..._September................. �._20Q6 `
<br /> �
<br /> UxisoaM CovExnxTs.Borrower and Lender covenant and agree as follows:
<br /> q .. . . . . .. :. . .. . . .. .. . . . . . .. ..
<br /> 1. Payment of Principal cmd Interest. Borrower shall promptly pay when due the prineipal of and in-
<br /> terest on the indebtedness evidenced by the Note, prepayment und late charges as provided in the Note,
<br /> and the principai of and interest on any Future Advances secured by this Mortgage.
<br /> 2. Funds for Taxes cmd Insurm�ce. 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 theNote is paid in fuil,a sum (herein "Funds") equal to one-twelfth of the yearly taxes and
<br /> !' assessments whicM may attain priority over this Mortgage, and ground rents on the ProperGy, if any plus
<br /> one-twelfth of yearly premium instaIlments for hazard insurance, plus one-twelfth of yearly premium in- '
<br /> ' stallments for mortgage insurance,if any, all as reasonably estimaCed initially and from time to time by
<br /> � Lender on the`basis of assessments and bills and reasor.abie estimates thereof,I.ender shall app]y the Funds
<br /> to pay said taxes, assessments, insurance premiums and ground rents. Lender shall make no charge for so
<br /> holding and applying the Funds or verifying and compilina said assesszr�entc and bi??s. T!�e Lenc?er shall .
<br /> ; give to;the Borrower, without charge,an annual accounting of the Funds showing credits and debits to the
<br /> j , Funds and the purpose for which each debit to the Funds was made: The Funds are pledged as additional
<br /> • ; : security for the sums sec:zred by this Mortgage. The Bormwer agrees that the Funds may be held by the �,
<br /> � Lender and commingled with other funds and the Lender's own funds and the Lender may pay such items
<br /> � from its own funds and the Lender shalt not be liable for interest or dividends on such Funds. ��.
<br /> � If the amount of the Funds held by Lender,together with t}�e future monthiy installments of Funds a"
<br /> , . � .
<br /> � payable privr to the due dates of ta$es; assessments, insurance premiums and ground rents, shail exceed ` �.
<br /> the amount required to'pay said taxes,assessments,insurance premiums and ground rents as they fall due, s�k�
<br /> ;� such excess shall be, at Borrower's option,either promptly repaid to'Borrower or credited to Borrower on �`
<br /> � monthly`installments o£ Funds. Tf the amount<of the Futtds held by Lender shail not be suf�'icient to pay ': °
<br /> ; Laxes,:assessments, inaurance premiurns and �round rents as they fall due, Borrower shall naV to I.ender ^ '
<br /> any amount necessary,to make up the deficiency avithia thirty_days after notice from Lender to Borrower "
<br /> - i reyuesi:ing �ayment tbereof, or Borrower shall, by an increase in monthly installments of Funds required, �^�-
<br /> regay the deficiency within the;Fund accounting period.
<br /> Upon payment in full of all sums secured by this Mortgage,Lender shall apply Funds held as a credit
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<br /> � �againsC'�11 buiiie clue. � � �
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