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<br />iJIR.'ViJr///
<br />79- €~ Cf 4 4 9 7
<br />INDIVIDUAL
<br />DUE ON SALE
<br />OPTIONAL FUTURE ADVANCES
<br />SAVINGS FUND
<br />Faaw Na. 720-479
<br />39662 - 188 _-: 1
<br />Loan Number____________ rroe s e
<br />M O R T G A G E
<br />THIS MORTGAGE, made and executed this -._ !l' ..__. day of __c# ra ._.. - .. A.D.,
<br />19..~~ ..., between the'lfortgagor, - Kenneth E Bockbrader and Laurie K Bo b der, husband
<br />and wife, jointly and each in their own right __, ____ _.__
<br />of Grand Island Caunty of Haii ,State of yebraska ,hereinafter referred
<br />to as the Burro*.rer, and the \#ortgagee. FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br />LINCOLN, 1?35 "N" Street, Lincoln, Nebraska 6t;j0t, its successors and assigns, hereinafter referred to
<br />as Lender.
<br />VGtrxs~erx: That the said Borrower far and in consideration of the sum of . 'I'1~'Et9'CL-...];IGIIT.......
<br />TEOliS~h'D,.THREE_HiTh'DREI) _FIFTY_AND_IiO./.100-.-.------------Dollars (USa'.-..?$..3.5.O.Q~-_-.._..___. )
<br />paid by said Lender, does hereby mortgage, grant and comet' to Lender, its successors and assigns; the
<br />following described property itKated in the Counts of . __..__. I3~L,h___.. _. ,State of Nebraska:
<br />Lot Seven (7) Block 140 {2) in Lateberts Seeond Addition to the City of Grand Island
<br />ne.~ ~n„n}s ~t,a~~~~
<br />Tocsritntz mzth all the improvemenLS new or hereafter erected on the property, and all easements,
<br />rights, appurtenances, rents, royalties, mineral, oit and gas rights and ptrofits, water, water rights, and
<br />seater suck, and all &zture; noa- or hereafter attached to the property, all of which, including replace-
<br />ments and additions thereto, shall tx deemed to be and remain a part of the property covered by this
<br />?+fortgage; and all a# the foregoing, together with said property {or the leasehold estate in the Brent this
<br />`Mortgage is on a leasehold) are herein referred to as the "Property".
<br />Harrower rnyenants that Harrower i' law-f-ully seised of the estate herebti conveced and has the right
<br />fo mortgage, grant and mmey the Properly, that the Propem- is unentvtnbered, and that Harrower will
<br />warrant and defend generally the title to the Property against all claims and demands, subject to any
<br />ea5emen'ts and restrictions fisted in a schedule of exceptions to eoyerage in any title insurance policy in-
<br />suring Lender's interest in the Praperty, ar (?) attorney's opinion of title from abstract of title certified
<br />by bonded abstracter.
<br />Pca~°iDSa A;.waS s. and these pipsenLa are erecuted and delivernd open the fallou-ing conditions, egret
<br />menis and obligstions of the $orrower. to-w-it:
<br />The $orrawer agrees to pay to the Lender, ar ardor. the principal sum of - ~~-~-EI~,~.-~pdg~~}
<br />3?~£ ~'DRFA- Fi~`I'~ -sS?v'r1 3Nt?i-3{1(1 ---- -_...Dallar` {t'~+ •- 28y37~:CiP )
<br />payable as proY~ded in a Hale executed and delivered. concumentl~- herea-ith, the final payment of principal.
<br />i# not sooner Maid, an the ~_T~t day of ~'~'u-st- 2~~0..
<br />lixtrctara Cavir4.~xt~. $orroa-er and Lender covenant and agrt-e as fellows:
<br />1. Paymen# of Principal rmd latezest. $arrower shat pmmpth pay when due the principal of and in-
<br />iemt an the indebtedne>.a exidenced br the Nate. prepayment and Iafe charges as prarided in the Nate,
<br />and the principal of and inierc-~-t an env Fut;trz Advances secured 'by thi: \lartgage.
<br />2 Ftmds far lazes ~d Ensurrusce. Subject to Lender's option under paragraphs d and :+ hereof. Har-
<br />rower shsll gay to Lender an the day manthly installment of principal and interest are payable under the
<br />1tTot+2, until the !tote is paid in #uli, a sum therein "Funds"l equal to one-twelfth of the yearly razes and
<br />aes~acmcnts which may attain priority over this Afartgage, and ground rents on the Property, if an}- plus
<br />one-tw~##h of yearly prtsnium insialltnesfts for haaard insurance, plus ore-twelfth of yearh• premiurn in-
<br />stailmettis for sortgage insurance, if anv, ail as r~easanabiy ~r'timated initials}- and from lime to lime by
<br />Leader oa the basis of assessments and bt71s and rea_wnable estimates thereof. Lender shall apply the Funds
<br />to pay said razes, assessm~iGS, incnrant~ premiums and ground rents. Lender shall make no charge for so
<br />holding and applying the Funds ar verifying and campiling said a,~_,=snents and bil]s. The Lender shall
<br />give to the Borrower, wi#haut charge, an annual accotmting of the Ftmds shawxng credits and debits to the
<br />I~atds and the ptngose #or ~ehirh each debit +~ t_he Funds rues trade. The Funds are pledged as addikional
<br />sentxity for the sums secured be this lufottgage- The Borrower agrees that the Funds may be held by the
<br />Lender and crommiagled with o#her funds sad the bender's own funds and the bender may pay such items
<br />from its owe funds and Ute Leader shall not be liable for interact or dividends on such Funds.
<br />If the amount of the Funds held by Lender, together with the future monthly installments of Funds
<br />payable prior to the dae dates of tares, asatts, instrance premiums and ground rents, shall exceed
<br />dam ~t s~ to pay ,raid fazes, ass~ea#s, fnsurance premiums and ground rents as they fall due,
<br />be, at Borrower's option, ether promptly repaid to Borrower or credited to Borrower on
<br />r~onthlg inatallrnents of Funds. I# the amount of the Funds held by Leander shall not be sufficient to pap
<br />tazee, aeata, insurance preatiimts and gronatf rents ac they fall due, Borrower shall pay to Lender
<br />any amount nrY to make up the de5cierrev within thirty days after notice from Lender to $orrower
<br />requesting payment thereof, or Harrower slsail, by an increase in monthly installments of Funds required.
<br />repay the deficiency within the Fuad atsountitsg period.
<br />upon payment in full of all sums secured by this Mortgage, Lender ,hall apply Funds held as a credit
<br />against all sums dtie.
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