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ENE,EUEnuAL Dtif~ aN sAt_~ 4PTItJNAt. FUTURE Ai71lANGES 9AVENGS FUND Fong Nc. 720 Loan Number__~4~$~___ __3$8_-_1__- - Typp Branch f8°~°~It#(ll~r3£J lrl V~ •A R ~ T1 A/ 6w ~` $ M(9ftTuAGE, made and executed this ..__.-.....--------_.~~day of -ts<~.r.~.,~.°~?-...._.... A.D., 19..-.between-the Martgagor, ._.1,ed.-.E?,.-.fd€:n,_a._singl.e--gsr~an.,_.;zan~.32...~atzas,.-a-..single. Ptsx~o~,.:JQfitt~3'.. and...seeerai,~y...attd..eaGla..9.n._ail~~-it..-o7dSt..xa.glxt. ............. ......_... ------ -- -............... of :Grand.-ZsI and---------°-> County o# .._..-fial1._ ..................... State of ..hebraslca.-.-...., hereinafter referred to as the Borrower, and the Mortgagee, FIRST rEDEl•IAL SAVINGS AND LOAN ASSOCIATION OF LZNCt1LN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to as Lender. t7:'tru~ser*~: That the said Borrower for a_nd s! considerafion of the soon af -Th'.F,ZrITY-1zLGILT.-.......... kl#.9tIS.A~tA..f<~GT#~-.IIItNPI~P..-?'3f?._Ig9L~.4.0---.------.---------~eliars (TJ$ 5--2$-,s3.QO,f?.Q. --- --- °--) paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the #ollowing described property located in the County of _._._.-IIaZL-..--__-.-_._--..-....., State of Nebraska: Lot Nine (~), &lock Two (2), Axt and Hagge's Addition to the Gity o£ Grand Island, Hall County, Nebraska Tot;a;TxEa with all the improvements now or hereafter erected on the property, and all easements, rights, appurtenances, rents, royalties, mineral, oil and gas rights and profets, water, water rights, and water stack, and all fixtures now or hereafter attached to the property, all of which, including replaee- ments and additions thereto, shell be deemed to be and remain a part of the property crovered by this Mortgage; and all of the foregoing, together with said property (or the leasehold estate in the event this Mortgage is on a Ieasehald) are herein referred #o as the ' Yraperty" Harrower covenants that Harrower 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 Bcrizrwer will warrant and de#end 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, or (2) attorney's opinion of title from abstract of title certified by bonded abstracter. PaavtoEa ALWAYS, and these presents are executed and delivered upon the following condatians, agree- ments-and obligations of the $orrawer, tc-::~;t: The Borrower. agrees to pay to the Lender, or order, the principal sum of - ~~??T_~->I~1T-T~4U~$1'1T? IiI~H~..kItFbll3~D..l~ND. X41.1Q0----.----~_-----.-°-------------~3olIars (US ~--~$~8Q¢'-¢Q°----~----------) payable as provided in a note executed and delivered, coneurrentIy herewith, the final payment of principal, if not sooner paid, on the ----..--First.----._ day of ......-3anuary..-_.....------.._...; ]!t~..2II04 LT>JtFOart CavExnHrs. Harrower and Lender covenant and agree as follows: 1. Payment of Prinripad and Interest. Borrower shall promptly pay when due the principal of and in- terest an the indebtedness evidenced by the Note, prepayment and late charges as provided ix the Note, and the principal of and interest on any Future Advances secured by this Mortgage. 2. Funds for Tmces aid Insurance. Subject to Lender's option under paragraphs 4 and 5 hereof, Bor- rower shall pay to Lander on 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 ene-twelfth of the yearly taxes and assessments which may 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 a# yearly premium in- sialiments far mortgage insurance, if any, all as reasonably estimated initially and- from -time to time by Lender an the bans of avsessinant;=nua br11s 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 glue to the Borrower, without charge, an annual accounting of the Funds showing credits and debits to the. Furedsand the. pnr}~ose for which -each debit to the Funds was made: The Funds are pledged as additicznal security' far the sums seemed by this Isjlortgage. The Borrower agrees that-the Funds inay be -held by floe ?~^~?er ~:d ccrnxningled with other #urz~ and tlse Lender ~ a~~n fends an3 the I~nder znay-pay such items #rgra i#s ua~ -funds and-the Lender shall cot be liable #ot interest or dividends on such Fonds. If the amount of-the Funds held by Lender,;together vdth the future monthly installments of Funds #iayanie-prior io the duo dates'oR tsx~,'assesstnents, insurance peerniums and gmuncl ren#s~ shaII exceed • the- amount required tra . y said taxes, assessments, insuraxtee premiums. and ground-rents as they #all due, such e~c~; shall be, at grower's ciptfon; either promptly repaid to Borrower _or credited to Borrower on mc±ietltly inst.&32rnents of Funds. If the amount of the Funds held by I.~nder shall not be sufficient to pay ia~~es, assessments, itisuranc;e premiums and ground reat`~ as they fall due, Borrower -shall pay to Lender arig amount. necessary to make up the "deficiency within thirty days after native fiom Lender #o Borrower requesting payment thereo#, or Borroaiei shall, by an increase in monthly installments of Funds required, repay the deficiency within the- Fund accounting period: Upon- payment in full of all- sums secured by this Mortgage, Lender shall apply Funds held as a credit. against all sums due.