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<br /> INDIVI�UAL
<br /> DUE ON SALE
<br /> , ��T OPTIONAL FUTURE ADVANCES
<br /> � SAVINGS FIJND
<br /> � .■� FORM No.720
<br /> r y Loan Number_ 3 _-_
<br /> �4?�__ ._]_8�_--1--
<br /> � . Type Branc� . ,
<br /> ' UOQ258
<br /> 7$- MO RTGA GE
<br />� THI$ MORTGAGE, made and eaecuted this....-----•-�4..--.--..._•---. day of ....._ ... ------------- A.D.,
<br /> ----- •
<br /> '�..7.-.-
<br />� 19..��__,between the Mortgagor, ..Ga},rle_Herbgt._�nd...l;ok.eFX�...7.....He.rb�t.,...husb.attd..amd .t,+�,£e.,._.....
<br />: jointly,_and_each_in.their.owq_right__..__, ;
<br /> --•--•-------••---.....----...---�---•-------------•------...--�----...-----------�---••-----.....--
<br /> s of ..Grand_Island_ . County of ..._.._Hall__________ _____�State of...�?ebza.ska.._..,hereinafter referred
<br /> to as the Bormwer, 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 Lender.
<br /> W[TrrEssErH: That the said Borrower for and in consideration of the sum of F'QZtTX..PALT,Ii..T1i0USAZID
<br />; _.AND NO 100-----------------------------------------�ol:ars (US$...44...O.QO.D.O----- -----.....J
<br /> •----�--._.....-•-�--•---------�----��--------------------------------------------- -----�-• �-�
<br /> paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br /> i following described property located in the County of_...__.....Hall_______________________� State of Nebraska:
<br /> Lot Nine (9) and the Easterly 12.75 £eet o£ Lot Ten (10) in Block Six (6) in Ashton
<br /> Place, an Addition to the City of Grand Island, I3a11 County, NebrasY,a.
<br /> , TOGETHER Wlttl all the improvements now or hereatter 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 atock, 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 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 hereby conveyed and has the right
<br /> to mortgage, grant and convey the Property, that the Property is unencumbered, and that Bonower cvill
<br /> warrant and defend genei�ally the title to the Property against all claims and demands, subject to any
<br /> easements and restrictions liated 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 abstracten
<br /> � PEOVIDED 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 agrees to pay to the Lender or order, the principal sum of ..FORTY..FOUR__TIIOU�AND__
<br /> AND NO/100---------------------------------------:�ollars (US$-...44:OOQ.00
<br /> --•---------�-•--••-------•----•----��----•--�-------------------•-•---•--•--�-
<br /> - ---- -� -�---�---- ......._..
<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-._--...1st_....------. day of-------------------EPh,��r�,......---> �.-2007
<br /> UNIFORM CovexaxTs.Borrower and Lender covenant and agree as follows. � � � � �
<br /> I. Paymeat of Principal�d 7nterest. Borrower shall promptly pay when due the principal of and in-
<br /> terest on the indebtedness evidenced by the Note,prepayr�ent 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. Fuads for Taxas aad Insur�ce. Subject 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 paid in fult,a sum (herein "Funds") equal to one-twelfth of the yearly taxes and
<br /> assessments which may attain priority over this Mortgage, and ground ren�s on the Property, if any plus
<br /> one-twelfth of yearly premium installments for hazard insurance, pius one-twelfth of yearly prernium in-
<br /> stallments for mortgage insurance, if any, all as reasonably estimated initially and from time to time by
<br /> Lender on the basis of assessments and bills and reasonable estimates thereof, Lender shall apply the Funds
<br /> to pay said taxea,assessments,inaurance premiums and ground rents. Lender shall make no charge for so
<br /> holding and applying the Funds or verifying and compiling said assessments and bills. The Lender shall
<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 debit to the Funds was made. The Funds are pledged as additional
<br /> security for the aums secured by this Mortgage. The Borrower agrees that the F�nds may be held by the ^�
<br /> Lender and commingled with other funds and the Lender's own funds and the Lender may pay such itema
<br /> from ite own funda and the Lender shall not be liable for interest or dividends on such Funds. �:N y
<br /> If the'amount of the Funda held by Lender,together with the future monthly installments of Funds �
<br /> payable prior to the due dates of taxes, asseesments, ineurance premiums and ground rents, shall exceed
<br /> the amouat required to p�y said taaes�8sse��ents,insurance preauums and ground rents as they fall dne,
<br /> auch eaceas shall be,at.Borrower's option, either promptly repaid to Borrower or credited to Borrower on `'�
<br /> monthIy installments of Funds. If the amount of the Funds held by Lender shall not be sufficient to pay - •�,a,
<br /> �es, sssessments, insurance premiums and ground rents as they fall due, Borrower shall pay to Lender ;
<br /> y amount neceseary to make up the deficiency within thirty days after notice from Lender to Borrower
<br /> requesting payment thereof, or Bonower shall, by an increase in monthly installments of Funds required,
<br /> repay the deficiency within the Fund accounting period.
<br /> L7pon payment in full of all sums secured by this Mort�aRe.Lender shall apply Fnnda held aa fl credit
<br /> aS��t all sums due. �
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