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6ty Ct[''V lC1tSAL.
<br />~' ~...-.-.:''~ flPTldhrAt_ IFt1TURE AdVANN~ ES
<br />~~f,®~r SAVINCaS t=UND
<br />~~ iowr NO 720
<br />Loan Numt~r__4~2ii_-- --_.i8~ -- _ 1 ..
<br />~~'tJU0679 MORTGAGE
<br />TFIIf3 V10RTGAGE, made and executed this ,~ day of ~<it-'°`~ A. D.,
<br />?S ~~ ., between the htort,;agor, Wayne E. Rube and Oebra A. R;.the, husband and wife.
<br />jointly and .each in theiz uw^ zi.ght,. .
<br />of Weed .River ,County of Hall. - , 4tate of Nebraska ,hereinafter referred
<br />to as the Borrower, and the 'vlortgagee, FIRST FEDERAL SA~'INrS AND L')A.~ ASSr7ClAT10N OF
<br />LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its succesaora and assigns, hereinafter referred to
<br />as Lender.
<br />Wrrxeaserrt: That the said Borrower for and in conside-ation of the su_m of '1XENTY IkfOUSA&tl
<br />__.ANA .NO1104r---•------.-r-------------rr--------i:oCarx (t.'S S 20,0.00.00. l
<br />paid by said Lender, does hereby mortgage, grant and convey to Lender, its suc~~eseorto and saeigms; the
<br />following described property located in the County of flail ,State of Nebrateka~
<br />A tract of land in the Southeast Quarter (SF~c) of Section 27, Tawasht.p 10 North, Range `i'
<br />ll heat of the 6th P.M., Hall County, Nebraska, more particularly described as follows: r
<br />t;or®encing at a point Ninety-three and One-half (93ir) rods North of the Southeast carnet
<br />of Section27, Township 10 North, Raage 11 Weet of the 6th P.K., thence rrmnirrg North along
<br />the East line of Said Section 27, Oae Hundred Seventy-tvo and One-half (172'S) feet; thence
<br />tutoring South 83°10' (lest, Two Hundred Pifty-two (252) feet; theses ruaninE South One Hundred
<br />Seventy-two and One-half {1720 feet; thence running North 83010' East (VA1l°45' Sast) Two
<br />Hundred Fifty-*_wo (252) feet to the place of beglnnirrg.
<br />Ttrcztttes with all the improvements now or hereafter erected on the proyerty, and al! easements, t
<br />e
<br />rights, appurtenances. rents, royalties, mineral, oil and gas rights and profit8, water, water rights, and
<br />water stock, a~ all fi:turea now or hereafter attached to the property, all of which, irrcludi~ reQlace-
<br />menu 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 leasehold estate in the event this
<br />Mortgage is on a leasehold) are herein referred to as the "Property"-
<br />Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right
<br />to mortgage, grant and com•ey the Property, that the Property i_c unencun,berrd, and that Burrower will
<br />warrant and defrttd generalh the title to the Property against all rialtos and demands, subject to any
<br />rasemertta and reatricticmH lted in a schedule of exceptions to coverage in any title insurance policy in-
<br />suring ixstder'= inteh tin the Pmpert~', or t21 attorney's opinion of title f*!im at+stract of title rvrtifierl
<br />by bonded abstracter.
<br />Pstnvrt;t•:n At.rs;tvs. and thFae peasants are Fxa-vted and deliv~•rcd urn the follaainr ~=nditions, egree-
<br />trtents artd vhiieatiuttr; of the Pwrri~wer, tv-wit:
<br />The Borrower agrees to pay to the Lender, or order, the princ~ipai sum of irr'EM"1:7i iHCIiiSAi~L sciD
<br />SH?>t IOQ-__~_-r__---_~-~_____-_-_~_--~_-----_'TkI13rc l L'S ~ 2.0,000.00 }
<br />payable as provided in a note executed and delivered, concurrently herewith. the final paymen~. of principal,
<br />if not sooner paid, nn the gisat day of February .IBC 2004
<br />L}NIFt1aM CovFy,rnrrs. Borrower and Lender covenen*. and agree as follow:
<br />1. Payment of Principal and fatereat. I~,rmwrr shall promptly pay when due the principal of and in-
<br />terest on the indebtedness evidenced by the Note, prepayment end late charges as pmvidecl m the Note,
<br />and the principal of and interest on any Future Advances secured by this 1lortgage.
<br />2. Fonda for Taxes and Insurcmca. Subject to Lender's option under paragraphs 4 and .~ hereof. Bor-
<br />rower shall pay to Lender on the day monthly installments of principal and utterrst art {~ayahir under the
<br />Note, until the Note is paid in full, a sum (herein "Funds"1 ryual to one-twelfth of the yearly taxes and
<br />aaaesatnents a°hich may attain priority over this '~tortgagH, and (;round rents on th~• f'ml~rrt it ani~ plug
<br />one-twelfth of yearly premium insta~iments for hazard insurance, plus ore-twelfth of }early premium in-
<br />atallmenta for mortgage umurarrcw, if asy~ ail as reaaonaWy estimated initially and irom time w lima by
<br />Lerner on the basis of aseeastneats sad M11e and reasonable estimates thereof, Lender shall appty the Fonda
<br />to pay said tazea, aeeeserrrente, insurance premiums and ground rents. Lender shall make no r~arge for so
<br />h°lding and applying the Swrdb ur ratifying and compiling said a~rhments and bill.. Tl-~c LEnd~•r .ah311
<br />give to the Borrower; without c~rar¢e, an annual accounting of the Funds showing cred'ts and debit: to the
<br />p'turda and the purpose for which each debit to the Funds was made. The Fonda are pledged as additional
<br />aet.~urity far the soma secured by this Mortgage. The Borrower agrees that the Fonda may be held by the
<br />I,srrder sad commingled with other funds and tbe Leadei a own funds and the Lender (nay pay such items
<br />(tom its owe funds end the Lender shelf ltE-t be liable for interest or dividends on such Ftirrtds.
<br />if the amount of th funds held by Leader, together with the future monthly installments of Funds
<br />payable prior bo the due dates of fazes, assessments, irsurance premiums and ground rents, shalt exceed
<br />the sarount required to y said fazes, assesisrrerrta, insurtnce premiutru+ and ground rents a_s they fall due.
<br />such a:c~a shall be, at Sotrower's option, either promptly repaid to Borrower or credited to Borrower nn
<br />monthly installments of Fonda. If the amount of the Funds held by Lender shall not he suHicirnt to pay
<br />taxes, asse~ments, uraurance premiums and ground rents sa they fall due. Borrower shall pay to Lender
<br />arty amount necessary to make up the deficiency within thirty days after notice from Lender to Borrower
<br />requeatinq payment thereo{, or Borrower shall, by an inen~ee in monthly installrnentc of F .±nds n~ctuireci.
<br />repay the deficiency within the Fund accounting period.
<br />1'lmn payment in full of all sums secured by this aurtgage. Lender shat' apt ' • F.rnd `:. ,,, „ ,~ , r. ,i;,
<br />against all sump due•.
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