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<br /> IIVGIVIDUAL - •
<br /> DUE ON SALE "
<br /> � � OPTIOIWAL FUTURE ADVANCES
<br /> i SAVINGS FUND t �t'
<br /> `� �Fort�w No.720 �� � .- ',� �� r�i,�NV;�.
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<br /> Loa� Number___36034 — 188 1
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<br /> � M Or�2TGAG E
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<br /> �3 THIS MORTGAGE,made and executed this........................�:Sday of ..�./f..l.z�.�i�!......._..A.D., - � a:
<br /> ! 19.7�,between the Moztgagor, .Dayid W.,.Van.I?Y�ce,_and__Michele,_L...Van..Dy]c�.,...kiu&)7.dASi..aAd..-•-• �r. : ,,;
<br /> (' wife�:_.jointly_,and,_each. in_their own right,...__. ..- --•---•.................................._ �.� .
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<br /> �'`f of....----Graad..Island..__, County of--•--• Fiall ..-•-•---.......State of_.Nebraska-•----.,hereinafter referred ;
<br /> � to as the Bonnwer and the Mortgagee, FIRST FEDER,AL SAVINGS AND LOAN ASSOCIATION OF
<br /> ' LINCOLN, 2235 "N"Street, Lincoln, Nebraska 68501, its sacceasors and asgigns, hereinafter referred to -
<br /> as Leader. : ;
<br /> � � WrTx�s ET : T}l�at the said Borrower for and in consideration of the sum of ..TWENTY TWO THOUSAND r ,
<br /> FL�lE HIZNDItEA �ND Nu/1a0-------------------------- ....-..
<br /> , I ----------------•--......._..-�-•----.... ......._...-----------••---...__._..........---•---�--............_.-DoL'srs (US$•----.22,500.00--- --•----� + .�,�.
<br /> � ; ' �,�e
<br /> paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the �
<br /> 9 following described property located in the County of ..._......Hall , State of Nebraska: ` ' �
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<br /> � L�ot Fifteen (15), Block One (1)� "Better Homes Subdivi i n" said �7.ock Ot}�)(1)
<br /> being located on and being a su division oP Lots Four �(4�, �'ive (5), Six ( , F
<br /> Seven (7) and the North 38.3 feet of Lot Eight (8), Block One (1), of William Frank sa
<br /> � Addition to t1Ye City of Grand IslAnd, Ha11 County, Nebraska. ' � ',
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<br /> � Toce�r[�sa with all the unprovements now or hereafter erected on the property, and all easements, ; ��„��
<br /> rights, appartenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and ' '��`�
<br /> � wa8er stock, and all fixtures now or hereafter attached to the property, all of which, including replace- r -��' �
<br /> n :, ���.
<br /> ments and additions thereto,shall be deemed to be and remain a part of the property coveres3 by this � � �r„�,�,
<br /> , Mortgage; aad all of the foregoing, together with said property (or the leasehold estate in the event this �� �
<br /> : i Mortgage is on a leasehold) are herein refened to as the "Property". ' �''�r
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<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 Pmperty is unencumbered, and that Borrower will y g dt'
<br /> warrant and defend generally the title to the Property against all claims and demanda, subject to any ' `�?
<br /> easements and restrictions listed in a schedule of exceptions to coverage in any title insurance policy in- � �
<br /> '>� suring I.ender's interest in the Property, or (2) attorney's opuuon of title from abstract of title certified
<br /> � by bonded abstracten � `^�
<br /> PROV2DED ALWAY3� and these presents are executed and delivered upon the following conditions,agree-
<br /> ments and obligationa of the Borrower, to-wit:
<br /> = T'he Borrower agrees to pay to the Lender,or order, the principal sum of__...T._.�,'I?.'�X..xWQ..xHQIT.SAND._ ' , �
<br /> FIYR--kI�IA�-•-•----D.NO 100--------------------------- -�.:
<br /> --D �--••---/••-----••----•----•••-•-----•----•••-•-•-•--••-•-•-------•--.....-•-----�ollars (US$--22..SOU,.OA.....................)
<br /> payable as provided in a note executed and delivered,concunently herewith,the final payment of principal, i
<br /> • if not sooner paid,on the--•••----].s_t..-•-------- day of----••-•------Ai�'�--------••---�------� d&--�^007 '.
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<br /> �, UxiFoatK CovEtanxrs. Borrower and Lender covenant and agree as follows:
<br /> 1. Payment of Principal�d Iaterest. Borrower shall promptly pay when due the principal of und in-
<br /> tereat 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 Tazes�md Iasur�ce. Subject to Lender's option under paragraphs 4 and 5 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 reasonabiy estimated initially and from time to time by
<br /> Lender on the basis of assessments and bills and reasonable estimates thereof,Lender shall apply the Funds
<br /> - to pay said t�aaes,assessmenta,insurance premiums andgro und rents.I.ender 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 Fands showing credits and debits to the
<br /> Funds and the pnrpose for wluch each debit to the Funds was made. The Funds are pledged as additional
<br /> security':foz the sums secured by this Mortgage. The Borrower agrees that the Funds may be held by the
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<br /> x' I.ender and.coauningled with other funds and the Lender's own funds and the Lender may pay such items s "
<br /> 4� irom its own funds and the Lender shall not be liable for-interest or dividends on such Funds. � ::
<br /> , If the aanouat of the Funds held by Lender,together with.the future monthly inatallments of Funds � �
<br /> "� payable pnor bn the due'dates of tases,asseasments, i n s u r a n c e p r e m i u m s a n d g r o u n d r e n t s, s h a ll e x c e e d � �
<br /> the amount requiied to pa�y said tases assessmeats,inaurance premivms and ground rents as they fall due, �
<br /> ,� snch eacess aha11 be,at,8orrower's option, either pmmptly'repa�d to Borrower or credited to Borrower on * ;� u�
<br /> i mon t h I y ii�s P.a ll m enta o f �un ds. If tHe amount of the Funds h e ld by I.ender shall not be aufficient to pay *wr �
<br /> ta�ces sesesamente, insuraace premiums:and ground rents.as they fall due, Borrower shall pay to Lender ...�
<br /> .x any amount neceesary�to make up the de8«ency within thirty days after notice from Lender to Borrower
<br />�, reqssesting payment'thereof, or Borrower shall, by an:increase in monthly ine;tallments of Funds required,
<br />�'s TePaY the'deficiency within the'Fund accounting period:
<br /> :3 Upon.payment in full of all sums secured by this Mortgage,Leader shall apply Funds held as a credit �
<br /> , e against"all suma due,
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