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<br /> INDNIDUAL
<br /> DUE ON SALE
<br /> ���' OPTIONAL FUTURE ADYANCES
<br /> j �■ SAVINGS FUM[�
<br /> :� � FonM No.720
<br /> � V� Loan Number__35569_ —_188-- -1--- � i
<br /> � --_— TYOe Branc�
<br /> �,� 7-g--9p1�46 M O R T G A G E
<br /> ' i THIS MORTGAGE,made a esecuted this ........._.�}�.......__... day of .............t.11."'�.`.'`.'�...._..__.....A.D.,
<br /> 7 19...7�.,between the Mortgagor, �erry J. Snck and Janet K_ Encic, husband and wife= jointly �
<br /> : � and each in their own:right_.___.
<br /> ---•------•................__........._.. ... -----..._. ._... _... .. ......_.......-•-�----------��-----------------------------........_......
<br /> z of...Grand_Island._......_., County of...--.--Hall_...-----•--..-•-----�State of....Nebra��------,hereinafter referred
<br /> � to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> LINGOLN, 1235 "N"Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter refened to
<br /> as Lender.
<br /> ` T • That the said Borrower for and in consideration of the sum of .._T�?iR�X..QN�..THQAS,SND ;
<br /> iTWO ���D NO/100------------------------------ Dol.ars (US g-.31 200 00 y .:
<br /> , ---------------•- -._.........------....----��------��----------�-
<br /> --�-----�--�•--•--�----�----- '•---...�.--•-------�--...-----.. .:,
<br /> „; paid by said Lender, does hereby mortgage, grant and conve� to Lender, its successors and assigns; the i
<br /> ` following deacribed pmperty located in the County of _.._...�a._�:..............................State of Nebraska: ; `.
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<br /> '� ' Lot TweZve (12), and the South Ten (10) feet of I,ot Ten (10), Block Thirteen
<br /> (13), in Scarff's Addition to West Lawn, in theCity of Grsnd Island, Hall
<br /> County, Nebraska.
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<br /> J TOGETHER W1tI1 Hll tt1B improvements now or hereafter erected on the property, and all easements, � },
<br /> - i rights,appurtenances, rents, royalties, mineral, oil and gag rights and profits, water, water rights, and
<br /> '? water stock, and all fixtures now or hereafter attached to the property, ali of cvhich, including replace- ' '`
<br /> Y ments and additions thereto,shall be deemed to be and remain a art of the j
<br /> � p property covered by this ,;
<br /> ; 1 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 /> "� Sorrower covenants that Borrower is lawfully seised of the estate hereby conveyed an�l 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 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 /> ;7 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 Bortower� agrees to pay to the Lender,or order, the principal sum of _THIRTY_ONE.,THOUSAND„_. �
<br /> � •--TWO__HUNDRED AND NO/100----------------------------- 31 200 00
<br /> -------�----------- --------------------••------------..._..----•-�-----•-�-•--••----�--- ---.Dollars (US$--•- ---'•--�•-- -...-- -- -...._...)
<br /> payab]e 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..........-Agril-.-•........... ...... b92Q0�
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<br /> G UNIFORM COVENANTS. BOTIOWCI'aII(]LeI1fIQT COVQIIAIIL 8I1CI agree as follows:
<br /> �• 1. Payment of Principal aad Intereat. 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. Fuads for Taxes�d Insurcmce. Subject to Lender's option under paragraphs 4 and 5 hereof,Bor
<br /> ' rower ahall pay to Lender on the day monthly installments of principal and interest are payable under the
<br /> i Note, until the Note is paid in full,a sum (herein"Funds") equal to one-twelfth of the yearly taxes nnd
<br /> '� assessments which may attain priority over this Mortgage, and gmund rents on the Property, if any plus
<br /> 'j one-twelfth of yearly premium installments for hazard insurance, plus one-twelftfi of yearly premium in-
<br /> ; � stallments for mortgage insurance, if any, all as reasonably estimated irutially and from time to time by
<br /> Lender on the basis of assessments and bille and reasonable estimates thereof,Lender shall apply the Funds
<br /> > to pay said taxes, aasessments,insurance premiums and ground rents. Lender shall make no charge for so
<br /> ! holding and applying the Funds 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
<br /> Funds and the purpose for which each debit to the Funds was made_ The Funds are pledged as additional �
<br /> �# security for the sams 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 /> 'n� from its own funds and the Lender shall not be liable for interest or dividends on such Funds.
<br /> If the amount of the Funds held by Lender,together with the future monthly installments of Funds � • y
<br /> payable prior to the due dates of tases,assessments, insurance premiums and ground rents, shall exceed �
<br /> '3' the amount required to pay said taaes,assessments,insurance premiums and ground rents as they fall due, �:;
<br /> such eacesa ahall be,at Borrower's option,eithez promptly repaid to Borrower or credited to Borrower on
<br /> tnanthlY uistallments of Funds. If the amount of the Funds held by Lender shall not be sufhcient to pay ? �s � ::�
<br /> ,� taxes, asseasments, insurance premiums and ground rents as they fall due, Borrower shall pay to Lender ' '"-;;;.�
<br /> � any amonnt necessary to make up the deficiency within thirty days after notice from Lender to Borrower -� .�'::,^.�
<br /> . 1 requesting payment thereof, or$orrower shall, by an increase in monthly installments of Funds required,
<br /> repay Lhe deficieacy within the Fund accounting period.
<br /> � Upon payment in full of all sums secured by this Mortgage,Lender shall apply Funds held as a credit
<br /> against all suma dae.
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