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INDIVIDUAL
<br />DUE ON SALE
<br />OPTIONAL FUTUfiE ADVANCES
<br />SAVINGS FUND
<br />ForaM No, 720
<br />Loan NumSer__ 40925 __x__188 _~__l __.
<br />Troe B.e~cn
<br />79-001~6~ 1-110RTGAGE
<br />TIiIB MORTGAGE, made and executed this ...__ 7t??...__._..._.. day of .........April - _ _ _ - A.D.,
<br />18._7.9..., between the Mortgagor, .....$.I17,y..$....Wx.i.ght_and_i;i.ldt?- (,jright,_,ttus}~and.-and--wifQ,_-_-._-
<br />...._~.4f,nt-l,y-.z}c~d._ea&li.-in..thgir-own.. ri&hxr-......-...._...._ .......... ....._.. -....._- - - _..........._...... -° - ----
<br />of __.G~and_ Island.--._- -, County of .-... Hall ............._........ State of -.. Nebraska.-__-, hereinafter refereed
<br />to as the Borrower, and the Mortgagee, FIRST' FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br />LII~TCOLN, 1235 "N" Street, Lincoln, Nebraska 6$5Q1, its successors and assigns, hereinafter referred to
<br />as Lender.
<br />WITNESSETH: That the said Borrower for and in consideration of the sum of ...-TIIIRTX-1'IV>_..__...
<br />.....TH9USACIA..,(~lA_>;1pL1.0.9-------r.---------------r..-------Dollars (U5 ~._ 3-S..QQ.O...QQ-.-.---.----.--)
<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 ........._.Ha1<l.-_ ................. .. State of Nebraska:
<br />It~t Six (6), Block Thirteen (13), Russell Wheeler's Addition to the City of Grand Island,
<br />Nebraska, ~atd all that part of lot Seven (7), Block One Hundred Forty (140) of Union
<br />Pacific Railway Cat~ty's Second Addition lying more than Sixty-six feet (Eti') West of
<br />the East line of said fractional lot Seven (7) i.n Fractional Block Orte Htatdred
<br />Fa3~y (140) of U~iiorl Pacific Rahway Company's Second Addition to City of Grand Tsland,
<br />Hall County, Nebraska
<br />TOGETFIER 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 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 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 />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 (~) attorney's opinion of title from abstract of title certified
<br />by beinded abstracter.
<br />Paovttrao At,wnYS, and these presents are executed and delivered upon the following candit%ons, agree-
<br />ments and obligatians of the Borrower, to-wit:
<br />The Ilortawer agrees to pay tQ the Lender, or order, the principal sum of ....T13IIiTY-FTV~..THQI3SA;xf1
<br />.....AND.-NO(1d0,----~°~-°---------------------------
<br />....__..__._..._.........._....._ ..........Dollars (US 3--35,AQ0_D.Q....... __.-......)
<br />payable as provided in a note executed and delivered, concurrently herewith, the final payment of principal,
<br />if not sooner paid, on the _.......7.St.__..... day of _._. - p.BT?.~..-..._.-.._.... .._. 1~4_2Q04
<br />UNttroxna COVENANTS. Borrower and Lender covenant. and agree as follows:
<br />1. Payment of Principal and Ittiereat. Borrower shall promptly pay when due the principal of and in-
<br />terest on the indebtedness evidenced by the '.`'ore, prepayment and late charges as provided in the Note,
<br />and the principal of and interest on any Future Advances secured by this Mortgage.
<br />2. Fonda for Taxes and insurance. Subject to Lender's option under paragraphs 4 and 5 hereof, Bor-
<br />rawer shall pay to bender on the day monthly installments of principal and interest are payable ixnder the
<br />Note, until the Note is paid in full, a sum (herein "Funds") equal to one-tcvelfth of the yearly taxes and
<br />assessments which may attain priority aver this Alortgage, and ground rents on the Property, if any plus
<br />one-twelfth of yearly premium installments foe Kazan! insurance, plus one-tcvelfth of yearly premium in-
<br />stallments for mortgage insurance, if any, all as reasonably estimated initially and from time to time by
<br />Lender on the basis of assessments and bills and reasonaMe~estimates thereof, bender shall apply the b'unds
<br />tq pay. said taxes, a~n~ents, insuranc-e pz`iuma and ground rents. Lender shalt ruake no charge for So
<br />holding and applying the Funds or verifying and compiling said assessments and bills, The Lender sball
<br />give to the Harrower, without charge, an annual accounting of ¢he Funds showing credits and debits to the
<br />Funds and the purpose for which each debit to the Funds was made. The Funds are pledged as additional
<br />security for the sums secured by this Mortgage. The Harrower agrees that the Funds may be held by the
<br />Lander and commingled with other funds and the Lender's own funds and the Lender may pay such items
<br />From its own furtds and the Lender shall-net be liable for interest or dividends on such Funds.
<br />If the amount of the Funds held by Lender, together with the future monthly installments of Funds
<br />payable prior to the due dates of taxes, aeaeasments, insurance premiums and ground rents, shall exceed
<br />the amount required to pay said taxes, a. sessments, insurance premiums and ground rents as they fall due,
<br />such excess.-shall be, at Borrower's option, either promptly re d to Borrower or credited to Borrower on
<br />monthly installments of Funds. If the amount of the Funds held by bender shall not be sufficient, to pay
<br />taxes, asaessmenta, insurance premiums sad-grot2rtcl petits as they fall-duo, E3arr+awer shall pay to Lender
<br />any amount necessary to make up the deftcencv within thirty rya ~r notice from Lender to Borrower
<br />requesting payment theteo#, or Borrower shall, by an incr~se in m~rtthly instalhnents of P'uncls required,
<br />repay the deficisncv within the Nund ao~ttnting period:
<br />Upon payment in full of all sums secured by tFtia Mort$rege, Lewder shah apply Funets held a. a credit
<br />against all cams due*-
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