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<br /> IIVDIVIDUAL �
<br /> �IJE ON 3ALE
<br /> � OPTIONAL FUTURE ADYANCES
<br /> . �_'� SAVING^.� FUND
<br /> FowM No.720 ; `
<br /> ( I�L.\AL�� Loan Number---�5��5_- ---19�---1 �.
<br /> . . . . TYOe B�aneh
<br /> 3 ' ;Z� UC114.19 M O R T G A G E
<br /> #
<br /> . , /�
<br /> ; �IS MORTGAGE,made and executed this.........................�s�day of/_.���.�._......_.__. A.D., '
<br /> . � 19.�__..,between the Mortgagor,_.._HdXs?1.d..F1e�.tzel..aad..�h,arlo.tte._Weitzel„..hus.band_.and_�si£e,-
<br /> ,j oint ly..and_eaSt?.iR..the�r-°�--.F�Bh.t.,-------------��------------•-•---....._......._.--• --�--�--............
<br /> � •----------------------------------
<br /> i of -_Grand.Island..,......, County of..............Ha11---..._..-.---->State of...NEh=aska-----._,hereinafter referred '
<br /> to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> I.INCOLN, 2235 "N" Street, Lincoln, Nebraska 685Q1, its saccessors and assigns, hereinafter refeaed to
<br /> as Lender.
<br /> ' � WITNE$SETH: T}1At t}38 S81(1 BO1TOWfT FO! and in consideration of the sum of.FIF��..T�iQUSf�1�ID...
<br /> � AND NO/100------------------------------------------ '
<br /> .....-•-••--••-•..................••-----•---......._........------------�-----••--�--........--•-••--�----•----...ei�ol,ars (US$----�:S...QA.O..QA....._.._.........J
<br /> peid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br /> '` following deacribed property located in the County of___._....�.all__________________________� g�te of Nebraska:
<br /> I�ot Seven (7), Imperisl Village Fifth Subdivision in the City of
<br /> Grand Island, Hall County, Nebraska
<br /> � ( � �
<br /> ��. t � � �
<br /> ! TocEzxBa with all the impmvements now or tiereafter erected on the property, and all easements, �
<br /> rights, appurtenances, rents, royalties, mineral, oil and gas righta and pmfits, water, water righta, and
<br /> water stock, and all fiatures now or hereafter attached to the property, all of which, including replace-
<br /> # ments and additions thereto,shall be deemed to be and rem�in 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 /> Mortgsge ia on a lessehold) are herein referred to as the "Pmperty".
<br />' i 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 /> easements and restrictions listed in a schedule of eaceptions 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 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 .FIFTEEN__,'�OUSANIA.,AND..
<br /> eNO/100---------------------------------------------
<br /> �, _----------------------------------------•-•••----------..._.._._------...-----•---.....----�------------•-----.-Hollars (US 3-.1.5�QQQ,_QQ.........._....._._.)
<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....----.----kl�tT.�b....----•-----.-----+ �_.._2D07 !
<br /> UrnFoaM CovEtanx�rs. Borrower and Lender covenant and agree as foilows:
<br />�: � 1. Paymeat of Prindpal�d 7nterest. Borrower shall prornptly 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 /> r r
<br /> 2. Fuads for Taxes�md Iasur�ce_ Subject to Lender's option under paragraphs 4 and S 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") 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 /> i;� Lender on the basis of assessments and bills and reasonable eatimates thereof,Lender shall apply the Funds
<br /> to pay said tases, assessments, inaurance premiuma and ground rents. Lender shall make no charge for so
<br /> ' holding and applying the Funds or verifying and rnmpiling said assessments and bills. The Lender shall
<br /> r give to the Borrower,w�thout charge,an annual accounting of the Funds showing credits and debits to the
<br /> .Funds and the purpose for which each debit to the Fands was made. The Funds are pledged as additional
<br /> ' security for the sums:secured by this Mortgage. The Borrower agreea that the Funds may be held by the
<br /> #: Lender and commingled with other funds and the Lender's own funds and the Lender may pay such items "'`=
<br /> t from its own fu�ds and the Lender shall not be liable for interest or dividends on such Funds.
<br /> � If the amount of the Funds heid b Lender,to ether with the futvre monthl '
<br />+ Y B y installments of Funds
<br /> t��' payabie prior ta the due dates of tases,aseessments, insurance premiums and ground rents, shall exceed
<br /> s?' the amount required to.pay said tages,aeseasments,insurance premiums and ground rents as they fall due,
<br />,3' such eacess ahall be,at B ortower's option;either promptly repaid to Borrower or credited to Borrower on
<br /> �, monthlY:inetallments of Eund� If the..amount of the�ads held by Lender shall not be sufficient to pay
<br /> �axes. assesameats.insuian�e:P=emiums and ground rents as they fall due,Borrower shall pay to Lender
<br /> any aniouat necessary to make up the deficiency within thirty days after notice from Lender to Borrower
<br /> requesting payment thereof, or Borrower ahall, by an increase in monthly installments of Funds requirecl,
<br /> repay the cleficiency within the Fund accounting period.
<br /> ° Upon.payment in full;of all sums secured by this Mortgage,Lender ahall apply Funds held as a credit
<br /> againat all sums due.
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