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<br />INDIVIDUAL
<br />DUE ON SALE
<br />OPTIONAL FUTURE ADVANCES
<br />SAVINGS FUND
<br />FoaM Na. 720-479
<br />Loan Number 417(8 ____-_188__-__2__
<br />roe a,a~«
<br />M O R T G A G E
<br />THIS D~iORTGAGE, made and executed this .__ _._2Q_-_....._._. day of _..._ ...Jtz11r__-.._..___- . A.D.,
<br />19_..1°.-, between the Mortgagor, _Harveg..L...-Pieyer,_Jr-....and.Maria. M. -Meyer,. husband and.___.
<br />wife,-.~.Qintl-y.. and..aacb,..in-_tlaeir---°wn--xiahx ,-.---._. _.-------..-_..--------.----.___.------.-_.__..------.-----
<br />of Gran3_Island.____ __, Count}- of --...d1a11_____._..-._._, State of __Nebraska...._., hereinafter referred
<br />to as the Borrower. and the liortgagee. FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br />LINCOLN, 1?i~ "N" Street, Lincoln, Nebraska 65501, its successors and assigns, hereinafter referred to
<br />as Lender.
<br />ti"trtsssErx: That the said Borrower for and in consideration of the snm of _THIRTY..FI4E_THOUSAND
<br />ANl)-NOj100-----_-----------------------r.-----c--c----dollars (liSS _35.,GGO.IlO_. -...--..-.--)
<br />paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br />folloa-ing described property located in the Connt~- of -.._- -. - H.all_.. _.._._.- __, State of Nelirasl:a:
<br />Lot Six (b), Block Five (5) Jenkinson Subdivision, Hall t:ounty, Nebraska
<br />Tocerttea with all the improvements naa• or hereafter erected on the property, and ail easements,
<br />rights, appurtenances, rents. roti'alties, tnineral. oil and gas rights and profits, water, tt-ater rights, and
<br />seater stock, and ail fixtures now or hereafter attached to the property, all of which, including replace-
<br />ments and additions thereto, shall be deemed to be and remain a part of the property covered be this
<br />Mortgage; and all of the foregoing, together with said property tar the Leasehold estate ir, the event this
<br />Mortgage is an a leasehold) ~ro irereir, referred to as the "Pmpem-"-
<br />$Orrower covenants that Borrower is laa-fuilc seised of the estate hereby com-eyed and ha: tine right
<br />W ,mortgage, grant and rnm-ey the Property, that the Property is unencumbered, and that Borrower will
<br />warrant and de#end generaH}' the ride :o the Propert}- against all claims and demands, subject to am
<br />easesrenrs and restrictions listed in a schedule of exceptions io rroverage in any title insutxttrn polic~• in-
<br />suring Lender s interest in the Pmpem-, or (''1 attorney's opinion of title from abstract of title certified
<br />by bonded abstracter.
<br />PQayrnsv Ar wars- and these presents ate- executed and delivered upon the folloeing wnditions, agree-
<br />ments and obligation: ni the Borrower, to-wit:
<br />The Borrower agrct to pad- to the Lender, or order; the principal sum of THIRTY FILE THOUS4ND
<br />AND N0i 1Gii----- -------- ----
<br />_ Dollars rI'S 3- 35 000.00
<br />payable as provided in a note exc~~ted and delivered. cnne•urrentl~ herea-ith, the final payment of principal,
<br />if trot sontter paid, on the r - - day ni ~:i~'*ust F8= ?per
<br />L'~rFOSat Coci:~t~-r;. Borrower and Lender rnvenant and agree a foliates
<br />1. Paymeat of Ptiudpal ®d lnteresf. Borma-er shall prompt)}• pad- u-hen due the principal of and in-
<br />ttrest an the indebtedness evidenced br t;ti~ Note. ;~reu*t~n.ent and laze charges a: pmt-icled in the Not<~,
<br />a^d the principal of and intermit cn any Futur Advance; .:nurril by this _\lcrgage.
<br />2 Funds #or Taxes aid Insurance. SubieM ro Lender's option under paragraphs 4 and > hereof. Bor-
<br />rower .hail pay to Lender on tine day mcmthlr inszallments of principal and interest are }unable under the
<br />\ote, rmtil the \ote is paid in full, a sum therein "Funds"1 equal to nor-taeifth of the dearly taxc: and
<br />a-sse~~•^~*'ts a~Itich may attain pricriit- over this \9ongage, and eruund reins nn the Property. if any plus
<br />~e-i-9eelftlt of yearly premitrtn installments for hazard insurance, plus one-twelfth of ~~earit' premium in-
<br />staffinents for mortgage insurance, if and°, all as reasonahl} estimated initiaid~ and from time to time by
<br />Lender on the basic of assesstnPntG and trills and reasonable estimates thereof, Lender shall apply the Funds
<br />to pay said taxes, ass~ments, insurance premiums and ground rents. Lender shad make no charge fur so
<br />holding and app)}vtg the Funds or yerift-ing and rompifing said assessments and bills. 'I hr- Lender shall
<br />give to the Borrower, without charge, an annual accauntittg of the Funds shooing credits a.^d debits ro the
<br />fhtnds and the purpose for which each debit to the Funds was made. The Funds are pledged as additional
<br />security for the sums secured by this 3#ortgage. The $nzrower agt•c'~s that the Funds may he held by the
<br />Larder and commingled with arbor funt#s and the Lender's own funds and the Lender may pay such items
<br />firm it3 oa-n fonds and the Lender shall not he Liable for interest or dividends an such Funds.
<br />If i}~e amotmt of the Ftmds held by Lender, together vcdth the #uttrre monthly installments of Funds
<br />payable prior to the due dates of taxes, assessments, insurance premiums and ground rents, shall exceed
<br />the amotmt regtured to pay said tares, asse~tnertta, insurance premiums and ground rents as they #all due,
<br />such eieess shall he, aL Borrowez'R option, eit-her promptly repaid to Borrower or credited fo Borrower on
<br />monthly installments of Funds. If the amount of the Funds held by Lender shall not he sufficient to pay
<br />fazes, acses.~ments, ,r.s„r~rree prettrittms and ground rents as they fall due, Borrower shall pay to Lender
<br />any amount necessary to make up the deficiency within thirty days after notice from Lender to Borrower
<br />requesting payment thereof, or Borrower shall, by an increase in monthly installment.-, of Funds required,
<br />repay the deficiency within the Fnnd accounting period.
<br />I?pon payment in tall of all sums secured by #his ?l4ortgage, Lender shall apply Funds held as a credit
<br />agaitxst all sav,~ due.
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