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iNDIViDUAL DUE t?N SALC t7i~TfONAL FUTURE ADVANCES SAViNr.+S FUND Fore n, No. 72o Loan Number_ 39'74____-_ 188_-_ 1 - Tyue Brand r-~ TI~iS A?OItTGAGE, -made and executed this ........................~~ da of .~Y ~~ff' y ..~,Fs~-g.2......--- - A.D., 19-~-.-, between the Mortgagor, ..-Rogex..A..-C.1.irae--and_Eli.zahath..E.....Cline,..husband-and..ra~f'e., - -:.-~ointi.y.and-.each .ia..their...owa.-rat+- -- -._....._........_....- --° --- ..-...-.._.-- -- --....- •--- - --- ----- ---------- of ----Qrand..Is2~1ad-----....., County af ....._.Iiall--------------------, State of ..Nebraskai........, hereinafter referred to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to as Lender. viraxxesssTx: 'T'hat the said Borrower for and in consideration of the sum of ..-THIRTY-ONE......__.---- _.-2'110IlSA.ND.~QUR..HUN:OREA..~IXTX--EIYE-AiYD..NQ/.IDD.----.----i3oflars (USi}3.1,465...04..........----.-.-.-) paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the following described property located in the County of ..._.....Hall ......................_., State of Nebraska: fihe North. ZO feet of Lot Ten (i0} and all of Lot Eleven (11) Reuting's Second Subdivision beiag a part of the Southwest Quarter fSwr~) of Section 24, Township 11 North, Raage 10 I~Test of the 5th P.M., Ha11 County, Nebraska TocsTxEa with all the improvements now or hereafter erected on the property, and all easements, rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and water stock, and all fixtures now or hereafter attached to the property, alI of which, including replace- ments and additions thereto, shall be deemed to be and remain a part of the property covered by this Mortgage; and all of the foregoing, together with said property far the l~sehold estate in the event t`'`' Mortgage is on a least .old} are herein referred to as the "Property". Borrower covenants that Harrower is IawfuIIy seised of the es~te hereby conveyed and has the right to mortgage, grant and convey the Property, that the Pro~rty is unencumbered, and that Harrower will warrant and defend generally the title to the Progeny against all claims and demands, subject to any easements and restrictions listed in a schedule of exceptions to coverage in any title insurance paficy in- suring Lender's interest in the Property, or {2) attorney's opinion of title from abstract of title certified by banded abstracter. Paovtasa ALWAY9, and these presents are caeca*.ed and delivered upon tine following conditions, agree- ments and ohligat=ans of the Borrower, te1-wit: The Borrower agrees to pay to the Lender, or order, the grincipat sum of _THI&TY-4BIE-THOI1SADiII---- _k'S.21.~..Ht;TI$1})-.~S~TX.-FIVF_A~svD_-1?0(_I6t)------------------.-Dolta~ {I?S 5--31_,46~..Q0--------------------) payable as proarided in a note executed and delivered, concurrently herewith, the final payment of principal, if not sooner paid, on the ..._F`=~r's t _ - day crJanaary ~ 2~? - - _ _ - lixtroxi+r CovExuvTS, Borrower and Lender covenant and agree as follows: i. Payment of Principal and Interest. Borrower shall promptly pay when due the principal of and in- terest on the indebtedness evidenced by the Note, prepayment and late charges as groc~ided m the Noie, and the principal of and interest on any Future Adtiances see~ured by this Mortgage. 2, Funds for Traces mad Insurmacs. Subject to Lender's option under paragraphs 4 and 5 hereof, Har- rower shall pay to Lender on the day monthly installments of principal and interest are payable under the Note, uniil the Note is paid Ira full, a sum {herein "Funds") equal to one-twelfth of the yearly taxes and assessments which may attain priority over this :~lartgage, and ground rents or. the Property, rf any plus one-twelfth of yearly premium instaIlrnents for hazard insurance, plus one-twelfth of yearly premium in- ,tsllments for mortgage insurance, if any, all as reasonably estimated initially and from time to time by Lender on the basis of assessments and bills and reasonable estimates thereof, Lender shall apply the Funds to pay said taxes, assessments, insurance premiums and ground rents. Lender shall make no charge for so holding and applying the Funds or verifying and compiling said assessments and bills. The lender shall give to the Borrower, without charge, an annual aecaunting a# the Funds showing credits and debits to the Funds .arid the purpose -far wh?rb each debit to the Fnnds was made. The Funds are pledged as additional secaar:ty for the sums secured .iy this D4artgage. The Borrower agrees that the F.utds may be held by the Lsnde* and caro;zaiagled-with oL4er f+±ndg and the I:ender's own funds-and the Lender may pay such items from its own fr+ was and Lhe Lender shall not be liable far interest or dividends on such Funds. If the amount of the Funds held by Lender, together with the future monthly iastaDraents of Funds dyable prior :to the duz data's of fuses, assxnents; insurance gxeagums and ground rents, shall exceed the amount required to pay said taxes, assessments, insurance premiums and ground rents as they fall due, atich excess shall tie, at Borrower's option;-either promptly repaid to Borrower or credited to Borrower on monthly; installments of Funds. if the amonnt of the Funds held by Lender shall nut be sufficient to pay taxes, assesiments, sn»nrance ~reniiums and ground'serits as tlieV fall dne, Borrower shall pay to Lender any amount aeceitsary to-make up the defi~iencywithra thirty days after aotfce from Lender to Borrower reques#3ng payment thereat, or Borrower shall, by an increase in monthly installments of Funds required, repay the defrciency within the Farad accounting-.period. Upon. payment in full of all saris secured by this h4ortgage, bender shall agpiy Funds held as a credit. against all sums due.