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INDIVIDUAL
<br />DUE ON SALE
<br />`, ^LlCT' ORTIONAL FUTURE ADVANCES
<br />SAVINrsS FUND
<br />° ~~~ _. PaFwi NG.720
<br />~ Loan Number_39$).A_________188-___L_
<br />rroe e.aa~~
<br />79- iot~$9~3
<br />M O R T G A G E
<br />THIS IvfORTGAGE, ::wade and executed this . _._..~.T-d ................ day of ....April........,..............- A.D.,
<br />19..-Z9..., between the Mortgagor, ..._JRhR..H,..Ei4~&..~nd_.Se~ky.-L.,.Hoes.,.-husband--and..wife,_„_- ..--.-
<br />......3~.Lztii7y:..ansi...eack...f:n ~hg~~ '- .ri.~hc....`........._ ..... .... ... ......... :------- .......-. .-..........._
<br />of -. Grand--Igland__._.,,..., County of .....-....llai.l........_.........., State of ...1`Iebr:aska_....., hereinafter referred
<br />to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br />`7GINCOLN, 1235 "N" Street, Lincoln, Nebraska fiA501, its successors and assigns, hereinafter referred to
<br />as Lender.
<br />WiTxFSSerx: That the said Borrower for and in consideration of the sum of .-T#fliz'~Y--F..~VI•....._....-.-
<br />.....TIIUtISB~NA..FOtIA-.1),UNAA)3i1?..~hTF~'~(r•.O.P11K_AND..I3QL.i.QQ-------Dollars (US$-.:~5..•'i2Y.99 ..................--)
<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 ........Hs~7.~ ............................. State of Nebraska:
<br />Lot Ztao (2), Block One (1), Dale 12oush Subdivision, Hall Cotmty, Nebraska
<br />TocETHES 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 all fixtures now or hereafter attached to the property, all of which, including reptace-
<br />ments and additions thereto, shall be deemed t.a 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) 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 unencumbered, and that Borrower will
<br />wamuat 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 (?) attorney's opinion of title from abstract of title certified
<br />by bonded abatracter.
<br />Paovtpxo ALwava, and those presents are executed and delivered upon rite following conditions, agr~-
<br />ments and obligations of the Bozrowee, ta•wit:
<br />Tlae Borrower agrees to pay to-the Lender, or order, the prirtcfpal surn of ..TTdIP.-FIVg..THf3I;~.
<br />.....1?f>;UlI..HC~1Ag,FaI2..~7+#~IA:X-:QIi~..f1~i>?, N0[ IOQ-.--.--~^--- - ..--l~llars ([tS 5....35.4.xI.0.C. }
<br />payable as provided in a note executed and delivered, roncurrent.ly herewith, the final payment of principal,
<br />if not sooner paid, on the ......~'ixF:.tt......-... day of __APr?.1. _. -. ... .. _ _ . ., 19 ~9
<br />Urtltroeaa Covsxexrs. Borrower and Lender covenant and agree as follows:
<br />i. Fapmeat of Prlaefpal and ]~tsnsat. Borrower shall promptly pay when due the principal of and in-
<br />tereat an rite indebtedness evidenced by the Nate, prepayment and late charges as provided m the :dote,
<br />and the principal of and interest on any Future Advances secured by this Mortgage.
<br />;A. Futttis for ;axes and Ia~aursaea, Subject to Lendei s option under paragraphs d and 5 hereof, Bor-
<br />rower shall psy to Lendtu on the day monthly instalhuents of principal ancf interest are payable under the
<br />Nuts, un~l the Note is paid fn full, a sum thereto "Funds") equal to one-twelfth of the yearly tax~~ and
<br />asaei~atrtents vvhiCh enay attain priority over this Mortgage, and ground rents on the i'raperty. if any plus
<br />ort8-t~voYlt!! of yearly prsnsieun ittats~lments far hazard insurance, plus one-twEifth of yearly premium tn-
<br />atailnrnrrts for mortgage insurartcw, if sn~r, all as reasonably estimated initially and from time to time by
<br />Lander on the bssis of asauesrnente and belle and reasonable estimates thereof, .ender shall applyy the Funds
<br />ttr pay a+ud ~, ca, ~ premiums and ground rents. Lender shall ruake no ekarge for sa
<br />holtii~g atttd applyiaag -tbe ltuncis or verifying and t~mr icing saki as-se~yntrnts and bibs. The Lender shall
<br />ve to thu Borrower, withoett Charge, an annual accounting of the. Funds showing credit," and dehita tae the
<br />and the purpose for wh~h each debit to the Funds was made. Tits Funds are pledged as additional
<br />- ° security. for the sums- secured by t~ Mortgage. The Borrower agrees that the Funds may be held by tht
<br />Lender and rowningled with other funds and the Lender's own funds and the Lender may pay such items
<br />€avm its iirvsi fiords and #~ Lander shall- r-ot be lisbee for interest er dividends on such Funclg.
<br />If the er~outtt of the Fonda Maid by bender, together with the future monthly instaitments of Funds
<br />trbe prior to the due dates of taasaa, eeeeenta, irrsirtsnCe prencefiume and ground rents, shalt exceed
<br />~smawak required topa y said taxes, aeez+te, insurance premiums and ground rents aQ #.hey fell due.
<br />aGch exce~ ahali be; at >iiorrawer's optfozt, either ~m ly ltd to Barrowi+r or creditc~ci to Borrower an
<br />mmritbiy ~instailmenGi of Fciuds. If the aunt of fire F"unda held by tender shall not be sufficient to poi
<br />taxes, aaeeasments, i~uranee premiuma_ancl ground runt$ sa they fall due, Harrower shall pay to Lender
<br />a~i y a:intiunt nwc~ry txr make un :'_ie d$$er wi_tlnn thirty days after native from I_.eiider to Borrower
<br />raqueating paytriNnt thereti, or Borrower shelf, by an inrr~se in m~nthlysn.4tallments ut Funds rt~uired
<br />repay the deficiency within fibs Fund seccwntti¢ vRriod.
<br />iJlx,n payment. in full c:f all »uma c~cared by this Martltagc, i.+~ndrr shaft apply Fun~Is h,~i,i a. ,~ , r.~dit
<br />against all soma due.
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