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f 1~tiC11'N'N~01~:1. . ~~ 1aE.f~ d)rrWi, a~uatkt..£ Qf~9"lCEN,,~kt„ It~"t,r"I'tJRt3 A17~/AhiC~S J SiA'V1.NR~I~ Ft~tI~J'~It7 F17WWE hrdf. 7M'~r,F Loan Number. _ 40744 _ _-_ 138 _-- 1 _ . T1GS Era<,:.< 79-. l,f~~I~=.~ M O R T G A G E THIS MORTGAGE, made and executed this _.._._. /-~ ................ day of -.__.._.~/~-~___-.___._- A.D., 9..7fl....,betweentheMortgagor,_..~enneth.D,.,Imnan__and_Linda-M. Inman,__husband and_,~rife,,__._ ___._ jointly .and each. ip:_their own, rightx__. .. . of _.Orand_ Island--______, County of .__ Ha11__ -___________________ State of -.. Nebraska....., hereinafter referred to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to as Lender. Wizzv£ssETx: That the said Borrower for and in consideration of the sum of .-FORTY.-THREE TAOUSAND -- - ~-- - TWO_HUNDRED lu,ID NO/I00 ------------------------------Dollars {TJS 8--!t3-,.200..00.--..----------.) paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the fallowing described property located in the County of -..-.....Hall _ ,State of Nebraska: -------------------- Lot Sixty (b0), GbLfe's Subdivision in the Gity of Grand Island, Hall County, Nebraska TOGETAE% with all the improvements now or hereafter erected on the property, and all easements, rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and water stock,- and all fixtures now or hereafter attached to the property, all of which, including replace- ments and additions thereto, shall be deemed to be and remain a part of the property covered by this Mortgage; and all of the foregoing, together with said property (or the leasehold estate in the event this Mortgage is on a leasehold) are herein referred to as the "Property". Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right to mortgage, grant and convey the Property, that the Property is unencumbered, and that Borrower will warrant and defend generally the title to the Property against alI claims and demands, subject to any easements and restriciions listed in a schedule of exceptions to coverage in any title insurance policy in- suring Lender's interest in the Property, ar (2) attorney's opinion of title from abstract of title certified by bonded abstracter. PaOVIDED ALWAYS, and these presents are executed and delivered upon the following conditions, agree- ments and obligations of the Borrower, to-wit: The Borrower agrees to pay to the Lender, or order, the principal sum of -.. ~'al~?`~`..'~di..°~~?~v~~'?l? ._'1'_WU..Ht1N13RED_AidD-1dOJ100-----------..-__~_______.~___Dollars (US x..43,200.00 .. --- - ) payable as provided in a note executed and delivered, concurrently herewith, the final payment of principal, if not sooner paid, on the ......- -F~St..._.. day of -....._.... April -.-.---..-.----.---, )~- 2009 Uxi[roant Govexnxrs. Borrower and Lender covenant and agree as follows: 1. Payment of Principal sad Interest Borrower shall promptly pay when due the principal of and in- terest an the indebtedness evidenced by the Nuts, prepayment and late charges as provided in the Note, and the principal of and interest on any Future Advances secured by this Iblortgage. 2. Funds for Taxes and Insurance. Subject to Lender's option under paragraphs 4 and 5 hereof, Bor- rower shall pay to Lender on the day monthly installments of principal and interest are payable under the Note, until the Note is paid in full, a sum (herein "Funds") equal to one-twelfth of the yearly taxes and assessments which may attain priority over this Mortgage, and ground rents on the Property, if any plus one-twelfth of yearly premium installments for hazard insurance, plus one-twelfth of yearly premium in- atallments for mortgage insurance, if any, all as reasonably estimated initially and from time to time by Lender on the basis of assessments and bills and reasonable estimates thereof, Lender shall apply the Funds to pay said taxes, assessments, insurance premiums and ground rents. Lender shall make no charge far so holding and applying the Funds or verifying and compiling said assessments and bills. The Lender shall give to the Borrower, without charge, an annual aceountirg of the Funds showing credits and debits to the Fends and the purpose for which each debit to the Funds was made. The Funds are pledged as additional security fat the sums secured by this Mortgage.-The Borrower agrees that the Funds may be held by the Fender and commingled with-other funds and the Lender`s own funds and the Lender may pay such items from. its own funds and the Lender shall eat be liable for interest ar dividends on such Funds. If the amount o£ the Funds held by Leader, together with the future monthly installments of Funds payable. prior to the dne dates of fazes. assessments, insurance premiums and ground rents, shsll excEed the amount required to y said taxes, assessments, insurance premiums and ground rents as they fall due, such excess shall be, at Borrower's option,. either promptly repaid to Borrower or credited to Borrower on monthly installments of Funds. If the amount of the Funds held by Lender shall not be sufficient to pay taxed; assessments, insurance premiums and ground rents as they fall due, Harrower shall pay to Lender any amount necessary to make ug the deficiency within thirty days after notice from Lender to Borrower requesting~ ppayment thereof, or Borrower shalt, by an increase in monthly installments of Funds required, repay the deficiency -within the Fund accounting period. Upon payment in full of all sums secured by this Mortgage, Lender shall apply Funds held as a credit. against all sums due.