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INDIVIDUAL DUE ON SALE ~~ OPTIONAL FUTURE ADVANCES SAVINGS FUND ~~. Fnrtr+~ Nq. 720-479 - Loan Number_ 41500_ - _ 188_ _-_ 1 _----~ Troe Branca 79- U E~ 3171 M O R T G A G E THIS MORTGAGE, made and executed this .. _....~ 3............_. day of ..._. ..f .. _. A.D., ' 19--_~-~.., between the ILtartgagor, .....Hazzy...E....Cand...and..,IoAnn..Sho.lander_G d, and..artd.uzife ---- --° - - joint`ly-..and..~~~b..-ia.:cli~i.z...vc~n..z~,ht..-- - ----....... - -- .....- -- ... . .. .............. . ... . .. of .......Grastd_ Island-_-,., County of ..._..Ha.J.L._.__....-.-_._, State of ..-Nebraska...._., hereinafter referred to as the 'torrower, and the Ylortgagee, FIRST FEDERAL SAVINGS AND LOA1V ASSOCIATION OF LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to as Lender. WI•rx€ssETx: That he said Borrower for and in consideration of the sum of -THiRTY.-SEVEN__THOUSAND SEV}~d ffUNBRID A.ND N0~100-----------------------------Dollars (US $-.-.._.3? 700 00 ) paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the following described property located in the County of __..-_.. Aall ,State of Nebraska: s`,ot R}vo (2), of Zsland Pores Nunber4,a Subdivision in the City of Grsnd Island, Ha11 County, Nebrsska Tocgrxae with all the improvements now or hereafter erected on the property, and all easements, rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and wstVr stock, and all fiatttres naw or hereafter at#ached to the property, atl of which, including replace- ments and additions thereto, shall be deemed to be and remain a part of the property covered by this Mortgage; and all of the foregoing, together with said property (or the leasehold estate in the event this Mortgage is on a leasehold) are herein referred to as the "Property". Borrower covenants That Borrower is lawfully seised of the estate hereby conveyed and has the right to mortgage, grant and convey the Property, that the Property is unencumbered, and that Borrower will warrant and defend geaeraily the title to the Property against all claims and demands, subject to any easeteats and restrictions listed in a schedule of exceptions to coverage in any title insurance policy in- sating Lender's interest in the Property, or {2) attorney's opinion of title from abstract of title certified by bonded abstracter. Peovmt=_n ALWAYS, and these presents are executed and delivered upon the following conditions, agree- ments and obligations of the Borrower, to-wit: The Borrower agrees to pac to the Lender, or order, the principal sum of T>lii?~Y. SEVE~7,-1<#lQU$ANA- .SAY_-.#t11NI?ESD.AND-NOL10D--.--- --------------Dollars (L'S S---..-37-,70f).,.~'... - - ) payable as provided in a note executed and delivered, concurrently here~~ith, the final payment of principal, ff not sooner paid, on the .._._1st------.--_ day of .._...June._ -_ _- . _ -. ,~.Zppg UxZF08At COYENAPtTS. Borrower and Lender covenant and agree as follox•s: 1, Payment of Principal sad Interest Borrower shall promptly pay when due the principal of and in- ter~t on the indebtedness eti-idenred by the Note, preps}-meat and la#.e charges as provided in tite Note, sad the principal of and in#erest on any Future Advances sertrred by this \forttage. 2 Funds t~ Taxes sad Iasurorrce. Subject to Lender's option under paragraphs 4 and 5 hereof, Bor- ro~ver shall pay to .termer on the day manthiy installments of principal and interest am payable under the Note, until flee dote is paid in full, a sum {herein "Funds") equal to one-twelfth of the yearly taxes and asaessrrtesrts which may attain priority over this ilortgage, 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- stallmiats for mortgage ir~.ranee, if any, all as reasonably estimat=d irsitiall~• and from time to time by Leadex oa the basis of esse~anents and bills and reasonable estimates thereof, Lender shall apph~ the Fund, to gay said tales, assessments, insurance premiums and ground rents. Lender shall nurke no charge far so haldirrg sad apprymg the Funds or veri`ytttg and compiling said assessments sad bills. The Lender shall gtve to the Bosrvw+es, wit}tout charge, as annnal accounting of the Funds showing credits and debits to the Fuat~s sad the purpose far which each debit to the Funds was made. The Funds are pledged as additional security for' tyre aunts secured by this Mortgage. The Borrower agrees that the Funds may be held by the L,etrr aad.c~rmiagleYl with other funds and-the Lender's own funds and the Lender may pay such items from. its own t(utds end the Ltrnder shall not be liable for interest or dividends on sucl. Funds. IE ~e anioaat at tfte Pmttis held by Leader, together with the future monthly installments of Funds g Fs~ic-r'to-the .due datt7& of taxes, aase~tnents, iasuraaee premiums and ground rents, shall exceed sraorrat r~uired to priy siiul taxes, assesem~rta, insurance premiums and ground rents as they fall due, such. shall be, at Borrower's option, sit promptly repaid to Borrower ar credited to Borrower on 3 iast-alimeats of Fonds. If the anwunt of .the Funds held by Lender shall oat be sufficient to pay ~~, assents, insurance premiums sad ground rents. as they fall doe, Borrower shall pay to Lender say anrotmt necessary to ma$e up the deficiency within thirty days after notice from Lender to Borrower ragsestatg payment thereof or Botmwer shall, by an increase in monthly installments of Funds required, y fhQ dPfi_`~„-ny ~'~:,;'„~+~ F;md a~t~.:.~g pe~,d. Upon payateat in full of all sums secured by this Mortgage, Lender shall apply Funcis held as a credit against all earns due.