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<br /> IPtDIVIDUAL
<br /> DUE ON SA!_E
<br /> , �R�'�' , OPTIONAL FUTURE ADVANCES ` '
<br /> �Y�R/1L SAVtNGS FIJND
<br /> ;�� � � Fo�xM N0:720 � `,` �� . , . �, �:
<br /> ���-^^�nn+ ,"'N�O� F� Loan Number__346 7 5----_188__— 1 � . " �'
<br /> � S�. . : - .� Trce "e�nocn" ���.
<br /> , 77 UU558�$ M � R -�- GAGE
<br /> $` THIS MORTGAGE,made and executed this day of �-��� A D.,
<br /> r 19_7�.__,between the Mort agor Thomas W Wilkinson and Patricia G Wz kinson husband and �,
<br /> F --•-... ......-, ��-- -------.. ..
<br /> wife oxntl and eac in their own ri ht ����� ��
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<br /> ' -----------------------------;^-------
<br /> '` .,- � y ----..... g �................... ._.:..._ ......---------
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<br /> ; af _:_Grand Island County of ..��:1 :.._::.,State of..Nebraska, hereinafter'refezred
<br /> - . _..._... ..., ......._.. ....,
<br /> to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> � LINCOLN, I235 "N" Street, Lincoln, Nebraska 68501,its successors and assigns, hereinafter referred to
<br /> as Lender.
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<br /> + Wz2xEssETx That the said Borrower for and in consideration of the sum of NINETEEN THOUSAND
<br /> �
<br /> SIX IiUAIDRED AND NO 100 --------------------- , .
<br /> s -----.. _...---� ------. �....... �---... _--�--...... .....:.................. ...Dol.ars (US$ _.: 19�600..00 .:: ) ,
<br /> paid by said Lender, does hereby mortgage, grant and convey to Lender, i�s successors and assigns; the
<br /> � following described property located in the County of ....._Hal l . State of Nebraska:
<br /> Lots`Three (3), Four (4), Five (5), and Six (6), in Block Twenty-Two (22), in ,
<br /> f
<br /> MacCoLl and I,eflan�`s Addition to Wood River, Hall County, Nebraska_
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<br /> TocETxEx 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 now or hereafter attached to the property, all of whieh, 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 /> i� � �� �
<br /> x' Borrower cuvenants 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 an�T defend generally the title to the Property against all claims and demands, subject to any y -
<br /> a easements and restrictions listed in a schedule of exceptions to coverage in any title insurance policy in-
<br /> i' suring Lender's interest in the Property,or (2) attorney's opinion of title from abstract of title certified
<br /> A by bonded abstracter.
<br /> PxovinEn A[.wnYs, and these presenCs are executed and delivered upon the following conditions;agree-
<br /> i; ments and obligations of the Borrower, to-wit:
<br /> = Tlie Borrawer agrees to pay to the Lender, or order,the principal sum of ..NINETEEN_THOUSAND -
<br /> ' ; SIX..HITI�IDRED,AND NO/100----------------------------. Dollars (US $. --..__ ._. ....:..)
<br /> ...-- • --�--.._...._. _19,600 00 ,
<br /> --•---�-------------------�---..:. .._... .__.. .
<br /> � payable as provided in a not �;,acuted aiid delivered,concurre�tly herewith, the final payment oF principal,
<br /> �, if not sooner paid,on the..........lst..,.__,. day of...... Oetober_. ,._.... _.____ 19_��7._..
<br /> UxiFoart GovExaxTs. Borrower and Lender covenant and agree as follows
<br /> L Payment of Principal and Interest. Borrower shall promptly pay when due the principAl of and in-
<br /> terest on the indebtedness zvidenced 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 and Insurcmce. Subject to Lender's option under paragraphs 4 nnd 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 A'ote is paid in full,a sum (herein "Funds") equal to one-twelfth of the yearly tases and
<br /> assessments which may attain priority over this�Iortgage, and ground rents on the Property, if zny plus
<br /> one-twelfth of yearly premium installments for hazard insurance, plus one-twelfth of yearly premium in-
<br /> stallments for rnortgage insurance, if any, all as reasonably estimated initially and from time to time by
<br /> Lender oa the basis of assessments and bills and reasonable estimates thereof, LendeT shall apply the Funds
<br /> to pay said taxes,assessments,insurance premiums and ground rents. Lender shall malce no chr�rge for so
<br /> holding and applyuig the Funds or verifying and compiling said assessments and bills. The I.ender shall
<br /> give to the Borrower, m�ithout charge,an annual acconnting 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 far the sums secured by this Mortgage. The Borrower agrees that the Fun�Is rnay be held by the =
<br /> Lender and carnmingled with other funds and the Lender's oam funds and the Lender rnay pay such items
<br /> #rom its own funds and the Lender shall not be liable for interest or dividends on such Funds. � `
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<br /> If the amount of the Funds held by Lender,together with the future monthly installments o# Funds fi� �,�
<br /> ' ' payable:prior t�o the due dates-of taaes, assessments, ineurance premiums and ground rents, shall exceed
<br /> � the amount required to'pay said taxes,aesessments,insurance premiums and grour,d rents as they fa11 due, i,��^'�.�;�
<br /> suclz excess shall be, at Borrower's option,either pmmptiy repaid to Borirower or credited to Borrower on � ;
<br /> monthly insi�llments:of Funds. If the amount of the Funds heid by Lender shall not be sufiicient to pay �
<br /> taxe4, assessxzteitts, zns.ir,�aCe premiums'and ground rent,�as they fall due, Sorrower shall pay to Lender
<br /> anp amount neeexRary }o make ug the c3eflciency c�rithin ttzirty days aftez nutice from Y.ender to Eorrower ��
<br /> requesting payment thereof, or Borrower ehall,,by an increase in monthly installments of Funds required, � �"
<br /> repay the deficiency within the Fund accounting period.
<br /> LTpon payrxient in fiall of a13 sums securecl by this IL'lortgnge,�,enrler sliall a��ly Fuiail,1ie13 ati a�rediL
<br /> � against all sums due. Y
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