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<br /> INDIVIDUAL
<br /> DUE ON SALE
<br /> Fl�'r OPTIONAL FUTURE ADVANCES
<br /> �� . F pM'No.SZ�FUND
<br /> I V��N Loan Number_35060____—__188_—__1__
<br /> Troc e�:ncn �
<br />� ; 77- UG6'772 MORTGAGE :
<br /> THI3 MORTGAGE,made and executed this............/..1�...............day of yF�9�??�p.:t:....A.D.,
<br /> 19.7�.,between the Mortgagor,....Gux.t.�,S..A.�...Ho1zW.q,rth..and..Fay..J..,Holzworth_,,.husband_.and„wife,
<br /> .......�oinzZY...and...�a�h...i.n...t.h�;tx..own...�ight............... ......... ......... ......... ......... ..............
<br /> ' of.----.G.r.�Ra...xs�,and........,County of...........Hall....................State of....Nebraska......,hereinafter referred
<br /> to ns the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> LINCOLN, 1235 "N"Street,Lincoln, Nebruska 65501, its succe�.sors and ns.signs,hereinafter referred to
<br /> � ns Lenden
<br /> WtTxssseTx: That the snid Bonower for and in consideration of the sum oi..'�'�ENTY FOUR THOUSAND
<br /> .............•-----......
<br /> ..ANA..NQ/.100----.-----.-----.---..-.:.---.:.-,---.:.-------,----.---DoL'ars(US 5......24,000.00...............)
<br /> paid by said Lender,does hereby mortgnge,grunt and convey to Lender, its successors and assigns; the
<br /> following described property located in the County of..........xall ,State of Nebrnskn: -
<br /> The Westerly Forty-two (42) feet of Lot Three (3� and the Easterly
<br /> Thirty-eight (38) feet of Lot Two (2), all in Slock Three (3) in
<br /> Pleasant ViewL Addii:ion to the City of Grand Island, Hall County,
<br /> Nebraeka. '1h1Pd
<br /> ToceTHee with all the improvements now or hereafter erected on the property, and all easemenGs,
<br /> rights, appurtenances, rents, royulties, mineral, oil and gas rights nnd profits, wnter, water rights, und
<br /> ' water stock, and all fixtures now or hereufter nttached to the property, all of which, including repluce-
<br /> ments nnd 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 estute in the event this
<br /> Mortgage is on A]easehold) nre herein referred to ns the "Property".
<br /> ' Borrower covenants thnt Borrower is lawfully seised of the estute hereby conveyed and hns the right
<br /> to mortgnge,grant and convey the Property, that the Property is unencumbered,and that Borrower will
<br /> wurrant and de[end generally the title to the Property ngainst ull claims nnd demands, subject to uny
<br /> � ensements artd restrictions listed in a schedule o[except.ions to covernge in nny title insurnnce policy in-
<br /> suring Lender's interest in the Property,or (2) nttorney's opinion of title trom aUstract of title certified
<br /> by bonded abstracter.
<br /> �. PROVIDED ALIYAYS� nnd these presents ure executed and delivemd upon the following conditions,agree-
<br /> } ments and obligations ot the Borrower, to-wit:
<br /> The Bonower agrecs to pay to the Lender,or order,the principnl sum ot...T.���T.Y.FOUR TFiOUSAND
<br /> ...............�-�-�---.....
<br /> ..At1R..NQ�.100-.-...---.-----.-----.-----.----,-----,-.----_-----_--Dollars (US 5......24,000,_00................)
<br /> pnyuble ns provided in n note executed nnd delivered,concurrently here�vith,the final pnyment ot principal,
<br /> ;
<br /> if not sooner pnid,on the........1st.............day ot...........December.................., 1Sx.2�06 't
<br /> � UNIFORM COVENANTS.BOCLOWCC attCl L('R(�CT COVQflklilt Al1CI A�*TBC AS{O��OR's:
<br /> ; I. Payment of Principal and Interest. Borrower shall promptly puy when due the principal of and in-
<br /> terest on the indebtedness evidenced Uy the Note,prepupment nnd late charges as provided in the Note, •
<br /> and the principal of nnd interest on uny Future Advnnces secured by this A4ortgnge.
<br /> 2. Funds for Taxes and Insurance. SuUject to Lender's option under pnrngraphs 4 und 5 hercof,Bor-
<br /> rower shall puy to Lender on the dny monthly instnllmenGs of principnl nnd interest nre paynble under the
<br /> Note,until the Note is paid in full,a sum (hernin"Funds") equal to onc-t«�elfth of the yearly taxes and
<br /> assessments which mny attnin priority over this A4orLgnge, and ground rents on the Property, if nny plus
<br /> one-t�r•elfth of yenrly premium installments for hnz�rd insurance, plus one-t.wel{th of yenrly premium in-
<br /> stallments for mortguge insurnnce,if nny,nll as reasonaUly estimated initially nnd from time to time by
<br /> Lender on the bnsis of nssessments and bills and reasonablc eskimntes thereof,Lender shall npply the Funds
<br /> to pay snid tuxes,assessments,ins�rance premiums and ground rents. Lender shall muke no churge for so
<br /> holding nnd applying the Funds or verifying and compiling said nssessments and bills. The Lender shnll
<br /> give to the Borrower,without charge,an annual accounting of the Funds showing credits nnd debits to the
<br /> Funds nnd the purpose for which each debit to the Funds wus mnde. The Funds nre pledged as additional �
<br /> security for the sums secured Uy this Mortgage.The Borrower agrees thut the Funds mny be held by the -' � �- �;•t
<br /> Lender and wmmingled with other funds nnd the Lender's own funds nnd the I.ender muy pay such it.ems "` �
<br /> fram its own {unds und the Lender shall not be linUle for interest or dividends on such Funds. s` N '='�
<br /> � /
<br /> � If the umount of the Funds held by Lender,together with the future monthly insktllments of Funds �,
<br /> payable prior to the due dates of taxes,asaessments, insurance premiums and ground rents, shnll exceed
<br /> the amount required to puy said tAxes,nssessments,insurance premiums and qround rents ns they(ull due, � `
<br /> such excess shnll be,ut Bonower's option,either pmmptly repaid to Borrower or credited to Borrower on �
<br /> monthly installments of Funds. If the amount of the Funds held Uy Lender shall not be sutticient to pny '
<br /> taxes, assessments,insurance premiums nnd ground rents ns they tall due,Borrower shall pny to Lender
<br /> any amount necessary to mnke up the deficiency within thirty dnys after notice from Lender to Borrower
<br /> requesting pnyment thereof, or Bonower ahall, by nn increuse in monthly insinllmenLs of Funds required,
<br /> repey the deficiency within the Fund accounting period.
<br />� LTi��n PaYment in tull of all sums aecured by this Mortgnge,Lender shnll apply Funds held as a cmdit.
<br />:1 ngnin�t all sums due. I
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