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<br />1IN[bt9~'i1170I~L,
<br />GUS C>F# "SAL.',
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<br />€ae~ wa. r~
<br />l.cen Number------------------ -----
<br />Ty~ Orth«
<br />79- x01279 6N{ C~ R T ~ i4 G ~
<br />THIS MORTGAGE, made and executed this -.-----5th-----.--.---.... day of .-..F-ebzuary__--------------. A.D.,
<br />19..72.---, between tbe Mortgagor, .-.HARDWAkE--I.AND°.CO-,._OF....ISLAh~:--LTIS.------•-•-•-•-----------------------
<br />. - ...
<br />of ... Grand island Couaty of ..._Hall--.-- -°- -----------., State of . Nebraska. hereinafter referred
<br />to sa 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 />~I?NE49ET'H: Tha the said Borrower for and in consideration of the sum of ..-Sin Hundred_Ttirentq
<br />---•-•-
<br />_~____~~_~_____ 620 000 00 ---- }
<br />Thousand an No 00- •------------••---•--•---•---------------------------------Dollars (US b--------•'-•-----'----------------._...
<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 Court-, of --- Hall.-.--• .- State of Nebraska:
<br />SEE ATTACHED ERHIBIT A.
<br />Tocszx$a 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 />watts stock, and all fatales now or hereafter attached to the property, aH of which, including replace-
<br />ments aid additions thereto, shall be deemed to be and remain a part of the property covered by this
<br />Mortgage; and all of the forgoing, together with said property (or the leasehold estate is the event this
<br />Mortgage is on a leasehold) 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 />to mortgage, grant and convey the Property, that the Property is unp*~+t~*+bezed, and that Borrower will
<br />warrant and defend generally the title to the Property against all claims and demands, subject to any
<br />eats and restrictions listed in a schedule of exceptions to coverage in any title insurance policy in-
<br />slrring Lender's intermit in the Property, or (2) attorney's opinion of title from abstract of title certified
<br />by banded abstracter.
<br />PaovlDan ALWAYS, and these presents are executed and delivered upon the following conditions, agree-
<br />ments and obligations of the Borrower, to-wit:
<br />The Borrower agrees to pay to the Lender order, the principal sum of ..-°--_--_---------------_.__--_-_ ----
<br />Six Hundred Twenty Thousand and No/~~r0 ---------- ~~ {US $..b20.000.00
<br />payable as provided in a note e-orated and delivered, concurrently herewith, the final yment of principal,
<br />if not sooner paid, on the .--first------------- ~y of __-----December-------------------- ~.-2000
<br />Uxuroant Covsxnrns. Borrower and Lender covenant and agree sa follows:
<br />1. Payment at PriaeipaI sad Intetast Borrower shall promptly gay when due the principal of and in-
<br />terest on the indebtedness evidenced by the Note, prepayment and late charges ae provided in the Note
<br />2 Fvads for Taxes sad Iffiuraaea. Subject to Lender's optics under paragraphs ~ and 5 hereof, Bor-
<br />rower shall pay to Lender on the day monthly installments of principal and interest are pa3able 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 />asseasrnenta which may attain prion'ty over this Mortgage, and ground rents on the Property, if any plus
<br />one-twelfth of yearly premium i~tallments for harard insurance, plus nne-twelfth of yearly premium in-
<br />atafhnegrts for mortgage insurance, if an ,all as reasonably estimated initially and from time to time by
<br />Lender on the basis of asressmerrts and bills and reasonably estimates thereof, Lender shall apply the Funds
<br />~ PaY said tazea, eta, inaurarrce premiums and ground rents. bander shall make no charge for sa
<br />holding and applying the Funds or verifying and compiling said assessments and br11s. The Lender shall
<br />aoc Borrower, wrthout ~@, an anrrual accounting of the Funds showing credits and debits to the
<br />aeetaity for the ~ secured, by tbla debit to the Funds was made. The Fonds are pledged as additional
<br />Lender sad wmmingled with ot~rr fumb~ I,ender~own fun~~ and tl-e Lender may bey~d by the
<br />fream its a7rcr funds and the Lander shall not be liable for interest or dividends on such ~ y such items
<br />_ If the s~mamrt of the Fug Iseld by L+~lar, together with the future monthly installmedntss of Funds
<br />l~Yabts psior' iw the due Batas of la=ss, assesemaents, insurance premiers and gramd rents, shall exceed
<br />eta ~t 4~- atatss, sasee~I~tle, insurance gr+emiu~ and groand rents sa they fall due,
<br />_ be, at a either promptly zapeid to Borrower or credited to Borrower on
<br />- montlrly in$talhnenta of Funds. If rile amognt of the Funds held by Leader shall not be sufficient to pay
<br />razes, saaesrntenAts, insurance premiums-and ground rants as they fall due, Borrower shall pay to Lender
<br />any amt srY to make up the wrtlrin thirty days after notice from Leade_* to Borrower
<br />requesffng payment the~f, or Hw an incrr-ass in monthly inataLments of Funds :~e4~r'~•
<br />repay-the defieemrcy within the Fund acxouuatirrg period.
<br />Upon ~~°-t in full of aec~rred by this Mortgage, i.enaer shall apply Funds held as a t
<br />against aU snms due.
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