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<br /> INIDIVIDUAL . .
<br /> DLic OTf S.�►Lc
<br /> �R�'�' OPTIONAL FUTURE ADYANCES
<br /> �pA■ SAVINGS FUND
<br /> R��" FoaM No.720
<br /> `',N��`N Loan Number___34575__— 188 — Z
<br /> � � y ... .. . . . .. . . . . � . � TYOc _._—..-6ranch �
<br /> � � . 7/ � ���.��� � . � . . . . � � . . .
<br /> M O R T G A G E
<br /> THIS,MORTGAGE, made and executed this ..:.......�.'.,`�.......::..... day of..�j�_ �.�....:_. .......:. A.D.,
<br /> ' 19...�.�_,between the Mortgagor, ._.._:Charles_.�.,__K�,tzg:_and_.�usa�.A...,�{�ng,�_.��_�b��c},_.��td,.�j,��,..___:_ t
<br /> ---�aintly__and; each_in_their_.own right . .......- ------------------ --------- --�-•---. ...------------
<br /> .........
<br /> � af __.,. Grand Island _, County of .�11.:.......... .........State of...Nebraska_:_..,hereinafter referred
<br /> to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AIVD LOAN ASSOCIATION UF
<br /> LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to
<br /> as Lender.
<br /> ' WiTxEssET : That t}� .aid Borrower for and in consideration of the sum of _THIRTY SIX THOUSAND
<br /> ..----�--�---------------�-
<br /> ` I3INE HUNDRE� AND No/�.0�---------------------------...Dol.ars (US$..._36 900.00 )
<br /> ---•--......----.....---•.... ................................ . . . ..- '-..----�-----��---�----�-----
<br /> paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br /> � ; foilowing described property located in the County of _......... Hall,._,... .__._____._. State of Nebraska:
<br /> All of Lot Thirteen (13), and the South Three (3) feet of Lot Eleven (21),
<br /> Block Twenty �,20), ScarPf's Addition to L�1est Lawn in the City of Grand Island,
<br /> Ha]3 County,Nebraska.
<br /> TOCETHER Wlt�l all the improvements now or hereaft.er erected on the property, and all easements, � � �
<br /> rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and
<br /> wat�r stock, and all fixtures now or hereafter attached to the property, ail of which, including replace-
<br /> ments and additions thereto,shall��d�*±�e� 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 /> Bormwer covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right
<br /> t to mortgage, grant and convey the Property, that the Property is unencurnbered, and that Borrower will
<br /> warrant and defend generally the title to the Property against all c2aims 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 /> PaoviDen ALwnYs, 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 ay to the Lender,or order, the principal sum of..THIRTY SIX THOUSAND
<br /> ._NINE HIINDRED ...............-�----�------
<br /> AND NO/IO�U------------------------- .__..Dollars (US$...36,900.00_ _. ...._.)
<br /> �- �-�---._....----�-•---� -�- ------------ -------_..-----_.... ..........
<br /> payable as provided in z note executed and delivered,concurrentty herewitl�,the final paymenY of principal,
<br /> if not sooner paid,on the.....:�„S.t .. .._.. day of......9atob_ex'__...................... 1�_:2006
<br /> UNiFoans CovEx.axTs. Borrower and Lender covenant and agree as folIows:
<br /> 1. Payrnent of Principal and Interest. Barrower s1ia11 promptly pay when due the principal of and in-
<br /> terest on the indebtedness evidenced by the Note, prepayment 1nd late charges as provided in t:he Note,
<br /> and the principal of and interest on any Future Advancea secured by this Mortga�e.
<br /> 2. Funds for Taxes and Insuresnce. Subject to Lender's option under paragraph:s�4 and 5 hereoC;Bor-
<br /> rower shall pay to Lender on the day monthly installments of printipal and intezest are payable under�the
<br /> 2�'ote, until the Note is paid in full,a sum (herein "Funcis") equal to one-ia�eifth of the yearly t,axes and
<br /> assessments which may attain priority over this Nlorl.gage, and ground rents on the Property, if any plus
<br /> one-twelfth of yearly premium installments for hazard insurance, plus one-Cwelith of yearlv preinium in-
<br /> stallments for mortgage insurance, if an5*, a]] as reasonably estimated initially �nd from tiine to time by
<br /> I.ender on the basis of assessments and bills and reasonable estimate�thereof, Lender shall apply the Funds
<br /> to pay said taxea,assessments, insurance premium�and ground rnntc I,ender shall make no charce for so
<br /> holding and appl,ying the Funds or verifying and compiling said assessments and bills. The Lender �hall
<br /> give to the Borrower, withouC 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 far the sums secured by thi.s Mortgage.The Borrower agrees that the Funds may be held by the � � �
<br /> Lender and cornmingled 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 Funde. ' ,� ,,��`'
<br /> If the amount of Lhe Funds heid by Lender,together with the future rnonthly installments of I'unds
<br /> � � ��
<br /> payable prior to the;due dates o# taxes, assessments, insurance premiums and ground rents, shall exceed - s'
<br /> � the amount required tn pay said taxes,assessments;insurance premiums and ground ren�s as they fall due, ;'�„`'
<br /> such excess shall be,at Borrower's option, either promptly repaid to Borrower or credited to Borrower on
<br /> mqnthly installments uf,Funds. If the amoant of the Funds held by Lender shall not he sufficient to pav �
<br />� taxes, assessmenis, insurance premiums arxd',ground rents"as they fall due, Borrower shall pay to Lender
<br /> any amount necessary Lu make up the deficiency within thirty days after notice from Lender to Borrower
<br /> requesting payrnent thereof,or Borrower shall, by an increase in monthly installments of Funds required,
<br /> repay the deficiency within the Fund accounting period_
<br /> Upon payuieut iu full u[all sums secure�i by this NYortgage,Lender shall appiy r'unds hel�!as a credit
<br />� against all svms due.
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