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3 INDIVIDUAL DUE ON SALE OPTIONAL FUTURE ADVANCES SAVINGS FUND fcaN No. 720-473 Loan Number_~??64 _ -_188 _-____1_ Typr Bunch 7g,r UC-3932 MDR °i' G A G E TEAS MORTGAGE, made and executed this ....._ ......................... day of -.....-_......._..._.-....-..._...... A.D., 19....-...-., between the Mortgagor, -.Fred-_M._. Janisch.-and Dorna M. Janischx, husband..and wife}.. and_Brad_.Booth,._a-.single.,person,._-jointly and-..severally and. each ia__their own right _. of -...-Grand..Island ,County of Hall _._._._--.-_.--., State of -. Nebraska ,hereinafter referred to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to as Lender. WtrxESSETx: That the said Borrower for and in consideration of the sum of .THIRTY.-FIVE THOUSIL~ID __.TWO. FiUN-13EI)._AND.-NQ/100-°--.-.----.---------------------Dollars (US 8.35,-200.00------------.....--) paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the following dcecribed property located in the County of .....Hall ,State of Nebraska: Lots One Hundred Thirty (130) and One Hundred One Hundred Thirty-One (131) and the c~.th Fiya teal feet of L•ot One Hundred TY~enty-nine (129), Hawthorne Place, being a subdivision of part of the Northwest Quarter (NW`s) of Section 22, Township 11 North, Range 9 West of the 6th P.M., in Hall County, Nebraska TocEraEe with ail the improvements now or hereafter erected on the property, and all easements, rights, appurtenances, rests, royalties, mineral, oil and gas rights and profits, water, water rights, and water stock, and all fixtures now or 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; aid 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 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. L INVYDED ALWAYS, and these presents are executed and delivered upon the following conditions, agree- ments and obligations of the Harrower, to-wit: The Borrower agrees to pay to the Lender, or order, the principal sum of .THIRTX..FZV~.-TflOUSAa`1D_. .TWO__HUNDRED AND NO/i00-_-----°----------------- r 35 200.00 payable as provided in a note executed and delivered, concurrently herewith, the final payment of principal, if sot sooner paid, on the .----..---First.----. day of -.---.July _.-___.._.....-_ ._-.-., Li...2Q04 UxtFOahr CovsxArrrs. Borrower and Lender covenant and agree as follows I. Payment of Principal and Interest Harrower shall promptly pay when due the principal of and in- terest on the indebtedness evidenced by the i\TOte, prepa~znent and late charges as provided in the Note, and the principal of and interest on any Future Advances secured by this Mortgage. 2. Funds for Taxes and Lrsurance. Subject to Lender's option under paragraphs 4 and 5 hereof, iior- rower shall pay to Lender on the day monthly installments of principal and interest are payable under the Note, until the Nate is paid in foil, a sum {herein "Funds") equal to ors-twelfth of the year]y taxes and assessments which may attain priority aver this Mortgage, and ground rents on the Property, if any plus one-twelfth of yearly premfum installments for hazard insurance, plus one-twelfth of yearly premium in- stallments fax mortgage insurance, if any, all as reasonably estimated initially and from time to time by Lender oir the basis of assessments and bills and reasonable estimates thereat, Lender shall apply the Funds to pay said fairs, assessments, insunance premiums and ground rents. Lender shall make no charge for so holding and applying the Funds or verifying and compiling said assessments and bills. The bender shall eve to the Borrower, without charge, an annual accounting of the Funds showing credits and debits to the r"un;~ snd the purpose for which each debit to the Funds was made. The Funds are pledged as additional security for t~ sums secured by this Mortgage, The Borrower agrees that the Funds may be held by the I carder and tmmmiagled with other funds and the Lender's own #unds and the Lender may pay such items #rexir i~ own funds and the I.erider shaIl not be liable tot interest or dividends on such Funds. If tl>e amount of the Funds-held by Lender, together with -the future monthly installments of Funds payable prior far the due dates d# tease, assessments, insurance premiums and ground rents, shall exceed the amount required to-pay said fazes, assessments, insurance premiums and ground rents as they #all due, such sac shall be; at Bozrosver's option, either promptly repaid to Borrower or credited to Borrower on maitthlY installments of Funds. i#-the amount of-the Fends held by Lender shall not be sufficient to pay fazes, aes~metrts, insurance Premiums and ground rents as they fall due, Borrower shall pay to Lender any: amount net:esgary fo make np i'se' defictiency within thirty days after notice from Lender to Borrower requesting payment thereof, or Borrower shall, by an increase in monthly installments of Funds required, repay the deficiency within-the Fund accounting period. Upon payment in full of all sums secured bg this Mortgage, Lender shall apply Funds held as a credit against elI sums due.