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lNDIViDUAL DUE ON SALE Fl~~ OPTIONAL FUTURE ADVANCES ® SAVINGS FUND Y FaaM Na. 720-479 Loan Number___42208__-_199__::-_1___ rroe a,a~~~ 7~° ft(f~~~$ !~i(3FdTC~GE THIS MORTGAGE, made and executed this ..-....... IZ._.-.._--._. day of .-_...-__.~ ~ ...---..--. A.D., 19-.7~._, between the Mortgagor. _Carol-.J.....Iverson, .a-single..per on,..and.. ,-_,Tay_McIntyre,- .-a--s ingle.-peSSOn ,...lointly_and.. saverally..and...each. in.-Yheir.. nom.. right, _.-->---.-----.---_. of ..__.6rand_lsland...__, County of ..._..._...Ha1L_-__.__..., State of .___Nebraska. -, hereinafter referred to as the Borrower, and the A•Sortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATIOIQ OF LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to as Lender. Wrrx Tx: That the said Borrower for and in consideration of the sum of .__T~?9TY.. Tie~0 THOUSAND . ........... ANB NO 10 22,000,00 .. -...- - ..... ----------°-----------------------------dollars (US $ _ - - _ _..) paid by said Lender, does hereby mortgage, grant and c Hall to Lender, its successors and assigns; the following described property located in the Counh• of -_._._.---__._.._._._-------------- State of Nebraska: Lot Seven (7), Capital Heights Seventh Subdivision, Ball County, Nebraska ToceTxEx with all the improvements now or hereafter erected on the property, and all easements, rights, appurtenances, rents, royalties, mineral, oi1_ 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 with said property (or the leasehold estate in the event this Mortgage is on a leasehold) are herein referred fo as the "Properky". Harrower covenants that Borrower is lawfully seised of the estate hereb}• 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 t., the Property against all claims and demands, subject to any easements and restrictiors listed in a schedule of exceptions to coverage in any title insurance policy in- suring It_~nder's interest in the Property, or (2) attorney's opinion of title from abs~ract of title certified by bonded abstracter. Paov[oeo ALWAYS, and these presents are executed and delivered upon the following conditions, agree- ments and obligations of the Borrower, to-w•it: The $orrower agrees to pay to the Lender, or order, the principal sum of .-TWENTY_Ttd0..THIIUSAHII-..- ANII.N0~1(1Q-=---.-----r-----_----r--rr---cr.--r------Dollars {L?S ~22,OOO.AO.__...____.-..-J payable as provided in a note executed and delivered, concurrently herewith, the final payment of principal, if not sooner paid, on the ...Z.1S.S~... _ ----. day of ....Atigust._..- ._.-. --..-_ .-.-, P9z~~ UxtFOSaK Covsxaxzs. Borrower and Lender covenant and agree as fellows: 1. Payment of Principal an3 Interest. Borrower shall prompth• 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 interest an any Future Advances secured by this Mortgage. 2 Funds for Saxes and Insurance. Subject to Lender's option under paragraphs 4 and 5 hereof, Bor- rower shaIl pay to Lender on the day monthly installments of principal and interest are payable under the Note, until the Note Ss paid in full, a sum {herein "Funds"} equal to one-twelfth of the yearly taxes and assessments n-hich may attain priority over this T~fortgage, and ground rents on the Property, if any plus one-twelfth of yearly premium installments for hazard insurance, plus one-twelfth of yearI}• premium in- stallments for mortgage insurance, if any, all as reasonably estimated initially and from time to time by Lender on the basis of assessments and bills and reasonable estimates thereof, Lender shall apply the Funds to pay said tales, assessments, insurance premiums and ground rents. Lender shall make no charge far ~-o balding and applying the Funds or verifying and compiling said assessments and bills. The Lender shall give to the Borrower, without charge, an annual accounting of the Funds showing credits and debits to the Funds and the purpose for which each debit to the Funds was made. The Funds are pledged as additional security for the sums secured by this 14fortgage. 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. If the amount of the Funds held by Lender, together with the future monthly installments of Funds payable prior to the due dates of taxes, assessments, insurance premiums and ground rents, shall exceed the amount required to pay said fazes, assessments, insurance premiums and ground rents as they fall due, such eace~ shall be, at Borrower's option, either promptly repaid to Borrower or credited to Borrower on monthly installments of Funds. If the amount of the Funds held by Lender shall not be sufficient to pay fazes, assessments, insurance premiums and ground rents as they fall due, Borrower shall pay to Lender any amount necessary to make up the deficiency within thirty day s after notice from Lender to Borrawer requesting payment thereof, or Borrower shall, by an increase in monthly installments of Funds required, repay the deficiency within the Fund accounting period. Upon payment in full of all sums secured by this Mortgage, Lender shall apply Funcls held as a credit. against all sums due.