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<br />• INDIVIDUAL
<br />DUE ON SALE
<br />OPTIONAL FUTURE AGVANCES
<br />SAVINGS FUND
<br />Form No. 72o
<br />Loan Number.. 40420___-_ 188__-_ I___
<br />- TYDe Hranch
<br />79-..~GC~~001 NIGRTGAGE
<br />THIS MORTGAGE, made and executed this __.....L-~ .._.....-..... day of ...._.~'~ . A.D.,
<br />19_. y~.-, between the hfortgagor, ...lokiA.-A.... Schwi.~gez-. and..R-~th7 eon--5 ... Schwiege- ,,. husband.. and-
<br />-.~i.~ti,.-~aitf-t<lx--arad..ga.~ h..in. th~r..Qyn.. righc,. . .. . ......... ~ ~ - -- -- - ...., - --~ - ...-...---•
<br />of _..tix~t??d..Is~and_----_., County of ..--. nai.3._.--,--------.--, State of .. Nebraska......, hereinafter referred
<br />to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br />LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to
<br />as Lender.
<br />WtrxesseTx: That the said Borrower for and in consideration of the sum of . T47E2?TY EIGHT THOUSAND
<br />----- -
<br />FOUR_EUNDRED SEVENLY AND NO/100 ------------,----_--.Dollars (US $-28,470.00.----._ ---. -)
<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 - .._ Hall ___ - - > State of Nebrasia:
<br />A tract of land comprising part of Lots Twelve (12) and Thirteen (13), Block One
<br />__~ __
<br />{1), Bel-Air Addition to the thity of Grand Zsiand, Nebraska more parti.cuiaiiy
<br />described as follows: First to ascertain the point of beginning, start at the
<br />Northwesterly corner of said Lot Twelve (I2); thence running Northeasterly along
<br />the Northerly line of said Lot Twelve (12), and being on the arc o'` a 980.37 foo
<br />radius curve a distance of Thirty-eight and one tenths (38.1) feet to the actual
<br />point of beginning; thence continuing ;3ortheasterly along the last described
<br />course a distance of Twentg-five and four tenths (25.4) feet to the Northeasterl
<br />comer ,~ said Lot Twelve (12) (CONY) See Attached Exhibit "A"
<br />erxsa wtth ail the improvements now or heron er 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 #o be and remain a part of the property crovered by this
<br />Mortgage; and aIl 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 rnvenants 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 i; unencumbered, and that Borrower will
<br />warrant. and defend generally the title to the Property against all claims and demands, subject to any
<br />anca.+wnts and restrictions listed in a schedule of exceptions to coverage in any title insurance policy in-
<br />suring Lender's interest in the Property, ar (') attorney's opinion of title from abstract of title certified
<br />by banded abstracter.
<br />Psavro:.o ALwAY9, and these ;.Toro^.ts are executed and delivered ,: pon ±_yp fottow;ng conditions, agree-
<br />ments and obligations of the Borrower, to-wit:
<br />The Borrower agrees to pay to the Lender, or ordrr, the principal sum of TWENTY-.EIGHT.-THOUSAND
<br />_-)^OIIR_-AUNUBED_-SEVEHTY_.l2zD--N01140------------------ - ^ 28. 470,00..-... )
<br />- --- - -.-.._......._.. -.-. Dollars IL's a. ~ _._..
<br />payable ac provided in a note executed and delivered, concurrently herewuh, the final payment of principal,
<br />if trot sooner paid, on the __._-..2~...._ . day of -_ ... _. ~~ .- _ - . ~ ?pp9
<br />Ux[troant Coveaw*°rs. Harrower s_nd Lender covenant. and agree as faltows:
<br />i. Itaymeat of Pziatipai and Intezest. Borrower shall gromgtlc pay when due the principal of and in-
<br />terest on the indebtedness evidenced by the \ote, prepayment and late charges as provided in The 1TOte.
<br />and the principal of and interest on any Future Advances secured by this 'lfortgage.
<br />2 Funds far Mazes and Insurance. Subject to Lender's option under paragraphs 4 and 5 hereof. Bor-
<br />rower shall pay to Lender on the da}• monthly installments of principal and interest are payable under the
<br />Nate, aatii the Note is paid is full, a sum (herein '`Funds") equal to one-twelfth of the yearly taxes and
<br />aments which may attain priority over this Mortgage, and ground rents on the Property, if any plus
<br />one-twelfth of yearly premium installments for ha-arcl insurance, plus one-twelfth of }•early premium m-
<br />stallments for mortgage in_saranCe, if any, all as r~conabi~; estimated initially and from time io time by
<br />Le.~• on thx basis of a_~entY And biL and r~..~nable estimates thereof, Lender shall apply the Funds
<br />to pay said tares, assessments, insurance premiums and ground rents. Lender shall make no charge far so
<br />balding and applying the Funds or trerifivtg ar,3 compiling said assessments and bills. The Lender snail
<br />gi;a #a the Baru,»er, rviihout charge an annual accounting of the Funds showing cneciiis and debits to the
<br />Fonds and the purpose far which each debit to the Funds was made. The Funds are pledged as additional
<br />security for the sums secured by this Mortgage. The Borrower agrees that the Funds may be held b}• the
<br />Leader and cotntniogled with other funds and the Lender`s own funds and the Lender may pay such items
<br />firoa[ its mvrf funds and fire lender shall not be liable for interest or dividends on such Funds.
<br />13 the amount of the Fttads held by Lender, together with the future monthly installments of Funds
<br />payable gtaior to the due dates of taaea, assessments, insurance premiums and ground rents, shall exceed
<br />the amount requited fn pry said taz~, assessntenm. insurance premiums and ground rents as they fail Sue,
<br />such excess altail be, at Borrowers apti~, either promptly repaid to Borrower or credited to Borrower on
<br />monthly instaflments of Funds. ff fire amount of the Funds held by Lender shall not be suiTiczent to pay
<br />trues, aasr~ments, inetuarrce pree~;ums and ground rents as they fall due, Borrower shall pay to Lender
<br />arty amotmt necessary to make up the deficiency within thirty days after notice from Lender to Borrower
<br />requesting payment thereof, or Bornswer 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 sums secured by this Mortgage, Lender shall apply Funds held as a credit
<br />against all sums due.
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