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<br /> � �
<br /> �' .
<br /> INDIVIDUAL . .
<br /> DUE ON SALE
<br /> � �R�" OPTIONAL FUTURE ADVANCES
<br /> ` i �F�QAI SAVINGS FUND
<br /> ' ��+�■'' FORM No.720 . .
<br /> �Iw�.V�.1- 346,78 —_188 — 2
<br /> � loan Number------------ --------
<br /> ...� . . . . . . TYGo .�B�anCh ��� •
<br /> ± 77- 0 0 5 f�'7
<br /> ; M � R T G A G E '
<br /> a.�., .. �,..� . � ' � .. . . � . .. . . .. . . .. . . . � :'.. ,':
<br /> i THI$MORTGAGE,made and executed this _....... .-��.v.....:.:...:...day of :... .�.�....�'.e���:._:..._..._. A.D., '
<br /> � 19---22_.., between'the Mortgagor __Zohn W.,--Tr�aX._a3147..Z�.tX.�J �,..�'ruax,--h�sbs???d--and.,W.iPe�._JO.zn.t1 y
<br /> ' ` and„each in._their own:,right,,_�__.,,,;; `
<br /> _ -..................••-•-•------ -�- --�•----- -- -•------•---
<br /> �` i °f-----'.. Grand'_.TsZand----., County of . .._....Hali .----•.---'..,State of._Nebraslca_.......,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 /> ;� TKIRTY NINE TKOUSAND
<br /> , WizxEsssTx That the said Borrower for and in consideration of the sum of....... .... .... ..._
<br /> � AND NO/100 ---------- --.-. ----------'�ol:ars (US $. 39,000.00 )
<br /> � .._.... ...._-- -�-°--- •----•---...__... .._..... . .._ .. ......__
<br /> paid by said Lender, does hereby mortgage, grant'and convey to Lender, its successors and assigns; the
<br /> x following described property located in the County of . ....Ha11 .__, State of Nebraska:
<br /> � Lot Five (5), Block Five (5), Jenkinson Subdivision, Hall County,Nebraska.
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<br /> TocExxEa with all the improvements now or hereafter erected on the property, and ail easements,
<br /> rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and
<br /> water stock, and all figtures now or hereafter attached to the property, all of which, inciuding replace-
<br /> ments and additions thereto,shall be deemed to be and remain a part of the prnperty covered by thia
<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 /> Borrower wvenants 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 and defend generally 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 /> swring Lender's interest in the Property, or (2) attorney's opinion of title from abstract of title certi&ed
<br /> ' by bonded abstracter.
<br /> ':
<br /> ' PxoviuEn ALwnYs, and these presents are executed and delivered upon the following conditions,agree-
<br /> ments and obligations of the Borrower, to-wit:
<br /> � The Borrqwer agrees to pay to the Lender, or order, the principal sum of..THIRTY_NSNE_,THOUSAND._
<br /> , AKA__A'.Ol_1Q.Q.--c-----------r..-----.----_------.----------.---Dollars tUS $...39,000.00.
<br /> '---)
<br /> payabie as provided in a note executed and delivered,concurrently herewith,the final payment of principal,
<br /> � if not soonerpaid, on the---..fzx'�t...._._.....day of .....--O�tob.ax.......... ....__..._, At1_2.OQ6 ,
<br /> , � UxiFoxM CovExnxTs. Borrowez and Lender covenant and agree as fallows:
<br /> 1. Payment of Principai �d Interest. Bormwer 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 Note,
<br /> ancl the principal of and interest on any Future Advances secured by this Mortgage.
<br /> 2. Funds for Tmces mmd Insurmice. Subject to Lender's option under paragraphs 4 and 5 hereof, Bor-
<br /> mwer 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-twelfth of the yearly taxes and
<br /> F assessments which may attain priority over this Mortgage, and ground rents on the Property, i£any plus
<br /> -- one-twelfth of yearly premium installments for hazard insurance, plus one-twelfth of yeariy premium in-
<br /> ' sEal2ments for mortgage insurance, if any, all as reasonably estimated initially and fr�m time to time by
<br /> ;; Lender on the basis of assessments and bills and reasonable eetimaies thereof,Lr_nder shall apply the Funds
<br /> to pay said ta�es, assessments,insurance premiums and ground :ents, Lender shall make no charge for so
<br /> holding and appiying the Funds or verifying and compiling said assessmen�s and bills. The Lender shail
<br /> give to the Borrower,without charge,'an annual accounting of the Funds showing credits and debits to the F
<br /> Funds and the purpose for which each debit to the Funds was made. The Funde are pledged as additional
<br /> security for the suma secured by this Mortgage. The Borrower agrees that the Funds may be held by the ,�,� �,
<br /> ` I.ender and commingled with other funds and the Lender's own iands and the Lender may pay such items -.<,-Y��, , 55.
<br /> ; ' from its own funds and the Lender shall not be liable for interest or dividends on such Funds k y� ;
<br /> j� I#the amount of the Funds held by Lender,together with the future monthly installments of Funds '�
<br /> L payable priox to the due dates of taxes,assessments,_insurance premiums and ground rents, shall exceed `d;��;
<br /> ` the amaunt required to pay said taxes,assessments,insurance premiums and gronnd rents as they fall due, � N r �;
<br /> ; ' such excess shall be,at Borrower's option,either promptly repaid to Borrower or'credited to Borrower on „�,��;�
<br /> � monthiy instaitments of Funds. If the arnonnt of the Funds held bv Lender�hall not be�ufficient to Qay -
<br /> taxes;'assessments, insurance premiums and'ground rents as they fall due, Borrower shall pay to Lender . �.` '
<br /> any amount necessary-to make up the defleiency with3n thirty days after notice from Lender to Borrower
<br /> requsstiz�g payment thereof, or Borrower shail, by an`increase in monthly installments of Funds required,
<br /> regay the deficiet�cy within the Fund accounting period.
<br /> Upon payment in full of alt sums secuzed by this Mortgage,Lender shall appl,y Funds held as a credit
<br /> � against all sums due. 1
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