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<br />79--•004~~3~
<br />
<br />INDIVIDUAL
<br />DUE ON SALE
<br />OPTIONAL FUTURE ADVANCES
<br />SAVINGS FUND
<br />FpflM Np. 720-479
<br />Loan Number___41ZL3__-___l$$_-=__i__
<br />True s.n~<n
<br />11/IO~TL;AGE
<br />THIS Pi1ORTGAGE, made and executed this .. ._9th.__._.____ day of -.-...dom.--._... _.._. __ A.D.,
<br />19....-7~., between the 14tortgagor, _.liexlin..M~..Ketnpke.-sad..Merna..Id._.Kempke.,.-husband and. wife,..
<br />.3.aintlx--and.-each..in.. theiz--aWn- night_.....-- -------- -- _.... - - __- - -._... ..._...__...-.. -
<br />of .._Grand-_Zsland_,..,.--.-, County of _....._._ Hal.l......__._..., State of .._Nebraska.--.. ,hereinafter referred
<br />to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AATD LOAN ASSOCIATION OF
<br />` LINCOLN, 1235 "N" Street, Lincoln, Nebraska 6850f , its successors and assigns, hereinafter referred to
<br />as Lender.
<br />~~rrNFSSerx: That the said Borrower for and in consideration of the sum of -. FORTY..FOUR,_-.._---._ .
<br />THOUSAND--AND.-tTQ/.lOR----=-_----_-----_----_----=Dollars (US $.-.4-4,.002._00._....._..--.----)
<br />paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br />following de.cribed property located in the County of ...-..._.Ha1<1_ .................__.-, State of Nebraska:
<br />ml;e ~,,,ttt; Th; fry_fiPe feer ts35') of Lot Four (4) and the North Twenty feet (N20' )
<br />of Lot Six (ti), Block Twenty (20), Scarff's Addition to West Lawn, Grand Island,
<br />Hall County, Nebraska
<br />Tocsrxsx with all the improvements nox- or hereafter erected on the property, and all 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 ire deemed to be and remain a part of the property covered by this
<br />Mortgage; and all of the foregoing, together with said property (ot the [easehold estate in the event. this
<br />Mortgage 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, grant and convey the Progerh~, 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. io 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 />Paovmsn Arwevs, and these presents aze executed and delivered upon the following conditions, agree-
<br />ments and oblieations of the Borrower. to-wit:
<br />Tice Borrower agrees to pap to the Lender, or order, the principal sum of .FORTY.-FY2UR.-THOUSAND - --
<br />.AIdI) k1D1-I90--- ---._.--_------_------.---.------Dollars (US 5.44,4.O.Q..04- _.}
<br />payable as prodded in a note executed and delivered, cancurrenth• herewith, the final payment of principal,
<br />if not sooner paid, on the _..__1st - - -__ zaav of . Auguste.. - - __ i4.-2D0+
<br />Uxrr+oa~t Cet~t~w~rs. Borrower and Lender covenant and agree as follows:
<br />1. Payment of PriadpaI sad Interest Borrower shall promptly pa>' when due the principal of and in-
<br />ter~t on the indebtedness evidenced by the Note, prepa»r:ent and late charges as provided in the Note,
<br />and tfre principal of and interest on any Future Advances =ecured by this \lortgage.
<br />2 Frmds far Taxes and Insurance. Suhje<< to Lender's option under paragraphs 4 and 5 hereof, Bor-
<br />rower shaIl pay to Lender on the day- manzhly its_ctallments of principal and interest are payable under the
<br />do#s, until the Note is paid in full, a sum Therein "Funds"? equal io one-twelfth of the yearly taxes and
<br />assessments which map attain priority over this fsfortga~,e, and ground rents on the Property, if any plus
<br />one-twelfth of yearly premium installments for hazard insurance, plus one-twelfth of yearly premium in-
<br />stathnents for mortgage instrrarfce, if any, all as reasonably estimated initially and from time to time by
<br />Leader on the basis of assessments and bills and reasonable estimates thereof, Lender shall apply the Funris
<br />to pay said taxes, s ~ nts, ++*¢nranre premiums and ground rents. bender shall make no charge for so
<br />bolding and applyag the Funds or verifying and compiling said assessments and bills. The Lender shall
<br />g;~ to the BvrrTa'tircr, rithout ehar~, an aantraf acerountiag of the Funds showing credit; and debits to the
<br />Funds and the purpose for which each debit w the Funds was made. The Funds are pledged as additional
<br />sernrity for the same secured by this Mortgage. The Borrower agrees that the Funds may be held by the
<br />Lender and conunirtgled with other funds and the Lender's owe funds and the Lender may pay such items
<br />from its own funds and the Lender shall not be liable for interest or dividends on such Funds.
<br />If the amount of the Fuada held by Leader, togetner with the future monthly instalLnents of Funds
<br />payable Brio; to the due dates of taxes, sments, insurance premiums and ground rents, shall exceed
<br />the amonnt requited to y said taxes, assessments, insurance premiums and ground rents as they fall due,
<br />-sorb nacess sbaII he, at Burro~c~.r's option, either promptly repaid to Borrower or credited to Borrower on
<br />tttotrthIy installments of Funds. Tf the amount of the Funds held by Lender shall not be sot&cient to pay
<br />fazes, aezses$meatts, iusttrance premiums and gmtmd rents as they fail due, Borrower shall pay to Lender
<br />any amotmt neoeasary. to stake np the de&taency within tYarty days after notice from Lender to Bonnwer
<br />regnesting payment thereof, or $urrower shall, by an increase in monthly installments of Funds required,
<br />repay the- deficcency within the Fnnd accounting period.
<br />Upon payment in full of all sums secured by this Mortgage, Lender shall apply Funds belt] as a credit
<br />against all sums due.
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