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INDIVIDUAL
<br />DUE ON SALE
<br />OPTIONAL FUTURtr ADVANCES
<br />SAYINGS FUPJD
<br />-SOY' FORiA No- 720
<br />~~ Loan Number__40b95 - 188 - 1
<br />------------------
<br />- „ Troe erancn
<br />79-~~~~~~ MORTGAGE
<br />THIS 1~fORTGAGE, made and enecuted this .-._-0?3--....------....- day of .-..-.~A/ch------------------ A.D.,
<br />19-.-~4..., between the Mortgagor, -.Dnuzd.L..-.Bnguslara,..-a--single-_gerson--and---I,eAnae--l~,---------------~--
<br />...Hut'ton>--a--singler--jt~ntly.-and--each-in.-their:--own-r-i8ht.-...-..-- -----------•-- ------ . ......................•----
<br />of -.-..Gxamd:.~s~.ansi.-_---.-, County o# _----->Iall_ ................_.-, State of -----Alehzaslca....., hereinafter referred
<br />to as the Borrower, and the Mortgagee, 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 />Wirxsss~rx: That the said Borrower for and in consideration of the sum of -.1'4?]rl'1~_~1!?Q..~HQUSAND
<br />_-FOU'd-2iIINDRFI) AMID-_NO/100---.-.----_--------------°-'Dol'.ars (US $..-22,400.-OQ--__------.--...)
<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 -.-.-_-Hall .............------.._, S+ate of Nebraska:
<br />I~t Fiv+e (5), 131ock 'B" of --isc,ettn's Subdivision, located on Lot Sixteen (16) of the
<br />tknnty Subdivision of the South Half Cs~) Southeast Quarter {SF~ Section Sixteen {lEi)
<br />Ti~shiTn 1l 111m-1~ii Rs~gP 9 T,d~at of ~hP Fith P,M- ~ Hall (~rxi~ty~ tVPhrs~cka
<br />TocBrxsa with all the improvements now or hernafter 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 stock, and sll futures now or hereafter attached to the property, all of which, including replace-
<br />mentb sad additions thereto, shall be'deemed to be and rwmain apart of the property covered by this
<br />Mortgage; and all of the foregoing, together with said property for 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 snd cwnvey the Properly, that the Property is unencumbered, and that Borrower will
<br />Warrant and defend gzaerally the title to the Property against all claims and dema-.ds, subject to any
<br />its and restrictions listed in a schedule of ezcegtions 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 bonded abstracter. -
<br />P~vmEa Aiwevs, and these presents era eaecuted and delivered upon the fellow-ing conditions, agree-
<br />a~ts and obfigstions of the Borrower, to-wit:
<br />The Borrower sigrees to gay to the Lender, or order, the principal sum of 1.1r1Ed.TY--1~S)..THDIISAH7)._.--
<br />.I'#?I18.-1f~--t~-I~/1Q0-'-------------•-----------------------.._.._- r 22- 400.00
<br />payab~ as prs~vided in a note ezecuted and delivered, concurrently herewith, the final payment of principal,
<br />if not sooner paid, on the __.-.-1sL.__-...._.. day of --.--- ....April...------.-..-___., Ifs-.2oQ4
<br />UxtguYx CovaxA.,rrs. Borrower and bender covenant and agree as follows:
<br />1, ~ of and Harrower shall gromgtly gay when due the principal of and in-
<br />terest ~ the indebtedness evidenced by the Note, prepayment and late charges as provided in the Note,
<br />a~ tlse principal of and interest on any Future tldvanees secured by this Mortgage.
<br />2 Fuseda ~ ?axes smd lassr~s*e. Subject to Lender's option under paragraphs 4 and 5 hereof, Bor-
<br />e ~ ~ Ncite Eder oa the day nwntnly installments of principal and interest are payable under the
<br />paid is full, a sun {herein `'Funds") Huai to one-twelfth of the yearly taxes and
<br />to rvbiCh may attain priority over this Mortgage, and ground rents on the Property, if any plus
<br />she-tovefith of yearly gremiuin inata~lmeats #or hazard insurance, glus one-twelfth of yearly premium in-
<br />atal~tentg for mortgage iasuraaoe, if as ,all ss n~soaably estimated initially and from time to tune by
<br />Leader oa the laasis of asaea~nen# and bills and reasonable estimates thereo#, Lender shall apply the Funds
<br />~ gsY ~ . i~saace prentiums and ground rents. Lender shall make no charge for sa
<br />Ftmds or v~ifyiag and compiling said assessments and bills. The Lender shall
<br />charge, as annual accounting of the Funds showing credits and debits to the
<br />and tl~e petrpoea #+ux ahich eases daldt to the Funds was made. The Fvnds are pledged as additional
<br />- ae~earity ~ the s~,.sex~tf by Mme. The Borrower agrees that the Funds may be held by the
<br />LeQ'~~ s~ h ofihrr funds-sad the Lender's own funds and the Lender may pay such items
<br />,~ fiaptt i#a awn fug and tf~e i,mder aha~ aot be liable for interest or dividends on such Funds.
<br />E# tlse +rmotntt ~ tie lttlnela b3' , together- With -the future monthly installments of Funds
<br />~ PaY+~ I~ '69 ibe itkse des of ; •+bnts.saaurartee premiums sad ground rents, shall exceed
<br />es at aa~ iaxcrs, insui'ence gr~iums and ground rants as they #$Ii due,
<br />]3~oata~er' Via, 3 repaid to Borrower or credited to Borrower on
<br />~y c-f - If the amotrat ofpt6~e P'uryida lteld.by i~tder shall not be sufncient to pay
<br />. e - aml rants as #tty fall due, Borrower shall pay fo Lender
<br />any writ -tom _ ~ +~-ty-da3~ aft€r from L€nc~~ to Borrower
<br />m4 ~ - a1~11, ~ as ire in awrthly installments of Funds required,
<br />!' g period.
<br />payz~$t is-full of all sums sea by this Mortgage, Lender shall apply Funds held as a credit
<br />against atl sunW due.
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