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<br /> INDIVIDUAL ' •
<br /> DUE ON SALE
<br /> ' �� OPTIONAL FUTURE ADYANCES
<br /> � SAVINGS FUND
<br /> , . �� FORM No.�720. � .,���
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<br /> r
<br /> Loan Number_ 35457___-_T 88____a 1^ch
<br /> 78-OOOG48 M O R T G A G E
<br /> ' T I3 MORTGAGE,made and executed this ..........................�'.�day of ... ..M'�!-ti.._...... A.D.,
<br /> ; --�
<br /> * 19_.7.�between the Mortgagor, .__._A�.�.��J...I,....W.ir$.�ng..and„Christine,.M.�Wissin �
<br /> A - •
<br /> -g'----�-----�--•-------------
<br /> ; ...............htxsl2�ntl...and:.G�]C�e...._1���.X�X..and,.each_,in__their_own_ right.:...-------•--•••-------��---------•-------•••.....
<br /> .....
<br /> : of._.Gxazul..ISI,�Aa----------->County of....-•---•-Hall--•- --•----.,State of...Nebraska----...,hereinafter referred
<br /> to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter refened to
<br /> as Lender.
<br />; WITNESSETH: TI78t t�1C S&I(� BOIfOW67 fOT'8II(� in consideration of the sum of_.��Ii�X_..���T..�Q.VSAND ' '
<br />: _._--••--.---_•---....ANII..NO.�-1Q0---.---r.c-rrr..--r.rr..--r.r.:r..--r.r.r..---r.i�ol;ars (US$......38,,000.00----------------)
<br /> paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br /> following described property located in the County of..__......Ii�l�.l._...................... State of Nebraska:
<br /> The Easterly Twelve (12) feet of Lot Twenty-three (23), Lot Twenty-Pour (24), the
<br /> Westerly Ten (10) Peet of I,ot Twenty-five (25), all in Slock Two (2), in Parkhill
<br /> Subdivision, an addition to the City of Grand Island, IIa11 County, Nebraska.
<br /> TocsTxEa 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 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 /> i 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 /> r 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 fmm abstract of title certified
<br /> i by bonded abstracten
<br />� Paovinsn 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 .TIiIRTY.__EIGHT._THO.IISAND
<br /> _-••-_-•--.ANR..T.IOL�Q2-.--r._-c---r..---r..----r.-----.---r..---------.�ollars (US S-�---�8.�.40Q.._OQ--�-----��------�
<br /> payable as provided in a note executed and delivered,concurrently herewith,the final payment of principal,
<br />' if not sooner paid,on the_....---•�-st-..-.----... day of------....Fei>rue��----...... --�--. �x..2�07
<br />� UNIFORM CovExnrrrs. Borrower and Lender covenant and agree as follows: - � ..�. ... .
<br /> 1. Payment oi Principal�d 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. Fuads for Taxes �d Insur�ce. Subject to Lender's option under paragraphs 4 and 5 hereof,Bor-
<br /> i+nwer 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"Fun�s") 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 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 estimates thereof, Lender shall apply the Funds
<br /> to pay said taaes,assessments,insurance premiums and t;round rents. Lender shall make no charge for so
<br /> holding and applying the Funds or verifying and compiling said acqessments and bills. The Lender ehall
<br /> g�ve to the Borrower,without charge,an annusl 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.aums secured by this Mortgage. The Borrower aqrees that the Funds may be held by the
<br /> Lender and commingled with othar funds and the Lender's own funds and the Lender may pay such items
<br /> from ita own funda and the Lender shall not be liable for interest or dividends an such Funds. `-
<br /> if the:amount of the Funds held by Lender,together with the future monthly installments of Funds
<br /> payable prior to.the due dates of taaes,asaessments: insurance premiums and ground rents, shall exceed
<br /> the amount required to pay said tases,assesements,3nsuraace premiuma and ground rents as they fall due, y .
<br /> 'such:excess st�all be,at Borrower's option,either promptly repaid 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 , � ,�k�
<br /> taxes, aesessmenta, insurance premiums and ground rents as they fall due, Bortower shall pay to Lender
<br /> any amount necessary to a�ake up the de8ciency within thirty days after notice from Lender to Borrower ` � '��
<br /> requeating payment thereof,or Borrower'ahall, by an increase in monthly installmentF of Funda required,
<br /> repay the deficiency within the Fund accounting period.
<br /> iJpon payment in ful!of all sums secured by this Mortgage,Lender shall apply Funds held as a credit
<br /> against all sums due. �
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