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<br /> ( IND1\(ID.UAL. � . ' ,;:
<br /> �UE 01V $ALE
<br /> j �"_' OPTIOiVAI,:, �UTWE2E ADVANCES
<br /> ,Je,��-� SAVINGS FllND �
<br /> i` � � � FowM N0.720 � �
<br /> : '':��.N 35868_ — 188 1 t q1
<br /> ,� Loan Number�------------.Y�-- --e.,'��� � ' h;
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<br /> 78�02021 MOR TGAGE
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<br /> }! T IS MO�tTGAGE, made and executed this 7 day of �/�"y�.......... A D, � ,..
<br /> 1,9.7�,between the Mortgagor,, T,i?omas J, ,_5amek,_,a, single person _..__._. .;,.,,,.
<br /> ,i _....._ __..__ ... --�-�-------- -�-•--... �---_..._
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<br /> ? of .-----�rand Island County of.....Hall---- ._..... . . ..,State of Nebraska---......,heremafter refezred ''',
<br /> to as the Borrower ancl the Mortgagee, FIRST FEDER,AL SAVINGS AND LOA1V ASSOCIATION OF '
<br /> � I,INCQLN, 1235 "N" 5treet, Lincoln, Nebre.slta &8501, its successors and 8Sf'sIgII6� herein8fter referred to •. ;', �"
<br /> � as Lender. • ,..
<br /> { ��t��� �t�t����1$orrqwer for and in consideration of the sum of �'ORTY ONE TIiOUSAND �
<br /> ._...... ---:. I�oi,ars (uS$ .41.,.5QQ .OQ.._... ......)
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<br /> � pa�d by saud Lender,dces hereby mortgage,grant and ron��l�o Txnder its quceesso:s and a�ssigna; the za
<br /> ' follow"sng described property located in the County pf..._....................... .., Sta6e of Nebraska. �" �
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<br /> ! Lot Eight ($), WesteYn Hei,glits Third Subdivision, Hal3 Connty, Nebrsska. •"
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<br /> -, `' 'I`oc�rx�a with all the irnprovemen�� now or hereafter erected on the groperty, and all easemenbs, � ' "��a
<br /> � righLa; appurtenances; rents, royalties, mineral, oil and. gas rights and pco&ts, water, water rights, antl "' ��
<br /> watez stxk,:and all fixtxixes nqw or hereafLer attached to the property, all of which, including repiace- Y�;
<br /> � meats and additions thereto,shali be deemed to be and remain a part of the proper@y covered by this �',�,7'
<br /> Mortgage; and all of the foregoing, together with said property (or the leasehold estate in the event this ��b,
<br /> .� . Mortgage is on a I�asehold) are herein referred to as the "Property". ' a, "
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<br /> �l; Sorrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the nght 4 ,�-
<br /> � ta mortgage, grant and convey the Property,that the Property ia unencumbered, and that Bonower will } ��
<br /> warrant and defend generally the title to the Property against all claims and demands, subject to any �r y'
<br /> easements and restrictions listed in a schedule of exceptions to coverage in any title insurance policy in- `
<br /> "�' suring Lender's interest in the Property,or (2) attorney's opinion of title from abstract of title certified '�
<br /> '.� by bonded abstracten � a
<br /> .�;;f �.PEOVIDED ALWAY3� and theae presents are eaecuted and delivered upon the following conditions,agree- "��
<br /> � meats and obligations of the Borrower, to-wit: �.,'
<br /> # y P • p FORTY ONE THOUSAND
<br /> T�e Borrower agrees topa to the Lender,or order, the nnci al sum of..--•......................•-•-••---••---------- '
<br /> ;� FI`1E HUNDRED AND:NO/100----------------------- 41 500.00 '
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<br /> ollars (US$----..z.......................�•-----•-•-� ,
<br /> :�: payable as provided in a note executed and delivered,concurrently herewith,the final payment of principal,
<br /> ,�r if not sooner paid, on the--•--•--....7.c,t_........ day of ---.--...AFxzl.------.•------------------�9..2i�17 = ,'
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<br /> LFxttroebr CovExwxrs.Borrower and Lender covenant and agree as follows:
<br /> 1. Paymant of P;incipal�d Iaterest. Borrower shall pmmptly pay when due the principal of and in-
<br /> .�, terest on the indebtedness evidenced by the Note, prepayment and late charges as pmvided in the Note,
<br /> � and the principal of and interest on any Future Advances secured by this Mortgage.
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<br /> „� 2_ Funds for Taxes and Ixasunmee. 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 yenrly taxes and
<br /> aeeessments which may attain priority over this Mortgage,and ground rents on the Property, if any plus
<br /> orie-ttaelfth of yearly premium installments for hazard insurance,plus one-twelfth of yearly premium in-
<br /> �'. stallm�enta for mortgage insurance, if any, all as reasonably estimated initially and fmm time to time by
<br /> � Lender on the basis of assessments aad bills and ressonable eatimates thereof,Lender shall apply the Funds �
<br /> .��',- to pay'eaid taxes;asaessments,insurance premiums and ground rents. Lender shall make no charge for so ?'
<br /> holdiag an8 spplying the Funda or verifying and compiling said assessments and billa The Lender shall �,
<br /> � gnre ta the,Borrower,without charge,an aanual accounti.ng of the Funds showing credits and debita to the '
<br /> � Funds and the purpoae for which.each debit to the Funds was made. The Funds are pledged as additional '� ,;
<br /> t�� security for the sums seaured by this'Mortgage:TheBorrower agrees that the Funds may be held by the
<br /> ' Leailet and�commiugled'with other funds and the Lender's own funds and the Lender may pay such items _ � `
<br /> �s. from its;own funds and the:I.ender shall;,aot be liable for interest or dividends on such Funds. - n
<br /> Y�.. : I€"th�amount�of^the'F�nds held by I,eader,together.with the futture monthly installmenta of Funds I i "}n' r�
<br /> ", P8Y�'�e,pnor'to.t�e'dne-.datea of"taaes,assessments, insurance pzeminms and giound,rents, shall eaceed ,�
<br /> `., the.amount�reeqniredr'to.pay said taaes;assesameats,insurance premiums and ground rents as they fail.due, 4;'.
<br /> 1 spchteaceea sKalI4bey at;�orrOwer's op tion, either pzomptIy repatd to Borrower or credited to Borrower on -
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<br /> �, moatl�dy,inst-allmeats:of::Funds.�;If the amovnt of the Funds held by Lender shall not be sufficient to pay ai�`"`:
<br /> ; tazes,:aesessinerite� insurance premiums and grouad rents'as they fall due, Borrower shall pay to Lender >:;..° �;�.� �
<br /> w atty�amount�n�ry,to:make-.up the detdency within thirty days after notice from Lender to Borrower
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<br /> zequestin� payment thereof, or.Borrower.sHall, by att increase in monthly installments of Funds requirecl,
<br /> ::� ;epay.#1ie deficiency within the Fund accouating period.
<br /> . LTpon payinent in fuli of all sums secured by this Mortgege,I:ender ahall apply Funds held as a credit �
<br /> ' againet all sums due.
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