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INDIVIDUAL
<br />DUE ON SALE
<br />OPTIONAL FUTURE ADVANCES
<br />t~p~~ SAYINGS FUND
<br />~'~! ~~ Fowr~ No. 720
<br />(~ Loan Number_ 4015Q___~_ I88 _-_ i___
<br />. 7roe e,mcn
<br />79-~(~i7~~ MOR~G/AGE
<br />THIS MORTGAGE, made and executed this ......_. -j/ ............... day of .----?~~~'c`~-.-..------.-.--- A D-,
<br />13..-~1..., between the Mortgagor, Aauiel..L,..-Journey.. and-.Nancy M. Journey, husband and wife,
<br />_..jointly__aad._each-_in_ their..owq.rig~ht
<br />of .~Zz'.~.n..d..Island..-........_, County o# .H,all...._.-....-.._..-........, State of ....Neb7caak~.._...-, hereinafter referred
<br />to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br />LI;IGOLN, 2235 "N" Street, Lincoln, Nebraska ii85cJl, its successors and assigns, hereinafter referred to
<br />` as Lender.
<br />Wrrxssss^rx: That the said Borrower for and in consideration of the sum of 'NTY--.(rIt;AT-'£HOi~SAND
<br />_~--TiIINBRED_1<,IFTY__AND_NO(100----.----------,--------DoL'ars (US $_2$,-~5Q,00-.-..--------------)
<br />paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br />fol~w*ing described property located in the County of ---Hall-----------------------.--.---., State of Nebraska:
<br />The Northerly Sigty-eight (6$) feet of Lot One (1), Block Twelve (I2), Gilbert': Second
<br />Addition to the City of Grand Island, Hall County, Nebraska
<br />Tveatrxssc with all the improvements now ar herea#ter erected an tbe property, and ell easements,
<br />rights, appurtenances, rears, royalties, mineral, ell and gas rights and profits. water, water rights, and
<br />mater stock, and all fiztures now or hereafter attached to tlaP property, all of which, including replaces
<br />mesas and additions thereto, shall be Seemed to be and remain a part of the property covered bg this
<br />Mortgage; and sll of the foregoing, together with said property (or the leasehold estate in the event this
<br />Mortgage is on a leasehold} are heroin inferred to as the "Property".
<br />Bor:+uwer tnvenants that Borrower is lawfully seised of the estate hereby cronveyed and has the right
<br />to mortgage, grant and convey the Property, that the Property is unencumbered, and that Borrower will
<br />waaraa#t and defend generally the title to the Property against all claims and demands, subject to any
<br />eaaearwats and restrictions listelt in a schedule of exceptions to coverage in any title insurance policy in-
<br />suring Lender's interest in the Property, or {2} attorney's opinion of title from al~tract of title certified
<br />by haasded abstracter.
<br />Psovrnsu As-wevs, and these presents are executed and delivered upon the follow.-ing rnnditions, agree-
<br />ments and obligataorss of the Borrorocer, tv-w3t:
<br />The Borrower agrees to pay to the Lender, or order, the principal sum of ._'1~Y.-It;G~-.'~~QV-$ANf?
<br />--..~--~ED_FIF3'Y-ANn_NOIIUU--------------'---~allars ttS S-.._28-,54..00_.-.------J
<br />psyafale as provided in a Hate ezecuted and delivered, concurrently herewith, the final payment of principal,
<br />if ~ eaorrer paid, oa the -_--First_ -- .. -- day of .. -April ..-.. ,~-2{l~
<br />isvtt+rrsu Cavex.~~vrs. Borrower sad Lender covenant and agree as follows:
<br />L fit of Fdnzipal and faferest. Harrower shall promptly pay when due the principal of and in-
<br />tes+est aai the iade$tedness evidenced tsy the Notes prepayrnent and late charges as provided in the ?rote,
<br />sad the principal of and interest on any Future Advances secured by this'ofortgage.
<br />Z Farads for Tmcea oad Subject to Lender's option under paragraphs i and 5 hereof, Bor-
<br />rvwer shall pay to I.rrzder oa the der month!}• installments of principal and interest are payable under the
<br />Note, arat8 the `Sore is paid is full, a sum :herein "Funds"l equal to one-twelfth of the yearly rages and
<br />is s~hiu amy attain priority aver this Mortgage, and ground rents on the Property, if any plus
<br />asst-twe~th of yearfy prwnriaam iastaIlmeats far harard insurance, plus one-twelfth of yearly premium in-
<br />sta#lmmts for mortgage irssa~snce, if any, all as reasonabh~ estimated initially and from time to time by
<br />Lem oia the basis of amd tu-1}s sad reasonable estimates thereof. Lender shall apply fire Funds
<br />~ Pay tazaa, premiut~ and ground rents. Lender shall make no charge for sa
<br />&~ ~~ the €rrnnds ar a~ifymg and rnmpiting said asseasnaents and hills. The Lender shall
<br />to the $orra»ves, sri#ht-art c6srg+e, as ans-ual accounting of the Funds showing credits and debits #o the
<br />sad the purpose ~ which esrh dabdt to the Farads was made. The Funds are pledged as additional
<br />saotuity €as the sums seeurad by this Mortgage. The Harrower agras's that the Funds may be held by the
<br />!::sodas' asxl aeit}r ot3trer iiusds and tlm Lender's own funds and the Lender may pay such items
<br />fsom its-own funds amt ~ header sha3 oat be liable for interest or dividends on such Funds.
<br />~ ~ ~ 3~aracls head h9 Lassddr, togetirez with the future monthly installments of Funds
<br />f~~x fi» is fdra tLe d d tea, eta, insurance pa~eminnss and ground rents, shall exceed
<br />~ aaasraat roSf ~ said tasBa, aaeaete, inwrraace premiurrrs and ground rents as they fall due,
<br />satCh es~s adtrtll be, at ~a ~, either promptlp repaid to Borrower or credited to Borrower an
<br />of f~tmde. If amoant of the Fanids held by Lender shall not be sufficient to par
<br />~ ~. irwurstnoe groaad rears as they fall due, Borrower shall pay to Lender
<br />~F aima~t ' to awake nap ifte d~y within thirty days after notice from Lender to BarroWer
<br />~~ tof, ar' Iiaa't+rnset X11, by sn increase in monthly installments of Funds required.
<br />'° ~ z ~'~''r '~'- n'iuTr a~2~is6rzg- pe~Ud.
<br />Upon ixtyment in full of aD sums secured by this Mortgage, Lender shall apply Funds held as a credit.
<br />against sll soma duo.
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