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i~delJCf~~iP° IFIDIVIDllAL ~sUE ON SALE OPTIOtdAL FUTt}S~E ADVAIVCE5 SAVINGS FUtdD Fare~.r No. 72t# Loan Number_.~9,BQ42_--~..~_ =_.,I.._ TY7e Branch l~f C~ R f ~ !~ ~ 1`fiIS MORTfisAGE,-made and executed this .............~~.~..._....... day of ..-.G.~~~~-.---...::..:. A.D., 33..~t~.-_, between the Mortgagor, .:_Sosaph--S..-.MeAermatt..and.Bexerly...L....MnDezmatt,...husband..and ...w~.a....}ofnz~x..and._gg~h_n._che~r.. own__ right. - - -- - -._...... ---_.......---- ----- - - -- ...----- -.......... of ._G~and..?.~1and.........., County of __.----.Ha11._._ .............. State of _..~Eshraska----..., hereinafter referred to as the Borrower, and the D,fortgag~, FIRST FEDERAL SA'~INGS AND LOAN ASSOCIATION OF LINCOLN, 3235 `'N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to as Lender. Wfxx~gax: That the said Borrower for and in consideration of the sum of _._.TrIENTY-EIGEiT........_ ...TIIQIISIIII?..1~tI?..1'IOLLR{?.~--~----_--__------.---1------.~-110Iiar5 {LT.S ~W-.28_,.t100_.i10_._ ...............) paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the #allowir±g described property located in the County of .........._..Hali............_...._., State of Nebraska: Lot Two {2}, in Fractional Block Ten {10}, Rernohan and Decker's Addition to the City of Crand Island, Hall County, Nebraska TocsrasE with all the improvements now ar hereafter erected on the groperty, and aA easements, rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and water stock, and all futures now or hereafter attached to the property, alt of which, including repiace- atents and additions thereto, shall be` deemed tv be and remain a part of the property coyer u, this Mortgage; and all of the foregoing, together with said property {or the leasehold estate in the event this Mortgage is on a leasehold} are herein referred to as the "Property". Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right to mortgage, grant and convey-the Property, that the Property is unencumbered, and that Borrower ww,11 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- surng Lender's interest in the Property, or {2} attorney's opinion of title from abstract of title certifced by bonded abstracter. PROVF6F.ii AI.wAYS, and these gresents are executed and delivered upon the following conditions; agree- ments and obligations of the Borrower, to-wit: The Borrower agrees to pay to the Lender, or order, the principal sum of _._TG1~Nt1-FbCHT_._.-._._..___... ........TIiQA6t1tIA..A2~TD..NOjl00-_-----°----~-.--~-."------Dolla*s {Lzc c~ n_.. _f3y~Qw ~........._.._..._..} payable as provided in a note executed and delivered, concurrently herewith, the final payment of principal, if not snorer paid, on the .-Fi-r-st._...---_.... day of January---.__..._-._,..-...._..., ffi-.20Q4 I3HZt'oaat Covsxax~rs. torrower and Lender cavemm~t and agree as follows: 1. P~yr:eat of Prncipul mxa iateraat. Barraw-er shall promptly pas= when due the principal of and in- terest on the indebtedness evidenced by the Note, prepayment and late charges as provided in the Note, and the principal of and interest. on any Future Advances secured b}~ this R•iortgsge. 2. Funds for Takes and insurance. Subject to Lender's option under psragraphs ~ and 5 hereof, Bor- rower shalt pay to Lender on the day monthly installments of principal and interest are payable wader the Nate, untH the Note is paid in full, a sum {herein "Funds"} equal to one-twelfth of the yearly taxes acid assessments which fray attain priority over this Mortgage, and ground rents on the Property, if any plus one-twelfth of yearly premium installments far hazard insurance, plus one-twelfth of yearly premir:m in- stallments -for mortgage insurance, "if any, all as reasonably estimated initially and from lime to dine by Lenderon tae-basis of assessments Arid bills and reasonable estimates hereof, Lender shah apply-the Funds to pay said taxes, assessments, znsurance premiums and g :~und rents. Leader shall afake no charge for so ftoZdiitg and applying the -Funds or verifying and compiling said assessments and bills. The Lender shall give to the Borrower, without charge, an annual so;aaur:ting of the Funds show=ing credits and debits to the Winds-and-the puraose#or which each debit to the Funds w~ made. The ~.fnds are pledged as additional seattrity far the -sums secured by .this l~Iartgage. The Borrower agrees that the Funds may be held by the Lender and commingled with other funds and the Lender's own funds and the Lender may pay such items froae its osvn funds- and the Lender shall not be liable for interest or dividends on such Funds. If the amount of the Funds held by bender, tagetlter with the future monthly installments of Ftmds payable prigr to fhb flue dates of ta,aents, insurance premiums-and'.gro~nd teats, shall exceed the an~aunt required to psy said fazes; assessments, insurance premiums and ground rents as they fall due, such exr.:ess-ahaII ~, at Borrow$r's option, eitaFter promptly r rte, -~`d to $ur€vwer or eredtted to Harrower on monthly i-tstrsllments of Funds. If the amount of the Funds hold by Lendea shall not be sufficient to pay tales; s.ss-essmetits; insuraa~ premiums-and grmmd rents as they -fall due, Borrower shall -pay to Lender any amount necessary. ta:make up the deficiency within thirty days aff,er notice Pram Lender to Borrower requesting payment thereof, ar Borrower shall, by an increase in monthly installments of F+:nds required, repay the deficiency within the Fuad'accaunting f?eriod. 13pon payment in full of all sums secured by -this Mortgage, Lender shall apply Funds held as a credit against all sums due.