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INDIVIDUAL
<br />DUE ON SALE
<br />OPTIONAL FUTURE ADVANCES
<br />SAVINGS FUND
<br />~~or~ ~~ FoaM xq. 72a-4?9
<br />Loan Number__ 39205 __-_19_9_ - 1
<br />TYD' _ _ _ _ _B,an~~
<br />~9•+.'U~13846 MORTGAGE
<br />TIfI5 MORTGAGE, made and executed this ...........~~ .............. day of ........._... ._..............__... A.D.,
<br />19.,?!1...., between the Mortgagor, ....-...Rodnesc_R..Xvungsiuis.t_and.. DATA&. R..XoUAg- u'isi<,...huskand.-aA.d wife,
<br />~ointljr..aud...eacb...in..Lk~af.z-.oF?A..x~~bt......--.._.__ .............. ...._......-...-.._.....--~ --_...._........._._...........-..._..._..--
<br />of -...s~rand_I~~.aAd.-......, County of .F1aIJ..._..._-....._._......., State of -_Neb;gska.,..-,-, 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 />WTTxESSeTa: That the said Borrower for and in consideration of the sum of ....Thirty--Threa..Thousand
<br />-- .. -- ....Dollars (US 6..33 DAO_OII ....................)
<br />and No/'~Otl....,,F-.<-~__.~~---_-__----_---_----- - ---~---°-- ----
<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 1'7ebraska:
<br />Lot Ten (10), Jack Voss Horse Country Club Second Subdivision, Ha11 County, Nebraska
<br />TocsTxax 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 covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right
<br />to mortgage, grant and convey the Progerty, 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 insururce policy in-
<br />suring Lender's interest irr the Property, or {2} attorney's opinion of title from abstract of title certiSed
<br />by bonded abstracter.
<br />PaoVIDBD 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 _._'17??:rtp-Three_Thousand
<br />------and...No11II0....-.--.-.----r--c------c----r----.-cr..----Dollars (US 5-33,000._00-------------------}
<br />payable as provided in a note executed and delivered, concurrently herewith, the final payment of principal,
<br />if not sooner paid, on the -----First------ --- day of ...JulY..-_-..-----.._.--.-.--_._...,..20Q8
<br />L1xIFORM COVENANTS. Borrower and Leader covenant and agree as follows:
<br />1. Payment of 1?riacipal oad Interest. Borrower shall prompiIy pay when due the principal of and in-
<br />terest on the indebtedness evidenced by the Note, 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 />& Funds for Taxes and Insurance. 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 Mortgage, and ground rents on the Property, if any plus
<br />one-twelfth- of yearly premium installments for hazard insurance, plus one-twelfth of yearly premium in-
<br />staliments €or mortgage in_a+,rnn~e, i# any, all as reasonably estimated initially and from time to time by
<br />Lender on the basis of assessments trod bills and reasonable estimates thereof, Lender shall apply the Funds
<br />tp psy said taxes, assessments, insurance premitms and ground rents. Lender shall make no charge for so
<br />Balding and applying the Funds or verifying and. compiling said assessments and hills. The Lender shall
<br />gt+.e to the Borrower, without charge, an annual accounting of the Funds showing credits and debits to the
<br />Ftmda and tBe pu>•poee for which eacB debit to the Funds was made. The Ftmds are pledged as additional
<br />security for the surtffi aectrred by this Mortgage. The Harrower agrees that the Funds may be Beld by the
<br />Leader and commingled with other funds and-the Lender's own funds and the Lender may pay such items
<br />from its own funds and the Lender shall not be liable for interest or dividends on such Funds.
<br />I# the tunount of "the Fends held by Lender, together with the future monthly installments of Funds
<br />payslHe. prior #s the due dates of ttrzeu, asseasmertta, insurance premiums and ground rents, shaIl exceed
<br />the aetnotmt required to y said tegres, sasesamerits, insurance premiums sad ground rents as they-fall due,
<br />sut3r excess shall be; ater's option, either promptly repaid to Borrower or credited to Borrower on
<br />monthly iastallaterits of: Funds. IF -the amount of the Funds held by Lender shall not be sufficient to pay
<br />taxes, assessments, fnsurance premiums sad ground rents as they fall due, Horrower shall pay to Lender
<br />any amount neceattrsiry to make up the dtaEciency within thirty days after notice from Lender to Borrower
<br />requesting ~~yment tBet~f, ur Borrower shall, by an increase in monthly installments of Funds required,
<br />repay the deficiency within the .Fund accountutg period.
<br />LTpras pay~,uent in €tll of aH s-vms seeure$ by this iviorigage, i,ender shalt apply Funds held as a credit
<br />against all soma due.
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