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<br />Di3E CYtN ~.raL
<br />~'+~+~'~° ~ C1F~FIONAL F'dJ'7'UFt~ AC?!/APdC£S
<br />3s' ~v .~ t6
<br />~`~ , rcaz~ Nor. 720
<br />~~~~ Loan Num~er_.._39-723-- -188-----©,a ~h
<br />.a ~a ~.> t r rtg e`y. za fwd LJ ice. ~ ~ ra as ~
<br />THIS 1ViGFiTGAGE, made and executed t.his ............................L~day of ~fY.~c~~~x~!L..-.-...... A.D.,
<br />19_-,r-.; between the lvfortgagar, . ~.3~haA1--Earl.3ensen.and:-f~nna.-t4arie..~~oedszin,..husband..arid.xsife
<br />' '- - '°"y ~ their vwaa r'g}i t,
<br />}C13.Y2~1 CF3~„CG(..{I 3n ••"•,
<br />of ......_........_.----...._._....., founty of ...... HaI?_-_- .................. State of Nebraska. _ -----> hereinafter referred
<br />Lc as the Barra+~er, and the ~,~iortgagee, FIRST FEDEIsAL SAVINGS AhTII LaAN ASSt'1CIATIE}N OF
<br />LINCC7L?vT, 1238 "N" Str~L#, Lineotn, Neebraska 6801, its successors and assigns, hereinafter referred to
<br />as r~ nder.
<br />~i7a~•:~ESSSa•x: That the said Borrower for and in consideration of the sum of .-......EI.evPn-ThAUSand
<br />~~d :inl? fJD---~--___---..----___m-r. r..-c-c-----r----r.-r--cc--- Dollars {LTS 5-1.1, Qf70...Ct4 ..............---.. J
<br />paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br />following descri}ced property lacatEd in the County of ..._-........--Hal3 ..............._-.., State of Nebraska.
<br />Lot Fourteen (14), t3lock Chze (1), in Di11 and Auston`s Addition to the City of
<br />6z<an;s i5isnd, 11x21 County, }Iebraska
<br />Tcc;E•rxsx v,-ith all the i uprovements 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 at`~ched to the property, all of which, including rep~ace-
<br />ments and additions thereto, s},all be deemed to ~^ and remair> a part of the property covered by this
<br />I~lortgage; aad atI of the foregoing, together n?th said properly {or the Ieaseho}d estate in the event this
<br />.farrgage is an a leasehold) are herein referred to as the "Property".
<br />Borrower covenants That Borrower is lawfully seised of the estate hereby conveyed and leas the right
<br />to mortgage, grant. and convey the Property, that tine t`~roperty is unencumbered, and that Borrower viii
<br />warrant and defend generally the title to the Property against all claims and demands, subject to any
<br />easements and restrictions l==,ated in a schedule of exceptions to coverage in any title insurance policy in-
<br />suring Lender's interest iza the Property, or {2) attorney's opiniar_ of title from abstract of title certified
<br />by bonded abstracter.
<br />PRaeia~n ALwnvs, and these presents are executed and delivered upon the fotto~ing conditions, agrea-
<br />rgE? is and obliga~ans of the 13arrozver, to-wit:
<br />The Borrower agrees to pay to the Lender, ar order, the pnstcipal sz:m of ..._Eleven_Thousand - -- --_
<br />and ?ioi.1DU°W°--c---.-------------------°--~-------------.`~.1-}allars (TTSa' iirGv~J,vv-- - '- )
<br />payable as provided in a note executed and delivered, concurrertly herewsth, the final paym~uf principal,
<br />if not sooner paid, an the ....._E$r•~;t: ---.....day af -....Desambas. ......................... 1p.J~.-. ~~ -
<br />~iT37FORivi Covati a*rrs. Borrower end Lender covenant. and agree as follows:
<br />1. Payment of Principal and Interest, Bornraer shalt promptly pay when due the principal of and in-
<br />terest on the indebtedness evidenced by the Noie, prepayment and Sate charges as preceded in the Note,
<br />and the pr-incipal of and interest, an any Future Advances secured by this Mortgage.
<br />2. Funds for Taxes and Insurarice< Subject to Lender's option under paragraphs 4 and 5 herea#, Bor-
<br />rower mall pay to Lender on the day monthly instalhnents of principal and interest are payable under the
<br />Note, until tine mote is paid in fu:, a sum (herein "Funds") equal to one-twelfth of the yearly tales and
<br />assessments which may attain priority over this l~Iertgage, and ground rents on the Property, if any plus
<br />one-twelfth of yearly premium instaf?nrents for Izurard insurance, plus one-tsrelf#h of yearly premium in-
<br />stalTments far mortgage insurance, if any, all as rv<<sr~nal:Iy estimated initially and fmm time to #ime by
<br />Lender a~^ t hA basis of a,--~5:9 ::ants and bills ar_d reasa :male estimat<~s thereof, I:ender shalt apply the T~ands
<br />to pay said taxes, assessments, insurance premiums and ground rents. Lender shall make no charge for sa
<br />holding and applying the F}~nds or verifying and^ampiiing said assessments and bills. The Lender shaII
<br />give to the Harrower, without charge, an annual accauntzng of the Fnnds showing credits and debits to the
<br />Funds and the z.zxpase for-which each debit to the Funds was made. The- Funds are pledged as additional
<br />s~urit;, for the stuns se.:ared by This hortgage, The Borrower agrees that the Funds may be held by the
<br />I~endeg and cdi~tffled ;with other foods and the I_~nder's awn funds and the Lendex may pay suckZ items
<br />franz its own lands and the Lender shall nut be liable far interest or dividends on tiuciz Funds.
<br />If the acztaunt cif the-Funds hard by L2ndar, together with the futupe monthly instaTiments of Funds
<br />w~ya;~tp ~ - .c ;he ~°u~ d;~t~, cf ta.. a~snsnts> ,-rnre$ premiu~ts and g='ound rents; sh~Tt exceed
<br />the amount -equi'red to pay said taxes, assessments„ insurance premiums and ground-rents as they fact due,
<br />.sueh.e3 e,s shall be, at Borrower's og~ion; efi.}tex prmmptty repaid to Borzoweror credited to Borrower on
<br />rncrr~thly u-,sti;lTments of Funds. 1f-the amount of the Funds held by Lender-shall not be sufficient to pay
<br />;.axon,. <.~-~•sshzenis„ irisuran:<e prf~niums ar-r1 ground z~nts as they felt due; ~Iarrawar shall pay to Lender
<br />any'am~+unt necgs4~zxy to make up the deficiency evithiri thirty days a*""tax-notice from Lender to Borrower
<br />requesting payment thereof, or tsoxrawer shall, by as increase lit n3onthly installments of Funds required,
<br />repay the-deficiency v€ithin the Fund accaianting period.
<br />L7pon payment in -full of all sums secured by thi.4 1Vfartgage, Lender shall apply Funds held as a credit.
<br />against ail sums doe:
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