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<br /> �) 1;'�lDI�/IDt�AL �
<br /> i "�'/ DUE ON SALE
<br /> �� �'�"��-_`�'�' OPTIC7NA.L FUTURE ADVANCES
<br />`��'��' g���g�! SAVINGS FUND
<br />._ �- �" aJC L
<br /> �4FORm No.720
<br /> S,
<br /> ��NCo'-N Loan Number____34836___ 188 - 1
<br /> --__------ ---
<br /> . ryoe s.unc�,
<br /> �7- �:�G6U10 NTiORTGAG E
<br /> ' THIS MORTGACE, made and executed this ._..._...��............... day of....._�G.��.. :..... ......_ A_D.,
<br /> ; 19...7.7..::,between the Mortgagor, ....St��a:�r.C..�.....$etz..amd_BaXbaza.As�z.,...husb.anrl._.and..wife,_.�.ointly !
<br /> ` ; ...:and,_ezch,.in,;their._own__.right-'-•--�-•-�-�-----�-----�---._.._....._..,.....----�--..... ........ ..�------•----........_........ ..._._....
<br /> � of...._:Grand_Island,. .,_�County of _..........Hall...,____..,....,State of._Neb.r.aska.....__..,hereinafter referred
<br /> to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> LINCOLN, 1235 "N" Street, Linwln, Nebraska 68501, its successors and assigns, hereinafter referred to
<br /> as Lendex.
<br /> ' WtTxEssETx: That the said Borrower for and in consideration of the sum of THIRTY._SEVEN THOU$AND
<br /> , � EIGHT HUNDRED AND NO/100 -------�--------------------Do?Iars 37 800:00
<br /> ...... ... ..................... . ........ . .... .. . ..._......_ ..........-�------- ...--��--- �US$..... ,.. ... . .._..... .:.)
<br /> paid by said Lender,does nereby azortgage, �rant anci convey to Lender, its successors and assigns; the
<br /> ° ; following described propeTty located in the County of ........ .......Hall ,_, State of Nebraska:
<br /> � Lot Fifteen (15), Block Five (5), in Va1leyView Subdivision in the North
<br /> 2103•O feet of the East Half' (E2) o£ the Northeast Quarter (PTE,�—�) of
<br /> ; Section 22, Township 11 North, Range 9 West of the 6th P.M., Hall Coimty,
<br /> Nebraska.
<br /> TocETxEa with all the improvements now or hereafter erected on the property, and all easements,
<br /> rights, appnrtenances, rents, royalties, mineral, oil and gas rights and profi�s, 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 leasehold) are herein referred to as the "Property".
<br /> Bormwer covenants that Borrower is lawFully�eised of the estate hereby conveyed and has the rigliY.
<br /> to mortgage, grant and convey the Property, that the Property is unencumbered, and that Borrov�er will
<br /> wanant 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 I.ender's interest in the Property,or (2) attorney's npinion of title from abstract of title certified
<br /> f by bonded abstracter.
<br /> Paovinsn Ar,wAY5, and these presents are executed and delivered upon the following conditions,agree-
<br /> ments and obligations of the $orrower, to-wit:
<br /> '; The Borrower agrees to pay to the Lender,or order, the principal sum of�IRTY SEVFN._THQU.S,ANA. '
<br /> �: EIGHT HUNDRED AND:NO/100-----.---------------.-------'-"�ollars (US 5---37,,800.OQ.- . -.------;)
<br /> payable as provided in a note executed and delivered,concurrently herewith,'�he final payment of principal,
<br /> ," if not sooner paid,on the:...1st................ day of__.._.Navemb.ex... ......... _...,a2A_2�fJ.6
<br /> LJNiFoarz Cov�,rrAxTs. Borrower and Leiider covenant and agree as follows:
<br /> L Payment of Principal cmd Tnterest. Borrower shall promptly pay when �iue the principal of and in-
<br /> terest on the indebtedness evidenced �iy the Note, prepayment and late charges as provided in the I`Tote,
<br /> and the principal of and interest on any Fucure Advances securecl by this Mortgage;
<br /> 2. Funds for Tmces and Insur�ce. Subject to Lender's option under parngraphs 4 and n"hereof,$or-
<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 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 pIua
<br /> one-trvelfth of yearly precnium installments for hazard msurance, plus one-twelfth of yearly premium 3n-
<br /> stallments for mortgage insurance, if any, all as reasonabiy estimated initiallp and From time to time 1�y
<br /> ' Leader on t�ae basis af assessments and�ills and reasonable esCimaLes ther�af,Len3e:sha2i a�ply th�Fu:.:ls
<br /> to pay said taxes,assessments,insurance premiums and gzound rents. Lender shall make no charge for so
<br /> holding and applying the'Funde or verifying and compiling said assessments and bills. The Lender shall
<br /> ' give to the Bormwer,without`charge, an annual accounting of the Funds showing credits anci debits to t.he �
<br /> Funds and the purpose for whicfr each debit to the Funds was made. The Eunds are piedged as additional ., �
<br /> security for the sums secured by this Mortgage. The $orrower agrees that the Funds cnay be held by the ��,�.
<br /> Lender and commingled ivith other funds and the Lender's own funds and the Lender may pa,y such items "' -
<br /> ` from its own#unds and the Lender shall not be liable for interest or dividends on such Funds. � �,
<br /> � If the arnount of the Funds held by Lender,together with the-future monthly installments of Funds ;k�,;,
<br /> . payable prior to the due dates of taxes, assessments, insurance premiums and ground rents, shall exceed � `��`°�,
<br /> ; the amount required to pay said taxes,assessments,insurance premiums and ground rents as they falt due, " ' '"
<br /> ' 4uch excesc ahaI1 tie, at Borrower'4 option;either prornptly repaid to Bo�.nwer or credite�to Borrowar on f'"
<br />� monthl,y installments of Funds. If the amount of the Fun�i�held by Lender ahalt not ha su/iicient.tn pav
<br /> taxes,'assessments, insurance'premiums and grourtd rents as they fall due, Borrower shall pay to Lender '�' �
<br /> any amount necessary to make up the deficiency within thirty days after notice from Lender to Borrower
<br /> requesting gayment thereof,or $onower shail, by an increr�se in mont;�:y ir.�ta:l:neats o#i�u�ds :er�uire;, �
<br /> zepss� the deficicncs�tivithin thc Fund accounting perioc3.
<br /> : Upon payment in full of all sums'secured by this Mortgage,Lender shall apply Funds held as a credit �`� �
<br /> rt. against all sum� due.
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