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<br /> - IIVDIVIDUAL . •
<br /> ! DLJE-ON SA4E
<br /> � OPTIONAL FUTURE ADVAIYCES
<br /> . 'I �L SAVINGS FtJND .. f.
<br /> i..
<br /> Fbse� No.720 � � , �,
<br /> loan Number___3585�__-_ Z�Q_-_��_ t`
<br /> .. . . . � �Troe a.ancn ` `` � �.
<br /> _ . - �. . . . . . � � .� "`"� i z.i�
<br /> �� ` 78-+ 001537 M O R T G A G E _ �.. '' ';
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<br /> „c� ° T 3 MORTGAGE,made and executed thi�...... r3 _._ day of_.....:._..��'� A.D., �
<br /> ...-•--•.............. ......._.....---•-•
<br /> 19 � between the Mortgagor John w. Eric]rne..L:.a?Jcj..7Q��P1�.7:.n�..Ar._.�s.t.�kn.es.__.lzushand..and.�rife: w ,
<br /> ,. ..-•---....-•---•---•---•-
<br /> � Bruce M.._Brickner arid Jean Brzckner,�--husbar�d,.and_.wife,.._3o:�ntl�...d�]f?_.S.�Y.�z'r�1�-.,�[t�.aaah_ia..�their,o ! n;
<br /> ...__._
<br /> f of .Grand IsSand .., County of-•--••------H�Z . State of..�iebraska-----._.,hereinafter referred r''g�' `
<br /> ...."' '"'"".. _ ..__...'"""'' � :� Y:
<br /> to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSdCIATION OF � .
<br /> _� LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, ita sucteasors and asgigns, hereinafter referred to '`
<br /> � as I.F;nden : � .
<br /> �� Wi2xEsssT]K: Thg the said Borrower for and in consideration of the sum of.._TF'E'NTY_THREE,THO;ISAND `
<br /> ONE RUNDRED AND NO/�Od-------------------------------
<br /> _. .. ,••-- -.....__.....--•--••--••...................•--••----------------••--•-----••---....---� Xa'Dol:ars (US$...23,Z00 00._.... ------•� ��
<br /> ° paid by saad Lender, does hereb mort a e, ant and conve to Lender, its successors and assi
<br /> ! Y g B 6'r Y 8ns; tl�e s _ ^
<br /> j following described property located in the County of ............. _____._., State of Nebraska: _ ' s_
<br /> � •----•---•--•----�---
<br /> � 1 $'
<br /> �, � � ` ' �,
<br /> I,ot Fi.ve (�), Block Sixty (6Q, Origiaal Tawn, now City of Grand Ssland, Hall !
<br /> � Couaty, Nebraska. # �.
<br /> $g _ if+e'
<br /> f; ,r.
<br /> . . . � . . � . . ����.
<br /> � „C
<br /> TocEzxsa with all the improvements now or hereafter erected on the property, and all easements, s.'�4 f
<br /> rights,appurtenances, renYs, royalties, mineral, oil and gas rights and profits, water, water rights, and �' w k`�x�
<br /> water atock,and all fixtures now or hereafter attached to the pmperty, all of which, including replace- k
<br /> ments and additionn thereto,shall be deemed to be and remain a part of tbe property covered by this �` ;, .,�;
<br /> Mortgage; and all of the foregourg, together with said property (or the leasehold estate in tEie eaent this y � r��
<br /> 1KorEgage is on a leasehold) are hereut referred to as the "Property". ` ` � ��`�e
<br /> � Borrower covenants that Barrower is lawfully seised of tl�e estate hereby conveyed and has the right f °'�
<br /> to,mortgage,grant and convey the Property, that the Property is unencumbered, and that Borrower will E �{�
<br /> war;ant and,defend generally the title to the Property against all clauns and demands, sub�ect to any � �
<br /> easements and restrictions listed in a schedule of egceptions to coverage in any title insurance poIicy in- ` '
<br /> � �i�
<br /> suriag Lender's interest in the Property,or (2) attorney's opinion of title from abstract of fatle certified ���.
<br /> by bonded sbstracter.- � �;'
<br /> � PEOVIDED ALWAYS�and these presents are eaecuted and delivered upon the following conditions,agree- �". ' �'
<br /> �: ments and obligations of the Borrower, to-wit: �'
<br /> kz s
<br /> The Borrower agrees to pay to the Lender, or order, the principal sum of .Th'EN27 THREE,_THOO,S�JZITR e .
<br /> . ONE HUNDRED A117D N0/ZQO-------------------------------Dollars (US$-- 23�100 00.-•...---......._) f
<br /> ------•._ _.._..�.»_._-•--•-----------------•---------••-•-------•---•--.._...-•-----••----.._...--
<br /> ' payable as provided in a note executed and delivered,concurrentiy herewith,the final payment of principal, �
<br /> if not sooner aid on the___........lst.._,,._,,, ga ri. P ,'
<br /> P � ---- Y of.......E1.P---�1•--•--•-•--•---------------- 19..9$... . ;.
<br /> U1v�tro$1�i Covsxwxrs. Borrower and Lender covenant and agree as follows: � s;
<br /> L Payment o4 Principal�d Interest. Borrower shall promptly pay when due the principal of and in-
<br /> terest on the indebtedness evidenced by the Note,prepayment and ]ate charges as provided in the Note,
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<br /> and-the prYncipaI of and interest on any Future Advances secured by this Mortgage.
<br /> 2. Funds for Tmces�d Tasur�ee. Subject to Lender's option under paragraphs 4 and 5 hereof,Bor- `'
<br /> rower shall pay to Lender oa the day monthly installments of principal and interest are payable under the + '
<br /> Note;until the I�iote is'paid in full,a sum (herein"Funds") equat to one-twelfth of the yeariy taxea and
<br /> aesessinents which may attain priority over this Mortgage, and ground rents on the Property, if any plus
<br /> � one-twelfth of yearly pretnium,installmenta for hazard insurance, plus one-twelfth of yearly premium in- '
<br /> staliments for mortgage inaurance, if any, all as reasonably estimated initially and fmm time to time by �:
<br /> I;eader on the basis of assessments and billa and reasonable estimates thereof,L.ender shall apply the Funds �.
<br /> '` to'pay said taxes;assessments,ina„ra„ce premiums andgro und rents. Lender shall make no cl�azge for so f:;
<br /> holding;and applying the Funda or verifying and compiling said assessments and bills. The Lender shall .;;
<br /> �� give to:£he Borrawer,without eharge,an annual accounting of the Funds showing credits and debits to the
<br /> Runds;and.the purpose for wluch eacis debit to the Funds was made. The Funds are pledged as additional
<br /> secunty.for the,sums,secured by;this Mortgage. The Borrower sgrees that the Funds may be held by the � ;
<br /> , I:eader and commingled with other fnads and the Lender's own funds and the Lender may pay such items , ;
<br /> � . from.zts_o�vn fi�ncls and the I.ender ahall not be liable for intereet or dividends on such Funds. ..,.,,.� f.t.
<br /> r ,,` E#th�amount of.the•Funds held by Lender,together with the future monthly inatallments of Funds �
<br /> t ; P8J'sble pnor to t,he due.dgtea of:fazea,assessments, insurance premiums and.ground rents, shall eaceed > .� k
<br /> t�e amount required to�a y said taaes,•aeaesaments;insurance premiums and'ground rents ss tt:ey fall due, � +
<br /> enc�eaceas aha113-be,at Sort�owex's aptioa;,either promptly repaid to Bortower or credited to Borrower on ' "
<br /> inQa�lq ans�aliiments of�;F'ands ,If the amoiint of the Funds held by I.ender shall not be sufficient to pay r�'`, T+
<br /> `�� � e�e��n1�,�nsurartce premiums:aad�gxound rents'as��they fall due,Borrower shall pay to I.ender � �rr'���
<br /> en
<br /> ,. , ' aiiyr�amoi�n�eeaqw�£a,make ivp the de8ciericy wittiia th�;ty days after notice from Lender to Borrower ,;;��,�,
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<br /> � reqnestu��'�ra�es�t th�rebf,or`Borrowee:sball, tiy an mcrease.in monthly iastallmenta oi Funds required, �-
<br /> '� zepay the�e�eacy�lht2nn the'Fimd accounting period.
<br />��. '�y''T3poii'paynie�t m full of all sams secured by;this Mortgage,Lender ahali apply Funds held as a credit
<br /> ag�?all suma'due.
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