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<br /> INDIVIDUAL .
<br /> DUE ON SALE
<br /> �'iRST OPTIONAL FUTURE ADVANCES
<br /> ���� SAVINGS FUND
<br /> � � FORM No.720 � . � � �� . � � �
<br /> �tNC�L� Loan Number---34722__-_188__-"_1,__
<br /> ���. �. . � . ' � . � � . ' iYPe � BYanlh
<br /> 77- Oo5� 13 r� o R r � A � E
<br /> THIB MORTGAGE, made and executed this ,..... ��... ......: day of .........��G�<-r...... _.._ A.D.,
<br /> ` ; 19._77...,between the Mortgagor, ------R,ayro.omd..H.._..�xans..an�i_.Ma,z�y..�L....�vans.,--7auska.mti_amd..wz.£e,.
<br /> ; - -------- ----------- --------�------aa��a�lx.:aa�.d_.�s.c�i._�.�a._..the.az..oY?n..x.ighz....-�---�---...........--�-----�---�--...:.._.....:.---
<br /> " of _....C:Fax],d__z��..�1Ra_......_, County of..:.:.:.:. 73a1.1...:.:.......:....State of...NQkxra.&ka.....:..,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 I,ender.'
<br /> ' WiTxESSErx That the said Borrower for and in consideration of tlie sum of ?�NTY SEVEN_1gi0USAND
<br /> ' ZS�70 HUNDRED AND NO/i00 ---------------------------.-.Dol.ars (US$...27.,200,.00
<br /> ... ._.......) ;
<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 .._...Hall .._._.,__„ State of Nebraska:
<br /> ;
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<br /> Lot Fifteen (15), in Block One (1), in Dale Roush Second Subdivision situated in
<br /> part of the East Half (E2) of the SouthwestQuarter (SWu) of Section 1�+, Township
<br /> 11, Range l0 West of the 6th P.M., Hall County, Nebraska.
<br /> ToceTftr.e with all the improvements now or hereafter erected on the property, and all easements,
<br /> rights, appurtenances, rents, royalties, mineral, oil and gas righ�s 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 addiLions thereto,shall be deemed to be and remain a part of the property covered t�y this
<br /> Mortgage; and all o£the foregoing, together with said property (or the leasehold eatate in the event this
<br /> � Mortgage is on a leasehold) are herein referred to as the "Property".
<br /> Borrower aovenants that Borrower is lawfully seised of the estate hereby conveyed and has the right
<br /> to rnortgage, 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 /> suring Lender's interest in the Property,or (2) attorney's opinion of title from abstract of title certified
<br /> by bonded abstracter.
<br /> PxoviU�n ALWAYS, and these presents are executed and delivered upon the fellowing 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 o£ ..�NTS�_.SEyE�T_.�QU&Fi�ID :
<br /> ; ' .�dO..HIR�TA�iF.R..E�?ID..�0�100-.-----.---------.-.----.-.----.-----_:Dollars (US S._27,200. 00.-- ... _.._._
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<br /> payable as provided in a note executed and delivered,concurrently herewith,the final payment oi principaI,
<br /> `s if not sooner paid,on the..:__..lst--.-------.. d1y of ---...November..... ....._._..., y$.�Q02
<br /> UN[rroanz CovExaNTs. Borrower and Lender covenant and agree as follows:
<br /> 1. Payment of Principal and Interest. Borrower shall promptly pay cvhen due the ptincipai uf and in-
<br /> terest on the indebtedness evidenced by the Note, prepayment and late charges as provided in the Note,
<br /> and the principai of and interest on any Future Advances secured by this Mortgage.
<br /> 2: Funds foz Taxes and Insur�ce. $ubject 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 TVote is paid in full,a sum (herein "Funds") equal to one-twelfth of the yearly taxes and
<br /> i assessments which may attain priority over this Mortgage, and ground rents on the Property, if any plus
<br /> one-twelfth of yeariy premium installments for hazard insurance, plus one-twelfth af,yearly premium in-
<br /> stallments fox mortgage insurance, if any, all as reasonably es#imated initially and £rom time to time by
<br /> ` Lender on the basis af assessnients and bills and reasonable e5t.imat:es thereof,Lender shall appl,y� td�e P'uncls
<br /> to pa,y said taxea,assessmenis,insurance premiums and ground rents. Lentier siiail rnake no charge ior lo
<br /> holding and applying the Funds or verifying and compiling said assessinents and bills. The Lender shall
<br /> give to the Borrower,,without charge,an annual accounting of the Funds show�ing credits and debits to the
<br /> Funds and the pnrpose for a�hich each debit to the Funds was made. The Funcis are pleciged us additional
<br /> security for the sums secured by this Mortgage.The Borrower agrees that the Funds may l�e held hy the
<br /> Lender and camrningled with other funds and the Lender's own funds and the Lender may pay such items "� "`' *"r� �
<br /> ..._....
<br /> #rom`its own funds and the Lender shall not be liable for interest or dividends on such Funds. p4 ,�„�-
<br /> If the amount of the Funds held by Lender,together with the future monthly installments of Funds �' '
<br /> payable prior to the due dates of taxes, assessments, insuiance premiums and ground rents, shall exceed a x`
<br /> � the amount,required to pay said tases, a�sessments,insurance premiums and ground rents as they fall due, .. "„-"'
<br /> such excess shal]be;at Borrower's bption,'either promgtly repaid to Borrower or credited tc�Borrower on
<br /> mer.tr2y snst.al2zaents af Funds. If the amount of the Funds held by Leader shall nct�e sufHcient to puy
<br />� taxPa,'assessmersts, insuranee gzemiums and grourd rents as they fall due, Sorrowe� sha?1 pay to L�nder
<br /> any amount necessary`to make up the de&ciency within thirty days after notice from Lender to Borrower
<br /> requesting payment thereof, or Borrowex sha11, i�y an increase in monthly installments of Fun�>required,
<br /> repay the deficiency within the Fund accounting period.
<br /> Upon payment in full of sll sums secured by this Mortgage,Lender shall apply Funds held as a credit
<br />�' �; against nil sums due. , �
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