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INDIVIDUAL
<br />DUE ON SALE
<br />OPTIONAL FUTURE ADVANCES
<br />' SAYINGS FUND
<br />~~~ FoeM NoJ20
<br />Loan Number___34129__-_188__-_1___
<br />~yoe a.a~~n
<br />79-- U U ti~ 5 5~ N G F2 ~' G A G E
<br />TFIIS MORTGAGE, made and executed this ._._..-...._l____.....- day of ._.._...... '~- A.D.,
<br />19.~f_..., between the Mortgagor, ..Ricky-_A._ Lzth._ and_Pamela__ K.___Leth,_ husband and. wife,-
<br />. _ --.. - ......
<br />,jointly _ and,, each., in.- thei.r_. own,-right-,.. _... _.. _.
<br />of ..Catty-_.._.__-_.__-,___.__, County of _.... xal~__.___...__.-._., 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 refened to
<br />ss Lender.
<br />WrrNesserrr: That the said Borrower for and in consideration of the sum of ..-THIRTY THOUSAND
<br />,fu~iD--NO[200---.------------------.-----.------_-------~oL'ars (US i? 30,000_.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 Nebraska:
<br />Lot Eleven (11) of Harb Subdivision, a subdivision of Block Two (2), Ingalls
<br />Turner Subdivision, Village of Cairo, Hall County, Nebraska
<br />TocerHeg 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 rig`.ts, and
<br />water stock, and ail fixtures noa- or hereafter attached to the property, all of which, 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 all of the foregoing, together n-ith said property tar the leasehold estate in the event this
<br />Mortgage is on a leasehold) are herein referred to as the "Property".
<br />Borrower co:•enants that Borrower is lawfully seised of the estate hereby conveyed and has the right
<br />to mortgage, grant and conve}- Lhe Property, that the Property is unencumbered, and that Borrower azll
<br />warrant and defend generally the title to the Property against all claims and deman€ts, 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 intermit in the Property, or ('?) attorne}•'s opinion of title from abstrtct of title certified
<br />by bond°d abstrncter.
<br />PsvcraEa ALWAYS, and these presents are executed and delivered upon the following conditions, agree-
<br />nretts sad abiigatiarc of the Barran-er. to-nit:
<br />The Borrower agrees to pap to the Lender, or order, the principal sum of .THIRTY THOUSAND A13D _
<br />~~~____~__~___~~r~~ol,ars { L'S w..30, 000. 00
<br />payable as provided in a note executed and delivered, concurrently herewith, the final payment of principal,
<br />i# not sooner paid, on the _ .... First - __._ day of . _ ,tune - ,_ _ , }tllp ?009
<br />t:'Nttn,axr Ccve~ANrs. $armwer and Lender covenant and agree as follows:
<br />1. Payment o/ Pracipai anr3 Iaferesi Borrower shall pramptl}' pay r.•hen due the principal of and in-
<br />terest on the indebtedness et;denced by the \ote, prepayment and late charges as provided in the ?tole,
<br />and the principal of and interest an arcs Future Ad:°anees seq aced b} this Mortgage.
<br />2 Funds for Traces and Iaaumnce.• Subject to Lender's option under paragraphs ~ and 5 hereof, Bor-
<br />rower shall pay io Lender an the day monthly installments of principal and interest aze payable under the
<br />Nate, until the Noce paid in full, a sum therein "Funds") equal to one-twelfth of the yearly taxes an+f
<br />a-¢sment_c which may at#ain priority over this Sfortgage, and ground rents :rn the Property, if any plus
<br />one-twelfth of yearly greavum installments far hazard insurance, plus one-twelfth of yearh• premium i.n-
<br />stailmerrts fo- mortgage insurance, if any, all as reasonably estimated initially and from time to time by
<br />bender on the basis of assessments a+rd bills and reasonable estimates thereof, Lender shall apply the Funds
<br />to pay said ±azes. °°°°^`-n~rts iF~~traiiee premiums and ground rents. Lender shall make no charge for so
<br />balding and applying the Furrds or verifying and rnmpiiing said assessment; and bills. The Lender shall
<br />give to the Harrower, without charge, an annual accounting 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 />aecuzity for the sums aerated by this Aior•tgage. The Borrower agrees that the Funds may be held by the
<br />Lendei and commingled with other funds and the Lender's own funds and the Lender may pay such items
<br />from its awn funds sad the Lender shall not be liable far interest ar dic•idends an such Funds.
<br />If the 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 required tv pay said fazes, assessments, insurance premiums and ground rents as they fall due,
<br />such ezcess shaIl be, at Borrower's optSan, either promptly repaid to Borrower or credited to Borrower on
<br />monthly urstallments of Funds. It the amount of the Funds held by Lender shall not be sufficient w pay
<br />fazes, assessments, insurance premiums and ground rents as they fall due, Borrower shall pay to Lender
<br />any amount necessary to make up the deficvmcy within thirty days after notice from Lender to Borrower
<br />r°-§"°$ta'-g pay"'-.tat.+kf. er Bo=^ow•ar sl'aall, ~y an inctea~ in ruonthiy installments of Funds required,
<br />repay the deficiency within the Fund accounting period.
<br />IIpon 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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