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iNrilViuUAL
<br />DUE ON SALE
<br />OPTIONAL FUTURE ADVANCES
<br />SAVINGS FUND
<br />Foaa ~0. 720
<br />Loan Number__40b08_ _ 188_-_1___
<br />rro. er>~cn
<br />79-- ti lj 19 2 ~. M O R T G A G E
<br />TFIIS MORTGAGE, made and executed this ................&th......... day of .......Agri1..................... A.D.,
<br />19.._7.9.., between the Mortgagor, -....Michael..L,.. Harris. and--Bernice..F,.. Ha..y.TiS, ........................_._._.
<br />husband and wife, ,jointly .and_.each in their own__right, - -- .. ..-...
<br />of .Grand Island ,County of ........ Hall_ _..-,..,., State of - . N?.bkasLCa ...., 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 Lenders
<br />WITNfi99ETH: That the said Borrower for and in consideration of the sum of ..T13 si'NT.Y...fil6li'£-..-....
<br />......'~i19U,S.4\I?R...ANR_I<lRLZ0.0...-rr.---rr..---------------.-----..-..Doliats (US g-.2$,.OOQ.AO-_..------.........)
<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 ...Ball...__.-_.__......_........, State of Nebraska:
<br />Lot Five (5), Block Thirty-One (31), Packer and Ban's Second Addition to the
<br />City of Grand lsl.and Hall Cot>nty, Nebraska
<br />Tocsrwsa with all the improvements now or hereafter erected on the property, and a!i easements,
<br />rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and
<br />water stock, and all fixtures now or 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 of the foregoing, together with said propertg~ (or the leasehold estate in the event this
<br />Mortgage is on a leasehold} are herein referred to as the "Property".
<br />Borrower covenants that $orrower is lawfully seised of the estate hereby conveyed and has the right
<br />to mortgage, grant and convey the Property, that the Property is unencumbered, and that Borrower will
<br />warrant and defend generally the title to the Property against all claims and demands, subject to any
<br />easement$ and restrictions listed in a schedule of exceptions to coverage in any title insurance policy in-
<br />suring Lender's interest in the Ptoperiy, or ('?) attorney's opinion of title from abstract of title certifi€~l
<br />by bonded abetracter.
<br />P>tuvlnst+ AI:WAYS, and these presents axe executed and delivered upon the fallowing conditions, agror--
<br />m~tta and r€bliaaBorss of-the $errower, ro-wzt~
<br />Th~lnwer s~reaa to ~~ to flee bender. or order. the principal sum of .'>:wF~'?'1°X. I;.IGFtT..Tk141iSATID
<br />ADlS N4 144 .••.---.- ------------------ Dollarn L S 28.>.000..90. _... ..... }
<br />......... ...f ................... ....... . ................ .......... -- - .-- ( ~ .
<br />payable as provided in a note executed and delivered, concurrently herewith, the final payment of principal,
<br />if not sooner paid, on the .....--.~:ea...._........ day of _....--. r7ay._ ........ ... _.-... ~f-19_2009
<br />Utatt~nart CovaNeN'rs. Borrower and Lender covenant and agree as follows:
<br />1. pggAtaat of Prir;sipt[I amd tatanrata Borrower shall promptly pay when due the principal of and in-
<br />terest on the indehtedneae evidenced by the Note, prepayment and late charges as provided +n the Note,
<br />and the principal of and interest on any Future Advances secured by this Mortgage.
<br />~. >'uada fear 7autee and Iasuramev. Subject to Lender's option under paragraphs 4 and .: hereof, $or-
<br />rower shall pay to Lender on the day monthly inatalhnents of principal and interest ari: payable under the
<br />Note, until-the Note is paid in full, a sum therein "Funds") equal to one-twelfth of the ,yearly taxes and
<br />asaeRStrtenta which may attain priority over this Mart gage, and groune! rants on the i'n+Ix~rty, if any piu:+
<br />one-twelfth of yearly premium instajlmenG9 far hazard insurance:, plus one-twelfth of yearly pee?mium +n-
<br />atallments for mortgage insurance, if and, alt as reasonably estimated initially and from time to time by
<br />Lender on tits basis of assessments and buts and reasanabie estimates thereof, .ender shall apply the Funds
<br />to pay said taxes, aeua~aman~, insurance grertsittms and ground rants. Lender shall make no charge for so
<br />holding and applying the Funds or verifying and compiling said +4ssussments and hills. The Lender shall
<br />stye ro the Borrower, without charge, sn annual arc~ounttng of the Fonda showing crtxiits and detritx to the
<br />Funds and the purpose for which each debit to the Fonda was made. The Funds am pledged as additional
<br />security for the sums secured by this Mortgage. The Borrower agrees that the Funds may be held by the
<br />Lender and commingled with athor funds and the Lender's own funds and the Lendex may pay such items
<br />from its own funds and the Lender shall noL be liable for interest or dividends on such Funds,
<br />_ _
<br />If the amount of the Funds held by bender, together with the future monthly installmennts of Funds
<br />payable pzior to the due dates of tales, asaesstnents, insurance premiums and ground rents, shall excess]
<br />the dmouht requited to qty said taxes, aaadasmenta, insurance premiums and ground rents as they fall due,
<br />such, exc~ae-shall be> at Barrowtar'a-option,. either promptly ropa~d to Borrower or credited to Borrower on
<br />monthly inatalitnen#s of fronds, if the amount of the ~r-ds held by Lender shall not be sufficient to pay
<br />taxes, assessments, ur$urance premiums aAd $zouncl rents as they fall due, Borrower ~thall pay to Lender
<br />any amount neees~aryL to a3ake up the deffciency within thirty days after notices from Lender to Harrower
<br />requesting paymeni tnereof; "sr Borrower shall, by era ine~t~ in rnonthiy in.,tallmenta c+f Fonda .~ciuir~t,
<br />repay -the deficien~3 witlrht t F'u-nd acc~urtissg rirtd.
<br />Upon payment in ful) at ail sums assured by this Mortgage, Lender shall apply Funds held a:a a rtt•clit
<br />against all sumea due:
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