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<br />fig- UG2969
<br />INDIVIDUAL
<br />DUE ON SAt_E
<br />OPTIOMAi.. FUTURE ADVANCES
<br />SAVINGS FUND
<br />FARM No. 720-474
<br />_._
<br />loan Number. 414 _____-__19 ______1 __
<br />TYPG BrsncM1
<br />M ®R T G A G E
<br />THIS MORTGAGE, made and executed this _...-_.1; ..............._-.. day of ......._-M~X.__..._........-.... A.D.,
<br />19.-.._7.~-, between the Mortgagor, ...--nary.-tx...klazgan..and_Debza..Jo..Mazgan,...husband.-ansi..+~i£e.,.----
<br />__..jointly_and_.each__in.. their. own. right,_______________„_
<br />og ,_-Grand. Zsl~nd__,.-_._, County of __ Hall---_-_ ................. State of ...Nabxaska......., hereinafier referred
<br />to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br />LINCOLN, 1235 "N" Street, Lincoln, Nebraska 685(11, its successors and assigns, hereinafter referred to
<br />as Lender.
<br />WITAT&SSfiTH: That the said Borrower for and in consideration of the sum of -.THIRTY.-THREE...__.._.
<br />--,,.THOUSAN.D-FIVE.HUNDRI3D_AND-.NO(IOO----------------.-Dollars (tiS$--33-,500.00-----.---.-.-,----.)
<br />paid by said Lender, does hereby mortgage, grant. and convey to Lender, its successors and assigns; the
<br />fallowing described property located in the County af --.------Hall------------------------~ State of Nebraska:
<br />Lot Trio (2), Block Four (4) in Westerhoff's Second Subdivision being a resubdivision
<br />of` the South Half (s~j of Blocks free {3) and Four (ti) and the worth Haif (''rs'1)
<br />of Blacks Five (S) and Six {(i), Westerhoff's First Subdivision, in the City of
<br />Grand Island Hali County, Nebraska
<br />TouEarrea 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 addit3oas thereto, shaIl be deemed to be and remain a part of the property covered by this
<br />Mortgage; and all of the foregoing, together .~•ith said property (or the leasehold estate in the event this
<br />Mortgage is on a leasehold) era herein referred to as the "Property ".
<br />Borrower covenants that Borrower is lawfirlly 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 $orrower will
<br />warrant and defend generally the title to the Property against elf claims and demands, subject to any
<br />easements and resi.rictions listed in a schedule of exceptions to coverage in any title insurance policy in-
<br />suring Lender's interest in the Property, or {2) attarney's opinion of title from abstract of title certified
<br />by banded abstracter.
<br />Paovmso Arways, and these presents are executed and delivered upon the following conditi~zns, agree-
<br />ments and obligations of the $orrower, to-wit:
<br />The Borrower agtees to pay to the Lender, or order, the principal cum of .THI}ITY-THBF.E..~4FSt)l~
<br />.....FiH.E.HUNAIiED.-9H.R..l+lA1-~i)11---.------'-.----------------.Dollars (t'S 5-.33,SOO.OU..-.-..-..---........)
<br />payable as provided in a note eaeeuted and delivered, troneurrentl}• herewith, the final payment of principal,
<br />if not sooner paid, on the -- ---- si_..... - day of .-. _ June.. _ - .... 1?'~`=. ...,
<br />L~xrFOat~ CovEranarss. Borrower and Lender covenant and sa4ree as follows
<br />1. Ycryment ~ Princspel crud bsterest. Borrower shall promptly pay when due the principal of and in-
<br />tezest oa the indelstedness evidenced by the ?vote, prepat-ment and late charges as provided in the I\'ote,
<br />and t~ prin<sgal of and interest on any Future Advances secured by this Sfortgage.
<br />2 Fvnds for Ymcss and lnsurance. Subject to Lender's option under paragraphs ~f and 5 hereof, $or-
<br />rvwer shall pa}• to Leader on the day monthly installmens of principal and interest are payable under the
<br />Note, natal the Note is paid in €ull, a sum {hereu, =`Funds") equal to one-twelfth of the yearly taxes and
<br />Arta which may attain grioriLv over this bfortgage, and ground rents on the Property, if any pies
<br />one twel##h of yearly pr'e'mium im'tatlments .for haaard insurance, plus one-twelfth of yearly premium in-
<br />I.es:det• on the of ase~ ~attd hiyl~ls and r~sonable}estimates thereo~hLender shall appiyttheiFunds
<br />~ €~y ~ * eta, insirrsnre gremiu.~ and graund ren; ,. lender shall make ro charge far sus
<br />_ holding sad app3yiag the I~Ymds or verifying and compiling said aswessments and bills. The Leader shall
<br />- ~v+e ~S the Barrawes, ~vitirarrt charge, as armas~t accounting of the Funds showing credits and debits to the
<br />. sad the garpose for which each debit to the Fnada was made. The Funds are pledged as additional
<br />»~tY for tkee suala secured by this Morfgage. The Harrower agr~s that the Funds may be held by the
<br />Leader a~xi d-with other feeds and the Lender's own funds and the Lender may pay such items
<br />~:r~ :ma #uads alai tr3-e L shall sot be liablR far interest ar dfvidenda on such Funds.
<br />_ It'.L1e t of the hebd by Lem, together with the future monthly instal3ments of Fonda
<br />1' tar dos tea ~ tas+as. ta, rasuraacn premiums end ground rents, shall exceed
<br />rile aarmrat ~4~ to dap said t'al~. iaaurarlae greariums and ground rents as they fall due,
<br />egoeeet shell ~ at $a'a t~" , ~ proragtlY repaid to Borrower Or e!edrted to $orrower on
<br />m}* his of , H' amount Q# the Ronda held by Leader shall not be sufficient to pay
<br />-ads. 'n°^0! $tt~ueas sad girourld. rents as they fall due, Borrower shall pay to Lender
<br />mty ant ~ to ma1[e ~ a~ ds$Cieatcy within thirty days after notice from Lender to $orrower
<br />ro9 yet tlse~of, or B€w~'_ti}soll, by an_ incrwase in monthly installments of Funds required,
<br />repay the ~y wrt~Fein tli~ F'uad arxounting period.
<br />T}pon payment is-full of x31 soma secured by this Mortgage, Lender shall apply Funds held as a credit
<br />against all sums dos.
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