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<br /> INDIVIDUAL
<br /> DUE ON SALE
<br /> �RST OPTIONAL FUTURE ADVANGES
<br /> ;i �� SAVINGS FUND
<br /> j . .. ..�� . .FonM No.720. . . � 7'
<br /> (; Loan Number__�SJ9B__-_J.B.EL_--B��Lh i .
<br /> 1
<br /> � 78� U 0<�5 21 M O R T G A G E
<br /> # � �� ��;;
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<br /> HIS MORTGAGE, made and executed this ..............�..._........... day of.._..._.._....._�.l___ _ . A.D., �
<br /> 19_��.., �..............
<br /> : betweentheMortgagor,..Dayid,J_,_.Stoddard_and..Kathy__Stoddard_�_.husband..and„wiFe�.._ :'
<br /> I joint3e,t-and_each in their own right _______._ ,..
<br /> ° ........................................ ------ .. ... ---. ..------- •----.... ......... .._..----
<br /> ; og ,__:Grand IsZand County of._... _,HaZl.._.._._.. State of._Nebraska hereinafter referred ' '
<br /> � to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN�ASSOCIATION OF
<br /> LINCOLN, 1235 "N"$treet,Lincoln, Nebraska 68501, its successorr and assigns,hereinafter referred to
<br /> r as Lender. .
<br /> ���j WITNESSETH: TI78t tI1C said Borrower for and in consideration of the sum of...�RTY._EI�N�'..2'�IQ;ISAND � � . �.`
<br /> l ONE_.H(7NDRED FrFTY AND:NOf100-_-----_----.--------------�ol:ars (US$-.48�150_00.. ---.--•_-)
<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 ..Ha21._____. . State of Nebraska: '
<br /> _� ---�----�----•-•---•-••-�>
<br /> �
<br /> Lot Two (2), Block Five (5), in Kay Dee Subdivision, located
<br /> f in part of the 8outhwest Quarter of the Southwest Quarter (SWkl-6Wu)
<br /> j of Section 21, Township 11 North, Range 9 West of the 6th P.M., 4
<br /> � Iiall County, Nebraske. +
<br /> t F
<br /> � x�
<br /> ';��;� �TOGETHEA W1tI1 8I1 tI]B improvements now or hereafter erected on the property, and all easements, ;
<br /> rights,appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and
<br /> ? water atock, and all fixtures now or hereafter attached to the pmperty, all of which, including replace-
<br /> � ments and additions thereto,shall be deemed to be and remain a part of the property covered by this 7 �
<br /> � Mortgage; and all of the foregoing, together with said property (or the leasehold estate in the event this �,.,
<br /> ; Mortgege is on a leasehold) are herein referred to as the "Property". ;
<br /> �;;
<br /> � Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right '�
<br /> � ta mortgage, grant and convey the Property, that the Property ia unencumbered, and that Borrower will " "
<br /> ;� warrant and defead generally the title to the Pmperty against all claims and demands, aubject 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 /> ? Paovinen ALwnxs, and these presents are executed and delivered upon the following conditions,agree-
<br /> ' } ment5 and obligations of the Bonower, to-wit:
<br /> � The Borrower agrees to pay to the I.ender, or order, the principal sum of __F'Qli�'Y..FTS'iN.2..2'XQUSAN.a_ " �
<br /> f .O.Al�..�?i(�IARTs.D_..F�.F�:.,�'.�..A?4L.39..4.--_—r_.--cr..----r..---c--.---�ollars (US$...4.$1.1.5.R_.AA.....--•---.__.._.:_) i
<br /> , � payable as provided in a note executed and delivered,concurrently herewith,the final payment of principal,
<br /> ',:
<br /> ° if not sooner paid, on the....._...�.S.ti-•-•-----•--day of---•-•...----..._--•-•�3='•---------•---.�di8--20f37
<br /> ` j Uxu�ottM CovEtvwx2s. Borrower and Lender covenant and agree as follows:
<br /> 4 I. Payment of Priadpal�d Intereat 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 /> ."j 2. Fuads for Taxes�d Insur�ce. Subject to Lender's option under paragraphs 4 and 5 hereof, Bor-
<br /> a �: rower ehall 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 tazes and
<br /> assessmenta which may attain priority over this Mortgage, and ground rents on the Property, if any plus
<br /> ?' one-twel#th of yearly preauum installments for hazard insurance, plus one-twelfth of yearly premium in-
<br /> "' � atallments for mortgage insurance,if any,all as reasonably estimated initially and from time to time by ;F
<br /> � Lender on the basis of assesstnents and bills and reasonable estimates thereof,Lender shall apply the Funds
<br /> , w to pay said taaes, assessments,insurance premiums and ground rents. Lender shall make no charge for so
<br /> holding and applying the Funds or verifying and compiling said assessments and bills. The Lender shall
<br /> g�ve to the Borrower,without charge,an annual accounting of the Funds showing credits and debits to the
<br /> ,i. Fnnds and the purpoae for which each debit to the F�nds was made. The Funds are pledged as additional
<br /> � aecurity.ior the aums secured by this Mortgage. The Borrower agrees that the Funds may be held by the
<br /> � Le,nder.and commingled.with other funds and the I.ender's own funds and the Lender may pay such items
<br /> from its own funds and$he Lender ahall not be liable for intereat or dividends on such Funds. "�"�
<br /> �� If tTse amount of tke Funds held by Lender,together with the future monthly installmenta of Funds '
<br /> 4� payable prior to the due�dates of�taaes, assessments, insurance premiums and ground rents, shall exceed
<br /> �;�
<br /> the amount requined.topa y said tauea,asaessments,inaurance prexniums and ground rents as they fall due,
<br /> n� such:eaoeas-st�all?be,at Borrower's option,eiLtier promptiy repaid to Borrower or credited to Borrower on k"�
<br /> '� mont�ly installments of;Fdnrls.,If the amount of the F`unds held by Lender shall not be sufficient to pay '. �
<br /> , � tazes.,sssesa�ents ;•,a„rance remiums'and *'`
<br /> ' nm p ground rents as they fall due, Borrower shall pay to Lender ,,� �, �
<br /> ''� �S�":�O�t necessary'to mske up the de8dency witivn . .'� '
<br /> 3„ tlurty days after not�ce from Lender to Borrower
<br /> r requestuig payrneirt thereof, or'Borrowor shall, by an increase in monthly installments of Funds required,
<br /> `;, repay the deSriency-within the.Fund accounting period.
<br /> ;„; : � Upon".payment in fuII o#all'aums secured by this Mortgage,Lender shall apply Funds held as a credit
<br /> , ; against.all sums due. _ _ �
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