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<br /> INDIVIDUAL
<br /> DUE OPi SALE
<br /> ��SY OPTIONAL FUTURE ADVANCES
<br /> ��pA� SAVWGS FUND
<br /> lJCRh FORM No.720
<br /> � l.IIVCOLN
<br /> Loan Number__34791___-188___�__1,_
<br /> Typc B�anc'.h
<br /> : ' 7�" C�(�5'�41. M O R T G A G E
<br /> ; THIS MORTGAGE, made and executed this_ ........�.'.!:�._........ .. day of ...��:��'.6i�.................. A.D.,
<br /> ' : 19..7�_;between the Mortgagor,._.Rogex..�1�..Luft...and.IIonna..R....Lu£t.,..husband..and..wife�.-jn3.ntly
<br /> ; --ansi---�ach_.�.n..the.�.z...o.wn.-X�t�---------- �-------------�---------��--�--�--�--��-----�-�--_... _._..-----�----�--- _._. .....----�--..
<br /> : of:.....,Cara�s�..I.s,��nd.,..:_.., County of .............Hall...........:..., State of.Nabxaska.: ......,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 /> � WiTxEssETx: That the said Borrower for and in consideration of the sum of SIX__THOUSAtZp..DL�SI�
<br /> ; HUNDRED AND NO/100-----------------------------------Dol:ars (US$6,900_00.. . -- -
<br /> - -----�-�------....._----..._...._-------_ _ -- -... . . . ---- -�--)
<br /> '' paid by said LendeT, does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br /> ' ` following described property located in the County of. ...._...Hall...._.............__,__..� gtate of NeUraska:
<br /> t Lot Three (3), in Block Forty (40) in Packer and Barr's Second Addition
<br /> { of the City of Grand Island, Hall County, Nebraska.
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<br /> .p . . � . .. . . . .
<br /> �� Toce�'f[Ex 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 which, 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 /> Borrower covenants 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 /> wamant and defend generall,y 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 /> PaovtnEn ALWAXS� and these presents are executed and delivered upon the foliowing conditions,agree-
<br /> ments and obligations of the Borrower, to-wit:
<br /> ` The Borrower agrees to pay to the Lender, or order, the principal sum of .SIX.THOUSAI•iD._NI�j�._[�jHpRED
<br /> ' _, ,AND,NO/100--.-----.----------_----------.--------------�ollars (US $.6 900 00_................ ..)
<br /> .. . �._..._._
<br /> payable as provided in a note executed and delivered,concunently herewith,the final payment of principal,
<br /> i if not sooner paid, on the-----.1st............. . day of......_..Qc�Alzex---.... .. .. ._...., 19....87.
<br /> Uxiroant CovExnxTs. Borrower and Lender covenant and agree as follows:
<br /> 1. Payxnent of Principal cmd Interest. Borrower shall promptly pay when due the principal of and in-
<br /> terest on the indebtedness evidenced by the Note,prepa,yment and late charges as provided in the Note,
<br /> and the principal of and interest on any Future Advances secured Uy this Mortgage.
<br /> 2: Funds for Taxes and Insurcmce. Subject to Lender's option under paragraphs 4 and 5 hereof, Bor-
<br /> rower sha11 pay to Lender on the day monthly installments of principal and interest are payable under the
<br /> Note, unti2 the Note is paid in full,a sum (herein"Funds") eyual to one-twelfth of the yearly taxes and
<br /> assessments which may attain priarity over t.his Mortgage, and ground rents on the Property, if any plus
<br /> one-twelfth of yearly premium installments for hazard insurance, plus one-twelft.h of,yearly premium in-
<br /> stallments for mortgage insurance, if any, all as reasonabiy estimated initially and from time to time by
<br /> I.ender on the basis of assessments and bills and reasonable estimates thereof,Lender shall apply the Funds
<br /> to pa,y said taxes, assessments, insurance premiums and ground ren�s. 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 tke Borrower, without charge,an annual accounting of the Funds showing credits and debits to the
<br /> Funds and the purpose#or which each debit to the Funds was made. The Funds are pledged as additional 4
<br /> security for the sums secured by this Mortgage. Th+e Borrower agrees that the Funds may be held by 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. -�'r �^
<br /> £''. * "� '
<br /> If the amount of the Funds held by I,ender,together with the future monthly installments of Funds "� -'
<br /> ; payabie prior to;the due dates of taxes;assessments, insurance premiums and ground rents, shall exceed �,�:;
<br /> the amount required to pay said taxes,aesessments, insurance premiums and ground rents as they fall due, '"�
<br /> such excess shall be, at Borrower's option,:'either promptly repaid to Borrower or credited to Borrower on m:-„�.s '
<br /> monthly;installments of'Funds. If the amount of the Funds held by Lender shall not be sufIicient to pay
<br /> t.
<br /> • taxes, assessmenta, insurance premiums and ground rent,s as they fall due, Burrcc��� shall pay to Lender � �.
<br /> any amonnt necessary to�iuike up tlie deGciency wiihin thirty days after notice from Lender i,o Borrower �.:
<br /> requesting payment thereof, or:$orrower shall, by an increase in monthly installments of Funds required,
<br /> repay the deficiency within the Fund accounting period.
<br /> Lgon payivetiL ii� full uf aI]suiiis becureil Ly 6his NPurCgage,Lender snall a�ply Fwi�is he3�i as a�r�di�
<br /> against all sums due. �
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