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<br />79°U~~6~7
<br />tNDIVtDUAL
<br />DUE ON SALE
<br />OPTIONAL FUTURE ADVANCES
<br />SAVINGS FUND
<br />FORM No.720
<br />Loan Nunber__L+9$49___ ~'_~.~9__ _J__-
<br />rrve e.sncn
<br />M O R T G A G E
<br />THIS MORTGAGE, made and executed this ._.-_._...~7.__.-._.. day of ....-..~~-5-~ .............. A.D.,
<br />19.7_., between the Mortgagor, _._ZI$t•ry-,J,_-P.ATae ~.],-.-apd.. Fayg,-Pursellx--husband -and-,wife,----_---
<br />...,~ai.mt3.y.. and-_~ach-.mot.-tbef:r own.-right,-._ - -. -...
<br />of .-..-~~;'-?zid_j~lapd.-..--.-, County of _..-....Nall _.,, .-.-._ ......, State of .. Ne~raska_-----~ hereinafter referred
<br />to as the Borrower, and the ?t4ortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br />LINCOL.'~I, 123b "N" Street, Lincoln, Nebraska 6Ct501, its successors and assigns, hereinafter referred to
<br />as Lender.
<br />@4rirxi;:sssrx: That the said Borrower for and in consideration of the sum of --.SEVENTEEN- TH0IJSA~iD
<br />- - -FIVE--liUtgllf~.__ 2~?/ZQ`d.---.-------------_----------Dollars (US ~..-17,S.Q0.09- ....-.-.-.._._.f
<br />paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br />following describes property located in the Ccunty of ...-_..Hall.----.------.------.---_, State of Nebraska:
<br />Ivt Tao (2) , Block Forty (4tl) , lh~l ~eler' s 4ddition tot.he City of hand
<br />Islacxi, Hall t'.otxtty, Nebraska
<br />Tocrriirs with all the improvements rcw ar 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 stock., and all futures now or hereafter attached to the property, all of which, including replace-
<br />mmts and additions thereto, shall be deemed to be and remain a part of the property crovered by taus
<br />I1ior~tgage: wad all of the foregoing, together with said property for the leasehold estate in the event this
<br />IMl?ortgage is on a leasehold l are herein referred #a as the "Property"
<br />Borrower covenants that Borrower is lax~fuAy seised of the estate hereby conveyed and has the right
<br />to n~rtgage, grant and convey the Property, that the Property is unencumbered, and that Borrower will
<br />+earrant and defend generally the title to the Properh against sIl claitrss?and demands, subject to any
<br />easelfleats and r+esirictioas listed in a schedule of eaceptions to coverage in any title insurance policg in-
<br />ssuiag Lender's interest 1r the Property, or t?1 attorney's opinion of title from abstract of tatle certified
<br />by bonded abstract.
<br />I3~R"iiDEL1 ALV~AYa, and these presents are eaeruted and delicernd upon the follow-ing conditions, agree-
<br />ments wad ohligatann_s of the I4arm±ver, -wit:
<br />Tre Borrower agrees to pay to the Lender, or order, the principal sum of ST<VEN'.f!~Tai- TIIQIISAHII -.
<br />-£1'~-H[L?tI?F,EIi-A~..3io/1D0- _-~.. - lbllars {t'S ~ .1Z,S.Q(-,QSL...... -._.-_.)
<br />pa}=alile as prodded in a note executed and delivencYl, cancssrrently herea-ith, the final payment of principal,
<br />if rear soa~aer paid. txi the -~l"~ dac of ~lu'i3.- - 14 ?~.
<br />I;Nt~aar CLlYL~2AA•7'S- Borrtaarer and Lender covenant and agree ss follovrs:
<br />I- ~ > c~ Borrox°er shall promptl}• pay when due the prirx~ipal of and in-
<br />terrst oxr the iadebtecfaess t~ideaoed by the tiara, prepayment and late charges as proe,~sded in the Note,
<br />aexl tie principal of and iatgreit ~ nay Future Advant~s secured by this Mortgage.
<br />Z Frmds iaa Tma~ csned fie. Subject to Lender's option under paragraphs # and S hereof, Bor-
<br />rower shall pas to Lender can the dos awsthl}- iaatallirsessts of principal and interest are payable under the
<br />'~~ uats3 the Tote ~ paid its frsll, a Burn therrin "Funds"1 equal to one-twelfth of the vsarIy tales and
<br />its w~sit4t may attaus paicsrit}> over this lortgage, and grrnsnd rents on the Property, if wry plus
<br />oa~e,-taa'2ftls of yearly preraiam iastallmeats for hazard insurance, plus one-twelfth of yearly premium m-
<br />"'`:' ~ ~ ism imnirs, if as ,all as sxns+onably esiimateYi initially and from time to time by
<br />I.zndet tan #fhe basis of a3td b and reasonable estimates thereof. Lender shall apply the Funds
<br />~ f~ taxaa, a>0a~eaia, premiums and ground rents under shall make na charge for so
<br />~ t ar Ong and comp7ing said assessments and bills. 'T'he Lender shall
<br />!~ mad ~ ~ mrt aaauaT accounting of rise Funds showing credits and debits to the
<br />Y ~ tf~e atsae aecared bT tlyia debit to t2se Ftinds was made. The Funds are pledged as additional
<br />tgage. R~ Brirmwar agrees that the Funds may be held by the
<br />Lsadar all c1ed ~tfs ot~ f~ a~T the Leer's tees funds and the Leader rasj• pay suds items
<br />faa~ a~ t#re Lem aa~ be l~ faz' intenart or dividends ~ such Funds,
<br />]U ~ a ed t4ss Fe~de l~ bs I+~S, tom with ttu future monthly iisatallment~ of Funds
<br />! ~ d~ dater of ~ aaaraae0e~, prt~sitinss wad ground rents, shall exceed
<br />- ~. to aiuel ~, arar~#a, iseasraace ratm~ wad ground rents as they fall due,
<br />~.,' and ~ ~ ~s pronsptfy to $ormwer ar credited to Borrower on
<br />of If #ble aaaouat of #Ise pYu~ hNd by Leader shall trot be sufficient to pay
<br />~'•. ~ . frleUrarRY neat J nenta re they fall due; Borrower shall pay to Lender
<br />~y ~ to adtT[e t~ the ~s retthi.~ t-bitty c~vs ~te_rr ncstioe Lrnm Zander tt+ Bnrr!~wer
<br />` , ~ ~ alraIl, b3' an increeae is monthly installments of Funds required.
<br />r+eAa3+ Hre day ~rittsin the Fzmad aocoapting penad.
<br />1-ipsan pa}mot is full. of a1f a~ agcarred Try this Afortgage, I.etsder shall appl_r' Funds held as a credit
<br />against all thee.
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