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I;vDIwDUAL
<br />>~ DUE QN SALE
<br />APTIONAL 1=UTURE AGVANCES
<br />' SAVINGSa FUND
<br />FORM Na.?20
<br />Loan Number_._4322Q__= =~__$$_-.._1__
<br />Tyne arancn
<br />79- t~C}287 M C? R T~ A G E
<br />TIdIS ~rIORTGAGF`, made and executed this -- - -gth....._..-.._.- day of .. --....ZHa;~.---------..------.. A.D.;
<br />1S_.:L,cz.-, between the iSortgagor, .-.-..R~.y~nd.l.,...clolczyk..and.-Adelzne...A....klol.ezgk.-.husband.,.-.---
<br />---and..wife.--~o.inZly...and...each.-i.n._tktazz...own.-~.zght>----- -----------.-----..-----------------.--
<br />of __lszond.. island,...-., County of ... fall _.-... _._....., State of .._hiebzaska_-.-., here=_nafter referred
<br />to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br />LINCOLN, 1235 "N" Sireei, LincaIn, Nebraska 6t301, its successors and assigns, hereinafter referred to
<br />as Lender.
<br />ty'trxrsssTx: That the said Borrower foz and in consideration of the sum of __.'1'lliAxXrQNE.._--.._..
<br />THOUSAND, Ah~_NO[100--.----------------------_-----,--.---Dol,ars (US 3.--31,9.QQ, OA..... _........_..)
<br />paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br />#ollowing described property located in the County of .._-.Hall-.......__.-.._....__..., State of Nebraska:
<br />A P~+-t of the Southeast Quarter (SF'r.,) of the Southeast thtarter {5116) of Section
<br />~i T~._„ti,: 11 n~-.µti um O pct of rhn 6r~h P_M rlcgrri}~1 Wq nrmncii~o of t}~
<br />Fast One Sixteenth (1/16) Corner (an Iran Pipe) cotffitart to Section Ll and 2$; thence
<br />Easterly oft the Section line Fors Htatdred Sixty-tzao (A62) feet to the actual point of
<br />hegi*min~; thence Northerly One llt~dred Se~~ertty-severt {177) feet; thence Easterly
<br />Eighty (80) feet; thence Sotu3terly tYte Htndred S~aestty-six and Six Tenths (176.6) feet;
<br />thence Westerly on the Secticxt Line Eighty (8O) feet to the point of begianvng, in Hall
<br />Cca>ntY, Nebraska
<br />1 oGB'rxex wtt all the improvements now or hereafter erected on the property, and all easements,
<br />r%gh+~. appurtenances, rents, royalties., mineral, oil and gee rights and profits, water, water rights, and
<br />water stock, and all futures now- or hereafter et.ached to the property, all of w=blob, 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 ai3 of the foregoing, together with said property for the i~easehold estate in the event this
<br />Mortgage is on a leasehold) era herein referred to as the "Property".
<br />Bamower 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 nestric'ions listed in a schedule cf exceptions to coverage in any title insuru::.e policy in-
<br />suring Lender's interest in the Property, or t'-} attorney's opinion of title from abstract of rifle certified
<br />by bonded abatraetes
<br />Peovtar;o At.wavs, and these presents are executed and delivered upon the foliow-ing conditions, agree-
<br />ments and oLligations of the Borrower, to-wit:
<br />2`tre Borrower agrees to pay to ti;e Lender, or order, the principal snm of -. -'t?lxpTY-~;`£..THQiiS3'~D.
<br />- .AND.-~gOJ100------_---.-----.--------.------------Dollars itiS S_3.L,Q.QO...QD... . -_ _ _..-}
<br />Payable as provided in a note executed and delivered, concurrently herewith, the final payment of principal,
<br />if not soorper paid, on the ..._-_~-~ ~._..-.--- -. day of ...... ..-?!~'r'_... __ .. __. 1!$?~ .2~~
<br />UxtFOas+t Covr:xax•rs. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Aiacipal and Interest, Borrower shall promptly pay when due the principal of and in-
<br />terest on the indebtedness a:~idenced by the RTOte, prepayment and late charges as provided in the Note.
<br />and the pri;cipal of and interest on any Future Advances secured by this liortgage.
<br />2. Funds for Taxes and Insurance. Subje{:i to Lender's option under paragraph= 4 and ;i 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 the:-ein "Funds"} equal to one-twelfth of the yearly taxes and
<br />assessments which may aitzin priority over this ~Sortgage, and ground rents on the Properly, if any plus
<br />ape-twelfth of yearly premium installments for hazard insurance, plus one-twelfth of yearly premium in-
<br />atsllments for mortgage insurance, if env, all as reasonably estimateel initially- and Pram Time to time by
<br />Lender on -the basis of assessments and bills and reasonable estimates thereof, Lender shall apply the Funds
<br />to pay said taxes, assessments, insurance premiums and ground rents. Lender shsll make no charge for so
<br />haldirg and applying the Funds or verifying and compiling said assessments and bills. The Lender shall
<br />give to the Borrower, without. charge, an annual accounting of the Funds showing credits and debits to the
<br />Rtrnds and the purpose for which each debit to the Funds was made. The Funds are pledged as additional
<br />aecttiity #or fhe sums secured by this l~tartgage. The I3arrower agrees that iha Funds may be held by the
<br />Lendai and commingled with other fw-uds and the Lender's awn funds and the Lender may pay such items
<br />from i,s own funds and the Lander shall not be liable far interest or dividends on such Funds.
<br />1if tl~ amount of the Funds held by Lender, together with the future monthly installments of Funds
<br />payable prior to the due dates of fazes, assessments, insurance premiums and ground rents, shall exceed
<br />the amount tequitetf to y said taxes, assessments, insurance premiums and ground rents as they fall clue.
<br />such excess shaIl be, at Borrower`s apt3oa, either promptly repaid to Borrower or tredited to Borrower on
<br />monthly installments of Funds. If the arraunt of the Funds held by Lender shall not he sufficient to pay
<br />taxes, s+en#s, insurance pretniutus and around rents as they fall due, Borrower shall pay to Leader
<br />arty amount necessary to make up the defteiency withal thirty days after notice from Lender to Borrawar
<br />npquestinb payment thereof, or Borrower shall, by an increase in monthly installments of Funds required,
<br />repay the deficiency within the Fund accounting period.
<br />Upon payment in full of all sumR aerated by this 114ortgage, Leander shall apply' l~`unds held as a credit.
<br />against all sums due.
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