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<br /> ! IfVDIV1DUAL
<br /> J DUE ON SALE
<br /> ..���. � FORM NOJ20 � . .
<br /> ' V��N Loan Number__36017--- -19---- -1--- : ; ',; :
<br /> � � ' � � � � � � Typo Br�nch
<br /> 78--t U O 16'7 6 M O R T G A G E
<br /> � TIiIS MORTGAGE,made and executed this .........._�.7.th.._......_. day of._..........l�a��b.................A.D., -
<br /> � 19 �$ between the Mortgagor,--•-NEBRp�SKe�.MO�F�.A�Xk�.9P�iS�...I..TA,.�..�..F.axkttexsltip........:.........
<br /> .... ... ...... .......................................................----------------...__....__............__..._.......••-••--.._..__...•--....._.._.._....-•---
<br /> � op Grand__Tsland............. Couaty of..:....._Ha11......._........---,State of.�?�ta7ca.s�ta.........,hereinafter refened � �
<br /> � to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF "
<br /> LINCOLN, 1235 "N" Street,Lincoln, Nebraska 68501, its successors and sssigns,hereinatter referred to
<br /> � as Lender.
<br /> � WiTxEssETx: That the said Borrower for and in consideration of the sum of..__TfeLa..MIS,LIODz.-.......__ � � , .>>
<br /> ' � .Tld.Q._HI7�,REA..THQTJSM°NA...9.NR..N.O.l1S7U..-c_—.---r.--.r-r---r._....DoIlars (US$-...2.,.2Q4.,QQO.D.Q_.......---) `
<br /> � paid 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._..._....Hsa.l.......................... State of Nelaraska: � '
<br /> Y. 3�
<br /> � Lota Four (4), Five (5), and Eleven (11), "Woodland Second Subdivision", � +
<br /> an Addition to the City of Grand Island, Hall County, Nebraska.
<br /> I �
<br /> � _ i�
<br /> �
<br /> ��' 4,
<br /> TOGETHER W1tF1 8II tI1B improvementxz now or hereafter erected on the property, and all easements, i �'�t�
<br /> rights, appurtenances, rents, royalties, mineral, oii and gas rights and profits, water, water rights, and f �
<br /> � water stock,and all fixtures now or hereafter attached to the property, all of which, including replace- �'
<br /> ments and additions thereto,shall be deemed to be and remain a part of the property covered by this �' :' t�
<br /> Mortgage; and alI of the foregoing, together with said property (or the leasehold estate in the event this �
<br /> MorEgage is oa a lessehold) are herein referred to as the "Property". }�
<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 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 oi 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 certiSed
<br /> by bonded abstracten
<br /> PROVID6D AtwnYs, and these presents are executed and delivered upon the following conditions,agree- � ����
<br /> ments and obligations of the Borrower, to-wit: j
<br /> ' The Borrower agrees to pay to the Lender,or order, the principal sum of _..TWO MILLION.TWO.,_.,_, __ j
<br /> ..-•--- • --
<br /> .�[Il'IJ?��..THOUSAND.AND NO/100,•-•--------.---------------Dollars (US$--.2,200,000.00 ) ; �
<br /> ..--•-------- -•-----••- ....... ,. .
<br /> payable as provided in a note executed and delivered,concurrently herewith,the final payment of prmcipal,
<br /> . if not sooner paid,on the------..�$.�-•----------. day of----......April.............. . .--, 199.8_... t
<br /> UxiFoaM CovExaxz�s. Borrower and Lender covenant and agree as follows: u
<br /> '$± 1. Payment of Priacipal and Interest 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 Noter ;
<br /> �, 2. Funds for Tmces aad Insur�ce. Subject to Lender's option under paragtaphs 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 reasonably 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 taaes,assessmenta,insurance premiurna andgro und 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 ahowing credits and debita to the
<br /> Funds and the purpose for which each debit to the Funds was made. The Funds are pledged es additional ?
<br /> eecurity for:the sums aecured by this Mortgage. The Borrower agrees that the Fund§may be held by the
<br /> Leader and commingled with other funds and the Lender's own funds and the Lender may pay such items .,�._;: ?�..
<br /> from iffi own fizrids and the Ixnder shall not be liabie for interest or dividends on such Funds.
<br /> i�. , If the amount of the Funds heid by Lender,togeEher with the future monthly installments of Funds I r`�•:
<br /> . payable prior to:tlie due:dates of tases,aesessmenta, insurance premiums and ground rents,shall eaceed �
<br /> the a�oimt reqpired topa y said taaeat sssessmeats,insurance premiums and ground rents as they faIl due, �'� �,
<br /> x siicli eaceas ahall:be,at Borrower's o faon,either promptly repaid to Borrower or credited to Borrower on
<br /> �� inoathly`.�nstallments of Funda. If �e amount of the Funds held by I.ender shall not be sufficient to pay ,�, ;�_
<br /> ^„� ' taxes sssessments,inenrence pietnium$ and ground rents as they fall due, Borrower shall pay to Lender ;�, w;,�
<br /> ,� any amovnt necea�eiry',to;maTce,up.the�eficiency within ttrirty days after notice from Lender to Borrower
<br /> requesting paympnt thereof, or Borrower ahall, by an increase in monthly installments of Funds mqnired,
<br /> .,� repay tHe deficienay within tbe Ftmd accounting period.
<br /> '�s Upon paytnent in fulI of all sums secured by this Mortgage,Lender shall apply Funds held as a credit
<br /> „� againat all aums due. t
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