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INDIVIDUAL DUE ON SALE ~R~ OPTIONAL FUTURE ADVANCES SAVINGS FUND Fnw.M tdn. ?2L]-4?9 Loan Number___ 40991 - 188-_ 1 Tray e.a„~n 79- t.~ ll 3 5 8 7 iVl O R T G A G E THIS MORTGAGE, made and executed this ..._._.._J......._.....-. day of ...... _`~~--.-_- -.__...... A.D., 19_7f{'._, between the lttortgagor, .._.>zichard.-A.Faxrhazzk..s..an..d..Nancey_I).._ Fa-~rbanks_,. _husband.__., and..7aife,.-.~uintlg..and..each..in.-the,ix._a5?n...Fg1?t......_- .. -._.. __. _.. _. ___--. -----.... of ..._.........Waod...Rixer..., County of ......Halh_..-......-_..___., State of ....Nebraska...-. ,hereinafter refereed to as the Borrower, and the b4ortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to as Lender. WITNESSETH: That the said Borrower for and in consideration of the sum of ....Thi.r.ty-Six...__...... Tl3ousaad -and- -No/1D0-----------_<------------------==-Dollars {US Sib.,.OOD..OD_._.___..........) paid by said Lender, does hereby mortgage, grant and cor~e~lto Lender, its successors and assigns; the following described property located in the County of ......- a._ ._._.._-..____-._._., State of Nebraska: Lot One (1) except the North Eighty-five feet (85') thereof, East Twenty-five feet (25') of Lot Two (2). excpet the North Eighty-five feet (85') thereof, in Block Four (4), Dodd a-,u ~,arshall's °dditior. to ~aod Y7ive*-, Fall rounry, Nebraska ToceTrrex 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 water stock, and all fixtures now nr hereafter attached to the property, all 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 sr~th 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 generally the title to the Property against all claims and demands, subject to any easements and restrictions listed in a schedule of exceptions to coverage in any title insurance policy in- suring Lender's interest in the Property, or {2) attorney's opinion of title from abstract of title certified by bonded abstracter. Psovmso 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 pay to the Lender, or order, the principal sum of ..Trirty-Six.. Thousand .and--No,llOII--=-------a-crr..--crr..---rr__------°--------.-.Dollars {L'S 336,000,-00 _.___.__.......) payable as provided in a note executed and delivered, concurrently herewith, the final payment of principal, if not sooner paid, on the .------First ....._ day of ._ .._ June.__..-.. -...._ ...... , 1~..20Q9 Urrri•oa~r Cave>vaxTS. Borrower and Lender covenant and agree as follows 1. Payment of Principal and interest Borrower shall promptly pay when due the principal of and in- terest on the indebtedness evidenced by the Note, prepayment and late charges as provided in the Note, and the principal of and interest on any Future Advsnces secured b_r this 'Mortgage. 2 Funds far Taxes and Insurance. Subject to Lender's option under paragraphs 4 and 5 hereof, Bor- rower shall pay to Lender on the day monthly installments of principal and interest are payable under the Note, until the Note is paid in full, a sum {herein "Funds") equal to one-twelfth of the yearly taxes and assessments which may attain priority over thi_t '~'Tortgage, and ground rents on the Property, if any plus one-twelfth of yearly premium insfallrnents for hazard insurance, plus one-te~elfth of yearly premium in- stallments for mortgage insurance, if any, all as reasonably estimated initiallti and from time to time by Lender on the basis of assessments and bills and reasonable estimates thereof, Lender shalt apply the Funds to pay said teals, assessments, insurance premiums and ground rents. Lender shall make no charge for so holding and appf}ting the Funds or verifying and compiling said assessments and bills. The Lender shall give to the Borrower, without charge, an annual accounting of the Funds shon~ng credits and debits to the Funds and the purpose for which each debit to the Funds was made. The Funds are pledged as additional security for the sums secured by this Mortgage. The Borrower agrees that the Funds may be held by the Lender and commingled with other funds and the Lender's own funds and the Lender may pay such items from its own fonds and the Lender shall not be liable for interest or dividends un such Funds. if the arnatrut of the Funds held by Leader, together with the future monthly installments of Funds payable pricer to the due dates of lazes, assessments, insurance premiums and ground rents, shall exceed the amount na4ufred to pay said tales, assessments, insu:atice premiums and ground rents as they fall Sue, such ezcess shall be, at Borrower's ol.~ion, either promptly repaid to Borrower or credited to Borrower on monthly installments of Funds- If the amount of the Funds held by Lander shall not be sufficient to pay lazes, assessments, iasuraace premiums and ground rents as they fail due, Borrower shall pay to Lender any amount necessary to make up the deficsency within .thirty days after notice from Lender to Borrower regsesting payment thereof, or Borrower shall, by an increase in monthly installments of Funds required, repay the de&cieney within the Fund accounting period. llpan payment in #ull of a$ sums secured by This Mortgage, Lender shall apply Funds held as a credit against all sums due.