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<br /> 1NDIVIDWAL
<br /> pUE OW $ALE
<br /> � FlR� OPTIONAL FC/TURE ADVANCES '
<br /> :: �■ SAVINGS FUND
<br /> '� .'�_�s �_ a� FORM NO_720 . .. � � . r`+`.
<br /> �.... . . . . ��•v'�'_ , . . . Loan IVum:ber_�_��L�$Q.__.,`__188._ _�el�th
<br /> i 78- '��2 0'7� ' h/[ O R T G A G E
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<br /> i T�Y3 MQRTGAGE, made end executed this �� day u# ... ��� .......__. A.A., .`'
<br /> i 19...� between the Mort agoz. .flarvey K:--_R?Yner and. �,a.�gan._�tgY.n;�74'.,..l�;x&b.Etris�..Aectd svife, , ;
<br /> ' ,jointl�+.and, each in their own.right....... ..... . ................ A...••----....---
<br /> .. --•• -•-------�-••-• --- ..._...
<br /> , � of..Grand Island..- --....y �ounty of _........�gll .._._,Statie of.....Nebraska...,hexeinafter referred
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<br /> ± to as the Borrower, and the Martgagee, FIF2ST FEDE.RAZ.SAVINGS A�TD LOAN AS$OCIATION O-F - `:
<br /> r LI1VE'UI.N, I235 "PT" 5�reet, Lineatn, Nebnaska 685�'1, its saeeessor4 arrd' assigns, hereinafter reterred tv
<br /> � es Lenders
<br /> � Wrrta�sse�rx: 'I'hat the said Borrower for and 3n consideratian of the sum of �LVk. ',CF�OUS.AtJA . !
<br /> AND ls0/1OO -----^--�---�___�..,..----- .__ .:.::..---�--.-Dol:ars (US$..12.,,OQQ�00_.. 'a
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<br /> . ...................,_...,......__...-•---••--•--,....-•----.....----�--•- .._._...) "
<br /> paid by ssid Lendez, doer,hereby martgage, gsant and convey to Lender, ita suc.eessors and assigns; the � '
<br /> � follow'ing described pmperty located in the C"•ounty of..........Hs.7:1........................... StaCe of Nebra,ska: ' ' `•'
<br /> I,at Six (6�, Bloc$ Ten (1(5), Charles Wa�m�a's Addition ta the
<br /> City qf Grand "2slsnd, HaS1 Covnty, Nebraska.
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<br /> � TOGETHER with all the improvements n�aw or hereafter erected on the pmperty, and all easements, '�� ��� � ' �� '�
<br /> srights, appnrtenanc�s, tenfis, ro,yalCies, minerai, oil sad gas rights and profi�s, watea, water rights, atrd
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<br /> water sbock,and all fix-tures now or hereafter aGtached to the property, all of which, including replace- `'
<br /> ments-snd additlons theretu,shall be deemed to be and remain s part of t'he groperty aovered by tlus r'
<br /> Mortgage; and all o# the foregoing, togetiher with said property Cor the ieasehold e:state in the event this p,
<br /> Moztgage ie on s leasehold) are herein referred to ss the "ProperGy''. ,;
<br /> Borrower covenants that Borrower is]awfully seised of the estate hereby conveyed and has the right `. � �'
<br /> � ta 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 /> �' essements and =estrictions listed in a schedule of eaceptions 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 certiSecl
<br /> by bonded abstxacter. '
<br /> PROVIDED ALWAYS,and these presents aze executed and delivered upon the following conditions,agree- �
<br /> ments and obligations of the Borrower, to-wit:
<br /> ` The Bonower agrees to pay to the Lender,or order,the principal sum of_._��IZE...THQUBAND_.ArID... �
<br /> ..�9r100 ....... ..---_----.-----.---------------------------Dollars (US$-12. S2A9...QQ.---••---...__....._) , :
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<br /> payable as pmvided in a note executed and delivered,concurrently herewith,the Snal payment of principal,
<br /> '" if not sooner paid,on the__._..._1sx..----•-•---- day of---•----.Apr.i1.......................� 3Bc..2003 % i
<br /> UxiFoert Covatwtvrs. Borrower and Lender covenant and agree as follows:
<br /> 1. Payment of Priadpal cmd Interest. Bortower shail promptly pay when due the principal of and in-
<br /> terest on the iadebtedness evidenced by tAe 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. Funda for Taxes�d Insur�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 payabie 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 fot hazard insurance, plus one-twelfth of yearly premiurn in-
<br /> ataliments for mortgage inaurance,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 tages,assessments,insurance premiums and ground renta. Lender shall make no charge for so
<br /> �. � hoiding and applying the Funcle or yerifying and compiling said assesaments and bills_ The Lender shall
<br /> glye ta the Borrower,.without charge,an annual accounting of the Funds showing credits and debita to the
<br /> Fands and the purpose for which each debit to the Funds was made. The Funds are pledged as additional
<br /> security for the aums secured by this Mortgage. The Borrower agrees that the Funds may be held by the
<br /> Lender•aiid'commingled with other funds and the Lender's own funds and the Lender may pay such items
<br /> ` from its'own fimds and the Lender shall not be liable for interest or dividends on such Funds.
<br /> f"� " If the amonnt of.the Funds held by Lender,together avith the future monthiy installments of Funds - ��T
<br /> k paYable,'grior£ai"the ilne,dates:of tszea,assesaments,:,insurance.premiums and ground rents, shall esceed �w'.
<br /> t� the amount,req�eiired�topa y said tsaq asses�ents,insurance premiums and ground rents as they fall due,
<br /> '` such'escess,sha�l'be,at Borrower's option, either promptly repaid to Borrower or credited to Borrower on
<br /> p+.F monthly inatall�ents of'Funds. If the emount of t,�3e Funds held by Lender shall not be aufficient to pay �:�<
<br /> t�ces,°'assessments insurance premiums and ground rents ss they fall due, Borrower shail pay to Lender •� ., }3,�
<br /> r� aay amount necessary,=to make up the de$ciency�within thirty days aftez notice from Lender to Borrower `"` ���-"
<br /> F.� taqueating;payment-thereof, or•Borrower ahail,by an increase in monthly installments of Funds requited,
<br /> repay the deficiency within:the Fund accounting period.
<br /> �, .�' � f7poa'�payment in full of a�l svms aecured by this Mortgage,Lender shall apply Funds held as a credit
<br /> � against a]1�sua�s"due. " �
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