� �
<br /> 1NDIVIDUAL
<br /> DUE ON SALE
<br /> j �RST OPTIONAL FUTURE ADVANCES
<br /> �■ SAVfIVGS FUN�
<br /> � FORM N0.720
<br /> °-i UNC�-N Loan Number_�535�---- 1$8--- -L--
<br /> � � � *res a..o�n � � � .
<br /> ? 78-0026�9 M O R T G A G E
<br /> j THI3 MORTGAGE,made and executed this .......3..................... day of .........May_............_....__... A.D.,
<br /> ' 19----78.,between the Mortgagor, _Rab�xt..LAewens.te.in,-.a..sAnS].e..F-�x�szn.......... .. .................................
<br /> 9 ..-----------........................•-••---•-•�-•-•-----•-------.._..----•-------••----------•--•---�---....._..._..........--�-�----.._..--•-----••----•�----------...__....__........
<br /> � of..._Grand island._..___. County of......xall ._.._..,__.... State of...,Nebraska ..,� hereinafter referred
<br /> ! ta as Lhe Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIAT'ION OF
<br /> ` � LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to
<br /> as Lender.
<br /> j �W�A1 QQ ti__That the-said Bonower for.and in consideratioDol arse(US$.f.�3�RQ.Q OQ._THOUSAND , ;
<br /> paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and asRigns; the
<br /> - � following described property located in the County of..........Hall _.................. State of Nebraska: 's
<br /> #
<br /> ' Lot Eighteen (18), Blocic Five (5), Valley View Sutidivision being part of the
<br /> North 1103.0 feet of East Aa1f of the Northeast Qvarter �E2NE,1—,) of Section
<br /> 22, Township 11 North, Range 9 West of ttie 6th P.M., Ha1Z Covnty, Nebra�ca.
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<br /> �
<br /> � TOGETHEH Wlt}1 all the improvements now or hereafter erected on the pmperty, and all easements, . .
<br /> , i rights, appurtenances, rents, royalties, mineral, oil and gas rights and proSts, water, water rights, and
<br /> water atock, and all fixtures now or hereafter attached to the propetty, All of which, including replace- �
<br /> ' j ments and additions thereto, shall be deemed to be and remain a part of the property covered by this ' ;
<br /> 'l Mortgage; and all of the foregoing, together with said property (or the leasehold estate in the event this '!
<br /> � k Mortgage is on a leasehold) are herein referred to as the "Property".
<br /> `i Bortower 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 /> . j suring Lender's interest in the Property, or (2) attorney's opinion of title from abstract of title certified
<br /> 'i by bonded abstracten
<br /> ;'� PROVIDED ALWAYS� and these presents are executed and delivered upon the foilowiag conditions,agree-
<br /> , � ments and obligations of the Borrower, to-wit:
<br /> i' The Borrower agrees to pay to the Lender,or order, the principal sum of..xHxRxX_.7.412.�IQASANR__..
<br /> 1 ...---�ANII..NO.L-1Q0--------r..---------r..c----_-.c--r..---r..-_--r.--.---Dollars (US $�---�-�2�0OO.�VO.--.....----��
<br /> , ' payable as provided in a note executed and delivered,concurrently herewith,the final payment oE principal,
<br /> .. t if not sooner paid,on the.........._1s�......._. day of.................May._..-.----_ .-_., 34..2A07
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<br /> �� UNIFORM COVENANTS.BOTTOWB!&tt(1 L@IICICT COVBIIHIIt&i1C1 agree as follows:
<br /> ' 1. Payment oE Principal�d Interest. 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. Fuads for Taxes�d Iasurmzce. Subject to Lender's option under paragraphs 4 and 5 hereof,Bor-
<br /> rower shall pay to Lender on the day monthly installments of principnl and interest are payable under the
<br /> � Note, until the Note is paid in tull, a sum (herein "Funds") equal to one-twelfth of the y rly taxes and '
<br /> , assessments which may attain priority over this Mortgage, and ground rents on the Proper�, if an,y pius
<br /> one-twelfth of yearly premium installments for hazard insurance, plus one-twelfth of yeari�premium in-
<br /> � stallments for mortgage insurance, if any, all as reasonably estimated initislly and from time to time by
<br /> j Lender on the basis of assessments and bills and reasonable estimates thereof, j.ender shall apply the Funds
<br /> to pay said tases,assessments,insurance premiuins and gmund 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 /> j give to the Borrower, without charge,an annual accounting of the Funds showing credits and debits to the t
<br /> '' Funds and the purpose for which each debit to the Funds was made. The Funds are pledged as additional �
<br /> ' }; aecurity for-the sums secured by this Mortgage. The Borrower agrees that the Funds may be held by the --�•�"
<br /> r,� Lender and cornmingled with other funds and the Lender's own funds and the Lender may pay such items ^
<br /> �, from its own funds and the Lender shall not be liable for interest or dividends on such Funds. r;;� "�
<br /> ��1: If the amount of the Funds held by Lender,together with the future monthly installments of Funds � �
<br /> c"� payable prior to the,due dates of tage's,asseasments, insurance premiums and ground rents, shall esceed
<br /> 'i the amount required topa y said tases;asaessments,insurance premiums and ground rents as they fall due, Y ;-x
<br />"� such excess shall be, at Sorrower's option, either promptly repaid to Borrower or credited to Borrower on +r'
<br />;.,;; mont�ily installments of-Funds. If the amount of the Funds held by Lender shall not be sufficient to pay ,,� ��.',`
<br /> taxes, sasessments,inaurance-premiums and ground rents as they fall due, Borrower shall pay to Lender
<br /> any amount necessary to make up the.deficiency within thirty days after notice from Lender to Borrower
<br /> reqvesting payment thereof,or Borrower shall, by an increase in monthly installments of Funds required,
<br /> repay the deficiency within the Fund accounting period.
<br /> U�n payment in fuli of all sums aecured by this Mprtgage,Lender shail upp13•Funds hcld as a crcdit �
<br /> against all sums due.
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