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<br /> INDIVIDUAL
<br /> �� DUE ON SALE
<br /> FIRST OPTIONAL FUTURE ADVANCES
<br /> ��� SAV(NGS FUND
<br /> �'��� FORM No.720 _ . .
<br /> � Loan Number__34557-------188- -1---
<br /> � TyPc Uranch
<br /> ��- C?C15�R2 M O R T G A G E
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<br /> , ' THIS MORTGAGE,made and executed this . ....1.�............._...day of ......`�-`>e.�:�.�.�.1a e.r...... .1.D.,
<br /> , 19___...7.7„between the Mortgagor, ....�ames._L,.._Harder, a,.s.ingle person
<br /> ' ----�........... ...................... ....•- �---�-----.............-�-----......--�---- --.... ..... .__...-�-� ---�-------_.....---�-----.........--�------
<br /> ...
<br /> of:...Grand Island , County of .......Hall ; . .,State of..Nebraska .� hereinafter referred
<br /> ---•�---.......
<br /> to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> LINCOLN, 1235 "N" Street, Lincaln, Nebraska 68501, its siaccessors and assigns, hereinafter referred to
<br /> as Lender.
<br /> WiTxEss$Tx: That the said Borrower for and in consideration of the sum of .T�^�ENTY.SEVEN.,TFIOUSAND '
<br /> , ANl)..AtOl.1D.0.---cr..--c----c------r..---------.------_-----.--.Dol.ars (US$� 27,.000_.00.--......._.......)
<br /> paid by said Lender, does hereby mortgage, grant and convey to Lencier, its successors and assigns; the
<br /> = following described property located in the County of ........_Hall___..... ... . .....� State of Nebraska:
<br /> Al1 of Lot Nine (9), in the Subdivision of Block One (1), Vine Hi11 Subdivision, an
<br /> Addition to the City of Grand Island, Nebraska, and a part of Lot Eight (8), in the
<br /> Subdivision of Block One (1) Vine Hi11 Subdivision, an Addit on to the City of Grand
<br /> Island, Nebraska particularly described beginning at a point, said point being the
<br /> Northeast corner of said Lot Eight (8), thence West on and upon the lot line of I,ot
<br /> Eight (8), and Lot Nine (9), to the Northwest corner of Lot Eight (8) thence South
<br /> along and on the West 1ot line of Lot Eight (8), a distance of Ten (10) feet, thence
<br /> Northeasterly in a straight line a distance of 115.7 feet to the point of beginning
<br /> all in Grand Island, Ha11 County, Nebraska.
<br /> 'I`ocETH�a with ail the improvements now or hereafter erected on the property, and all easements,
<br /> rights, appurtenances, rents, royalties, mineral, oil and gas rights and profi�s, water, water rights, and
<br /> water stock, and all fixtures 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 pro�erty covered Uy 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 ]easehold) 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 /> easements and restrictions listed in a schedule of esceptions to coverage in any title insurance policy in-
<br /> suring Lender's interest in the I'roperty, or (2) attorney's opinion of title from abstract of title certified
<br /> � by bonded abstracter.
<br /> Pxovin�n ALwnvs, and.these presents are executed and delivered upon the following conditions,agree-
<br /> i' ments and obligations of the Borrower, to-wit:
<br /> The Borrower agrees to pay to the Lender, or order, the principal sum of ...'�.�NTY_..$_�V�N...'�HQUSADT?�
<br /> : .A.NP..N91.100-----.---------,_,----_---------------------- 2 7,000.00
<br /> _. .--�-�-----��------------ -._....Dollars (US � ----.._.... ----......... -- �
<br /> payable as provided in a note executed and delivered, concurrently herewitli, the final payment of principal,
<br /> � if not sooner paid, on the _.._..... �st_____ day of.......Septemb.�r... .............. ]�;__2092
<br /> � UxiFoara CovrNArrrs. Borrower and Lender covenant and agree as follo�vs:
<br /> 1. Payment of Principal and Intezest. Borrower shall proinptly pay �vhen 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 securecl by this Mortgage.
<br /> 2. Funds for Taxes and Insurance. Subject to Lender's option under paragraplis 4 and 5 hereof, Bor-
<br /> rower shall pay to Lender on the day monthly installments of principal and interest ai•e payable under t:he
<br /> Note, until the T�Tote is paid in full,a sum (herein "Funds") equal to onc:-twelfth of i.he yearly taxes and
<br /> assessmen�s which may attain priority over this Vlorigtige, and ground rents on the Property, 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 gr�und rents. Lender shall mal:e nu charge for so
<br /> holding and applying ihe Funds or verifving and eompiling said a��e��;ment5 and hillc ThP T.,Pncic�r tihall
<br /> give to the Borrower, without charge, an annual accounting of the Funds showing credits and debits to the
<br /> IF unds and the purpose for which each debit to the Funds was made. The Funcls are pledged as additional
<br /> security for the sums secured by this Mortgage. The Borrower agrees that the Funds ma,y be held bv the
<br /> Lender and commingled with other funds and the Lender's own funds and the Lender may pay such itetns .�„�� ,.
<br /> _,
<br /> from its own funds and the Lender shall not be liable for interest or dividends on such Funds. � . .. , = '''
<br /> If the amount of the Funds heid by Lender,together with the future monthly insiallments of Funds
<br /> ,at «
<br /> � payable prior to the dne dates of taxes, assessments, insurance premiums and ground rents, shall exceed �
<br /> the amount required to pay said taxes, assessments, insurance premiums and ground rents as the,y fall due,
<br /> such excess shall be,at Borrower's option, either pmmptly repaid t.n Borrower or credited to Borrower un
<br /> rnonth�y installYnents of Funds. If the amount of the Funds held by Lender shall not be sufi'icient to pay
<br /> taxes, assessmants, insurance premiums and gmund rents as they fall due, Borrower shall pay to Lender
<br /> any arnount nea:essar,y io make up the deficiencv within thirty days after notice from Lender to Bonower
<br /> reque�ting"payment thereof, or Bux•ruwer shall,��by an increase in monthly installments oi Funds reqiiired, ��
<br /> repay the deficiency within the �nd accounting period. �
<br /> U��on payment in futl of all sums secured bv this Mortgage,Lender shall apply Funds hcld as a credit.
<br /> {; against all svms dua , —, �
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