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<br /> INDIVIDUAL
<br /> DUE ON SALE
<br /> �R� OPTIONAL FUTURE ADVANCES
<br /> �� SAV(NGS FUND
<br /> � �FORM NoJ20
<br /> �-�NCO�-N Loan Number___34502__-_188__-_ 1__
<br /> � . . . . .. ... . . � . . : . . . � . ?voe� erancn
<br /> �7- �U525y' M O R T G A G E
<br /> ' THIS MORTGAGE, made and executed this ...._......3.I........... day of _.........���Y.':�� .... A.D.,
<br /> , ; ----�•---- -
<br /> ig----77_�between the Mortgagoi, .-------.nax�.d..A...Haker._�nd_.Joy.ce..R....Ba�c�X>._b.uslz�n.d..and..�z�.f�,----
<br /> , -----..:.,�n.i�tly-.ansi__.ea�h:.�.n..tb:ei,r...o.�n..xighz......---��-----��--�--••--�-��---..................----......-------.._.......:__...-----
<br /> � i of _......Gr�o.d.:I&.l.�c�sl......., County of.......H.�17...... ...__......_...,State of_....Hebxask,a..._.,hereinafter refened
<br /> to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> LINCOI,N_ 1235 "N" Street. Lincaln. Nebraska 68501, its successors and assigns, hereinafter referred to
<br /> as Lendea
<br /> • ' WiTxEsse'rx: That the said Borrower for and in consideration of the surn of �NTY_.EIVE.THOUSAND
<br /> « SIX HUNDRED AND NO/100--_--------------------------Dol.ars (US$.25,600 00_._ ..-----.._..)
<br /> -�- •................._.- ---.,..---....._..._...- --�---......._....---....-------....----..........
<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:
<br /> ; Lot 12 of the County Subdivision of Lots 13 and 16 and part of Lots 8, 11, 12 and l�+ o£ the County
<br /> Subdivision of the Southeast Quarter of the Southwest Quarter of Section 16, in Township 11 North,
<br /> of Range 9; also that part of Lot 17 of the County Subdivision of the Southeast Quarter of the
<br /> Southwest Quarter of Section 16, in Township 11 North of Range 9, described as follows, to-wit:
<br /> Commencing at the Northwest corner of said Lot 17, thence East, along the North line of said Lot, 13 ;
<br /> feet, thence in a Southwesterly direction 14.6 feet to the point on the West line of said Lot, 6.6
<br /> feet South o£ the Northwest corner thereof, thence North along the west line of said Lot about 6.6
<br /> feet to the place of begiruiing; also Lot �+ in Block 4 in Elm Place, an Addition to the City oi
<br /> Grand Island,Nebraska.
<br /> TocE'rx�a with 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 stock, and all fixtures now or hereafter attached to the property, ali 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 /> ' Mortgage is on a leasehold) are herein referred to as the "Property".
<br /> Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has 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 Property against all claims and demands, subject to any
<br /> 4 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 abstracter.
<br /> j PROVIDED ALWAYS� and these 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 ._ �NTY.,FIV$_TBQL7.SA�p
<br /> ; ._...fiIX.I3LINDKEA..AI4A---NQJ1.09---.-.------rr.--.-----.----.-.---.-.'�ollars (US$..25 600.00.. .._...._..)
<br />� i payable as provided in a note exeeuted and delivered, concurrently herewith,the final payment of principal,
<br /> if not sooner paid, on the.....�ixs.�..........._ day of._.....S.egtamb�x . . . __.., 2@z2002
<br /> Ux[soxM CovExnxTs. Borrower and Lender covenant and agree as follows:
<br /> 1. Payment of Principal and Interest. Barrower shall promptly pay when due the principal of and in-
<br /> terest on the indebtedness evidenced by the Note, prepayment and late charges as provided in the Note,
<br /> and the principal of and interest on any Future Advances secured by this Mortgage.
<br /> t 2. Funds for Taxes and Insur�ce. Subject to Lender's option under paragraphs 4 and 5 hereof, Bor-
<br /> mwer shall pay to Lender on the day monthly installments of principal and interest are payable under the
<br /> Note, until the Note is paid in full, a sum (herein "Funds") equal to one-twelfth of the yearly tzxes and
<br /> assessments which may attain priority over this Mortgage, and ground rents on the Propert;y, if any plus
<br /> one-twelfth of yearly premium installments for hazard insurance, plus one-twelfth of yearly premium in-
<br /> stallments for mortgage insurance, if any, all as reasonably estimated initially and from time to time by
<br /> Lender on the basis of assessments and bills and reasonable estimates thereof, Lender shall apply the Funds
<br /> to pay said taxes,assessments,insurance premiums and ground rents. Lender shall malte no r,harge for so
<br /> holding and applying the Funds or verifying and compiling said assessments and bills. The Lender shall
<br /> give to the Borrower,without charge,an annua?accounting of the Funds showing cxeeiits and deoits i.0 tiie
<br /> Funds and the purpose for which each deUit to the Funds was made. The Funds are pledged as additional
<br /> security for the sums secured by this Mortgage. The Borrower agrees that the Funds may be held by the
<br /> Lender and commingled with other funds and the Lender's own funds and the Lender may pay such items
<br /> ' from its own funds and the Lender shall not be liabie for interest or dividende on such Funds. "�*�� '"�=�"•:
<br /> . ., � M
<br /> If the amount of the Funds held by Lender,together with the future monthly instaliments of Funds �+ ''��'``
<br /> � payable prior to the due dates of taxes,assessments, insurance premiums and ground rents, shall exceed -
<br /> the amount rnquired to pay said taxes,assessments,insurance premiums and ground rents as they fall due,
<br /> � such excess shall be,at Borrower's option;either promptly repaid to Borrower or credited to Borrower on
<br /> monthly installments of Funds. If the aznount of the Funds held by Lender shall not be sufficient to pay
<br /> taxes, assessments, insurance premiums and gmund rents as they fall due, Borrower shall pay to Lender
<br />� any amount necessary to mal:e up the deficiency withui tissrty days after notice from Lender to Borrower
<br /> requestind ps3�ment theacaf, or Bor.o�•er shult, by �incrcase in monthly installznents of Funds required,
<br /> repay the deficiency within the Fund accounting period. �
<br />� Upon payment in fuli of all sums secured by this Mortgage,Lender shali apply Funds held as a c:redit
<br /> a ' a�ainst All sums due.
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