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<br />tNDavtDUAt_
<br />DUE ON SALE
<br />OATiONAL. FUTURE AD~/ANCES
<br />SAVINGS FUND
<br />FbRM No. 720
<br />Loan Numder_3';!E!ELQ____~__L$fL_i__l.__
<br />Tyne er+.ncn
<br />~i ~ Fi °1` i A ^~ E
<br />THIS MORTGAGE, made and executed this ..-..---------_..-....-~,,~.~3day of ...'~E-rrt<~~`u._..._.. A.D.,
<br />19...~~., between the Mortgagor, .....Dagid..A,__Wadsworth_ and.. Kathie S. Wadsworth, husband... __-_
<br />.and- w~ fe,., jointhy. and-, each--in -their-, own., right,.---------_.....---------------
<br />of ...Grand., Island....-.,..., County of ..-.- Hall_- -_..-_---_. ---.-, State of -.Nabzaska_-._.-., hereinafter referred
<br />to as the Borrower, and the ?~^fortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIA'T'ION OF
<br />LINCOLN, 1235 "N" Street, Lincoln, Nebraska 6$501, its successars and assigns, hereinafter referred to
<br />as Lender.
<br />WtrxESSerx: That the said Borrower for and in cansideration of the sum of _.TWEDLTX-F}7UR .............
<br />..'I*H~U.~.AIv#7..(s.H"D-.10(1J6-°---'°.~__________o_e_____~____-Dollars (LTS~_24_,000.00---........
<br />---~ }
<br />paid by said Lender, does hereby mortgage, grant and eorvey to Lender, its successors and assigns; the
<br />fo}lowing described property located in the County of ..-.__.-Elall__...-_.._._....--.., State of Nebraska:
<br />Lot Two (2} Virden Subdivision in the City of Grand SsSand,Hail County, Nebraska
<br />TocErxsa with all the improvements now or hereafter erected on the property, and all easements,
<br />rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, wa±er, water rights, and
<br />water stock, and all fixtures now or hereafter attached t-0 the property, all of which, including replace-
<br />ments and additions thereto, shall be`deemed to be and remain a part of the property covered by this
<br />Mortgage; and all of the foregoing, together with said property (or the leaseholzl estate in the event this
<br />1Vlortgaga , cn a leasehold} are hersFn referred tz: a~ the "Property'.
<br />B~?*rower covenants that Borrower is Iawfuly seised of the estate hereby conveyed and has the right
<br />to mortgage, grant and convey the Property, that the Property is unencumbered, and that Borrower w~11
<br />warrant and defend generally the title to the Property- against all claims and demands, subject to any
<br />easements and restrictions lfsted in a schedule of exceptions to coverage in any title insurance policy in-
<br />suring Lender's interest in the Property, or (2} attorney's opinion of title from abstract of title certified
<br />by bonded abstracter.
<br />PBOYIUED Acw~vs, and these presents are executed and delivered upon the following conditions, agree-
<br />ments and obligations of the Borrower, to-wit:
<br />The Borrower agrees to gay to the Lender, or order, the principal sum of -.TWF.IZTY-EQUIi.TIIOUSAIQD..
<br />` - - -- -~ - ................ ~- - - -.-.-..._.. -- -.-.~1 oilers {L?S rv..Z~i,tlf)fl_Cf0......-_ -- --}
<br />payable. as provided in a note executed and delivered, concurrently herewith, the final payment of principal,
<br />if not sooner paid, on the .-..first-.-.------- day of -..~.attu?xY-----..-.._ ............... I~---~JJ4
<br />Uxiroa~ Covsx~xrs. Borrower and Lender covenant and agree as follows:
<br />1. Pa3pnent of Principal and litteresf. Borrower shall promptly pay when due the principal of and in-
<br />terest on the indebtedness evidenced by the Note, prepayment and }ate charges as provided in the Note,
<br />and the principal of and interest on any Future Advances secured by this lUlortgage.
<br />2, Funds for Taxes trod Insurunae. Subject to Lender's option under paragraphs 4 and 5 hereof, $or-
<br />rower sha}1 pay to Lender on the day monthly installments of principal and interest are payable under the
<br />Note, until the Nate is paid in full, a sum (herein "Funds") equal to one-twelfth of the yearly taxes and
<br />assessments which may attain priozty over this Mortgage, and ground rents on the Property, if any plus
<br />one-6wel#th of yearly premium installments for hazard insurance, plus one-twelfth of yearly premium- iit-
<br />staliments for mortgage insurance, if any, all as reasonab}y estimated initia}ly and from time to time by
<br />Lender on the basis of assessments and bills and reasonable estima*.ss thereof, Lender shall apply the Funds
<br />tee pay said taxes, assessments, insuranco premiums and ground rents. Lender she}} make no charge far so
<br />holding and app}yang the Fund.• or veri€}-ing and compiling said assessments-and hills. The Lender shall
<br />give to the Borrower, without charge, an annual accounting of the Funds showing credits and debits to the
<br />Funds and the purpose for which each debit to the Funds was made. The Funds are. pledged as additional
<br />security for the sums secured by this Mortgage. The Borrower agrees that the Funds may be held by the
<br />Lender and commingled with other funds and the Leader's own-funds and the Lender may pay such items
<br />fmn~ its tiw*i f=inds and the: L:.nder shall -not- b$ liable for interest or dis:dends on such Funds.
<br />If the amount of-the Funds held by LerNler, together with the- future monthly installments of Funds
<br />payable prior: frtr the .due dates a€ taxes, assessments, insurance premiums. and ground rents; shall exceed
<br />the amount requt'zod to pa,Y said taxes; assessments, insurance prenvums and ground tents as they fail due,
<br />suer exce»s shall be; at Borrower's option; either promptly repaid to Barri+wer or credited t<, Borrower on
<br />monthly ins*tallmertts of Funds; If the amount of the Funds held by Lender shall not be sufficient to pay
<br />taxes, asscsanier~ts, insurance premiums and ground-rents as they fall due, Borrower shall pay to Lender
<br />any amount necessary to make up-the def"icfency within thirty-days after notice from Lender to Borrower
<br />requesting payment thereof,- or Botroe~e; sha31, by an increase in monthly installments of Funds required,
<br />:repay Cher-deficiency within the Fund aiYount'mg period,
<br />Lpon payment in full of all sums secured by this lbfortgage, Lender she}} apply Funds held as a credit
<br />against all sums due.
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