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<br /> _ 1NDIVIDUAL ;
<br /> :' ° DUE bN SALE ,
<br /> ��''' OPTIONAL FUTURE ADVANCES
<br /> ' ,�� SAVINGS FUND
<br /> : �I�� FoRrn No.720 � �. � � ..
<br /> � �� Loan Mumber__�4443 __-_ 188_ -_��1�� ,
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<br /> 77-" O0�015 MORTGAGE tt
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<br /> �' THIS MORTGAGE,made and executed this ..... .. � , ry
<br /> + .�'/ day of::.:. ��:y u'.`:.!.`.. ,... A.D.,
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<br /> a 19__.� between the Martgagor,...I�Y.���...�+.-.-�oakaxsl:..ansi_.Hancy--T,;..To.ckas.d*--hwsband..and.�ife.,_ ' '
<br /> �oint�y and`each in C�e�i' o�._.x7�Bkit�: .. ...--- ---�---- -----�-- ------------- �
<br /> ` � of ....._,Grand_Island:_._.., County of ::.... --.H¢.17.....:::......... State of_:.Hsb.raska_.....;>hereinafter referred ' '
<br /> ; ; to as,the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN AS$OCIATION OF ;
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<br /> LINC9LN, 1235 "N" Street, Lincoln, Nebraska 68501,its successors and assigns, hexeinafter referred to
<br /> . � as'Lenden , .
<br /> � WiTxsssE2fx Th t the sa�d Borrower for and m consideration of the sum of FORTY QNE TIiOjT$�jp �'
<br /> ' . SIX Ht7NDRED AND NO�100 .... ...--�ol.ars (US$...41�600 00.,--. • -------) ` '
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<br /> � � paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br /> � � ' following described property located in the County of ..:. .: Hall................:..._.� State of Nebraska: ! I
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<br /> LL � Lot Four {�+), in Western Heights Second Subdivision,
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<br /> � Hall County, Nebraska.
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<br /> � � TocsTxEs with all the improvements now or hereafter erected on the property, and all easements,
<br /> � .� rights, appurtenances, rents, royalties, minerai, oil and gas rights and profits,,water„v�ater rights, and
<br /> water stock, and all fixtures now or hereafter attached to the property, all of which, including replace-
<br /> f inents and additions thereto,shall be deemed to be and remain a part of the property covered by this i
<br /> ` Mortgage; and all of the foregoing,together with said property(or the leasehold estate in'the event this .`
<br /> . � Mortgage ia on a leasehold) are herein referred to as the "Property". ;:
<br /> � ' Borrower covenants that Borrower is lawfully seised of the estate here}�y conveyed and has the right '
<br /> j to mortgage,grant and convey the Property, that the Property is unencumbered, and that Borrower will
<br /> x warrant and defend generally the title to the Property against all claims and demands, subject to any
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<br /> � easements and restrictions listed in a schedule of exceptions to coverage in any title insurance policy in-
<br /> � . suring Lender's interest in the Property,or (2) attorney's opinion of title from abstract oF title certified ,
<br /> ; � by bonded abstzacter. . ; '
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<br /> PEOVIAED��ALWpYB and�these presents are��executed and delivered upon the��following conditions,Agree- �� ' �: , �,
<br /> ; � ments and obligations of the Borrower,to-wit:
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<br /> ' � The Borrower agrees to pay to the.Lender,or order, the principal sum of..�R�__.P.NE:..T.HQITS9iQD__..._
<br /> ` SIX_HUNDRED_;AND NO/100-.---------- --------- ._._......-Dollars (US g:--.4�_,.6.QQ_O.Q.: ..--'•---.�
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<br /> ' ,payable as provided in a note executed and clelivered,concurrently here�th,the final payment of principal, .
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<br /> if not sooner paid, on the..:..:.k'k�'�:�-,--:--.:day of --•-•Sept ..:..... ... ..............7�2..QQb
<br /> ' UxiFoxM CovExnrrrs, Borrower and Lender covenant and agree as foliows:
<br /> 1. Payment of Principal and Inie�rest. Bor#ower 3ha11 promptly pAy when due the principal of and in-
<br /> terest on the indebtedness evidenced by,the Note;prepayment and late charges as providec� in the Note,
<br /> ' and the pnncipal of and interest on any Future Advances secured by this Mortgage. '
<br /> ' 2..Funds for Taxes aad Insurance. Subject to Lender's option under paragraphs 4 and 5 hereof,Bor-
<br /> rower shaIl pay to Lender on the day monthly instailments af principal and interest are payable under tl�e
<br /> ' ` Note,,until the Note is paid in full,a sum (herein"Funds") equal to one-twelfth of the yeariy taxes and
<br /> ` 4 assessments which may attain priority over this Mortgage, and ground rents on the Property; if any plus '
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<br /> one-twelfth of;yearly premium installnnents for hazard insurance, pius pne-twelfth of yearly premium in-
<br /> stai3ments for mortgage insurance, if any, aiI as reasonably estimated initiall,y and from time to time by
<br /> Lender on the'basis o£assessments and bills and reasonable estimates thereof,Lender shall apply the Funds
<br /> to pay saifl taxec�, assesFments,insurance premiums an�i ground rents.'L.ender shall make no rharge for so
<br /> hoiding and applying the Funds or verifying and compiling said assessments and bills. The Lender shall
<br /> , � give to-the Borrower,;without char$e;an annval accounting of the Funds showing credits and debits to the
<br /> Funds and the'purpase#ar which each debit to the Funds was made. The Fnnds are pledged as additional
<br /> aecnrity foz the,surns secured by this Mortgage. 'T'he Borrower agrees that the Funds may be held by the §
<br /> Lender and comuxingled with other#unds and Lhe Lender's own funds and the Lender may gay snch items
<br /> " ��from its own funds and��the T.ender strall not be liable for interest or��dividencls�on such��Funds. � � � �� �� •�. -� ` � ��
<br /> If the amount of the Func#s.held by Lender,together with the future monthly installments of Funds 4�` �r �
<br /> payable�rior to.t}se due dates of ta.xes,assessments, insurance;premiums and und rents, shali exceed �� �
<br /> � the amounit required to pay said tases, aasessments,insurance premiunns and gro�d rents as they fall due, ����.
<br /> z suCti excess shall be,at$orrower's optaon,either promptly repaid to Borrower or credited to$orrower on �`�t:
<br /> monthly inatsllments of Fund's: If the amount bf the-Funds held by Lender shall not be sufficient to pay
<br />� taxes, aesessments,. insurance premiums end'gtound rents as they fall due, Borrower shaII pay to Lender °"` '
<br /> suny xu�auu��ueceasary tp rna�se,up the deficiency within thisty days after notice from Lender to 13orrower ; �
<br /> _. requesting payment thereof, or Borrower shall;,by an inorease in monthly installments of Funds required, '""" �
<br /> � repay t�ie de&ciericy within the Fund accounting period;
<br /> U►ruu ��yuiCttf.in fuIi�t rill sums secured by this Ivlortgage,Lender:shall apply F`unds held as a credit
<br /> j againet all sums due.
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