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~..`"" 1 arvrs~vaQUa~ i,u~ opt sst_~ or~rtalvatn Furutz~ At3v,arvices s~a:c~t;~ 1=ts~lo FARM tdu. 726 ~.~ ~vv ___ -.~..__ - ~acsr~ ivLn~uer__~G~~i___----s.~~c- --I.-- - - - - rr~ - - - era sn TI~fI3 MORTGAGE, made and executed this ......._j:s..__..-.--•--... day. of .....~~~'t•s.._-------------- A.I)., "? i3:.~d.--...., between the Nlartgagar, ...`f'~r?'X.-L>.-.Ilr4saa_.and..-Ch~xi.N....Braga,husbaaad._and...wi£e,..---.----- jointly and- each-.in..tt~~ir.-overt.-r.i$ht,,...-......._ _. of .Grand . island _-_------> County of -----.-.__~il .................. State of ...Nab*-zska....., hereinafter referred to as the Balrower, and the 1blortgagee, FIRST FEDERAL SAVINGS ANTS LOAN ASSOCIA'I`IOItir OF I.tN('€}i.N, t235 "N" Stmt Lincoln; Plebraska 68501, its successors and assigns, hereinafter referred to as Lender, Wr~rrrFSSETx: That the said Borrower for and in consideration of the sum of ..THIRTY-SE?ZEN------..... _THQI?SANB .SIX. HUNDe2-EB-TWE,ITY-I'.ZVE--AIdNt7..1~39~.i.40------.---Dollars (US 3-..37.,.625...Qfl ..................) paid by said Lender, dots hereby mortgage, grant and convey to Lender, its successors and assigns; the following described property located in the County of .-._..-....Hail... ....................., State of Nebraska: i.ot T*.ao {2) Block TWO (2) in West Bel Air Fourth Addition to the City of Grand Island Hall County, Nebraska Tocerxea azth all the irprovements now or hereafter errct€yd on the property, and atl easements, rights, appurtznanees, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and water stock, and all f,~tures nave or_hereaftzr attached trs the property, ~3i of which, including repaa..e- ments and additions tfreretA, shall be deemed to lte and remain a part of the property covered by this l~Ia**gzga~ and att of the forego;ng, together udtlz said propert,. (or the leasehold estate in the event this Mortgage is on a leasehold) are herein referred to as the "Property". Borrnwer covenants that $ormwer is lawfully seised of the estate hereby conveyed and has the right is mortgage, grant and convey the Property; brat the Property is unencumbered, and that Borrower will warrant and defend generally the title to the Property against all claims and demands, subject- to any easements and restrictions listed in a schedule of exceptions to coverage in any title insurance policy in- suring Lender's interest in the Property, ar (2) attorney's opinion of title from abstxact of -title certi&ed by bondQd abstracter. PBflVZ4ED ALWAYS, and these presents are executed and delivered uaon the following conditions, agree- tnents and obligations of t:ne ,narrower, to-wdt: The Borrower agrees to pay to the Lender, or order, thz principal sum of .. THIRTY-~.~?.~--'-- ~QUS?4 - SIK.,Ht7NDREA:TWENTY-FIVE..ANB..A101104----.-'---.----.---°.Dollars (LS ir...~l.:.$25-.130 ...............•---) payable as provided in a Hate executed and delivered, concurrently herewith, the fu:ai payment of principal, if not soonzr paid, on the .-..--..1?x_st......--- day of ....T~nuY-tX ............................ ~-~4~8 1.Txasoatxr CovsxahTMrs. Borrower and Lender covenant and agree as follows: 3. Payment of Principal and iatQrest, Borrower shaA promptly pay when due the principal of and in- terest on the indebtedness evidenced by thz Nate, przpa}~rnent and late charges as provided in the Note, and the principal of and interest on any Future Advances secured by this itiortgage. 2, l'urcds far Taxes east insurensca. Subject to Lender's option under paragraphs 4 and a' hezeof, Bor- r~wer shall pay to Lender on the day monthly installments of principal and interest are payable under-the Note, until the Note is paid is fuA, a sum (herein "Funds") equal to one-twelfth of the yearly tales-and assessments which may attain priority over this- lVfoatigage, -and -ground rents an the Property; if any plus one-twe?ft_h of ;early premium installments for hzzard insurance, plus one-twelfth of yearly prenuum ~n- stailments for rnartgage insurance, if any, all. as reasonably estimated initiall~yy and #ram time ha time: by Lender on-the basis of ssswasments and bills and reasonable estimates thereof, Lender shall apply the Fuzsils ~+ pay said taxes, assessments, insurance premiums and ground rents. bender shall make na charge. #or so holding and applying the Funds or verifying and. compiling said assessments and bills, The Lender shall tie trr the Bbrrawrr, scithout charge, as arenrtat accounting of the Furnis alirwing credits a_=id iebits t€i-the 1{uttds and t3io puxgase for which ~,ach ilebit t+o the Funds was made: The Funds are pledged as additional security -far the saws secured -by this Mortgage. The Borrower agrees that the Funds--may be-held by :tla 'Edor and ^w rmn:glad with ntle:• f~nd~-and the: ?~ndor's-awn fascia and a T~nrler inay Icy snch itts from-its optn #unds and tike Lender shall trot be Liable for irrter2st or dividends on-such Funds: ° If the amount of the Funds held by Lender, together kith the fLture monthly installments of Funds payaiile ~rinr to the due date-e of toyer, asgessnzeni~, insiiranen prem~sms and ground rents, sIitill exceed -the apmunt renuxxr-il Lu, t=A~ void taxes, &a+aF ssmzn*F arr::xrance Uremiomv arttl"ground rents as they falt,due, such extxss shall lie, ef;-Barro~i•er~'s aiita~, either nretnpily re,sid to Borrower or e;edited to $armwer on monthly installments', of Funds- if the amoant of the Funds Meld by Lender shall--not be sufficient to pay tales; asses€;rrients, insurances t~i*eaniums -and ground rents as they fail due, $carrower -shall pay to Lender any amount nec~,9arq _ta make up the d~icay.s~thin-thirty days after notice from Lender to Borrower requastiuxg payment thereof, or 33orravrer--shall, bjr an increase in monthly installments of Funds required, repay: the deficiency within the Fund accounting: ~;riod. L~pan payment in-full of alI s<,ints sec4ire~i by this 1)'Iortgage, Lender shall apply Funds held as a credit against ah s-axtss due.