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<br /> �� INDIVIDUAL
<br /> DUE ON SALE
<br /> �5'r OPTIONAL FUTURE ADVANCES
<br /> SAVINGS FUND
<br /> _ . ;�� .FORM NoJ20 � . I,
<br /> r Loan Number_�5_421._--- -,J.&8' 'e..��l i
<br />;�
<br />; �78`000399 M O R T G A G E
<br /> i THI$MORTGAGE,made and executed this ...................:......��day of.. ................. ...__.. A.D.,
<br /> cz�r'u'ait"`-�-._.. ,' , ;
<br />; 19._7�..,between the Mortgagor, _..�erry_L.t__Fegte�,_and_.xCristine_.�.___���F�„�uab�nd..and._wi„£e, :
<br /> ______________________________jointly,and__each 3.n their_own right
<br /> ••-•----- ••------------------•---------•••••- :
<br />? of--- �and_Island ._... ., County of �11------ ....----,State of Nebraska---..,hereinafter refeaed
<br /> i to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> LINCOLN, 1235 "N" Street, Lincoln, Nebraska 6850I, its successors and assigns, hereinafter referred to
<br />; as Lender. � � � �
<br />�
<br />� WirxEss�rx: That the said Borrower for and in consideration of the sum of_.�??ENTY..5���__,,...,,,.
<br />� ZSOUSAND AND NO/100-------------------------------.Dol.ars (US�^----27,,000-�UU ---•--••--)
<br /> ••------.....--•----•-•-•-------------------�--._.......-----•--------...---.......------•-•-�-•-------....... .
<br />� paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br /> j following described pmperty located in the County of..............Hall_____..___.___... � State of Nebraska: '
<br /> i
<br /> I,ot Five (5), in Block Three (3), in Woodbine Addition to the City
<br /> of Grand island, Hall Courrty, Nebraska.
<br /> TocExxee 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 etock, 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 Borrower will
<br /> warrant and defend generally 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 abstracter.
<br /> PBOVIDED ALWAY3� 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...�?�.SEVEN._THOUSA�ID
<br /> Ll�IA_L�TO,(100--.-------------_-.---_------,---------_---------.Dollars (US$---27�000.00 . .
<br /> payable as provided in a note executed and delivered,concurrently herewith,the final payment of principal,
<br /> if not sooner paid,on the...............ls.t...--- day of._.----.--F.ehrl�a.ry.------.-.-_-----�ck9.2Q�.7 '
<br /> Uxisonnz Covexarrrs. Borrower and Lender covenant and agree as follows
<br /> 1. Payment of Prindpal and Interest. Borrower shall promptly 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 /> 2. Funds for Tmces�d Insur�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 payaUle 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 /> aesessments 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, 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 assessments and bills nnd reasonable estimates thereof, Lender shail app]y the Funds
<br /> �PaY eaid taxes,assessments,insurance premiums and ground rents. Lender shall make no charge for so
<br /> holding and applying the Funds or verifying and com�iling said assessments and bills. The Lender shall
<br /> give to the Borrower,without charge,an a�ual accounting of the Funds showing credits and debits to the i
<br /> Funds and the purpose for which each debit to the Funds was made. The Funds are pledged as additional
<br /> sewrity for the sums aecured by this Mortgage. The$orrower agrees that the Funds may be held by the -,�, ,,
<br /> Lender and commingled with other funds and the Lender's own funds and the Lender may pay such items ��r--�
<br /> ftom its own,funds-and the Lender shall not be liable for interest or dividends on such Funds.
<br /> If the amount of the Funds held by Lender,together with the future monthly installments of Funds � � � '
<br /> payabie prior'to the due dates of taxes,assessments, insuraace premiums and ground rents, shall exceed � �
<br /> the amoun,t requireti to pay saiii taaes,asseesments,insurance premiums and ground rents as they fall due, s
<br /> siich:;eac.eay'shall be,at Bortower's option,either promptly repaid to Borrower or credited to Borrower on
<br /> _ monthly installments,of Fnnda..If the amount of the Funds held by Lender shall not be sufficient to pay � "Y �. "
<br /> ta�ces, eesesemeats; insnrante premiums and ground rents as they fall due, Borrower shall pay to Lender '`��'
<br /> any amount necessary to make up the deficaency within thirEy days after notice from Lender to Borrower ' �� '�'
<br /> neqveating payment thereof, or Borrower shall, by an increase in monthly installments of Funds required,
<br /> repay,the deficiency'within the Fund accounting period.
<br /> iTpon paymenE in-fnll of all suma secured by this Mortgage,Lender shall apply Funds held as a crndit �
<br /> against all sums dne. -
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