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� �
<br /> INDIVIDUAL
<br /> DUE ON 3ALE
<br /> � OPTIONAL FUTURE ADVANCES
<br /> SAVINGS FUND
<br /> � �,,,�N FORM No.,2o _
<br /> Loan Number---�51fLL------LQ9 -----3---
<br /> TYDe B�anc�
<br /> 77- L��•�r��G MO RTGAGE
<br /> THIS MORTGAGE,made and executed this . _ `.5�.._. ._ day of _ �.,�-.__ __-__-. .. A.D.,
<br /> 19..'7'1..,between the Mortgagor, .Ray..S._1�1.ahte.r.. Jr._and ,Io Ann..Ri,ch.t.�r,..husb�md aad_wif.e,
<br /> .lsz�.mtlx_.�d.e.a�h...i.a_�he.i�r.. Qym. xi�ht�....................... ___..... . .._..._ ....___ . - - -. _..__ __ ___._....
<br /> �f ..._Grand_.Island_ ......� County of . _.....__..H.a.l],. ___ ..., State of Nekr_�8.ka , hereinafter referred
<br /> to as the Borrower, and the Mortgagee, FIRST FEDERAL fiAVINGS AND LOAN ASSOCIATION OF
<br /> LINCOLN, 1235 "N" Street, Lincoln, Nebrarka 68501, its suc•c•er�;ors and awcigns, hereinafter reFerred to
<br /> as Lender.
<br /> WtTNESSETH: T}18f CI1C said Borrower for and in consideration of t�he sum of . TriI1tTY hll:riT THOUSAi�D
<br /> __.
<br /> AND NO/100-- ----------- ----- --------------------Dol.ars (US $ _38�000 00 )
<br /> _._. ..._.___. _......_ ._. . . _ _ . . _ __ ._ _ ___ _. . ... .
<br /> paid by said Lender, does hereby mortgaqe, grant and convey to Lender, its sucres�von and ax�signs; the
<br /> following described property located in the County of _ Hall , State of Nebraska:
<br /> Lot Twelve (12) in Block Three (3) in Lake Davis Acres Subdivision, Aa11
<br /> County, Nebraska.
<br /> TocE�rt[r:e with all the irnprovements now or hereafter erected on the property, and all easements.
<br /> rights, appurtenances, rents, royalties, mineral, oil and Qa� rir;hts and profits, water, water rights, and
<br /> water etock, and all fixtures now or hereafter attached to the property, all of which, including replace-
<br /> menta and additione thereto, ehall be deemed to be and remain a part of the property covered by this
<br /> Mortgage; and all of the foreqoing, together with �;aid propert}� (or the leasehold estate in the event thiF
<br /> Mortgage is on a leasehold) are herein referred to as the "Property".
<br /> Borrower covenantu that Bormwer iF lawfully seised of the etitate hereby conveyed and has the right
<br /> to mortgage, grant and convey the Property, that the Propert.v iG unencumt�ered, and that Aorrower will
<br /> warrant and defend generall,y Che title to the Property again5t all claimc and demands, subject to any
<br /> easements and reFtrictiona listed in a schedule oC exceptions to coverage in any title inHurance policy in-
<br /> surinq Lender's interest in the Property,or (2) attorney's opinion of title from abHtract of title certified
<br /> by bonded abatracter.
<br /> PBOViDED ALWAYS� and thesr, 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 Lender,or order, the principal sum of THIRTY. EIGHT THOUSA,NI)
<br /> ----- ------------------------�ollars (liS 3 38,,000.00 _. _ )
<br /> A19.R._N0�.1.qo---------- - ._. . -. . -
<br /> payable as pmvided in a note executed and delivered, concurrently herewith,the final payment of principal,
<br /> if not sooner paid, on the _ _.lst. _ _ . day of _ .Derember , k9: 2�
<br /> UNIA'O&M COVF.NANTS. BOTYOWt�r 8I1(I LNRde!COVQil871E and agree as tollow,:
<br /> 1. Paymwnt of Priacipal �sd Interest. Bormwer shall promptly pay when due the principal of nnd in-
<br /> terest on the indebtednesd evidenced b,y the Note, prepayment and late charges ae pmvided in the Note,
<br /> and the principal of and interest on any Future Advances secured by thi�; !�4ortgage.
<br /> 2. Fuads for Taxes�►d Inaur�asce. Subject to Lender'S option under paragraph+ 4 and Fi herc�f, Aor-
<br /> rower ehall pay to Lender on the day monthly installments of principal and intere5t are payable under the
<br /> Note, until the Note is paid in fuil, a sum (herein "Funds") eyuai to one-twelfth of the ��earl�� taxr. and
<br /> aeserements which may attain priority over this Mortgage, ancl Kround rents on the Pmperty, if any plu.
<br /> one-twelfth of yearly premium inetallmente for hazard insurance, plus one-twe�lfth of yearly premium in-
<br /> etallments for mortgaRe insurance, if anv, all as reasonably r.titimated initiallv and from tirnr tu tin�r b��
<br /> Lender on the basis of assersment�and bills and 1'HAFOT1AIl�P PFYIfIIAfP� the-rr�if, Ixnd�r shxll a����ly the Fun�1.
<br /> to pay eaid tazea, aesessments,insurance premiuma and �round rents. Lender Fhall makr. no char�e for so
<br /> holding and applying the Funds or verifying and compiling r,aid a�.cessmenth and bills. The Lender shall
<br /> give to the Borrower, without charge, an annual accounting of the Funds hhowing credits and dehite to the
<br /> Fuads and the purEwse ior which each debit to the Funds was made. The F'unde are pledged as additional
<br /> aecunty for the sums aecured by this Mortgage.The Borrower agrees thut the Funds may t>e held by the
<br /> I�der and commingled with other funde and the Lender's own funde and the Lender mav pay such iteme
<br /> from it8 own funds and the Lender ahall not be liable for interert or dividends on nuch Funds. p�
<br /> t If the atnount of the Funde held by Lender,together with the future monthiy installments of Fund� .�
<br /> {, WYsbie grior ta the due datea of ta=es, aseeesments, insuranee premiums and ground rente, Fhall excejed
<br /> �a�°�pt�'e4�� � Y eald taZee,aseeaaments,insurance premiumR and grnund reats as they fall due. ��Y
<br /> pa e
<br /> such ezcees el�atl be,at Borrower's optaon,either promptly repaid to Borrower or crrditeci to Bormwer on
<br /> moatlily imtit�ILnentei uf Funde. If che amount of the 1�'unde held by L.ender Fhall n�t f.P cutti��iFnt t�, pav
<br /> taze.+. assessazenfs, insuraace pt�einiunie and gt,u�nd n.vits ad they fall due, Borevwer ahall pay to Lender
<br /> any amount neceeaary to make up the de5ciency within thirty daya after notice from Lender to f3�rmwer �
<br /> e'equesting payment thereof, or Bormwer shall, by an increase in monthly installments of Funds rcyuired,
<br /> �WY �e de6ciency within the Fund accountin�t period.
<br /> Upon payment in full of all sums secured by thiR Mortgage, Lender Fhal!applp Fund�held a, a crrdit �
<br /> 8gain8t ell wums due.
<br /> 4�:
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