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INDIVIDUAL
<br />DUE ON SALE
<br />' OPTIONAL FUTURE ADVANCES
<br />SAYINGS FUND
<br />Fonts No. 720
<br />Loan Number__~_____
<br />~~~ 4b2 _-----?~ - --
<br />- - - TyD2 Branch
<br />79-UU1688 M~R~'GAGE
<br />T IS MORTGAGE, made and eaecuted this ..._._.. ~7....-...-._. day of _. ~!~'`'`~ .................... A.D.,
<br />i9-.~~, between the Mortgagor, ._.~Rabert--D...Fox-_anc?.,I~rjorie. A.,..,F'px,.-hwst;and-and.-vrife.,_.,..-.-.
<br />°,---~oint3,Y..and, each. in their,.own_right,- ------------ .....--..-°--
<br />af _-Grand- Island...-.-._-, County of ..... x~u _......_ .............. State of .Nebraska... _.--., 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 bender.
<br />Wr:'rT><sssrx: 'That the said Borrower for and in consideration of the sum of SEVENTY THOUSAND,
<br />.ANIJ_-N011~---------------------.----.-----------.---'-----Dollars (US ~ 7J,ODUJ.i?0.. - - - -- ....)
<br />paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br />following described property Iocated in the Connty of -_.-.....ham-t_ ...............__...., State of Nebraska:
<br />Lot Five (5) in Block Three (3) in the Replat of Riverside Aeres an
<br />Addi~,°ion to the City of Grand Island, Hall County, Nebraska
<br />Toca'rrttFa with all the improvements now or hereafter erected on the property, and all easements,
<br />rights, appnr'tenances, 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 />arenta and additions thereto, shall be'deemed to be and remain a part of the property covered by this
<br />Martgugae; and aU of tiie foregoing, togethez with said propert._r• (or the leasehold estate in the event this
<br />Mortgage is on a leasehold) are herein referred to as the "Property".
<br />Bormw~r 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 Properly is unencumbered, and that Harrower Hill
<br />ararratrt and defend generally the title to the Property against ali claim, 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 banded abstracter.
<br />Pcof'taaa rlttreYS, and these presents are executed and delivered upon the fol.~wzng conditions, agree-
<br />azearts and obligations of the Borrower, to-w•st:
<br />The Borrower agt'~ to pay to the Lender, or order. the principal sum of -~?'>~ ~t(r?CiSAAID.AHI?..
<br />.00
<br />Al~?EQC3---w=---------------------°-.-----°---.------f7ollars {US 5..~~s?. ..._... - .. - )
<br />PaBable as provided in a note eaecuted and delivered, carsccrrc-ratty herewith, the trnal~ayment of principal,
<br />if oat sooner paid, on the .. ~.rst__---------- day of . _ Apr31 - ..... 1}b 2~c~o
<br />Llxtrrolsat Cov£xw.v't's. Borrower and Lender covenant and ague as follows
<br />3. meat of PradpaI and Iateaest. BatTOaer shall promptly pay when due the principal of and in-
<br />terest an the indebtedneres etiidenced by the Note, prepa~~nt and la#e charges as pn}~-ided in the '_~ate,
<br />s_nd principal of and inferrer an any Future Advances s~-rr_*ed by this Mortgage.
<br />Z Femida for loxes and Iaeuraae®. Subject to Lenders aotian under paragraphs f and .; hereof, Bor-
<br />rower shall pay to Lender on the day monthly installmeuts of principal and interest are payable under the
<br />Nate, until tbe Note is paid in full, a sum {heroin "Funds"? equal to one-twelfth of the tiearh• taxes and
<br />its which may attain griority aver this bfartgage, and ground rents on the Property, if an}~ plus
<br />ona•twelith of yearly premium installments far hazard insurance, piu-s one-twelfth of yearly premium m-
<br />staIlments far mortgage insurance, if anp, all as rea_aorrably estimated initialh° and from lime is time by
<br />Lett on tare psis of a_ents and bells and reasonable estimates thereof, Lender shall apply the Funds
<br />t+s pay soul tasea, ta. ~rrance premiums and ground rent_R. under shalt snake na charge for so
<br />h and ap~yis,g the Funds or verifying and eampiling said assessments and bills. The Lender shall
<br />e m the ~, withemt fie, sn annual aoeounung of the ~`unds showing credits and debits to the
<br />Fttads stnd the f-utpoae for which eac3t debit to the Fonds was made. The Funds are ptcdged as additional
<br />far th+e , secured by this Mortgage. The Bomawer agrees that the Funds may be held by the
<br />I.ttrtt'Ica sad ~ sith other i amd the Leader's awn fonds and the Lender may pay sorb items
<br />ftxian its vwn funds anal flee Leodesr shall rat be liab~ far interest or dividends on such Funds.
<br />~# ~ swtsmo ~ t3re Ftmds held h3r i+~rtler. together with the future monthly installments of Funds
<br />~ Fes' to fhta doe d+ttes of fazes, as!seaamenta. irssurana presanittms and gtmmd rents, shall exceed
<br />suit rsst~y®sred to said tsr~sy iatsurarae premiums and grotmd rents as they fall due,
<br />sltitll:be, at~a opt9ae, eitlrws pzompt]y r+eg~id to Borrower or credited to Harrower on
<br />of Farads;. If tta amount of Ehe Funds held by Leader shall oat be sufl5cient to pay
<br />tassPa, iusuratxe't>u>~ acid ~raund rents as they fall due, Borrower shall pay w Lender
<br />say ami+aat neee$sary ttr malts uP the d~dency wlthlrr thirty days after notice from Lender to Borrower
<br />requesting ynaaeat thereof, or $orrowQr shalt, by an increase in monthly installments of Funds required,
<br />repay the t~cy within the Fiend accounting period.
<br />t7port gayirrnsst in full of all aurae secured by this Mortgage, Lender shall apply Funds held as a credii
<br />against aA sums due.
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