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<br /> INDIVIDUAL
<br /> DUE ON SALE
<br /> �R� OPTIONAL FUTURE ADVANCES
<br /> ' �_'■ SAVINGS FUND —
<br /> Z � FowM No.720 . �
<br /> :� ��Lr\.i61�� . . . Loan Number----344U4_-_T188----9 y�<h
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<br /> � 78-� U�1��� M O R T G A G E
<br /> � THI3 MORTGAGE,made and eaecuted this .--.--_---•----_--..•--�i2. day ofi:%:�..�'�'./....�_..'�!.----------•--._A.D.,
<br /> � 19_.78..,between the Mortgagor, ...Davi�(,F.Hardgr�__ax�d__D�t�ra__J,_.Harders.,__hu$t?,�pe�.__�n�__x9�,£�.,__
<br /> } jointly,._and.,each_.in_their_.own.right
<br /> _ ..... -- • • ----•-•-•--._._......
<br /> � . of ---Alda.--...--• ---••---� County of __...... ..Hall .........._,State of.Nebraska--------,hereinafter referred
<br /> '; to as the Borrower, and the Mortgagee, FIRST FF.DERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> j LINCOLN, 1235 "N" Street, Lincoln, Nebraska 685U1, its successors and assigns, hereinafter refened to
<br /> ax Lender.
<br /> :4 `;
<br /> WITNES.4ETH: TI78t t�]@ said Borrower for and in consideration of the sum of_.�I.�'�X_.FOUK..�QIISAND .
<br /> °�j . � �
<br /> AND NO/100--------.---------------.-----.-r.-----------.--Dol:ars (US$...34>Q9.O,.Q9---••---•-......----�
<br /> i paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors an@ assigns; the
<br /> ' : following described property located in the County of_________________Hall . State of Nebraska: '
<br /> r •----------------------�>
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<br /> Lot Eive (5) in Argo Third Subdivision, Hall County, Nebraska.
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<br /> � Toc�rxEa with all the improvements now or hereafter erected on the pmperty, and all easements,
<br /> ,� righta, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and
<br /> water stock, and all fixtures now or hereafter attached to the property, all of which, including replace-
<br /> ments and additions thereto,shalt 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".
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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
<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) attomey's opinion of title from abstract of title certified
<br /> '� by bonded abstracter.
<br /> ;� PEOVIDED ALWAYS� and these presents are executed and delivered upon the following conditions,agree-
<br /> � ments and obligations of the Borrower, to-wit:
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<br /> ' The Borrower agrees to pay to the Lender, or order, the principal sum of _..THIRTY._FQiJ�__�.OZISAI3I.2
<br /> � A19D_SIQ/.1.QQ-cr..--rr--------.-----------.------------.—.--Dollars (US$-- 34_,000 4.0--------��----....)
<br /> ( payable as provided in a note executed and delivered,concunently herewith,the final payment of principal,
<br /> iif not sooner paid,on the_._......lst------------day of ........--P'pri1----.-----•------_---., �6.20Q7
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<br /> �.j� UNIFORM Covsxnxzs. Borrower and Lender covenant and agree as follows: � .
<br /> j 1_ Payment of Principal and 7aterest 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 /> ;f and the principal of and interest on any Future Advances secured by this Mortgage.
<br /> � 2. Faads for Taxes aad Insur�ca. 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 /> Note, until the Note is paid in full,a sum (herein"Funds") equal to one-twelfth of the yearly ta4es and
<br /> ` assessments which may attain priority over this Mortgage, and ground rents on the Pmperty, if any plus
<br /> ' one-twelfth of yearly premium installments for hazard insurance, plus one-twelfth of yearly premium in-
<br /> c, 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 /> x to pay said taxes,assessments,ineuraace premiums and ground rents. Lender shall make no charge for so
<br /> ;' holding and applying the Funds or verifying and compiling said assesaments 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 sums secured by this Mortgage. The Borrower agrees that the Funds may be held by the �
<br /> i Lender and commingled with other funda and the Lender's own funds and the Lender may pay such items
<br /> , � from its own fuacls and the Lender shaII 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 �f'
<br /> � payabte prior to:the due datea of tases,aseessments, inaurance premiums and ground rents, shall exceed � : • � ;
<br /> ,� the�amount required topa y said tazes,,saseasmenta,insurance premiums and ground rents as they fall due,
<br /> ,,,q such eacess shall be,at Bortower's op6ioa,either promptly repaid to Borrower or credited to Borrower on <` '
<br /> ! monthly-installments of'Funds. If the amount of the Funda held by Lender shall not be sufficient to pay ; s
<br /> ����ta ,nts,:nsurance premiurns and groimd rents ss they fall due, Borrower shall pay to Lender ;_ 4
<br /> tazes assesame ;,,...
<br /> y ecessary to make up the deficiency within tlurty days after notice from Lender to Borrower „y �
<br /> � req ' g p yxnent thereof, or Borrower ahall,by an increase in monthly installments of Funds required, "� "
<br /> repay the deli'ciency witivn the F�nd accounting penod.
<br /> Upon payment in full of all sums secured by this Mortgage,Lender shall apply Funds held as a credit
<br /> against all sums due.
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