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<br /> INDIVIDUAL
<br /> DUE ON SALE
<br /> �R�' OPTIONAL FUTURE ADVANCES
<br /> �C SAVlNGS FUND
<br /> � �FoRM NoJ20� �. ..
<br /> r �'�NC�'N Loan Number---�501__—_188---1----
<br /> . . . . . . . . . .TYPe �Bra�ch �. .
<br /> M O R T G A G E
<br /> � THIS MORTGAGE,made and executed this ..__, ��` .... day of _. s'���rr�' .... A.D.,
<br /> , ---��-----��----• �--�--�--•�--�
<br /> } 19._?7....,between the Mortgagor, __.._:Ronald,B.,,Steffensmeier_.and,.Sherryl._S.___Steffensmeier.,_.__
<br /> ; ;husband and wife�._.jointiy._and each in their own right _________
<br /> .. _. ---•-�-----•�-•---- --�---• -....... .. ....... ..... .__..-•- •-� -•---- --------------
<br /> '- of.._.:..-..-�.�'.a�4a.;.Is�,a��_:, County of.------H�3_1.7..- --.---.:_....--->State of-_-_.DT.eb.rask.a. ., 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 /> o Wiz•xEssETx: That the said Borrower for and in consideration of the sum of.1fLIRTY..FIVE..............
<br /> ;' _.:xFIQUS.ANA..�Z�Ii.�_�iTIx3A�R..A�IL2..TJ91.�,QQ-_-.c-cr..-_c.--rr.r.c.-c-.c_�ol:ars (US$...35.,.84Q�.QQ.... .........-.)
<br /> naid by said Lender, does hereby mortgage, grant and conve,y to Lender, its successors and assigns; ihe
<br /> following described property located in the County of _...._..H�.1.7..._..._............._..., State of Nebraska:
<br /> Lot Five (5), in Meadow Lane Fourth Subdivision, Hal1 County, Nebraska.
<br /> TOGETHER with all.the improvements now or hereafter erected on the property, and all easements, � � .
<br /> rights, appurtenances, rents, royalties, mineral, oil �nd gas rights and profits, water, water rights, and
<br /> water stock, and all fixtures now or hereafter attached to the property, all of which, including replace-
<br /> ; ments and additians thereto,shall be deemed to be and remain a part of the property covered by this
<br /> Mortgage; and all of the foregoing, together with said property (or the leasehold estate in the event this
<br /> ; Mort$age is on a leasehold) are herein referred to as the "Property".
<br /> Bormwer covenants that Borrower is lawfully seised of the estate hereb,y 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 generaily the title 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 /> � Paovin�n ALWAYS� and these presents are executed and delivered upon the following conditions,agree-
<br /> ments and obligations of the Borrower, to-wit:
<br /> 1 The Borrower agrees to pay to the Lender,or order, the principal sum of .. THIRTY_.FIVE THOUSAND
<br /> ; , EIGHT,.HUNDRED,AND..NO/100-----_---------_----------_----Dollars (US�-.35�_800,.00............... ..)
<br /> ' payable as provided in a note executed and delivered,concurrently herewith, the final payment of principal,
<br /> '' if not sooner paid,on the.......,�ixS.t_..._._._. day of..__.....�ctober ._ �_�aQb
<br /> UxiFoxM CovEtanta�rs. Borrower and Lender covenant and agree as'follows
<br /> 1. Payment of Principal�d Intezest. Borrower shall promptly pay when due the principal of and in-
<br /> terest on the indebtedness evidenced by the NoCe,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 Insuraace. Subject to Lender's option under paragraphs 4 and 5 hereof, Bor-
<br /> mwer shall pav 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-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 installments for hazard insurance, plus one-twelfth of yearl,y preniiuin in-
<br /> stallments for mortgage insurance, if any, all as reasonably estimated inztially and frorn time to time by
<br /> Lender on the hasis of asse�sments and bills and reasonable estimates thereof, Lender shsll appl�>the Funds
<br /> to pay said.taxes, assessments, insurance premiums and ground rents. Lender shall make no charge for so
<br /> holding and applying the Funds or verifying and compiling said assessments and bills. The Lender shall
<br /> give to,the Borrower, without charge,an annual accounting of the Funds showing credits and debits to the t
<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 __.,. ",�, b-' F+
<br /> � Lender und commin led with other funds and t.he Lender's own funds and the Lender may " `""
<br /> ` $ pay such�itema �" � � ';� �
<br /> � from its own funds and the Lender shall not be liable for interest or ciividends on such Funds. � �� ��`
<br /> if the amount of the Funds heid by Lender,together with the future monthly instaliments of Funds �
<br /> � payable prior to the due dates of-ta4es, assessments, insurance premiums and ground'rents, shall exceed �rH'
<br /> the amount required to pay said ta�ces,assessments,insurance premiums and ground rent�s as they fall due,
<br /> sucH excess`shall be,at Borrower's option, either pmmpt]y repaid to Borrower or credited to Borrower on
<br /> monthly installments of Funds. If the aznount of the F'unds held by Lender shall not be sufficient to pa,y
<br /> taxes, assessments, insurance premiums and ground rents as they fall due, Borrower stzall pay to Lender •-
<br /> any amount necessary to make up the deficiency within thirty days after notice from Lender to Borrower
<br /> 1 requesting payment thereof, or Borrower shall, by an increase in monthly installments of Funds required,
<br /> repay the deficiency within thP Fund accounting period. '
<br /> Upon payment in full of all sums secured by this Mortgage,Lender shall apply Funds held as a credit
<br /> � against all�ums due. �
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