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<br />L~11~l.iV
<br />?s_ vt~ 1717
<br />INDIVIDUAL
<br />DUE ON SALE
<br />OPTIONAL FUTURE ADVANCES
<br />SAVINGS FUND
<br />FORM No.720
<br />Loan Number__44Z34___ _188__-__1__
<br />ryoe Brorcn
<br />MORTG~4GE
<br />TIiI3 MORTGAGE, made and executed this _.--.....v.~rf...__.....-.. day of ....-~?~~~_...-.-.--..._- A.D.,
<br />19.-.1~., between the Mortgagor, ...Mat:.thew..iei.-..Hoffman..and-.Sandra-.R.-_H.offman,.-.husband.-and.._.-
<br />-..-x~~-..e~..jointay, and--each-in-.their-owq.right,.-.-.._-.-.._ ..............- ---..-.... --------...--.-.._.........._.......
<br />of ..-_-Grapd,-Island-.-__-, County of -_.-Hall-_-___--....__...., State of ..>3ehzaska_...-.., 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 />WITNE3SETI~I; That the said Borrower for and in consideration of the sum of ...TItlRTX--S]:X.-TAOIISAND
<br />...:SIX. AUi~l;}RED. FIFTY-AND- NO/ 100-------------.----------Dollars (US ~._~6~ 650.00....-------------)
<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 .............................. State of Nebraska:
<br />LQt Thirteen Cl3) , Forster View Subdivisirn~, in the City of Grand Island,
<br />Hall Cotatty, Nebraska
<br />TocE•raaa with all 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 stock, and all fixtures now o: hereafter attached to the property, all of which, including replace-
<br />ments and additions thereto, shall be "deemed to be and remain a part of the property covered by this
<br />Mortgage; and all cf the foregoing, together with said property (or the leasehold estate in the event this
<br />Mortgage is on a leasehold) are herein referred to as the "Property".
<br />Harrower 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 claims and demands, subject to any
<br />easements and restrictions listed in a schedule of exceptions to coverage in any title insurance policy in-
<br />smiag Lender's interest in the Property, or {2) attorney's opinion of tine from abstract of title certified
<br />by bonded abstracter.
<br />PapVIDBD ALWAYS, and these presents are caseated and delivered upon the f~ilowing conditions, agree-
<br />ments and obligations of the Borrower, to-wit:
<br />The Borrower agrees to pay to the Lender, or order, the principal sum of --..THIRTY-SIX._TH4IIS9PID--
<br />----fil$_1111:iA.RED..PIFT7C..AN4..N0/14Q---.--~.'-------------Dollars (US S-....3~ts6-~0.9Q.-..._.--.----)
<br />..- - -
<br />payable as provided in a note caseated and delivered, rnncurrently herewith, the final yment of principal,
<br />if not sooner paid, on the ._...~~~.,~t......-.... day of .-AP?:1____..-.--.__.-._.....----> ~_2
<br />IItiIFOSM CovexANrs. Borrower and Lender rnvenant. and agree as follows:
<br />1. Payment of Principal sad 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 />and the principal of and interest on any Future Advances secured by this 14fartgage.
<br />2 Funds for Taxes sad Insuraaze. Subject to Lender's option under paragraphs 4 and 5 hereof, Bor-
<br />rower shah pay to Leader on the day monthly instalhnent3 of principal and interest are payable under the
<br />Note, until the Note is paid in full, a sum {herein "Funds") equal to one-twelfth of the yearly taxes and
<br />amts which may attain priority over this bfortgage, and ground rents on the Property, if any plus
<br />one-twelfth of yearly premium instalimeats for haTBrd 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 an the basis of assessments aid bills and reasonable estimates thereof, Lender shall apply the Funds
<br />to pay said lases, assessments, insrtrsace premiums and ground rents. Leader shall make no charge for so
<br />holding sad applying the Funds or verifying and compiling said assessments and bits. The Lender shall
<br />gives tti the Borrower, without charge, an annual accounting of the Funds showing credits and debits to the
<br />Funds sad the purpce:e for which each debit to the Fnnds was made. The Funds are pledged as additional
<br />security far the sums seeared by this Mortgage. The Borrower agrees that the Funds may be held by the
<br />Treader and- commingled. with other funds and the Lender's own funds and the Lender may pay such items
<br />from its own funds atxl tbe Leader shall not be liable for interest ar dividends on such Funds.
<br />l!,f the atn€ttmt a# the Ftsacls held by I,e~er, together with the future monthly installments of Funds
<br />payalsie prior m the due:dstza of fazes; amessDnents, insurance gremimns and ground rents, shall exceed
<br />- .the a~rmt.required tc~pay said tares, arnertts, insurance premiums and ground rents as they fall due,
<br />sash excess shall be, at Boirz+ovrc~'s option, eitfier promptly repaid to Borrower or credited to Borrower on
<br />` moatktly. installments of Funds, If the amount of ~e Funds held by Lender shall not he sufficient to pay
<br />' des, satt-ents, uu4urance premiums=arnl ground rents as they fall due, BOITOwer shall paV to Lender
<br />sag amonat A'Y to make up the defi~icy witfi'sn thirty days after notice from Lender to Borrower
<br />requesting payment thereof, ar Borrower slash, by an increase in monthly installments of Funds required,
<br />~- repay We defieiepey within the Fend acaa>unl3ng period.
<br />Upon paymentin fnIl of all sums secured by thfs Mortgage, Lender shalt apply Funds held as a credit
<br />against all sums due.
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