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iNDiV1DUAL
<br />DUE ON SALE
<br />~~ OPTIONAL FUTURE ADVANCES
<br />SAVi1VGS FUND
<br />FORM No. 720
<br />~~~giiF.•~~•~~~~~~~,~',###~~''7~~~///""rrr"'iii~~~~~~V"'//iii~~~LL~L Loan Number___40534__-__L88_`__1__
<br />Typt Brand
<br />79-~U192~ MOF2T~GAGE
<br />THiS MORTGAGE, made and executed this ....._..6th.._.._......... day of ........April........-_........ A.D.,
<br />19.....29., between the Mortgagor, ...Banita_F.....Crosby.,...a..single...getsott,--....------.....--------....-._.......--.--
<br />of ...Grand-.Island------.---, County of ..........'~all.,._ ............... 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 Lender.
<br />WITNE3SETH: That the said Borrower for and in consideration of the sum of ...NINE. T13QIISAND..AND
<br />...-N4/.200...~-~--~------r„~~.,~--.----------------~-°------Dollars (US $ 9,ODQ..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 />Lot Four (4), Block Thirty Nine (39) in Packer and Bart's Secald Additia- to tl~
<br />GYty of Grand Island, Hall Cotazty, Nebraska
<br />TOGETttEa with alt 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 alt fixtures now or hereafter attached to the property, all of which, including repiace-
<br />tnents and additions thereto; shall be deemed to be and remrin a part of the property covered by this
<br />Mortgage; and all of 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 />Borrower rnvenants that Borrower is lawfully seised of the estate hereby conveyed and has the right
<br />to mortgage, grant and convey the Property, that the Propezty is unencumbered, and that $arrower 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 />suring Lender's interest in the Property, or (2} attorney's opinion of title from abstract of title cezti5ed
<br />by bonded abstracter.
<br />Pac~vloau AtwAYS, and theme prints are executed and delivered upon the following rvinditoas, agree-
<br />ments and obligations of the Borrower, tc-wit:
<br />The 1`3orrower agrees to pay to the I~nder, or order, the principal sum of .NINE..T]iL1lISAND--AND.-
<br />-- - -
<br />..>ffl~lflti r «sr- .---. --- ^~------------------------~a-lars fU5 S2.~9Q9...f2Q....... -t
<br />payable as provided- in a Hots executed and delivered, concurrently herewith, the final payment of principal,
<br />!f not sooner paid, on-the .......ls.'~ .............. day of ...._ _...A,px~l.. . _ . _.__., >?cx...2Q04
<br />Uivct*ox[,r Govaxnxxs. Harrower and Lender covenant and agree as follows:
<br />1: IltaYmttat of f?rm+~pal mad k-t*r~t. Borrower shaft promptly pay when due the principal of and in-
<br />terest qn the indebtedness evidenced by the Note, prepayment and late charges as provided in the Nate,
<br />ttnd the pritNdpal of and interest on any Future Advances secured by this Mortgage.
<br />;t. 'Z~ada far lees and ~er+. Subja4t to Lender's opfion under paragraphs 2 and 5 hereof, 13or-
<br />rawer shall pay !o bender oa Hatt day monthly installments of principal and interest are payable under the
<br />Note, until. the Nate is paid in full, a sum (herein "Funds"l equal to one-twelfth of the yearly taxes and
<br />aeseaetttenfa which tnay attain prisrity aver this Mortgage, and ground rants on the Property, if any plus
<br />one-twelfth of yearly pr~nium u>stallments for hazard insurance, plus one-t:wellth of yearly premium in-
<br />stallments for mortgage insurance, if an~r, all as reasonably estimated initiall}= and from time to time by
<br />Lender on the basis of assesamenta atad hilfa and reasonable estimates thereof, Lender shall apply the Funds
<br />to pay said taxes, a0®°.m.: an#a, insurance premilarns and around rents. Lender shaft make no charge #or so
<br />holding and applying the Fiar-ds or verifying and compiling said assessments and bills. The Lender shelf
<br />vs ~-the $orrower, without chaege, an annual accounting of the Funds slowing credits and debits to the
<br />ds and the purpose for which each debit to the Fonda was made. The Funds are pledged as a<lditional
<br />secetrity-far the sums secured by this Mortgage. The Harrower agrees that the Funds may be held by the
<br />Landes and commingled with other funds acid the Lender's awn fiends and the Lender may pay such items
<br />fmm ifss own. funds. and the Lender shall not be fiable for interest or dividends on such Funds.
<br />I;f the ammFauat of the Funds held by under, tepgether with the future monthly installments of Funds
<br />gayabla plriolt' to tdxe-due dates of taxes, aasetasments, insurance premiums and ground rents, shalt exceed
<br />tlae amount raquirad to sped taxes, aesesetnents, insurance premiums and ground rents as they fall Sue,
<br />such- execs shall be, at Bprrower'a option; either promy repaid to Borrower or credited to Borrower an
<br />monthly insftallanents of lhmds. If the amount of the ands hefd 6y Lender shall Hat be sufficient to pay
<br />tease: pssessme~tts: i~ premiums-snd gxtuad teats as they fall due, Borrower stroll pay to bonder
<br />atay'am©urt neeeseary tt, hrak® up the dedeipncy within thirty days After notice from Lender to $orrower
<br />regetiY,g~ yment tlraraof; or Harrower shall; by an increase fn monthly installments of Fimds mquirad,
<br />ray thn ste<rrcientiy wits the t{'urrd acting p~-iod:
<br />Upon payment in full of all sums secured by this Mortgage, Lender shall apply Funds held as n credit
<br />against all auras due.
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