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<br /> INDIVIDUAL
<br /> DUE ON SALE
<br /> �R� OPTIONAL FUTURE ADYANCES
<br /> �■ SAYiNGS FU(VD `
<br /> . � FOnM No..720� �
<br /> V��N Loan Number_____35254— 188— 1 �
<br /> .. � . . . � . _--TYGe--___BranC� � .
<br /> �8- (301232 MORTGAGE
<br /> TFiI3 MORTGAGE, made and executed this .._......................r3_ day of....�4�...�_'_?........_.__..... A.D., ' t
<br /> 19.;.T�.,between the Mortgagor,Pau�.,.Z;Cpa�we�maz�..a�nd..Aozina..z.�n�mexm�n.,..�u�bansi_.and..lai£e......_.._ ; `:
<br /> ,jointll._and_:eac�..in__their._o�..F.ig1<?t�....._....-•---•--�--..-•--•••-•-.-••...............•------.........._...._.....-------------•---•---- '' ?
<br /> of._ Grand Island,___, County of..............Ha�.x.__....._.....,State of.._S��kx:a&kr3.......,hereinafter referred '.
<br /> ..------- .._....
<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 /> WiTxEssErx: Th t the said Borrower for and in consideration of the sum of ..T�NTY..TFIOUSAND._..
<br /> SIX HUNDRED AND N0�100-------------_-.----,-,-------_"-.DoIlars (US$.20_�600.00----------------•--) .
<br /> .............•--••---•�--•-••
<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 .Hall , State of Nebraska:
<br /> Lot Six (6) in Block Five (5) in Dale Roush Second Subdivision, Hall County, Nebraslca.
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<br /> TocETxsa with all the improvements now or hereaiter erected on the property, and all easements, s�
<br /> righta, appurtenances, rents, royaltiea, mineral, oil and gas rights and profits, water, water rights, and
<br /> water stock, and all Sxtures 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 pmperty covered by this �t
<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 /> to mortgage, grant and convey the Property, that the Property is unencumbered, and that Borrower will `'
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<br /> warrant 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 i
<br /> by bonded abstracter.
<br /> ��1tOVIDED 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 .�?F�?�7C..�IOASF�IR..STX..__ °''
<br /> HZIlIIlBE72._AND_NQ/1U0--_--------------.------------._---�ollars (US �....2.0>f9Q..Q4--------------•-•--� '
<br /> _...........
<br /> payable as provided in a note executed and delivered,concurrently herewith,the final payment of principal,
<br /> if not sooner paid,on the__..1st_--------•--•---. day of........._ M�rch -•----•-- ....., 19_93--• `
<br /> UNIFORM Covexwx�rs_ Bonower and Lender covenant and agree as follows: _ � ��
<br /> 1. Payment ot Principal�d IntereaL 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. Funda for Tmces�d lnsur�ee. Subject to Lender's option under paragraphs 4 and 5 hereof,Bor-
<br /> i+ower 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") 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-Lwelfth of yearly premium installments for hazard insurance, plus one-twelfth of yearly premium in-
<br /> stallments for mortgage insurance, if any, all as reasonably es�mated initially and from time to time by
<br /> Lender on the basis of assesements and bills and reasonable estimates thereof,Lender shall apply the Funds
<br /> to pay said taxes,assesaments,insurance premiums and ground rents. Lender shall make no charge for so
<br /> holding and applying the Funda 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 9
<br /> Eunds and bhe purpose for which each debit to the Funds was made. The Funds are pledged as additional
<br /> security fox the sums secured by this Mortgage. The Bonower agrees that the Funds may be held by the '
<br /> I.ender and commingled with other funds and the Lender's own fundr and the Lender may pay such items � }�
<br /> from its own funds and the Lender shall not be liable for interest or dividends on such Funds.
<br /> fi�
<br /> If the amount of the Eunds held by Lender,together with the future monthly installments of Funds I ;��
<br /> payable prior to the due dates of taxes,assessments, insurance premiums and �ound rents, ahall exceed _J ;
<br /> the nmount required to pay said tezes,asses�ents,insurance premivms and ground rents as they fall due,
<br /> such;exc�egs,:shall be, at BorroweYs op'tion,either promptly repaid to Borrower or credited to Borrower on '
<br /> monthly inetallments of�unds. If Lhe amount of tl:e Funds held by Lender shall not be sufficient to pay �r`."
<br /> tazes, aseeaementsy insuranoe premi�s aad ground rents as they fall due, Borrower shall pay to Lender ;� :�� �
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<br /> any amount neceasary to make up tixe de5ciency within thirty days after notice from Lender to Borrower
<br /> requesting,payment.thereof, or Borrowe=shall, by an increase in monthly installments of Funds required,
<br /> repay the deficiency within the.Fund accounting-period.
<br /> ,,,i7pon payment in fulI of all sums secured by this Mortgage,Lender shall apply Funds held as a credit
<br /> ugainst all suma dne_ �
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