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INDIVIDUAL
<br />DUE ON SALE
<br />~~' OPTIONAL FUTURE ADVANCES
<br />SAVINGS FUND
<br />~~ Foarrt No. 720
<br />Loan Number__ 40624 __- I88 __-__1 __
<br />- Type Branch
<br />
<br />THIS MORTGAGE, made and executed this -_lOt?1 ................... day of --._.-.a'~Iarcl~--- ---~~- .--~ . - A-D•,
<br />19.....79-, between the Mortgagor, .. WiI? iam_ J<_..Bigley.-and_-Catherine.,L... Bigley,, .husband and
<br />.....
<br />wife. jointly .and. each in them. own_. right=----__--
<br />of ..-Grand_Island.._..-..-, County of ..._..-_Hall.-..-...-._.--...., State of ._Nebraska..._., hereinafter referred
<br />to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATIOAT OF
<br />LINCOLN, 1235 "N" Street, Lincoln, Nebraska 6&501, its successors and assigns. hereinafter referred to
<br />'" as Lender.
<br />Wlm~ssETI-I: ?'hat the said Borrower for and in consideration of the s.mz of ..THIRTY THREE THOUSAND
<br />SIX-:HUNDRED-AND.NOJ10d.--.---------°-----------------Dollars (L?S S_--33-,-600-, 00.---_----...-J
<br />paid by said Lender, does hereby mortgage, grant and convey to Le.^.der, its successors and assigns; the
<br />following described property located in the County of -.--_.._..-Hall ,State of Nebraska:
<br />Lot Ten (10), &lock One (1}, Island Acres Number Two (2}, City of Grand
<br />Island, Hall County, Nebraska
<br />T4CETHER with all the impt~vements 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, ~^~
<br />water stock, and all fixtures now or hereafter attached to the property, all of which, including replace-
<br />ments and addi~ions 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 Ieaseho}d 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 convey the Property, that the Property is unencumbered, and that Borrower will
<br />warrant and defend generally the title to the Property against all Maims and demands, subject to any
<br />easements and restrictions listed in a schedule of exceptions to coverage in any title 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 bond~~ abstracter.
<br />PBOYIDED ALWAYS, and these presents are executed and delivered upon the following conditions, agree-
<br />ments and obligations of the Borrower, ta-ti~~it:
<br />The Borrower agrees to ppay to the Lender, or order, the principal sum of ..-THIRTY..-THREE..T$QUSAND
<br />._.SIX-ffUNDRED--ARID- NOjI00 ----------------------- r ~ 33,500.00
<br />------ - -- -- -- -..-.._...... -- ... Dollars (LS '~-........- -...-..-° ------ -...-----}
<br />payable as provided in a note executed and delivered, concurrently heren~th, the final payment of principal,
<br />if not sooner paid, on the ....-.1st.-._._._.-.. day of -._-..._.April..-.._...._..___..,~@;.-20B~y
<br />UNIFORM CovENAN~rs. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal and Interest. Borrower shall promptly pay when due the principal of and in-
<br />terest on the indebtedness evidenced by the Note, prepayment and Late charges as provided in the Note,
<br />aad the principal of and interest on any Future Advances secured by this Mortgage.
<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 moathh ia:stzllments of principal and interest are payable under the
<br />Note, unto the Note is paid in full, a sum (herein "Funds") equal to one-twelfth of the yearly taxes and
<br />assessments which may attain priority over this 141ortgage, and ground rents on the Property, if any plus
<br />one-twelfth of yearly premium installments for hazard 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, iasurance premiums and ground rents. Lender shall make ro charge for so
<br />holding and applying the Funds or verifying and compiling said assessments and bills. 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 Borrower agrees that the Funds may be held by the
<br />Lender and commingled with other funds and the Lender's own funds and the Lender may pay such items
<br />from ita ovns funds and the Lender shall not be liable for interest or dividends on such Funds.
<br />If the amount of the Funds held by Lender, together with the future monthly installments of Funds
<br />payable prior to the due dates n# taxes, assessments, .insurance premiums and grouad rents; shall exceed
<br />tjee amnunt required ~ ICY said taxes, assessments, insurance premiums and ground rents as they fall due,
<br />auch excess shall be, at-Borrower's option; either promptly repaid to Borrower or credited to Borrower on
<br />monthly installments of Funds. I# the amount of the Funds held by Lender shall not be sufficient to pay
<br />taxes,-assessments, irtsurance premiums and ground-.rents as they fall due, Borrower shall gay to Lender
<br />any amount necessary to make up the de&cieney within thirty days after notice from Lender to Borrower
<br />requeatiag payment thereof, or $orrox!er shall, by an increase in monthly installments of Funds required,
<br />repay the deRciency within the Fund accounting period.
<br />Lipon payment in full of-ail sums secured by this Mortgage, Lender shall apply Funds held as a credit
<br />against all sums due.
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