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<br />IfVDIVIpUAL
<br />GUE CSN SALE
<br />OATlOh1AL FUTURE ADVANCi=S
<br />F ~ SAVINGS €'UND
<br />µ FONM aV P. 72a
<br />Loan Number__4403fZ___.~~_._L4_.`~__1 _-
<br />TYGP O18~4M
<br />rs ra f x
<br />TI-iIS MORTGAGE, made and executed this --------------------...day of .~,~_B-~_x"~.n,-r/?~1......__. A.B.,
<br />19.7..., between the Mortgagor, .....1221e. W,- Laib__ and-.Newlene R. Laibt husband.. and_ wi€e,
<br />___--jointly-.and_.each in._their_own ,riEht3 _,. .....-
<br />af ......G1:aRd...Island-_-----, County of .._-.._...Hall___--.-_-----, State of _._.?~e~raska,--.., hereinafter referred
<br />to as the Borrower, and the Mortgagee, FIRST FEDERAL SAL'INGS AND LOAN ASSOCIATION OF
<br />I.INCOI.i`I, 1235 "N" Street, Lincoln, Nebraska 6$501, its successors and assigns, hereinafter re#erred to
<br />' as Lender.
<br />LVITNESSETH: That the said Borrower for and in consideration of the sum of .....UrLf:VI'<N..TIIO.USAND.-
<br />__-_.ESVE..HUIIDRED.AND_IIQLIQQ--'.-------`°---°---.----.--"Dollars (US *-. 11,-50.00......------- ----I
<br />paid by said Lender, does hereby mortgage, grant and convey to bender, its successors and assigns; the
<br />following described property located in the County of .........._Hall._ ..................... State of Nebraska:
<br />Lot Thirteen (13), Block Gne (1) in Lake Dsrs Acres Su'odivision,
<br />Hall County, Nebraska.
<br />TOGETHER 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, water, water rights, and
<br />water stack, and all fixtures now or hereafter attached to the property, all of which, including replace-
<br />ments and additions thereto, =hall 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 leasehold estate in the event this
<br />?Mortgage i.s on a leasehold i are herein referred to as the "Property".
<br />Harrower covenants that Borrower is lawfully seised of Lhe estate hereby conveyed and has the right
<br />to mortgage, grant and convey the Property, that the Property is urenc.imbered, and that Borrower will
<br />warrant and defend generally the title to the Property against all claims and demands, subject to any
<br />easements and re3°triciions listed in a schedule of exceptions to coverage in any tii.le 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 />PaovinEa ALWAYS, and these presents are executed and delivered upon the fotlaw~ing conditions, agree-
<br />ments and oblfgatians of the Horrawer, to-wit:
<br />The Borrower agrees to pay to the I~nder, ar order, i.he principal sum of ....b~l:VEl9-.11i9U~ANk..._......
<br />- - .k'It'E..TiL1NDRED--AND--NO/100--------.-----,-----.----°--Dollars (UC .-11.,566.QQ ~- --- - ... )
<br />payable as provided in a note executed and delivered, corcurrentl}• herewith, the final payment of principal,
<br />if not sooner paid, an the -_....First_------- day of .-._January .. ........... . .._ ]g_8_Q .,
<br />LxiFt>aai t.ova;hsavrs. Borrower and Lender covenant and ogree as follows:
<br />1. Dcyrraent of Prisxcipal mxd la:ere-st. Harmwer shat promptly pa}' when due the principal of and in-
<br />terest on the indebtedness ev~ideneed by the ?v'ote, prepayment and late charges as provided in the Note,
<br />and the principal of and interest. on any Future Advances secured by this A4ortgage.
<br />2. Funds far 1'tcxes and Insurance. Subject to Lender's option under paragraphs 9 and 5 hereof, Bor-
<br />rower shall pay to Lender on the day monthly installment-s of principal and interest are payable ui,der the
<br />Note, unlit the dote is paid in full. a sum (herein "Funds") equal to one-twelfth of the yearly taxes and
<br />assessments which may attain p orty over this Ivfortgage, and ground rents on the Property, if any plus
<br />one-twelfth of yearly premium installments for ha,_ard insurance, plus one-twelfth of yearly premium in-
<br />stallments for mortgage insurance, if any, all as reasonably estimated initially and from time to time by
<br />Lender on the basis of assessments and bills and reasonable estimates thereof, Lender shall apply the Funds
<br />to pay said taxes, assessments, insurance premiums and ground rents. Lender shall make no charge for so
<br />holding and appl}dng the Funds ar verifying and compiling said assessments and bi1Ls. 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 $orrower agrees that the Funds may be held lay the
<br />Lender and commingled with other funds and the Fender's own funds and the Lender may pay such items
<br />from its ow•n funds and the Lendex shall not be liable for interest or dixidends on such Funds.
<br />If the amount of the-Funds held by Lender, together with the f"ature monthly installments of Funds
<br />payable prior to the due-dates of taxes,-assessments, insurance premiums and ground rents, shall exceed
<br />the amount requited to psy said taxes, assessments, insurance premiums and ground rants as they fall due,
<br />such excess shall- ias, at Harmwer's option, either procxiptly repaid to Borrower ai credited to Borrower on
<br />rtaonthly installments of Funds. If the- amount. of the Funds helot by Lender shalt Slat be suf&cient to pay
<br />taxes, assessments, insurance premiums and ground rents as they fall due, Harrower shall pay to Lender
<br />any amount necessary to make up the aeficieney within thirty days after notice from Lender to Borrower
<br />requesting payment thereof, or Borrower shall; by an increase fn monthly installments of Funds required.
<br />repay the deficiency within the Fund accounting period.
<br />1Jpon payment in full of ail sums secured by this Mortgage, Lender shalt apply Funds held ac a credit
<br />against all sums due.
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