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<br />INDIVIDUAL
<br />DUE ON BALE
<br />OPTIONAL FUTURE ADVANCES
<br />SAVINGS FUND
<br />FCRtt No. 720-i79
<br />L Loan Number_41$Qd____-__l&fl_-1___
<br />Type Branch
<br />73-vE~3831 MORTGAGE
<br />THIS MORTGAGE, made and executed this .............l~ ......._... day of .._-._.~.._.-._.......- A.D.,
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<br />1 ..~.-- tw ..n e M rtga or, ...Garry..i•gg..Th,~ s4z%..aad..Rosie...h...Th~P. Qn'- - -..-......-- - ..
<br />bus acid an~~fe, ~ointly and each in their own right, ------------
<br />` of~iand_rsland:: ~_;:_ ..., County of ..-_-Hali________________________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 />Wx~rxESSErx: That the said Borrower for and in consideration of the sum of -.THIRTY, EIVE_THOUSAND
<br />AND N©/100 ---------°-------------------------------Dollars (US$35,000 00 )
<br />paid by said Lender, does hereby mortgage, grant and convey to Lender, its suiccessors and assigns; the
<br />following described property located in the County of ..... Hall ,State of Nebraska:
<br />Lot Forty-three (43), Potash Subdivision, Hall County, Nebraska
<br />TocErxES 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 fixtures now 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 with said property (or the leasehold estate in the event this
<br />Mortgage is on a leasehold) are herein referred to as the "Property".
<br />Borrower coveasnts 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 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 Leader's interest is the Property, or (2) attorney's opinion of title from abstract of title certified
<br />by bonded abstracter.
<br />PHOVrDED ALWAYS, and these presents are executed and delivered upon the following conditions, agree-
<br />ments and obligations of the Borrower, to-wit:
<br />The Borrower agrees to pay to the Lender, or order, the principal sum of .~IR1'Y--FIRI's--T-FIOUSIf#D- -
<br />.:ANI.1--Pi0>!180--_...,.,......_......_..,...........w.........,....,............~,...,~..~R.n..,....Dollars (US3-35,OiI0.-00-_-.....__.-----)
<br />payable as provided in a note executed and delivered, con rrently herewith, th~ payment of principal,
<br />if not sooner paid, on the ..--....---_1st - - day of ---.-.---.-~une
<br />Uxrr+nsnt CovExAx~rs. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal sad Interest Borrower shall promptly pay when due the principal of and in-
<br />terest on the mdebtednesa evidenced by the Note, prepayment and late charges as provided in the Note,
<br />and the principal of and interest on my Future Advances secured by this Mortgage.
<br />2. Funds for Taxes and Insur~ce. Subject to Lender's option under paragraphs 4 and 5 hereof, Bor-
<br />rower shall pay to Lender on the day monthly 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 taxes and
<br />assessments which may attain priority over this ivfortgage, and ground rents on the Property, if any plus
<br />oue.twelfth of yearly premium installments for hazard insurance, plus one-twelfth of yearly premium in-
<br />stallments for mortgage insurance, if any, all as reasonably estimated initially and from time to time by
<br />.Lender on the basis of assessments and bs11s and reasonable estimates thereof, Lender shaft apply the Funds
<br />~ Pay said taxes, assessments, insurance premiums and ground rents. Lender shall make no charge for so
<br />~rolding and applying the Funds or verifying and compiling said- assessments and bills. The Lender shall
<br />give to the Borrower, without charge, sa 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 />security for the soma secured by this Mortgage. The Borrower agrees that the Funds may be held by the
<br />I.eadar and commingled witls other funds and the Lender's own funds and the Lender may pay such items
<br />from its-own funds and the Lcasder shall not be liable for interest or dividends on such Funds.
<br />If the amoisnt of the-Fonda held by Lender, together with the future monthly installments of Funds
<br />. PaYatile ~r to #~l-e due dates of`tazes, assessments, instuance premiums and ground renter shall exceed
<br />pay said fazes; assessments, insurance premiums and ground rents as they fall due,
<br />end's-ezoess sFtall he, at Borrower's option, eithor promptly repaid to Harrower or credited to Borrower on
<br />monthly iastaUtnents of Funds, If the. amount of the Fonda held by Lender shall not be sufficient to pay
<br />~~• a-9seeer<tenf~; insurance Pre>L;;nms earl ground rents as they fall due, Borrower shall pay to Lender
<br />any amount necessary tp make up the deficiency within thirty days after notice from Lender to Borrowor
<br />requesting payment thereof, or Borrower shall, by an increase in monthly installments of Funds required,
<br />repay the deficiency within the Fmmd accounting period.
<br />Upon payment in full of all sums secured by this Mortgage, Lender shall apply Funds held as a credit.
<br />against a~. sur~;s due.
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