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<br />� � IN6tVIDUAL
<br /> DUE ON SALE �
<br /> �IRST �E'TIONAL FIJTURE ADVANCES �
<br /> c��� SAVINGS FUND �
<br /> � FORM N0.72O �
<br /> r �NCO`N Loan Number----33049 --- 188_-�_l__
<br /> � Type 6�anch .
<br /> . d'e-� .O05f�93 Nl O R T G A G E
<br /> ' THIS MORTGAGE, made and executed this •--...- -...4............ .. day of---.Q.�.:�.Ca.�.e.r..-•-.--.-.---A D.,
<br /> i 19...�.7...,between the'Mortgagor, .T.�..mp��y,;_5,.....Cont�er...and:_Coztinze..I,....Connsr.,..husb:and..and�:wi£e, �:
<br /> ' '�ointly and,each ;in;their own._riSl?�... ........:..::...:..........'----•---...: --...--------- -....... . ..._..,..:_..._ ,
<br /> ....
<br /> . of,__....Grand Island.,.,_� County of ...._:Hall_..,;_ ...._,_.,State of.Si�kx.a�ka...._..;,hereinafter referred
<br /> to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASS(JCIATION OF
<br /> LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to
<br /> as Lender.
<br /> � Wi�rrrEssExx: That the said Borrower for and in consideration of the surn of FIFTY THREE THOUSAND � '
<br /> ,; TWO HUNDRED AND NO/100-------------------------------Dol:ars (US$....53,.?00_00... . .. :.:....)
<br /> .....:- -------- ---------�--.._.... --------•-------._....:.....--�-�---�------•---...---
<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 ._:.......�:all : : _ , State of Nebraska�
<br /> Lot`11, havin� a lake front £ootage of 60 feet, situated on the �ast side of the East
<br /> portion of Kuester Lake and being on a part o£ the East Half of the SouthwestQuarter
<br /> in Section 13, Township 11 North, Range 9 in 'iTa11 County, Nebraska, bounded on the
<br /> Northeasterly side by a comm4n road; such lot is as shown on a plat in the possession
<br /> of the Lessor. '
<br />� s�
<br /> TocETxEa 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 atta�iied to the property, all of which, including repiace-
<br /> ments and additions thereto, shall be deemed to be and remain a part of the pmperty 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 I'roperty 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 /> suring Lender's interest in the Property, or (2) attorney's opinion of title from abstract of title certified
<br /> by bonded abstracter.
<br /> PaovinEn Ar,waYs, 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 pay to the Lender, or order the principal sum of ,�IFT`i..??�RE�...?'L�OIIS,ADTA
<br /> TWO_HUNARED AND NO/i00--------------------------------'Dollars (US$:__:53�.200..00.. _:.._.._:')
<br /> -- ----�---- ••-�--• -•-----------�•-----:.---.....:................ _......_ .
<br /> payAble as provided'in a note executed and delivered,concurrently herewith,t.he final payment.of principal,
<br /> ; if not sooner;paid, on the..._._].st............... day of_.._......_Januar-y--.---..,.-.---.--, 3�-.2000
<br /> ;; IJxiFtiaNt CovENnxTs.Borrower and Lender covenant and agree as follows:
<br /> 1. Payment of Pzincipal and Interest. Borrower shall promptly pay when due the principal of and in-
<br /> r terest on the indebtedness evidenced by the Note,prepayment and late charges as provided in the Note,
<br /> t <and the piincipal of and interest on any Tuture Advances secured by this Mqrtgage. '
<br /> 2. Funds for Taxes and Insurcmce. Subject to Lender's option under paragraphs 4 and 5 hereof, Bor-
<br /> rower shall pay'to Lender on the day monthly ipstaliments of principal and interest are payable uncler the
<br /> Note, until the Note is paid in full,a sum (herein "Funds") equal to one-t�vel#th of the yearly 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 instalLnents for hazard insurance, plus one-twelfth of yearly premium �n-
<br /> stallments #or,mortgage insurance, if any, ali as reasonabiy estimated initially and from time to time by
<br /> Lender on the basis of aFsessments and bills and reasonable estimates thareof,Lender shall apply the Funds
<br /> to gay snid tases, asseasmen±s,ir_surance pre:�ziums and ground rents. Lenricr shall make no charge'For so
<br /> � -' • holding and applying the Funds or verifying and compiling said assessments and bills. The Lender shafl
<br /> 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 Funds was made:`'I`he Funds are`pledged as additional �
<br /> security £or the sums secured by this 1VIortgage. The Borrower agrees that the Funds may be heid by:the ' ,�� ,_,; �
<br /> I.ender and commingled with other fnnds and:the Lender's own funds and the I.ender may pay such items � * �� �
<br /> a.._ .
<br /> from its own^funds`and the Lender"shall not be liable for interest or diviilends on such Funds. '� >.�-'x'
<br /> �
<br /> �, If the amount of the Funds held by Lender,together with the future monthly installments of Funds �fi��,;; :
<br /> payable prior to the due dates of taxes, assessments, insurance premiums and ground rents, shall egceed ",•�Y�
<br /> the amount required to pay said tazes,assessments,insurance premiuins and ground rents as they fall due, „�-
<br /> ` " such'excess ahail be;st Borrower's option,`either promptly sepaid to Borrower or credited t�Borrower on ` �' `b
<br /> monthly inst;allments of Funds. If the amount of the Funds held t�y Y,ender shal: not he sufl'icient to pay
<br />� ; tases,'assessments,insurance'premiums and-ground rents as'theY falC due, Bormwer shall paY to Lender "' '"" �
<br />�` � any amount necessary to make up the deSciency within thirty days after notice from Lender to Borrower
<br /> requesting }>ayment thereof, or Borrower shail, by an increase in monthiy installments of Funds required,
<br /> repay'the deficiency within the F`und accounting peziod.
<br /> llpmn payment izs,full�t al: sums`secure�' 'ay ;his h'do:tgagc,I.,r.der s2:a11 apply=Fvnds held as a c:e�'it
<br /> � against ali sums dne. ` �`
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