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<br /> : -�..
<br /> INDIVIDUAL •
<br /> DUE ON SALE �
<br /> ;:� � OPTIONAL FUTURE ADYANCES
<br /> : SAVWGS FUND � ,
<br /> � :��; FORM� N0.7'LO . . . . � . '
<br /> Loan Number___35783__-_188__-__1__ '
<br /> ..} . . . . � � . � . � . � Troe e.:ocn
<br /> �.�,..�.. . . . , . . . . � . � � .
<br /> ' 78-�001'�435 MORTGAGE
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<br /> i THIS MORTGAGE, made and executed this .........._.�.`�..�............. day of __........�'y7'��.._._....___ A.D., ��.
<br /> ; 19_.��.,between the Mortgagor, ....St�phen..H...V.es.ae..aad..She.7.].ey--.S...V.esc�.,...husb.ansl..and._saife,
<br /> '� -----........--••---•_--.......;�.Qiatl�--and..each__in_.th�ei.r..os�m--=ight.,..._...-----•--•------•.............................�------�---........._
<br /> � of._.�r,a,ad..Ss.J.ansl......_.._, County of.............Hall...__...........,State of_...Nebxaska._...,hereinafter referre@ ��
<br /> •' to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> .f LZNCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to K
<br /> 3� as Lender.
<br /> j� WiTxssssTx: That the said Borrower for and in consideration of the sum oF.�iRTY,_FIVE_THOUSAND �i
<br /> --•--•AND NO 100---------------------------------------- ' 3 000 00 ,
<br /> --•----•-�------•---......--�------...-•---...-----�-•---•-........_.......................•-------....Dol.ars (US$--.._..5�......---•--......._._..�---�
<br /> '� pa.id 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 Nebtaska: i
<br /> ' �
<br /> j Lot Five (5) in Block Two (2) o£ Harrison's Subdivision oP the
<br />:� Southwest Quarter of the Southeast Quarter (�uSE,�—�) of Section
<br /> 8, in Township L1 North, Range 9 West of the 6th P.M., in Hall
<br /> � Coun-ty, Nebraska.
<br />, y �
<br /> � TocsrxEa 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 alt fixtures now or hereafter attached to the property, all ot which, including replace- `�
<br /> ments aad 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 aeised 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 egceptions 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 /> 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 princi al sum of _..T..HIRTY_FIy� _�jp[I��Jp,_
<br /> P
<br /> _..---••--•-.AN!?•-�IQl1Q4c------cr-----_---r.r.---r._--------------Dollars (US $•--_-3S.x00Q._Q9...............)
<br />`{ payable as provided in a note executed and delivered,concurrently herewith,the final payment of principal,
<br />;s if not sooner paid,on the----....1st-----•-------day of_....------A�zi7.,---•--....-------.---., �S..2Q07
<br />:�. UxiFoaNt CovFarpxrs. Borrower and Lender covenant and agree as follows:
<br /> ? 1. Payment of Priacipel�d InteresL 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 /> f`? 2. Fuads for Tmces�ad Insur�ce. Subject to Lender's option under paragraphs 4 and 5 hereof, Bor-
<br /> r� rower shall pay to I.ender on the day monthly installments of principal and interest are payable under the
<br />�`} Note,untit the Note is paid in full,a aum (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 pius
<br />,�� one-twelfth of yearly premium installments for hazard insurance, plus one-twelfth of yeazly premium in-
<br />�.� atallments for mortgage insurance, if any, all as reasonably estimated initially and from time to time by
<br /> Leader on the basis of assessments and bills and reasonable estimatea thereof,Lender s�sall apply the Funds
<br /> f`E to pay said t�aaes;assessments,insurance premiwns and ground rents. Lender shall make no charge for so
<br />�;; holding and'applying the.F�nds or derifying and compiling said assessments and bills.The I.ender shall
<br /> give to the Borrower,without charge,an annnal accounting of the Funds showing credits and debits to the
<br />�� Funds and'the purpose for which each debit to the Funds was made. Tbe Funds are pledged as additional
<br /> security for the suma secured by this Mortgage. The Borrower agrees 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 />¢� from.its.own funds-and the Lender ahall not be liable far interest or dividends on such Funds. �
<br />� If-the-amoufit of the Eunda held by:Lender,,together;with the futvre monthly installments of Funds
<br /> =- pa�able prior'to;tha>due dates of taaes,assessments, insurance premimns and ground rents, shall eaceed
<br /> the�%amount:required ta pay.:said taxes,assesamen}8,insurnnce premiums and ground rents as they fall due,
<br /> such,eacess,.ehall.be,,at Borrower's option,either.promp}dy repa�d to Borrower or credited to Borrower on
<br /> r} maatlilY u�atallments of�Funds. If the amount.of the Funds held by Lender shall not be sufficient to pay
<br />.e ��,�se�meats; insur8nce psemiums and_ground,teate as they fall due, Borrower shall pay to Lender
<br />,� ang:amouat neceassry to mske up the deficiency within thirty.days afber notice from Lender to Borrower
<br />,y recluestin�payaient;thereo�,or Borrower shall, by sn increase in monthly installments of Funda required,
<br />.c repay the.ileficiency aithin the Fund accountiag period.
<br /> S `;Upon payment in full of all sums secured by this Mortgage,Lender shall apply Funds held as a credit
<br /> against all sume due.
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