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<br /> � �
<br /> INDIVIDUAL -
<br /> DUE ON SALE
<br /> OPTIONAL FUTURE ADVANCES
<br /> SAVINGS FUND
<br /> � Foww No.720 _
<br /> Loan Number___35229__—__188 -- 1
<br /> TYD< Br�n[�
<br /> 77. 007281 MORTGAG E
<br /> THIS MORTGAGE, made and executed this __-_ .. .._...___.�6 day of .�`.�':t:�<�'��... .. A.D.,
<br /> 19...�f,between the Mortgagor,......R4k.eFt..G...H�PBVl.d,..a �i�gJ��.pexson..and..]?ebss..A. .Levi_s.
<br /> s,__aingle._person,___�ointly.and__seyerally..and_.e.a.ch. in__their_oyn,.Xig��___,.__._ _...,___..._.
<br /> of .. .....Grand__Island. _._. County of _._ _. ,State of
<br /> Hall _.N�bxaslca ,hereinafter referred
<br /> to as the Borrower, and the Mort.gagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> LINCOLN, 1235 "N" Street, Lincoln, Nebraeka 68501, ita succe�;r,or�: and assign5, hereinafter referred to
<br /> ae Lender.
<br /> W1TNE86ETH: TFIHL tI]C said Bozrower for and in consideration of the sum of . .11ixATX...QNE....__...___
<br /> 'IIiOUSA,ND_ 7WO. HUNDRED_AND NO/100----------.--.------.---..-Dol:arc (US$_.3x,-2.Q9..OQ__._....__._. )
<br /> paid by said Lender, does hereby mortgage, grant and convey to Lender, its euccessors and arsigns; the
<br /> following described property located in the County of . ...... k]all_ _ __ _._.._._ , State of Nebraska:
<br /> The East Half (Ez) of Lots Eleven (11) and Thirteen (13) in Block Twenty-
<br /> eight (28) in Gilbert's Third Addition to the City of Grand Island, Hall
<br /> County, Nebraska.
<br /> TOGETHEB W1L}1 all the improvements now or hereafter erected on the property, and all easements,
<br /> rights, appurtenances, rents, royalties, mineral, oil and gas rights 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 /> ments and additions thereto, ehall be deemed to be and remain a part of the pmperty covered by thie
<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 "Pmperty".
<br /> Borrower covenants that Borrowet is lawfully aeised of the estate hereby conveyed and has the right
<br /> to mortgage, grant and conve,y the Pmperty, that tihe Property is unencumbered, and that Borrower will
<br /> warrant and defend generally the title to the Property againet all claims and demands, subject to any
<br /> easements and rectrictions listed in a echedule of exceptions to coverage in any title insurance policy in-
<br /> auring Lender's interest in the Property,or (2) attorney's opinion of title from abstract of title certified
<br /> by bonded abstracter.
<br /> P80VIDED ALWAYS, and these presents are executed and delivered u�n 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 _'�HI.R1X ONL 1HQUSAIID
<br /> 17�IU_Hll�i1�AF.A..,AD1A.._NO/100----.----.-----.----.-.-----------Dollarr (US$. 3.1.2�Q..QO._._ _.__- )
<br /> payable as provided in a note executed and delivered,concurrentiv herc�with, the final�payment of principal,
<br /> if not sooner paid,on the. . ._.lst _ day of ___ _ .Januery �y 2007
<br /> UNitroQni CoveNwxn. Borrower and Lender covenant and agne a� folluw�::
<br /> 1. Payrasnt of Pruscipal�d Inbrea4 Borrower shall promptl,Y pay when due the principal of and in-
<br /> terest on the indebtedness evidenced by the Note, prepayment and late charges aF pmvided in the 1Vote,
<br /> and the principal of and interest on any Fut,ure Advances aecrured by thiti Mortgage.
<br /> 2. Funds for Taxes end Iasurmiee. Subjec•t to Lender's option under para�raph�A and 5 hereof. Bor-
<br /> rower ahall pay to Lender on the day monthly installmente of principal and intrretit are paYable undrr thr
<br /> Note, until the Note is paid in full,a sum (herein"Funds") eyual to one-tw•rlfth of the ��early taxrs and
<br /> aesesements which may attain priority over this MortgaRe, and ground rent�; on the Property, if anv plu�
<br /> one-twelfth of yearly premium installmentr for hazard insurance, plu� one-twelfth of ��earl}� premium in-
<br /> stallments for mortgage insurance, if any, all as reaeonably eFtimatc�ci initially and fmm time to fime bv
<br /> Lender on the basis ot a��nienta and billa an�rabi;unablr entiinat,ee thrreut, Leniler nhall a}�Nly t.he N un�lh
<br /> to pay eaid taxes, aeaessments,insurance premiuxna and ground rents. Lender shall makr no charge fur uw
<br /> tioldin$ and apglying the Funds or verifying and compilinq said asc,e,rsments and bill�;. The Lendrr�hall
<br /> give to the Borrosver, without charge, an annual acrounting of the Funds showing crndit.s and debits to the
<br /> P�nda$nd the purpose for which each debit to the Funda wac made. ThP FundF are pledged aF additional
<br /> aecurity for the eums eecured by this Mortgage. The Borrower agreex that the Funds may t�held bY the �`�.
<br /> Lender and commingled with other funds and the Lender's own funda and the Lender may pmy such items -.�^•
<br /> from its owa funds and the Lender ehall not be liable for intere�st or dividende on such Funds. t;
<br /> If ttbe amount of the Funde held by Lendes,together with the future monthly inetallment� of Funde '��
<br /> paS'able prior to the due dates of ta:es,aseessmenta, insuraace prexniume and ground rents, �hall exceed
<br /> the aa�ai�t='e4W��pa Y �d tazes> aaeeeementa�,ineurance premiume and ground rent�ax they fall due,
<br /> stx'h ezce�w whsil 1�e,at Horrower's option,eitiser promptly� repaid to Eorrower ur creditkd tu Burr�wrr ..n
<br /> tnonthly insLa�lments of Funde. If t.iw sm�ant of the Fuads held by Lender ahall not be,utficicnt to psy
<br /> tazee. ae�emeata, ittsutanoe premiums and grotmd eeats ae they fall due, Botrower ehali pay to Lendrr »
<br /> any amount neoeeauy to make up the deAciency within thirty dsys after notioe from Lender to Borrower
<br /> requeetini payment thereof, at Borrowet shall, by an incresee in monttily inxtaliments of Funds reyuired,
<br /> repay the deAciency within Lhe FunJ Yw:uuuL"ui� Nrriu�i.
<br /> Upon ptyment in full of sll sume secured by thiR Mortgage,I.ender�hall apply Fundti hrld a�a i•r�iit �
<br /> aqainst all sums due.
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