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<br /> IfVDIVIDUAL ' :�g��'� rK�'��'�.gfT� �'�°'����
<br /> DUE�ON SALE � � w��'�"��„^��-},"�
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<br /> OPTIONAL FUTURE ADYANCES
<br /> �� SAVINGS FUND
<br /> .. � � U���rVLIr �Fowef No.720 r ��.•.
<br /> Loan Number__3637�___-_�.99__-_Bl�h ,�;�,�
<br /> 78-• UU3Q41 M O R T G A G E °�,���
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<br /> THIS MORTGAGE, made and executed this ....._...../..,'`f............... day of ..........._.��...�. _._...___...._A.D., � �.�;
<br /> ��.�
<br /> 19_78..__,between the Mortgagor, ....Allen__R�..Kna�les..aad..Doruthy..M_._Knnwles,.__husband.-�and•ra�£e, �,��
<br /> .joi�tiy,_:�Aa...ea�h...�.n..xtx��.r..o�an_.r ht-,--••••••-------------- -•----•-------------•----•-•--------•------•----�--------. ,;,�s�."
<br /> •-- � --•----....••--- --•--....- �:�:;;w:�
<br /> of._..Grand Island_..__,.._, County of.............Hall._.._........._,State of..Aiebraska..._...>hereinafter refened �""'�^`
<br /> to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF "��:,
<br /> LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to �'
<br /> as Lendea
<br /> .., -
<br /> WiTxEssETx: That the said Borrower for and in consideration of the sum of .....TWELVE__TEiOUSAND �
<br /> ..F:=�..HUNA?�.D..�JA._NO%.l,QQ--r--r.-----------------�-------Dol:ars (US$--.12.>S.QO...QQ-----•----.....---�
<br /> paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br /> following described prnperty located in the County of ............................Hall_.._.__, State of Nebraska:
<br /> Fractional Zots Seven (7) and Eight (8), in F`ractional Block
<br /> Three (3), in Gilbert's Second Addition to the City of Grand
<br /> Island, Hall County, Nebraslsa.
<br /> TOGETHEH W1Et1 all the improvements now or hereafter erected on the property, and all easements,
<br /> rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and
<br /> water atock, and all fiztures now or hereafter attached to the property, all of which, including replace-
<br /> ments and additions thereto,shall be deemed to be and remain a part of the pmperty covered by this
<br /> Mortgage; and all of the foregoing, together with said property (or the leasehold estate in the event this
<br /> Mortgage is on a leasehold) are herein refened to as the "Property".
<br /> Borrower covenants that Bonower is lawfully seised of the estate hereby conveyed and has the right
<br /> to mortgage, grant and convey the Property, that the Property is unencumbered, and that Borrower will ;,";
<br /> warrant and defend " '' r' "
<br /> generally the title to the Property against all claims and demands, sub�ect toyany ����,
<br /> easements and restrictions listed in a schedule of exceptions to coverage in any title insurance polic in- � ryqF�,n� ,�
<br /> suring Lender's interest in the Property, or (2) attorney's opinion of title from abstract of title certified .�y�h`� �
<br /> by bonded abstracter. �,�'� �'
<br /> � 'a.r;:`'`''�++ �.
<br /> P$OVIDED ALWAYS� and these presents are executed and delivered upon the following conditions,agree-
<br /> ments and obligations of the Borrower, to-wit: ,�r -
<br /> � .
<br /> ����
<br /> The Borrowe a�rees to pay to the Lender,or order the principal sum of...T�LVE_.THOUSAND_FIy� � °J,,;..
<br /> HUNDRED AND NO�1o0----------------------�--------Doilars (US$..12�500 00------ --.--•--� ° ���;.'
<br /> ..............................•---•-------.......--•---------...---••---........_...._...------...-�--�-----•-��----
<br /> payable as provided in a note executed and delivered,concurrently herewith,the final payment of principal, a����y
<br /> ifnot sooner paid,on the.....----3e�-.._..... day ot................Ma 1�J_. .. , � e,�.�.
<br /> y...... ..---�-----•--�� '33 ,ti '�.n�,� ,
<br /> � � UNIFORM COVENANTS. BOl'I'OWCI'flIlCl LC21Cl@T COVQRAIIt and agree as follows: � � �����,���'�� �
<br /> . :..� ,,� ...+. .
<br /> 1. Payment of Principal�d Iaterest. Borrower shall promptly pay when due the principal of and in- �>;�'` �
<br /> terest on the indebtedness evidenced by the Note,prepayment and late char es as `•r ''�'
<br /> g provided in the Note, .> ����,
<br /> and the principal of and interest on any Future Advances secured by this Mortgage. `Yrfi�,�'� �fi,:
<br /> 2. Funds for Taxes and Insuzance. Sub'ect to Lender's o tion under � p ��r��°�` •
<br /> ) p para.ra hs 4 and 5 hereof,Bor- �
<br /> rower shall a to Lender on the da monthly installments of "4��,^��''�
<br /> P Y Y 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 �,s4,�„��
<br /> assessments which may attain priority over this Mortgage, and ground rents on the Property, if any plus ,L ,�
<br /> one-twelfth of yearly premium installments for hazard msurance, plus one-twelfth of yearly premium in- ''«' �.>"�'`��'�"
<br /> stallments for mortgage insurance, if any, all as reasonably estimated initiallv and fmm tirne to time by '�, �" `�'"'+� . F n �
<br /> Lender on the basis of assessments and bills and reasonable estimates thereof,Lender shall apply the Funds a«�"''��,Sc�',�d'"�,
<br /> to pay said tases, 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 /> give to the Borrower,without 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 made. The Funds are pledged as additional S�'"�''`�`'",;
<br /> security for-the sums aecured bg this Mortgage. The Borrower agrees that the Funds may be held by the f;.n;i�
<br /> Lender and commingled with other funds and the Lender's own funds and the T.ender may pay such items ,s7`-�"`T``�
<br /> from its own funds and the Lender ahall not be liable for interest or dividends on such Funds_ y��•,
<br /> If tt�e aa�ount of the Funds held by T,ender,together with the future monthly installments of Funds �: h,�
<br /> payable'.prior to;the due dates of tages,assessments, insurance premiums and ground rents, shall exceed ` y,;��'�
<br /> x the ambunt required to paq said tases,asseasments,insurance premiama and ground rents as they fall due,
<br /> : such,eacess sHall be, ak Borrower's option;either promptly repaid to Borrower or credited to Borrower on 'r �!�
<br /> finonthly,installments of:Funde.If,the amount-of the Funds held by Lender shall not be sufficient to pay � -
<br /> tazes>asseBsments,insurance premiums.-and ground rents as they fall due, Borrower shall pay to Lender
<br /> any atriount necessary to,make up the defidency withia thirty days after notice from Lender to Borrower ^ - >� '
<br /> � ��
<br /> requesting payment the'reofr,or Boizow'er;;shall, by an increase in monthly installments of Funds required, � '`;'�
<br /> ,..,.
<br /> repay t�e'defiaency witliib the Fund accounting..period.. - �{�
<br />� ag: iTpon payment in full of all t;ums secured by this Mort�agc,Lender shail apply Funds held as a credit `"�"
<br /> ainst all sums'due. _ �
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