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iNpIVIDUAL
<br />DUE t7N SALE
<br />OPTIQNAL FUTURE ADVANCES
<br />SAYINGS FUND
<br />!.B \I~Aa i i FcQM h[U. ;z0
<br />0'S!'1'~ Loan l+luntber__ 38S2d__~__199__-- 2_.
<br />- rype B.a~<n
<br />~7°"'~ g{-~ yyr;; ~ rs .t[ 1 - IYi -iJ 1't f -\.7 l'1 i..~i
<br />V~V~~3~
<br />rttt3 r.:tsli"i"firAGE. tiaadc and execs+„~q +i;is -...-__ ------------ ----- • day of ._.. ~~`~..-...--....._.. A:I).,
<br />io '?l xan.,,~„ r1,n'~ri~rlsragnr _ na~n3s Vd L7oialzn.~-ntlia..a ..~?o.;~kn,..hua.hanr'i_v^~.~i~-,..-
<br />....--- --~ °------- --- - ---p-s--~ --
<br />.joint3y,and each_in thear,own_.rfgttt.-._._.._..
<br />of ...~xand.,.I&iatztl._--..-.-, County o# ......Hsl.l------------------------- State of ....Neb=aslca.._.-, hereinafter referred
<br />tG as the $orrower, and the l4fortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br />LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to
<br />as Lender.
<br />Wrr*rt=ssETx: That the said Borrower for and in consideration of the sum of ---.~jR.T."~_~?vfi.._......-
<br />.III7~A1~t1...>41iG.if~...HtRdk-ttl;A_ At~_A74..7,00-------..--.---------.-Do$ars {IJS ~-----.35,df)Q,-E1Q-...._....-....}
<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 ........-...lia7.~ ..................._--, State of Nebraska:
<br />Lot Four {4} Black Two <2} Colonial Estates Subdivision in the City of Graad Island
<br />Hall County, Nebraska
<br />ToceTxze with aI] 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 siock, and all fixtures now or hereafter attached to the groperty, ail of which, including -replace-
<br />ments and additions thereto, shall be.deemed to be and rgmain a pari of the property covered by this
<br />Pdbrtgage; and alt a# the fozegaing, +~c;gether :vith said property {ar the leasehold estatem ttie event- this
<br />E~Iortgage is on a Ieaselrold} are herein referred to as the "Property"
<br />norrvwer cover~atSts that Fsorxower is lawfully seised of the estate hereby conveyed anc't has the riglii
<br />tQ mortgage, grant and convey the Property, that the Property is unencumbered, and that Borrower. will
<br />warrant and defend generalh~ the title to the Property against all claims and demands, subject to any
<br />casements and restrictions listed in a schedule of exceptions to coverage in any .title insurance policy -in-
<br />suring Lender's interesi in the Property, or t2} attorney's opi?zian of title from abstract of title certified
<br />by bonded abstracter.
<br />Paovt>feo ALWAYS, and these uresents are executed and delivered upon the following carditions; agree-
<br />menu and obligations of the Harrower, to-wit:
<br />The Borrower agrees to pay to the Lender, or order, t-he principal sum of .THIRTY _FfVE,.TH(3USA7~},._
<br />.EiS~iT..fITTt~12SEA..ANA_bTQ/.~Q4.--c-r----.--------cr.--c----r.-.Dollars (L'S 8--...-~S.,SQ9.G1.U_..._.:..:..:._}
<br />Payable as provided in a note executed and delivered, concurrently herewiih, the final- paynxent of principal,
<br />if not sooner paid, on the ._. Fl,>;~.t:...._.---. day of ..23arch.-. -------.-__.------,--,.> ~-.3I198
<br />r~iNt,c"L~~t Covz;xAxTS. $arrOWPT and Lender coFenan±. and agree as follows: _ - _ - _
<br />I. Pagmeaf of Principal myd Iatarest. Eiarmwer shall promptly pay when due the principal of and in-
<br />ter~st cin the ixxdebtedness evidenced by the Nate, prepayment and Tate charges as provided ir, the Note,
<br />and the principal of and interest on any Future Advances secured by this ?vortgage.
<br />2. Funds for Tmces aacF lasuraace. Subject to Lender's option under paragraphs 4 and 5 hereof; Bor
<br />rower shalt pay to Lender on the day monthly installments of principal and in#erest are payable under the
<br />Nate, until the Nate is paid in full, a ram 4herein "Funds"} equal to one-twelfd:h of the yearly- taxes and
<br />moments which may attain priority aver ti?is':4~Fortgage, and ground rents on the Property, if any plus
<br />ono-ttvetfth of yearly premium installments for hazard insurance, plus one-twelfth of yearly. premium in-
<br />stallments .fop mortgage insurance. if any,-all as reasonably estimated initially and- frtxn time t.o- tune-by
<br />Lender an the basis of arse>Ssments aad bills and reasonable estimates thereof, I:ender shall aPPIy the Funds
<br />to pay said taxes; assessments, instnaafe premiums and ground rents. Lender shall make ito charge for so
<br />" ,holding and applying "the- Funds or verifying and compiling said assessments and bills. The Lender shall
<br />gyve #rs -the. Harrower,.- wttltoLt charge, an annual- act€;unting of the Funds stiawirg credits and" debits to the
<br />F'ds and the purpose for which-each- debit to the Fetnds was made. Tire Funds are" pledged as additional
<br />e.. qty for the_ ssr;3s- secxre.-r 'Uy this ;f$u-tgage. -.The Borrawar agreees that the Funds" may be bald lre the
<br />Ix:cier and catnmingled Willi ptlier funds and the Lenders-own funds and tfte Lender may pay such items
<br />from its awn fund and the Leirder shall not be lzable for_interestor dividends on saeh Funds.
<br />if ti;e amtsetnl of"the ~'•1IYld.9 held by Lender, together with the future manth]y installments of Funds
<br />.payable prier to the:di d>3tes of fazes, a&sessmon'w>, insurance ntesti#uiila and grounii rents, shall exceed
<br />the amount requirt~d tp•pt~y said taxes, assessments, insurance premiums and ground rents as tkiey fall`due,
<br />such excess shall be, at ~3t'yrrowFr'a option, either prornpt)y repaid to Borrower or credlte<I r~ ~riiiwer on
<br />mcnthiy installments o~ Funds. If '.he amowlt of the Fand,4 held by lender sha.Il eat txe sufficient to pay
<br />- ts~es, assessnaenls, iilsrtran~c premiums snd groun!i rents as they faIl c1Eae Bormvver shall pay to Lender
<br />aay amount necessary-tn tn&l~c up the deftcienry .vithir, thirty days after notice from laeratrler to Harrower
<br />requtBtin,c, pav:nertt thereo[,- car Borrower shall,. by sze irnsease in monthly installments of Funds required,
<br />ze~y._t}te denciency avtliin flee Fund accounting period.
<br />IJpan payment in fiat of all sums sacl~rsd by-ibis ~fortga~e, Lender shall apply Funds held as a credit
<br />against ail szrins-due.
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