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<br /> , _ INDIVIDUAL ' '
<br /> f DUE-ON SALE
<br /> �� � OPTIONAL FUTURE ADVANCES .
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<br /> � SAVINGS�FUND � � � .�` , ,�
<br /> , FORM NOJ2O . . . . . � , .� .; °.�SY
<br /> � ` Loan Number__35132 — 199e-- -e1 c^ ` . ��,
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<br /> 78-� �JOQ�04- MORTGAGE . t'�
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<br /> !�( THI3 MORTGAGE,made and executed this.......................�,5 day of�..�._f?'��.u�_ _.__...J.. A.D., F= �
<br /> t 19_�.�:,between the Mortgagor,..Jack_D._.J.4.i?�s..$Ad.--Atln.--S'---JvA�4a..htfsb.and._aad_.w �e,,._�niatly ' � ',
<br /> � and each in their.own right, �
<br /> _ _... .••-------•---••--••-•-••-•....................................••-•-------•-----...............•---•---•----•-•-•-- '
<br /> of .....Grand Island . County of ............Hall..•.............State of---Nebxaslca_...._.,hereinafter referred �
<br /> ......... .._....
<br /> � to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS RND LOAN ASSOCIRTZON OF
<br /> LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns,hereinafter referred to
<br /> as Lender. �
<br /> ; ,
<br /> • � WiTrr�ssET : That the said Boaower for and in consideration of the sum of.FORTY_.SIX,THOUSAND
<br /> SIX HDNDRED HAND NO/100------------------------------Dol:ars (US$---46�600 00 ) `
<br /> ... .........---...._.._..............................._.........--------�---...----•---.._..-----........_
<br /> ........ ......
<br /> ' � paid by said Lender,does hereby mortgage, grant and convey to Lender, its successors and assigns; the �" . `-
<br /> following deacribed propertylocated in the County of .............................�a?:?: State of Nebraska: " " '
<br /> ..� . .... a f.
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<br /> � Lot Three (3), BlodCFour (4), in Brentwood Subdivi.sion in the City of ,`,
<br /> � Grand Islaad, Ha11 County, Nebraska.
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<br /> � TocaTxsa 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 atock, and all fixtures now or hereafter attached to the property, all of.which, including replace- # "
<br /> menta 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 oa a leasehold) are herein referred to as the "Property". �
<br /> Borrower coveaants 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 listed in a achedule of exceptions to coverage in any title insurance policy in- (;
<br /> ',"�:' auring-Lender's interest in the Property,or (2) attorney's opinion of title from abstract of title certified �
<br /> � by bonded abstracten � :
<br /> ' � Peovinsn:ALwnYs, and these presents are executed and delivered upon the following conditions,agree- ''
<br /> �' ments and obligations of the Borrower, to-wit:
<br /> .�
<br /> '" Theg orrow to pay to the Lender._or order, the principal sum of FORTY SIX THOIISAND SIX ' `
<br /> �: HUNDRED AND NO/��.��rees---------------------------- 46,600.00---............... r ..,
<br /> ...._...-•------------------••---••-----•----•••-----••••--•--•----._...._...._......._.._...-------....�ollars (US$•--...----•---..._........:----�---••••-) : <
<br /> r payable as provided in a note executed and delivered,concurrently herewith,the final payment of principal,
<br /> � if not sooner paid,on the-------3s,�---••---•----- day of_......�:ebr.uary..__...----_•---...._, ]�.20D7 ,
<br /> �' UxYFoaM Covsrltuwrs.Borrower and Lender covenant and agree as follows:
<br /> �� L Payment of Priaeipal�d 7aterest Bortower shall promptiy pay when due the principal of nnd in- '
<br /> , j`� terest on the indeStedness 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: Fuads for Tmces aad Insur�ce. Subject to Lender's option under paragraphs 4 and 5 hereof,Bor-
<br /> rowe;ahall pay to Lender on the day monthly installments of principal and interest are payable under the
<br /> , Note,until the Note is paid in full,a aum (herein "Funds") equal to one-twelfth of the yesrly tues and
<br /> � asseaements which may attain prio�ver this Mortgage, and ground rents on the Property, if any plus
<br /> "'one-twelfth of yearly p=emium ents for hazard insurance, plus one-twelfth of yearly premium in-
<br /> stallments for mortgage insurance, if any,ail as reasonably estimated initially and from time to time by
<br /> i Leader on the basis of assessments and bills and reasonable eatimates thereof,Lender shall apply the Funds
<br /> to pay said-taxes,asseasments,insurance premiums and�ro und rents. I.ender ahall make no char�e for so
<br /> holding and applying the Funds or verifying.and compiling said assessments and biIls. The Lender shall
<br /> �? � give.to the Borrower,without charge,an annuel accounting of the Funds showing credits and debits to the
<br /> Funds and the purpose_for which esch debit to the Funda was made. The Funds are pledged as additional '
<br /> � aecurity;for thesi�s secured by this Mortgage. The Borrower agrees that the Funds may be held by the ` �:
<br /> I:eader and comaiingled:with other funda and.Ehe Lender's own funds and the Lender may pay such items �^��""
<br /> - fiom i�s:own funds and the Leader ahell not be liable for interest or dividends on such Funds. , �
<br /> t If the amouat of the Funds held by.Lender,together with the future-monthly installments of Funds � '
<br /> ,�� ' payable pnor,to.the due.dates of-tazes,.aasesaments, insuraace pz+emiums and ground rents, shall eaceed � rr .
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<br /> � ' tIt��amozint rec�uired to pay said taaes,assessznenta,insuisnce premiums and grouad rents as they fall due, ��.
<br /> � sucfi eacess,shall;.�e,at Botrower's option,ei,ther promptly repaid to Borrower or credited to Borrower on Y :;�" ,
<br /> �i^ tnoathly�-'instsllmenta ofs Funds. If the amount of the Funds held by Lender shall not be sufficient to pay w�- �s �
<br /> taaee;'a8sesements, insurance premiuma and,ground rents as they`fall dne,Borrower ahall pay to Lender "
<br /> ,� > W�;� _�-r '>
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<br /> �; any�amourit neceessry,to;make up the deficiency.within,thirLy,days after notice from Lender to Borrower
<br /> .. reqneeting payment thereof, or Borrower';ahall, by aa increase in monthly installments of Funds required,
<br /> '� repsey the�eficiency tvithin the;'b`�md aei:ountiag penod.
<br /> k Upon payinent iri fuIl of all suma secured by Lhix Mortgage,I.ender shall apply Funds held as a credit �
<br /> against all sums due_
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