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<br />iNDIYIDUAL
<br />DUE 4N ;3ALE
<br />OPTICENAL. FUTURE ADYl~NGIES
<br />SAYINGS ''FUND
<br />~.. ~ FanM No.720
<br />Loan Number_47~$~ ___ ---]$$- .__l._
<br />T,pt 8/ine~+
<br />~g,.~Ut~2~2fl MORTGAGE
<br />THh3 MORTGAGE, made and executed this --.....19:.h--------------- day of ._.-,.APr11,-.-----..........._. A_D.,
<br />19.-..7g.., between the Mortgagor, -...Sharon-A-.--meadow formerly...known-.as--Sharon.-It..-.Rasmussen--and
<br />.-..dohn. Zadus~,_.wife.-snd..hushand,_.j.ointlg..and..each. in..theix..a~-ri,8ht--------------------....--.------..--
<br />of ...:.CBZ„'R:------------------------ County of ..----Hall.------------------> State of ,..Nebraska-------, hereinafter referred
<br />to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br />LINCC3LN, 2235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to
<br />as Lender.
<br />WITxE33ETH: That the said $orrower for and in consideration of the sum of ..._-...-...._..-_ .......:...........
<br />---T1~1~-~.'H(lI~AND-Al'ID--N0~~00------------ _~J~ol:ars (US $.}~.~OaO:00--- -- --. _---.....}
<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 ......-..__.Ba}}_-..._ ............... State of Nebraska:
<br />Lot Nine (9), and Ten (10} in Block Two (2), of the First Addition to
<br />(~6:ro, Ha71 County, Neb~ka .
<br />Toaerr[Ea 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 an 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 de#end 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 (2} attorney's opinion of title from abstract of title certified
<br />by bonded abstracter.
<br />Paovtnxn ALwAY5, and these presents are executed and delivered upon the following conditions, agree-
<br />ments and obligations of the Borrower, to-wit:
<br />-The Borrower agrees io pay to the Lender, or order, the principal sum of .-_ ..................__._....__......._..
<br />-- -
<br />..........TFiII2~T-.TAUTISANII.9ND.-All/-lOl1-------_---.-----_---..Dollars (1T5 $-.-. I~;D~(10_OQ=......:.-.•----
<br />payable as :provided in a note executed and delivered, concurrently herewith, the final payment of principal,
<br />if not sooner paid, on the .-.--.1st ............... day of ..---.Msg......------.---...-..........-., ~Y8..2(Xl9
<br />UxtBOaM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Payment.of Principal and Interest. Borrower shall promptly pay when due the principal of and in-
<br />terest on the indebtedness evidenced by the Note, 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 />Z. Funds for Yaxes and Insurance. Subject to Lender's option under paragraphs 4 and 5 hereof, Bor-
<br />rower shall pay to Lender on the day monthly installments of principal and interest are payable under the
<br />Note; until the Note is paid in full, a sum (herein "Funds") equal to one-twelfth of the yearly tsxes and
<br />assessments which may attain priority ovor this Mortgage, and ground rents on the Property, if any plus
<br />one-twelfth of yearly premium installments for hazard insurance, plus one-twelfth of yearly premium in-
<br />stallments for mortgage insurance, if any, all ss reasonably estimated initially and from time to time by
<br />bander-vin-the basis of assessments and bi1Ls and reasonable estimates thereof, Lender shall apply the Funds
<br />to pay,s&id takes, assessments, insurance premiums and ground rents. Lendex shall make no charge for so
<br />Bolding and applying the Funds or verifying and compiling said assessments and bills. Tlie Lender shall
<br />give G> the Borrower, without charge; an annual accounting of the 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 />secueity for the sums- secured -by -this Mortgage: The Borrower agrees that the Funds-may be held by the
<br />Lender and cammir-gled with other-funds sad the Lender's awn funds and the Lender may pay such items
<br />front its own funds and the Lender shall not be liable for interest or dividends on such Funds.
<br />- - - - -
<br />If the amount of -the Funds held by Fender, together with -the future monthly installments of Fonds
<br />a payable prior to the -due dates of tease, aaeesstnents, inauntnce premiums and ground rents, shall eaceed
<br />the-amount required to pay said lases, eese~uents, insurance premiums and ground rents as they fall-due,
<br />sucl%excesa ahaII be, at- Borrower's o first, either promptly repaid to Borrower or credited to Borrower on
<br />monthly installments of Funds; If, :the amount of the Funds held by-Lender shall not be sufficient to pay
<br />fazes, assessments, irystrartce premiums earl ground rents- as they-fall due, Borrower shall pay to Lender
<br />any amount nec to rgake.up the deficiency within thirty days after'natice from Lender to Borrower
<br />r~uesting ppaayment t ereof, or Borrower shall; by an increase in monthly installments of Funds required,
<br />repay the deficiency within the ~`und accounting- period.
<br />Ifpon payment in fu$ of all soma secured by this Mortgage, Lender shall apply Funds held as a credit
<br />against all sums due.
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