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<br /> � �
<br /> /� INDIVIDUAL
<br /> C DUE ON SALE
<br /> OPTIONAL PtJTURE ADVANGES
<br /> � � SAVINGB FUND
<br /> � Fo.� No.720 ----- ---
<br /> L� N loan Number__ 35069_ - 188 _ 1__.
<br /> �roe e.an�n
<br /> 77-007432 M O R T G A G E
<br /> THIS MORTGAGE, made and execut.ed thie __ __.. _ `�'�day of !��-���n�'�-._. A.D.,
<br /> __ _ ..
<br /> 19..77�.,between the Mortgagor, ..E.1gi�a..L. Gc>cv],pVech.and S2�arrnn .L.. Gowlnvech,-.hushand.and
<br /> w1fe,_jolntly ,and_.�ach...iP..Ch�i�X.�n-_F.iBht.._.._. __ _... _ ... .---__ __.._. __-_..__....
<br /> __ __ _ _
<br /> of .. _Grand _Island___., County of ..._ __-Hal.l_._ _ __ . ,State of Nebr.aska_ _ _,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 successore and assigns, hereinafter referred to
<br /> sa Lender.
<br /> y{� ETH: T}18t the said Borrower for and in consideration of the sum of . THIRTY THOUSAND
<br /> AND Na/��s-- _ .
<br /> ---------------------------------------
<br /> _ __ __ .Dol:arx (LIS$ 30,000.00 __ )
<br /> paid by said Lender, does hereby mortgage, qrant and convey1 tc� Lender, its �ucceesors and assigns; the
<br /> following deacribed property lceated in the County of ._. Ha 1 , Statr of Nebraska:
<br /> __
<br /> Lot Fifteen (15), in Ravenwood Subdivision, being a part of the South Half (S2)
<br /> of the Southeast Quarter (SEu) of Section 13, Township 11 North, RanE?e 9 West of
<br /> the 6th P.M., Hall County, Nebraska.
<br /> T(X;ETHE� Wlt}I all t�he improvements now or hereafter emct�ed on the property, and a❑ eazaements.
<br /> rights, appurtenancer,, rent};, royalties, mineral, oil and gae rights and profit��, water, water rightR, and
<br /> water Rtock, and all fixtures now or hereafter attached to the propert.y, all of which, including replace-
<br /> ments and additions thereto,shall be deemed to be and remain a part of the property covered by this
<br /> Mortgage; and all of the foregoing, together with said property (or the leasehold estate in the event this
<br /> Mortgnge ia on a leasehold) are herein refetred to as the "Pmperty".
<br /> Boreriwer covenants that Borrower is lawfully seiaed of the estate hereby conveyed and has the right
<br /> to mortgage, grant and convey the Pmperty, that the Property is unencumbered, and that Borrower will
<br /> warrant and defend generally the title to the Property against all claims and demands, subject to any
<br /> easements and restrictions liated in a echedule of excr.ption� to coverage in any title insurance Ewlicy in-
<br /> sueing Lender's interest in the f'mperty,or (2) attorney's opinion of title fmm abstract of title certified
<br /> by bonded abstracter.
<br /> P60VIDED AI.WAYB� and these presents arr executed and delivered uEwn the tollowing conditions,agree-
<br /> ments and obligations of the Borrower, to-wit:
<br /> The Bormwer agrees to pay to the Lender, or order, the principal sum of THIRTY THOUSAND,AND
<br /> AID11Q0---r- _ .rr--_ rr.--rrr----r --c----rr------r-----�ollar�: ll'S $ 3II,QOO..IIO- _ _ )
<br /> payable ae provided in a note executeci and delivered,concurrenth•het�with,the final payment of principal,
<br /> if not sooner paid, on the . 1.St day uf _ J,_i:u�xy ,�!' �9Q7
<br /> UNIFOQM COVENANT�.. BO['1'OWBi and Lender covenant and a�ree as foltows:
<br /> 1. Paymsnt ot Prineipal msd Iatsrost. Bom�wer chall promptly pa�� when due the principal u( and in-
<br /> terest on the indebtednese evidenced by the Note, Exepayment and late charges as providrd in the !�l��te,
<br /> and the principel of and interest on any Future Advances ctxvred bv thi�: �1ortgage.
<br /> 2. Funds ior Taxss�md Iesuranes. Subject. to Lend�r'ti oE�tion under paraRraph� 4 and 5 her�f. Bor-
<br /> rower ahall pay to ixnder on the day monthly inhtallmente of principal and intrtesi are payable undrr the
<br /> Note,until the Note is paid in full,a sum (herein "Fund�+") eyual to one-twelfth of the ��earlt� taxr. �nd
<br /> assesamentr,which may attain priorit,y over this Mortgagr, and ground rents on the Property, if am� plus
<br /> one-tweltth of yearly prrmium iaetallmenta for hazard inwurancr, pluh onr-twrifth of yrarly premium in-
<br /> stallments for mortgaqe ineurance, if any, al! as reasonably estimated initiall�• and fmm time to time by
<br /> Irncler on thr 1w�in uf u.,ar�nnirntti su�d t�ill�and rru�;uuablr r�tici�ute�t}irrruf, Lrn3r.r.,ha2I aN�l� thr Funci�
<br /> to pay said tazes, assessmente,insurance premiutns and �round rents. Lender ahall makP no charge for s��
<br /> holding and aQplying the Funds or verifying and compilinq zzaid aseeasments and bi11F. The Lender shall
<br /> give to the Borrower, wit6out charge, an annual accounting of the Funds showing credit� end debitF to t.he
<br /> Fuside and the purpoee for which etch debit to the Funds wa� made. The Funds arn pled�ed as additiunal
<br /> aecurity for tl�e eums aecared by thia Motkgage. The Borrower age�ees thst the Funds may be held by the
<br /> Leader and co�nmitfgled with other htnde and th�Lender's own funds and the Lxnder ma,y pay such iteme
<br /> frot:i ita own funda and the Lender shall not be liable for intc rest or dividendF on �+uch Fundr. E." �.
<br /> � If the a�ount of the Fundt l�e�d by I.�ude:,tosether w�it2t tl�e future monthly installments of FundK �'
<br /> �Yable priae to tl�e due dates of ta=es, a�eeeataet�te, ineuance pretniu.-ns and ground rentF, shall ezceed '•"'
<br /> the eaiount requie�ed to y�,id tises,areretrertts,ineurance premiums and ground rente ax they fall due. �
<br /> pa es
<br /> eex�lt eacee�e s5al1 be, at Borrower's option, either psomp t!yrepn�d to Borrower or credited to Bormwer��n
<br /> monthly i�tallmentx of FundA. Tf the arrwiunt �f thr Funria hrl� hy i.r�drr ++hall �nt 1�-,:uFfi<•irnl t�� ��av
<br /> ttzes.meesa�ents. inwtaace premietns aatid �routtd rente as they fall due> Borrower Fhall pay to l.ender
<br /> any amo�mt meeeseary to make ap the de�dency�vithia tlurty days atter notice from Lender to Borrower "
<br /> reqaestie►� payment theree�f, or Borro�ve[ shtll, by an inc.,reese in tnoathly inatallments of Funds requirecl,
<br /> repay the deBciency wiLhit► tt�e Futul au;uuntu� yeriul.
<br /> Upon paysneet in full ot all e�me eecared by this Mortgage,Le+�der�hall apply Funds hrld a,a c•redit
<br /> againet all suu�s due. �
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