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� �
<br /> INDIVI�UAL
<br /> DUE ON SALE
<br /> OPTIONAL FUTURE ADVANCES
<br /> �L SAVINGS FUN�
<br /> ,.i� . FortM No_720� . . . . � .. ��
<br /> , . . . -�- � _ .. �. :'.
<br /> i , Loan Number___ 35521_-_Y99 ____B..l�h
<br /> � zs- 00072�
<br /> � M. O RTGAG E
<br /> % THI3 MORTGAGE,made and executed this..........................a.1.day of _. .... ......._. .._.___ ......... A.D.,
<br /> ; 19...Z�,between the Mortgagor,_..._��.s1os�..May.a..aad_.Mar�nxi.e..L....Ma,ys„__hushand__and.�ife,...._.:._.._
<br /> ; ; ••••---•.•--...•-•..................3Q�.m�?.Y.--and..eaah..�,n..zh�i.z_..awa..r.iY,lit.--•------------•-•-....--•---------------••-----••----............_.. ';.
<br /> . ` of ....Wood.River-------------+ County of---...........H,a7.l.-----•------•.-,State of...N.ehraska-------,hereinaiter referred
<br /> ; to as the Borrower, aad the Mortgagee, FIRST FEDERAL SAVINGS RND LOAN ASSOCIATION OF
<br /> � LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter refeaed to
<br /> � as Lender.
<br /> ' V�iTxEsssTx: That the said Borrower for and in consideration of the sum of .T�!TEI?.T.Y ONE THOUSAND FZVE
<br /> , .....--•-----�--------•--
<br /> ' � H[I�iI2�F.D..�t??..NQ.l.7,QQ-r..----.--------r._--------rr.----------.Dol:ars (US$----21-•��-�-----------•--••--� ;
<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 ...._....�tal�......................_...., State of Nebraska: ` ::
<br /> �
<br /> i Lot Nine (9), and the Easterly One - Half (E�) of Lot Eight (8),
<br /> FBlock Eleven (11) Brett and Johnson's Addition to Wood River,
<br /> � Hall County, Nebraska
<br /> #
<br /> ; j
<br /> { TocETxEa with all the improvements now or hereafter erected on the pmperty, and all easements,
<br /> ..� rights, appurtenances, rents, myalties, 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 /> -� ments and additiona thereto,shall be deemed to be and remain a part of the property covered by this
<br /> i Mortgage; and ali of the foregoing, together with said property (or the leasehold estate in the event this
<br /> : � Mortgage is on a leasehold) are hezein referred to as the "Property". ;
<br /> � Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right F-
<br /> to mortgage, grant and convey the Property, that the Property is unencumbered, and that Borrower will
<br /> j warraat and defend generally the title to the Property against all claims and demands, subject 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 abstract of title certified
<br /> bq bonded abstracter.
<br /> { Asoviusn ALWAY3� and these presents are executed and delivered upon the followiag conditions,agree-
<br /> � ments and obligations of the Bonower, to-wit:
<br /> � Tfie Borrower ag to�pay to the Lender,or order, the principal aum of_.....T.�?ENTY.ONE_THOUSAND. �
<br /> � FIVE HUNDRED AND NO 100-------------------------.--:�ollars (US$..21;500.00.---- -•--...•••--)
<br /> � payable as provided in a note executed and delivered,concurrently herewith,the final payment of principal,
<br /> � if not sooner paid,on the----•-.-•-----...lst.... day of....._..February...................> �,1�9t3
<br /> f UxiFoaM CovExnxTs. Borrower and Lender covenant and agree as follows:
<br /> ;�. 1. Payment of Priacipal�d 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 Advancea secured by this Mortgage.
<br /> ! 2. Funda for Taxes and Iasur�ee. 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 /> i Note,vntil the Note is paid in full,a sum (herein"Funds") 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-tavelfth of yearly premium inatallments for hazard insurance, plus one-twelfth of yearly premium in-
<br /> ' { atallments for mortgage insurance,if any all as reasonably estimated initially and from time to time by
<br /> Lender oa the basis of assessments and bills and reasonable estimates thereof,Lender shall apply the Funds
<br /> a to pay said tsaes,assessments,insurance premiums and ground rents. Lender shall make no charge for so
<br /> holding and applying the Funds or verifying and compiling said assessments and bills. The Lender shall
<br /> give to the Borrower,without charge,an annual accounting of the Funds showing credits and debits to the
<br /> �� Funds and the purpoae for which each debit to the Funda was made. The Funds are pledged as additional
<br /> securiLy.for the spms secured by this Mortgage_The Borrower agrees that the Funds may be held by the .a`' '
<br /> Leader and commingled with other funds and the Lender's own funds and the Lender may pay such items �`�" � ,
<br /> � from its own fvnds and the Lender shall not be liable for interest or dividends on such Funds. `�
<br /> If the amount of the Fnn d s h e l d b y L e n d e r,t o g e t h e r w i t h t h e f u t u r e m o n t h l y i n a t a ll m e n t s o f Funds
<br /> ,� �; paysblc,prior to:the due,.dates:of tases,asseasments; insurance premiums aad ground rents, ahall exceed � �� `
<br /> �� - tha amouat required to pay said taaes,aea.essmenta,insurance premiums and ground rents as they fall due, ��� �
<br /> such zzcess shall•be,at Borrower's option;either promptIy repsid to Borrower or credited to Borrower on �`u �
<br /> �i inonthly installments of•Funds. If the amount of the Funds held by Lender shall not be sufficient to pay *` "*��
<br /> - taxes,sssessments, insurance premiuma and greund renfs as they fall due, Borrower stiall pay to Lender ' " '"
<br /> ,.
<br /> ,;i any amoun�neceseary to make up the deficiency within thirty days after notice from Lender to Borrower
<br /> ' ; requeating payment thereof, or Borrower shall, by aa incresse in monthly installments of Funds required,
<br /> repay the deficiency within the Fund=accountiag period.
<br /> Upon paymentin full of all.sums securecl by this Mor6gage,Lender shall apply Funds held as a credi4 �
<br /> against all suma due.
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