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<br /> INDIVIDUAG
<br /> DUE ON SALE
<br /> ���' OPTIONAL FUTURE ADVANCES
<br /> ������ S'�-."l:S�lsS c�!!`:D
<br /> � � FowM No;720 �
<br /> � `����'�� Loan Number__34460 --- 199 __!- l _
<br /> TyGe Branch
<br /> 7'7- �p550� M C3 R T G A G E
<br /> , THIS MORTGAGE, made and executed this ._....._,��_._.....__:. day of_._,.ij_e�>�Q..r�,:�ne.r_.. A.D., ' '
<br /> � 19.:�'j...,between the Mortgagor,..Eldnn_.Mays..and..Mar3orie..L...Mays.,...husb.and:and_.ruife:,...3.oin.tly
<br /> � ..__aad:.each_.in_.xheir...aGm_Y3,ght.:... :. ...................._..........---•-�--•---�--- ._�_-�-•--�--�•---......._..._...._..,.:. ..:.::. ..._ , ;
<br /> ; of:_._'_.Jd.aad_.Ri.uex-----..---., County of-. --.-----.Hall................State of__Dlehraska----.._,hereinafter referred r
<br /> to as the BoYrower, and the Mortgagee, FIRST �EDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> - LINCOLN, 1235."N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter seferred to
<br /> a
<br /> ;a as Lender. ,
<br /> t WizxEssETx: That the said Borrower for and in consideration of the sum of _FIFTE�N__.�gUS.AtIA._
<br /> .` AND_NO/100--,- --------------.-------.---------.--------�ol:ars (US$.:._:1�...Q90.:AA -�---------�
<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 /> Zot Nine (9), and the Easterly One - Half {E2) of Lot Eight (8), B1ock Eleven
<br /> ,(11) Brett and Johnson's Addition to Wood River, Hall County, Nebraska.
<br /> �
<br />� : �
<br /> Z`ocETxEe 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, wai:er rights, and
<br /> g water stock, and all fixtures now or hereafter attached to the property, all of which, including replace-
<br /> x ments and additions thereto, shall be deemed to be and rema.in a part of the property covered by this
<br /> , 3 Mortgage; and all of the foregoing, together with said praperty (or the leasehold estate in the event this
<br /> � Mortigage is on a leasehold) are herein referred to as the "Property".
<br /> .i. .. .. . . . . � .. . . .
<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 /> ; wartant ancT defend generally the title to the Property against all clairns and dernands, 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 /> PxovinEn ALwnrs, and these presents are executed and delivered upon the following ccnditions,agree-
<br /> ments an3 o'a&gat:ans of t;e Barrower, tu-wit:
<br /> , �
<br /> The Borrower agrees to pay to the I.ender, or order, the principal sum of ...EIET.EEN..THQUSAND..ALID_ '
<br /> i ND.�10Dr_.-c-c-__.�_---r.----r---c-.---rr.r--r----r---c----r..Dollars (US S-..�_1.5>OD.Q.QD_.------------ -)
<br /> payable as provided in a note executed and delivered,concurrently herewith,the final payment of principal,
<br /> s` if not sooner paid,on the---.---...lst---........ day of ._....._Qetoher.... ............ 19..87_..
<br /> � �UNIFORM COVENANTS. BOTCOWGT and Lender covenant and agree as follows: � � � �
<br /> L Payment of Principa!�d Interest. Borrower shall promptly pay when due tY�e principal �f 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 /> 2.Funds for Taxes aad Insur�ce. Subject to Lender's option under paragraphs 4 and 5 hereof,Bor-
<br /> rower shall pay to I,ender on the day monthly installments of principal and interest are pa,yabie under the
<br /> Note, until the Note is paid in full,a sum (herein "Funds") equal to one-twelith 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 premiurn instaliments for hazard insurance, glus 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 rea_sonable estii��ates there�f,Lender shall apply the Funds
<br /> to pay said tazes,assessments,insurance premiums and ground ren�s. Lender shail make no charge fox so
<br /> holding and applying the Fund� or verifying and compilino s�id ussessments and�ills. The Lender shall
<br /> give to the Borrower, without charge,an annual accounting of the Funds showing credits and debits 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 and the Lender maypay such items ,,�� r,: .�
<br /> from its own funds anci the Lender shail not be liaUle for interest or dividends on such Funds. ••..--- t,,.,, � �
<br /> . � � �+,x`iw"
<br /> If the amount of the Funds heid by Lender,together with the future monthly installments of Funds � '• �
<br /> payable priar to the due dates of tases, assessments; insurance premiums and ground rents, shail exceed ,, ,�s '
<br /> Y the amount required to pay said tases,assessments,insurancepremiums and ground rents as they fall due, � ;
<br /> such excess a�iall be,at+Borrawer's option,either promptlysegaid,to Borrower or credited to Borrower on ' �
<br /> •
<br /> ; , monthly installments of Funds. If the amount of the Funds heid by Lender shall not be sufficient to pay � '
<br /> taxes� assessments, insurance-premiums and `
<br /> ground tents as they fall dve; Bormwer shall pay tn Lender
<br />� any amount necessary to make up the deficiency within thirty days after natice frorn Lender to Borrower .
<br /> reyuebi,ing payment thereof, or Sorrower shail,.by an increase in monthly installments of Funds required, �
<br /> ...Nuy �i e uariciency witnin ine Fund accounting period.
<br /> Upon payment in fuil of all sums secured by tliis Mortgage;Lender shall apply Funds held as a credit
<br /> ; agaitiaL all bun��i due.
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