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<br />~; INDIVIDUAL
<br />DUE ON SALE
<br />€ OPTIONAL FUTUI26 ARVANCES
<br />e
<br />SAVINGS FUND
<br />FORM No. 720
<br />~~~ Loan Number- 40311 - __l$8-- _ 1
<br />- -. .. .. --- TYae _ _ _ _ -B,an~h
<br />G
<br />'I`XiS 16tORTGAGE, made and executed this ..---_.,l,~ ............._. day of .....~.~t.~r;~t.:,-......_... A:D.,
<br />~ 19-.~.~.., between the Mortgagor, ..Roderick-~._tiuebner-,and-NL~ry.A.-in.-~Fvebner,..h~s. a~~l-.gAd..l~.~e,
<br />Carl L. Woods-and.GaulQ_L._,Woodsx-.husband _ard_wie,_,j.o~ntly.-and..severaily--a~d_-each..~..;~pg~„r..flwnrighl
<br />of Brand Island ......., L'ounty of - xo~ .....- --._.., State of -...~ebras~a..--., hereinafter referred
<br />t to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS Aiv'D LOAN ASSOCIATION OF
<br />LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, it<s successors and assigns, hereinafter referred to
<br />as Lender.
<br />T<al:nrrx NIIa~ THOtJSA.ND
<br />~ITxhS•4isTY-I: That the said Borrower for and in consideration of the sum of ----._.:~-_-..- _._--._-._....-.
<br />S,3'n„HUC7D;2~U-.AND.NO 100---.--.-------------------------- T 2 600.flJ,--
<br />....~ ....-..- - - -....37ot:ars (LS 8 .9_s.- --~ - -..._)
<br />paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br />following described property located in the County of --_--.h$~__.-___.._-._..-.--..> State of Nebrska:
<br />sot Two (2}, dock. Eighty-seven (£37}= Wheeler and Bannett's
<br />Fourth Addition to the City of Grand Island, Ha:1 County,
<br />Nebraska.
<br />A i;orzected mortgage to correct amount of the Plate plus US $ recorded at document
<br />1174-Ct}fs821 an February i~c, 3474
<br />Tocs•rxsa with ail the improvements new or hereafter erected on the pznperty, and all easements,
<br />rights, appurtenances, rents, royalties, mineral, ail and gas rights and profits, water, water rights, and
<br />water stock, and all fixtures now ar hereafter at#aehed to the pranezrty, all of which, includi.*sg r~place-
<br />menu-and additions thereto, shall beydeemed to be and remain a part of the property covered by this
<br />ii`~artgage; and all of the foregoing, together with said property For the leasehold estate in the event this
<br />Mortgage is on a leaseholds are herein referred to as the "Property'.
<br />Borrower covenants that Borrower is lawfuIly 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 $orrawer will
<br />warrant and defend generally the title to the Froperiy against ail claims and demands, subject to any
<br />-, easements and restrictions listed in a schedule of exceptions to coverage in any title insurance policy in-
<br />sating Lender's interest in the Property, or (2} attorney's opinion of title from abstract of title certified
<br />by banded abstracter.
<br />FxovtflsD ALWAYS, and these presents are executed and delivered upon the fallowing conditions, agree-
<br />menu and ohligationa of the Borrower, to-wz+:
<br />~! _ The Harrower agrees to pay to the Lender, or order, the principal sum of ~~._?`~~--~?a~?-`~.--
<br />':. $~_1fI7R3DRED.AND.-NO/100---.------.----°__----------e-----Dollars (1'S 8.~9z600.~0----° - -- ----- ~
<br />payable as l>ravided in a Hate executed and delivered, concurrently herniclth, the final payment of principal,
<br />if Hat sooner paid, on the ----fir~t__...__- day of .-....~t3~?'c~i -----------.--------, pf3-~tA2~
<br />L'xr~axra Cavexax7s. Borrower and Lender covenant. and agree as follows:
<br />I. Falrmant of Prixxcipai and interest. Borrower shall promptly pay when due the principal ci£ and izi-
<br />tarest on-the indebtedness evidenced by the Nate, prepayment and late charges as provided in the Note,
<br />and the principal of and interest on any Future Advances secured by this A~lortgage.
<br />2. Funds for Taxes and Insurance. 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 interest are payable under the
<br />ItTate, until the Note is paid in #ull, s sum {herein "Funds"} equal to one-twelfth of the yearly taxes and
<br />assessments which may attain priority aver this Mortgage, and ground rents on the Property, if any plus
<br />one-twelfth of yearly premium izzstallments for hazard insurance; _plu_S one-twelfth of yearly premium in-
<br />stallments for mortgage insurance, if any, aA as reasonably estimated initially and #rom Tune to time by
<br />Lender on-the basis of assessments and bfUs and zeasanable estimates thereof, Lender shall apply the :Funds
<br />to pay said taxes, ass~.srnents, insurance premiums and ground rents. Lendei shall make no charge-far so
<br />holding. and applying tl;e Funds or verifyirin and compiling said assessments ar:d bills. ?'he fender shaL1
<br />give to- the Borrower, without charge, an annual aci:aunting of the Funds showing credits and debits to the
<br />~??rrda and the purpose for ~hi+wh each: debit tQ the Funds was nude. The Funds axe pledged as additional
<br />security for- the. sums secured- by this Mortgage. The Harrower agrees That. the- Funds map be held by -the
<br />Lender anti camminglerl with oilier -funds ahd the Lender's a~*n {ands and the Lender may pay such items
<br />from its. own funds -arid the :[,ender shall ti©t be liable- for-interest or dividends an such. Funds. -
<br />If the smcrunt of the Firsds l~ld by I~;ndss, td:guther with-the future-monthly in&tallmesits of Funds
<br />payable prior tr. the-due dates of taxes, assessments. 3nsuranca .premiums and ground rents, shall exceed
<br />the i3n~aunt required to gay said taste. a*~esansents; insurance premfums and ground-rents as they fall Sue;
<br />such e<<c»s shall $e, at f3ori^CSCr?r's option, either promptly repaid to Burrower or credited to Borrower an
<br />monthly insiallr,~etits of li`unds_ If the amount of *..Iie Funds;held ty Lender shalt not be sufficient to pay
<br />taxes, assessments; insurariee premiumF and ground rend xis t2iey fall: dye; f3arrower shall pay to Lender
<br />any arn5us„F neces~azy to make ut'i the deficiency wit~nii t(tlirty-drys after notion from Lender to Borrower
<br />requesting ~ayixient- thereof or Burrower shall, by an jncrease #n monthly installments of Funds required,
<br />repay the deficiency within the Fund aecau::ting-..period.
<br />[)'pan Payment in fuU of all sums. s+Pcurred by this It•fortgage, bender shall apply Funds held as a credit
<br />against all sums. due:
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