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ifyRPVIDUAL RUE ON SALE OFTTIONAls FUTURE ARVANCES 3AirliV~aS FUPVR Fowa+ Pte. 720 Loan Plumber_~99_42.___V_t.~.__°__L__ Fyp¢ 9/.,nCh ~Q ~ (1£ti~~~~D TL-LIS MOxTGAGE, made and executed this -.........__..._......~.~day of ..C-~°-M......-.... A.D., 19.~~._, between the Mortgagor, .....BZUee..L....Bri?lxesg.-az~d._Lsaxeita..BzQbazg,-.hushand..attd-.wife. ---~oi-ttl}...and...each...in..xh~ir-.ocm..z3.ght.~-------- ---------- --...................................._...... - - - - -...--.... of ._Aanighaxi.-....-....._.,..., County of -._.1Ia11 .................._._., State of _.Nebraska..._.., hereinafter referred to as the Borrower, and the Mortgagee, FIRST FEDERAL SA DINGS AIdD LOAN ASSOCIATION' OF LINCOLN, 1235 "N" Street, Lincoln, Nebraska 6RSOI, its successors and assigns, hereina#ter referred to as Tinder. Wi2HSSSS2x: That the said Borrower far and in consideration of the sum of .,FfJRTX-SI:LZElai.._.-_..... ..THOUSANIl..SEYF~iT..1tiINAl1~.-At~TD..Yf11-3.QQ.-.----------------Llallars (tJS ~....4.I.>.7.fISL,.Q4-..-.._.-........) paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the #oIlowing described property located in the County of ..............lIa7.I......_--.---..._, Statr. of Nebraska: Lot Twelve (1~), Bison Meadows, Hall County, Nebraska TosE2xsa with all the improvements now or hereafter erected on the property, arnl alt easements, rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water tights, and water stack, and aII fixtures now or hereafter attached ~ the property, all of which, including regtace- raents and additions thereto, shall be°deeraed to be and remain a part of the property covered by .._,: Mortgage; and all of t:~e foregoing, together with said property (or the leasehold estate in the event this t:'fartgage .s on a leaset;ald) are h2renn :~fered to as tt:e "Property". Borrower covenants that Borrower is Lawfully seised of the estate hereby conveyed and has the right to tnartgage, grant and convey the Property, that the Property is unenetL*nbered, and that Borrower will warrant and defend generatig° the titre to the Property against all claims and demands, subject to any easements and restrictions listed in a schedule of exceptions to coverage in any titre insurance policy in- s,+ring tender's interest in the Property>, or {2) attorney's opinion of title from abstract of titre certified by banded abstracter. Pxovtaso As.wsYS, and these presents are executed and delivered upon the foltawing eronditions, agree- ments and obligations of the Borrower, to-wit: The Borrower agrees to pay to the Lender, ar order, the principal sum of _FOItTX-SE~FI?PI.. TkiOLISA~_.- .SE'e'--I£u~+~l?F~..Iu~i1'?..~±t~/~i'+fl--------.------.--°---.--------Dollars {LDS 5--47,7.QtL,t1Lt--.... - ) payable as provided in a note executed and delivered, concurrently herewith, the final pa~mtent a# principal, i# not sooner paid, on the ---._ 2sg ............ .. day of ....-.-dan~tar 3r- __... -p~3 Utvtr?as~r GavExnh2s. Harrower and Lender cavenanL and agree as follows: 1. Pag~ent a# Pds^t;.;g•,.,I cz:d I;~t~r~at. Barro~•~r shad promptly pas• when dne the principal of and in- terest an the indebtedness evidenced by the Note, prapa5~rnent and late charges as provided in the Nate, and the principal of and interest on any Future Advances secured by this Mortgage. Z. Funds far Taxes mad Insurance, Subject to Lender's option under paragraphs 4 and 5 hereof, Har- rower shall pay tQ Under an the day monthly installments of principal and interest are payable under the Note, until the Note is paid in full, a sum (herein "Funds") equal to one-twelfth of the yearly taxes and assessments which may attain priority aver this ~lorrgage, and ground rents an the Property, if any plus one-twelfth of v°earlr greanium insttcthnents for Izazard insurance; plus one-twelfth a# yearly premium in- stallxnents far rortgage irsurance, if any, all as reasanabiy estimated initially and from time to time by - I.ender on the basis of assessments and bills and reasonable estimates thereof, Lender sl=.all apply the Funds to pay said taxes, assessments, inaasrunce premiums and ground rents. Lender shall make no charge for sa haldfng and applying the Funds or vexifving and compiling said assessments and hills. The Lender shall give tv the Harrower," without charge, an annual accounting of the Funds showing credits and debits to the Fund sad the purpose far wiaiel each de'aii to the ~ ands was made: 'The Funds are pledged as additional security #ar the su-m,=, secvted by this &tartgage, The $orrower agrees- that; the Funds may be held by -the Lerrdet and eammingled":with-ether funds and the Lender'v oam #unds and the Lender may gay such items frarss its own fiends and tlio Lender shall Hirt ba liable for i'~terest or dividends qn such Funds. If the amount of the Fuada Ind by Leader, together-with the future monthly installments of Funds payable gnat to tine :lue dates of tales, "asseessme€sts, insurance .-premiums and ground rents>- shall- exceed tle amount required toriay said Lases; aesesstneats; insutaiaee.premiums and-ground"rents as they fall due, such exce~ ~hatl lre, ai $crrzower's option, esthe* prozngtly- regaad to Bo,-rawsi or credited- to Harrower an monthly installments of Funds, If the amount of-the F~ipds held by Lender shall not he sufficient to pay taxes, assess~rientQ, insurance grenuums and ground rents as they fall due, Borraiver-shall pay to Lender any amount necessary to make ug the deficiency within thirty: days after notice from Lender fo Borrower requesting payment thereof, ar Borrowez shall; b_v an int:rease in manthty installments a# Funds required, repay-the deficiency within the F`uncl accounting period. Upon payment in full of all sums secured 6y this Mortgage. Lender shall apply Funds held as a crrdit against all yams dne.