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<br />79-~ ~ (a 4 ~ 31
<br />INDIVIDUAL
<br />DUE ON SALE
<br />OPTIONAL FUTUF2E ADVANCES
<br />SAYINGS FUND
<br />Farts Na. 32fl-439
<br />Loan Number_42QQ5____-_1$8__-_1___
<br />r,p. e.,~«
<br />M O R T G A G E
<br />THIS MORTGAGE, made and executed this ......... v~«~..___._.... day of ._._." ......................._...._ A.D.,
<br />19.._18..., between the A4ortgagor, ._.Dale.,R..-McNeil-and_Rosemary_,J...,.McI1e..l,..husband--apd-s?~fe,
<br />jointlg and, each in their own right,, _. _. _
<br />of ..Grand Island ,County of -..... Ha11 ...................... State of ..~?ebraska--,-.,-., 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 />WITNESSETH: That the said Borrower for and in consideration of the sum of .F1F.tY_ODIE..THDUSAND
<br />_T.IIAF.k1.t1FNI?1t,ER..~lA..f1.41-)<OQrr..--cc.--r-r---rr..-c----r.---r-.Dollars {US ~.51.,300_OA--°----------------)
<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 ._.Ha11-..-_....__ ................. State of Nebraska:
<br />.? tract of land comprising the Westerly Sixty fa_et (W60') of Lot Four (4}, and part of
<br />Lot Five {5), all in Block Two (2), Second Addition to Holcomb's Highway Homes Subdivision
<br />Grand Island, Hall County, Nebraska, more particularly described as follows: Beginning
<br />at a point on the North line of said Lot Five (5), said point being 14.9 feet West of
<br />the Northeast corner of said Lat Five (5); thence Easterly along the North line of said
<br />Block Two (Z}, a distance of 74.9 feet, to a point ten feet (10'} West of the Northeast
<br />corner of said lot Four (4); thence Southerly parallel to the East line of said Lot Four (4)~
<br />a distance of 111.74 feet, to the Soutb. line of said Lot Four (4}; thence Northwesterly
<br />along the Southerly line of said Lot Four (4) a dist nce of (SEE ATTAC,HF~ EXHIBIT "A")
<br />ocETFFER with all the improvements now or hereafter erecte~ on the property, an a 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 />14fortgage 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, g*ant 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 Lender's interest in the Property, or (2) attorney's opinion of title from abstract of title certified
<br />by bonded abstracter.
<br />PBOYFDED ALWAYS, and these presents are executed and delivered uvon 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 ..FIFi'Y..DNE_THnttaAatn.--_--
<br />..TIIBEE..HIR~RF~_A@ID..),IQ11IlQ.---°-~ ..............,...-- --Dfollars (L?S S..51,34D...00.--..-....-.....-- -)
<br />payable as provided in a note ezecuted and delivered, rnncurrently herewith, the fmal payment of principal,
<br />if not sooner paid, on the -...-..First-.-.-..-.- dap of .....July..-.....__.___ .............. 5.2009
<br />UxFtroar.F CoveNArrrs. Borrower and Lender covenant and agree as follows:
<br />I. Payment of Ptiacipal sad Interest. Borrower shall promptly 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 />2. Funds for Taxes and Insurance. Subject to Lenders 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 mstallments for hazard insurance, plus one-twelfth of yearly premium in-
<br />staiimeats for mortgage insurance, if any, all as reasonably estimated initially and from time to time by
<br />Lender on the basis of assessments and bills and reasonable estimates thereof, Lender shall apply the Funds
<br />to pay said fazes; assessments, insurance premiums and ground rents. Lender shall make no charge for so
<br />holding end applying the Funds or verifying and rnmpiling said assessments and bills. The Lender shall
<br />give ~ the Borrower, without charge, an annual accounting of the Funds showing credits and debits to the
<br />Pads and the purpose for which each debit to the Funds was made. The Funds are pledged as additional
<br />security for the sums secured by this Mortgage. The Borrower agrees that the Funds may be held by the
<br />Lender and cornmrngied 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 sot be liable for interest or dividends on such Funds.
<br />If the amount of the Funds held by Lender, together with the future monthly installments of Funds
<br />payable-prior La the due dates of taxes, assessments, insurance premiums and ground rents, shall exceed
<br />the amount required to pay said fazes, assessments, insurance premiums and grrund rents as they fall due,
<br />such:ex~ shalt be, at Borm~wer's option, either promptly repaid to Borrower or credited to Borrower on
<br />monthly +nA~ 11a~+irits of Ftmds: If the amotmt of the Funds held by Lender shall not be sufficient to pay
<br />fazes, assessments; insurance preen=ulna and ground rents as they fall due, Borrower shall pay to Lender
<br />any amount necessary to make up the deficiency within thirty days after notice from Lender to Borrower
<br />requesting payment thereof, or $ormwer shall, by an increase in monthly installments of Funds required,
<br />repay the deficiency within the Fund accounting period.
<br />Upon payment in full of all sums secured by this Mortgage, bender shall apply Funds held as a credit
<br />against-all sums due.
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