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<br /> �-.,,
<br /> INDIVIDUAL
<br /> . DUE ON SALE
<br /> �RS'i' OPTIONAL FUTURE ADVANCES
<br /> , �_.� SAVINGS FUND
<br />�' � FORM N0.720 ��
<br /> ��a.v�.1� Loan Number--- 35482 _-_ ]„8�_-B���h
<br /> r
<br /> 78-� UOC1589 M O R T G A G E
<br />' THIB MORTGAGE,made and executed this.............�?............. da of.___>,/4...... .A.D.,
<br />. y -- "".4.:,Y...............
<br /> 19.��1..,between the Mortgagor,..A.ona7._d_.K..._S.allinge=..and..Sua..L_..Sallinger.,._husband.-afld-------
<br /> i wife...joiAt�-s...an�..�ash__3Fi...th��.x._9wA...��Sb��.....--------••--•-•.....................••------........_......................----•••-••_•••
<br /> °f------Gra�td_.I�.��n�.-•---, County of--------------Hs].1....._..........,State of...Nehraslca_......,hereinafter referred
<br /> to as the Borrower, 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 />; WITNE3SETFI: TIlBt�he said Borrower for and in consideration of the sum of...FORTY_,TWO,_THOU$A}ID � � ..'
<br />: EIGHT HUNDRED AND NO L00---------------------------- +
<br /> •--------�-••...................�-----�----•---------......-----�------.......----......-•------..............�ol.ars (US$-..42�800..00---................)
<br /> paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigna; the
<br /> following described property located in the County of ._..___..Hall ..., State of Nebraska:
<br /> Lot Thirty-One (31) in LE Heights Fourth Subdivision,
<br /> Ha11 County, Nebraska
<br /> TOCETHEH R'lt}1 8jI tI16 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 ail 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 /> ta 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, snbject 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 Property,or (2) attorney's opinion of title from abstruct of title certi&ed
<br /> by bonded abstracten
<br /> PROVIDED 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..TWO__THOUSAIID._EIGHT
<br /> liUNDRED--APIl]--NA11QAr..----r---r--r.-----r..---r.----r.-.--r.r.-�ollars (US $---42_,.8Q0_D.Q.----.---._--•----) .
<br /> payable as provided in a note executed and delivered,concurrently herewith,the final payment of principal,
<br /> if not sooner paid,on the ----first............. day of..��br��rY.--.---......_.....-,----., �..2p.07.
<br /> � UNIFORM COVENANTS.B0170W6i and Lender covenant and agree as follows: .. . � . �
<br /> 1. Paymeat of Principal and Iaterest 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 Taxes�d Insur�ce. Subject to Lender's option under paragraphs 4 and 5 hereof,Bor-
<br /> rower 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 sum (herein"Funds") equal to one-twelfth of the yearly taxes and
<br /> aasessments which may attain priority over this Mortgage, and ground rents on the Property, if any plus
<br /> one-twelfth of yearly prernium installments for hazard insnrance, plus one-twelfth of yearly premium in-
<br /> stallments for mortgage insurance, if any, all as reasonably estimated initiaily and from time to time bv
<br /> Lender on the basis of assessments and bills and reasonable estimates thereof,Lender shall apply the Funds
<br /> to pay said tases,assessments,insurance premiurns and ground rents. Lender shall make no charge for so
<br /> holding and applying the Funda or verifying and compiling eaid assessments and bills. The Lender Fhall
<br /> _ give to the Borrower, witlaout 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 sums secured by this Mortgage. The Borrower 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 _„_..- �- ' ':�
<br /> irom its own funds and the Lender shall not be liable for interest or dividends on such Funds. �"` �•
<br /> 'If the amonnt of the Funds held by Lender,together with the future monthly installments of Funds `
<br /> payable prior to the due dates of.taaes,assessmenta, insurance preauums and ground rents, shall exceed r r
<br /> the amount reqaured to pay said taxes,aesessmente,insurance premiums and ground rents as they fall due, F '
<br /> such eacess shalt be, at Borrower's option, either promptly repa�d to Borrower or credited to Borrower on < ,*�
<br /> monthly installments of Funds. If the amount of the Funda held by Lender shall not be sufficient to pay w•-.'
<br /> taxes, assessments;insurance premiums and ground rents as they fall due, Borrower shall pay to Lender ,.r,..
<br /> any'amount'necessary to make up the deficiency within thirty days after notice from Lender to Borrower �" �"
<br /> requesting payment thereof,'or Bortower shall, by an increase in monthly instatlmen�s of Funds required.
<br /> repay the deficiency within the Fund accounting period.
<br /> Upon payment in full of all sums aecured by this Mortgage,Lender shall apply Funds held as a credit
<br /> against aIl sums due. �
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