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~, ~~ ~~ ~~~ . ;~~~~Jf~~~:~;~,~~ ag-rlonl~c. F-ts-rtiR>< a~vsrcc~s gavlryc;s ~~ti ioaeFe Na. T20-4°i9 Lain IVutnber_ k~4~___ _188._ l___ T~o~ B.s*,c- !Tr 1..C R E ~.7 THI'~ MORTGAGE, made and executed this ----..-----Q1S----- --- day of ..............' .~..~......--.-...-.-- A-D., I3_7~.--, between the Mortgagor, ---.Eric-L,- Gragg,,-a_sir~22_.person.......---....-.- ............................_.._.. of .-.Mood P.iver -.. ,County of ---..Hall ....................... State of ..-Nelyrg~ka-..-..-, hereinafter referred to as the Borrower, and the l4ortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF - LINCOLN, i23b "N" Street, Lincoln, Nebraska 5&~Ol; its successors and assigns, hereinafter referred to as Lender. y~r,T vecz~mr{ Thatt.,, the said Borrower for and in consideration of the sum of ... THIRTEEN_THOtiSdND FOUR $UN~f31'~l"b, ~ttiTD Nbt100°------------------------_--°----Dollars (US g...13>40l1.Ap_. ---..-----.-.--? paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the followdng described properh located in the County of ........1cn,.l - - -- ----....._-....., Jtate of tyearasi=a= The Northerly 95.1 £eet of Lot One (1), In Slock.Five (5) in Dodd and Marshall's =,~dition to the Village of blood River, Hall County, Nebraska TQGETHEH with all the improvements now or hereafter erected on the property, and all easements, rights, appurtenances, rents, royalties, mineral, oil 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 alt of the foregoing, together with said property (or the leasehold estate in the event this ivio~igage is a,-i a teaseicoldi a=e hereir. referred to as the "Property". Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right ¢.,o mortgage, grant and convey the. Property, that the Property is unencumbered, and that Borrower wilt warrant and defend generally the title to the Property against all claims and demands, subject to any easements and restrictions listed in a schedule of exceations to coverage in any title insurance policy in- surrig Lender's interest in the Property, or {?} attorney's opinion of title from abstract of title certified by bonded abstracter. PQ'U=a~a Auwnvs, and those presen*.v are execut: d and delivered upon the following condi*aons, agree- ments ar_d obl~;ga±irr- o{ `he Borrower, to-Kt: ` ':'lie ial rotiver a cos to pay to the Leader, or order, the principal sum of - -THIRTEEN TIiDU;?A_ND_ FOUR HUNDRED lu~ID NOlI~O---------------------------------- 13,4(10.0(1.._..--....._.._.. -- - _ -- -- ....... - - - -- - ...- -- - - - --- - - --- - -- - .- .dollars (LTS ~.._ --- -- ...- - .._...) payable as provided in a note executed and delivered, concurrently herewith, the final payment of principal, if not sooner paid, on the --.-.--- First...---. day of ------" August _._.----....__..-_., 19.94 UxtFX~aM COVEA`ANTS. Borrower and Lender covenant and agree as follows: 3. Paymerii of Pziacipal and Interest. Borrower shall promptly pay when due the principal of and in- terest on the indebtedness evidenced by the Nate, prepayment and late charges as provided in the Note, and the principal of and interest on any Future Advances secured by this Mortgage. Z. Funds for Taxes and Insurance. Subject to Lender's option under paragraphs 4 and :i hereof, Bor- . rower shall pay to Lender on the day monthl_r• installments of principal and interest are payable under the Note, until the blots is paid in full, a sum (herein "Funds") equal is one-twelfth of the pearl, taxes and assessments which may attain priority over this Mortgage, and ground rants on the Property, if any plus one-twelfth of yearly premium installments for hazard insurance, plus one-twelfth of yearly 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 appiY the F4inds - y~ pa3 sand taxes, au~~s~-a„ts, =nau.~ao promiun-~s and s~urid r-cats. ,F~e-nclsr shall msze no cnargs for n, holding and applyirng the Funds ar 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 Mortgage. The Borrower agrees that-the Funds may be held 6y the Lender and evmmingled with other funds and the Lender's owti funds and the Lender may pay such treats _- frorn its_oa!n funds anus the Lewder shall not be liable for interest or dividends on such Funds. ~. if the amount o`. the Funds held by Leader, 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 requited to pay said tares, assessments, insurance premiums and ground rents as they fall due, sick escasa-shall be, at Borrowez's option, either promptly repaid to Borrower or credited to Borrower on :r:anthly installments cf Funds. If the amount of the Funds held by Lender shalt not be sufficient to pay tales, assessments, insurance px~iums and ground rents as they fall due, Borrower shall pay to Lender any'-amount necessary to make up the deficiency within thirty days after notice from Lender to Borrower reCUesting payment theieaf, ar Borrower- shall, by an increase in monthly installments of Funds required, repay ti:v deft: fancy within the Fund a:~.,unting period. Upon payment in foil of all soma secured by this Mortgage, Lender shall apply Funds held as a credit against all sums due.