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<br /> IP1DiVIDUAL
<br /> DUE ON SALE
<br /> ��� OPTIONAL FUTURE ADVANCES
<br /> SAVINGS FUND
<br /> ■I��N FORM No.720 . � � � � � � � � � � ' �
<br /> � �t � Loa� Number:_ 34558 —188 — 1
<br /> .. . .. . . . .. . � . . � '— -- rvice-----e.ancn
<br /> � M O R T G A G E
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<br /> � THI3 MORTGAGE, made and executed this ...... ..�St� _ day of��-G�i'zC�F-Q-.z. A D.,
<br /> " 19. .7._7.,between the Mortgagor, Bzad`Aaath.-a--s3ngle..�.ezson..-- .---•.----.-..- '
<br /> -------- -�---.... .....----- -
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<br /> , """"'"" "....."""".._. "
<br /> ; of_..Grand.;Island..:__.,,,_� County of ... ....:..._I�2�7.Z._ ..._:......,State of .l�lebzaska....._.,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 /> ' WiTxFssETx: That the said Borrower for and in consideration of the sum of:'�HIRTY. EIGHT_.THOUSAND = '
<br /> � ONE HUNDRED AND NO/100---- ---------------,---------�ol.ars (US$...38s100..00„.,
<br /> �
<br /> ........ ........ ..._.,.. ....---�� ---�---......--�-�----� --�
<br /> .. .. . ..:--�-�
<br /> � paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br /> y following described property located in the County of...........Hall , State of Nebraska: i
<br /> �
<br /> � Lot One (1), in Amended B1oek Six (b), Continental
<br /> <�
<br /> ,Q Gardens, an Addition to the City of Grand Is7and,
<br /> � Hall County, Nebraska,
<br /> �
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<br /> ; TocETxEa with all the improvements now or hereafter erected on the property, and ail easements,
<br /> f rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and
<br /> t 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 /> ,j Mortgage; and all of the foregoing, together with said property (or the leasehoid estate in the event this
<br /> ;�" Mortgage is on a leasehold) are herein referred to as the "Property".
<br /> ? Borrower covenanfs 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 wiil
<br /> y waxrant and defend generally the title to the Property against ali ciaims and demands, subject to any
<br /> � easements and restrictions listed in a schedule of exceptions to coverage in any title insurance policy iu-
<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 /> 'Pso��iuEn 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 t;he Lender, or order, the principal sum of _.THIRTY .EIGHT.TIHOjT$�Q�tp � '
<br /> .ONE HiRJDRED AND NO/100-----------------------------�ollars (US $. 38.,_100 00___
<br /> � ------�---•--•-�-----------------------�--�---------._._...----•-•-----�-------�---�
<br /> �---�
<br /> payable as provided in a note executed and delivered, concurrentiy herewith,the final payment of pnncipal,
<br /> if not sooner paid, on the__..__f�x.st ...... .. day of....__....OG.�<>�ig� __.... .._., 13�.Q0(�
<br /> UxiFoaM CovENaxTs. Borrower and Lender covenant and agree as follows:
<br /> i. Payment of Principcl and Interest. Borrower shall promptly pay when due the principal of and in-
<br /> terest on the indebtedness evidenced by the Note, grrepayment and late charges as provideci in ine iVote,
<br /> and the principai of and interest on any Future Advances secured by this Mortgage.
<br /> 2.,Funds far Taxes and Insurance. Subject io Lender's option under paragraphs 4 and 5 hereof, Bor-
<br /> rower shali pay to Lender on the day month]y installments of principal and interest are pAyable under the
<br /> Note, until the Note is paid in full,a sum (herein "Funds") ec;ual to one-twelfth of the yearly taxes and
<br /> assessments which may attain priority over this Mortgage, and ground rents on the Property, if any plus
<br /> one-twelfth of yearly premium instailments for hazard insurance, plus one-t�velfth af yearly premium in-
<br /> stallmenis for mortgage insurance,if any, all as Teasoaaably estimated initiall,y and from time to tiine by
<br /> I.endar an the basis of assessments ttnd bills and reasonable estimates thereof,Lender shall apply the Funds
<br /> �n
<br /> to pay said taxes, assessmpntc, insurance gremiums and �'round renta. Lh�nder shall make nn char�e fe-so
<br /> holding ar,d appIyind the Funcis or verifymg and compiling said assessments and bills. The Lender shall �
<br /> give to the Borrower,without cnarge,an annual accounting of the Funds showing credits and debits to the
<br /> Funds and the purpose for which each debit to tihe Furds was made. The Funt�s 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 comtningled with other funds and the Lender's own funds and the Lender may pay such items � �- �'� '
<br /> . from its own funds and the`Lender sha�l not be liable for interest or dividends on such Funds. ' �'� "
<br /> If the amount of the Funds held by Lender,to ether wi� v ��'"
<br /> g h the future monthly installments of Funds � �
<br /> payable prior tn the due dates of tases,'assessments, insurance,premiums and ground rents, shall exceed ,; �.
<br /> the amount requirecl to pay said taxes,assessments,insurance premiums and grovnd rents as they fall due, ��
<br /> such eacess shaIl'be, at Borrower's option,'either pmmptly repaid to Barrower or credited to Borrower on `�'
<br /> .� , ., _
<br /> m�nthiy installments of Funds. If the amount of the Funds held by Lender shall not be sufficient to pav
<br /> taxes, asses,smea±s, insurance premiums ar�d ground renEs as they fall due, 13ormwer shall pa}� to Lender
<br />� any amoant necessary t� make Lp the de&ciency:.3thin t1�irLy+ days after notice from Lender to Bonower
<br /> requestisag payment thereof, or Borrnwer shall, by an increase in monthly instailments oi Funds required, �
<br /> repay the deficiency within the Fund accounting period.
<br /> ' Upon payment in full of all sums secured by this Mortga�e,Leiu3er shall apply Funds held as a crediY
<br />� against all sums due.
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