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<br /> INDN(�UAL • "
<br /> DUE,ON SALE
<br /> ��Rr�STJ�w OPTIONAL FUTURE ADVANCES
<br /> � r� SAYIlM�S F!!ldCT :
<br /> ; �� FORM No.'720
<br /> �r Loan Number__34668___�_188__—_1___
<br /> 1�'� . . . . . ryae � eransh . .
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<br /> 77- U0���'7 MORTGAGE
<br /> � THIS MORTGAGE, made and executed this ..�..�-�.: :__ da of� �.'_�.._- ... A.D.,
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<br /> 19----7.7, between the Mortgagor,Fra?t�4..�...VQg.at..and_�o.gan.e..I....Vogat->.- us�d..aad._w3.fe.--�.ozntly
<br /> ; and;each in their,own_:right.-----.' .....::..........�----�-----�-•--�-----•------�-��------��---------�-�-----------�----��----��--�--•----...._.. ,
<br /> ; �rand;rslar�
<br /> , af ....... ......._. .._.... :...:.; Caunty c: : .::.:,.`.�1', ::.:.__..._....,Stste vi...tv�braska....,:_,�ier�i�ai��r r���ire� —
<br /> ".�,; to as the $orrower, and the Mortgagee; FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> � LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to
<br /> ? as Lender.
<br /> � ;
<br /> � WiT s.ETx:"That the said Borrower for and in consideration of the surn of .�ENTY.,FIVE.Tf30u.$,QND �
<br /> „ nNn rroj�'iO�-- ------------------------------------- � zs o00 00
<br /> , .__...... ....--� �------�---�--��............................................��---..........._..-�oi.ars �us$_.. �_.._
<br /> _. ..--- --��--->
<br /> paid by said Ler.der, �oes hereby mortgage, grant and convey to Lender, i�s successors and ass�gns; the
<br /> ' following described propertylocated in the County of ....:........... ...,.__.., State of Nebraska: ° `
<br /> Hall... .
<br /> ;
<br /> i Lot Six (6)i in Sunset Seventh Subdivision, being a part of the Northwest
<br /> fi Quarter (N4�) of Section Eleven (11), Township Eleven (11) North, Range
<br /> 4 Ten {10) West of the 6th P.M., HaZ1 County, Nebraska.
<br /> t
<br /> TocETxeR 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, tivater, 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 wvered by this
<br /> �' Mortgage; and all of the foregoing, together with said property (or the leasehold estate in the event this
<br /> ;> Nlortgage is�:: ' -'� "; a�n iierein reierred io ay tt.c "--r,,.�;,-"
<br /> 1, -
<br /> Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right
<br /> f to mortgage, grant and convey the Property, that the Property is unencumbered, and that Borrower wiil
<br /> " ` warrant and defend generally the title to the Property against all claims and demands, subject to any
<br /> d easements and restrictionslisted in a schedule of exceptions to coverage in any title insurance palicy 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 Ar.wnxs, and these presents are executed and delivered upon the following conditions,agree-
<br /> � ments and obligations of the Borrower, to-wit: ,
<br /> , �,
<br /> , �' Th Borrower agrees to pay to the Lender, or order the principal sum of :TWENTY._FIVE .THOUSANp__. '
<br /> � AND NO�100-------------------------------------------Dollars (US $.25,000..00 -. ..----..:.) `.
<br /> ----._.. ......._......... ....�---......._..----�-- ......_........._..............---...----....-
<br /> �' payable as pi•ovided in a note executed and delivered,concurrent.ly herewith,the final payment of principal,
<br /> ' if not sooner paid,on the ..._:.._,. lst y
<br /> ........ ...... da of---......October.--.. . ....._...,�9.200G
<br /> UxiFoarvt CovErtnxxs. Borrower and Lender covenant and agree as foliu�vs:
<br /> 1. Payment of Principal and Inierest. Borrower shall promptly pay when due the principal of and in-
<br /> terest on the indebtedness evidenced by the Note,prepayment and late charges as provided in the Nate,
<br /> and the principal of and interest on any Future Advances secured by this Mortgage.
<br /> 2, Funds for Taxes and Insurmice_ Subject to Lender's opCion under paragraphs 4 and 5 hereof, Bor-
<br /> � rower shall pay to Lender on the day monthly installments of principal and interest are payable under the
<br /> Note,until the Note is paid in full,a sum (herein "Funds") equal to one-twel£th of Ll�e yearly taxes and
<br /> assessments which may attain priority over this Mortgage, and ground rents on the Property, if an}= plus
<br /> one-twelfth of vearly premium installments for hazard insurance, pius one-twelfth of ,yearly premium in-
<br /> stallments fur rnortgage insurance, if any, all as reasonably estimated initially and from tirne to time by
<br /> Lender on the basis of assessments and bills and reasonable estimates thereof,Lender shaIl app1Y the Funds
<br /> to pay said taxes;assessmer,ts, insurance premiums an� ground rents. Lender shall make no charge for�o
<br /> holding and appl5�ing the Funds oz varifying aud coinpiling said ass�ssn:euts and bills. 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 piedged as additional
<br /> security for the sums`secured by this'Mortgage. The Borrqwer agrees that the Funds may be held b,y the {
<br /> ;. Lender and.commingled with other funds and the Lender's own funds and the Lender may pay such items ,:� ., ,.� :
<br /> •• from its own funds and the Lender shall not be liable for interest or dividends on such Funds. ---�Y_�; " >�
<br /> If the amount of the Funds held by Lender, together with the future monthly installments of Funds o- � �� .
<br /> � payable prior to the due d�tes of taxes,assessments, insurance premiums and ground ren�s, shall exceed ���:
<br /> ' the amount required to pay said taxes;'assessments,insurance premiums and ground 7ents as they fall due, '� *��`�-
<br /> ; such excess shall be, at Bozxower's option, either promptly repaid to Bonower or credited to Borrower on r''�,�:Y
<br /> monthly installments of Funds. If the amount of the Funds held by Lender shail not be sufficient to pa,y i
<br /> taxes;'assessments, insurance'premiums and grovnd rents as they fa�2 due, Borrower shall gay tA Lender
<br />�` � any amount necessary'to make up the deficiency within thirt,y days after notice from Lender to Borrawer
<br /> requesting payment thereof, or-Borrower shall; b an increase in monthl '�'
<br /> y y installments of Funds required,
<br /> repay the deficiency within the Fund accounting period.
<br /> U�on paymertt in full of all sums secured bp this Mort�age;Lender shall applp FundS held ac a credit
<br /> against all sums due.,
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