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<br /> INDIVtDUAL
<br /> � � �UE ON SALE
<br /> OPTIONAL FUTURE ADVANCES
<br /> �■ SAVINGS FUND
<br />� - . . . �� FowM No.720 --_- --__ '
<br /> Loan Number_ 35748 __ — 188 — 1 �
<br /> TYO< Hranth
<br />� M O R T G A G E
<br /> Zs-. 001123
<br /> THI$MORTGAGE,made and executed this . ............�..........._.._ day of _.... ..�..�.�.__.......... A.D., �'
<br /> 19._..2�.,between the Mortgagor,_.RvtlE�CC..J....i1h�e�.�x..as►xi...Nan.cY---L...Ioih�el.e�o..husb8nd..aru�..wife,
<br /> •--jointly„_and,.each,.in.their„own,right�--_---.-c-.-_----r..-.---r..--r.r..---r.r._-ccr.--r-cr..---r.r_.--r..
<br /> ..-- .
<br /> of---G=aA,xl..Isl.�si..........., County of --•--..Hall.._-...--.-•--...---,State of_..11ebxt3�.ka..-_..,hereinafter referred
<br /> to as Ehe Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to
<br /> as Lender.
<br /> WixxEsssTx: That the said Borrower for and in consideration of the sum of __�JF..TITX...7�iREE.._1HUU�AND
<br /> _��GAT_�iLJNDRED_AND__NO/100----.----.-.----.-.-----.-.----.-.---_Dol:ars (US$_..23�800..4.�_...----.._.._..J
<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........_Hal.l.......................... State of Nebraska:
<br /> I,ot Five (5) in Block Sixteen (16) in Rollins Addition tothe City of
<br /> Grand Island, Hall County, Nebraska.
<br /> Toc�rxsa 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 /> 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 denzands, 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 /> by bonded abstracter.
<br /> PEOVZDED ALWAY3� and these presents are executed and delivered upon the following conditions,agree- .. � � �� �
<br /> ments and obligations of the Borrower, to-wit:
<br /> The Bortower agrees to pay to the Lender,or order, the principal sum of ...��ITX..�EiREE...IHOUB.AND
<br /> ---szcsx.xurmzt�u_.AavA..rtol.ioo-.-.----_-----_-----.----.-----.--Doue� �us$.2�soo,00----•-------�----....)
<br /> payable as provided in a note executed and delivered, concurrently herewith,the final payment of principal,
<br /> if not aooner paid,on the...--------�,�t------- day°f------?C?��'�h.............................x20.2Q93
<br /> UIVIFORM COVENANT3. BOfSOWCL 8I1C�IRIldC2'COVeZ1ARt 8I1(1 8g1'26 8S IO�IOW9: � � � �
<br /> 1. Payment of Priadpal�d 7ntezest. 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 Tmces and Insur�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,untiI the Note is paid in full,a sum (herein "Funds") equal to one-tweifth 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 initialty and from time to time by
<br /> Lender on the basis of arseaxments and bills and reasonable�timates thereof, Lender shall apply the Funds
<br /> to pay said taaes,assessments, insurance premiums and ground rents. Lender shall rnake no charge for so
<br /> holding and applying the Funds or verifying and compiling said assessments and bills. The Lender shall
<br /> g�ve to the Borrower;without 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 wes made. The Funds are pledged as additioaal
<br /> security for the sums aecured by this Mortgage. The Borrower agrees that the Funds may be held by the �,
<br /> Lender and comm;.,g�ed with other funds and the Lender's own funds and the Lender may pay such items r �;,r
<br /> from its own funds and the Lender shall not be liable for interest or dividends on svch Funds. ,t
<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,aasessmenta, insurance premiums and ground rents, shall exceed
<br /> the amount required topa y said taaes, aseesaments,iasurance premiums and ground rents as they fall due, .�
<br /> such-excess shall be, at Borrower's option,either promptIy repaid to Borrower or credited to Borrower on �.?
<br /> monthly inatallments of Funds. If the amount of the Fnnds held by Lender shall not be sufficient to pay �,�,
<br /> taxes,assessments,insurance premiums and ground rents as they fall due, Borrower ehall pay to Lender ` �•_-
<br /> any amount necessary to make up the de8ciency within thirty days after notice from Lender to Borrower
<br /> requesting payment thereof, or Borrower ahall, by aa increase in monthly installments of Funds required,
<br /> repay the deficiency within the Fnnd accounting period.
<br /> U�n payment in fuII of all sums secured by this Mortgsge,Lender shall apply N unds held as a credit �
<br /> against all sums due.
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