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� � <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. <br /> l <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 <br /> 6 <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. <br />