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tNDIVfDUAL DUE ON SALE OPTIONAL FUTURE ADVANCES SAVINGS FUND CakM No. 72D-474 Loan Number__41747___-_188_-.-_1___ ,>o~ e.an« 79-oU~422~ M®RT~AGE THIS MORTGAGE, made and executed this _._.....~4__._.._..... day of .._._...~~~?--...._.....-... A.D., 19.?k...., between the Mortgagor, ._ Larry.-D-,-- KrauS.e..and.-Peggy-_$,--,Krause.,,.,lfusband,. anu.,wifg, ... ....j.oi.n.tly...and..eash. Vin. heir-- own.. right.>.... -- --- _. _ .... ..._ ..... ...- -~ - of __k?ood-,Rfver-...---.,-„-„ 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. 4VtTNi•sssrx: That the said Borrower for and in consideration of the sum of _.>`IFTY-THREE__-_--,.- .._.T114USA23D,_SIX..HUNDRED-A)`ID-NO/100--.-----.---.---------.-Dollars (US 5..53.,600.00....._.._._..._) 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 .___. Hall _.-___-.-._-------------- State of Nebraska: Lot Four (4}, Block Two (2), T.Jest North Lawn Second Addition to Wood River, Hall ~cTUnty, i'eoraSka Tac;rxt:a with all the improvements now or hereafter erected on the property, and all easements, rights, appurtenances, rents, royalties, minersl, oil and gas rights and profits, water, water rights, and water stock, and all fixtures now or >lereafter 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; 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 "Propert}". 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 :rom abstract of title certified by bonded abstracter. ' Paovrosa At.wnvs, and these presents are executed and delivered upon the following conditions, agree- ments and obligations of the Borrower, to-wit: The Borrower aa°rees to pay to the Lender, or order, the principal sum of -.FZF'l;Y--~HR);E.-~'QUSAbIA-. _. _S IX_HU>tiDRED. AND - NO(1f14-------------------- - - - - ~~ - - ---- -Dollars (LAS 5.53:6~t1..94.-..- - - ) payable as provided in a note executed and delivered, croncurrently herewith, the final payment of principal, if not sooner paid, on the ---.-Fi7r~t...--------- day of .-. ~.anuarX._........----.--...._,- 2020 Uxrrroaht CovsxnxTS. Borrower and Lender covenant. and agree as follows: 1. Pigment of Priaeipal and Interest Borrower shall promptly pay when due the principal of and in- terest on the indebtedness evidenced by the Note, prepayment and late charges as provided in the I`TOte, ana the pnnergal of and interest on any Future Advances secured by this Mortgage. 2. Funds for Taxes and Insurance. Subject to Lender's option under paragraphs d and S hereof, Bor- rower shall pay to Leader on the day monthly installments of principal and interest are payable under the Nate, until the Note is paid in full, a sum (herein. "Funds'I equal to one-twelfth of the yearly taxes and assessments which may attain priority° over this 3fortgage, and ground rents on the Property, if any plus one-twe}fth of yearly premium installments for hazard insurance, plus one-twelfth of yearly premium in- stallments €or mortgage insnran~e, if any, all as reasonably estimated initialh~ and from time to time by Lender on the basis of assessments and bz71s and reasonable estimates thereof, ?.ender shall apply the Funds to pay said taxes, assessments, insurance premiums and ground rents. Lender shall make na charge for so holding and applying the Funds or verifyirsg and rnmpiling said assessments and bills. The Lender shall give to the Borrower, without charge, an annual acrnunting of the Funds shoa-ing credits and debits to the Funds and the purpose for whirdt each debit to the Funds was made. The Funds are pledged as additional seciitity for the sums secured by this Mortgage. The Borrower agrees that the Funds may be held by the Lender and commingled with other funds and the Lender's own funds and the Lender may pay such items from .its own funds and the Lender shall not be liable for interest or dividends on such Funds. I# the amount of the Funds held by Leader, together with the future monthly installments of Funds payable poor to the dtte dates of taxes, a~easments, insurance premiums and ground rents, shall exceed the amount required to pay said taxes, assessments, insurance premiums and ground rents as they fall Sue, such excess shall be, at Borrower`s optfan, eit3ter promptly repaid to Borrower or credited to Borrower on monthly installments of Funds. L trx amount of the Funds held by Lender shall not be sufficient to pay taxes, assessments, instttance Premiums and ground rents as they fall due, Borrower shall pay to Lender any amount necessary to make up the defiefency within thirty days after notice from Lender to Borrower regr~esting payment thereof; or Borrower shall, by an increase in monthly installments of Funds required, repay the deficiency wfthin the Fund accounting period. Upon payment in fall of aH sums secured by this Mortgage, Lender shall app]c Funds held as a credit against all sums due.