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INDlVlDUAL.
<br />DUE ON SALE
<br />OPTIONAL ~'UTUF2E ADYANCE^a
<br />/ SAVINGS F[YND
<br />_ ~ - - ~~ FORM ?`10. T28
<br />loan Number_i-b3___`-_-1138-_----L--
<br />- Tyye BranM
<br />i /
<br />'PHIS Mt7RTGAGE, made-and executed-five ....-...~i.'1.._...._..... day of ....r.'~o:;c.~r bar.......... A.D.,
<br />lp_-n~..., :,e~.:.een'Lhe Mortgagor, ---.-.~~.tpvep-_J._;Bishog--and- Cynthia- S._.&ishop,-- husband,.and__.-.:.
<br />......w3fe~.. ~©inC1y-°aa.d-each--in rtieir- owu_ right.:.._ ..
<br />of -_~ragd_-Island .._--...., County of .-.---------Hall .................. State of .ltehrasica--..--_.-> hereinafter re°erred
<br />to as the Borrower,- and tfie Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br />LINCf)L.N, 1235 "N" Street, iartcolr+, Nebraska 6$5C1, its successors and assigns, hereinafter referred to
<br />as Lender.-
<br />. yVrt`~zsss~Tx:- That the said Borrower for and in consideration of the sum of _.P~.ItTX-.Tt-IBEE .............
<br />-....THt~USANII_~I;~'TY_AI3D--N4/104-----------°---------°---Dollars (USA-43-,050.00..._.._.._...._..)
<br />paid-.ray said,Lender, does hereby mortgage, grant and convey to Under, its successors "and assigns; the
<br />following described property located in the County of _---------------Halt---_--.---.-._---> State of Nebraska:
<br />Lot Eight ($) fleck ?`verity (ZO} In Charles Wasmer°s Addition to the City of Grand
<br />island, Bali County, Nebraska
<br />TtaGETHt:R with all the improvements now or hereafter erected cn the property, and aiI easements,
<br />rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and
<br />ureter stock, and aIl fixtures sow or hereafter attached to the pnvperty, aIl of which, including rep~ace-
<br />ments and additions thereto, shelf 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 flue
<br />Mortgage is an a leasehold) are herein referred to as the "Property".
<br />Borrower covenan`_~ `hat 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 wi31
<br />war-ant and defend generally the title to the Property against aIl claims and demands; subject to any
<br />easamen*..s and restrictions listed in a schedule of exceptions to coverage- in any title insurance policy in-
<br />suring bender's interest in the Property; or (2} attorney's opinion of title from abstract of tftie'certified
<br />by banded abstracter.
<br />Pavv€acn Atw~vs, and these pr~znis era executed and delivered upon the €ollowirtg conditions, agt~-
<br />ments and obligations of the Borrower, to-wit:
<br />The Borrower agrees io pay to ifie Fender, ar order, the principal sum of -.. ~~~-i'HRL.~E..T$tTU$gl!iD
<br />- -_.F.ZF7'Xi ..A~..Ii0;1.3~0----.~~__.._~..-----:-...----- -~~-~------~}ollars {US ~-.. 43~~50.04 .... .........._)
<br />payable as pmcddecl in a noie executed and delivered, concurrently herewith, the final payment of principal,
<br />if not sooner paid, on the .-.Eirst_......... -- day of -.-.----Ifaceath~r--------------------.Xf~K.-2Q128
<br />Uxtvtaast Covsxa~,rs. Borrower and Lender covenant and agree as follows:
<br />_. Payrce::t u# F.-i~:pal and lutarsat. Ba~~„wer shun promptly pay when due the principal af aad in-
<br />lerest ort the indelatedn~s evidenced by the Note, prepavment and late charges as provided in the Note,
<br />and t2ie principal of and interest on any Future Advances secured by this &lortgage.
<br />s",.Furtds-fir Taxes a~ fa~snsan,:a. Subject to Lender's option under paragraphs ~ and 5 hereof. Bor-
<br />row?r shall nay to Lerdar on the day monthly installments of principal and interest are Dyable under the
<br />I~iote, until use Nate is paid in full, a sum (herein "Funds"} equal to one-twelfth of the yearly taxes and
<br />assessments which may atfain priority aver this '~4artgage, and ground rents on the Property, if any plus
<br />one-twelfth of yearly premium installments far hazard insurance, plus one-twelfth of yearly premium in-
<br />atallrirents for inortgaga in~~*Rrrre, if any, all as reasonably estimated initially and- finiti time tb time- by
<br />Lender an the basis of assessments and bills and reasonable estimates thereof, Lender shall apply the Funds
<br />ttt-pa?' oiRiic ~,"xaei,. as.`.e`ca'°Sr~Sn`w4', 3nnlir8flfcry ~FQlniramg and +~Tr4in?d r@At3. iRnd82' Snail-IZ2ake-na CnBrrggee.ttiT 56
<br />heltlma and applying the Funds or verifying and compiling said assessments and hills. The Lender shall
<br />Rive to t?ae i~orrowar, wiilmut charge, an annua3 accounting of the Funds shaving credits and debits to the
<br />Funds and tl!e pure se for which each debit to the Funds was made. The Funds ure pledged- as additional
<br />secu tty for thz sutra secured by thas Mortgage. The Borrower agrees that the-Fun t~.$ r3ay be held by fire
<br />i,Fno~ r a ,d c:nmri,ingled with other #unda-and .the Lender'B awe funds and the Lender may pay such items-
<br />~-,,,« ,,. uwn iu,iuw rind t'ne LerldeZ shalt atsi be cable for iutereat or dividends on such. Funds.
<br />=f the azno„nt of the I~,mds;lzeId is1+.I.gnder, togethex vitlt the futttsre monthly iristrzllrnents'of Fends
<br />payable. prior *..c the due crates: of . insarance prenvuins aril gmnnd _ranta,'shdll oxceed
<br />the amount required to ;pay saki t4sms, fs; insursrtee l~s and-ground rents as they fall due,
<br />s,.c ti eaces~ ,halt lax, at E~orro:ver=s"-teptioltt ~Itf f+~inptly ~d to Barrt»r 4r ~eiTited t¢s 13arraiver on
<br />rz~ :! 1zIy .roiallmcats of Fiend,: If the aretount_o# .fife Fads-held py render-shall not he suffccient to pay
<br />t xes, essee~ Fz„i,, inauYaxice premiums aricl ground rents as they fall due, Borrower shall pay to Lender
<br />an attsouat necessary tit make up the deficiency witYtin tlzrtg days-after notice #mm Lendex txr Borrower
<br />requeatit,~ pay:neiit thereof, ar Borrower shall, ley aia increase in monthly installments of Funds required,
<br />repay tl:a deficiency` witliiti fire Fund accounting 1>~:
<br />I1pon payment in full of-alt sums sei~.ired fiy this Mortgage, Lender shall apply funds held as a credit
<br />against all sums due:
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