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I �
<br /> INDIVIDUAL
<br /> DUE ON 3ALE
<br /> �' OPTIONAL FUTURE ADVANCES
<br />'. �� SAVINGS FIJND
<br /> FORM N0.720 �
<br />� u� Loan Number--35.934-- -_].gg- ---L-
<br /> . Typa BrencM1 �
<br /> 78_ U��280 M O R T G A G E
<br />:' THIS MORTGAGE, made and executed this .........._�Y--•-•------•--- day of....--.----.�-- - ••------- A.D.,
<br /> . ���---
<br /> 19.��...,between the Mortgagor,.----.�zx.�AZ.l_..P._.B�oy?n,--a..sa,ng7,e..8.e.rsota..aasl...i.auz,a..Lyna..Smi.th,
<br />' ..___._,a,_single_.person,___jointly_and__seyerally,and_.each__in_.their,.ow�,.;ig{�_�______________________________
<br />. of ....5'r;and„Island_,_,,..___ County of ...�iall _ ________ _________State of.._..N�b.r.a�ka..._..,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 refened to
<br /> as Lenden
<br /> WiTNES.RETH: T}18t tI1C said Borrower for and in consideration of the sum of ....$OK�3i...Tlif�JJIS.ANA....._ '��� " �
<br /> .---•-FIVE--FIUNDRED_AND__NO/100-.----.------.-----.-.----.----_-.�oL'ars (US$...40,500,00...................)
<br /> paid by said Lender, does hereby mortgage, grant and convey to Lender, its succeasors and assigns; the
<br /> following described pmperty located in the County of........_.Aa,ll_.._,..._.__ , State of Nebraska:
<br /> Lot Eighteen (18), Meadow Lane Fourt2z Subdivision, Ha11 County, Nebraska.
<br /> Tocexxex cvith 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 /> menta 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, to�gether with said property (or the leasehold estate in the event this
<br /> Mortgage is on a leasehold) are hereiTi 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 zestrictions listed in a schedule of exceptions to coverage in any title insurance policy in-
<br /> suring Lender's interest in the Property,or (2) attorney's opinion of title from abstract of title certified
<br /> by bonded abstracten
<br /> PROVIDED ALWAY5� 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..._FO$TSC_.TIi�USANII__EIVE.
<br /> •------HUSTAR�,D..AkLD_NQJ100--_----.-_----_-----_-----.----.-----_-"�ollars (US$_.40_,500,00.,..
<br /> .. ._ ..)
<br /> payable as provided in a note executed and delivered,concurrentiy herewith, the final payment of principal,
<br /> if not sooner paid,on the..------..-•1st--------- day of------....June............................ad�.--20D7
<br /> UxiFosM CovsxwxTs. Borrower and Lender covenant and agree as follows:
<br /> 1. Payment of Principcxl�d Iaterest. Borrower shall promptly pay when due the principal of nnd 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 Tmces�d 7nsur�ce. Subject to Lender's option under paragraphc 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 /> 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 plus
<br /> one-twelfth of yearly premium installments for hazard insurance, plus one-twelfth of yearly premium in-
<br /> stallments for mortgage insurance, if any,all as reasonably estimated initially and from tune to time by
<br /> Lender on the basis of assessments and billa and reasonable estimates thereof, I.ender shall apply the Funds
<br /> �PaY��d tases assessments,insurance premiums and ground rents. Lender shall make no churge for so
<br /> holdiag and appl'ying the Funds or verifying and compiling said asaessments 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 /> r Funds and the purpose for which each debit to the Funds was made. The Funds are pledged as additional
<br /> aecurity for the aums aecuzed by this Mortgage. The Borrower agrees that the Funds may be held by the
<br /> Lender and commingled with other funds and the Lender's own funds and the Lender may pay such items
<br /> from its own funds snd the Lender shall not be liable for interest or dividends on such Funds. f
<br /> If the amount of the Funda heid by Lender,together with the future monthly installments of Funds J �
<br /> payable prior to the due dates of tazes;assessmenta: msurance premiums and ground rents, shall exceed
<br /> the amount required to �3
<br /> PaY�d teaes,aeseesments,insurance premiums and ground rents as they fall due, s,a?
<br /> such:excess sl�all.be,at Borrower's option,either promptly repaid to Borrower or credited to Borrower on '
<br /> moathly instalimenta`of Funds. If the amount of the Funds held by Lender shall not be sufficient to pay �- � ,,� �"�
<br /> taaee. asseesmente, 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 Borrowet
<br /> requesting payment:thereof, or Borrower ahall, by an inctease in monthly installments of Funds required,
<br /> repay the deficiency'within the Fund accounting period.
<br /> Upon payment in full of all auma aecured by this Mortga�e,Lender shall Aprlv Ftm�ic hPlcl nK a credit �
<br /> ugainst al1�uma due.
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