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<br /> � �
<br /> � IfVDIVIDUAL
<br /> DUE ON SALE
<br /> OPTIONAL FUTURE ADVANCES
<br /> SAVINGS FUND
<br /> � FORM No�20
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<br /> Loan Number------?-------1-----1.._.
<br /> rvo� e.•�cn
<br /> 77_ UOF96� M O R T G A G E
<br /> THI9 MORTGAGE, made and executed this . . �f.�. day of /��"?!�'n�P/i-..._ A.D.,
<br /> 19..7.7., between the Mort agor, . . _Rodney E. Fiedler and Tami R. Fiedler� husband and wife,
<br /> g _ _._ _. __..
<br /> jointly and each in their own right
<br /> . . . .......... .........._. _ .. __ __ _. _ . . _..._.--.. ..___ -
<br /> of .__Grand Island , County of Hall _, ._ , State of Nebraska ,hereinafter referred
<br /> to as the Borruwer, and the Mortgagee, FIRST FEDF.RAL SAVINGS AND LOAN ASSOCIATION OF
<br /> LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its succee,sore and a�signs, hereinafter referred to
<br /> as Lender.
<br /> WITNESSETH: TF18t C}lf said Borrowet for and in consideration of the sum of .�?ENTY__1W0„THOUSAND
<br /> FIVE.,HUNDRED_AND. NO/100------ ------ ----- ---------n�l:ars (US� 22,500.00
<br /> _ __... _ . _ _ ___ _ .... . ._ )
<br /> _ _ _ _. .
<br /> paid by said Lender, does hereby mortgage, �rant and convey to Lender, its successors and assigns; the
<br /> foAowinq de�cribed property located in the County of .. Ha 11 , State of Nebraska:
<br /> Lot One Hundred Thirty-six (136), in Buenavista Subdivision, an Addi.tion to the
<br /> City of Grand Island, Hall County, Nebraska.
<br /> TCX;k:THER with all the improvement� now or hereafter erected on the property, and all ea.sements,
<br /> rights, apputtenances, renta, royalties, mineral, oil and gas rights and profits, water, water rights, and
<br /> water etock, end all fixtures now or hereafter attached to the property, all of which, includinq replace-
<br /> ments and additions thereto, shall be deemed to be and remain a part of the pmperty 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 /> Botrower covenants that Bormwer is Iawfully seised of the estate hereby conveyed and has the right
<br /> to mortgage, grant and convey the Property, that the Property is unencumbernd, and that Bozrower wil!
<br /> warrant and defend generally the title to the Property against all claims and deman�i�, subject to any
<br /> easements and rectrictione lirted in a rchedule of exceptions to coverage in any title insurance policy in-
<br /> suring Lender's interest in the Pmperty, or (2) attorney's opinion o[ title from abstract of title certified
<br /> by bonded ab�tracter.
<br /> PQovtuep ALWAYB� and these presents are executed and delivered upon the following conditions,agree-
<br /> ments and obligations of the Borrower, to-wit:
<br /> The Borrower agrees to pay to the I.ender, or order, ihe principal Sum of �1ENTY,TWO_THOU$AND_
<br /> _FIYE.HUNIIRED.AND..N.QI.IOQ -r-------- ---------------Dollars (US5-. 22,500.00 )
<br /> _ _ _ _. . _ _..
<br /> pa,yable as provided in a note exec:uted and delivered,concurrently herewith,the final payment of principal,
<br /> if not eooner paid,on the lst- day of _ December , ic9: 2006
<br /> UNiFY)RM C��()VENANTS. B[/rC()WC+I fiil(� I.L[IdeT COVe11811C and agree as follows:
<br /> I. Payment of Principal mad Iaterest. Bormwer shall promptly paY when due the principal of and in-
<br /> terest on the indebtednesF evidenced by the Nute, prepayment and late ch�rges as Nrovided in ihe Note,
<br /> and the principai of and interest on any Future Advances secured b�� thiti '�7ort�age.
<br /> 2. Funda!or Taxes and Ixasur�ce. Subjec•t to Lender', option under para�;raph5 4 and 5 htreof. Bor-
<br /> rower shall pay to Lender on the day mc�nthh• inatallments of principal an<1 intrrest.xre payable unJer the
<br /> Note,unti! the Note is paid in full,a sum (herein "Fundh") eyual to onc•-tk�elfth of the �early taxr� and
<br /> assessments which may attain priorit,y over this Mort�age, and Kround rents on the Property, if any plus
<br /> one-twelfth of yearly premium installments for hazard incuranc•e, plus one-twelfth of yearly prrmium in-
<br /> staliinents for mortgage in5utance, if any, all aa reasonahly estimated initiallv and from time to time by
<br /> Lender on the haFis of aeresementa and bills and reaconable e,timate�thereof. I.endrr�hall applv thr Fun�i�
<br /> w �y �id t,uuY�, ae�e�inentti,insurance prem�ums and Rmund rents. Lender shall makc� no charge for �o
<br /> holding and applying the Funds ur verifying and compiling said as.:esements and bills. 'I'he lxnder shall
<br /> give to the Borrower,without charge,an annual accounting of the Funds showin�credits and debit�to the
<br /> Funde and the purpose for which each debit to the Fands was made. The FundL;are pledKed as additional
<br /> aecu:ity for the sums secured by this Mortgage. The Borrower agrees that the Funds may be hrld by the �
<br /> Lender and commingled with other funde and the Lender'N own funds and the L.ender may pa,y�uch item� �
<br /> from its own funds and the Lender shatl not be liable for interest or dividends on such Fund�.
<br /> 1 If the amwint of the Funda held by Lender,together with the future monthly installments of Fundh
<br /> � P�Y=�P�r to t�e due dates of taxes,aseeesments, ineurance ptemiums and ground renta, shall exceed
<br /> W�e u°°�nt re9wretl topa Y eaid tazes,aeseaetnents,insurance premiums and ground rents as they fal!due,
<br /> such ezceaa sha11 be,at Borrower's option, either promptly repaid to Borrower or rredited ko Borrower on
<br /> monthly iastallmeflts of Funds. If thr amuunt uf thr Funda held by I.endrr shall n��k b��uNi�•��nt t�i pav
<br /> ta:ex, s«awu�mrntA, inaureiace premiums aad ground rents ae Lhey [xU Vur, Burn.wer shall }�xy w Lender
<br /> aify amount neceeeary to make up the de8ciency within thirty days after notice from Lender to Bormwer
<br /> e�equestiea payment thereof, or Borrower shall, by an increase in monthly inetallments of Funds n�quired,
<br /> �WY ��C��+cy within the Fuad acrounting period.
<br /> L1pon paymeat in full o(all sume ciecured bV this Mortga�e,I.ender Fhall apply Fundti he�ld a�a credit �
<br /> aqainst all sums due.
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