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INDIVIDUAL
<br />DUE ON SALE
<br />OPTIONAL FUTURE ADVANCES
<br />SAVINGS FUND
<br />t'onr~ Ho.~ao 40845-- 188 -1
<br />Loan Number------------- Ty,~-----e-.a~<~
<br />79-u~175~7 MORTGAGE
<br />THIS MORTGAGE, made and executed this --.---.-30~-.---...-..- day of .--.-.-'~h ..................... A.D.,
<br />19:7~-..-, between the Mortgagor, .An-_Dean--Richardson-.and Mary, Ann- Richardsonx----------__..-,---.-_......
<br />husband and wife jointly and each in their own-_ri-ght-,--_----------- ..............................
<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 ASSOCIATION OF
<br />LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter refereed to
<br />" as Lender.
<br />Wi•t2rssssrx: That the said Borrower for and in rnnsideration of the sum of ..-TWENTY...THHRE........--
<br />- -.-.-.-..~'t4lJ8~iD. FQIJR. ~ZRil?REP. FIF'T~_.41NA.I`iQ/1.OA-..-c----r_r..-Dol',ars (LTS g-23.,4.50_DO-..----------------)
<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 ..--..--.-lief]...--.----------......, State of Nebraska:
<br />Ls#: St3eert (7) , Block Thirty-Three C33) , in the Original Town, now Citq of Grand
<br />Tslanrl, Hall Cotrtty, Nebraska
<br />ToGS`FABY with all the improvements now ar hereafter erected on the property, and all easements,
<br />tights, appurtenances, rents, royaltres, mineral, oil and ens rights and profits, water. water rights, and
<br />water stock, and all fiztntes now or hereafter attached to the p*operty, all of which, including replace-
<br />meats and additions thereto, shall be deemed to be and remain a part of the property covered by this
<br />M~tgage; and all a# tl~ foregoing, tagethex with said property (or the lea~hold estate in the event this
<br />Mortgagee is on s leaseiwid) 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 />is mortgage, grant sad 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 snd restrictions listed in a schedule of exceptions to coverage in sny title insurance policti in-
<br />Iesder`s atferest in the Property, or (?? attorney's opinion of title from a>~trxct of title certified
<br />by bosdea abstracUe~r.
<br />Psovtn~ AtWAFS, and these presents are a:scored and delivered upon the following cronditions, agree-
<br />ments and obligati of the $onaxer, to-stzt:
<br />The l3arxawer agrees to pay to the Lender, or order, the principal sum of - TYlI3tITY -Tl~tF.E.. Tflt)1fSAND
<br />.-.-...._SI>!#DBF~II-_FZF~Y_~fitl2-~?ll~._-c_--~---_..--..----- .Ddlars iL'S ~-.23.45f2.-(IQ----_ . _ .-.-.)
<br />pey-aitle ~+ P in a ante a:ecnted and deliti}errd, cvnncurrenth• herewith, the final ~ycnent of principal,
<br />i# ~ Paid, on the _..-..first---_-- -day of .- ~I?r3. .... . I9r2.~}
<br />I.Tr~rrast+ Coveaa.+ars. Borrmrer sad Lender crovenant and agree as #olla~ws:
<br />L AaYmant a! aed bsie:~. Borrower shall promptly pay Rhea Clue the principal of and in-
<br />t€t on fire =--,.~,:~~, esid~d b3 the'vote_ prrpasrnent oral lets charges a_a Pmvrded m the Nate,
<br />amt the principal of and interest ~ any Future Advances secured by this'tfort~ge.
<br />t Ftasds far Taxes sad losaraoan. 3nbjeet to Lender"s option under paragraphs A and 5 hereof, Bor-
<br />rawRS siaeli pay to Z,ender oa the day monthly installments of principal and interest are payable tinder the
<br />N~ trsnl the ?vote is paid in fall, a strm {herein "Funds"f equal to one-twelfth a# the yearly taxes and
<br />erhiclt may attsin pity over this l4fortgage, sad ground ants on the Property, rf env pins
<br />one-##hh of y~rly pa+~~trm imttallmeots for barerd instuartre, plus one-twelfth of yearly premium in-
<br />atsilraesta ice, it arry, all as reasonably estimated initially and from time to time by
<br />Lander eat flee ) of assetasmea~ atmi bs~ and reasonable estimates thereo#, Leaden shall apply the Fnnds
<br />to ltay said taxes, i~nsac+e premiums and ground rmtts. Lender shall make no charge for Fo
<br />eyed mppaying tare Ftaeds ar ~urifyarg and competing asul assessments and bills. The Lender shall
<br />tie lire Brtrr4ea~ witlwtn't = an amrtrttl arcrotmtiag a# the Funds showing cs~eriits and debits W the
<br />aexl ties patrpose for wlrirh each debit trt flee Fnnds assn made. Tate Fnnds are pledged as additional
<br />net forr flee szesa aged by tlds 146c~tgage. The Btuxaweir agrees that the Funds may be held by the
<br />s~ ether fo34ds and E}ee Lrr€der'a orva forma and the Lender may pay such iterrte
<br />- a®d ~e Iats~cies r~ be iiaiide irri~t err dividends on such Fonda.
<br />~# firr ata+aeaa$t of Sire ~ by ieodar= ta~ther svif3t the future monthly installments of Furrda
<br />ptzor #i #3+e dne daf++~ ~€ , imsonenoe pre~imas and gratmd rants, shall ezcx~d
<br />~ ~ seta; P~~ and ground rents ss they fail dne,
<br />- is .$wrrower or credited to Borrower on
<br />amrii;s -b~ ag. s apitirte, er+~ ley
<br />of .Flmds, jf the art of ~ P'~da by Lender shall not be sufficient to pay
<br />• ~; ~ ajsd grne~rd yenta sa -they fall due, Borrower shall Pay to Lender
<br />~ amt aee+srosp fa arsine >~ tbei mey wa3bir- thirty days after notice fttrat Lender to Borrower
<br />tngtt~g ~ flreteof, er tioeno+eer abaci, by as increase in monthly installments of Funds required,
<br />~9 fey hem €he T€~otiatta~ Pesiod-
<br />tlpcat Payment is ftxil of affil sty seetmed i~' f3ds Mortgage, Leader shat! apply Funds held as a credit
<br />s mil ~~ due.
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