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<br /> � , INDIVI�IiAL . . u.
<br /> �1 DUE ON SALE � '
<br /> g � ����� � OPTIONAL��FUTURE ADV/�1NCE5� �� � t, . � � �i Wa`t
<br /> � �' SAVINGS FLIND j,: ft��;
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<br /> FowM N0.720: . fx '� f� °"�
<br /> �NC�.N Loan Number__36272 — T199 — B 1�h � { ; �k
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<br /> 78-0 0 3 1 2 7 M O R T G A G E t,
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<br /> THIS MORTGAGE,made and executed this ........................�9 day of ...._./.!/�._�._ A.D., � :N "
<br /> g Jose h J, Thoendel and Judith K Thoendei husba, nd � �>.
<br /> 19 7� between the Mortga or,. P.------'.................•---....----...._.........-----••'---�---•--..._..._..�.._..---..._nd--a----.... €!" F
<br /> wi£e; jointly and each in their own right,,__,...___.,._ r `
<br /> ; •-•--•� g .....--•-- ----••. .....--•---.._......-•-------.._...--•..........:..............•-----•--•• � : {�.
<br /> •-•----•• •..._......
<br /> , of Grand Island ___.., County of _Hall State of Nebraska heremafter referred +
<br /> � to,as the Borrower, and the Mo a ee, 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. ''�
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<br /> Wrtz�tEssETx: That the said Borrower for and in consideratioa of the sum of..FORTY__THOUSAND._..__ ' ��, �,,4 V
<br /> „ 40 000 00 :,,,.., ___
<br /> AND NO/200----------------.-----------------------._Dol:ars (US$.....�--•-•--'------• ..) �"v
<br /> ..._ .........................•---...---•-••••••---•-• • ` :
<br /> paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the 1} A5=
<br /> following described pmperty located in the County of ..__H�.�.7................... �
<br /> State of Nebraska: � '; ; � +`
<br /> , _.....----�--• �, ..
<br /> . . .. . � � .� ; ,�,�`r.�`�r f.��^�,
<br /> � Lot 0ne (1), in Capital Heights Fifth Subdivision, being a part of the � �''� .�
<br /> M za,
<br /> Southwest Quarter (SWy) of Sectton 2, Township 11 North, Range 10 West of the � ;.xr�
<br /> 6th P.M., Hall County, Nebraslca. °` �a'��
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<br /> .� TOCETHER WICIl all.the improvements now or hereafter erected on the property> and all easements, . . ,�C�� ����
<br /> rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and ; r ,� .�,�;
<br /> watea atock,and all fixtures now or hereafter attached to the property, aIl of which, including replace- � ,�f��
<br /> ments and additions thereto,shall be deemed to be and remain a part of the property covered by this 'k �.�n¢��
<br /> Mortgage; and'all of tlie foregoing, together with said pmperty (or the leasehold estate in the event this , . ,
<br /> Mortgage is on a lessehold) are herein referred to as the "Property". } � ' �y�`��
<br /> Borrower covenants that Borrower is lawfully aeised of the estate hereby conveyed and has the rig ht � '
<br /> to mortgage,grant and convey the Property, that the Property is unencumbered, and that Bozrower 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- a
<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 /> . � PHOVIDED ALWAYS�and these presents are executed and delivered upon the following conditions,agree-. � � ':� '�'.
<br /> ments and obligations of the Borrower, to-wit:
<br /> � The Borrower agrees to pay to the Lender,or order, the principal sum of:F04TY.,o OUSAND:AND .` ;
<br /> ----------------------------- 0 0 0 00 ''
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<br /> 1 , NO/100 ....•-•----....-•-•--••----••---•-•------Dollars (US$.. _s__...--- ••-----•---..__...) , '� r
<br /> -••---•-- ......-• -•-•...-•-------------..--------......
<br /> payable as provided in a note executed and delivered,concurrently here�vith, the final payment of principal, �
<br /> ��' � � � �if not sooner paid,�on�the---------1st...---...... day of----._...Iune---------------•---------..._, bB.2D07 � � � `�' ;� "
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<br /> UxiFoxat<Covsxnx2s_Borrower and Lender covenant and agree as follows: , +
<br /> .� 1. Payment of Priacipal�d Interest. Borrower shall promptly pay when due the principal of az►d 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. Funds for Taxes�d Insur�ee. Subject to Lender's option under paragraphs 4 and 5 hereof,Bor-
<br /> �' rower shall pay to Lender on the day monthly installments of principal and interest are payable under the
<br /> yi Note;until t&e Note is paid in full,a sum (herein "Funds") equal to one-twelfth of the yearly ta�ces and
<br /> aeseesments which may attain priority�over this Mortgage, and ground rents on the Property, if any plus
<br /> one-twelfth of yearly premium instalimentg for hazard ansurance, plus one-twelfth of yearty premium in-
<br /> ` sfallments for,mortgage,insurance, if any, all as reasonably estimated initially and from tune to time by ;
<br /> � Lender,on the basis of asseasments and bills and reasonable estimates thereof,Lender shall apply the Funds `. �^„
<br /> ' to pay ssid taxes,assesameats,insurance premiums and ground rents. Lender shall make no charge for so ,;
<br /> �; hoidingFand,applying'the Funds or verifying and compiling said assessments and bills. The Lender shall ,,
<br /> � g�cv e�,to;the Borrower,without charge,an annual acrnunting of the Funds ahowing credits and debits to the
<br /> �a �,.� . Funds and the',purpose for which each 8ebit to the Funds was made. The Funds are pledged as additional
<br /> secunty-;for.the-sums,secured by,this 1Vlortgage. The Borrower agrees that the Funda may be held by the � A "
<br /> �` ''� Lende,r'and commingled:vvith other,funds and the Lender's own funds and the Lender may pay such items
<br /> ` `'�,;;�, from its;owts funtls and'the 7Jender.shall not';be liable for interest or dividends on such Funds.
<br /> Ifethe.amonat'ot�the Funds;held•-by;f:erider,together with.ttie future monthly,installments ot Funda � �
<br /> �:,� ���`� . . 'i
<br /> � � pe�'able;�pnor,bo�the�due,dates,6.$ta�as,'assesemeirte, u►surance'premiums azid g;ound rents, shall exceed }
<br /> - t2�'amoan�required'topa y'said taaes�assesements,insuiance premiums anH gtound rents as'they fall due, r,
<br /> siiic"h eacRaet shsll be,at Borrower s'optioh,'either promptly repaid to BorYower or credited to Borrower on ,t
<br /> inon?hlq.mstaltments of;l�`unda,,;If.the azriount of the`Fnx�ds held by Lender shall not be sufi'icient to pay �,:„,�
<br /> � tazea, a�saznen'tA, manranCe preminms siid giound Yents as`they fall'due;Borrower shall PaY to Lender '�""' •
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<br /> �` , an�y,amounE'necessary.to.make up'the de8cienoy.within Zhirty days after notice from Lender to Borrower
<br /> �� s requestuig payment thereof,._or Barrower ghall, by.an increase in monthly installments of Funds required,
<br /> '°�Gl� reP$Y tlie deficiency witlim the F und'-�ccounting::period:
<br /> „y ' Upon payment�m'ful2 0£all sum`s aecured by'this Mortgage,Lender shall apply Funds held as a credit �
<br /> r� ;.� againstall auma:due- •
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