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unico~N tPiDIVtflUAL CfUE AtV SALE t3PT1fSh1AL Ft3't'URE AD?1APVCFS SAVttVGS FEJN® FORM Ntl. 7~uG loan Number- 39459 ___-__138 _~_ 1 __ - ?y~! 8rsncl, l~l~R'~'~AGE 3'~HiS Mt3I2TGAGE;-made and executed this .............._.._.....o?~`day of ,~~i.<~2°r~~~...._.:_ A.D., I9_~r~'.., between the Mortgagor, .._>!}_uane..R,.._Laatzer..aud..Mawrii)rm.S.....Lantzer.,.-hztahanxl..znd....-... ._~~£e,-. ~.o~rstly.:and:Bach..in...thezx...avrr~...ti~t:e -- ---- - ----------•--- -----------------------------•------ -------------.-._...-- of .Gxattd;,.Lal.and.._.._._:.., County of ---..-......Ball ............... State of ....N$bzaska_---., hereinafter referred to as the Barrawer, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION UF' LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to as Lender. WITNSS9ETH: That the said Borrower for and in consideration of. the sum of ..~I?'.'~-. THOUSAND--__-- _TEIItE}3-IiiINDREIl_-AN;)_-Nt?/300-_-..--- ----. - -.------------ -----1'1o}lars (US ~-.SD,3QE)...00..-.-------------) paid by said Lender,-does hereby mortgage, grant and convey to Lender, its successors aad assigns;: the following described property located in the County of ._......_._..ilall.__----------------- State of Nebraska: Lot Four t4) Block One f3) in Canitai Heights Fourth Subdivision Hail Gountv.'I3ebraska Ta:sxxsa with all the improvements now or hereafter erected on the property, and all easements, rights, appurtenances, rents, royalties, miners}, oil and gas rights and profits, water, water rights; and water stock, and aid factures now or hereafter attached m the property, all of which, including nzplace- rnents and additions thereto, shall be deemed m he and remain a part of the property- covered isy .`:is P~Iongage; and all of ,,:~ foregoing, together with said graperty (ur the leasehold estate is the event this Mongage is on a leasehold) are herein referred to as the "Property". Borrower covenants that Borrower is lawfully seised of the estate hereby wnveyed and has the right to mortgage, grant and convey the Property, that the Pragerty is unencumbered, and that Borrower-will warrant and defend geaeraIIy the title to thr Progeny against all claims and demands;- subject- to any easements and resvrictions listed in a schedule of e%ceptions to coverage in any title insurance po}iey in- suring Lender's interest in the Property, or (2) attorney's opinion of title from abstract of title certified by bonded abstracter. Isauvzaso Az.wavs, and these presents are executed and delivered upon the following conditions, agree- ments and obligations of the Borrower, to-wit: fihe-Borrower agrees to pay to the Lender, or order, the principa} sum of ..=FIFTY _THgUSA#iD-_-_----_-.- --aHFd'F._ILU.liD:~A.Af'Y.A.Ntt/100V...o.r_--~---~..-_----°~-Do}}azs tUS~----50>30Q,Q4---------......) payable as provided in a note executed and delivered, concurrently herewith, the fine} payment of grirtcFpa}, if not sooner paid, on the ...._ ~'j:-° t_._._.-... day of ---.._~ecemner...--- .............. i3..__9~ L'xtvoaM CovExaxrs. Borrower and Lender covenant aad agree as foIlows: 3. Payment of Priadpal mtd interest. Borrower shall promptly pay when due the principal of aad in- terest on the indebtedness evidenced by the ?~ ore, prepayment and late charges as provided in rite Note, and the principal of and interest an any Future Advances secured by this Mortgage. 2. Funds for Taxes aad Iasaxremse. Subject to Lender's ogtion under garagraghs ~ sad- 5 hereof, Bar- mwer shall pay to Lender on the day monthly installments of principal and interest are payable under the Nate, until rile Note is paid in-full, a sum (herein "Funds") equal to one-tweI#th of the yearly taxes and assessments cvhieh may attain orion~ty over this Mortgage, and ground rents an tfre Property; if any plus one-twelfth of yearly zrremium installments for hazard fnsurance, plus one-twelfth of yearly premium in- stallments for-mortgage insurance, if any, all as reasonably estimated initially and from time to time. by Lender on the basis of astcessmen#s and hills and zeasonable estimates thereof; Lender sfial'c apply. the Fiords to gay said texas, assessments; insurance premiums and groused rents. Letiiler shalt make no charge ~sr so haldiag and- applying: the Funds or veriiyimg aad compiling ssid aesessments and bills. The I:encler sliatt ta< fire i'sorrower, wituaut ciiarge> an aarcua} aecnuntxng of the Funds snov~riag credits aad deoits to tl¢e ~uixds and the purpose f®r ~hieh each- deficit to the Fantle was. made. ~'Ite Funds-are pledged as aitilitio~ial qty fair fire sums secnreesi lxy this Aioitgage. The Borrower agrees that the Funds: nsay be-:held by the Lender and cauimingled with tether Toads -aad the Lender's i~wr- funds and the Lender may prsy such -sterns faun its o.vR-lands arid- the I~ii'Iea^ shall mpt br liable for;iaterest or c3ivzzdenils on such Funds. lithe amount. of the Funds fteld by Under, Together with the fut~ire'mont`tly instalir+aents of Funds I~yts#sIe prior tx~ the Sae dates of taxes; assessments, insurance premiums and grot~ad,resits, rtmll exceed . thearaaunt required to pay acid. tales; asseeQmsnts, insurance premiums andgmusrtl rears as th~5° fall due, such ~ce_sa shall. be, at Bortt>wer'a option,. either proriptly repaid ±o Harrower or• credited t<a Porrower an cnonthiv installments of Funds. Lf rho amount. o! the t`unds held by l.Knder s~h~all_not be, sufficient to pay taxes, assessments, insurance premiums and ground rents as they fall due, Borrower shalt pay tts bender any amount necessary to mnke up the. deHcienev witlvn thirty days after notice -from Lender to }$ormwer rsggnesting ~y>itent thereof, cr Harrower Shall, by an increase iA atontitiy installments of Funds-required, repay- Ilse d eaeacy within th,: Fund accounting ;~er,od. -Upon payment in full of ali sums secured. by this Rortgage, Lander shall apply Funds held as a credit against alt soma due.