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<br /> INDIVIDUAL
<br /> + DUE ON SALE
<br /> ' �R�' OPTIONAL FUTURE ADVANCES
<br /> SAVINGS F'UND
<br /> i ���� FOnm No.�20 . . � .
<br /> _ : i
<br /> � Loan Number__ 34407__—_ 188------1- � ,
<br /> TYOe Brsnc�
<br /> � �g..:, 00059� M O R T G A G E
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<br /> ; �iI9 MORTGAGE,made and executed this-.------•�-�---......... day of ...... ............... .. .........A.D., "
<br /> ' 19.�d...,between the Mortgagor, ...3.�.m..13.._..Sk���a..amd..�.ar.kaxa..J,...�ke�n.,... !aab.�si..s�.fe-�---...... . `
<br /> � �:
<br /> �
<br /> ; i�int�:s �a �8�i...�n._t�e��...�..x�$hx.,...-•---•-•------•........--•-•-----...-•----•---•-•---••-----._...--•••----.....--•-•-----�-----•••......
<br /> � Wood Riyer_......-•---• County of ..............Hall--------......,State of....1`T�kr�sl�_.•--.,hereinafter referred ;� `
<br /> of ._...•--
<br /> to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its eucceasors and assigns, hereinafter referred to
<br /> ; �
<br /> as Lender.
<br /> ; WixlvEssETx: That the said Borrower for and in consideration of the sum of...T..�'�ENTY_EI�AT„�Qj1SAND `;' `, -`
<br /> :3 EIGHT__HUNDRED_,AND.NO,(100--------------r.---__--r-----r_—�ol:ars (US$----2.$.$DA..QQ................) ;
<br /> paid by said Lender,does hereby mortgage, grant and convey to Lender, its auccessors and assigns; the
<br /> ,t following described property located in the County of ............Hall.____,_..,._„____,__.,, State of Nebraska: ' `.
<br /> The Southerly Eighty feet (S 80') o£ Lot Two (2), i3lock One (1), in
<br /> West North Lawn Second Addition to the City of Wood River, Ha11 County,
<br /> � Nebraska. �
<br /> ,i ;,.
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<br /> _y
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<br /> ' . TocETxEa with all the impmvements now or hereafter erected on the property, and all easements,
<br /> "� rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water righta, and
<br /> i water stock, and all fixtures now ar 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 thia
<br /> M'ortgage 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 enerall the title to the Pro
<br /> � g y perty against all claims and demands, aubject to any +
<br /> easementa 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 abstract of title certified
<br /> by bonded abstracten
<br /> �PHOVIDED�ALWAY3� and these presents are executed and delivered upon the following conditions,agree- � ' �
<br /> � ments aad obligations of the Borrower, to-wit:
<br /> � The Borrower agrees to pay to the Lender,or order,the principal sum of._..T..�N?'?�_.��Gxix_.�10US9NA
<br /> f --EIGHT HUNDRED AND NO/100--------------------�Dollars (US $-_.28.,800.00 �
<br /> -----•................. . ._.------...--•---_........--•---•---------....------ -.......-•-----•-��--•--•--•
<br /> :� payable as provided in a note executed and delivered,concurrently herewith,the final payment of principal, ` '
<br /> �f not sooner paid,on the.---•-.---1at..-----.... day of----..F'.ebrv.ary---•................... �S2QQ7.
<br /> UxigoeM CovExnrrrs. Borrower and Lender covenant and agree as follows:
<br /> ! 1. Payment of Priacipal�d Iaterest. Bortower 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. Fuads for Tmces cmd lnsur�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 full,a sum (herein"Funds") equsl to one-twelfth oF the yearly taxes and
<br /> ' assessmenta which may attain priority over this Mortgage, and ground rents 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 and reasonable estunates thereof,Lender shall apply the Funds
<br /> to pay said taaes,assessments,insurance premiutns and ground renta. Lender shall make no charge for so
<br /> i 6olding and applying the Funds or verifying and compiling said assesaments and bills. The Lender shall
<br /> give to;the Borrower,wnthout charge,an annual accounting of the Funds showing credits and debits to the
<br /> � Funds snd the purpose for which each debit to the Funds was made. The Funds are pledged as additional
<br /> secunty for the aums secured by this Mortgage.The Borrower agrees that the Funds may be held by the <.�
<br /> � Leitder and commingled with other funds and the Lender's own fuads and the Lender may pay such items _
<br /> from ifs own funds and the Lender shall not be liabie for interest or dividends on such Funds. �, ,
<br /> i . ' If the amonat of the Funds held by Lender,together with'the future monthly installments of Funds •�:
<br /> � payable,prior to the due,dates of taaes,assesaments, insurance premiums and ground rents, shall exceed J � .�, ,;
<br /> the amouat required:to.pay sa�d},ases�asseasment��insurance premiums and ground rents as they fall due, �'
<br /> sueh�ezcese shalt�:be,.at Borrower's:option, either promptly repaid to Borrower or credited to Borrower on
<br /> ' monthl fi°`
<br /> y�stallmenta of Funds. If the amount of the Funds held by Lender shall not be sufficient to pay d,� �
<br /> taxes assessmeritp',,insu;ance premiums and ground rents as they fall due,Borrower shall pay to Lender ;,�
<br />�,+ stiY amount-n to make the deficien withuy thi da `' `
<br /> • �-"��' uP eS ', rty ys after notice from Lender to Borrower
<br /> „ requeating�payaient thereof, or Bortower shall, by sn�ncrease in monthly inatallmen�s of Funds requirecl,
<br /> � , repay the deSciency witlun the �nd accounting period_
<br />;; UpoN payment in full`,of.all sums.secured by this Mortgage,Lendershall apply Funds held as a credit
<br /> - against all-suma,dne.
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