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~ ~ ~ ,~ ~+,o^rlr~ryAw ct r~i c>c Ar_,v_gayrc~ j SAVINGS F'UNPS io>~.s Na. 72n-47s Loan N~:mber_-- 42~~9__~-- 3,b$_ 1 _--- ~9_ #~~1~7~3'~ [Vf ORTGAG~ "'I-IIS ' OF?TGAGE, made and executed this _-_.2~ ................... day of ......_ d~.y.--------.-.------.---- A.D., i3------.~~;~etween the Mortgagor, .. Chart-es...L.-.Haugh .and.-Sr.e da..-p,...Ilaugh.>..husbatztd.-end---------------- wif a ~_ j Dint ly-and -each - in--their-. own.-right ,--.-.------------rr...---r---c-r.---c._-------.---- of Grand. Island .............. County of -...._ Ha11 ---- - ---...., State of .--_~Yebxaska... ,hereinafter referred to as the Borrower, and the T_rlortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSnCIATION OF LiINCOLN, 1233 "N" Street, Lincoln, '.Nebraska 68501, its successors and assigns, hereinafter refereed to as Lender. 't~'TT?d'cS$"•~ - ` id Harrower ffar and in consideration of the sum of .T-.~I~Ty..flNE THOUSAND EIGHT HU~D~D~i~ FIVE AND NOIIDO 31 825.00 ~~ ~~ ~~ °------------.Dollars (LS 8.._.>..... - paid by said Lender, does hereby mortgage, grant and convey ±o Lender, its successors and assigns; the follavc~ing described property located in the County of _-_.-_.._ Hall ,State of Nebraska: - - .. . Irot Five {5), of Holcomb's Highway Homes. a subdivision of apart of the Northeast Quarter of tree Northeast Quarter {NE'-~NE~) and part of Lot Four {w), Mainland, all in Section 28, mv.rnship 11 North, Range 9 West of the 6th P.M., Hall Country, Nebraska TOGaTIiEft u~th all the improvements now or hereafter erected on the propeety, and all easements, rights, appurtenances, rent.>, royalties, mineral, oil and gas rights and pro&ts, water, water rights, and water stock, and all fixtures now or hereafter attached to the property, all of which, including replace- ments and sdditians thereto, shall be deemed to be and remain a part of the property covered by this rqo-tgaga ;d all ^f `h- fcrega;rag, age"h-l ~th ila.d property (ar the leaschald Mt to ... the .,,_.._ this Mortgage is on a IeasehoId) are herein referred to as the "Property°. Borrower covenants that Borrower ~is lawfully seised of the estate hereby 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 to the Property against all Maims and demands, subject to any easements and restrictions listed in a schedule of exceptions to coverage ir, any Title insurance policy in- suring Lender's interest in the Property, or (2) attorney's opinion of title from abstract of title certified by bonded abstracter. Paov~nsF, Arwavs; and theGe presents are executed and delivered upon the following conditions, agree- men}.8 and obligatiuns of the Borrower, to-wit: TLe By ower asr~ to pay tv the I~r~der, ar ardor, thse prir.eipal sum of i3i.ETS:_0 -T~3t;S ,. .----ESGHT.-HtIIVD$Elf_TS7ENTY.-E1PE..ANTr_NOL1D4.----cr--c-r--cr--Dollars (U5 g-..31,825_00-..--_. -----... ) payable as provided in a note executed and delivered, concurrently herewith, the final payment of principal, if net sooner paid, on the ...---.~s-~---.._.--- day of ....-.August.-----..... ___....-..., l~x_2Cl39 Ur?t~oxr+t Covexnrrrs. Borrower and Lenc:er covenant and agree as follows i. Paymeni of Principal and Interest. Borrower shall promptly pay when due the principal of and in- terest on the indebtedness evidenced by the INote, prepayment and isle charges as provided in the Note, and the principal of and interest an any Future Advances secured by this D'fortgage. 2. Funds for Taxes and Insurance. Subject to Lender's option under paragraphs 4 and 5 hereof, Bor- rower shall pay to Lender on tl-le day monthly installments of principal and interest a*e payable under the Note, until the Nato is paid in full, a sum (herein "Funds") equal to one-twelfth of the yearl.; taxes and assessments which may attain priority aver this Mortgage, and ground rents on the Property, if any plus one-twelfth of yearly premium installments for hazard insurance, plus one-twelfth of yearly premium in- stalimenis for mortgage insurance, if any, all as reasonably estimated initially and from time tc time by Lender on the basis of assessments and bills and reasonable estimates thereof, Lender shall apply the Funds tM pay said t;~::t-, ~.~ ~meata, =rvu:ter:cc premiu,;.s a=id Tround ,enta. L~rd~r £.hall make no charge for =o hhlding sad 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 ani 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 by the ~,eader and commfngIed-with other funds and the lender's own funds and the Lender may pay snob items from its owe funds and the Lender shall not be liable for interest or dividends on such Funds. If the amount of the Funds held by Leader, tragether with the futnre monthly installments of Funds pgyable prior to the_due dates df taxes, assessments, insurance premiums and ground rents, shall exceed the amount required to pay said taxes, assessments, insurance premiums and ground rents as they fall due, such excess shall be, at $ormwer's option, either promptly repaid to Borrower or credited tc> Borrower on +ronthly installments of Funds. Lf the amount of lire F•.mds held by Leader shall not be suf&cient to pay taxes, assessments, insurance; premiums- and grfzund-rents as they fall due, Borrower shall pay to Lender any amount aec~sary to make up the deficiency-within thirty days after notice from Lender to Borrower reques~ing payment thereat or l3orrocser shall, by an increase in monthly installments of Funds required, rope,- -the deficiea`,c.y iYitissitt L=te Fund acco=a tiirsg period. Upon payment in full of all sums secured by this Mortgage, Lender shall apply Funds held as a credit against all sums due.