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<br /> INDIVIDUAL
<br /> DUE ON SALE
<br /> � OPTIONAL FUTURE ADVANCES
<br /> �■ SAVINGS FUND
<br /> � FowM No.720
<br /> � u� Loan Number__33048____-188 __--_1
<br /> ,Ya. a..,,;:�
<br /> 77' U07j2� MORTGAGE •
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<br /> THI3 MORTGAGE, made and executed this . /.Z__ day of ��<•rr-�"- _ . A.D.,
<br /> 19....97,between the Mortgagor, . Keq{leCh. �... Ho.b.�ak, -a s1n87.e .p�TSQn.. _ _ __
<br /> ..... _._ _....... ._....__ _-- ..__.. ___ __ _._ ._.. ___ ___._ _._..__. _ . ._ _ _ ___. __ _ __ __ -
<br /> of_Grand. Island,.. _ , County of H�11._ __ _ . ,State of �lebx.aeka ,hereinafter referred
<br /> to as the Borrower, and the Mort.gagee, FIRST FEDERAL SAVI;�'GS AND LOA1V ASSOCIATION OF
<br /> LINCOLN, 1235 "N" Street, Lincoln, Ne,braska 68�i01, its succ•evsor4 and a�signs, hereinafter referred to
<br /> as Lender.
<br /> WITNESSETH: T}78t tlle �;aid Borrower for and in considerat�ion of the sum of THIRTEEN_THOUSAND.
<br /> FIVE HUNDRED AND NO/100- ----- -------------------- � 13 500.OQ
<br /> _ ....__ __ _.... ...__ _ __ _ _ __ __._ _ _ __ _. ._ _ _ . ��ol.arb (US S � ___ ._ )
<br /> paid by said Lender, does hereb,y mortgage, �rant and convey to Lender, its succesaors and asxigns; the
<br /> following described property lacated in the Connty of . klal�_ _ _ ___. , State of Nebraska:
<br /> Lot Eighteen (18), in Block Twenty-five (25), in College Addition to
<br /> West Lawn in the City of Grand Isl�nd, Ha11 County, Nebraska.
<br /> TIX;ETHE6 with all the improvements now or hereafter erected on the property, and all easements,
<br /> rights, appurtenances, rents, ro,yaltiea, mineral, oil and gas riKhta and profits, water, water rights, and
<br /> water stock, and all fixtutes 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 pmperty covered by this
<br /> Mortgage; and all of the foregoing, together with said pmperty (or the leasehold ertate in the event this
<br /> Mortgage is on a leasehold) are herein referred to as the "Propert,y".
<br /> Borrower covenants that Borrower is lawfully seised of the estate hereby corneyed and ha�; the right
<br /> to mortgage, grant and convey the Property, that the Property is unencumbered, and that Borrower will
<br /> warrant and defend generally the title to the Propert,y againFt all claims and demands, subject to any
<br /> easementa and restrictions Listed in a schedule uf exceptions to coverage in any title inyurance policy in-
<br /> suring Lender's intereht in the Property,or (2) attorney's opinion of title fn�m abstract of title certified
<br /> by bonded abstracter.
<br /> P�OVIDED ALWAYS, and these prer,ents are executed and delivered uEwn the following conditions,agree-
<br /> ments and obligations of the Borrower, t�-wit:
<br /> The Bonower agrees to pa,v to the Lender,or order, the principal tium of THIRTEEN THOUSAIVI� FIy�
<br /> HUNDRED.AND NO/100----- ----------- --------------Dollars (l�S $ 1.3,500.00._ _ )
<br /> __ __ _ ._. __ __._. _
<br /> payable as provided in a note executed and delivrred, concurrently herewith,the final payment of ptincipal,
<br /> if not scwner paid,on the__ lst _ _. day of _ _ Ssauary .RH?003
<br /> UNIFORM CUVENANTB. BOiM)WE'!8II[�IRRdE!COV@AHRE and agree as follaws:
<br /> 1. Pay�nent ot Principal �d Intsre�t. Borrower sha❑ promptly pa,Y when due the principal of and in-
<br /> terest on the indebtedness evidenced by the Note, prepayment and latr. charges as provided in the Note,
<br /> and the principal of and interest on any Future AdvanceF�ecvred by this !�iortgage.
<br /> 2. Fuads for Taues and Insur�ce. Suhject to Lender'�opt.ion under paragraphs 4 and.� herc��f,Bor-
<br /> mwer shall pay to Lender on thr day monthlv installments of principal and interest are payabte under the
<br /> Note, until the Note is paid in full, a sum (herein "Funds") eyual to one-twelt'th of the yearly taxrn and
<br /> seaesements which may attain priority over this Mortgage, and �round rent� on tt�e Property, if any plu�
<br /> one-twelfth of yearly premium installments for hazard insurance, plus un��-twelfth uf Yeatly ptrmium in-
<br /> s#sllments for mortgage insurance, if anv, all ah reasonabiv E•�timated initiallv and from timt• to time bv
<br /> Lender on the basis of assessrnents and billc and reasonable estimates t.hereof, Lender shall applv t.he Fund�
<br /> to pay said ta�c�,aseienaments,insuranc�e premiums and qmund rentK. Lender shall make no charge for rw
<br /> holding and applying the Funde or verifying and compiling Faid ar�sments and bills. The Lendrr sha❑
<br /> give to the Borrower, without charge,an annual acc�unting of the Funds showinq c•reditx and debits to the
<br /> Fu�ds and the purpose for wl�ich each debit to the Funds was made. The Funds arc� pleciged as additional
<br /> security for the sums secured by this Mortgage. The Borrower agrees that the Funds mav be hetd by the
<br /> Lender and oommingled with other funds and the Lender's own funds and the Lender may pav such item�; „'�.
<br /> from its own funds and the Lender shall not be liable fur interest or dividend� on euch Funds. ��' ;�
<br /> If the amount of the F�da beM by Lender,together with the futue+e monthly insta!lments of Funds
<br /> t`
<br /> � payable prior to the due datee of tues, saee�menta, iesunnce premiume and ground rents, �hali exceed
<br /> tl�e amount uirad to ��'
<br /> ='B4 Y aaid tszee,aesesements, insurance premium�end ground rentu as they falt due. ,.�w:
<br /> auch e�ce�s e�hrll tre,ut�&ue�war�u optiatt,eitber prom y �� to f3�rrower or c-red�ted to tiormwer on
<br /> teoxrthiy insta!lmeats of Funds. If Lhe su�uant ut Ll�e�tuta}e lwld Ly I.�nirr�}wll nut l�r xullii•irn� tu�y
<br /> taxes. aseeeaments. iasurnncae pnemiums and �Couad nent� as they fali dur, Borrower r;lull paY to Lender
<br /> �Y��1t t�ec:eeaary to make up the de&c�eney witifin thirty days after notice from Lender to Boerower �
<br /> reauestin�pa ysnent thereot, or Sor�owet slnit, bY aa itscresse in month(v inKtallmkntr,of Funds rc�yuired.
<br /> rewy tl�e deficiency nnthu� the r•und aocounting period.
<br /> Upon payment in full of all sume secured b,y tl�is Mortgage, L.ender shall apph•Fundr hrld nti a�•redit
<br /> againat, all eume d�. �
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