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<br />79- ~rU~9~'2
<br />INDiY11~UAL
<br />DUE 4N SALE
<br />4PT14NAL FUTURE ADVANCES
<br />SAYINGS FUND
<br />Fortnr No. 720
<br />Loan Number___44g34__-_7$$__`_1___
<br />Type B,ar:ch
<br />M O R T G A G E
<br />THIS MORTGAGE, made and executed this __-.......-~ ............... day of .._...AjP.^°~~..__.._..._.... A.D.,
<br />19..7Y...-„ between the Mortgagor, ... Gary._>{....Naardam..and._Susan..M.._~taozdata,..huaharad..and..wife..
<br />....~o.latex..and..~ac~i..i.r~...tkt~f x..- own.. righx ... . ........ . - - .....___._...-...._..........-...........--- -- ...........----•---.._.
<br />of ...._Grand-.Island-.-----, County of ..._....Ifall.,-_,_------------- State of _._Ntrbx:aska...-.-, hereinafter referred
<br />to as the Borrower, and the Mortgagee, FIRST FEDERAL S.~:VINGS A1VD LOAN ASSOCIATION OF
<br />' LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to
<br />es Lender.
<br />WtxN>:asxTx: That the said Borrower for and in consideration ~f the sum of .__w~ai%t.-.acxsav..........
<br />ii4V?tiiYlF..Ctiiffa'...HUNDR>€,A..A>•IP..N9.Llt)0--.---------------.-Dollars(US5...4.Z..&QO...OQ..._..... -
<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 1tae~ctty (20) and the Westerly Eighteen Feet (CJl8') of Lot Tti~ertty-(kte (21) , Block
<br />Ttao (2), Parkhill Subdivision, an addition to the City of Grand Island, Hall
<br />Ctnaity Nebraska
<br />TocErxES 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 />water stock, and ail fixtures now or hereafter attached to the property, all of which, including replace-
<br />ments and additions thereto, shad be deemed to be and remain 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) err 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, gaunt 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 demantLs, subject ko any
<br />easements and restrictions licked in a ~chrdule of exceptions to coverage in any title insurance policy in-
<br />suring Lender's intorest in the Property, or {•,~,) attorney's opina~n of title from abstract of title certified
<br />by bonded abstracter.
<br />PFt)vlox:; ALivAI`S, and these prc,t=nts are executed arld delivered upon the following ~rnditions, agree-
<br />ments and obligatiafls of the Borrower, to•tvit:
<br />Tlu' l~rrower agrees w y to the Lender, or order, the principal sum of r-ORS-~~V~T UaANU .
<br />.....13~,~..1i.~~. AND. NO~t)t)-----_------.-- ----. --"I>ollars { US S-- ~Z.$-QQ.OD -. - }
<br />_.. -
<br />payable as provided in a note executed and delivered, ctrncurrently herewith, the final~a}•ment of principal,
<br />if not sooner paid, on the ..,..Fixst..,. ,,,. day oiAPril. _-..-. .- ,7f~C200Fi
<br />UNIFRBM Cov>:Nnrc•rs. Borrower and Lender covenant and agree as Follows:
<br />I. Payment of Prirueipal aasd Interest Borrower shall promptly pay when duty the principal of and in-
<br />tereat on the fndebtetinesa evidenced by the Note. prepayment and late charges as pruvideti in the Notr,
<br />and the principal of and interest on any Future Advances secured by this Mortgage.
<br />2. Fueda for loxaa and fuaurance. Subject to Lender's olrtion under paragraphs •I and .5 hereof, bor-
<br />rower shall ppy to Lender on the day monthly installments of principra and interest are luxyable xmder the
<br />Nate, unfit the Note is paid in full, a sum (herein "Funds") equal to one-twelfth of the yearly text's and
<br />assessments which may attain priority over this lvlottgage, and ground rents on the Prolx~rty, if any Pius
<br />one-twelfth of yearly premium In.4tallments for hazard insurance, plus nne•twrlfth of yearly premium in-
<br />stallmenta for mortgage insurance, if any all as reasonably twtimatecl inititxgy and fnxxn time to tiler by
<br />Lender an the basis of asseeerrtenta and txtlls and reasonable est:matea thereof, Lender shall apply the Funds
<br />to pay said taxes, amerxts; insurance premiums and ground rents. Lender shall make no charge for :+o
<br />holding and applying the Funds or verifying and compiling said ass~stxxantb and hills. q'he l.r~nder :ghat!
<br />give to the Borrower, without charge, an annual accounting of the Funds showing credits and debits to the
<br />Fonda and the purpose for which each debit tta the Funds was made. Thr Funds are pletlg<ci as additional
<br />security far the sums seeured by this Mortgage. The Borrower age that the Funds may be hail by the
<br />Lender and commingled with other funds and the Lender's own funds and the Lender rosy pay such flares
<br />ttarrx its.txvm funds and Cher Lander shelf oat be liable far interest ar dividends on such Funds.
<br />ff Lhe amot:. ;~ of the Funds held by Lender, together with the future monthly installments of Funds
<br />ppyabla prior to the dos dates of taxes, asments, insurance premiums and ground rents, shall exceed
<br />tea amount t+squired to pry said taxes, asaeasments, Insurance premiums and ground rt:nts as they fall due,
<br />such oxs shalt be, at Bornrwer's appBan, either promptly repaid to Borrower or cn^tiitrd to Bnrrnaer on
<br />monthly inataihrxaints of Funds. If the atrmunt of the Funds held by Lender shall not he sutficicnt to pa>•
<br />te:x~, tssessmente, insurance pravxiumA and ground caeca as they fail du€, f3omower shsl! I.~sy to Linder
<br />env Mount h±rv trs e ~ t~ ~n.,e„ withirx thirty days after notice from l ~nds'r to 8arrc~x€~r
<br />rc+qu~tirkq payment tilareEx#, or ~rrowez shall, ~v an int'r in monthly instalments of F'nnds rEV~uired,
<br />repay t31e dtsfit:ianry within the fund accounti ~riod-
<br />[1[xIn I>a<vmant in full of al! sums secured by this hfortgage, Lender xhall apply f•'un~ie. h.~Lt a-~ a +~n+lit
<br />against ail sums flue.
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