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� �
<br /> IfVDIVIDUAL
<br /> DUE ON SALE
<br /> FlR� OPTIONAL FUTURE ADVANCES
<br /> �■ SAVINGS FUND
<br /> r' � FORM N0.720
<br /> � UNC�.N 36467 — 188 — 1 '
<br /> '+ Loan Number-----------------
<br /> . TYOe _---Brancl� . .
<br /> - ; M O R T G A G E
<br /> � �j Zs-�UU3092 � � � �
<br /> . i THI3 MORTGAGE, made and executed this .........�� day of ..............�f...�. . A.I?.,
<br /> .. ................. .
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<br /> ; 19__��,between the Mortgagor,_.....�e S.___Van Boening.and D'Ann Van Boening�.,huaband and„_
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<br /> •� ---•--•------wifez..:�ointl_y and each in their own right�.. ...................•---•-•-�--------- -.....-- ....--•---
<br /> ..._ ..------..
<br /> ( of .............Grand Island County of. ...�al.l , _ , ,State of_..._Nebraska hereinafter referred
<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 Lender.
<br /> �; WITNF.93ETH: T}79t t}1Q S87CI BOl'IOW62' IOT and in consideration of the sum of...._.1WF.NTY..DTINE...THOUSAND �� "�. �
<br /> � ------------------SEVEN,HUNDRED,.AND.NO/100--.-.-c-r..-c----.--r.r.---.Dol:ars (US$._._.29,,.7.QR..OD.-.--........---)
<br /> paid by said Lender, does hereby mortgage,grant and convey to Lender, its successors and assigns; the
<br /> ' ` following described pmperty located in the County of .........ki.ail...... ................... State of Nebraska: '
<br /> - j Lot Eight (8), Block Eleven (11), Schimmer's Addition to the
<br /> S City of Grand Island, Hall County, Nebraska.
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<br /> , � TOGETHEE with 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 stock, and all fixtures 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 property 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 referred to as the "Property".
<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 Pmperty 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 /> . � saring Lender's interest in the Property,or (2) attorney's opinion of title from abstract of title certified
<br /> , i by bonded abstracter.
<br /> PROVIDED ALWAYS� and these presents are executed and delivered upon the following conditions,agree- � �
<br /> ments and obligations of the Bonower, to-wit:
<br /> . The Borrower a rees to a to the Lender, or order, the �NTY NINE THOUSAND
<br /> g P Y principal sum of ---------�---�------�---......_.............. '
<br /> SEVEN HUNDRED AND NO/100---------------------
<br /> � --•---•--••-----....--•--••-•-----------•.-•••-----.....-•------••-•--•�--•-•----.._..-•--•.............�---•----..Dollars (US$--29�700..00--•-----�-••-•---�
<br /> ; � payable as provided in a note esecuted and delivered,concurrently herewith,the final payment of principal,
<br /> ( if not sooner paid,on the.---f�='.�t---.._...... day of-- -•--JWI�--��-----•--........--�---., �2Q�7
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<br /> I UxiFoaM Covstawrr�rs. Borrower and Lender covenant and agree as follows:
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<br /> ; 1.Payment of Priacipal�d Iaterest. Borrower shall prom tl
<br /> F terest on the indebtedness evidenced b the Note, p Y Pay when due the principal of and in-
<br /> y 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 /> i { 2. Funds for Tmces aad Ineur�ce. Subject to Lender's option under paragraphs 4 and 5 hereof,Bor-
<br /> ' j rower shall 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 taxes and
<br /> assessments which may attain priority over this Mortgage, and ground rents on the Property, if any pius
<br /> ,� one-twelith of yearly premium installments for hazard insurance, plus one-twelfth of yearly premium in-
<br /> stallmenta for mortgage insuzance, if any, all as reasonably'estimated initially and from time to time by
<br /> Lender on the basis of assessments and bills and reasonable estimates thereof,Lender shall apply the Funds
<br /> ' '� to pay said taxes,assessmente, insurance premiums�nd 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
<br /> ,;� security for the sums secured by this Mortgage. The Borrower agrees that the Funds may be held by the "'�,S
<br /> , I.ender and commingled with other funds and the Lender's own funds and the Lender may pay such items '"
<br /> �.� from ita own funds and the Lender shall not be liable for interest or dividends on such Funds. �p.'k �'`
<br /> If the amount of the Funds held b Lender,to ether with the future monthl � '-= ,s
<br /> able �' g Y ���llments of Funda
<br /> pay prior to the due dates of tax�,,assessments, insurance premiums and ground rents, shall exceed E,�. :,� '
<br /> the amount reqnired to'pay said taaea,asseasments,insurance premiums and ground rentR as they fall due, ,�
<br /> auch excess"shall be,at Bortower's option; either promptly repaid to Borrower or credited to Borrower on ;,{
<br /> monthly:instaliments of F`unda. If the amount of the Funds held by Lender shall not be sufficient to pay ;��;;P:
<br /> taxes> asaessmenta, insurance premiums and ground rents as they fall dae, Borrower shall pay to Lender � ' :w� ..
<br />` '1 any amount neceseary to make up the deficiency within thirty days after notice from Lender to Borrower
<br /> requesting payment-thereof, or Borrower shall, by an increase in monthly inetallments of Funda required,
<br />'^�! repay the deficiency within the Fund accounting period.
<br /> � Upon payment in full of all sums secured by this Mortgage,Lender shall appl,v Funds held AS a credit
<br /> � against all auma due. I
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