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<br /> IIVDIVIDUAL
<br /> , DUE ON SALE
<br /> ��j' OPTIONAL FUTURE ADVANCES ,.
<br /> �� SAVINGS FUND
<br /> -� .....��... FOnM No.720 I� '-
<br /> Loan Number__��4�..�--- -122__-_81��^ `,
<br /> � �$'� �J0+0347 MORTGAGE
<br /> ; THIS M�RTGAGE,made and executed this .......................�� day of .. _.__...........��.._.._ A.D.,
<br /> 19..7.�.,between the Mortgagor,_....A747,�..�....H�1x:CFii.g--�A,d...�Rtltia.--R... .�I��usl�Amd...aixd-�------
<br /> �-----•--•---.._.....��.�E�,---3o.�,nzxY_an�...eacT�...i,�..�J;����.••�--�'i�t-----•.............•-•--�--------�-•----------...._....-•------•---•--._ '
<br /> ; of.S37Ca�a.-�51�?a-----•_----., County of ---�k?:11...............•-_.----.,State of_.Nebr�sls�..-----...,hereinafter referred
<br /> to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> LINCOLN, 1235 ^N" Street, Lincoln, Nebraska 58501, its successors and assigns, hereinafter referred to
<br /> as Lender.
<br /> : WiTxEsssTH: That the said Borrower for and in consideration of the sum of�_??�_.�#T��_____________ l,
<br /> ' � _THQIISA�Ll2_.I4Z,TLE..F�J��R_.f�7A.Sto/.100---.----.-------------Dol:ars (US$�3,.9Q9..QQ..-----. -----__----.->
<br /> paid by said Lender,does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br /> ' ' following described property lxated in the County of _......�il ....................... State of Nebraska: `
<br /> Lot Ten (10) in Bishop He3ghts Second Subdivision, fia11 Crnmty,
<br /> Neb=aska.
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<br /> TOCETFIES 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 fiatures now or hereafter attached to the pmperty, all of which, including replace-
<br /> . i 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 /> i Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right
<br /> ta mortgage,grant and convey the Property, that the Property is unencumbered, and that Borrower will
<br /> 'i 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 I.ender's interest in the Property, or (2) attorney's opinion of title from abstract of title certified
<br /> jby bonded abstracter.
<br /> ; P30VIDED 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 .?'RTR'�'._TIiREE_.THOUSAND
<br /> y .._.DTI�lE'__H.U:�?R�I?.AND_NO/100----------------.-.---,-.-.----_--Dollars (US$33�900.00.---...-------••-•----�
<br /> ; payable as pmvided in a note executed and delivered,concurrentIy herewith,the final payment of principal,
<br /> ? if not sooner paid,on the.......---1s�---------..day of.---••-.-.---.<Ianuar�r.--.--•--..-•---> js.9:--20D7
<br /> UxtBoamc CovErrax�rs.Borrower and Lender covenant and agree as follows:
<br /> ' � 1. Payment of Principal�d Interesb Borrower shall pmmptly 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 /> and the principal of and interest on any Future Advances secured by this Mortgage_
<br /> j2. Fuads for Tmces �d Iasur�ce. Subject to Lender's option under paragraphs 4 and 5 hereof,Bor-
<br /> rower shall pay to Lender on the day monthly instaliments of principal and interest are payable under the
<br /> Note,until the Note is paid in full,a sum (herein"Funds") equal to one-twelfth 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 premiiun installments for hazard insurance, plus one-twelfth of yearly premium 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 asaessments and bills and reasonable estimates thereof,Lender shall apply 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 compiling said assessments und bills. The Lender shall
<br /> give to the Borrower,without charge,an annual accounting of the Funds showing credits end debits to the
<br /> Funds and the purpose for which each debit to the Funds was made. The Funds are pledged as additional t-
<br /> ; security for the aums aecured by this Mortgage_ The Borrower agrees that the Funds may be held by the .,0.
<br /> Lender and rnmmingled with other funds 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 amoimt of the Funds held by Lender, together with the future monthly installments of Funds
<br /> � payable prior to the due dates of taaes, assessments, insurance premiums and ground rents, shall exceed
<br /> ,, m t�e amount req�red to pa�y said taaes,asseasments,insurance premiums and ground rents as they fall due, d'
<br /> ' t such excees shaII be,at Boaower's option,either promptly repaid to Borrower or credited to Borrower on
<br /> monthly installmeats of Funds_ If the amount of the Funds held by Lender shall not be sufficient to pay
<br /> taxes,aesessmeafa,inaurance pzemiuma and grouad rents as they fall due, Borrower shall pay to Lender „
<br /> any amount neceseaiy to make up the deficiency withia thirty days after notice from Lender to Borrower " '�`
<br /> requesting payment thereof, or Borrower ahall, by an increase in monthly installments of Funds required,
<br /> repay the deficiency witivn the Fund accounting period.
<br /> Upon paymeat in full of ali aums secured by this Mortgage,Lender shall apply Funds held as a credit
<br /> , against all sums due: �
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