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<br /> IfVDIVIDUAL
<br /> DUE'ON SALE
<br />` OPTIONAL FUTURE A�VANCES
<br /> r1!i �� SAVINGS FUND
<br /> I� ...�� �_�.FORM:No.720 :' ' �, '�'�:
<br /> Loan Number___3�?1�__-__1$$_-__1__ ` '
<br />'�. .. . . . ' . . . . . .. . TYOe Branch
<br /> i
<br />� 78-- 00233'7 M ORTGAGE
<br />� THI$MORTGAGE, made and executed this ...... �� �'Ip '.�
<br /> ... ..................... day of ....... --••�---��---.. A.D., ,
<br />� - /" -•----•--...
<br /> j 19..� _..,between the Mortgagor,_..�orge B. Volz and Debra S. Volzt husband__and__wife,,..�ointly ir
<br /> s an�each in their own right, " '
<br />� ...................-••------...--•.._....---.......--••- -•- -----••-••••-•--•--..._....•-••-•--�•------••--�-••---..__..................••---•----•--••-----------•-••--•----...
<br />} of.._..___..Grand Island County of_...__......Hall ,State of_Nebraska. hereinafter referred '' `
<br />� to as the Borrower, and the Mortgagee, FI1�ST FEDERAL SAVINGS AND LOAN ASSOCIATION OF ,�-
<br />' LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter refened to "
<br /> as Lender.
<br /> WITNES3ETH: TI]RL t�e said Borrower for and in consideration of the sum of_.F�UR.T.EEN„THOUSAND �, .�_ :�';�,
<br /> FIVE HUNDRED AND NO/I 0------------------------------Dol:ars (US$ �`: 500 00 � :
<br /> ..-•-•••-•-•...........................•---...-�--�---.....-•-�---------�---�----�------�•------�•--��---�--�-•--- -�-�-'-•--•-.r..._. .. . ...._...---
<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 ....................Hall , State of Nebraska: E� ` ;i:
<br /> - t.
<br /> Part of Lot Eight (8) in Vantine's Subdivision, located on part of the Northwest Quarter
<br /> (N[�) of Section 22 in Township 11 North, Range 9 West o£ the 6th P.M., more particularly
<br /> described as follows, to-wit: Commencing at a point 50.5 feet South of the Northwest
<br /> Corner o£ said Lot 8 and running thence East upon the South Boundary line oF said Lot
<br /> £or a distance of 135 feet, running thence North parallel to the FTest boundary line
<br /> of said Lot, for a distance of 50.5 feet, running then West parallel with the South !�
<br /> bovndary line of said I�ot, for a distance oP 135 feet to the place of beginning, in
<br /> Hall Cotvsty, Nebraska.
<br /> TocsTxEe with all the improvements now or hereafter erected on the property, and all easements, Y?
<br /> rights, appurtenances, reats, 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,ahall 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 r
<br /> Mortgage is on a leasehold) are herein referred to as the "Property"_ -
<br /> .�;'
<br /> i'
<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 of exceptions to coverage in any title insurance policy in-
<br /> suring Lender's interest in the Ptoperty, or (2) attorney's opinion of title from abstract of title certified ,::�i
<br /> by bonded abstracten ';�i
<br /> PBOVIDED ALWAYS� and these presents are executed and delivered upon the following conditions,agree- .
<br /> ments and obligation� of the Borrower, to-wit:
<br /> The Borrower agrees to pay to the Lender,or order, the principal sum of ...FOURTEEI3__THQU�AJ3A..E'�.VE '
<br /> HUNDRED AND NO/100---------------------------------Dollars (US$.14 900..QQ----------...----•---)
<br /> ._...------•.................. ............ ................•---------••---------•----...-------...._�---.... ,..
<br /> payable as provided in a note executed and delivered,concurrently herewith,the final p�a�,y�ent of principal, �
<br /> if not sooner paid,on the---�--�--••--.lst---•-- day of_...---MaY.. ................... ... ....� F9�----199�
<br /> UxiFoxM CovExnrrrs. Borrower and Lender covenant and agree as follows:
<br /> 1. Payment of Priacipa]aad Iaterest. 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 /> and the principal of and interest on any Future Advances secured by this Mortgage.
<br /> 2. Funds for Taxes �d Insuz�ce. Subject to Lender's option under paragraphs 4 and 5 hereof,Bor-
<br /> rower shall pay to Lender on the day monthly inatallments 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 fmm time to time by
<br /> Lender on the basis of assesaments and bills and reasonable estimates thereof,Lender shall apply the Funds
<br /> to pay said taxes,as.aessments,'insurance premiums And ground rents. Lender shull mal:e no charge for so
<br /> holding snd applying the Funds or verifying and compiling said ass�sments and bills. The Lender shali
<br /> give totthe 8orrower,-without charge,an annual accounting of the Funds showing credits and debits to the
<br /> Funds aad'the purpose for which each debit to the F'unds was made. The Funds are pledged as additional
<br /> aecurity for,the sums aecured by.this.Morkgage. The Borrower agrees that the Funds may be held by the �,c.-�
<br /> Lender snd commingled with othe=funds and the.Lender's own funds and the Lender may pay such items ��^ ,-
<br /> froxri,its,own.funds and the I.ender ahall not be liable for interest or dividends on such Funds. ' �
<br /> � FV
<br /> If the amounb ofthe Fvnds held by Lender,together with the future monthly installments of Funds ,
<br /> payable paor to the due dates of taaes,assegsments: insurance premiums and ground rents, shall exceed �
<br /> the.amoun�required topa Y:said tases,eseesaments,msurattce premiums and ground rents as they fall due, �
<br /> such,exeesa.aha71 be, at BorroweYs op tioa, either promptly re�'d to Borrower or credited to Borrower on y�r'�'. ,�,,�
<br /> ~ ��y u�stallmenta o��Funde..,If.the amount of the Funds held by Lender shall not be suf6cient to pay �;�,.; ;� :=::
<br /> ` .:�mente,,ins+*T9nse-premiums.a�ad.ground rent,�x as they fall due, Borrower shall pay to Lender
<br /> any"amount neceava to rnake up the,deficiency w+ithin.t2�irty days after notice from Lender to Borrower
<br /> reqvestutg';paym�tt;�ereof,or Borrower ahall, by an inarease in monthly installments of Funds required,
<br /> repay`,tT�e,de5'ciency:vintl�liri'tHe Fund'accouatin`g perio� `
<br /> Upon paymeat in fnll of all-sume secured by thia Mortgege,Lender shali apply Funds held ns a credit �
<br /> against all sums,due,-
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