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INDIVIDUAL
<br />DUE ON SALE
<br />1 OPTIONAL FUTURE ADVANCES
<br />SAVINGS FUND
<br />FORM No. 720
<br />loan Numfzer_ 41180 _-- -- L$8-- -- 1 -
<br />TyRe B~an<N
<br />79- U (i 3112 M O R T G A G E
<br />THIS MORTGAGE, made and executed this ._..-.~J ......_.....__. day of ._.._~.~. A.D.,
<br />19...2., between the Mortgagor, ....Roger_L.,-Saaijenga.-and-Cheryl_I-.---Saaijea,..husband-anc}-
<br />_--. --_wife, ,jointly -and each-.ln.. their own. right,
<br />of -..... Doniphan ............... County of ----Hail---------------...--., 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 65501, its successors and assigns, hereinafter referred to
<br />as Lender.
<br />WzrxFSSZ:~rrr: That the said Borrower for and in consideration of the sum ofFORTY-THOUSAND-..-._--
<br />.. FIVE.-HtiNDRED-AND.-N0/1Q0----"-------_--------------.DoIIars (US $...-------40 500.OD.-.--._---•)
<br />x.. -
<br />paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br />following described property located in the County of _...__-. X11--.-......_..-.---...., State of Nebraska:
<br />Lot Seven (7), Bison Meadows, Hall County, Nebraska
<br />TocrtxrrF.a with all the improvements now or hereafter erected on the property, and all easements,
<br />rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and
<br />water' stock, and all Sxtures now or hereafter attached to the- property, all of which, including replace-
<br />ments and additaons thereto, shall be deemed to be and remain a part of the property covered by this
<br />1Hortgage• and all of the foregoing, together with said propert~• (or the leasehold estate in the event this
<br />Mortgage~is on a leasehold) are herein referred to as the "Property".
<br />Borrower rnyenants that Borrower is lawfully seised of the estate hereby conveyed and hss the right
<br />tts mortgage, grant and convey the Property, that the Property is unencumbered, and that Borrower will
<br />warrant and defend generally the title to the Property against all claims and demands, subject to any
<br />easements and restrictions listed in a schedule of exceptions to coverage in any title insurance policy in-
<br />suring Lender's interest in the Property, or (2} attorney's opinion of title from abstract of title certified
<br />by bonded abstracter.
<br />Pzurvmso Az.wAYS, and these presents are executed and delivered upon the following rnnditions, agree-
<br />ments and obligations of the Borrower, to-a~it:
<br />The Borrower agrees #o pay to the Lender, or order, the principal sum of .-.ARTY-,THOIiS~ID..-_.-..._..
<br />~V$_HIINDREf)_A1~ID NOj100--------- --------- ---Dollars (U5 S_.--.40_,500.00--------------)
<br />payable as provided in a no#e executed and delivered, concurrently herea-ith, the final pa}nnent of principal,
<br />if not sooner paid, on the ._..-..1st------...-_. day of ----..Same.- ..............--.---- .--.> 9~9t-2009
<br />UxtFOear Covrtvnrrrs. Borrower and Lender covenant and agree as follows:
<br />L Payment of Pr~cciipal and Interest. Borrower shall promptly pay when due the principal of and in-
<br />terest on the indebtedness e~~idenced by the Nate, 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 />2. Funds ~r ?axes and Insurance. Subject to Lender's option under paragraphs 4 and 5 hereof, Bor-
<br />rower shall pare is Lender an the day mar:thly 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 tales and
<br />meats which may attain priority over this Mortgage, anti ground rents on the Property, if any plus
<br />~-twelfth of yearly premium instaIIments for haracd insurance, plus one-twelfth of yearly premium in-
<br />stallments for mortgage insurance, B any, all as reasonably estimated initially and from time to time by
<br />bender-on the basis of assessments and bills and reasonable estimates thereof, Lender shall apply the Funds
<br />trr pay said taxes, assessments, insurance premiums and ground rents. Lender shall make no charge for so
<br />holding and applying the.Fuads or verifying and crompiling said assessments and bills. The Lender shall
<br />give to tare Iiotsower, withmrt charge, an annual accauntang 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 />s'ity for the strtns secured by this Mortgage. The Borrower agrees that the Funcl9 may be held by the
<br />Under and eourmingied wig other funds and the Lender's own funds and the Lender may pay such items
<br />freds its own funds and fire Leader shall not 'be liable,for interest or dividends on such Funds.
<br />It tl>+e atneasnt of tare l~t>a3da IsHd by Ltsder, together with the future ;monthly installments of Funds
<br />,payable psnrtsr to dare. dates ~ tazea, neseta~rts, iaaauance premiums and ground rents, shall exceed
<br />~ amount r'e!Irriii~erl to pay said fazes, atta, insurance premiums and ground rents as they fall due,
<br />suer ext shall be, at $grcaae`er's either ptvmptly raid to Borrower or credited to Borrower on
<br />nsont3riy.nts#allraents of i?unda Ifamount a# the Funds held by Lender shelf not be sufficient to pay
<br />rases, inaurant~ prempiu~rus and grnrtad rents as they fall due, Borrower shall pay to Lender
<br />amy amii>rtunt neeeaeary to ma&e up-the d~ciertcy within tltnty days after notice from Lender to Borrower
<br />requestiing paytnent thereof,' or Boimwer sEtall, by an increase in monthly installments of Funds required,
<br />repay £he deficrency within the Fi;ad aeceunting period.
<br />Upon gaymetrt in full 2f a11~~ *~. by +his Moxtgage, Lender shall apply Fundy held as a credit
<br />against ail sums due.
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