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INDIViDiJAL DUE ON SALE 'IE~ OPTIONAL FUTURE ADVANCES SAVINGS .FUND //y~~am~ -~'~ Foam No. 720 uNava.1~ Loan Number. _ _ _ _ 41113- _188 - 1 _ _ ___ rYOe_____8ranr,, 79-- U~2g17 MORTGAGE THIS MORTGAGE, made and executed this _-....._~ .............._... day of __. ~~~ci,/.___....--__...-.. A.D., Gordon R. Wilde and Bernice ty. Wilde, hdsba_nd_ and wife, 19...79.., between the Mortgagor, .. -- - -.... --- _..... ......_.........._....-..... jointly and__each in their own right, ~~ ~~~~ -~--~~~Grand Island-~ ~~ ~~ ~ - ~ ~ - a ebras of ...._ ............................._..., County of ................_.__.---._.-.---., State of .-.-..---..---....._......, hereinafter referred to as the Bormwer, 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. '4VtTxssseTx: That the said Borrower for and in consideration of the sum of TFIIRTY THREE THOUSAND THREE HUNDRED A*hJ NO/100----------------------------'Dollars (US $-.. 33 300.00 } paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the following described property located in the County of _._~a 1 . .. . . .. .... .. State of Nebraska: The North Fourteen feet (14') of Lot Eighteen (18) and the South Fifty- five feet (55') of Lot Seventeen (17), Anderson Subdivision, ar: addition to the city of Grand Island, Hall County, Nebraska TOGETHER with all the improvements now or hereafter erected on the pmperty, 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, ail 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". Bormwer covenants ±hat 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 all claims and demands, subject to any easements and restrictions listed in a schedule of exceptions to coverage in any title insurance policy in- suring Lender's interest in the Property, or (2} attorney's opinion of title fmm abstract of title certified by bonded abstracter. Pswmen ALKAYS, and these presents are executed and delivered upon the foilou•ing conditions, agree- ments and obligations of the Borrower, to-wit: The Borrower agrees to ay to the Lender, or order, the principal sum of THIRTY THREE,THOUSA~TD THREE.RUNDRED. AND, NO/ 160------------------.------------dollars (US $- .33, 300.00.._.... ..........) payable as provided in a note executed and delivered, concurrently herewith, the final payment of principal, if not sooner paid, on the ..-...---.1st-----.... day of ._.___-Ma3'._......_.___._ _...., t5L.2009 UNIFORM Coverrnrrrs. Borrower and Lender covenant and agree as follows: 1. Pay~rent of Principal and Interest. Bormwer shall promptly pay when due the principal of and in- terest on the indebtedness evidenced by the Note, prepayment and late charges as provided in the Note, and the principal of and interest on any Future: Advances secured by this ;~~fartgage. 2, Funds for Taxes aad Insurance, Subject to Lender's option under paragraphs 9 and 5 hereof, Bor- mwer 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- stallments 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 trasonabie estimates thereof, Lender shall apply the Funds to pay said taxes, assessments, insurance premiums and ground rents. Lender shall make no charge for so holding and applying the Funds or verifying and compiling said assessments and bills. The Lender shall give to the Bormwer, without charge, an annual accounting of the Funds showing credits and debit.4 to the Funds and the purpose for which each debit to the Funds was made. The Funds are pledged as additional security for the sums ~a.:ured by this Mortgage. The Bormwer agrees that the Funds may be held by Lhe Lender 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 not be liable for interest or dividends on such Funds. Tf the ,,j,-~nuni of the Funds -held by Lender, together with the future monthly installments of. Funds payable prior to the due dates of tease, assessments, insurance premiums -and ground rents, shall exceed the amount required to pay said taxes, assessments, insurance premiums and ground rents as they fall due, such excess shall be, at Borrower's- option; either pmmptly repaid to Borrower or credited to Borrower on monthly installments of Funds. If th^ amount of the Funds held by Lender shall not be sufficient to pay taxes, assessments, insurance premiuus and ground rents as they fall due, Harrower shall pay to Lender any amount necessary to make ug the de8~ency within thirty days a#ter notice fmm Lender to Bormwer requesting payment. thereof, or Borrower shall, by an incxease 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..