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<br /> 78-� �p22O2 MO RTGAGE
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<br /> 19. .B'.b�t�raen tMr p�gor lb►r+Qa► .i.. �wt�c,s�rn as,d Lroos..Yete ..hws,haad,and.xifa�_.
<br /> �o _at1X..!ocl.��..i.n�ttbeir_�o�rf+...[��!t._ ...
<br /> of __Gzaod.i�lasd_. _ , Couety a! . . _�lall .__ ,StateoE lle�raska__ - _ . ..._ _. . ....... .
<br /> ,hezeit�atter rriereed
<br /> to as the 8oerower, and tlie MoKpgoe. FIR.ST FEDERAL 9AYt2�'+GS AND LOAl�i A3.SOCIATION OF
<br /> LIl�TCOLht. 1235 "Pf"`Street. Linco6�. 1Kebraeka 8L4501. its waacce�oax and s.rwi�w. Fsereinafter referred to
<br /> as Lende�r.
<br /> W H• 'I'hat the said Bozrowrer for and "en con�iderat'mn ot the sum of. TKj?�..5.�..T�i0uSA2iD
<br /> �D �It� -- - -
<br /> ..._.---......_.._--........_.._..... . _..--Dol:ans (US$..36,000,_00...._....._...__)
<br /> _......... . .__...... _ ...._ _
<br /> peid by esid Lendee, does hereby moztgage, grant and corwe to I.er�der, ik4 sacceseors and ansigns; the
<br /> tollow�ing dee�ribed propertY located in the County of..._.... �11... ,._.-----------------, 3tate of Nebraskac
<br /> Lot 3even (7), Wectern Heights Third Subdivision, Hall County, Nebraska.
<br /> , TOCETHER WICI7 all the irnprovements now or hereafter erncted on the property, and ail easements, �
<br /> rigtats, appurtenances, rents, royalties, mineral,oil and gas rights and profits, water, water rights, and
<br /> water stock,and all fixtures now or hereafter attached to the property, all of which, including replace-
<br /> meats and additions thereto, shall be deemed to be and remain a part of the property covered by this
<br /> Mortgage; and all of the foregoing, together with said property (or the leasehold estate in the eveat this
<br /> Mortgage is om a leasehold) are herein referred to as the "PYoperty".
<br /> Borrower covenants that Borrower is lawfully seised of tF�e estate hereby conveyed and has the right
<br /> to mortgage, grant and convey the Property, that the Property is unencumbered,and that Borrower wilI
<br /> warrant and defend generally the title io the Property against all claims and demands, subject to any
<br /> ' easements and restrictions listed in a schedule of exceptions to coverage in any title insurance policy in-
<br /> suring Lender's interest in the Property,or (2)attorney's opinion of title from abstract of title certified
<br /> by bonded abstracter_
<br /> PROVIDED ALWAYS�and these presents are executed and delivere3 upon the following conditions,agree- �
<br /> ments and obligations of the Borrower, to-wit:
<br /> The Borrower agrees to pay to the Lender,or order, the principal sum of .TH.IRTY__SIX,.T_$O11S,2�NA.....
<br /> ,AND NO/100----------------------------------------'Doilnrs (US $-..36 00 __ �
<br /> ° ---------�--�---------------------------------...
<br />: , ..-------•-�------------------------------�-------_....--- �....0..00.-----•-----...._.
<br /> payable as provided in u note executed and delivered, concurrently herewith,the final payment of principal,
<br /> ;: if not sooner p�aid,on the---------1st.-------..... day of....------Apxa3.......................... �--2007
<br />� � LNIFORM COVENANTS. BOrIOWCI'8II(I L@IIfl@iCOV@ZIBRt and agree as follows: �
<br /> 1. Payment ot Principal aad Interest. Borrower shull 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 /> and the principal of and interest on any Future Advances secured by this Mortgage.
<br /> c '
<br /> E: 2. Funds for Taxes and Iasur�ce. Subject ko Lender's option under paragraphs 4 and 5 hereof, Bor-
<br /> rower shall pay to Lender on the day monthly instnllments 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 wl�ich 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 /> atallments for mortgage insurance, if any, all as reasonabl�• estimated initiallv and from time to time by
<br /> Lender on the basis of assessments and bills and reasonable estirnntes thereof,Lender shali apply the Funds
<br /> , to pay said tases,assessments,insurance premiums und ground rents. Lender shall make no charge for so
<br /> holding and applying the Fuads or verifying and compiling said ass�ssments and bitls. The Lender shall
<br /> qive to the Borrower, witho�t 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 mnde. The Funds are pledged as additfonal
<br /> � aecurity for the sums secured by this Mortgage.The Borrower agrees that the Funds may be held by the
<br />;''�' Lender and cornmingled with oth�- funds and the Lender's own tunds and the Lender may pay such items
<br />;<; from its own fnnds and the Lenner shall not be liable for intezest or dividends on siich Funds. .
<br /> j If the amount of the Funda held by Lender,together with the future monthly installments of Funds
<br /> �; paya2�le prior to the due dates of taaes,assessments, insurance premiums and ground rents, shall exceed
<br /> the amount required to pay saad taxes,aesessments,insurance premiums and ground rents as they fall due,
<br /> such excess shall be, at Borrower's op'tion, either promptly repaid to Borrower or credited to Borrower on
<br /> monthly installments �f Funds. If the amount of the Funds held by Lender shall not be sufficient to pay
<br /> ta�ces,-assessments, insurance premiums and ground rents as tbey fall due, Borrower shall pay to Lender
<br /> any amount nvicessary to make up the deficiency within thirty days after notice ftom Lender to Borrower
<br /> requestang payrnent thereof, or Borrower shall, by an increase in monthly installments of Funds requised,
<br /> repay the deficaency within the Fund accounting period.
<br /> LTpon payment in full of ail sums secured by this Mortgage,Lender shall apply Funds held as a credit
<br /> agairrst all sums due.
<br />
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