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<br /> INDIVIDUAL
<br /> DUE ON SALE
<br /> �".RST OPTIONAL FUTURE ADYANCES
<br /> rq�pA� SAVWGS FUND
<br /> rCVLRh FORM N0.72O
<br /> � L,�O�N Loan Number---34358__-__188- 1---
<br /> 77— (�f15��.�. TYoe B.e��„
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<br /> lVI � RTGAG E
<br /> ' + THIS MORTGAGE,made and executed this ...:.....C�.... _.. day of .-S�'�!r'.^' .��.P!............. A.D.�
<br /> -�--
<br /> = ? 19._.:.7.7..,between the 1VIortgagor, _..._Terry_Medjo.and..�e�y.1.�l�djg;,___h33.sb�nd__.ansi..�i.fe.,...jointl� '
<br /> ;, and each in their„own.right--�---� ------------ --- _... ----.....------�------..._......._._..._.. ..._......
<br /> ...._.... ....---�----- --....... .
<br /> � of_... Grand :Island County of...Hall.................._.._,State of....Nehx.ask�.._....,hereinafter referred
<br /> ; ...--._......,
<br /> to as the Borrower, and the Mortgagee, FIRST FEDEIiAL SAVINGS AND LOAN ASSOCIATION OF
<br /> LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to
<br /> as Lenden
<br /> � WtTarEssETx: That the said Borrower for and in consideration of the sum of ..F�RTY..FOUR._THOUSAND
<br /> '; .ONE..HiINDF2ED.AND.NO/100--------.-.----.r.------.-.----.-r.r--.Dol.ars (LJS$!t4,1QQ_OD.... ......... .....)
<br /> ? paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br /> � i following described property located in the County of .. ...........H�1.1.. ..... ...._.., State of Nebraska:
<br /> I,ot Seven (7), Block Two (2), in Le Heights Second Subdivision, Hall County,
<br /> Nebraska, being a part of the Northwest Quarter (NW�) of the Northwest Quarter
<br /> 4 (NL�) of Section 11, Township 11 North, Range 10 West of the 6th P.M., Hall
<br /> County, Nebraska.
<br /> TOCETHER W1tI1 81I t}1C 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, 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 tlie 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 Pruperty against all claims and demands, subject to any
<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 tit.le from abstract of title certified
<br /> by bonded abstracter.
<br /> PxovinEn ALwnYs, and these presents are executed and delivered upon the following conditions,agree-
<br /> `, ments and obligations of the Borrower, to-wit:
<br /> r The Borrower agrees to pay to the Lender, or order, the principal sum of . . FORTY_FOUR.TNqUSA�Ip,
<br /> ...ONE HUNDRED AND NO/100-----------------------------Dollars (US 5--44_,100.00 --------_--)
<br /> , .-- -�---....-�---�............................ ._ ....... ............. ._..
<br /> payable as provided in a note executed and delivered,concurrenYly herewitih, the final payment of principal,
<br /> if not sooner paid,on the......-.first_...____ day of__..._.._... October ._.,�_200b
<br /> UxiFoxNt CovexnrtTs. Borrower and Lender covenant and agree as follows:
<br /> 1. Payment of Principal and Interest. Borrower shail promptly pa,y when due the principal of and in-
<br /> terest on the indebtedness evidenced by tt�e Note, prepayment and lats charges as provided in the Note,
<br /> and the principal of and interest on any Future Advances secured by this Mortgage.
<br /> 2. Funds for Taxes and Insurance. Subject to Lender's option under paragraphs 4 aad 5 hereof, Bor-
<br /> rower shall pay to Lender on the day monthly installments of principal and interest are payable un�ler the
<br /> Note,until the Note is paid in full,a sum (herein "Funds") equal to one-tw•elfth of the yearly i;axes 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-twelftih of yearly premiwn i1a-
<br /> stallrnents for mortgage insurance, if any, all as reasonably estimated initiall,y and from time to tiine by
<br /> Lender on the basis of a�sessments and bills and reasonable estimates the.reaf, I,ender shall app]_y the Fund�
<br /> to pay said taxes,assessments, insurance premisms and ground rents. Lcndc=sl:ell make no charne for so
<br /> holding and applying the Funds ar verifying and compiling said assessments and hills. The Lender shall
<br /> give to theBorrower, without charge, an annual accounting of the Funds showing credits and deUits to the
<br /> Funds and the purpose for which each debit 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 snd the Lender rnay pay such items �
<br /> from its own fundR and the Lender shall not be liable for interest or dividends on such Funds_
<br /> r .� If the amountof the Funcls held by Lender,together with the future monthly installments of Funds � `��
<br /> payable prior to the due dates of taxes,assessments, insurance premiums and ground rents, shall exceed
<br /> the amount required to pay said taaes,assessments,insurance premiums and ground rents as the,v fall due, "
<br /> such exces@ shali be, at Borrower's option,either pmmptiy repaid to Borrower or credited to Borrower on `'
<br /> monthly installments of Funds. If the amount of the Funds held h��I.ender chal] n�t he�uflicient to pay
<br /> taxes;assesstnents, insnrance premiums and �round cents as they fall due, Borrower shali pay to Lender '
<br /> any amount necessary to make up the deficiency within thirty days after notice from Lender to Borrower w.
<br /> requesting payment thereof, or Barrower shall, by an increase in monthly instailments of Funds required,
<br /> repay the deficiency within the Fund accounting period.
<br />�� � ; Upon pAyment in full of all sums secured by this Mortgage;Lender shall r�pply Funds held as a credit
<br /> against all sums due. �
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