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<br /> /� INDIVIDUAL
<br /> C � DUE ON SALE
<br /> OPTIONAL FUTURE ADVANCES
<br /> SAVINGS FUND
<br /> L� FO�r No.720
<br /> � Loan Number.__35085______188____�___
<br /> rro� e.a�cn
<br /> 77- �JOf�960 M O R T G A G E
<br /> THIS MORTGAGE, made and executed thie _ .L..._.__ _ . day of _ _.>_l.�i:c.e.r,_��e-�. _ A.D.,
<br /> 19_77..-,between the Mostgagor, --Ilark..L.. Luebke and-�ehorah S.._Luebke� .hushand..and-wife,..
<br /> �o.i.nilx..ans�._each...i,n .theix---o.�rn.x.ight.. ._.. _- .. _ _ . _.. ..
<br /> __.. .. .._... __._.. ._... _...
<br /> of .._.G�sA.d..�sl.and.. , County of _ Hall_. _ _._,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 succe�;orc and ahr,igns, hereinafter referred to
<br /> as Lender.
<br /> WrrN sse'rFt: That Ih �;aid Borrower for and in consideration of the sum of THIRTY TWO THOUSAND
<br /> __. _. .
<br /> THREE H RED AND NO/1�0-----------------------------Dol:ars (US$ 32,300.00 __._ )
<br /> _.... _ ___ _.... .. . _ _ _ _
<br /> paid by said Lender, dces hereby mortgage, �rant and c•onvey to Lender, itc succes�n; and aFsignF; the
<br /> following described property located in the Counky of Hall , State of Nebracka:
<br /> Lot Ten (10), in "Husmran's Subdivision" to the City o£ Crand Island, Hall
<br /> County, Nebr:�ska.
<br /> TOCETHER with all the improvement, now or hereaft.er ere<:t.ed on the pmperty, and all easements,
<br /> rights, appurtenancer,, rent�, royalties, mineral, oil and �as rightF and profits, water, water rights, and
<br /> water stock, and all fixtures now or hereafter attached to the property, atl of which, including replace-
<br /> mente and additione thereto, Fhall be deemed t.o be and remain a part of the property covered hy thia
<br /> Mortgage; and all of the foreqoing, together with said pruperty (or the leasehold etitate in the event. this
<br /> Mortgage is on a leasehold) are herein referred to as t.he "Pmperty".
<br /> Borrower covenant� that Bonower ib lawfully sei.sed of the estate hereby conveyed and has t.he right
<br /> to mortgage, grant and c•onvey the Property, that the Property ie unencvmbered, and that Borrower will
<br /> warrant and defend generally the title to the Propert.y againxt a❑ claims and demandti, subject to any
<br /> ear,ements and restrictions listed in a schedule of exceptions to coverage in any title insurance policy in-
<br /> suring L.e�nder's interest in the Property, ar 12) attorney's opinion of title from abstract of title certified
<br /> by bonded abetracter.
<br /> P60VIDED ALWAYS, and these preti:ents are execut.ed and delivered upon the following conditions,agree-
<br /> ments and obGgations of the Borrower, to-wit:
<br /> The Bonower agrees to pay tu the Lender, or order, the principal sum of THIR'�X.T[dQ..THQllSl�f1U
<br /> THREE_.HI1PIA.R£i?.ANA_NOj100 ----------------------------Dollar� Il?S�+ 32,390.R4.__ _ )
<br /> paveble as pmvideci in a not.e executed and delivered, ccmcurrently herewith,the finul j�ayment of principal,
<br /> if not eooner paid,on the lst �ay ��f December �?_OW
<br /> UNIFY)gM CUVE:NANTB. BOi!'OWei 8rid LBi1(�P!c'(IVenant and aKree as tollow,:
<br /> 1. Payment oi Prineipal and Interest. li��rn�wer �hul! prumptl�� pay when due the principal of and in-
<br /> terest on the indebtedness evidenced by the :1Tute, prrpayment and late charKea a� provided in thf< Note,
<br /> and the principal of and int�rcrt on any Future Advanc�e.sc•curc�d by this 9lortgage.
<br /> 2. Fundr !or Taxea and Insuraaee. Subjec•t tu Lender's option under E�araKra{�h:;4 and :� hereuf, Bor-
<br /> rower shall pay to I.ender on the day munthly installments of principal and intrrest are payable under the
<br /> Note, until the Note is paid in full,a sum (herein "Fundh") eyual tu oni•-iwrlfth of the �•rarly taxr� an�i
<br /> aeseRsments which may at.tain prioritY over this '�lorfgagr, and Kruund rents un the Propert,y, if any plus
<br /> one-twelfth of ,yearly premium installments for hazard intiurance, plu� one-twelfth of �•rarl�- premium in-
<br /> atallment�s for mortgaqe insurance, if any, all a5 rea�onablp� estimated initialh• and from time to time bv
<br /> Lender on the basis of as�;esi;n�ente and bills and reationablr estimates thereof,l.end�r�hall applv the F'und�
<br /> to pay eaid taxe:c, aa�eF�;mr�nt�. inu��rnnce f�rrmium��n� �r�.un� rr•nt�. I.e�n�e�r �ha!! makc� nn �•har�c• for ���
<br /> holding and apptyinq the Funds or verifying and compilinQ said e„se.�;mrnt5 and billr. The I.cnde�r shall
<br /> give 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 FundH was made. The Fundc are pledRed a� adciitional
<br /> �urity for the sums secured by this Mortgage. The 13orrower agreeF that the Funds may be held by the
<br /> Lender and commingled with uther fut►da and the Lender'�;own funda and the I.ender may pa,v auch items �
<br /> from its own funds and the Lender shall not be liable for intere�t or dividends on such Funds. _
<br /> If the amount of the Fuade heid by Lender,together with the future monthly in�tallmente of Funde
<br /> 1 WYg�P�� � tl�e d�dates of tazes,a�sesements, insurance premiums and ground rents. �hall exceed
<br /> the ainoutft required topa y oaid tazes,aa�esements, inaurance preiniums aed ground rents a.s they fail due, .
<br /> such exceeo s}�all be, at Borrower's oQtaon, either promptly repaid to Borrower or credited to Born�wer on
<br /> nwr►thly �natallments uf Funds. If the amount of the Funds held bv I.ender�hall nnt fw cuf�i��iPnt t�ha��
<br /> tues. aseeeeanente, �eu+urance premlums and ground rents as they fall due, Borrower �:hall pa� tu Lender
<br /> a�Y �+»�t ��'�wry tu make up the deficiency within thirty days after notice from Lender to Rorrower
<br /> requestiaa payment thereof, or Bo�rower ehall, by an incr�ae in monthly inFtallment�of Funde required,
<br /> renay the deficiency within the I�nd acrounting period.
<br /> L,'+wu kwyweail iu (ull �f all e�umx socured b,y th►e Mortgage, Lender shatl app►y h'und5 held a,a c•redit
<br /> agsinet a11 Rume due.
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