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<br />IN131YI~L3AL
<br />~p ~ ui.9E CtfV SALE
<br />[l ,^`-'c' 1--1 OP3fONAL F17TL7#2C AfS1fANCES
<br />SA~JfNCs,S F7JN1~
<br />.-. .®~ -FORta N0.72a _ -
<br />Lnan t~umt;er___40244_______188_-_-___1
<br />Type 9rantn
<br />79-~U1~}~°t MORTGAGE
<br />THIS ibIOIITGAGE; made and executed this .......-cif-~- -. -------.. day of ~~ ---- _.. A.D.,
<br />13__29_.., betweea the Mortgagor, .__.kauA..ll....Aunne.X..and_1*lildrecl,-L..- Bonney,--hush---_ d_-and wife,
<br />.. joint2y,_-and-_ each-. in_,their-_ <>wn._right ................................
<br />of_. Grand. Island.. -------, County of .... , Ha1I ----------------- State of . -Pvebraska - --= hereinafter referred
<br />to as the Borrower, and the Mortgagee, F1RST FEDERAL SAVINGS ANB LOAN ASSOCIATION OF
<br />LINCOLN: 12;15 "hT" Street, Lincoln, Nebraska 68561, its successors and assigns, hereinafter referred to
<br />as Lender,
<br />WITNE88ETA: That the said Borrower far and in can~zderation of the sum of -_SIXTY_EIQIIT----.---,--.
<br />-.~4T7SAN?2_ANH.-N~LlflA-.c--.-~---.--_______.__------__~--Dollars {iJS $-.68000.04_..------...---_)
<br />paid by said Lender, does hereby mortgage, grant and convey to Lsnder, its successors- and assigns;.the
<br />following described gtroperty located in the County of --._i~~-],---.-------------------------+ State of Nebraska_
<br />Cotmnencing at the Southeast corner of the West Half of the Northwest Quarter of Section
<br />28, Township 11 North, Range 9 West of the 6th P.1-f. Hall County, Nebraska and running
<br />tlseace North along the East lane of said West Half of the Northwest Quarter of Section
<br />28, 715.6 feet to an-iron pipe, thence kTest 407 feet, thence South 142.1 feat, thence
<br />Southwesterly at an angle of 44n06' to the right a distance of 262 feet thence Westerl~*
<br />at an angle-of 40054' to the right a distance of 62.5 feet, thence South on a line
<br />parallel to the first above course 408.5 feet to ~he South line of said West Half of the
<br />Northwest Quarter Of &ect7.Un 2$, thence TEast along this South line b69.5
<br />Tosa~rrtxa with all theEiEm ioTveAtn~e~n~s now of hereafter erectod on the m rt and all easements,
<br />p P Pe Y,
<br />rights, appurtenances, rents, royalties, mineral, oil -and gas rights and profits, water, water rights, and
<br />wafer stock, and all fixtures now ar hereafter attached tv the property, all of which, including replace-
<br />tnents and additions thereto, shall be deemed to be and remain a part of the- property covered by -this
<br />''.~nrtga,ge; and all of the for~~,oing, together with said property {or the leasehold estate in the event this
<br />Il3ortgage is on a leasehold) are herein referred to as the "Property".
<br />Bormiver covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right
<br />to mortgage, grant and convey tae Property, that the Property ?s unencumbered, and- that Bortnwer will
<br />warrant-and defend generally the title to the Property agai*_+st aL claims and d?mands, subject tci ~itiy
<br />easements and restrictions 1_isted. in a schedule of exceptions to coverage in any title- insurance politer ~-
<br />sixtring Lender's interest in the Property, ar {2} attorney's opinion of titis from abstract of title "certified
<br />by bonded abstracter.
<br />PaovanEn ALWAYS, and these presents are executed and delivered upon the following conditions, agree-
<br />meats and obligations of the Borrower, to-cult:
<br />'the Borrower agrees to pay to the Lender, or order, the principal sum of ...~~-.~z~T.-.-T.HQ~~~.
<br />..AND-,NO(1QQ-._.~'r-"-_'-----__------------------------Dollars (LS ~_..6$~00Q.0©--------•- -- .,.-)
<br />payable as provided in a note executed and delivered, concurrently herewith, the final payment of princigal,
<br />i#-not sooner paid, on the .-----P-ir-st~------- day of -._Match-..-------------------------. ~-2-004
<br />Uxt€ox~a CouSxnNTS. Borrower and bender covenant and agree as follows:
<br />1. Paymettt of Principal and faterest. Borrower shall promptly-pay when dixe the principal of and in-
<br />_ £erest on the indebtedness evidenced by the Note, grepavment and Iate charges as provided. m -the Note,
<br />and the principal of and interes£ on any Future Advances secured by this :Mortgage.
<br />2, Funds. for ?mess mad Insurmtce. Subject to Lender's option under paragraphs 4 and- 5 hereof, Bor-
<br />rower shall pay to Lender on the day monthly installments of principal and interes£ are payable under-the
<br />Note, until the Note is paid in fall; a sum {herein "Funds"} equal to one-Twelfth of the. yearly taxes and
<br />assesameut~ which may attafra ptiarity over this blcrtgage, and ground rents on the Property, i£ any plus
<br />one-twelfth of yearly premium. installments for hazard insurance, plus one-twelfth of yearly pren3ium in-
<br />stallmen£s for rnortgage insurance; if any, all as reasonably estimated initially and frarri time to lane by
<br />Lender. on the basis iif assessments and bills and seasonable estimates thereof, Lender shall apply the ;~ ands
<br />to pay said taxes;-assessmen#s, insurance premiums and ground rents.. Lenrter shall-make rio charge for so
<br />lsolditag -aril applying- bhe Funds or verifying and compiling said assessments ar=d hills> The Letxier shall
<br />give to thi $orrower; withoett charge; an annual accounting. of the Funds showrog credits-and debits to £he
<br />:Funds and-the pitr#xise for-which each debit to-the Funds -was- made. 'The Funds are pledged as additional
<br />security for the scans secured by tails Mortgage. Ilse Borrower agrees that the Funds-.may be heli3 by-the
<br />I:ender and-coininingled-with other funds and-the Lender's owe hinds and the Lender may pay such items
<br />from. lies own. funds -and the Lericler shall. not-Ile lialtle for interest or dividends cn such Funds.
<br />If #ie anirnint of the F+>izds held by L..tuier, together with- the #uture mon£hiy installments of Funds
<br />payable firior is the clue dates of t2?'~, asseasp: f , ,,,,,,irattep'praniu3ns and grt3ua'lfl ri£s, 3hat'i ageeed
<br />-tile amount; roc;tairc ei to pay said faxes, a~essments, insurance premiums andground.rents as-they fall due,
<br />atscla excess shall le, at i3*>rrrwer's option, either pmmrtly repaid to l3orrewer br credited tv Borrower on
<br />-~ monthly= itfataIlments of Funds. If tlte-amount of the Funds held by Lender snail not he siitficient to pay
<br />taxes, assessments; insurance pa~arzuums artd grcund rents as they #all due; :Borrower snail pay to Lender
<br />any az~0ttnt ne€essaty tc ciaake up £lii;-daffeiencv within thirty clays after notice from Lender. tir Harrower
<br />requesting psymeut thereof; nr Batrovi±er siaell .hy an increase in monthly installments of Funds required,
<br />repay the deficiency within f!m I~`und.accounting- pexiod.
<br />-Upon payment in full c% alt sums sacvned liy this Mortgage, Lender shall apply Funds held as a credit.
<br />against-all sums due..
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