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.~_ I '{ {~~ - INDIVIDUAL DUE ON SALE OPTIONAL FUTURE ADVANCES SAYINGS FUND -~~e Fvxr~ Nv. 72£i-479 u Loan RSumber__41782___ _188__ __l.__ r>o- e.a~« 79-- U Cl ~ 93 3 !1~'I O R T G ~- G E THIS MORTGAGE, made and executed this _..._..¢~~ ............... day of ..._.._....---.....-...._.......__ A.D., 19-Tr1..:.., between the Mortgagor, ... Fred--M,--.Janiach_and.-Donna., M,_ Jaitish,.._. ugh .eband_and-wife;..... ,? ...13x141.SqO.~:h,..~..~ingle_ge;gon.,..,dointly, and._severally and,.each,.in theil._ own,-tight -,-_-__ of ..Oxand island, _, ._.-, County of -.._.fiall_._-_,_ ,...-_., 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. ` WrTxisssrx: That the said Borrower for and in consideration of the sum of .. EYGHTEEN THOUSAN7:~ ._.k'~Ul?.-HiJtIBRED-AMID.NOj100..------------°--r.------.---.-Dollars (US$--18,400..00 ....................} paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the `- following described property located in the County of ....._......._.xall,-_-_-.-.___-..-„ State of Nebraska: Lot Seven {7), in Fractional Block Twelve (12), in Gilbert's Addition to the City of Grand island, Hall County, Nebraska TocsTSSa 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 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 wvered by this Mortgage; and 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 Harrower 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 de#end 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. PBOVraED 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 pal> to the IRnder, or order, the principal sum of ..iri.~hF.,ti_THf}IISATID..._... ..----_ FOUR_IiiT~il}RED AND NO 100 -------------------- r~ 18, 400 00 .°-.... - - - -- - dollars {L~ S........._.....'__.__.._ - - - --) payable as provided in a note executed and delivered, concurrently herewith, the final payment of principal, if not stoner paid, on the _._-First.......-.. day of -.,Iuly...._-..-..- .--.---_.-_- ....-, ~. 2004 IJivrFOasa Cvvsxw*r•rs. Borrower and Lender rnvenant and agree as follows: I. 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 Iate charges as provided in the Note, and the principal of and interest on any Future Advances secured by this `cortgage. 2. Funds far Taxes and Insurance. Subject to Lender's option under paragraphs 4 and 5 hereof, Bor- rower shall pay to Lender an 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 this Mortgage, and ground rents on the Property, if any plus ane-twelfth of yearly premium installments far hazard insurance, plus one-twelfth of yearly premium in- stallments for mortgage insurance, if any, all as reasonably estimated initially and from time to time by Lender on the basis of aacpcamenta and bills and r~sonable estimates thereof, Lender shalt apply the Funds to pay.said razes, assessments, insurance premiums and ground rants. Lender shall make no charge for so holding-and applying the Funds or verifying and compiling said assessments and bills. The Lender shall g-ve tti the Borrower, without charge an anneal accounting of the Funds showing 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 fox the sums secured by this Mortgage. The Borrower agrees that the Funds may be held by the L~crder and cornmingTed with other funds and the Lender's own funds and the Lender may pay such items imm-its own funds and the Lender shall not be liable for interest or dividends on such Frmds. If the amount of tdre Finds bald by Lender, together with the future monthly installments of Funds pa1!able prior to the due dates'af fazes, sasessmeats; insurance premiums and ground rents, shall exceed • the amount r~sgnired to pay surd taxe®, assessments, insurance premiums and ground rents as they fall due, such ez shall be, at Borrower's optron,-either promptly repaid to &zrrower or credited to Borrower on montlily instuilmen~ of Funds. If the amount of the Funds held by Lender shall not be sufficient tc pay taxes, assesainenta, fnsurance ptemiurtra and ground rents as they fall due, Borrower shall pay to Lender anp amount rsecesasry to make.i~, the de&riency within thirty days after notice from Lender to Borrower requesting ppaayment thereof; or Borrows; shall, by an increase in monthly installments of Funds required, repay the deficiency within the Fund accrounting period. Upon payment in full of alt sums secured by this Mortgage, Under shall apply Funds held as a credit against all soma ave.