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<br /> � INDIVIDUAL
<br /> DUE ON SALE
<br /> �FlR� �F'TIONAL FUTURE ADYANCES
<br /> ' FE�L SAVINGS FUND
<br /> ' �� FOwr.� No:720 � � �
<br /> V��`-N Loan Number__34566___-_ 188_-_1__
<br /> �� . . � � . . . . � TYPe Brmnch .
<br /> l7- `On�362 , M O R T G A G E
<br /> f THIS MORTGAGE, made and executed th3s :...... ! � .... ...... day of ��2.7:C�.b?G.l�. A D.,
<br /> 19_�...,between the Mortgagor, ---_..,Mazk:.A.._W�]l.cem�gaz.,--a..si.nglQ...persA.n..r.-.-_r.-r.r.--...... .... .....
<br /> -------------------------------------------- --- -
<br /> ... -------------�--------•-----....-------........----------------.....--------�-�---------..._...------�--��-�--------•-------�--
<br /> of,:,..:. ...:Grand..:�slanc�County of......kl��,l. .......... ....State of..._...N�bz.�sk�..:.,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 successors and assigns, hereinafter referred to
<br /> as Lender.
<br /> � WtTNEssETx: That the said Borrower for and in consideration of the sum of.TKIRTY_THOUSAND...__ `
<br /> ---.AI�ID..I4L11-lOD .----------r-.--r..----c--.-------_--------------.Dol:ars (US$.30,000 OQ.--_. ..
<br /> - - �--��----�------ ...---���
<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 ......Hall..................._.__._, State of Nebraska:
<br /> Lot One Hundred Nineteen (1.19), in Belmont, an Addi-tion
<br /> to the City o£ Grand Island, Hal1 County, Nebraska.
<br /> TocETxEa 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 nuw 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 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 thai 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 tit.le to the Property 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 title from abstract of title certified
<br /> by bonded abstracter.
<br /> PaovmEn ALwAvs, and these presents are executed and delivered upon the following conditions,agree-
<br /> ments and o�ligations of the Borrower, to-wit:
<br /> : The Bon•ower agrees to pay to the Lender, or order, the principal sum of ......TxIRTY THOUSAND AND
<br /> ,NO/100---=.-----------------------------------------Dollars (L7S $. 30 000.00 .. ..----�
<br /> ._- - ---�•---�--•�-----��----------�-----------�-------- ---�.................... '----�---- -----��
<br /> payable as provided in a note executed and delivered,concurrently here�vith,the final payment of principal,
<br /> ' ; if not sooner paid,on the .....first_. ....__ day of __.._.....Qctober........._....,. g$c..20Q2
<br /> UxtFoaM CovEr�pxzs. Borrower and Lender covenant and agree as follows:
<br /> 1. Paymeat of Principai and Interest. Borrower shall promptly pay when due the principal of and in-
<br /> t terest on the intlebtedness evidenced Uy the Note, prepayment and late charges as provided in the Note,
<br /> ancl 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 and 5 hereof,Bor
<br /> roiver shall pay to I.ender on the day monthly installments of princi�aal and interest are payable under khe
<br /> Note, until the Note is paid in full,a sum (herein "Funds") equal to one-twelfth of the yearlv taxes and
<br /> assessments which may attain priority over this�Sortgage, 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 mprtgage 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, I.ender shall apply the Funds
<br /> to pay said t:xxes,assessments,insurance premiums and gr�und rents. Lender shall make no charge for so
<br /> holding and a�plyir.g the Funcls or cerif��ir.�; ard compiling sa:c: assesszncnts and bilis. T::e Lcr.;lcr shall
<br /> give to the Borrower, cvithout charge,an annual accounting of the Funds showing credits and debits to the
<br /> Funds and the purpase for which eac3�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 Funde may be held by the �
<br /> Lender and cammingled with other funds and the Lender's own funds and the Lender may pay such items � � . .�-,�
<br /> from ifs own funds and the Lender shall not be liaUle for interest or dividends on such Funds. .�
<br /> If the ainnunt of Lhe Funds held by Lender,together with the future monthly installrnents of Funds � � ��
<br /> j payable prior to Lhe due dates of taxes, assessments, insurance premiums and ground rents, shall exceed �,
<br /> �, the axnount required to pay said ta�ces,asaessments,insurance prezniums and ground rents as they fall due,
<br /> such-escess shall be,at$ortower's option, either promptly repaid to Banower or credited to Bormwer on ;�'�"�,
<br /> monthly installments of Funds. I# the amount of the Funds held by* Lender shall not be sufficient to pa,y
<br /> Ca�ces, a�seesments. insuranee premiumc an�3 ground Tent�»s the3= fta]1 rftae, Borrower cha11 pay ±n T,Pnder � '
<br />� any amoun£necessnry to make up tiie deficiency within thirtv da,vs after notice from Lender to Borrower
<br /> reqnesting payxnent thereof, or Borrower shall, by an increase in monthly installments of Funds required,
<br /> repay the defic�ency within the Fund accounting period.
<br /> L'�on payrnent in fulI of all sums secured bY this Mortga�e.:Lender shall applv Funds held as a credit
<br /> � against aU sums due. �
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