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<br />~~~
<br />7s~.~~,~~~2
<br />INDIVIDUAL
<br />DUE ON SALE
<br />OPTIONAL FUTUf2E ADVANCES
<br />SAVINGS FUND
<br />FORM tip. 720-474
<br />Lcan Number___1952 ___- i88 __ _ 1
<br />M C~RTGAGE
<br />THIS AiORT'GAGE, made and executed thts -_ _ 6th... .._ day of _.. ___ Ju~y . _ A.D.,
<br />19 ~°....., between the 1lortgagor, ....'iithae.I D ...Ke4.Av and..Bagi~ara.,A Kenny- ,husband anti-wife,
<br />.....3axrrk7y...and..Qach..ira. t;hg3r.own--right ..-----,
<br />of --..Grand--.Ig13nd___._., County of .__._ FLall_.._--_.._.___., State of ._.__ Nebraska ., hereinafter referred
<br />to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN A$gpCIATIGti OF
<br />LINC0L.'4, 1235 "\" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to
<br />as Lender.
<br />Wrt-tr~-serx: That the said Borrower for and in consideration of the sum of . EIGI'ITEEN._'1;'KQU$A*ID
<br />---('Nl?.NOI1Q0..--------.--------------rr------.----.~3ollars iliS 5...18,004..QQ.__....____ )
<br />paid b}• said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br />following described property located in the County of _._._.- Hall_„_._ ,_, _ ,____ ,,, ,State of Nebraska:
<br />Thw Hesterly Sixty-two feet (W62') of the following described tract of land, to-wit:
<br />Fractional Lot Six {6), in fractional Block Thirty-nine (39} in Charles Warmer`s Addition
<br />and the Southerly One half (S'1) of Fractional Block Twelve (12) in Sr'indolph's Addition
<br />both beiag additions to the city of Grand Island, Nebraska, being a rectangular tract
<br />of lead hsving a Southerly Frontage of Sixty-two feet (62') on Anna Street, and a
<br />iesterly Frontage of One Hundred Forty Feet (150') on Jefferson Street, in said city of
<br />Grand Island, Hail County, zebras-tca
<br />Taa>;zxEa with all the improvements nov.- cr hereafter erected on the property, and all easements,
<br />rights appurtenances, rents, royalties. mineral, ail and gas rights and profits, water, water rights, and
<br />water stack, and all fixtures now or hereafter attached to the property, all of which, including replace-
<br />ments aad additions thereto, shall be deemed to be and remain s part of the property covered by this
<br />Mortgage; and all of the foregoing. Logether cc-ith said property (or The leasehold estate in the event this
<br />Mortgage is on a leasehold) are herein referred to as the "Property".
<br />Borrower rncenaa~ tha# Borrower is iaufirlly seised of the estate hereby cam•eyed and has the right
<br />W mnrigage, grant and ronvey the Property, that the Property is tmenctunbersd, and ih~t Borrower wilt
<br />warrant and defend generally the ride +a the Propem~ against aIl claims and demands, subject to any
<br />~menis and restrictions lted in` a schedule of eareption_c to coverage in any rifle insurance police in-
<br />suring Lender's interest in the Propert,-_ or {`?? attorne}''s opinion of title from abstract of title certified
<br />by banded abstracter.
<br />Paocm~eo Aiwers, and these present are executed and delivered upon the folIoR-ing conditions, agme-
<br />meats and obligation: of the Bormr:er, to-vcit-
<br />The Harrower agret"s to pay to the Lender, or order, the principal sum of _ EIGHTEEN. THOU&ANR..AI>~D
<br />--_N0Lli~2_- .. _. -----_~_~~~_A~lian tl-S 5.__.18~OQ4...Q{2 _ ...__._)
<br />pa}'able as pra«ded in a note executed and delivered, concurrently- herewith, the final pacment of principal,
<br />if not sooner paid, an the -.. First .. -- day of July . 3B. ?_f)fl4
<br />L;>`Zr+Dant CovEtiw.vrs. Borrower and Lender covenant sad agree as follow.:
<br />1. Paymeat a{ lhi>sapal ~d IaieresL Borrower shall pnamptl} pay when due the principal of and in-
<br />teres# an ±~ iadebtedness r.•idencsd b}- the Nate, pupa}-meat and late charges a, pmvideel in the Note.
<br />and the principal of and intrust on an}• Future Advancs~ secvrrd b}- this 3fongage-
<br />Z Funds ~ Ymcea ~d hu-urcmce, Subject io Lendei ; option under paragraphs t and 5 herieaf. Bor-
<br />rotc$ shall pay to Lender on the sap montlriv installments of pr.-ncipal and interest are parable under the
<br />Ahnte., until the Nate i paid in full, a sum iherrein °Funds"i equal to one-tneihh of the i-earl}- taxes and
<br />a~e~ents which may ai,ain priatita• over this Mortgage, and ground rents on the Property, if an} plus
<br />ens-twelfth of r-earh n* +++~_.+~ instailmetrts far ha3arcf insurance, plus one-iwelf#?: of =early premium in-
<br />stallrn~ris far mortgage insurance, if any. ail as reasonably estimated initiailv,- and from time to time by
<br />Trader an the basic, of a-,st ca-ments and b11s and reasonable e;timat~ thereof, Lender shall appl r the Funds
<br />to pay said tazrs, as,9essments, inci.ra,.Ge premiums and ground rents. Lender shall make na charge for sa
<br />balding and appi}zng the Funds or verif}-mg and compiling Said aa;essments and bills. The Lender shall
<br />t~ to the Borrower, withers charge, an amtual sceounting of the Funds showing credit and debits to the
<br />; and ihs purer far wirier each debit to the Funds was made. The Ftutds are pledged ac additional
<br />sedrr'ity fat the sums securer! by this Afartgage. The Harrower agrees that the Fund, msr be held by the
<br />Lander sad commingled with ether ftrnds and the Lender; awn #tmds and the Lender ma}• pay such items
<br />from its own funds and the Leader shall ~# he liable #or interest or di~Zdends on such Funds.
<br />If the sax>ant of the Fsmds held by Lender, #agether with the future monthly installments of Futrds
<br />Ps9~! Pry ~ the due dates r>f razes, aaearLs, insurance premitrms acrd ground rents, shall ezt~ed
<br />match ez~st airafl be, at Sarruwer's~~~ ~, itrsuranre premtams and ground rents as they fall due,
<br />settees, eitdrer promptly repaid to $ormwer or credited to Borrower on
<br />r+ttxithly iastarlhneats of Funds, Tf the amount of the Funds held by Lender shall net be sufficient to pa>•
<br />~. a~ta. rasarsace Prumitntta and ground rents as they fail due, Borrower shall pay to Lender
<br />s»y amount neexasary to rase up the defntiertcy within thirty daps after notice #rom Lender to BarTawer
<br />raqueatrag payment tlrerenf, or Bormw~ shall., by an inc_*ease in monthly installments of Funds required,
<br />repay the deficiency within the Fund atxauating period.
<br />Upon paprirat in foil of all sums secured by this Mortgage, Lender shall apply Funds held as a credit
<br />against all sums dos.
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