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T. _ ~~- .. INDIVIDUAL DUE ON SALE ~~~' OPTIONAL FUTURE ADVANCES SAVINGS FUND n . Fonn~ No. 720-479 u Loan Number_ 42,1,S.d.___-_1$B__ __1_ Type 2rancF 7~ €~Q42"74 [W O R T ~ ~, ~ E THIS MORTGAGE, made and executed this -.._-...~.9............_.. day of ......fIGUYuti .................. A.D., 13...2., between the Morigagor, .._.Donald.II.._Toils_anrl.Esther..N_..Toll~ ..hushand.and..raife.,... ...3uintly..and..each -in their a~en..righf ......-._..__... -- -- - - - -- - - - - ---- _.... ---- -~ - -- o# ._..~rand..>sland...._.., County of -...._._..Hall.._-_.__....., State of .._.Nebraska...., hereinafter referred to as the Borrower, and the bfortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF LINCOLN, 1335 "N" Street, Linrnln, Nebraska 68501, its successors and assigns, hereinafter referred to as Lender. WITNESSETH: That the said Borrower for and in consideration of the sum of -...TIi_IFTY- FIVE.-THOUSAND AND NO/100 -----------------------.----.-.----------.Dollars (IJS 3--.35-,000,00.---- - ) paid by said Lender, does hereby mortgage, grant and convey to Lender, it_c successors and assigns; the #ollowing described property located in the County of ._.....-Hall._----_-_----,---_-_,-~ State of ?lebraska: Zot Four (1+) In Block Twenty (2J), in Kernohan and Decker's Addition to the City o~ Grand Ssland, Nebraska TocErxEa with all the improvements now or hereafter erected on the property, and all easements, rights, sppurienanres, 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 covered by this Mortgage; and all of the foregoing, together a^ith 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 nortgage, gram and convey the Property, that the Property is unencumbered, and that Borrower will warrant and defend generally the title fr the Property against all claims and demands, subject to any easements and a~trictions listed in a schedule of eaceptions to coverage in any tide insurance policy in- suring Lender's interest in the Properth•, or (3) attorney's opinian of title from abstract of title certified by bonded abstracter. PIIJViDED ALwer$, and these presents are eaecuted and delivered upon the folloa-ing conditions, agree- ments and ohligations of the Borrower, io-apt: The Borrower agrees to pay to the Lender, or order, the principal sum of .THIRTY_F.LYE-.T$(H1SAtID. .-°--Ah;D--tl~li,44_-.---- ---~---- ----------°--------.Dollars (L-S S. -35.,000.00-- ---- ) payable as provided in a nate eaecuted and delivered, rnncurrently herewith, the final payment of principal, if not sooner paid, an the .----ss6----------- day of --------~ty}~__._ -.._...- ...., ~_a0r~ Gxrxiata COVENAxTS. Borrower and Lender covenant. and agree as folloa^s: 1. Fapment of Priaripai ~d lnterest 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 Note, and the principal of and intermit on ane Future Advances secured by this Mortgage. 2 Fimda l~r 2mtes ~d Insurmtce. Subject to Lender's option under paragraphs 4 and 5 hereof, Bor- rower shall gay to Lender on the day monthly installments of principal and u7terest 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 asses~nents which may at#ain priority over this hior2gage, and ground rents on the Property. if any plus one-twelfth of yearly pxernrum srrstallments for 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 Icndez on the bays of assessments and br11s and reasonable estimates thereof, Lender shall apply the Funds to FaY said lanes, assessments, insurance premiums and ground rents. Lender shall make no charge for sa holding and applying the Funds or verifying and rnmpiling said assessments and bills. The Lender shall give to the Borroter, without charge, an annual accounting of the Femds showing credits and debits to the Funds and the purpose for which Bch debit to the Funds was made. The Funds are pledged as additional security for the soma secured by this Mortgage. The Borrower agrees that the Fund.4 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. If the amount of the Fonda held by Lender, togetber with the future monthly installments of Funds payable prior to the due dates a# fazes, assessments, insurance premiums and ground rents, shall eaceed p y said fazes, assessments, insurance premiums and ground rents as they fall due, such eza~es~ sltaIl bebe, st Borrower's ~tioa, eithez pmmgtly repaid to Borrower or credited to Borrower on moatlsly Ststallments of Fends. it tbe amount of the Funds held by Lender shall not be sufficient to pac ~~ ~~~ ia$ura~e P~~ and ground rents as they fall due, Harrower shall pay to Lender any amount necessary to make up the deficiency within thirty days after notice from Lender to Borrower requesting payment thereof, or Borrower shall, by en increase in monthly installments of Funds required, repay the deficiency within the Funu' accounting period. Upon payment in full of all sums secured by this Mortgage, Lender shall apply Funds held as a c-edit. against all sums due.