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<br /> IIVDNIQUAL
<br /> DUE ON SALE
<br /> Fl� � OPTIOfVAL FUTURE ADVAN�ES
<br /> SAVINGS FUND
<br /> rcv��ai��� FORM No,720
<br /> UNC�N 34777 — _188 —1
<br /> r Loan Number------------- ---- _-
<br /> � Troe �e.a��+,
<br /> Ni O R T' G A G-E
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<br /> ' THIS MOR,TGAGE, made and executed th�s � - day of d�-�o�e.�'- _.. A.D.,
<br /> ' 19.._�._,between the Mortgagor, _Ggorge.W.._ Schroeder_and Linda. L�.,Schroeder,..h�sb�tld.and._.
<br /> ' <w�f'e jointly and each in their own right --------------
<br /> , .._ ..- •---.... . .. .............•�----- •-•- -- -------..._.
<br /> Grand Island Hall �- � _t
<br /> of...... . ........ :... .:...:..... rJounty of .. _.. .,._. :._....- --,State of Nebraska . .,,..er�..,�..tzr rc.e�c�:
<br /> ta as the Borrower, and the Moztgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> LINCOZN, 123b ``N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereina£ter referred to
<br /> as Lender.
<br /> ? Th�t } 'd Borrower for and in consideration of the sum of _FIFTY TWO THOUSAND
<br /> � EI��L�S�D A1VI3 IQ��1�--------------------------- •.---
<br /> _ a ---•-- ..:...... .......:.... ... ........ -----...__.:...--��- ----��-----�--�•-----._.. __.....Dol:ars (US �u:..52,800_00 ---.._.--�-?
<br /> paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br /> following described property located in the County of._.: .Ha11 .__, State of 1Vebraska:
<br /> Lot Ten (10), Capital Heights Eighth Subdivision, Ha11 County, Nebraska.
<br /> .
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<br /> TocETxEs with all the improvements now or hereafter erected on the property, and all esasements,
<br /> rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and
<br /> Qvater s*ock, �n3 all fi�tcres r.o:;� cr heraft�: 44tFl�.hed tc tr�� property, atl ai which, inclading repifice-
<br /> meats and additions thereto,shatl be deemed to be and remain a part of the propecty covered' by this
<br /> Mortgage; and all of the foregoing, together with said property (or the leaseholcl estate in the event this
<br /> Mortgage is on a leasehold) are herein referred to as the "Property".
<br /> Borrower covenants that Bonower is lawfully seised of the estate hereby conveyed and laas the right
<br /> to mortgage, grant and convey the Property, that the Property is unencumbered, and that Sorrower will
<br /> warrant and defend generally the title to the Property against all claims and demands, subject to an3
<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 /> �, PxovinEn AtwnYs, and these presents are executed and delivered upon the following conditions,agree-
<br /> ments and obligations of the Borrower, t.�-wit:
<br /> i' -
<br /> The Borrower a rees to a to the Lender, or order, the principal sum o�IFTY TWO THOUSAI�ID
<br /> �g_ py . .. .... _.
<br /> ._EIGHT HUNDRED AND NO/100------------------------- ...Dollars (iJS $... 52�800.-DO---...: ..._)
<br /> -��-�-�---•--•--•------------------------•----�------�- --•----.....--�---•-��----
<br /> payable as provided in a note executed and delivered,concurrently herewith,the final payment of principal,
<br /> ' ` if not sooner paid, on the _..._.:lst._.._....___day of.._..Actober-.... .._, ........, ]t0c.:2D06 `
<br /> ` U�vxFoxmc Covr:xaxTs. Borrower and Lender covenant and agree as follows:
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<br /> 1. Payment of Principal and 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 /> � a�d the princioal of and interest on any Future Advances secured by this Mortgage_
<br /> ? 2. Funds for Taxes and Insurance. Subject to Lender's option under paragraphs 4 and 5 hereof, Bor-
<br /> rower shali pay Lo Lender on the day monthlp installments of principal and interest are pa_yab3e under the
<br /> IVote;until the :�.ote is'paid in full,a sum (herein"Funds") equal to one-twelfth of the yearly taxes and
<br /> ' zsyessments which may attain priority over this Mortgage, and ground rents on the Property, if any plus
<br /> ' ^�t�:f�. �. y2s.-;y F.:�.-.,::s: ;;stsllments for l�xtard insurance, plus one-twelfth of yearly premium in-
<br /> staliments foT mortgage insurance, if any,all as reasonably estimated initiall}� and from time to time by
<br /> Lender on the basis of assessments and bills and reasonable estimates thereof,Lender shall appl_y 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 cotnpiling said ass�ssrnents an�i bilis. The Lender shall
<br /> i ' give to the Borrower,without charge;an annual accounting of the Funds showing credits and debits to the
<br /> � Funds and the purpose for which each debi£to the Eunds was macle. The Funds are plec3ged as additional �
<br /> security for the sums secuied by this Mortgage. The Borrower agrees"that the Funds may be 3ield by the r
<br /> � Lender and commingled with other funds and the Lender's own funds and the`Lender may pay such items .�-:� +'�
<br /> jfmm its own funds and the Lender shall not be liable for interest or dividends on such Funds. �,�"a �N ;; �"
<br /> If the amonnt of the Funds held by I.¢nder,together with the future monthly installments of Funds r'�'�
<br /> ; �' payable prior,to the due dates of taxes, assessments, insurance premiwns and ground rents, shall exceed � g p�
<br /> r the amount reqvired to pay said taxes,assessments, insurance premiums and ground rents as they fall due, ;:�',:
<br /> ,: such e�tcess:shall be,at$orrower's'option,either promptly repaid'to Borrower or credited to Borrower on , , . ;y„r,._". ,
<br />� tx.unthly instalirnents of �uia�i. If the amount ot tiie-Funds Iaeld by Lender shall not be sufiicient i;o pay
<br /> ;a;
<br /> taxes,,:sscssments,insurance premiums and graan� rents as they #all d�ae,Borrower shall pay to Lender
<br /> any amount n�essaxy to xnake up the defiCiency within thfrrty days after notice from Lender to Borrower
<br /> requeati:ig paymemt thereof, or Borrower ahall, by an fncrease in monthly installments of Funds required,
<br /> repay the de&ciency within the Fund;accounting period.
<br /> i�pon payrnent in full af all sumc secured`by this Mortgage,Lender sha11 apply Funds held as a credit
<br /> � against all sums due. I
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