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<br /> �W�.'�' OPTlONAL FUTURE ADNANCES
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<br /> r ��_w_�r��N FORM No.�Zo
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<br /> toan Number----.z�t$QQ----Iq�--__-L__.
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<br /> 77- , MORTGAGE
<br /> � =� � � t�05 J'71 � �� � � � � �
<br /> THIS MORTGAGE made and executed this ... . 1� .... day of .. �..c..�s�..b�r- :_... A.D.,
<br /> Louis__L... Rauert and Ethel_ E�izebeth �t�uert,,_11u:,banci..a;2d.wiie, �
<br /> 1977 hef.waen the Mort�agor . . � '
<br />� �o nt�y and e h in �helr own right,
<br /> .... ......--��------�---------•-�-- •-• -�--�---•----... -----��----......._----......- � ---.... .--�- --._.-�--�-------�
<br /> of..._.Grand��Island County of ....Ha11 Nebraska
<br /> ......................... .... ._...,State of... ..... . _..,hereinafter referred
<br /> to as the Barrower, and the Mortgagee, FIRST FED�RAL 5AVINGS AND LOAN ASSOCIATION OF
<br /> T,?NCOLN, 2235 "N" Street, Lincol_n, Nebraska 68501, its succes.^>ors and assigaas, hereinafter referre�l t�
<br /> as Lender. �
<br /> WiTxEssETx: That the said Borrower for and in consideration of the sum of T'4,T�NTY._.FI�.:THflUSAND
<br /> Euvli I3u/tuu-- ----------.--Dol:ars
<br /> -- --- --- --- (US$--25...QQ4..QQ.. :_._.:)
<br /> � -- --- ... ..._. .. ..... .... ... _. .
<br /> ; paud by said Lender, does hereby mortgage grant and convey to Lender, its successors and assigns; the �
<br /> . . , . ,._, , . �. .
<br /> . �: . aviivwiug ucscttueu property lUl:il4Gll 1u brte i,vuiii.y ui ......_6�.¢+,�....... .... .......... �La�e v1 �VeUrasxa: . � � � ,..--�
<br /> .�. J . . . � . . .
<br /> ; Lot Three
<br /> �3), Block Nine (9), in West View, a subdivision of the Southeast
<br /> Quarter of the Northeast Quarter (SEuNE,�—�) of Section 17, Townhip 11 North, Range
<br /> 9 T?e�t of +rA Et.h p.M., :ia�7. Cc•,.;.�zt �T�Icbr�.a.
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<br /> 7`ocETxEa witti all the improvements now or hereafter erected on the property, and all easement;s,
<br /> rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and
<br /> water �to�k, anu aIi fixtures now or hereaiier aiiached io the properiy, all oi 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 herebv conveyed and has the right
<br /> to mortgage, grant and convey the Property, that the Property is unencurnbered, and that Borrower will
<br /> warrant and defend generally the title to the Property against all claims and decnands, suUject 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 i'roperty, or (2) attorney's opinion of title from abstract of title certified
<br /> by bonded abstracter.
<br /> Pxov[nEn ALWAYS� and these presents are executed and delivered upon the following conditions,agree-
<br /> ments and obligations of the Borr�wer, to-wit:
<br /> The Borrower agrees to pay to the Lender,or order, the principal sum of TS+!ENTY_,FIVE_THOUS[�ip__
<br /> AND NO/100------------------------------------------ 25 00
<br /> � --�-�-�... .................. ......_.----...----�- --��----------...___..._..... .....-- -.�ollars IJS�.......�.....� DO..
<br /> ( ...._...)
<br /> payable us provided in a note executed and delivered,concurrently herew�th,the final payment of principal,
<br /> ; if not sooner paid,on the_-.--�ix.s�.._..._... day of._....SIiz?r�raber ............._--, 1997--•
<br /> .LTNIFORM COVENANTS. BOI'rOW2T and Lender covenant and agree as follows: . � � � . ��
<br /> 1. Payment of Principal and Interest. Borrower shall promptly pay when due the principal of and in-
<br /> terest on the inclebtedness evidenced by the Note, prepayment and late charges as provided in the Note,
<br /> and the principal of and interest on any Future Advances secured by this Mortgage.
<br /> 2. Funds for Taxes and Insurance. Svbject to Lender's option under paragraphs 4 and 5 hereof, Bor-
<br /> rower shall pay to Lender on the day monthly installments ol principal and ini:erest are pay able under the
<br /> Note, until the Note is paid in full, a sum (herein "Funds") equal t:o one-twelfth of the yearly taxes and
<br /> assessments which may attain priority over this Mortgage, and grouncl rents on the Property, if any plus
<br /> one-twelft,h of yearly premium installments for hazard insurance, plus one-twelfth of yearly premium in-
<br /> stallments for mortgage insurance, if any, all as rc;asonably eytimated initiallv and from time to time b,y
<br /> Lender on the basis of assesGments and bills and rea�onable est.imates thPreof; Lender shall at?ph�the Pun�!s
<br /> to pay said taxes, assessments,insurance premiums and ground rents. Lender shall make no char�e for so
<br /> holding and applying the Funds or verifying and compiling said assessments and bills. The Lender shall '
<br /> give'to the Borrower,withouti charge,an annual accounting of the Funds ehowing creciits and deUits to the
<br /> Funds an�l tfie purpose for which each debit to the Funds was made. The Funds are pledged as additional
<br /> security for the svms secured by this Mortgage. The Burrower agrees that the Funds may be held by the R,4, :
<br /> Lender and commingled with ottier fund�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. �� ���
<br /> If the amount o#the Funds held by Lender,together with tl�e future monthly instaliments of Funds � `�
<br /> ", � payable prior to the due dates of taxes,assessments, insurance pxemiums and ground rents, shall exceed �:��-`
<br /> t13e amount required to pay said taxes,assesstnents, insurance premiums and ground rents as they fall due,
<br /> such-excess shall he, at,Borrower's option, either promptly repaid to Borrower or credited to Borrower on
<br />� mvntniy insBaIltnenis uf Funds. Yf tiie amount of the Funds held by Lender shall not be sufficient to pay
<br /> t�xes, assessiaents, �;uranca preauiucne anci ground rents as they fall due, l3orrower shall pay to Lender
<br /> any amount necessary to make up the deficiency within thirty days after notice from Lender to Borrower
<br /> requesting payment thereof, or Borrower shall, by an increase in monthly instalimen�s of Funds required,
<br /> repay the deficiency within the Fund accountin� pexiod.
<br />. Upon payment in full of all sums secured by this Mortgage,Lender shall apply Funds held as a credit �
<br /> r against all sums due.
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