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<br /> INDIVIDUAL
<br /> DUE ON SALE
<br /> �R� OPTIONAL FUTURE ADYANCES
<br /> SAYINGS FUND
<br /> ,� r . . �F�� .FORM.No.720 � � . .
<br /> 1' �-'NCQLN Loan Number____34793_-_192__-_1.___
<br /> � ' � � � � . � TyOe F3�anch .
<br /> .���! � . � . � . . � � �
<br /> NCO RTGAG E
<br /> ;
<br /> ' THIS MORTGACE, made and executed this ...._..._:5.................. day of ......��..�s^s-.........._._,..A.D.,
<br /> ' ' 1977....:.,between the Mortgagor, ...�.Chr3sd.:A..._Linds�y.,....Ir_.._.and..Lix�a..S._Lindsay.,..h�band--arid
<br /> wif e o...10 int1Y..and,_each_.i�...�he.i.x._Qia�a..x3.8,b.k.,...---...-�---••.......:...................._----�----•-•---------�----_._....---_..---
<br /> ap ___.__Grand,_Island__...__� County of_._.._.....Ha7.1..................State of_DIeb.r.aska_..._:.,hereinafter Teferred
<br /> to as the Borrower, and the Mortgagee, FIRST FEDERAL SAV3NGS AND LOAN ASSOCIATION OF
<br /> LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to
<br /> as Lender.
<br /> F � 'r • '�kbat th e said Borrower for and in consideration of the sum of_.THIFTY.iJIi1E_THOUSAND
<br /> , : NINE �T��� �D /100------------------------------- � 3
<br /> -------------------......._..........-..----._Dol.ars (US$.. 9,900..00.-° -•---.....)
<br /> -- .._.....................�------ �
<br /> paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br /> foliowing described property located in the County of .xall .,., State of Nebraska:
<br /> Lot Seven (7), in Blocls One (1), Lake Davis Acres Subdivision, HaLl County,
<br /> Nebraska.
<br /> Toc�xxEx 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 righta, 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 an3 remain a part of the property covered by this
<br /> ivlorigage; and aiI oi the foregoing, together wiih saici property (or the leasehold esiate in ihe even't ihis
<br /> Mortgage is on a leasehold) are herein referred to as the "Property".
<br /> Bormwer covenants that Barrower 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 ali 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 froin abstract of title certified
<br /> by bonded abstracter.
<br /> Fxov[nEu ALWAYS, and these presents are executed and delivered upon the following conditions,agree-
<br /> ments and obligations of the Borrower, to-wit:
<br /> The Borrower agree� to pay to the Lender, or order, the principal sum of..THIRTY, NINE.,THOUSAND_
<br /> � NINE flUNDRED AND NO/100---------------------------'"�ollars (US $. 39 90D 00.... ......... .)
<br /> � - �-- -�-------��..................._.........--...... .----�----....:_....---....._ . ....-- ��---'--. _.
<br /> payable as provided in a note executed and delivered,cancurrently herewith,the final gayment of principal,
<br /> ' if not sooner paid,on the _..._.1st . day of....October �._2006
<br /> UxiFoaM CovExax'rs_ Borrower and Zender covenant and agree as follows.
<br /> 1. Paymeni of Principal�d iTnterest. Borrower shatl promptly pay when due the principul of and in-
<br /> ' terest on the indebtedness evidenced by the Note,prepayment and late charges as provided in tihe Note,
<br /> and the principal of and interest on any Future Advances secured by this Mortgage.
<br /> 2. Funds for Taxes and Tnsurance. Subjecf; to Lender's option under paragraphs 4 and 5 hereof,Bor-
<br /> rower shall pay to Lender on the day monthly installments of principal and interest.are payable under the
<br /> Note, until the Note is pa.id in full, a sum (herein"Funds") equal to one-twelfth of tlie yesrly taxes and
<br /> assessments which may attain priority over this Mortgage, and ground rents on the Property, if any plus -
<br /> one-twelfth of yearly premium installments for hazard insurance, plus one-twelfth of yearly premium in-
<br /> stallments for inortgage insurance, if any, al] as reasanably estimated initially and from time to time by
<br /> I.ender on the t�asi�of a�se�sment�and billc and re�e�onable estiinates thereof, i,end�r�hall apply t.he Fun��s
<br /> to pay said taxes,assesrments, insurance premiums and ground rents.Lender shall malce no charge for so
<br /> holding and applying the Funds or verifying and compiling said assessments and bills. The Lender shali
<br /> give to the$orrower, without charge,an annual accounting of the Funds showing credits and debits to tl�e
<br /> Funds and the purpose for which each debit to the Funds was made. The Funds are pledged as additional
<br /> securiby for the sums secured by ttus Nlortgage. The Borrower agrees that t.he Funds may be held by the ,'� -. ,'�y '
<br /> Lender and comming3ed with other fun8s'and the Lender's own funds and the Lender may pay'such items � '�� t,
<br /> from its own fands aad the Lender sfiall not be liable for interest or dividends on such Funds. �; � ,'�`�-,2,"',; .
<br /> � If the amount o£the Funds held by Lender,together with the future monthiy installments of Funds i�,
<br /> ' a able nor to the due dates of taxes,assessments, insurance �" �'�"
<br /> Q y p � premiums and ground rents, shall exceed �w,�a,,,
<br /> the amount required to pay said taxes,assessments,insurance premiums and ground rents as they fall due,
<br /> such"excess shall be, at Bort�ower'saption;eitber promptly repaid to Borrower or credited to Borrower on
<br /> monthly insfiallment�' of Funds; If the amount of'the Funds held by Lender shall not be sufficient to pay
<br /> iaxes, assessments,insurance premiums and gmund rents as they fall due, Borrower shall pay to Lender � .� ,.
<br /> any amount aecessary'to make up the deficiency within thirty days after notice from Lender to Borrower
<br /> requesting payrnent thereof, or-Borrower shail; by an increase in manthly installmen�s of Funds required,
<br /> rrepag t.he deficiency wit.hin the`Fiind accoimting periocl.
<br /> Upon payment in fuil of ali sums secnred by this Mortgage, Lender shall apply Funds held as a credit �
<br /> � against all sums due.
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